Quarterly report [Sections 13 or 15(d)]



STYLE="font: 10pt Times New Roman, Times, Serif">























U.S.
Securities and Exchange Commission






Washington,
DC 20549










FORM
10-Q









[X]

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934









FOR
THE QUARTERLY PERIOD ENDED








December
31, 2020








[  ]

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934







For
the transition period from__________________ to _______________________.








Commission
File Number 000-27019









Investview,
Inc.





(Exact
name of registrant as specified in its charter)



















Nevada






87-0369205




(State or other jurisdiction




of incorporation)







(I.R.S. Employer




Identification No.)









234
Industrial Way West, Ste A202




Eatontown,
New Jersey 07724




(Address
of principal executive offices)








Issuer’s
telephone number: 732-889-4300








Securities
registered pursuant to Section 12(b) of the Act: None























Title
of each class






Trading
Symbol(s)






Name
of each exchange on which registered























Indicate
by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days.















Yes




[X]




No



[  ]








Indicate
by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant
to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that
the registrant was required to submit and post such files).















Yes




[X]




No



[  ]








Indicate
by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting
company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”
“smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.



























Large
accelerated filer [  ]



Accelerated
filer [  ]






Non-accelerated
filer [X]



Smaller
reporting company [X]






Emerging
growth company [  ]











If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [  ]








Indicate
by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).















Yes




[  ]




No



[X]








Indicate
the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date. As
of February 8, 2021, there were 3,237,481,329 shares of common stock, $0.001 par value, outstanding.

















































INVESTVIEW,
INC.










Form
10-Q for the Nine Months Ended December 31, 2020









Table
of Contents























































































PART
I – FINANCIAL INFORMATION





3





ITEM
1 – FINANCIAL STATEMENTS





3





Condensed
Consolidated Balance Sheets as of December 31, 2020 (Unaudited) and March 31, 2020





3





Condensed
Consolidated Statements of Operations and Other Comprehensive Income for the Three and Nine Months Ended December 31, 2020
and 2019 (Unaudited)





4





Condensed
Consolidated Statements of Stockholders’ Equity (Deficit) for the Three and Nine Months Ended December 31, 2020 and
2019 (Unaudited)





5





Condensed
Consolidated Statements of Cash Flows for the Nine Months Ended December 31, 2020 and 2019 (Unaudited)





6



Notes to Condensed Consolidated Financial Statements as of December 31, 2020 (unaudited)


7




ITEM
2 – MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS





23





ITEM
3 – QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK





28





ITEM
4 – CONTROLS AND PROCEDURES





28





PART
II – OTHER INFORMATION





28





ITEM
1 – LEGAL PROCEEDINGS





28





ITEM
1.A – RISK FACTORS





28





ITEM
2 – UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS





28





ITEM
3 – DEFAULTS UPON SENIOR SECURITIES





29





ITEM
4 – MINE SAFETY DISCLOSURES





29





ITEM
5 – OTHER INFORMATION





29





ITEM
6 – EXHIBITS





29





SIGNATURE
PAGE





31
















2



















PART
I – FINANCIAL INFORMATION












ITEM
1 – FINANCIAL STATEMENTS












INVESTVIEW,
INC.







Condensed
Consolidated Balance Sheets




as
of December 31, 2020 (Unaudited) and March 31, 2020





































































































































































































































































































































































































































































































































































































































































December 31,









March 31,












2020









2020












(Unaudited)















ASSETS





















Current assets:



























Cash and cash equivalents






$



1,110,960









$



137,177






Restricted cash, current









180,550












-






Prepaid assets









814,695












5,309,512






Receivables









1,076,583












910,646






Short-term advances









145,000












145,000






Short-term advances - related party









500












500






Other current
assets









655,059












96,022






Total
current assets









3,983,347












6,598,857

































Fixed assets,
net









5,892,472












2,997,611

































Other assets:



























Intangible assets, net









562,427












692,882






Restricted cash, long term









262,939












-






Operating lease right-of-use asset









63,258












99,465






Deposits









8,488












11,173






Total
other assets









897,112












803,520

































Total assets






$



10,772,931









$



10,399,988

































LIABILITIES AND STOCKHOLDERS’
EQUITY (DEFICIT)



























Current liabilities:



























Accounts payable and accrued liabilities






$



2,109,143









$



2,896,012






Payroll liabilities









82,765












880,349






Customer advance









-












392,310






Deferred revenue









969,726












612,500






Derivative liability









41,390












793,495






Dividend liability









70,516












-






Operating lease liability, current









48,000












56,530






Other current liabilities









-












11,407,200






Related party payables, net of discounts,
current









2,025,106












1,964,760






Debt, net of
discounts, current









3,349,987












1,719,326






Total
current liabilities









8,696,633












20,722,482

































Operating lease liability, long term









21,593












50,268






Related party payables, net of discounts,
long term









149,972












-






Debt, net of discounts, long term









14,925,957












-






Other long term
liabilities, net of deferred interest









-












3,885,464






Total
long term liabilities









15,097,522












3,935,732

































Total liabilities









23,794,155












24,658,214

































Commitments and contingencies









-












-

































Stockholders’ equity (deficit):



























Preferred stock, par value: $0.001;
50,000,000 shares authorized, 55,554 and none issued and outstanding as of December 31, 2020 and March 31, 2020, respectively









56












-






Common stock, par value $0.001; 10,000,000,000 shares authorized;
3,237,481,329 and 3,214,490,408 shares issued and outstanding as of December 31, 2020 and March 31, 2020, respectively









3,237,481












3,214,490






Additional paid in capital









34,615,895












28,929,516






Accumulated other comprehensive income
(loss)









(19,330



)









(20,058



)



Accumulated deficit









(50,855,326



)









(46,382,174



)



Total
stockholders’ equity (deficit)









(13,021,224



)









(14,258,226



)






























Total liabilities
and stockholders’ equity (deficit)






$



10,772,931









$



10,399,988











The
accompanying notes are an integral part of these condensed consolidated financial statements














3

















INVESTVIEW,
INC.





Condensed
Consolidated Statements of Operations and Other Comprehensive Income




for
the Three and Nine Months Ended December 31, 2020 and 2019




(Unaudited)
































































































































































































































































































































































































































































































































































































































































































































































































































































































































































Three
Months Ended December 31,









Nine
Months Ended December 31,












2020









2019









2020









2019













































Revenue:



















































Subscription revenue, net
of refunds, incentives, credits, and chargebacks






$



3,844,722









$



4,578,623









$



13,343,867









$



19,327,091






Mining revenue









4,027,364












380,871












7,863,649












380,871






Fee revenue









2,952












4,117












10,675












9,486






Total
revenue, net









7,875,038












4,963,611












21,218,191












19,717,448

























































Operating costs and expenses:



















































Cost of sales and service









2,055,379












560,145












4,692,512












1,092,643






Commissions









2,575,002












1,605,925












9,365,546












10,822,072






Selling and marketing









18,607












575,199












863,547












1,389,666






Salary and related









1,138,948












1,721,970












3,176,337












5,433,416






Professional fees









1,846,338












474,287












2,505,648












1,130,070






General and administrative









1,814,425












1,765,381












4,624,043












4,487,137






Total
operating costs and expenses









9,448,699












6,702,907












25,227,633












24,355,004

























































Net income (loss)
from operations









(1,573,661



)









(1,739,296



)









(4,009,442



)









(4,637,556



)






















































Other income (expense):



















































Gain (loss) on debt extinguishment









4,238,810












443,907












5,068,747












1,725,384






Gain (loss) on fair value of derivative
liability









(35,489



)









(94,622



)









291,299












504,635






Gain on deconsolidation









-












-












-












53,739






Impairment expense









-












(627,452



)









(66,645



)









(627,452



)



Realized gain (loss) on cryptocurrency









(28,678



)









10












(27,582



)









(657



)



Unrealized gain (loss) on cryptocurrency









281,220












(16,885



)









458,037












8,445






Interest expense









(822,870



)









(1,427,433



)









(5,550,035



)









(3,918,070



)



Interest expense, related parties









(327,513



)









(367,190



)









(717,233



)









(1,618,284



)



Other income
(expense)









(2,752



)









3,231












183,656












(68,053



)



Total
other income (expense)









3,302,728












(2,086,434



)









(359,756



)









(3,940,313



)






















































Income (loss) before income taxes









1,729,067












(3,825,730



)









(4,369,198



)









(8,577,869



)



Income tax expense









(3,288



)









(2,198



)









(6,570



)









(9,580



)






















































Net income (loss)









1,725,779












(3,827,928



)









(4,375,768



)









(8,587,449



)






















































Dividends on
Preferred Stock









(45,042



)









-












(97,384



)









-

























































Net income applicable
to common shareholders






$



1,680,737









$



(3,827,928



)






$



(4,473,152



)






$



(8,587,449



)






















































Income (loss)
per common share, basic and diluted






$



0.00









$



(0.00



)






$



(0.00



)






$



(0.00



)






















































Weighted average
number of common shares outstanding, basic and diluted









3,098,416,112












2,840,281,449












3,105,907,543












2,748,911,300

























































Other comprehensive income, net of tax:



















































Foreign
currency translation adjustments






$



4,451









$



22,627









$



728









$



2,067






Total other comprehensive
income









4,451












22,627












728












2,067






Comprehensive
income (loss)






$



1,730,230









$



(3,805,301



)






$



(4,375,040



)






$



(8,585,382



)








The
accompanying notes are an integral part of these condensed consolidated financial statements
















4

















INVESTVIEW,
INC.







Condensed
Consolidated Statements of Stockholders’ Equity (Deficit)




for
the Three and Nine Months Ended December 31, 2020 and 2019




(Unaudited)






























































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































































Accumulated











































































Additional









Other







































Preferred
stock









Common
stock









Paid
in









Comprehensive









Accumulated









Noncontrolling





















Shares









Amount









Shares









Amount









Capital









Income









Deficit









Interest









Total






Balance, March 31, 2019









-









$



-












2,640,161,318









$



2,640,161









$



23,758,917









$



1,363









$



(25,096,983



)






$



51,485









$



1,354,943






Common stock issued
for cash









-












-












39,215,648












39,216












285,784












-












-












-












325,000






Offering costs









-












-












-












-












101,387












-












-












-












101,387






Deconsolidation of Kuvera
LATAM









-












-












-












-












-












-












-












(51,485



)









(51,485



)



Foreign currency translation
adjustment









-












-












-












-












-












(18,975



)









-












-












(18,975



)



Net
income (loss)









-












-












-












-












-












-












(3,005,955



)









-












(3,005,955



)



Balance, June 30, 2019









-












-












2,679,376,966












2,679,377












24,146,088












(17,612



)









(28,102,938



)









-












(1,295,085



)



Common stock issued
for cash









-












-












13,000,000












13,000












312,000












-












-












-












325,000






Common stock issued
for services and compensation









-












-












241,000,000












241,000












1,274,915












-












-












-












1,515,915






Common stock repurchase









-












-












(5,150



)









(5



)









(97



)









-












-












-












(102



)



Common stock cancelled









-












-












(222,500,000



)









(222,500



)









(3,157,500



)









-












-












-












(3,380,000



)



Beneficial conversion
feature









-












-












-












-












1,000,000












-












-












-












1,000,000






Foreign currency translation
adjustment









-












-












-












-












-












(1,585



)









-












-












(1,585



)



Net
income (loss)









-












-












-












-












-












-












(1,753,566



)









-












(1,753,566



)



Balance, September 30, 2019









-












-












2,710,871,816












2,710,872












23,575,406












(19,197



)









(29,856,504



)









-












(3,589,423



)



Common stock issued
for cash

































7,000,000












7,000












168,000












-












-












-












175,000






Common stock issued
for services and compensation









-












-












285,618,592












285,618












874,906












-












-












-












1,160,524






Foreign currency translation
adjustment









-












-












-












-












-












22,627












-












-












22,627






Net
income (loss)









-












-












-












-












-












-












(3,827,928



)









-












(3,827,928



)



Balance, December
31, 2019









-









$



-












3,003,490,408









$



3,003,490









$



24,618,312









$



3,430









$



(33,684,432



)






$



-









$



(6,059,200



)


















































































































Balance, March 31, 2020









-









$



-












3,214,490,408









$



3,214,490









$



28,929,516









$



(20,058



)






$



(46,382,174



)






$



-









$



(14,258,226



)



Common stock issued
for services and compensation









-












-












21,000,000












21,000












397,954












-












-












-












418,954






Share repurchase









-












-












(9,079



)









(9



)









(263



)









-












-












-












(272



)



Beneficial conversion
feature









-












-












-












-












2,000,000












-












-












-












2,000,000






Foreign currency translation
adjustment









-












-












-












-












-












636












-












-












636






Net
income (loss)









-












-












-












-












-












-












(4,913,787



)









-












(4,913,787



)



Balance, June 30, 2020









-












-












3,235,481,329












3,235,481












31,327,207












(19,422



)









(51,295,961



)









-












(16,752,695



)



Preferred stock issued
for cash









46,612












47












-












-












1,158,754












-












-












-












1,158,801






Offering costs









-












-












-












-












(20,994



)









-












-












-












(20,994



)



Common stock issued
for services and compensation









-












-












-












-












376,282












-












-












-












376,282






Common stock forfeited









-












-












(200,000,000



)









(200,000



)









(3,180,000



)









-












-












-












(3,380,000



)



Common stock repurchase









-












-












(106,000,000



)









(106,000



)









(14,000



)









-












-












-












(120,000



)



Forgiveness of accrued
payroll









-












-












-












-












373,832












-












-












-












373,832






Dividends









-












-












-












-












-












-












(52,342



)









-












(52,342



)



Foreign currency translation
adjustment









-












-












-












-












-












(4,359



)









-












-












(4,359



)



Net
income (loss)









-












-












-












-












-












-












(1,187,760



)









-












(1,187,760



)



Balance, September 30, 2020









46,612












47












2,929,481,329












2,929,481












30,021,081












(23,781



)









(52,536,063



)









-












(19,609,235



)



Preferred stock issued
for cash









8,942












9












-












-












221,905












-












-












-












221,914






Offering costs









-












-












-












-












(1,394



)









-












-












-












(1,394



)



Common stock issued
for services and compensation









-












-












257,000,000












257,000












1,941,598












-












-












-












2,198,598






Common stock issued
for debt









-












-












51,000,000












51,000












1,014,900












-












-












-












1,065,900






Contributed capital









-












-












-












-












117,805












-
























-












117,805






Beneficial conversion
feature









-












-












-












-












1,300,000












-












-












-












1,300,000






Dividends









-












-












-












-












-












-












(45,042



)









-












(45,042



)



Foreign currency translation
adjustment









-












-












-












-












-












4,451












-












-












4,451






Net
income (loss)









-












-












-












-












-












-












1,725,779












-












1,725,779






Balance, December
31, 2020









55,554









$



56












3,237,481,329









$



3,237,481









$



34,615,895









$



(19,330



)






$



(50,855,326



)






$



-









$



(13,021,224



)








The
accompanying notes are an integral part of these condensed consolidated financial statements
















5




















INVESTVIEW,
INC.








Condensed
Consolidated Statements of Cash Flows




for
the Nine Months Ended December 31, 2020 and 2019




(Unaudited)











































































































































































































































































































































































































































































































































































































































































































































































































































Nine
Months Ended December 31,












2020









2019






CASH FLOWS FROM OPERATING ACTIVITIES:



























Net loss






$



(4,375,768



)






$



(8,587,449



)



Adjustments to reconcile net loss to
net cash provided by (used in) operating activities:



























Depreciation









1,597,464












320,528






Amortization of debt discount









781,425












2,916,917






Amortization of long-term license agreement









-












113,315






Amortization of intangible assets









130,455












213,182






Stock issued for services and compensation









2,993,835












2,676,439






Loan fees on new borrowings









-












841,139






Offering costs









112












-






Lease cost, net of repayment









(998



)









5,833






(Gain) on deconsolidation









-












(53,739



)



(Gain) loss on debt extinguishment









(5,068,747



)









(1,725,384



)



(Gain) loss


on fair value of derivative liability









(291,299



)









(504,635



)



Realized (gain) loss on cryptocurrency









27,582












657






Unrealized (gain) loss on cryptocurrency









(458,037



)









(8,445



)



Impairment expense









66,645












627,452






Changes in operating assets and liabilities:



























Receivables









(165,937



)









101,792






Prepaid assets









(1,137,751



)









(313,347



)



Short-term advances









-












(135,000



)



Short-term advances from related parties









-












(7,000



)



Other current assets









(99,912



)









40,170






Deposits









2,685












(3,988



)



Accounts payable and accrued liabilities









(1,057,400



)









(1,149,438



)



Customer advance









81,845












342,205






Deferred revenue









357,226












(1,145,149



)



Other liabilities









7,596,667












9,229,393






Accrued interest









129,691












180,026






Accrued interest,
related parties









559,436












714,999






Net
cash provided by (used in) operating activities









1,669,219












4,690,473

































CASH FLOWS FROM INVESTING ACTIVITIES:



























Cash paid for
fixed assets









(2,306,402



)









(4,171,341



)



Net
cash provided by (used in) investing activities









(2,306,402



)









(4,171,341



)






























CASH FLOWS FROM FINANCING ACTIVITIES:



























Proceeds from related party payables









5,928,137












2,164,500






Repayments for related party payables









(3,521,441



)









(1,754,500



)



Proceeds from debt









1,405,300












2,177,452






Repayments for debt









(3,096,750



)









(3,801,562



)



Payments for share repurchase









(272



)









(102



)



Dividends paid









(26,868



)









-






Proceeds from the sale of stock









1,388,849












825,000






Payments for
financing costs









(22,500



)









-






Net
cash provided by (used in) financing activities









2,054,455












(389,212



)






























Effect of exchange rate translation
on cash









-












36

































Net increase (decrease) in cash, cash
equivalents, and restricted cash









1,417,272












129,956






Cash, cash equivalents,
and restricted cash - beginning of period









137,177












133,644






Cash, cash equivalents,
and restricted cash - end of period






$



1,554,449









$



263,600

































SUPPLEMENTAL DISCLOSURES OF CASH FLOW
INFORMATION:



























Cash paid during the period for:



























Interest






$


451,844








$



51,000






Income taxes






$



6,570









$



9,580






Non cash investing and financing activities:



























Prepaid assets
reclassified to fixed assets






$



2,252,568









$



-






Beneficial conversion
feature






$



3,300,000









$



1,000,000






Cancellation of shares






$



-









$



3,380,000






Changes in equity
for offering costs accrued






$



-









$



101,387






Accounts payable
reclassified as related party debt






$



-









$



75,000






Derivative liability
recorded as a debt discount






$



-









$



365,000






Recognition of
lease liability and ROU asset at lease commencement






$



-









$



131,244






Shares forfeited






$



3,380,000









$



-






Share repurchase






$



120,000









$



-






Shares issued
for debt






$



1,065,900









$



-






Dividends declared
but not yet paid






$



70,516









$



-






Forgiveness of
accrued payroll






$



373,832









$



-






APEX Lease Liability
reclassed to debt






$



19,505,025









$



-











The
accompanying notes are an integral part of these condensed consolidated financial statements














6

















INVESTVIEW,
INC.






NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS






AS
OF DECEMBER 31, 2020






(Unaudited)










NOTE
1 – ORGANIZATION AND NATURE OF BUSINESS












Organization









Investview,
Inc. (“we”, “our”, the “Company”) was incorporated on January 30, 1946, under the laws
of the state of Utah as the Uintah Mountain Copper Mining Company. In January 2005 the Company changed domicile to Nevada, and
changed its name to Voxpath Holding, Inc. In September of 2006 the Company merged The Retirement Solution Inc. through a Share
Purchase Agreement into Voxpath Holdings, Inc. and then changed its name to TheRetirementSolution.Com, Inc. In October 2008 the
Company changed its name to Global Investor Services, Inc., before changing its name to Investview, Inc., on March 27, 2012.








On
March 31, 2017, we entered into a Contribution Agreement with the members of Wealth Generators, LLC, a limited liability company
(“Wealth Generators”), pursuant to which the Wealth Generators members agreed to contribute 100% of the outstanding
securities of Wealth Generators in exchange for an aggregate of 1,358,670,942 shares of our common stock. The closing of the Contribution
Agreement was effective April 1, 2017, and Wealth Generators became our wholly owned subsidiary and the former members of Wealth
Generators became our stockholders and control the majority of our outstanding common stock.








On
June 6, 2017, we entered into an Acquisition Agreement with Market Trend Strategies, LLC, a company whose members are also former
members of our management. Under the Acquisition Agreement, we spun-off our operations that existed prior to the merger with Wealth
Generators and sold the intangible assets used in those pre-merger operations in exchange for Market Trend Strategies’ assumption
of $419,139 in pre-merger liabilities.








On
February 28, 2018, we filed a name change for Wealth Generators, LLC to Kuvera, LLC (“Kuvera”) and on May 7, 2018
we established WealthGen Global, LLC as a Utah limited liability company and a wholly owned subsidiary of Investview, Inc.










On
July 20, 2018, we entered into a Purchase Agreement with United Games Marketing LLC, a Utah limited liability company, to purchase
its wholly owned subsidiaries United Games, LLC and United League, LLC for 50,000,000 shares of our common stock.








On
November 12, 2018, we established Kuvera France, S.A.S. to handle sales of our financial education and research in the European
Union.








On
December 30, 2018, our wholly owned subsidiary S.A.F.E. Management, LLC received its registration and disclosure approval from
the National Futures Association. S.A.F.E. Management, LLC is now a New Jersey State Registered Investment Adviser, Commodities
Trading Advisor, Commodity Pool Operator, and approved for over the counter FOREX advisory services.








On
January 17, 2019, we renamed our non-operating wholly owned subsidiary WealthGen Global, LLC to SafeTek, LLC, a Utah Limited Liability
Company.








On
March 26, 2019, we established Kuvera (N.I.) LTD, a Northern Ireland entity as a wholly owned subsidiary of Kuvera, LLC, however,
to date the subsidiary has had no operations.








Effective
July 22, 2019, we renamed our non-operating wholly owned subsidiary Razor Data, LLC to APEX Tek, LLC, a Utah Limited Liability
Company.








On
January 11, 2021, we filed a name change for Kuvera, LLC to iGenius, LLC (“iGenius”) and on February 2, 2021, we filed
a name change for Kuvera (N.I.) Limited to iGenius Global LTD.









Nature
of Business









Our
portfolio of wholly owned subsidiaries operates in the financial technology (FINTECH) sector, leveraging the latest innovations
in technology for financial education, services and interactive tools. Our subsidiaries focus on delivering products that serve
individuals around the world. From personal money management, to advancements in blockchain technologies, our companies are forging
a path for individuals to take advantage of financial and technical innovations. Each of our subsidiaries are designed to work
in tandem with one another generating a worldwide presence.














7















INVESTVIEW,
INC.






NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS






AS
OF DECEMBER 31, 2020






(Unaudited)









Our
largest subsidiary is iGenius, LLC (formerly Kuvera LLC), which delivers financial education, technology and research to individuals
through a subscription-based model. iGenius, LLC provides research, education, and investment tools designed to assist the self-directed
investor in successfully navigating the financial markets. These services include research, trade alerts, and live trading rooms
that include instruction in equities, options, FOREX, ETFs, binary options, crowdfunding and cryptocurrency sector education.
In addition to trading tools and research, we also offer full education and software applications to assist the individual in
debt reduction, increased savings, budgeting, and proper tax management. Each product subscription includes a core set of trading
tools/research along with the personal finance management suite to provide an individual with complete access to the information
necessary to cultivate and manage his or her financial situation.








Kuvera
France S.A.S. is our entity in France that distributes our products and services throughout the European Union.








S.A.F.E.
Management, LLC is a Registered Investment Adviser and Commodity Trading Adviser that has been established to deliver automated
trading strategies to individuals who find they lack the time to trade for themselves. SAFE is committed to bringing innovative
trade methodologies, strategies and algorithms for all worldwide financial markets.








SAFETek,
LLC operates in the high-speed processing computing space and utilizes net generation processing technologies to focus on artificial
intelligence, data mining and blockchain technologies. SAFETek, LLC’s processing operation can be used for any of the following
intense processing activities: protein folding, CGI rendering, Game Streaming, Machine & Deep Learning, Mining, Independent
Financial Verification, and general high-speed computing. Key trending markets for Data Computation include Internet of Things,
Smart Homes, smart cities, smart devices, Artificial Intelligence, blockchain technology, Virtual Reality, 3D animation, and health
technology data to name a few.








Apex
Tek, LLC was the entity responsible for sales of the APEX program. Launched in September 2019, the APEX product pack included
hardware, firmware, software and insurance that was purchased and then leased to SAFETek LLC. We have currently ceased selling
the APEX package and bought back all leases associated with the business.








United
Games, LLC, United League, LLC, Investment Tools & Training, LLC, and iGenius Global LTD have had no operations and will
be restructured or eliminated completely as we continue to streamline operations.









NOTE
2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES












Basis
of Presentation









The
accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the rules and regulations
(Regulation S-X) of the Securities and Exchange Commission (the “SEC”) and with the instructions to Form 10-Q. Accordingly,
they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial
statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a
fair presentation have been included. The results of operations for the nine months ended December 31, 2020, are not necessarily
indicative of the operating results that may be expected for the year ending March 31, 2021. These unaudited condensed consolidated
financial statements should be read in conjunction with the March 31, 2020 consolidated financial statements and notes thereto
included in our Annual Report on Form 10-K for the year ended March 31, 2020.









Principles
of Consolidation









The
consolidated financial statements include the accounts of Investview, Inc., and our wholly owned subsidiaries: iGenius, LLC (formerly
Kuvera, LLC), Kuvera France S.A.S., Apex Tek, LLC (formerly Razor Data, LLC), SafeTek, LLC (formerly WealthGen Global, LLC), S.A.F.E.
Management, LLC, United Games, LLC, United League, LLC, Investment Tools & Training, LLC, and iGenius Global LTD (formerly
Kuvera (N.I.) LTD). Through March 31, 2019 we had determined that one affiliated entity, Kuvera LATAM S.A.S., which we previously
conducted business with, was a variable interest entity and we were the primary beneficiary of the entity’s activities,
which, at the time, were similar to those of Kuvera, LLC (now iGenius, LLC). As a result, through March 31, 2019 we had consolidated
the accounts of this variable interest entity into the consolidated financial statements. Further, because the Company did not
have any ownership interest in this variable interest entity, the Company had allocated the contributed capital in the variable
interest entity as a component of noncontrolling interest. As of April 1, 2019, Kuvera LATAM S.A.S. had no operations and
ceased to exist, therefore, as of that date, no consolidation of the entity was necessary and we recorded a gain on deconsolidation
of $53,739 to eliminate the intercompany account with Kuvera LATAM S.A.S. All intercompany transactions and balances have been
eliminated in consolidation.














8















INVESTVIEW,
INC.






NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS






AS
OF DECEMBER 31, 2020






(Unaudited)










Financial
Statement Reclassification











Certain
account balances from prior periods have been reclassified in these consolidated financial statements to conform to current period
classifications.









Use
of Estimates









The
preparation of these unaudited condensed consolidated financial statements in conformity with generally accepted accounting principles
requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure
of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses
during the reporting period. Actual results could differ from those estimates.





Further, it should be noted that because
there is currently no specific definitive guidance under GAAP, or any alternative accounting framework, for the accounting for
cryptocurrencies recognized as revenue or held, we have exercised significant judgment in determining the appropriate accounting
treatment for our cryptocurrency transactions. In the event authoritative guidance is enacted by the FASB, we may be required
to change our policies, which could have an effect on our consolidated financial position and results from operations.













Foreign
Exchange











We
have consolidated the accounts of Kuvera France S.A.S. into our consolidated financial statements. The operations of Kuvera France
S.A.S. are conducted in France and its functional currency is the Euro.








The
financial statements of Kuvera France S.A.S. are prepared using their functional currency and have been translated into U.S. dollars
(“USD”). Assets and liabilities are translated into USD at the applicable exchange rates at period-end. Stockholders’
equity is translated using historical exchange rates. Revenue and expenses are translated at the average exchange rates for the
period. Any translation adjustments are included as foreign currency translation adjustments in accumulated other comprehensive
income in our stockholders’ equity (deficit).








The
following rates were used to translate the accounts of Kuvera France S.A.S. into USD at the following balance sheet dates.



































December
31, 2020









March
31, 2020






Euro to USD









1.22160












1.10314











The
following rates were used to translate the accounts of Kuvera France S.A.S. into USD for the following operating periods.









































Nine
Months Ended December 30,












2020









2019






Euro to USD









1.15480












1.11443














Restricted
Cash











The
following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the balance sheet that
sum to the total of the same such amounts shown in the statement of cash flows.




































































December
31, 2020









March
31, 2020






Cash and cash equivalents






$



1,110,960









$



137,177






Restricted cash, current









180,550












-






Restricted
cash, long term









262,939












-






Total cash,
cash equivalents, and restricted cash shown on the statement of cash flows






$



1,554,449









$



137,177











Amount
included in restricted cash represent funds required to be held in an escrow account by a contractual agreement and will be used
for paying dividends to our Series B Preferred Stock holders.
















9

















INVESTVIEW,
INC.






NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS






AS
OF DECEMBER 31, 2020






(Unaudited)












Cryptocurrencies









We
hold cryptocurrency-denominated assets (“cryptocurrencies”) and include them in our consolidated balance sheet as
other current assets. We record cryptocurrencies at fair market value and recognize the change in the fair value of our cryptocurrencies
as an unrealized gain or loss in the consolidated statements of operations. As of December 31, 2020 and March 31, 2020
the fair value of our cryptocurrencies was $655,059 and $96,022, respectively. During the nine months ended December 31, 2020
we recorded $(27,582) and $458,037 as a total realized and unrealized gain (loss) on cryptocurrency, respectively. During the
nine months ended December 31, 2019 we recorded $(657) and $8,445 as a total realized and unrealized gain (loss) on cryptocurrency,
respectively. During the three months ended December 31, 2020 we recorded $(28,678) and $281,220 as a total realized and unrealized
gain (loss) on cryptocurrency, respectively. During the three months ended December 31, 2019 we recorded $10 and $(16,885) as
a total realized and unrealized gain (loss) on cryptocurrency, respectively.









Fixed
Assets









Fixed
assets are stated at cost and depreciated using the straight-line method over their estimated useful lives. When retired or otherwise
disposed, the carrying value and accumulated depreciation of the fixed asset is removed from its respective accounts and the net
difference less any amount realized from disposition is reflected in earnings. Expenditures for maintenance and repairs which
do not extend the useful lives of the related assets are expensed as incurred.








As
of December 31, 2020 fixed assets were made up of the following:





















































































































Estimated





















Useful





















Life





















(years)









Value






Furniture, fixtures, and
equipment









10









$



12,792






Computer equipment









3












21,143






Data processing
equipment









3












7,684,627



























7,718,562






Accumulated depreciation as of
December 31, 2020





















(1,826,090



)



Net book value, December 31, 2020


















$



5,892,472











Total
depreciation expense for the nine months ended December 31, 2020 and 2019, was $1,597,464 and $320,528, respectively.









Long-Lived
Assets – Intangible Assets & License Agreement









We
account for our intangible assets and long-term license agreement in accordance with ASC Subtopic 350-30, General Intangibles
Other Than Goodwill, and ASC Subtopic 360-10-05, Accounting for the Impairment or Disposal of Long-Lived Assets. ASC Subtopic
350-30 requires assets to be measured based on the fair value of the consideration given or the fair value of the assets (or net
assets) acquired, whichever is more clearly evident and, thus, more reliably measurable. Further, ASC Subtopic 350-30 requires
an intangible asset to be amortized over its useful life and for the useful life to be evaluated every reporting period to determine
whether events or circumstances warrant a revision to the remaining period of amortization. If the estimate of useful life is
changed the remaining carrying amount of the intangible asset is amortized prospectively over the revised remaining useful life.
Costs of internally developing, maintaining, or restoring intangible assets are recognized as an expense when incurred.








In
June of 2017 we issued 80,000,000 shares of common stock with a value of $2,256,000 for a 15-year license agreement. Amortization
recognized for the nine months ended December 31, 2020 and 2019 was $0 and $113,315, respectively, and the long-term license agreement
was recorded at a net value of $0 as of December 31, 2020 and March 31, 2020 due to the asset being impaired as of March 31, 2020.








In
June of 2018 we purchased United Games, LLC and United League, LLC and recorded the transaction as a business combination. Intangible
assets acquired in the business combination were recorded at fair value on the date of acquisition and are being amortized on
a straight-line method over their estimated useful lives. As of December 31, 2020 intangible assets were made up of the following:














10















INVESTVIEW,
INC.






NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS






AS
OF DECEMBER 31, 2020






(Unaudited)

































































































































Estimated





















Useful





















Life





















(years)









Value






FireFan mobile application









4









$



331,000






Back office software









10












408,000






Tradename/trademark - FireFan









5












248,000






Tradename/trademark
- United Games









0.45












4,000



























991,000






Accumulated amortization as of
December 31, 2020





















(428,573



)



Net book value, December 31, 2020


















$



562,427











Amortization
expense for the nine months ended December 31, 2020 and 2019 was $130,455 and $213,182, respectively. Amortization expense is
expected to be as follows:


























































Remainder of 2021






$



42,694






Fiscal year ending March 31, 2022









173,150






Fiscal year ending March 31, 2023









173,150






Fiscal year ending March 31, 2024









32,589






Fiscal year ending March 31, 2025









6,148






Fiscal year
ending March 31, 2026 and beyond









134,696












$



562,427












Impairment
of Long-Lived Assets









We
have adopted ASC Subtopic 360-10, Property, Plant and Equipment (“ASC 360-10”). ASC 360-10 requires that long-lived
assets and certain identifiable intangibles held and used by the Company be reviewed for impairment whenever events or changes
in circumstances indicate that the carrying amount of an asset may not be recoverable or when the historical cost carrying value
of an asset may no longer be appropriate. Events relating to recoverability may include significant unfavorable changes in business
conditions, recurring losses, or a forecasted inability to achieve break-even operating results over an extended period.








We
evaluate the recoverability of long-lived assets based upon future net cash flows expected to result from the asset, including
eventual disposition. Should impairment in value be indicated, the carrying value of intangible assets will be adjusted and an
impairment loss is recorded equal to the difference between the asset’s carrying value and fair value or disposable value.








During
the nine months ended December 31, 2020 we fully impaired data processing equipment that had a cost basis of $84,939 and we fully
impaired a computer that had a cost basis of $1,609 because the assets were no longer in use. The accumulated depreciation of
the assets at the time they were written off was $19,903, therefore we recognized impairment expense of $66,645 for the nine months
ended December 31, 2020. During the nine months ended December 31, 2019 we impaired the value of the customer contracts/relationships
originally acquired in our purchase of United Games, LLC and United League, LLC, therefore recognizing impairment expense of $627,452.









Fair
Value of Financial Instruments











Fair
value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction
between market participants at the measurement date, based on our principal or, in the absence of a principal, most advantageous
market for the specific asset or liability.








U.S.
generally accepted accounting principles provide for a three-level hierarchy of inputs to valuation techniques used to measure
fair value, defined as follows:














11















INVESTVIEW,
INC.






NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS






AS
OF DECEMBER 31, 2020






(Unaudited)




























Level
1:



Inputs
that are quoted prices (unadjusted) for identical assets or liabilities in active markets that the entity can access.















Level
2:



Inputs
other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly,
for substantially the full term of the asset or liability, including:
































-



quoted
prices for similar assets or liabilities in active markets;






-



quoted
prices for identical or similar assets or liabilities in markets that are not active;






-



inputs
other than quoted prices that are observable for the asset or liability; and






-



inputs
that are derived principally from or corroborated by observable market data by correlation or other means.

















Level
3:



Inputs
that are unobservable and reflect management’s own assumptions about the inputs market participants would use in pricing
the asset or liability based on the best information available in the circumstances (e.g., internally derived assumptions
surrounding the timing and amount of expected cash flows).








Our
financial instruments consist of cash, accounts receivable, accounts payable, and debt. We have determined that the book value
of our outstanding financial instruments as of December 31, 2020 and March 31, 2020, approximates the fair value due to their
short-term nature or interest rates that approximate prevailing market rates.








Items
recorded or measured at fair value on a recurring basis in the accompanying consolidated financial statements consisted of the
following items as of December 31, 2020:





























































































































Level
1









Level
2









Level
3









Total






Cryptocurrencies






$



655,059









$



-









$



-









$



655,059






Total Assets






$



655,059









$



-









$



-









$



655,059

























































Derivative liability






$



-









$



-









$



41,390









$



41,390






Total Liabilities






$



-









$



-









$



41,390









$



41,390











Items
recorded or measured at fair value on a recurring basis in the accompanying consolidated financial statements consisted of the
following items as of March 31, 2020:





























































































































Level
1









Level
2









Level
3









Total






Cryptocurrencies






$



96,022









$



-









$



-









$



96,022






Total Assets






$



96,022









$



-









$



-









$



96,022

























































Derivative liability






$



-









$



-









$



793,495









$



793,495






Total Liabilities






$



-









$



-









$



793,495









$



793,495












Sale
and Leaseback











Through
our wholly-owned subsidiary, APEX Tex, LLC, we sold high powered data processing equipment (“APEX”) to our customers
and they leased the equipment back to SAFETek, LLC, another of our wholly-owned subsidiaries. We accounted for these transactions
under ASC 842-40 where the leaseback has been deemed a sales-type lease due to the lease term generally covering the entire economic
life of the equipment and our likelihood to purchase the asset at the end of the lease term. In accordance with ASC 842-40 we
recorded the data processing equipment as a fixed asset on our balance sheet and we accounted for the amounts received for the
equipment as a financial liability, in other liabilities on our balance sheet. Further, we recognized interest on the financial
liability over the term of the lease to ensure the financial liability equates to the total amounts to be paid over the life of
the lease.








On
June 30, 2020, we temporarily discontinued the APEX program to assess the delays, audit the transaction and determine our ability
to meet the lease commitments. The assessment took place in July and August and indicated we would not be able to meet the APEX
lease obligations and would be in default to the lease holders. In September, our board of directors voted to approve a buyback
program wherein all APEX purchasers were offered a 48-month promissory note to ensure a 125% return of their purchase price in
exchange for cancellation of the lease and our purchase of all rights and obligations under the lease. The buyback program also
ensured all APEX purchasers were able to purchase a protection plan from a third-party provider, wherein each purchaser could
protect their initial purchase price and obtain 50% of their APEX purchase price at five years or 100% of the APEX purchase price
at ten years. As a result of the buyback program we were able to enter into notes with third parties totaling $19,149,500 (see
NOTE 6) and notes with related parties of $237,720 (see NOTE 5) in exchange for $474,155 worth of customer advances on the APEX
leases and $22,889,331 of the net APEX lease liability (see table below). The exchange resulted in a gain on settlement of debt
of $117,805 with related parties, recorded as contributed capital (see NOTE 8) and a gain on settlement of debt of $3,858,461
with third parties, recorded on our income statement.














12















INVESTVIEW,
INC.






NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS






AS
OF DECEMBER 31, 2020






(Unaudited)









During
the nine months ended December 31, 2020 we had the following activity related to our sale and leaseback transactions:


































































































































































































Total
Financial Liability









Contra-Liability









Net
Financial Liability









Current
[1]









Long
Term






Balance as of March 31, 2020






$



53,828,000









$



(38,535,336



)






$



15,292,664









$



11,407,200









$



3,885,464






Proceeds from sales of APEX









5,001,623












-












5,001,623






























Interest recorded on financial liability









8,348,378












(8,348,378



)









-






























Payments made for leased equipment









(2,145,900



)









-












(2,145,900



)



























Interest expense









-












4,740,944












4,740,944






























Lease buyback
and cancellation









(65,032,101



)









42,142,770












(22,889,331



)



























Balance as of December 31, 2020






$



-









$



-









$



-









$



-









$



-











[1]
Represented lease payments that were to be made in the subsequent 12 months











Revenue
Recognition









Subscription
Revenue








The
majority of our revenue is generated by subscription sales and payment is received at the time of purchase. We recognize subscription
revenue in accordance with ASC 606-10 where revenue is measured based on a consideration specified in a contract with a customer
and recognized when we satisfy the performance obligation specified in each contract. Our performance obligation is to provide
services over a fixed subscription period; therefore, we recognize revenue ratably over the subscription period and deferred revenue
is recorded for the portion of the subscription period subsequent to each reporting date. Additionally, we offer a 10-day trial
period to first time subscription customers, during which a full refund can be requested if a customer does not like the product.
Revenues are deferred during the trial period as collection is not probable until that time has passed. Revenues are presented
net of refunds, sales incentives, credits, and known and estimated credit card chargebacks.








Mining
Revenue








Through
our wholly owned subsidiary, SAFETek, LLC, we lease equipment under a sales-type lease and use the equipment on blockchain networks
to validate and add blocks of transactions to blockchain ledgers (commonly referred to as “mining”). As compensation
for mining we are issued fees from processors and/or block rewards that are newly created cryptocurrency units granted to us.
Our mining activities constitute our ongoing major and central operations of SAFETek, LLC. Because we do not have contracts, nor
do we have customers associated with our mining revenue, we recognize revenue when fees and/or rewards are settled, or ultimately
granted to us as a result of our mining activities.








Fee
Revenue








We
generate fee revenue from our customers through SAFE Management, our subsidiary licensed as a Registered Investment Advisor and
Commodities Trading Advisor. We recognize fee revenue in accordance with ASC 606-10 where revenue is measured based on a consideration
specified in a contract with a customer and recognized when we satisfy the performance obligation specified in each contract.
Our performance obligation is to deliver fully managed trading services to individuals who do not meet the requirements of Qualified
Investors and who lack the time to trade for themselves. We recognize fee revenue as our performance obligation is met and we
receive payment for such advisory fees in the month following recognition.














13















INVESTVIEW,
INC.






NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS






AS
OF DECEMBER 31, 2020






(Unaudited)









Revenue
generated for the nine months ended December 31, 2020 is as follows:























































































Subscription


Revenue









Mining
Revenue









Fee
Revenue









Total






Gross billings/receipts






$



14,205,328









$



7,863,649









$



10,675









$



22,079,652






Refunds, incentives,
credits, and chargebacks









(861,461



)









-












-












(861,461



)



Net revenue






$



13,343,867









$



7,863,649









$



10,675









$



21,218,191











For
the nine months ended December 31, 2020 foreign and domestic revenues were approximately $12.6 million and $8.6 million, respectively.








Revenue
generated for the nine months ended December 31, 2019 is as follows:























































































Subscription


Revenue









Mining
Revenue









Fee
Revenue









Total






Gross billings/receipts






$



21,214,747









$



380,871









$



9,486









$



21,605,104






Refunds, incentives,
credits, and chargebacks









(1,887,656



)









-












-












(1,887,656



)



Net revenue






$



19,327,091









$



380,871









$



9,486









$



19,717,448











For
the nine months ended December 31, 2019 foreign and domestic revenues were approximately $18.3 million and $1.5 million, respectively.








Revenue
generated for the three months ended December 31, 2020 is as follows:























































































Subscription


Revenue









Mining
Revenue









Fee
Revenue









Total






Gross billings/receipts






$



4,046,213









$



4,027,364









$



2,952









$



8,076,529






Refunds, incentives,
credits, and chargebacks









(201,491



)









-












-












(201,491



)



Net revenue






$



3,844,722









$



4,027,364









$



2,952









$



7,875,038











For
the three months ended December 31, 2020 foreign and domestic revenues were approximately $7.4 million and $433,000, respectively.








Revenue
generated for the three months ended December 31, 2019 is as follows:























































































Subscription


Revenue









Mining
Revenue









Fee
Revenue









Total






Gross billings/receipts






$



5,096,886









$



380,871









$



4,117









$



5,481,874






Refunds, incentives,
credits, and chargebacks









(518,263



)









-












-












(518,263



)



Net revenue






$



4,578,623









$



380,871









$



4,117









$



4,963,611











For
the three months ended December 31, 2019 foreign and domestic revenues were approximately $4.3 million and $637,000, respectively.









Net
Income (Loss) per Share









We
follow ASC subtopic 260-10, Earnings per Share (“ASC 260-10”), which specifies the computation, presentation, and
disclosure requirements of earnings per share information. Basic loss per share has been calculated based upon the weighted average
number of common shares outstanding. Convertible debt, stock options, and warrants have been excluded as common stock equivalents
in the diluted loss per share because their effect is anti-dilutive on the computation.








Potentially
dilutive securities excluded from the computation of basic and diluted net loss per share are as follows:




































































December
31,


2020









December
31,


2019






Options to purchase common stock









-












-






Warrants to purchase common
stock









277,770












125,000






Notes convertible
into common stock









481,810,758












11,080,447






Totals









482,088,528












11,205,447

















14















INVESTVIEW,
INC.






NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS






AS
OF DECEMBER 31, 2020






(Unaudited)










Lease
Obligation











We

determine if an arrangement is a lease at inception. Operating leases are included in the
operating lease right-of-use asset account, the operating lease liability, current account, and the operating lease liability,
long term account in our balance sheet. Right-of-use assets represent our right to use an underlying asset for the lease term
and lease liabilities represent our obligation to make lease payments arising from the lease.









Operating
lease right-of-use assets and liabilities are recognized at commencement date based on the present value of lease payments over
the lease term. For leases in which the rate implicit in the lease is not readily determinable, we use our incremental borrowing
rate based on the information available at commencement date in determining the present value of lease payments.


We
have elected to not apply the recognition requirements of ASC 842 to short-term leases (leases with terms of twelve months or
less).

Lease terms include options to extend or terminate the lease when it is reasonably
certain that we will exercise that option. Lease expense for operating lease arrangements is recognized on a straight-line basis
over the lease term. We have elected the practical expedient and will not separate non-lease components from lease components
and will instead account for

each separate lease component and non-lease component associated with the lease components
as a single lease component.









NOTE
3 – RECENT ACCOUNTING PRONOUNCEMENTS









There
are no recently issued accounting pronouncements that the Company has not yet adopted that they believe are applicable or would
have a material impact on the financial statements of the Company.









NOTE
4 – GOING CONCERN AND LIQUIDITY









Our
financial statements are prepared using generally accepted accounting principles applicable to a going concern that contemplates
the realization of assets and liquidation of liabilities in the normal course of business. We have incurred significant recurring
losses, which have resulted in an accumulated deficit of $50,855,326 as of December 31, 2020, along with a net loss of $4,375,768
for the nine months ended December 31, 2020. Additionally, as of December 31, 2020, we had a working capital deficit of $4,713,286.
These factors raise substantial doubt about our ability to continue as a going concern.








Historically
we have relied on increasing revenues and new debt and equity financing to pay for operational expenses and debt as it came due.
During the nine months ended December 31, 2020, we raised $1,405,300 in cash proceeds from new debt arrangements and raised $5,928,137
in cash proceeds from related parties. Additionally, net cash provided by operations was $1,669,219 for the nine months ended
December 31, 2020. Subsequent to December 31, 2020, we received gross proceeds of $432,475 in connection with our Unit
Offering (see NOTE 11). Additionally, subject to a Securities Purchase agreement entered into in April 2020 and amended in
November 2020, we have a commitment from a related party investor to purchase an additional $7.7 million in
promissory notes on or before August 31, 2021, subject to certain conditions.








On
January 30, 2020, the World Health Organization declared the coronavirus outbreak a “Public Health Emergency of International
Concern” and on March 11, 2020, declared it to be a pandemic. Actions taken around the world to help mitigate the spread
of the coronavirus include restrictions on travel, and quarantines in certain areas, and forced closures for certain types of
public places and businesses. The coronavirus and actions taken to mitigate the spread of it have had and are expected to continue
to have an adverse impact on the economies and financial markets of many countries, including the geographical area in which the
Company operates. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was enacted to amongst
other provisions, provide emergency assistance for individuals, families and businesses affected by the coronavirus pandemic.
It is unknown how long the adverse conditions associated with the coronavirus will last and what the complete financial effect
will be to the company.






During
the nine months ended December 31, 2020 COVID negatively impacted our distribution channel as all of our distributors were unable
to conduct in person meetings, trainings, or events. The distributors did hold on-line events, virtual meetings and ultimately
stabilized our subscription sales. Further, our APEX program, administered by APEX Tek, LLC, could not sustain operations nor
withstand the worldwide supply issues experienced by COVID. As a result, the Company was forced to permanently cancel the APEX
program. While SAFETek, LLC will continue to operate our digital mining operations, we have entered buy back agreements for each
of the APEX leases.














15















INVESTVIEW,
INC.






NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS






AS
OF DECEMBER 31, 2020






(Unaudited)









During
the year ended March 31, 2020 we made significant strides and wide sweeping changes. While we believe they will be beneficial
to our bottom line, there is no assurance of this. Some of the concerns we face going forward will continue, including but not
limited to:



















































Supply
chain issues for Apex Tek, LLC and the sourcing of miners due to the worldwide COVID pandemic and manufacturing slow downs
caused us to permanently discontinue the APEX program and may leas to the closure of APEX Tek, LLC



















SAFETek,
LLC operations not scaling according to projections with decreased output due to mining difficulty and operational cost



















Regulatory
reform that could adversely impact the use and demand of digital currencies



















The
recent Bitcoin (BTC) halving event that further reduced mining output in addition to the supply chain issues








While
our liabilities are larger than our assets it is important to note that we seek to further reduce our operating expense. The assets
we have acquired and will continue to seek out are those of technology, mobile apps, and human resources. These assets are not
easily defined on our balance sheet but represent our ability to carry out our objectives which we believe will ultimately lead
to positive cash flow, reduced debt and then profitability.








Accordingly,
the accompanying financial statements have been prepared in conformity with accounting principles generally accepted in the United
States of America, which contemplate our continuation as a going concern and the realization of assets and satisfaction of liabilities
in the normal course of business. The carrying amounts of assets and liabilities presented in the financial statements do not
necessarily purport to represent realizable or settlement values. The financial statements do not include any adjustment that
might result from the outcome of this uncertainty.









NOTE
5 – RELATED-PARTY TRANSACTIONS









Our
related-party payables consisted of the following:

















































































































































December
31,


2020









March
31,


2020






Short-term advances [1]






$



350,000









$



876,427






Promissory Note entered into on 1/30/20
[2]









1,183,606












1,033,333






Convertible Promissory Note entered
into on 4/27/20, net of debt discount of $1,211,720 as of December 31, 2020 [3]









88,280












-






Convertible Promissory Note entered
into on 5/27/20, net of debt discount of $657,869 as of December 31, 2020 [4]









42,131












-






Convertible Promissory Note entered
into on 11/9/20, net of debt discount of $1,280,440 and including $72,675 of accrued interest as of December 31, 2020 [5]









92,236












-






Accounts payable – related party
[6]









105,000












55,000






Notes for APEX lease buyback [7]









172,000












-






Promissory note
entered into on 12/15/20, net of debt discount of $438,175 [8]









141,825












-






Total related-party debt









2,175,078












1,964,760






Less: Current
portion [9]









(2,025,106



)









-






Related-party
debt, long term






$



149,972









$



1,964,760










































[1]



We
periodically receive advances for operating funds from our current majority shareholders and other related parties, including
entities that are owned, controlled, or influenced by our owners or management. These advances are due on demand and are unsecured.
During the nine months ended December 31, 2020, we received $2,406,137 in cash proceeds from advances, incurred $76,649 in
interest expense on the advances, and repaid related parties $3,037,883.









[2]



We
entered into a $1,000,000 promissory note with Joseph Cammarata, our Chief Executive Officer, on January 30, 2020. The
note is collateralized by 62.5 million of our common shares. The term of the note was one year, which was amended on January
30, 2021 to have a due date of February 28, 2021, at which time the principal and interest of 20%, or $200,000 will be due.
During the nine months ended December 31, 2020 we recognized $150,273 of interest expense on the note.














16















INVESTVIEW,
INC.






NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS






AS
OF DECEMBER 31, 2020






(Unaudited)






























































[3]



On
April 27, 2020 we received proceeds of $1,300,000 from DBR Capital, LLC, an entity controlled by members of our Board of Directors,
and entered into a convertible promissory note. The note is secured by shares held by officers and majority shareholders
of the Company. The note
bears interest at 20% per annum, payable monthly, and the principal is due and payable on April 27, 2030. Per the original
terms of the agreement the note was convertible into common stock at a conversion price of $0.01257 per share, which was amended
on November 9, 2020 to reduce the conversion price to $0.007 per share. At inception we recorded a beneficial conversion feature
and debt discount of $1,300,000 (see NOTE 8). During the nine months ended December 31, 2020 we recognized $88,280 of the
debt discount into interest expense as well as expensed an additional $176,224 of interest expense on the note, all of which
was repaid during the period.









[4]



On
May 27, 2020 we received proceeds of $700,000 from DBR Capital, LLC, an entity controlled by members of our Board of Directors,
and entered into a convertible promissory note. The note is secured by shares held by officers and majority shareholders
of the Company. The note bears interest at 20% per annum, payable monthly, and the principal is due and payable on April
27, 2030. Per the original terms of the agreement the note was convertible into common stock at a conversion price of $0.01257
per share, which was amended on November 9, 2020 to reduce the conversion price to $0.007 per share. At inception we recorded
a beneficial conversion feature and debt discount of $700,000 (see NOTE 8). During the nine months ended December 31, 2020
we recognized $42,131 of the debt discount into interest expense as well as expensed an additional $83,615 of interest expense
on the note, all of which was repaid during the period.









[5]



On
November 9, 2020 we received proceeds of $1,300,000 from DBR Capital, LLC, an entity controlled by members of our Board of
Directors, and entered into a convertible promissory note. The note is secured by shares held by officers and majority
shareholders of the Company. The note bears interest at 38.5% per annum, made up of a 25% interest rate per annum and
a facility fee of 13.5% per annum, payable monthly beginning February 1, 2021, and the principal is due and payable on April
27, 2030. Per the terms of the agreement the note is convertible into common stock at a conversion price of $0.007 per share.
At inception we recorded a beneficial conversion feature and debt discount of $1,300,000 (see NOTE 8). During the nine months
ended December 31, 2020 we recognized $19,560 of the debt discount into interest expense as well as expensed an additional
$72,675 of interest expense on the note, none of which was repaid during the period.









[6]



During
the nine months ended December 31, 2020 we paid $40,000 to an accounting firm owned by our Chief Financial Officer to reduce
amounts previously owed ($55,000 as of March 31, 2020). We also incurred $68,000 to reimburse DBR Capital, LLC, for amounts
paid on our behalf. The entire amount was repaid during the nine months ended December 31, 2020. Also during the nine months
ended December 31, 2020 we repurchased 106,000,000 shares of our common stock from CR Capital Holdings, LLC, a shareholder
that owns over 10% of our outstanding stock, for $120,000 (see NOTE 8). We agreed to pay $10,000 per month for the repurchase,
therefore during the nine months ended December 31, 2020 we repaid $30,000 of the debt.









[7]



During
the year ended March 31, 2020 we sold 83 APEX units to related parties for proceeds of $182,720, $100,000 of which was offset
against short term advances that has been provided to us. Under the same terms of all other APEX unit sales, the 83 units
were to pay out $500 per month for 60 months, resulting in a total amount to be repaid of $2,490,000. During the year ended
March 31, 2020 we made 238 lease payments to these related parties, or $119,000, reducing the total amount to be repaid to
$2,371,000 as of March 31, 2020. The liability, net of discounts, was presented as part of the total APEX financial liability
on the balance sheet at March 31, 2020. During the nine months ended December 31, 2020 we made $126,100 worth of lease payments
to related parties. In September of 2020 we initiated the APEX buyback program and agreed to pay our related parties $237,720
in exchange for all rights and obligations under the APEX lease (see NOTE 2). At the time of the buyback the liability owed
to related parties was $355,525, which was equal to a total liability of $2,244,900 offset by a contra-liability of $1,889,375,
thus we recorded a gain on the extinguishment of debt of $117,805 as contributed capital (see NOTE 8). After the buyback we
repaid our related parties $65,720 of the $237,720 owed.









[8]



On
December 15, 2020 we received proceeds of $154,000 from Wealth Engineering, an entity controlled by members of our management
team and Board of Directors, and entered into a promissory note for $600,000. The term of the note requires monthly repayments
of $20,000 per month for 30 months. At inception we recorded a debt discount of $446,000 representing the difference between
the cash received and the total amount to be repaid. During the nine months ended December 31, 2020 we recognized $7,825 of
the debt discount into interest expense and made one monthly repayment of $20,000.









[9]



Represents
payments that are to be made in the subsequent 12 months
















17

















INVESTVIEW,
INC.






NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS






AS
OF DECEMBER 31, 2020






(Unaudited)












NOTE
6 – DEBT









Our
debt consisted of the following:


















































































































































































December
31,


2020









March
31,


2020






Short-term advance received
on 8/31/18 [1]






$



5,000









$



65,000






Secured merchant agreement for future
receivables entered into on 8/16/19 and


refinanced on 12/10/19 [2]









-












1,223,615






Secured merchant agreement for future
receivables entered into on 8/16/19 [3]









-












260,090






Convertible promissory note entered
into on 3/5/20 [4]









-












13,072






Convertible promissory note entered
into on 3/11/20 [5]









-












7,549






Short-term advance received on 3/25/20
[6]









81,250












150,000






Promissory note entered into on 4/10/20
[7]









-












-






Note issued under the Paycheck Protection
Program on 4/17/20 [8]









508,872












-






Loan with the U.S. Small Business Administration
dated 4/19/20 [9]









513,048












-






Long term notes for APEX lease buyback
[10]









17,137,774












-






Short-term note
for APEX lease buyback [11]









30,000












-






Total debt









18,275,944












1,719,326






Less: Current
portion [12]









(3,349,987



)









-






Debt, long term
portion






$



14,925,957









$



1,719,326








































































[1]



In
August 2018, we received a $75,000 short-term advance. The advance is due on demand, has no interest rate, and is unsecured.
During the nine months ended December 31, 2020 we made repayments of $60,000 on the debt.









[2]



During
August 2019, we entered into a Secured Merchant Agreement for future receivables with an entity that provides quick access
to working capital. On August 15, 2019, we received proceeds from this arrangement of $339,270 after paying off $316,093 and
$297,033 from two separate February 2018 agreements. In accordance with the terms of the new agreement, we were required to
repay $1,399,000 by making daily ACH payments of $6,823. Accordingly, we recorded $446,604 as a debt discount at the inception
of the agreement, which was the difference between the funds received plus the earlier debt paid off, and the amount that
was to be repaid.












Effective
December 10, 2019 this debt was refinanced and the outstanding balance of $839,514 was rolled into a new Secured Merchant
Agreement for future receivables. Prior to the refinance, we repaid $559,486 and amortized $446,605 into interest expense
related to the August 2019 arrangement. As a result of the refinancing arrangement we received proceeds of $854,801. In accordance
with the terms of the agreement, we were required to repay $2,448,250 by making daily ACH payments of $10,999. Accordingly,
we recorded $753,935 as a debt discount at the inception of the agreement, which was the difference between the funds received
plus the earlier debt paid off, and the amount that was to be repaid. During the year ended March 31, 2020, after the refinance,
we repaid $747,932 and amortized $277,232 into interest expense related to the new December 2019 agreement. During the nine
months ended December 31, 2020 we amortized $442,894 into interest expense and repaid $1,071,996 to pay the debt off in full,
which resulted in a gain on settlement of debt being recorded for $594,513.





[3]



During
August 2019, we entered into a Secured Merchant Agreement for future receivables with an entity that provides quick access
to working capital. In August 2019, we received proceeds from this arrangement of $418,381 after paying off $382,000 from
an October 2018 agreement. In accordance with the terms of the agreement, we were required to repay $1,189,150 by making daily
ACH payments of $5,801. Accordingly, we recorded $388,769 as a debt discount at the inception of the agreement, which was
the difference between the funds received plus the earlier debt paid off, and the amount that was to be repaid. During the
year ended March 31, 2020, we repaid $853,203 and amortized $312,912 into interest expense. During the nine months ended December
31, 2020 we repaid $330,013, recorded a $5,934 gain on settlement of debt, and amortized $75,857 into interest expense









[4]



In
March 2020, we entered into a Convertible Promissory Note and received proceeds of $200,000 after incurring loan fees of $3,000.
The note incurred interest at 10% per annum and had a maturity date of June 2, 2021. The Convertible Promissory Note had a
variable conversion rate that was 65% of the average of the two lowest trading prices during the previous 15-trading-day period,
subject to adjustment. Therefore, the conversion feature was accounted for as a derivative instrument (see NOTE 7). At inception,
we recorded a debt discount of $203,000 and captured loan fees, recorded as interest expense, of $116,077. During the year
ended March 31, 2020, we amortized $11,626 into interest expense, and recorded additional interest expense on the note of
$1,446. During the nine months ended December 31, 2020, we amortized $59,916 into interest expense, and recorded additional
interest expense on the note of $7,453 before we repaid the note in full for $262,649 and wrote off the derivative liability
associated with the debt of $265,584 (see NOTE 7), resulting in a net gain on settlement of debt being recorded for $83,376.









[5]



In
March 2020, we entered into a Convertible Promissory Note and received proceeds of $150,000 after incurring loan fees of $3,000.
The note incurred interest at 10% per annum and had a maturity date of June 10, 2021. The Convertible Promissory Note had
a variable conversion rate that was 65% of the average of the two lowest trading prices during the previous 15-trading-day
period, subject to adjustment. Therefore, the conversion feature was accounted for as a derivative instrument (see NOTE 7).
At inception, we recorded a debt discount of $153,000 and captured loan fees, recorded as interest expense, of $148,432. During
the year ended March 31, 2020, we amortized $6,711 into interest expense, and recorded additional interest expense on the
note of $838. During the nine months ended December 31, 2020, we amortized $44,960 into interest expense and recorded additional
interest expense on the note of $5,617 before we repaid the note in full for $197,351 and wrote off the derivative liability
associated with the debt of $203,357 (see NOTE 7), resulting in a net gain on settlement of debt being recorded for $64,132.














18















INVESTVIEW,
INC.






NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS






AS
OF DECEMBER 31, 2020






(Unaudited)




































[6]



In
March 2020, we received a $150,000 short-term advance. The advance is due on demand, has no interest rate, and is unsecured.
During the nine months ended December 31, 2020 we made repayments of $68,750 on the debt.









[7]



In
April 2020, we received proceeds of $400,000 after entering into a promissory note that is due six months from the funding
date. Under the note six interest only payments of $16,667 are to be made on the 20

th

of each month beginning in
May 2020. Collateral for the note, in priority order, is: the reserve and current balance in one of our merchant accounts,
the reserve account in a second separate merchant accounts, shares of our common stock, and high-speed computer processing
equipment. During the nine months ended December 31, 2020 we recorded $100,002 worth of interest expense and made repayments
of $500,002.









[8]



In
April 2020 we received $505,300 in proceeds from the Paycheck Protection Program as established by the CARES Act as a result
of a Note entered into with the U.S. Small Business Administration (“SBA”). The note has an interest rate of 1%
and matures on April 1, 2022. Under the Note we were required to make monthly payments beginning November 1, 2020, however,
the SBA extended the deferral period to 10 months therefore the first payment would not be due until March 2, 2021. Further,
under the terms of the CARES Act the loan may be forgiven if funds are used for qualifying expenses. During the nine months
ended December 31, 2020 we recorded $3,572 worth of interest expense on the Note.









[9]



In
April 2020 we received proceeds of $500,000 from a loan entered into with