INCOME TAXES (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
| Income Tax Disclosure [Abstract] |
|
| SCHEDULE OF INCOME BEFORE INCOME TAXES |
The
Company’s income (loss) before income taxes were broken down as follows:
SCHEDULE
OF INCOME BEFORE INCOME TAXES
| | |
Year Ended December 31, 2025 | | |
Year Ended December 31, 2024 | |
| Domestic | |
$ | (8,967,280 | ) | |
$ | 2,085,356 | |
| Foreign | |
| - | | |
| - | |
|
| SCHEDULE OF TAX PROVISION BENEFIT |
The
Company’s tax provision (benefit) as of December 31, 2025 and 2024 is summarized as follows:
SCHEDULE
OF TAX PROVISION BENEFIT
| | |
December 31, 2025 | | |
December 31, 2024 | |
| Current | |
| | | |
| | |
| Federal | |
$ | (77,341 | ) | |
$ | 903,347 | |
| State | |
| 18,540 | | |
| (8,407 | ) |
| Foreign | |
| - | | |
| - | |
| Total current income tax expense | |
| (58,801 | ) | |
| 894,940 | |
| | |
| | | |
| | |
| Total income tax expense | |
$ | (58,801 | ) | |
$ | 894,940 | |
|
| SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES |
Net
deferred tax assets consist of the following components as of December 31, 2025 and 2024:
SCHEDULE
OF DEFERRED TAX ASSETS AND LIABILITIES
| | |
December 31, 2025 | | |
December 31, 2024 | |
| Deferred tax assets | |
| | | |
| | |
| NOL carryover | |
$ | 3,438,636 | | |
$ | 2,417,161 | |
| Amortization | |
| 1,976,244 | | |
| 1,850,667 | |
| Other accruals | |
| 2,468,356 | | |
| 1,988,821 | |
| Depreciation | |
| (18,482 | ) | |
| 862,384 | |
| Investment in partnership | |
| 11,011,465 | | |
| 10,985,183 | |
| Deferred tax liabilities | |
| - | | |
| - | |
| Valuation allowance | |
| (18,876,219 | ) | |
| (18,104,216 | ) |
| Net deferred tax liability | |
$ | - | | |
$ | - | |
|
| SCHEDULE OF INCOME FROM CONTINUING OPERATIONS |
SCHEDULE
OF INCOME FROM CONTINUING OPERATIONS
| | |
Year ended December 31, 2025 | |
| | |
$ | | |
% | |
| Income taxes at statutory rate | |
$ | (1,883,129 | ) | |
| 21.00 | % |
| State and Local Income Taxes - Net of Federal Benefit [1] | |
| 18,541 | | |
| -0.21 | % |
| Changes in Valuation Allowance | |
| | |
| -7.42 | % |
| Nontaxable or Nondeductible items | |
| | | |
| | |
| Related party interest | |
| 260,317 | | |
| -2.90 | % |
| Foreign derived intangible income | |
| | | |
| | |
| Interest | |
| | | |
| | |
| Administrative fine | |
| 858,561 | | |
| -9.57 | % |
| Other | |
| 4,971 | | |
| -0.06 | % |
| Other | |
| 16,640 | | |
| -0.19 | % |
| Total income tax provision (benefit) | |
$ | (58,801 | ) | |
| 0.65 | % |
| [1] |
State
taxes in California, Pennsylvania and New Jersey made up the majority (greater than 50%) of the tax effect in this category. |
INVESTVIEW,
INC.
NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER
31, 2025 AND 2024
As
previously disclosed for the year ending December 31, 2024, prior to the adoption of ASU 2023-09, the income tax provision differs from
the amount of income tax by applying the U.S. federal income tax rate to pretax income from continuing operations due to the following:
| | |
Year ended December 31, 2024 | |
| | |
| | |
| Income taxes at statutory rate | |
| 437,925 | |
| State taxes – net of federal benefit | |
| (6,641 | ) |
| Valuation allowance | |
| 581,800 | |
| Foreign derived intangible income | |
| (420,033 | ) |
| Interest | |
| 260,511 | |
| Other | |
| 41,378 | |
| Total income tax provision (benefit) | |
$ | 894,940 | |
|
| SCHEDULE OF UNRECOGNIZED TAX BENEFITS |
A
reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
SCHEDULE
OF UNRECOGNIZED TAX BENEFITS
| | |
Year ended December 31, 2025 | | |
Year ended December 31, 2024 | |
| Balance at the beginning of the year | |
$ | 26,768 | | |
$ | - | |
| Increases related to positions taken in prior years | |
| - | | |
| 26,768 | |
| Balance at the end of the year | |
$ | 26,768 | | |
$ | 26,768 | |
|
| SCHEDULE OF INCOME TAXES PAID, NET OF REFUNDS RECEIVED |
Income
taxes paid, net of (refunds) received, is as follows:
SCHEDULE
OF INCOME TAXES PAID, NET OF REFUNDS RECEIVED
| | |
Year ended December 31, 2024 | |
| Federal | |
$ | (169,495 | ) |
| State | |
| (1,967 | ) |
| Total taxes paid | |
$ | (171,462 | ) |
|