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

September 30, ~~2019~~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)

~~12 South 400 West~~

~~Salt Lake City, Utah 84101~~

~~(Former 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]

[ ]

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]

[ ]

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 November ~~12, 2019,~~2, 2020, there were ~~2,730,271,816~~2,929,481,329 shares of common stock, $0.001 par value, outstanding.

INVESTVIEW, INC.

Form 10-Q for the ~~Three and~~ Six Months Ended September 30, ~~2019~~2020

Table of Contents

PART I – FINANCIAL INFORMATION	3
ITEM 1 – FINANCIAL STATEMENTS	3
Condensed Consolidated Balance Sheets as of September 30, ~~2019~~2020 (Unaudited) and March 31, ~~2019~~2020	3
Condensed Consolidated Statements of Operations and Other Comprehensive Income for the Three and Six Months Ended September 30, 2020 and 2019 ~~and 2018~~ (Unaudited)	4
Condensed Consolidated Statements of Stockholders’ Equity (Deficit) for the Three and Six Months Ended September 30, 2020 and 2019 ~~and 2018~~ (Unaudited)	5
Condensed Consolidated Statements of Cash Flows for the Six Months Ended September 30, 2020 and 2019 ~~and 2018~~ (Unaudited)	6
ITEM 2 – MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS	2321
ITEM 3 – QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK	2725
ITEM 4 – CONTROLS AND PROCEDURES	2726
PART II – OTHER INFORMATION	2826
ITEM 1 – LEGAL PROCEEDINGS	2826
ITEM 1.A – RISK FACTORS	2826
ITEM 2 – UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS	2826
ITEM 3 – DEFAULTS UPON SENIOR SECURITIES	2826
ITEM 4 – MINE SAFETY DISCLOSURES	2826
ITEM 5 – OTHER INFORMATION	2826
ITEM 6 – EXHIBITS	2927
SIGNATURE PAGE	3028

PART I – FINANCIAL INFORMATION

ITEM 1 – FINANCIAL STATEMENTS

INVESTVIEW, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

							September 30,			March 31,
	September 30, 2019			March 31, 2019			2020			2020
	(Unaudited)						(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	1,258,173		$	133,644		$	583,955		$	137,177
Restricted cash, current								151,489			-
Prepaid assets		4,589,734			6,685,970			818,749			5,309,512
Receivables		743,533			724,995			964,613			910,646
Short-term advances		110,000			10,000			145,000			145,000
Short-term advances - related party		10,500			500			500			500
Other current assets		620,468			142,061			155,628			96,022
Total current assets		7,332,408			7,697,170			2,819,934			6,598,857

Fixed assets, net		1,697,637			13,528			5,918,004			2,997,611

Other assets:
Intangible assets, net		1,407,146			1,576,685			606,070			692,882
Long term license agreement, net		1,907,814			1,983,220
Restricted cash, long term								288,411			-
Operating lease right-of-use asset		125,352			-			72,093			99,465
Deposits		7,630			4,500			8,488			11,173
Total other assets		3,447,942			3,564,405			975,062			803,520

Total assets	$	12,477,987		$	11,275,103		$	9,713,000		$	10,399,988

LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)
Current liabilities:
Accounts payable and accrued liabilities	$	3,777,340		$	3,008,836		$	2,271,583		$	2,896,012
Payroll liabilities		17,136			888,177			171,412			880,349
Customer advance		3,713,476			265,000			474,155			392,310
Deferred revenue		1,781,742			1,876,727			780,396			612,500
Derivative liability		622,880			1,358,901			4,265			793,495
Dividend liability								37,775			-
Operating lease liability, current		59,450			-			48,000			56,530
Other current liabilities		2,676,000			-			14,077,200			11,407,200
Related party payables, net of discounts		884,703			545,489			1,766,400			1,964,760
Debt, net of discounts		1,613,152			1,977,030			1,571,921			1,719,326
Total current liabilities		15,145,879			9,920,160			21,203,107			20,722,482

Operating lease liability, long term		68,235			-			31,428			50,268
Other long term liabilities, net		853,296			-
Other long term liabilities, net of deferred interest								8,087,700			3,885,464
Total long term liabilities		921,531			-			8,119,128			3,935,732

Total liabilities		16,067,410			9,920,160			29,322,235			24,658,214

Commitments and contingencies		-			-			-			-

Stockholders’ equity (deficit):
Preferred stock, par value: $0.001; 10,000,000 shares authorized, none issued and outstanding as of September 30, 2019 and March 31, 2019		-			-
Common stock, par value $0.001; 10,000,000,000 shares authorized; 2,710,871,816 and 2,640,161,318 shares issued and outstanding as of September 30, 2019 and March 31, 2019, respectively		2,710,872			2,640,161
Preferred stock, par value: $0.001; 50,000,000 shares authorized, 46,612 and none issued and outstanding as of September 30, 2020 and March 31, 2020, respectively								47			-
Common stock, par value $0.001; 10,000,000,000 shares authorized; 2,929,481,329 and 3,214,490,408 shares issued and outstanding as of September 30, 2020 and March 31, 2020, respectively								2,929,481			3,214,490
Additional paid in capital		23,575,406			23,758,917			30,021,081			28,929,516
Accumulated other comprehensive income (loss)		(19,197	)		1,363			(23,781	)		(20,058	)
Accumulated deficit		(29,856,504	)		(25,096,983	)		(52,536,063	)		(46,382,174	)
Total Investview stockholders’ equity (deficit)		(3,589,423	)		1,303,458
Noncontrolling interest		-			51,485
Total stockholders’ equity (deficit)		(3,589,423	)		1,354,943			(19,609,235	)		(14,258,226	)

Total liabilities and stockholders’ equity (deficit)	$	12,477,987		$	11,275,103		$	9,713,000		$	10,399,988

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

INVESTVIEW, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND OTHER COMPREHENSIVE INCOME

(Unaudited)

	Three Months Ended September 30,						Six Months Ended September 30,						Three Months Ended September 30,						Six Months Ended September 30,
	2019			2018			2019			2018			2020			2019			2020			2019

Revenue:
Subscription revenue, net of refunds, incentives, credits, and chargebacks	$	7,236,755		$	7,719,857		$	14,748,468		$	13,831,246		$	5,255,888		$	7,236,755		$	9,499,145		$	14,748,468
Cryptocurrency mining service revenue, net of refunds and amounts paid to supplier		-			377,891			-			1,778,323
Mining revenue														2,493,739			-			3,836,285			-
Fee revenue		5,369			-			5,369			-			3,710			5,369			7,723			5,369
Total revenue, net		7,242,124			8,097,748			14,753,837			15,609,569			7,753,337			7,242,124			13,343,153			14,753,837

Operating costs and expenses:
Cost of sales and service		289,045			201,445			532,498			430,997			1,724,809			289,045			2,637,133			532,498
Commissions		4,347,177			6,047,907			9,216,147			12,229,266			3,416,713			4,347,177			6,790,544			9,216,147
Selling and marketing		401,979			224,432			814,467			525,406			627,356			401,979			844,940			814,467
Salary and related		2,567,592			1,123,682			3,711,446			2,016,202			816,554			2,567,592			2,037,389			3,711,446
Professional fees		346,337			597,525			655,783			1,070,596			232,062			346,337			659,310			655,783
General and administrative		1,363,113			1,040,522			2,721,756			1,980,306			364,826			1,363,113			2,809,618			2,721,756
Total operating costs and expenses		9,315,243			9,235,513			17,652,097			18,252,773			7,182,320			9,315,243			15,778,934			17,652,097

Net loss from operations		(2,073,119	)		(1,137,765	)		(2,898,260	)		(2,643,204	)		571,017			(2,073,119	)		(2,435,781	)		(2,898,260	)

Other income (expense):
Gain (loss) on debt extinguishment		1,281,477			-			1,281,477			19,387			812,111			1,281,477			829,937			1,281,477
Gain (loss) on fair value of derivative liability		2,358,447			-			599,257			-			(20,847	)		2,358,447			326,788			599,257
Gain (loss) on bargain purchase		-			2,005,282			-			2,005,282
Gain (loss) on deconsolidation		-			-			53,739			-
Gain on deconsolidation														-			-			-			53,739
Impairment expense														(66,645	)		-			(66,645	)		-
Realized gain (loss) on cryptocurrency		(1,077	)		(6,278	)		(667	)		17,454			1,096			(1,077	)		1,096			(667	)
Unrealized gain (loss) on cryptocurrency		(122,080	)		(4,244	)		25,330			95,926			85,331			(122,080	)		176,817			25,330
Interest expense		(1,944,640	)		(4,147	)		(2,490,637	)		(4,147	)		(2,480,067	)		(1,944,640	)		(4,727,165	)		(2,490,637	)
Interest expense, related parties		(1,251,094	)		(5,000	)		(1,251,094	)		(5,000	)		(210,805	)		(1,251,094	)		(389,720	)		(1,251,094	)
Other income (expense)		358			77			(71,284	)		(1,843	)		123,346			358			186,408			(71,284	)
Total other income (expense)		321,391			1,985,690			(1,853,879	)		2,127,059			(1,756,480	)		321,391			(3,662,484	)		(1,853,879	)

Income (loss) before income taxes		(1,751,728	)		847,925			(4,752,139	)		(516,145	)		(1,185,463	)		(1,751,728	)		(6,098,265	)		(4,752,139	)
Income tax expense		(1,838	)		(31,146	)		(7,382	)		(42,189	)		(2,297	)		(1,838	)		(3,282	)		(7,382	)

Net income (loss)		(1,753,566	)		816,779			(4,759,521	)		(558,334	)		(1,187,760	)		(1,753,566	)		(6,101,547	)		(4,759,521	)
Less: net income (loss) attributable to the noncontrolling interest		-			(16,788	)		-			(33,012	)

Net income (loss) attributable to Investview stockholders	$	(1,753,566	)	$	833,567		$	(4,759,521	)	$	(525,322	)
Dividends on Preferred Stock														(52,342	)		-			(52,342	)		-

Net income applicable to common shareholders													$	(1,240,102	)	$	(1,753,566	)	$	(6,153,889	)	$	(4,759,521	)

Income (loss) per common share, basic and diluted	$	(0.00	)	$	0.00		$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)	$	(0.00	)

Weighted average number of common shares outstanding, basic and diluted		2,840,281,449			2,169,661,318			2,748,911,300			2,189,508,313			2,985,916,112			2,840,281,449			3,109,673,727			2,234,117,482

Other comprehensive income, net of tax:
Foreign currency translation adjustments	$	(1,585	)	$	123		$	(20,560	)	$	3,741		$	(4,359	)	$	(1,585	)	$	(3,723	)	$	(20,560	)
Total other comprehensive income		(1,585	)		123			(20,560	)		3,741			(4,359	)		(1,585	)		(3,723	)		(20,560	)
Comprehensive income (loss)		(1,755,151	)		816,902			(4,780,081	)		(554,593	)	$	(1,192,119	)	$	(1,755,151	)	$	(6,105,270	)	$	(4,780,081	)
Less: comprehensive income attributable to the noncontrolling interest		1,585			(123	)		-			(3,741	)
Comprehensive income (loss) attributable to Investview shareholders	$	(1,753,566	)	$	816,779		$	(4,780,081	)	$	(558,334	)

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

INVESTVIEW, INC.

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (DEFICIT)

THREE AND SIX MONTHS ENDED SEPTEMBER 30, 2020 AND 2019

(Unaudited)

										Accumulated																									Accumulated
							Additional			Other																						Additional			Other
	Common stock						Paid in			Comprehensive			Accumulated			Noncontrolling						Preferred stock				Common stock						Paid in			Comprehensive			Accumulated			Noncontrolling
	Shares			Amount			Capital			Income			Deficit			Interest			Total
Balance, March 31, 2018		2,169,661,318		$	2,169,661		$	16,137,945		$	(2,483	)	$	(20,085,947	)	$	18,544		$	(1,762,280	)
Foreign currency translation adjustment		-			-			-			3,618			-			-			3,618
Net income (loss)		-			-			-			-			(1,375,113	)		(16,224	)		(1,391,337	)
Balance, June 30, 2018		2,169,661,318			2,169,661			16,137,945			1,135			(21,461,060	)		2,320			(3,149,999	)
Common stock issued for acquisition		50,000,000			50,000			1,050,000			-			-			-			1,100,000
Common stock issued for services and compensation		1,000,000			1,000			9,000			-			-			-			10,000
Common stock repurchase		(7,000,000	)		(7,000	)		(84,000	)		-			-			-			(91,000	)
Foreign currency translation adjustment		-			-			-			123			-			-			123
Net income (loss)		-			-			-			-			849,791			(16,788	)		833,003
Balance, September 30, 2018		2,213,661,318		$	2,213,661		$	17,112,945		$	1,258		$	(20,611,269	)	$	(14,468	)	$	(1,297,873	)
																						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			-	$	-		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			-		-		39,215,648			39,216			285,784			-			-			-			325,000
Offering costs		-			-			101,387			-			-			-			101,387			-		-		-			-			101,387			-			-			-			101,387
Deconsolidation of Kuvera LATAM		-			-			-			-			-			(51,485	)		(51,485	)		-		-		-			-			-			-			-			(51,485	)		(51,485	)
Foreign currency translation adjustment		-			-			-			(18,975	)		-			-			(18,975	)		-		-		-			-			-			(18,975	)		-			-			(18,975	)
Net income (loss)		-			-			-			-			(3,005,955	)		-			(3,005,955	)		-		-		-			-			-			-			(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	)		-		-		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			-		-		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			-		-		241,000,000			241,000			1,274,915			-			-			-			1,515,915
Common stock repurchase		(5,150	)		(5	)		(97	)		-			-			-			(102	)		-		-		(5,150	)		(5	)		(97	)		-			-			-			(102	)
Common stock cancelled		(222,500,000	)		(222,500	)		(3,157,500	)		-			-			-			(3,380,000	)		-		-		(222,500,000	)		(222,500	)		(3,157,500	)		-			-			-			(3,380,000	)
Beneficial conversion feature		-			-			1,000,000			-			-			-			1,000,000			-		-		-			-			1,000,000			-			-			-			1,000,000
Foreign currency translation adjustment		-			-			-			(1,585	)		-			-			(1,585	)		-		-		-			-			-			(1,585	)		-			-			(1,585	)
Net income (loss)		-			-			-			-			(1,753,566	)		-			(1,753,566	)		-		-		-			-			-			-			(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	)		-	$	-		2,710,871,816		$	2,710,872		$	23,575,406		$	(19,197	)	$	(29,856,504	)	$	-		$	(3,589,423	)

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	)

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

INVESTVIEW INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

	Six Months Ended September 30,						Six Months Ended September 30,
	2019			2018			2020			2019
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(4,759,521	)	$	(558,334	)	$	(6,101,547	)	$	(4,759,521	)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation		36,007			3,020			982,819			36,007
Amortization of debt discount		1,892,791			75,406			703,511			1,892,791
Amortization of long-term license agreement		75,406			112,613			-			75,406
Amortization of intangible assets		169,539			-			86,812			169,539
Stock issued for services and compensation		1,515,915			3,333			795,236			1,515,915
Loan fees on new borrowings		841,140			-			-			841,140
(Gain) loss on bargain purchase		-			(2,005,282	)
(Gain) loss on deconsolidation		(53,739	)		-
Offering costs								6			-
Lease cost, net of repayment								2			-
(Gain) on deconsolidation								-			(53,739	)
(Gain) loss on debt extinguishment		(1,281,477	)		(19,387	)		(829,937	)		(1,281,477	)
(Gain) loss on fair value of derivative liability		(599,257	)		-
Loss on fair value of derivative liability								(326,788	)		(599,257	)
Realized (gain) loss on cryptocurrency		667			(17,454	)		(1,096	)		667
Unrealized (gain) loss on cryptocurrency		(25,330	)		(95,926	)		(176,817	)		(25,330	)
Impairment expense								66,645			-
Changes in operating assets and liabilities:
Receivables		(18,538	)		114,327			(53,967	)		(18,538	)
Prepaid assets		(1,283,764	)		(4,749	)		(1,141,805	)		(1,283,764	)
Short-term advances		(100,000	)		-			-			(100,000	)
Short-term advances from related parties		(10,000	)		36,010			-			(10,000	)
Other current assets		(517,051	)		583,177			118,307			(517,051	)
Deposits		(3,130	)		-			2,685			(3,130	)
Accounts payable and accrued liabilities		851,621			(675,065	)		(1,001,276	)		(19,420	)
Payroll liabilities		(871,041	)		-
Customer advance		3,448,476			265,000			81,845			3,448,476
Deferred revenue		(94,985	)		383,417			167,896			(94,985	)
Other liabilities		3,529,296			-			6,872,236			3,529,296
Accrued interest		131,799			4,147			107,025			131,799
Accrued interest, related parties		649,999			5,000			309,837			649,999
Net cash provided by (used in) operating activities		3,524,823			(1,790,747	)		661,629			3,524,823

CASH FLOWS FROM INVESTING ACTIVITIES:
Cash received in acquisition		-			3,740
CASH FLOWS FROM INVESTING ACTIVITIES
Cash paid for fixed assets		(1,720,116	)		-			(1,717,289	)		(1,720,116	)
Net cash provided by (used in) investing activities		(1,720,116	)		3,740			(1,717,289	)		(1,720,116	)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from related parties		1,459,500			894,000			4,474,137			1,459,500
Repayments for related party payables		(1,369,500	)		(201,500	)		(3,036,216	)		(1,369,500	)
Proceeds from debt		1,322,651			670,000			1,405,300			1,322,651
Repayments for debt		(2,745,024	)		(142,000	)		(2,030,344	)		(2,745,024	)
Payments for share repurchase		(102	)		(91,000	)		(272	)		(102	)
Dividends paid								(14,567	)		-
Proceeds from the sale of stock		650,000			-			1,165,300			650,000
Payments for financing costs								(21,000	)		-
Net cash provided by (used in) financing activities		(682,475	)		1,129,500			1,942,338			(682,475	)

Effect of exchange rate translation on cash		2,297			(3,370	)		-			2,297

Net increase (decrease) in cash and cash equivalents		1,124,529			(660,877	)
Cash and cash equivalents-beginning of period		133,644			1,490,686
Cash and cash equivalents-end of period	$	1,258,173		$	829,809
Net increase (decrease) in cash, cash equivalents, and restricted cash								886,678			1,124,529
Cash, cash equivalents, and restricted cash - beginning of period								137,177			133,644
Cash, cash equivalents, and restricted cash - end of period							$	1,023,855		$	1,258,173

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid during the period for:
Interest	$	51,000		$	-		$	275,192		$	51,000
Income taxes	$	7,382		$	42,189		$	3,282		$	5,544
Non cash investing and financing activities:
Common stock issued for acquisition	$	-		$	1,100,000
Prepaid assets reclassified to fixed assets							$	2,252,568		$	-
Beneficial conversion feature	$	1,000,000		$	-		$	2,000,000		$	1,000,000
Stock issued for prepaid services	$	-		$	6,667
Cancellation of shares	$	3,380,000		$	-		$	-		$	3,380,000
Changes in equity for offering costs accrued	$	101,387		$	-		$	-		$	101,387
Derivative liability recorded as a debt discount	$	365,000		$	-		$	-		$	365,000
Recognition of lease liability and ROU asset at lease commencement	$	131,244		$	-		$	-		$	131,244
Shares forfeited							$	3,380,000		$	-
Share repurchase							$	120,000		$	-
Reclassification of related party debt							$	26,000		$	-
Dividends declared but not yet paid							$	37,775		$	-
Forgiveness of accrued payroll							$	373,832		$	-

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

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, ~~2019~~2020

(Unaudited)

NOTE 1 – ORGANIZATION AND NATURE OF BUSINESS

Organization

Investview, Inc. 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 May 7, 2018, we established WealthGen Global, LLC as a Utah limited liability company and our wholly owned subsidiary.

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.

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

Nature of Business

~~Investview owns~~We own a number of companies that each operate independently, but are accretive to one another. ~~Investview is~~We are establishing a portfolio of wholly owned subsidiaries delivering ~~leading edge~~leading-edge technologies, services, and research, dedicated primarily to the individual consumer. Following is a description of each of our companies.

Kuvera, 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.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2020

(Unaudited)

Different packages are available through a monthly subscription that can be cancelled at any time at the discretion of the customer. A unique component of the product marketing plan is the distribution method whereby all subscriptions are sold via current participating customers who choose to distribute and sell the services by participating in the bonus plan. The bonus plan participation is purely optional but enables individuals to create an additional income stream to further support their personal financial goals and objectives.

~~INVESTVIEW, INC.~~

~~NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS~~

~~AS OF SEPTEMBER 30, 2019~~

~~(Unaudited)~~

Kuvera France S.A.S. is our entity in France that will distribute Kuvera 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.

United League, LLC owns a number of proprietary technologies including FIREFAN a social app for sports enthusiasts. Technologies created to support any of the Investview companies are held under the United League structure.

United Games, LLC is the distribution network for United League technologies. Since the acquisition of United Games in July of 2018, we are working to combine the distributors of Kuvera and United Games. ~~This is an on-going process~~The operations of United Games and United League are currently being assessed now that ~~is not yet complete.~~we have completed our integration of their software and personnel. These entities may be eliminated or re-structured in the future as we are currently assessing the potential future for social gaming app known as FIREFAN.

~~SafeTek,~~SAFETek, LLC (formerly WealthGen Global, LLC) is a new addition that we are currently establishing for expansion plans in the high-speed processing and cloud computing environment.

Apex Tek, LLC (formerly Razor Data, LLC) isdelivers the ~~sales and distribution company for~~ APEX ~~packages and technology. It offers~~program which permits individuals to purchase assets that will generate monthly cash flow. As of September 30, 2020 we have ceased selling the APEX package. We may re-introduce APEX at a ~~unique passive income model for those interested in earning through~~later date after further evaluation of the ~~purchase and leaseback of high-speed specialized data processing equipment.~~model.

Investment Tools & Training, LLCcurrently has no operations or activities.

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 six months ended September 30, ~~2019,~~2020, are not necessarily indicative of the operating results that may be expected for the year ending March 31, ~~2020.~~2021. These unaudited condensed consolidated financial statements should be read in conjunction with the March 31, ~~2019~~2020 consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended March 31, ~~2019.~~2020.

Principles of Consolidation

The consolidated financial statements include the accounts of Investview, Inc., and our wholly owned subsidiaries, Kuvera, LLC, Investment Tools & Training, LLC, Apex Tek, LLC (formerly Razor Data, LLC), S.A.F.E. Management, LLC, SafeTek, LLC (formerly WealthGen Global, LLC), United Games, LLC, United League, LLC, and Kuvera France S.A.S. 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 are similar to those of Kuvera, LLC. As a result, through March 31, 2019 we had consolidated the accounts of this variable interest entity into the ~~accompanying~~ 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 iswas 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.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 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.

~~INVESTVIEW, INC.~~

~~NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS~~

~~AS OF SEPTEMBER 30, 2019~~

~~(Unaudited)~~

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.

Foreign Exchange

We have consolidated the accounts of Kuvera France S.A.S. into our consolidated financial ~~statements and have consolidated the accounts of Kuvera LATAM S.A.S. through March 31, 2019.~~statements. The operations of Kuvera France S.A.S. are conducted in France and its functional currency is the Euro. ~~The operations of Kuvera LATAM S.A.S. were conducted in Colombia and its functional currency was the Colombian Peso.~~

The financial statements of Kuvera France S.A.S. ~~and Kuvera LATAM S.A.S.~~ are prepared using their ~~respective~~ 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. and Kuvera LATAM S.A.S. into USD at the following balance sheet dates.

September 30, 2019 March 31, 2019
Euro to USD 1.09176 1.12200
Colombian Peso to USD n/a 0.00031

		September 30, 2020				March 31, 2020
Euro to USD			1.17300				1.10314

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

Six Months Ended September 30,
2019 2018
Euro to USD 1.11795 n/a
Colombian Peso to USD n/a 0.00034

	Six Months Ended September 30,
	2020		2019
Euro to USD		1.135711		1.11795

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.

	September 30, 2020		March 31, 2020
Cash and cash equivalents	$	583,955	$	137,177
Restricted cash, current		151,489		-
Restricted cash, long term		288,411		-
Total cash, cash equivalents, and restricted cash shown on the statement of cash flows	$	1,023,855	$	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.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 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 statement of operations. As of September 30, ~~2019~~2020 and March 31, ~~2019~~2020 the fair value of our cryptocurrencies was ~~$620,468~~$155,628 and ~~$142,061,~~$96,022, respectively. During the six months ended September 30, 2020 we recorded $1,096 and $176,817 as a total realized and unrealized gain (loss) on cryptocurrency, respectively. During the six months ended September 30, 2019 we recorded $(667) and $25,330 as a total realized and unrealized gain (loss) on cryptocurrency, respectively. During the ~~six~~three months ended September 30, ~~2018~~2020 we recorded ~~$17,454~~$1,096 and ~~$95,926~~$85,331 as a total realized and unrealized gain (loss) on cryptocurrency, respectively. During the three months ended September 30, 2019 we recorded $(1,077) and $(122,080) ~~as a total realized and unrealized gain (loss) on cryptocurrency, respectively. During the three months ended September 30, 2018 we recorded $(6,278) and $(4,244)~~ 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.

~~INVESTVIEW, INC.~~

~~NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS~~

~~AS OF SEPTEMBER 30, 2019~~

~~(Unaudited)~~

As of September 30, ~~2019~~2020 fixed assets were made up of the following:

						Estimated
	Estimated					Useful
	Useful Life					Life
	(years)		Value			(years)		Value
Furniture, fixtures, and equipment		10	$	11,372			10	$	12,792
Computer equipment		3		16,278			3		21,143
Data processing equipment		3		1,718,500			3		7,095,515
				1,746,150					7,129,450
Accumulated depreciation as of September 30, 2019				(48,513	)
Net book value, September 30, 2019			$	1,697,637
Accumulated depreciation as of September 30, 2020									(1,211,446	)
Net book value, September 30, 2020								$	5,918,004

Total depreciation expense for the six months ended September 30, 2020 and 2019, was $982,819 and ~~2018, was~~ $36,007, ~~and $3,020,~~ 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. ~~Annual amortization over the 15-year life is expected to be $150,400 per year.~~ Amortization recognized for the six months ended September 30, 2020 and 2019 ~~and 2018~~ was ~~$75,406~~$0 and $75,406, respectively, and the long-term license agreement was recorded at a net value of ~~$1,907,814 and $1,983,220~~$0 as of September 30, ~~2019~~2020 and March 31, ~~2019, respectively.~~2020 due to the asset being impaired as of March 31, 2020.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2020

(Unaudited)

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 September 30, 2020 intangible assets were made up of the following:

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
Customer contracts/relationships 5 825,000
1,816,000
Accumulated amortization as of September 30, 2019 (408,854 )
Net book value, September 30, 2019 $ 1,407,146

	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 September 30, 2020				(384,930	)
Net book value, September 30, 2020			$	606,070

~~INVESTVIEW, INC.~~

~~NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS~~

~~AS OF SEPTEMBER~~Amortization expense for the six months ended September 30, 2020 and 2019

~~(Unaudited)~~

was $86,812 and $169,539, respectively. Amortization expense is expected to be as follows:

Remainder of 2020	$	169,538
Fiscal year ending March 31, 2021		338,150
Remainder of 2021			$	86,338
Fiscal year ending March 31, 2022		338,150		173,150
Fiscal year ending March 31, 2023		280,338		173,150
Fiscal year ending March 31, 2024		105,474		32,589
Fiscal year ending March 31, 2025 and beyond		175,496
Fiscal year ending March 31, 2025				6,148
Fiscal year ending March 31, 2026 and beyond				134,695
	$	1,407,146	$	606,070

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.

~~The Company evaluates~~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 six months ended September 30, ~~2019~~2020 we fully impaired data processing equipment that had a cost basis of $84,939 and ~~2018~~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 six months ended September 30, 2020. No impairment expense was ~~recognized.~~recognized during the six months ended September 30, 2019.

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:

	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).

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2020

(Unaudited)

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 September 30, ~~2019~~2020 and March 31, ~~2019,~~2020, approximates the fair value due to their short-term nature.

~~INVESTVIEW, INC.~~

~~NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS~~

~~AS OF SEPTEMBER 30, 2019~~

~~(Unaudited)~~

Items recorded or measured at fair value on a recurring basis in the accompanying consolidated financial statements consisted of the following items as of September 30, ~~2019:~~2020:

	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Cryptocurrencies	$	620,468	$	-	$	-	$	620,468	$	155,628	$	-	$	-	$	155,628
Total Assets	$	620,468	$	-	$	-	$	620,468	$	155,628	$	-	$	-	$	155,628

Derivative liability	$	-	$	-	$	622,880	$	622,880	$	-	$	-	$	4,265	$	4,265
Total Liabilities	$	-	$	-	$	622,880	$	622,880	$	-	$	-	$	4,265	$	4,265

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, ~~2019:~~2020:

	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Cryptocurrencies	$	142,061	$	-	$	-	$	142,061	$	96,022	$	-	$	-	$	96,022
Total Assets	$	142,061	$	-	$	-	$	142,061	$	96,022	$	-	$	-	$	96,022

Derivative liability	$	-	$	-	$	1,358,901	$	1,358,901	$	-	$	-	$	793,495	$	793,495
Total Liabilities	$	-	$	-	$	1,358,901	$	1,358,901	$	-	$	-	$	793,495	$	793,495

Sale and Leaseback

Through our wholly-owned subsidiary, APEX Tex, LLC, we ~~sell~~sold high powered data processing equipment (“APEX”) to our customers and they ~~lease~~leased the equipment back to SAFETek, LLC, another of our wholly-owned subsidiaries. We account 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 have recorded the data processing equipment as a fixed asset on our balance sheet and we have accounted for the amounts received for the equipment as a financial liability, in other liabilities on our balance sheet. Further, we will recognize 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.

During the six months ended September 30, ~~2019~~2020 we had the following activity related to our sale and leaseback transactions:

Proceeds from sales of APEX $ 3,605,818
Interest recognized on financial liability 220,978
Payments made for leased equipment (297,500 )
Total financial liability 3,259,296
Other current liabilities [1] (2,676,000 )
Other long-term liabilities $ 853,296

	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		5,001,622			-			5,001,622
Interest recorded on financial liability		8,348,378			(8,348,378	)		-
Payments made for leased equipment		(2,125,300	)		-			(2,125,300	)
Interest expense		-			3,995,914			3,995,914
Balance as of September 30, 2020	$	65,052,700		$	(42,887,800	)	$	22,164,900		$	14,077,200	$	8,087,700

[1] Represents lease payments to be made in the next 12 months

~~As of~~

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2020

(Unaudited)

The $42,887,800 is expected to be recognized into interest as follows:

Remainder of 2021	$	4,782,861
Fiscal year ending March 31, 2022		9,565,721
Fiscal year ending March 31, 2023		9,565,721
Fiscal year ending March 31, 2024		9,565,721
Fiscal year ending March 31, 2025 and beyond		9,407,776
	$	42,887,800

During the six months ended September 30, ~~2019~~2020 we ~~have~~ received ~~proceeds of $3,118,197 in~~ additional ~~deposits~~proceeds for APEX sales which ~~has been~~were recorded in the customer advance amount shown on our balance ~~sheet.~~sheet, resulting in a net increase in the account of $81,845 since March 31, 2020. As of September 30, 2020 we have ceased selling the APEX package. We may re-introduce APEX at a later date after further evaluation of the model.

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.

~~The majority of our revenue is generated by subscription sales and payment is received at the time of purchase.~~ Our performance obligation is to provide services over a fixed subscription ~~period,~~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.

~~We generate revenue from~~Mining Revenue

Through our wholly owned subsidiary, SAFETek, LLC, we lease equipment under a sales-type lease and use the ~~sale~~equipment on blockchain networks to validate and add blocks of ~~cryptocurrency~~transactions to blockchain ledgers (commonly referred to as “mining”). As compensation for mining services to our customers through an arrangement with a third-party supplier. Our performance obligation is to arrange for the third-party to provide mining services to our customers and payment is received at the time of purchase, therefore revenue is recognized upon receipt of payment. We recognize revenue in the amount of the fee to which we are ~~entitled~~issued fees from processors and/or block rewards that are newly created cryptocurrency units granted to ~~as an agent, or the amount~~us. Our mining activities constitute our ongoing major and central operations of ~~consideration that~~SAFETek, LLC. Because we ~~retain after paying the third-party the consideration received in exchange for the services the third-party is to provide.~~

~~INVESTVIEW, INC.~~

~~NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS~~

~~AS OF SEPTEMBER 30, 2019~~

~~(Unaudited)~~

~~We generate~~do not have contracts, nor do we have customers associated with our mining revenue, from the sale of high-speed computer processing equipment that is 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. Our performance obligation is to deliver an equipment package to our customers which includes hardware, software, and firmware and is drop-shipped to a hosting data center. We receive payment at the time of purchase andwe recognize revenue when ~~the equipment package is delivered and ready for maintenance and hosting, which~~fees and/or rewards are settled, or ultimately granted to us as a result of our ~~customers arrange for, and obtain, from a separate third party that provides such services.~~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.

Revenue generated for the six months ended September 30, ~~2019~~2020 is as follows:

	Subscription Revenue			Equipment Sales		Cryptocurrency Mining Revenue		Fee Revenue		Total			Subscription Revenue			Mining Revenue		Fee Revenue		Total
Gross billings	$	16,117,861		$	-	$	-	$	5,369	$	16,123,230
Gross billings/receipts													$	10,159,115		$	3,836,285	$	7,723	$	14,003,123
Refunds, incentives, credits, and chargebacks		(1,369,393	)		-		-		-		(1,369,393	)		(659,970	)		-		-		(659,970	)
Amounts paid to supplier		-			-		-		-		-
Net revenue	$	14,748,468		$	-	$	-	$	5,369	$	14,753,837		$	9,499,145		$	3,836,285	$	7,723	$	13,343,153

For the six months ended September 30, 2020 foreign and domestic revenues were approximately $9 million and $4.4 million, respectively.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2020

(Unaudited)

Revenue generated for the six months ended September 30, ~~2018~~2019 is as follows:

	Subscription Revenue			Equipment Sales		Cryptocurrency Mining Revenue			Fee Revenue		Total			Subscription Revenue			Mining Revenue		Fee Revenue		Total
Gross billings	$	14,677,640		$	-	$	5,649,601		$	-	$	20,327,241
Gross billings/receipts														$	16,117,861		$	-	$	5,369	$	16,123,230
Refunds, incentives, credits, and chargebacks		(846,394	)		-		-			-		(846,394	)		(1,369,393	)		-		-		(1,369,393	)
Amounts paid to supplier		-			-		(3,871,278	)		-		(3,871,278	)
Net revenue	$	13,831,246		$	-	$	1,778,323		$	-	$	15,609,569		$	14,748,468		$	-	$	5,369	$	14,753,837

For the six months ended September 30, 2019 foreign and domestic revenues were approximately $13.9 million and $800,000, respectively.

Revenue generated for the three months ended September 30, 2020 is as follows:

	Subscription Revenue			Mining Revenue		Fee Revenue		Total
Gross billings/receipts	$	5,599,155		$	2,493,739	$	3,710	$	8,096,604
Refunds, incentives, credits, and chargebacks		(343,267	)		-		-		(343,267	)
Net revenue	$	5,255,888		$	2,493,739	$	3,710	$	7,753,337

For the three months ended September 30, 2020 foreign and domestic revenues were approximately $7.3 million and $426,000, respectively.

Revenue generated for the three months ended September 30, 2019 is as follows:

	Subscription Revenue			Equipment Sales		Cryptocurrency Mining Revenue		Fee Revenue		Total			Subscription Revenue			Mining Revenue		Fee Revenue		Total
Gross billings	$	7,825,160		$	-	$	-	$	5,369	$	7,830,529
Gross billings/receipts													$	7,825,160		$	-	$	5,369	$	7,830,529
Refunds, incentives, credits, and chargebacks		(588,405	)		-		-		-		(588,405	)		(588,405	)		-		-		(588,405	)
Amounts paid to supplier		-			-		-		-		-
Net revenue	$	7,236,755		$	-	$	-	$	5,369	$	7,242,124		$	7,236,755		$	-	$	5,369	$	7,242,124

~~Revenue generated for~~For the three months ended September 30, ~~2018 is as follows:~~2019 foreign and domestic revenues were approximately $6.8 million and $403,000, respectively.

Subscription
Revenue
Equipment Sales Cryptocurrency Mining Revenue Fee Revenue Total
Gross billings $ 8,166,854 $ - $ 1,480,131 $ - $ 9,646,985
Refunds, incentives, credits, and chargebacks (446,997 ) - - - (446,997 )
Amounts paid to supplier - - (1,102,240 ) - (1,102,240 )
Net revenue $ 7,719,857 $ - $ 377,891 $ - $ 8,907,748

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.

~~INVESTVIEW, INC.~~

~~NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS~~

~~AS OF SEPTEMBER 30, 2019~~

~~(Unaudited)~~

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

	September 30, 2019		September 30, 2018		September 30, 2020		September 30, 2019
Options to purchase common stock		35,000		35,000		-		35,000
Warrants to purchase common stock		599,800		6,052,497		233,060		599,800
Notes convertible into common stock		58,416,067		-		161,742,478		58,416,067
Totals		59,050,867		6,087,497		161,975,538		59,050,867

Lease Obligation

Wedetermine 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.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2020

(Unaudited)

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 foreach 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 ~~$29,856,504~~$52,536,063 as of September 30, ~~2019,~~2020, along with a net loss of ~~$4,759,521~~$6,101,547 for the six months ended September 30, ~~2019.~~2020. Additionally, as of September 30, ~~2019,~~2020, we had cash of ~~$1,258,173~~$583,955 and a working capital deficit of ~~$7,813,471.~~$18,383,173. 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 six months ended September 30, ~~2019,~~2020, we raised ~~$1,322,651~~$1,405,300 in cash proceeds from new debt arrangements and raised ~~$1,459,500~~$4,474,137 in cash proceeds from related ~~parties, and received $650,000 from the sale of our common stock.~~parties. Additionally, net cash provided by operations was ~~$3,524,823~~$661,629 for the six months ended September 30, ~~2019.~~2020. Subsequent to September 30, 2020, we received gross proceeds of $93,300 in connection with our Unit Offering (see NOTE 11). Additionally, subject to a Securities Purchase agreement entered into in April 2020 we have a commitment from an investor to purchase a $9 million promissory note on or before October 31, 2020, 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. To date, the Company is experiencing challenges in multiple areas of the organization and the full economic impact is yet to be established.

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

	●	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

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, ~~2019~~2020

(Unaudited)

~~Since our acquisition of Wealth Generators in April of 2017 we have implemented a number of initiatives~~Apex Tek, LLC and we are beginning to see the positive impact of these actions. First, our largest subsidiary, Kuvera, has a bonus plan structure for distributors of our services which consistently paid out beyond our maximum threshold. Adjustments to this bonus plan have been made over the last 12 months withSAFETek, LLC carry additional ~~adjustments planned for the next two quarters. This resulted in a gradual reduction in bonus payouts which reduced our losses.Second, we expanded the objectives of Investview through the acquisition~~risk and ~~creation of additional subsidiaries to increase our sources of income and creating business activities in new sectors which includes:~~

	●	Fully licensing SAFE Management LLC as a Registered Investment Advisor and Commodities Trading Advisor. This was done so SAFE Management could offer fully managed trading services to individuals who lacked the time to trade for themselves and provide reasonable advisory fees and minimum investment amounts to service individuals who do not meet the requirements of Qualified Investors.
	●	We acquired the assets of United Games LLC and United League LLC which provided us highly experienced management, programmers, marketing and compliance personnel along with key technology components such as a fully coded back office and trademarked FIREFAN app. We are still in the process of adapting their technology to Kuvera operations and working on various distribution plans for FIREFAN.
	●	We changed the name of our subsidiary WealthGen Global, which was an unused entity, to SAFETek LLC in preparation for our entry into the high-performance computing space to meet the needs of 4IR (Fourth Industrial Revolution) business needs which includes mining, blockchain technologies, gaming, artificial intelligence and 3-Dimensional rendering. This will enable us to provide HPC services to small, medium and startup entities who require specialized high-speed processing but cannot afford the infrastructure. By leasing our processing to these companies, we will aid these entities in bringing their products, inventions, improvements to market.
	●	We have designed a program known as APEX which enables individuals to purchase highly customized data processing equipment which SAFETek will lease from the purchasers for a fixed period of time at a fixed monthly lease payment. This enables individuals to participate in emerging growth without experiencing the volatility and potential loss experienced in the sector.
	●	~~We have renamed our subsidiary Razor Data LLC to APEX Tek LLC. APEX Tek will be solely responsible for the sales and marketing of the APEX Package.~~

~~These companies~~generated recent losses, however, they also provide Investview a stake in 4IR, HPC, app development, fintech, blockchain and personal money management sectors. Each of these are areas that are targeted for significant growth spurred by innovations through ~~technology.~~technology which solidify our position in the fintech space.

While our liabilities are larger than our assets it is important to note that we seek to ~~keep~~further reduce our operating ~~expenses low.~~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 ~~generating~~lead to positive cash flow, reduced debt and then profitability.

Further, while we have reported reoccurring losses and have an operating capital deficiency, we have been able to establish multiple companies to create various revenue streams as we move forward. Our largest challenge is operational cash flow as lending arrangements continue to be expensive causing us to deploy incoming cash to prior debt. We continue to seek short term capital in arrangements that are partnership based with elements of debt and equity combined. Additionally, our immediate focus is the continued reduction in losses by controlling expenses, increasing revenue, and generating additional revenue streams.

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.

~~INVESTVIEW, INC.~~

~~NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS~~

~~AS OF SEPTEMBER 30, 2019~~

~~(Unaudited)~~

NOTE 5 – RELATED-PARTY TRANSACTIONS

Our related-party payables consisted of the following:

September 30, 2019 March 31, 2019
Short-term advances [1] $ 283,608 $ 440,489
Short-term Promissory Note entered into on 8/17/18 [2] - 105,000
Convertible Promissory Note entered into on 7/23/19 [3] 601,095 -
$ 884,703 $ 545,489

	September 30, 2020		March 31, 2020
Short-term advances [1]	$	489,850	$	876,427
Promissory note entered into on 1/30/20 [2]		1,133,333		1,033,333
Convertible Promissory Note entered into on 4/27/20 [3]		77,198		-
Convertible Promissory Note entered into on 5/27/20 [4]		36,019		-
Accounts payable – related party [5]		30,000		55,000
	$	1,766,400	$	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 six months ended September 30, ~~2019,~~2020, we received ~~$459,500~~$2,338,137 in cash proceeds from advances, incurred ~~$649,999~~$50,000 in interest expense on the advances, and repaid related parties ~~$1,264,500.~~$2,816,713. Also during the six months ended September 30, ~~2019 we settled $1,880~~2020 there was a change in senior management therefore $26,001 due to a former member of ~~amounts that were recorded as due prior~~the senior management team was reclassified from a related party payable to ~~March 31, 2018.~~debt on our balance sheet (see NOTE 6).

[2]	~~A member~~We entered into a $1,000,000 promissory note with Joeseph Cammarata, our Chief Executive Officer, on January 30, 2020. The term of the ~~senior management team advanced funds~~note is one year, at which time the principal and interest of ~~$100,000 on August 17, 2018, under a short-term promissory note due to~~20%, or $200,000 will be repaid on August 31, 2018. On August 31, 2018 the note was amended to be due on demand or, in absence of a demand, due on August 31, 2019. The note had a fixed interest payment of $5,000 which was recorded as interest expense in the statement of operations during the year ended March 31, 2019.due. During the six months ended September 30, ~~2019~~2020 we ~~made repayments~~recognized $100,000 of ~~$105,000~~interest expense on the note.

[3]	~~We entered into a $3,600,000 convertible promissory note with a member of the senior management team on July 23, 2019. We~~On April 27, 2020 we received proceeds of ~~$1,000,000~~$1,300,000 from the note, including $900,000 in cash and $100,000 which offset amounts owing to the lender. In accordance with the terms of the note we are required to repay a monthly minimum payment of $50,000 beginning January of 2020 through June of 2020 and a monthly minimum payment of $100,000 beginning July of 2020 until the total principal amount has been repaid. The lender has the right to convert up to $2,600,000 of the outstanding and unpaid principal amount into sharesDBR Capital, LLC, an entity controlled by members of our Board of Directors. The note bears interest at 20% per annum, payable monthly, and the principal is due and payable on April 27, 2030. The note is convertible into common stock at a conversion price of ~~$0.005~~$0.01257 per share ~~subject to adjustment.~~therefore during the six months ended September 30, 2020 we recorded a beneficial conversion feature and debt discount of $1,300,000 (see NOTE 8). During the six months ended September 30, ~~2019~~2020 we recognized $55,531 of the debt discount into interest expense as well as expensed an additional $111,223 of interest expense on the note, of which $89,556 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. The note bears interest at 20% per annum, payable monthly, and the principal is due and payable on April 27, 2030. The note is convertible into common stock at a conversion price of $0.01257 per share therefore during the six months ended September 30, 2020 we recorded a beneficial conversion feature ~~of $1,000,000 as a~~and debt discount of $700,000 (see ~~Note~~NOTE 8). ~~Additionally, we recorded $2,600,000 as a debt discount, representing the difference between the face value of the note and the proceeds received.~~ During the six months ended September 30, ~~2019~~2020 we ~~amortized $601,095~~recognized $24,352 of the debt discount into interest ~~expense.~~expense as well as expensed an additional $48,614 of interest expense on the note, of which $36,947 was repaid during the period.

[5]	During the six months ended September 30, 2020 we paid $25,000 to an accounting firm owned by our Chief Financial Officer to reduce amounts previously owed. We also incurred $68,000 to reimburse DBR Capital, LLC, for amounts paid on our behalf. The entire amount was repaid during the six months ended September 30, 2020.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2020

(Unaudited)

NOTE 6 – DEBT

Our debt consisted of the following:

September 30, 2019
March 31, 2019

Short-term advance received on 8/31/18 [1] $ 65,000 $ 75,000
Secured merchant agreement for future receivables entered into on 2/14/19 [2] - 641,687
Secured merchant agreement for future receivables entered into on 2/14/19 [3] - 468,790
Secured merchant agreements for future receivables entered into on 2/14/19 [4] - 597,060
Promissory note entered into on 1/16/19 [5] - 60,000
Secured merchant agreements for future receivables entered into on 3/28/19 [6] - 25,650
Convertible promissory note entered into on 1/11/19 [7] - 26,600
Convertible promissory note entered into on 2/6/19 [8] - 76,686
Convertible promissory note entered into on 3/14/19 [9] - 5,557
Secured merchant agreement for future receivables entered into on 8/16/19 [10] 817,419 -
Secured merchant agreement for future receivables entered into on 8/16/19 [11] 686,979
Convertible promissory note entered into on 7/10/19 [12] 29,570
Convertible promissory note entered into on 8/30/19 [13] 8,052
Convertible promissory note entered into on 9/11/19 [14] 6,132 -
$ 1,613,152 $ 1,977,030

	September 30, 2020		March 31, 2020
Short-term advance received on 8/31/18 [1]	$	35,000	$	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]		95,000		150,000
Promissory note entered into on 4/10/20 [7]		400,000		-
Note issued under the Paycheck Protection Program on 4/17/20 [8]		507,598		-
Loan with the U.S. Small Business Administration dated 4/19/20 [9]		508,322		-
Short-term advance received from a former member of senior management [10]		26,001		-
	$	1,571,921	$	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 six months ended September 30, ~~2019~~2020 we made ~~payments~~repayments of ~~$10,000~~$30,000 on the debt.

[2]	During September 2018, we entered into a Secured Merchant Agreement for future receivables with an entity that provides quick access to working capital. On September 28, 2018, we received proceeds from this arrangement of $570,000. In accordance with the terms of the agreement, we were required to repay $839,400 by making ACH payments in the amount of 10% of our daily cash receipts. Accordingly, we recorded $269,400 as a debt discount at the inception of the agreement, which was the difference between the funds received and the amount that was to be repaid. In February 2019 we replaced this agreement with a new Secured Merchant Agreement (see below), therefore transferring $233,501 of amounts owed to a new agreement. However, prior to the terminating the September agreement, we made payments of $605,899 and amortized $269,400 into interest expense.

	During January 2019, we entered into a Secured Merchant Agreement for future receivables with an entity that provides quick access to working capital. On January 11, 2019, we received proceeds from this arrangement of $349,851. In accordance with the terms of the agreement, we were required to repay $489,650 by making daily ACH payments of $1,000 for the first 30 days following the date of the agreement and daily ACH payments of $2,999 thereafter. Accordingly, we recorded $139,799 as a debt discount at the inception of the agreement, which was the difference between the funds received and the amount that was to be repaid. In February 2019 we replaced this agreement with a new Secured Merchant Agreement (see below), therefore transferring $449,657 of amounts owed to a new agreement. However, prior to the terminating the January agreement, we made payments of $39,993 and amortized $139,799 into interest expense.

~~INVESTVIEW, INC.~~

~~NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS~~

~~AS OF SEPTEMBER 30, 2019~~

~~(Unaudited)~~

	During February 2019, we entered into a Secured Merchant Agreement for future receivables with an entity that provides quick access to working capital. On February 15, 2019, we received proceeds from this arrangement of $73,801 after paying off $233,501 from a September 2018 agreement (see above) and $449,657 from a January 2019 agreement (see above). In accordance with the terms of the agreement, we were required to repay $909,350 by making daily ACH payments of $5,049. Accordingly, we recorded $152,391 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, 2019, we repaid $141,372 and amortized $26,100 into interest expense.

	Effective August 16, 2019 this debt was refinanced and the outstanding balance of $316,093 was rolled into a new debt arrangement, see notation [10] below. During the six months ended September 30, 2019, prior to the refinance, we repaid $451,886 and amortized $126,292 into interest expense.

~~[3]~~	During December 2018, we entered into a Secured Merchant Agreement for future receivables with an entity that provides quick access to working capital. On December 17, 2018, we received proceeds from this arrangement of $380,000. In accordance with the terms of the agreement, we were required to repay $559,600 by making daily ACH payments of $3,000. Accordingly, we recorded $179,600 as a debt discount at the inception of the agreement, which was the difference between the funds received and the amount that was to be repaid. In February 2019 we replaced this agreement with a new Secured Merchant Agreement (see below), therefore transferring $421,600 of amounts owed to a new agreement. However, prior to the terminating the December agreement, we made payments of $138,000 and amortized $179,600 into interest expense.

	During February 2019, we entered into a Secured Merchant Agreement for future receivables with an entity that provides quick access to working capital. On February 15, 2019, we received proceeds from this arrangement of $126,932 after paying off $421,600 from a December 2018 agreement (see above). In accordance with the terms of the agreement, we are required to repay $840,000 by making daily ACH payments of $4,649. Accordingly, we recorded $291,468 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, 2019, we repaid $129,388 and amortized $49,646 into interest expense.

	Effective August 16, 2019 this debt was refinanced and the outstanding balance of $297,033 was rolled into a new debt arrangement, see notation [10] below. During the six months ended September 30, 2019, prior to the refinance, we repaid $413,580 and amortized $241,823 into interest expense.

~~[4]~~	During October 2018, we entered into a Secured Merchant Agreement for future receivables with an entity that provides quick access to working capital. During October 2018, we received proceeds from this arrangement of $77,260. In accordance with the terms of the agreement, we were required to repay $699,500 by making daily ACH payments of $4,372. Accordingly, we recorded $224,500 as a debt discount at the inception of the agreement, which was the difference between the funds received and the amount that was to be repaid. In February 2019 we replaced this agreement with a new Secured Merchant Agreement (see below), therefore transferring $327,880 of amounts owed to a new agreement. However, prior to the terminating the October agreement, we made payments of $371,620 and amortized $224,500 into interest expense.

	During February 2019, we entered into a Secured Merchant Agreement for future receivables with an entity that provides quick access to working capital. On February 15, 2019, we received proceeds from this arrangement of $126,932 after paying off $327,880 from an October 2018 agreement (see above). In accordance with the terms of the agreement, we are required to repay $629,550 by making daily ACH payments of $3,498. Accordingly, we recorded $224,410 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. Also during February 2019, we entered into a second Secured Merchant Agreement with this same entity, receiving proceeds of $288,000. In accordance with the terms of the agreement, we are required to repay $419,700 by making daily ACH payments of $2,332. Accordingly, we recorded $131,700 as a debt discount at the inception of the agreement, which was the difference between the funds received and the amount that was to be repaid. During the year ended March 31, 2019, we repaid $157,410 on these two agreements and amortized $61,330 into interest expense.

	Effective August 16, 2019 this debt was refinanced and the outstanding balance of $382,000 was rolled into a new debt arrangement, see notation [11] below. During the six months ended September 30, 2019, prior to the refinance, we repaid $509,840 and amortized $294,780 into interest expense.

~~[5]~~	In January 2019, we received funds of $631,617 and repaid $511,617 in a series of transactions representing short-term advances. On January 16, 2019, we entered into a short-term promissory note for the resulting $120,000 owed as a result of the transactions. The note had a zero percent interest rate and was due within the shorter of three months or the receipt of cash from a $1 million financing arrangement. During the six months ended September 30, 2019, we repaid $60,000 of the amount due under the note.

~~[6]~~	During March 2019, we entered into a Secured Merchant Agreement for future receivables with an entity that provides quick access to working capital. On March 29, 2019, we received proceeds from this arrangement of $28,500. In accordance with the terms of the agreement, we were required to repay $45,000 by making daily ACH payments of $4,500. Accordingly, we recorded $16,500 as a debt discount at the inception of the agreement, which was the difference between the funds received and the amount that was to be repaid. During the year ended March 31, 2019, we repaid $4,500 and amortized $1,650 into interest expense. During the six months ended September 30, 2019, we repaid $40,500 and amortized $14,850 into interest expense.

~~INVESTVIEW, INC.~~

~~NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS~~

~~AS OF SEPTEMBER 30, 2019~~

~~(Unaudited)~~

~~[7]~~	In January 2019, we entered into a Convertible Promissory Note and received proceeds of $135,000 after incurring loan fees of $3,000. The note incurred interest at 12% per annum and had a maturity date of April 11, 2020. The Convertible Promissory Note had a variable conversion rate that was 65% of the lowest closing price 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 $138,000 and captured loan fees, recorded as interest expense, of $450,005. During the year ended March 31, 2019, we recorded amortization of the debt discount of $23,152 into interest expense and recorded additional interest expense on the note of $3,448. During the six months ended September 30, 2019, we amortized $114,848 into interest expense, recorded additional interest expense on the note of $40,977 (inclusive of a prepayment penalty), and paid off the note, accrued interest, and prepayment penalties for $182,425.

~~[8]~~	In February 2019, we entered into a Convertible Promissory Note and received proceeds of $240,000. The note was issued with a $30,000 original issue discount and loan fees of $3,000, incurred interest at 12% per annum, and had a maturity date of August 6, 2019. In accordance with the terms of the note, we issued 22,500,000 shares of common stock (the “Returnable Shares”) to the note holder as a commitment fee, provided, however, the Returnable Shares must be returned to us if the note is fully repaid and satisfied prior to the date which is 180 days following the issue date. The Convertible Promissory Note had a variable conversion rate that is 65% of the lowest trading price during the previous 20-trading-day period, subject to adjustment. Therefore, the conversion feature was accounted for as a derivative instrument (see Note 7). We allocated the proceeds of the note to the common stock issued and to the fair value of the note, taking into consideration the fair value of the conversion feature. As a result, the common stock was valued at $69,871, we recorded a debt discount of $270,000, and captured loan fees, recorded as interest expense, of $120,128. During the year ended March 31, 2019, we recorded amortization of the debt discount of $72,514 into interest expense and recorded additional interest expense on the note of $4,172. During the six months ended September 30, 2019, we amortized $197,486 into interest expense, recorded additional interest expense on the note of $11,136, and paid off the note and accrued interest for $285,308. In accordance with the terms of the agreement the 22,500,000 Returnable Shares were returned and cancelled (see Note 8).

~~[9]~~	In March 2019, we entered into a Convertible Promissory Note and received proceeds of $135,000 after incurring loan fees of $3,000. The note incurred interest at 12% per annum and had a maturity date of June 14, 2020. The Convertible Promissory Note had a variable conversion rate that was 65% of the average of the two lowest closing 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 $138,000 and captured loan fees, recorded as interest expense, of $64,492. During the year ended March 31, 2019, we recorded amortization of the debt discount of $4,831 into interest expense and recorded additional interest expense on the note of $726. During the six months ended September 30, 2019, we amortized $133,168 into interest expense, recorded additional interest expense on the note of $43,983 (inclusive of a prepayment penalty), and paid off the note, accrued interest, and prepayment penalties for $182,708.

~~[10]~~	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 ~~from a February 2018 agreement (see notation [2] above)~~ and $297,033 from ~~a second~~two separate February ~~2019 agreement (see Note [3] above).~~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 six months ended September 30, ~~2019,~~2020 we ~~repaid $204,690 and~~ amortized ~~$69,713~~$442,894 into interest ~~expense.~~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.

[~~11]~~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 aan October 2018 ~~agreement (see notation [4] above).~~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 six months ended September 30, ~~2019,~~2020 we repaid ~~$174,088~~$330,013, recorded a $5,934 gain on settlement of debt, and amortized ~~$60,686~~$75,857 into interest ~~expense.~~expense

[~~12]~~4]	In ~~July 2019,~~March 2020, we entered into a Convertible Promissory Note and received proceeds of ~~$140,000~~$200,000 after incurring loan fees of $3,000. The note ~~incurs~~incurred interest at ~~12%~~10% per annum and ~~has~~had a maturity date of ~~October 8, 2020.~~June 2, 2021. The Convertible Promissory Note ~~has~~had a variable conversion rate that iswas 65% of the average of the two lowest trading prices during the previous 15-trading-day period, subject to adjustment. Therefore, the conversion feature iswas accounted for as a derivative instrument (see ~~Note~~NOTE 7). At inception, we recorded a debt discount of ~~$143,000~~$203,000 and captured loan fees, recorded as interest expense, of ~~$718,518.~~$116,077. During the ~~six months~~year ended ~~September 30, 2019,~~March 31, 2020, we amortized ~~$25,715~~$11,626 into interest expense, and recorded additional interest expense on the note of ~~$3,855.~~$1,446. During the six months ended September 30, 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.

[~~13]~~5]	In ~~August 2019,~~March 2020, we entered into a Convertible Promissory Note and received proceeds of ~~$100,000~~$150,000 after incurring loan fees of $3,000. The note ~~incurs~~incurred interest at ~~12%~~10% per annum and ~~has~~had a maturity date of ~~November 28, 2020.~~June 10, 2021. The Convertible Promissory Note ~~has~~had a variable conversion rate that iswas 65% of the average of the two lowest trading prices during the previous 15-trading-day period, subject to adjustment. Therefore, the conversion feature iswas accounted for as a derivative instrument (see ~~Note~~NOTE 7). At inception, we recorded a debt discount of ~~$103,000~~$153,000 and captured loan fees, recorded as interest expense, of ~~$69,048.~~$148,432. During the ~~six months~~year ended ~~September 30, 2019,~~March 31, 2020, we amortized ~~$7,002~~$6,711 into interest expense, and recorded additional interest expense on the note of ~~$1,050.~~

~~[14]~~	In September 2019, we entered into a Convertible Promissory Note and received proceeds of $125,000 after incurring loan fees of $3,000. The note incurs interest at 12% per annum and has a maturity date of December 10, 2020. The Convertible Promissory Note has a variable conversion rate that is 65% of the average of the two lowest trading prices during the previous 15-trading-day period, subject to adjustment. Therefore, the conversion feature is accounted for as a derivative instrument (see Note 7). At inception, we recorded a debt discount of $128,000 and captured loan fees, recorded as interest expense, of $53,573.$838. During the six months ended September 30, ~~2019,~~2020, we amortized ~~$5,332~~$44,960 into interest expense and recorded additional interest expense on the note of ~~$800.~~$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.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, ~~2019~~2020

(Unaudited)

In addition to the above debt transactions that were outstanding as of September 30, 2019 and March 31, 2019, during the six months ended September 30, 2019, we also received proceeds of $200,000 from two additional short-term notes ($100,000 each). During the six months ended September 30, 2019, we recorded interest expense of $30,000 for fixed interest and extension fees on the notes and made total cash payments of $230,000 to extinguish the interest and principal amounts due on the notes.

[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 six months ended September 30, 2020 we made repayments of $55,000 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 is, 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 six months ended September 30, 2020 we recorded and paid $83,335 worth of interest expense.

[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. The note has an interest rate of 1% and matures on April 1, 2022. Under the Note we are required to make monthly payments beginning November 1, 2020, however, under the terms of the CARES Act the loan may be forgiven if funds are used for qualifying expenses. During the six months ended September 30, 2020 we recorded $2,298 worth of interest expense on the Note.

[9]	In April 2020 we received proceeds of $500,000 from a loan entered into with the U.S. Small Business Administration. Under the terms of the loan interest is to accrue at a rate of 3.75% per annum and installment payments of $2,437 monthly will begin twelve months from the date of the loan, with all interest and principal due and payable thirty years from the date of the loan. During the six months ended September 30, 2020 we recorded $8,322 worth of interest on the loan.

[10]	During the six months ended September 30, 2020 there was a change in senior management therefore $26,001 due to a former member of the senior management team was reclassified on our balance sheet from a related party payable to debt (see NOTE 5).

NOTE 7 – DERIVATIVE LIABILITY

During the six months ended September 30, ~~2019,~~2020, we had the following activity in our derivative liability account:

Derivative liability at March 31, 2019 $ 1,358,901
Derivative liability recorded on new instruments 1,206,139
Derivative liability reduced by debt settlement (1,342,903 )
Change in fair value (599,257 )
Derivative liability at September 30, 2019 $ 622,880

	Debt			Warrants			Total
Derivative liability at March 31, 2020	$	793,495		$	-		$	793,495
Derivative liability recorded on new instruments		-			6,499			6,499
Derivative liability reduced by debt settlement (see NOTE 6)		(468,941	)		-			(468,941	)
Change in fair value		(324,554	)		(2,234	)		(326,788	)
Derivative liability at September 30, 2020	$	-		$	4,265		$	4,265

We use the binomial option pricing model to estimate fair value for those instruments convertible into common stock, at inception, at conversion or settlement date, and at each reporting date. During the six months ended September 30, ~~2019,~~2020, the assumptions used in our binomial option pricing model were in the following range:

	Debt		Warrants
Risk free interest rate	0.11 - 0.17%	~~1.75%~~	0.21 - ~~2.13%~~0.28%
Expected life in years	0.80 - 1.11	~~0.03~~	4.84 - ~~1.25~~5.00
Expected volatility	128% - 239%	~~270%~~	265% - ~~381%~~306%

NOTE 8 – STOCKHOLDERS’ EQUITY (DEFICIT)

Preferred Stock

We are authorized to issue up to ~~10,000,000~~50,000,000 shares of preferred stock with a par value of $0.001 and our ~~Board~~board of ~~Directors~~directors has the authority to issue one or more classes of preferred stock with rights senior to those of common stock and to determine the rights, privileges, and preferences of that preferred stock. During the six months ended September 30, 2019 our Board of Directors approved the designation of 6,000,000 of the Company’s shares of preferred stock as Series A Convertible Preferred Stock, subject to, and in conjunction with, a Tender Offer Statement filed with, but not yet approved by, the SEC (see Note 11).

Our Series A Convertible Preferred Stock holders are entitled to 500 votes per share, are entitled to receive cumulative dividends at the annual rate of 12% per annum of the liquidation price, equal to $1.20 per share, and can convert one Series A Preferred Stock share into 500 shares of our common stock.

As of ~~September 30, 2019 and~~ March 31, ~~2019~~2020, we had no preferred stock issued or outstanding.

~~Common Stock~~

~~During the six months ended September 30, 2019, we issued 52,215,648 shares of common stock in exchange for net proceeds of $650,000.~~

In conjunction with the sale of common stock during the year ended March 31, 2018, we provided a guarantee to certain individuals such that we would issue additional shares of our common stock if the average closing price of our common stock fell below $0.02 per share on the 20 days preceding the 18-month anniversary of the date the shares were originally sold. As a result of this guarantee, we had recorded $626,388 in accounts payable and accrued liabilities on our balance sheet as of March 31, 2018. During the year ended March 31, 2019, the 18-month anniversary passed without the common stock falling below the set threshold, therefore, we were released from the guarantee, and we increased additional paid-in capital by $525,000 to remove the previously recorded offering costs. During the six months ended September 30, 2019, the 18-month anniversary passed without the common stock falling below the set threshold, therefore, we were released from the guarantee, and we increased additional paid-in capital by $101,387 to remove the previously recorded offering costs.

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, ~~2019~~2020

(Unaudited)

~~Also during~~During the year ended March 31, 2020 our Board of Directors approved the designation of 2,000,000 of the Company’s shares of preferred stock as Series B Cumulative Redeemable Perpetual Preferred Stock (“Series B Preferred Stock”), each with a stated value of $25 per share. Our Series B Preferred Stock holders are entitled to 500 votes per share, are entitled to receive cumulative dividends at the annual rate of 13% per annum of the stated value, equal to $3.25 per annum per share.

During the six months ended September 30, ~~2019,~~2020 we commenced a security offering to sell a total of 2,000,000 units at $25 per unit (“Unit Offering”), such that each unit consisted of: (i) one share of our newly authorized Series B Preferred Stock and (ii) five warrants each exercisable to purchase one share of common stock at an exercise price of $0.10 per warrant share. Each Warrant offered is immediately exercisable on the date of issuance, will expire 5 years from the date of issuance, and its value has been classified as a fair value liability due to the terms of the instrument (see NOTE 7). During the six months ended September 30, 2020 we sold 46,612 units for gross proceeds of $1,165,300, therefore recorded the issuance of 46,612 shares of Series B Preferred Stock and the grant of 233,060 warrants during the period. Of the gross proceeds, $6,499 was allocated to the warrants and recorded as a derivative liability and $1,158,801 was allocated to the preferred stock ($47 recorded as the par value and $1,158,754 allocated to additional paid in capital). Also in conjunction with the Unit Offering we paid $21,000 of offering costs which was allocated between the preferred stock and warrants. The $20,994 allocated to the preferred stock decreased additional paid in capital due to the underlying instrument being classified as equity and the $6 allocated to the warrants was immediately expensed as offering costs due to the underlying instrument being classified as a fair value liability.

Preferred Stock Dividends

During the six months ended September 30, 2020 we recorded $52,342 for the cumulative cash dividends due to the shareholders of our Series B Preferred Stock and paid $14,567 of these amounts owing. As a result we recorded $37,775 as a dividend liability on our balance sheet as of September 30, 2020.

Common Stock

During the six months ended September 30, 2020, we issued ~~241,000,000~~21,000,000 shares of common stock, valued at ~~$3,865,500~~$399,000 based on the market ~~date~~value on the day of issuance, ~~to multiple employees~~ for services and compensation, which is subject to forfeiture if the employee or contractor is not in good standing at the time the shares are fully vested. Of the ~~$3,865,500~~$399,000 value we recognized ~~$1,515,915~~$128,497 as an expense during the six months ending September 30, ~~2019~~2020 and the remaining ~~$2,349,585~~$270,503 will be recognized ratably over the vesting term. In addition, during the six months ended September 30, 2020, we recognized $666,738 as expense due to the vesting of shares of common stock previously issued.

During the six months ended September 30, ~~2019~~2020, we repurchased ~~5,150~~9,079 shares of our common stock from a third party for ~~$102~~$272 and repurchased 106,000,000 shares of our common stock from former members of our senior management team and founders for $120,000, all of which was recorded in Accounts Payable on our balance sheet at September 30, 2020. These shares repurchased were immediately canceled. Also, during the six months ended September 30, 2020 we ~~cancelled 22,500,000 shares that were returned~~recorded an increase in ~~accordance~~Additional Paid in Capital of $2,000,000 related to beneficial conversion features on our related party debt (see NOTE 5) and recorded an increase in Additional Paid in Capital of $373,832 for accrued payroll forgiven by a member of our senior management team at the time his employment with the ~~terms of a Convertible Promissory Note (see Note 6), reducing common stock by $22,500 and increasing additional paid in capital by~~Company ended.

During the ~~same. We also~~six months ended September 30, 2020 we cancelled 200,000,000 shares returned in conjunction with the termination of a Joint Venture Agreement entered into in March of 2019, reducing common stock by $200,000, reducing additional paid in capital by $3,180,000, offset with a reduction in our prepaid asset of ~~$3,380,000. During the six months ended September 30, 2019 we~~$2,428,044 and a reversal of previously recorded ~~a beneficial conversion feature~~expense of ~~$1,000,000 related to a convertible promissory note entered into with a related party (see Note 5).~~$951,956.

As of September 30, ~~2019~~2020 and March 31, ~~2019, the Company~~2020, we had ~~2,710,871,816~~2,929,481,329 and ~~2,640,161,318~~3,214,490,408 shares of common stock issued and outstanding, respectively.

~~Employee Stock Options~~Warrants

The nonqualified plan adopted in 2007 authorized 65,000 shares, of which 47,500 had been granted as of March 31, 2018. The qualified plan adopted in October of 2008 authorizes 125,000 shares and was approved by a majority of our shareholders on September 16, 2009. As of March 31, 2018, 42,500 shares had been granted underDuring the ~~2008 plan. Effective April 1, 2018 we cancelled both the 2007 and 2008 plans, as well as any shares that were allocated under the plans and were not yet issued.~~

~~The following table summarizes the changes in employee stock options outstanding and the related prices for the shares of our common stock issued to employees under two employee stock option plans:~~

Weighted
Weighted Average
Average Remaining Aggregate
Number of Exercise Contractual Intrinsic
Shares Price Life (years) Value
Options outstanding at March 31, 2018 35,000 $ 10.00 1.51 $ -
Granted - $ -
Exercised - $ -
Canceled / expired - $ -
Options outstanding at March 31, 2019 35,000 $ 10.00 0.51 $ -
Granted - $ -
Exercised - $ -
Canceled / expired - $ -
Options outstanding at September 30, 2019 35,000 $ 10.00 0.01 $ -
Options exercisable at September 30, 2019 35,000 $ 10.00 0.01 $ -

~~Stock-based compensation expense in connection with options granted to employees for the three~~six months ended September 30, ~~2019 and 2018, was $0.~~

~~Warrants~~

2020 we granted 233,060 warrants in conjunction with our Unit Offering. The ~~following table summarizes~~warrants are classified as a derivative liability on our balance sheet in accordance with ASC 480, Distinguishing Liabilities from Equity, based on the warrants ~~outstanding and the related prices~~terms that indicate a fundamental transaction could give rise to an obligation for ~~the shares of~~us to pay cash to our ~~common stock as of September 30, 2019:~~warrant holders (see NOTE 7).

Warrants Outstanding Warrants Exercisable
Weighted
Average Weighted Weighted
Remaining Average Average
Exercise Number Contractual Exercise Number Exercise
Price Outstanding Life (Years) Price Exercisable Price
$ 1.50 599,800 0.25 $ 1.50 599,800 $ 1.50

INVESTVIEW, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, ~~2019~~2020

(Unaudited)

~~Transactions involving~~Details of our ~~warrant issuance are summarized~~warrants outstanding as of September 30, 2020 is as follows:

Weighted
Number of Average
Shares Exercise Price
Warrants outstanding at March 31, 2018 6,169,497 $ 1.50
Granted / restated - $ -
Canceled - $ -
Expired (1,117,000 ) $ 1.48
Warrants outstanding at March 31, 2019 5,052,497 $ 1.50
Granted - $ -
Canceled - $ -
Expired (4,452,697 ) $ 1.50
Warrants outstanding at September 30, 2019 599,800 $ 1.50

Exercise Price			Warrants Outstanding		Warrants Exercisable		Weighted Average Contractual Life (Years)
$	0.10		233,060		233,060		4.79

NOTE 9 – COMMITMENTS AND CONTINGENCIES

Litigation

In the ordinary course of business, we may be, or have been, involved in legal proceedings from time to time. ~~Below is a description of all legal proceedings we were involved in during~~During the six months ended September 30, ~~2019.~~2020 we were not involved in any material legal proceedings.

	●	In February 2018, we received a subpoena from the United States Commodity Futures Trading Commission (“CFTC”). We complied with the terms of the subpoena, negotiated a resolution of this matter with the CFTC staff, and a final order was issued on September 14, 2018. Under the order, we are not admitting or denying any of the allegations, will pay a fine of $150,000, and have agreed not to act as an unregistered Commodities Trading Advisor in the future. As of September 30, 2019 we have paid all amounts owed to CFTC and no unpaid balance remains.

	●	In April of 2019, we received a Summons and Complaint from Fibernet Corp making claims of unpaid invoices and breach of contracts entered into in February 2012 and January 2015 as RazorData Corp. Without admitting fault or liability, in June of 2019, we entered into an agreement with Fibernet Corp to settle all claims and release us from any future claims in exchange for a payment of $35,160 to avoid ongoing litigation related to this matter.

NOTE 10 – OPERATING LEASE

In February 2016, the FASB issued ASU No. 2016-02,Leases. The new standard establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases. Leases are classified as either finance or operating with classification affecting the pattern of expense recognition in the statement of operations. We adopted ASU No. 2016-02 on April 1, 2019. We did not record a lease asset and lease liability as of the adoption date as we had no lease arrangements or lease obligation at that time.

~~During the six months ended September 30,~~In August 2019 we entered ~~two~~an operating ~~leases~~lease for office space in Eatontown, New Jersey (the “Eatontown Lease”) and in September 2019 we entered an operating lease for office space in Kaysville, Utah (the “Kaysville Lease”). We have the option to extend the three year lease term of the Eatontown Lease for a period of one year. In addition, we are obligated to pay twelve monthly installments to cover an annual utility charge of $1.75 per rentable square foot for electric usage within the demised premises. As the lessor has the right to digitally meter and charge us accordingly, these payments were deemed variable and will be expensed as incurred. During the three and six months ended September 30, ~~2019~~2020 the variable lease costs amounted to ~~$554~~$831 and ~~$554,~~$1,662, respectively. At commencement of the Eatontown Lease, right-of-use assets obtained in exchange for new operating lease liabilities amounted to $110,097. ~~We have the option to extend the twelve-and-a-half-month lease term of the Kaysville Lease for a period of one year.~~ At commencement of the Kaysville Lease, right-of-use assets obtained in exchange for new operating lease liabilities amounted to $21,147.

~~INVESTVIEW, INC.~~

~~NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS~~

~~AS OF SEPTEMBER 30, 2019~~

~~(Unaudited)~~ As of October 1, 2020, the Company began leasing the property located in Kaysville on a month to month basis.

Operating lease expense was ~~$8,233~~$16,397 and ~~$8,233~~$32,794 for the three and six months ended September ~~31, 2019, respectively.~~30, 2020. Operating cash flows used for the operating leases during the three and six months ended September 30, ~~2019~~2020 were ~~$5,900~~$16,897 and ~~$5,900, respectively.~~$32,794. As of September 30, ~~2019,~~2020, the weighted average remaining lease term was ~~2.54~~1.83 years and the weighted average discount rate was 12%.

Future minimum lease payments under non-cancellable leases as of September 30, 2019 were as follows:

Remainder of 2020	$	27,794
2021		56,794
Remainder of 2021				$	24,000
2022		48,000			48,000
2023		16,000			16,000
Total		148,588			88,000
Less: Interest		(20,903	)		(8,572	)
Present value of lease liability		127,685			79,428
Operating lease liability, current [1]		(59,450	)		(48,000	)
Operating lease liability, long term	$	68,235		$	31,428

[1] Represents lease payments to be made in the next 12 months

NOTE 11 – SUBSEQUENT EVENTS

Subsequent to September 30, ~~2019~~2020, we ~~filed a Tender Offer Statement with the United States Securities and Exchange Commission (“SEC”). Upon SEC approval we will offer to exchange shares~~paid $7,601 of ~~our currently outstanding common stock for newly-issued shares~~dividends that were accrued as of ~~our Convertible Preferred Series A Stock.~~

~~Subsequent~~September 30, 2020. Also, subsequent to September 30, ~~2019~~2020, we received ~~$570,000~~gross proceeds of $93,300 in ~~proceeds from related party advances, received $175,000 in proceeds from the sale of 7,000,000 shares of~~connection with our ~~common stock, and issued 12,400,000 shares of our common stock for services.~~Unit Offering.

In accordance with ASC Topic 855, Subsequent Events, we have evaluated subsequent events through the date of this filing and have determined that there are no additional subsequent events that require disclosure.

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

Forward-Looking Statements

The following discussion should be read in conjunction with our consolidated financial statements and notes to our financial statements included elsewhere in this report. This discussion contains forward-looking statements that involve risks and uncertainties. When the words “believe,” “expect,” “plan,” “project,” “estimate,” and similar expressions are used, they identify forward-looking statements. These forward-looking statements are based on management’s current beliefs and assumptions and information currently available to management, and involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by these forward-looking statements. Information concerning factors that could cause our actual results to differ materially from these forward-looking statements can be found in our periodic reports filed with the Securities and Exchange Commission (“SEC”). The forward-looking statements included in this report are made only as of the date of this report. We disclaim any obligation to update any forward-looking statements whether as a result of new information, future events, or otherwise.

Business Overview

We ~~provide~~are an emerging leader in the financial technology (FINTECH) sector, leveraging the latest innovations in technology for financial education, services and interactive tools. Our family of 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.

Under our parent company, Investview, Inc., our significant operating subsidiaries include:

Kuvera, LLC and Kuvera France S.A.S. – provides financial education and ~~technology designed to assist~~cost savings tools for individuals in navigating the financial markets. Our services include research, newsletter alerts, and live education rooms that provide instruction on the subjects of equities, options, FOREX, ETFs, binary options, crowdfunding and cryptocurrency mining services and sector education. In addition to tools and research, we offer education and technology applications to assist individuals in debt reduction, increased savings, budgeting, and proper tax expense management.worldwide.

~~Each product subscription includes~~S.A.F.E. Management, LLC – trade advisory services for those who lack the time to trade for themselves.

SAFETek, LLC – deploying next generation processing technologies for artificial intelligence, data mining and blockchain technologies.

APEX Tek, LLC – delivers the APEX program which permits individuals to purchase assets that will generate monthly cash flow. As of September 30, 2020 we have ceased selling the APEX package. We may re-introduce APEX at a core set of 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. Four packages are available through a monthly subscription that can be cancelled at any time at the discretionlater date after further evaluation of the customer. A unique component of the product marketing plan is the distribution method whereby all subscriptions are sold via current participating customers who choose to distribute and sell the services. The bonus plan participation is purely optional, but enables individuals to create an additional income stream to further support their personal financial goals and objectives.

Our target market is comprised of individuals who seek to learn how to improve their financial condition and desire to learn how to reduce debt, budget their income, increase savings, and allocate their financial resource to create additional income both active and passive. We believe our marketing strategy is unique. Customer acquisition is realized through word-of-mouth marketing by those customers who actively distribute the product through home meetings, in person presentations, one-on-one interaction, and large seminars organized and delivered by the distributors in conjunction with the company. We plan to continue to develop the in-place network and anticipate significant growth initiatives in foreign markets.

We believe our past preparation will support growth without a significant increase in expenses other than customer support and the bonus plan, which rises commensurate with revenues. Our investment in our platform, personnel, and executive management has provided us the ability to handle over four times our current volume.model.

Results of Operations

Three Months Ended September 30, ~~2019~~2020 Compared to Three Months Ended September 30, ~~2018~~2019

Revenues

We recorded net revenue of ~~$7,242,124~~$7,753,337 for the three months ended September 30, ~~2019,~~2020, which was ~~a decrease~~an increase of ~~$855,624~~$511,213 or ~~11%~~7%, from the prior period revenue of ~~$8,097,748. This decrease was due to a minor loss of repeat subscription customers coupled with our lack of cryptocurrency service revenue.~~$7,242,124. The ~~lack of cryptocurrency revenue~~increase can be explained by our ~~termination~~$2,493,739 increase in mining revenues earned in the current year as a result of our cryptocurrency mining operations versus no such revenue in the prior year. This was offset by a decrease in subscription sales of $1,980,867, which was mostly due to the impact of the ~~agent arrangement with a third-party supplier of crypotocurrency mining services.~~Covid-19 pandemic and its overall impact to the economy. Our gross billings increased by 3%, or $266,075, to $8,096,604 in the three months ended September 30, 2020, versus $7,830,529 in the three months ended September 30, 2019; however, this was offset by refunds, incentives, credits, chargebacks, and amounts paid to suppliers.

Operating Costs and Expenses

We recorded operating costs and expenses of ~~$9,315,243~~$7,182,320 for the three months ended September 30, ~~2019,~~2020, which was ~~an increase~~a decrease of ~~$79,730,~~$2,132,923, or 1%23%, from the prior period’s operating costs and expenses of ~~$9,235,513. While most costs stayed consistent~~$9,315,243. The decrease can be explained by the ~~largest increase was~~decrease in our salary and related expenses ~~which~~of $1,751,038, or 68%, from $2,567,592 for the three months ended September 30, 2019, to $816,554 for the three months ended September 30, 2020, the decrease in commissions of $930,464, or 21%, from $4,347,177 for the three months ended September 30, 2019, to $3,416,713 for the three months ended September 30, 2020, and the decrease in our general and administrative expenses of $998,287, or 73%, from $1,363,113 for the three months ended September 30, 2019, to $364,826. These decreases were offset by the increase in cost of sales and service of $1,435,764 or 497% from $289,045 for the three months ended September 30, 2019 to $1,724,809 for the three months ended September 30, 2020. The increase in cost of sales and service was ~~due~~a result of mining costs incurred in the current period as it related to the ~~Company recording $1,515,915 worth of stock for services and compensation.~~increase in mining revenue. The ~~increase was offset by decreases~~decrease in commissions ~~which~~ was a result of our bonus plans paying out beyond our maximum threshold in the prior period due to certain bonus programs in place, which has since been adjusted to reduce such payouts. For the three months ended September 30, 2020 commissions as a percent of total net revenue was 44%, versus 60% in the prior period. Lastly, decreases in salary and general and administrative expenses was due to the Company terminating the sales program related to the APEX package and being able to cut back on operating costs that existed in the prior period, along with our cancellation of 200,000,000 shares that were returned in conjunction with the termination of a Joint Venture Agreement which resulted in the reversal of previously recorded expense of $951,956.

Other Income and Expenses

We recorded other ~~income~~expense of ~~$321,391~~$1,756,480 for the three months ended September 30, ~~2019,~~2020, which was a difference of ~~$1,664,299,~~$2,077,871, or ~~84%~~647%, from the prior period other income of ~~$1,985,690.~~$321,391. The change is due to ~~the gain~~a loss on ~~bargain purchase recorded as a result~~fair value of ~~the United Games, LLC and United League, LLC acquisition that took place during~~derivative liability of $20,847 recognized in the three months ended September 30, ~~2018, as~~2020 compared to ~~no such~~a gain inof $2,358,447 for the ~~prior period.~~three months ended September 30, 2019.

Six Months Ended September 30, ~~2019~~2020 Compared to Six Months Ended September 30, ~~2018~~2019

Revenues

We recorded net revenue of ~~$14,753,837~~$13,343,153 for the six months ended September 30, ~~2019,~~2020, which was a decrease of ~~$855,732~~$1,410,684 or 5%10%, from the prior period revenue of $15,609,569. While the decrease appears immaterial there was a substantial increase in our customer base resulting in increased net subscription revenues of $917,222, which was offset by a decrease of $1,778,323 in our net cryptocurrency revenue. The increase in our customer base was largely due to our establishment of Kuvera France, S.A.S. in November of 2018 and sales occurring in the European Union in the current period compared to no similar sales in the prior period.$14,753,837. The decrease ~~in cryptocurrency revenue~~ can be explained by our ~~termination~~$5,249,323 decrease in subscription sales offset by our $3,836,285 increase in mining revenues earned in the current year as a result of our cryptocurrency mining operations versus no such revenue in the prior year. The decrease in subscription sales was due to attrition and an overhaul in the compensation plan of Kuvera during the third quarter of fiscal year 2019, resulting in a loss of repeat subscription customers, coupled with the impact of the ~~agent arrangement with a third-party supplier of crypotocurrency mining services.~~Covid-19 pandemic and its overall impact to the economy. Our gross billings decreased by 13%, or $2,120,107, to $14,003,123 in the six months ended September 30, 2020, versus $16,123,230 in the six months ended September 30, 2019; however, this was offset by refunds, incentives, credits, chargebacks, and amounts paid to suppliers.

Operating Costs and Expenses

We recorded operating costs and expenses of ~~$17,652,097~~$15,778,934 for the six months ended September 30, ~~2019,~~2020, which was a decrease of ~~$600,676,~~$1,873,163, or 3%11%, from the prior period’s operating costs and expenses of ~~$18,252,773. This change is principally~~$17,652,097. The decrease can be explained by the decrease in our salary and related expenses of $1,674,057, or 45%, from $3,711,446 for the six months ended September 30, 2019, to $2,037,389 for the six months ended September 30, 2020, the decrease in commissions of $2,425,603, or 26%, from $9,216,147 for the six months ended September 30, 2019, to $6,790,544 for the six months ended September 30, 2020. These decreases were offset by the increase in cost of sales and service of $2,104,635 or 395% from $532,498 for the six months ended September 30, 2019 to $2,637,133 for the six months ended September 30, 2020. The increase in cost of sales and service was a result of amining costs incurred in the current period as it related to the increase in mining revenue. The decrease ~~of $3,013,119, or 25%,~~ in commissions ~~which~~ was a result of our bonus plans paying out beyond our maximum threshold in the prior period due to certain bonus programs in place, which has since been adjusted to reduce such payouts. ~~The decrease~~For the six months ended September 30, 2020 commissions as a percent of total net revenue was ~~offset by an increase~~51%, versus 62% in the prior period. Lastly, decreases in salary ~~and related costs which~~expenses was due to the Company ~~recording $1,515,915 work of stock for services~~terminating the sales program related to the APEX package and ~~compensation.~~being able to cut back on operating costs that existed in the prior period.

Other Income and Expenses

We recorded other expense of ~~$1,853,879~~$3,662,484 for the six months ended September 30, ~~2019,~~2020, which was a difference of ~~$3,980,938,~~$1,808,605, or ~~187%~~98%, from the prior period other ~~income~~expense of ~~$2,127,059.~~$1,853,879. The change is due to an increase in interest expense recorded in the ~~gain on bargain purchase recorded as a result of the United Games, LLC and United League, LLC acquisition that took place during the three~~six months ended September 30, ~~2018,~~2020 as ~~compared~~it relates to ~~no such gain in~~ the ~~prior period. Additionally, in~~interest required to be recognized on the ~~current period there was interest expense~~financial liability recorded ~~of $3,741,731 offset by a gain on debt extinguishment of $1,281,477, whereas in the prior period interest expense was only $9,147~~for our APEX sale and ~~there was a gain on debt extinguishment of $19,387.~~leaseback transactions.

Liquidity and Capital Resources

During the six months ended September 30, ~~2019,~~2020, we incurred a net loss of ~~$4,759,521. This loss was funded by~~$6,101,547. However, we were able to generate $661,629 in cash ~~provided by~~through our operating ~~activities~~activities. We used this cash, along with $1,942,338 of ~~$3,524,823 offset by~~ cash ~~used in investing activities of $1,720,116 and cash used in~~generated from financing activities to fund operations and fund the purchase of ~~$682,475.~~$1,717,289 worth of fixed assets. As a result, our cash, ~~and~~ cash equivalents, and restricted cash increased by ~~$1,124,529~~$886,678 to ~~$1,258,173~~$1,023,855 as compared to ~~$133,644~~$137,177 at the beginning of the fiscal year.

~~Our~~As of September 30, 2020, our current liabilities exceeded our current assets ~~(working~~equal to a working capital ~~deficit) by $7,813,471 as~~deficit of ~~September 30, 2019, as compared to $2,222,990 at~~$18,383,173. As of March 31, ~~2019. The increase in~~2020, the working capital deficit is due to an increase in our customer advance of $3,448,476 and an increase in our other current liabilities of $2,676,000, offset by an increase in cash and cash equivalents of $1,124,529. Both increases in customer advances and other current liabilities is due to cash received for the Company’s APEX program, which has resulted in the Company recording financial liabilities for amounts to be repaid under the program.was $14,123,625.

During the six months ended September 30, 2019, we raised $1,322,651 in cash proceeds from new debt arrangements, raised $1,459,500 in cash proceeds from related parties, and received $650,000 from the sale of our common stock. Additionally, net cash provided by operations was $3,524,823 for the six months ended September 30, 2019.

Going Concern

These interim unaudited financial statements have been prepared on the going concern basis, which assumes that adequate sources of financing will be obtained as required and that our assets will be realized and liabilities settled in the ordinary course of business. Accordingly, the interim unaudited financial statements do not include any adjustments related to the recoverability of assets and classification of assets and liabilities that might be necessary should we not be unable to continue as a going concern.

Our audited consolidated financial statements for the year ended March 31, ~~2019,~~2020, state that our historical losses, accumulated deficit, cash balance, and working capital deficit raise substantial doubts 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. Going forward, we plan to reduce obligations with cash flow provided by operational growth as we have been, and plan to continue, reducing bonus payouts, increasing sources of income and business activities in new sectors, and utilizing our acquired assets to generate positive cash flow and reduce debt. Additionally, we plan to pursue additional debt and equity financing and to find short term capital in arrangements that are partnership based with elements of debt and equity combined.

Critical 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 ~~three and~~ six months ended September 30, ~~2019,~~2020 are not necessarily indicative of the operating results that may be expected for the year ending March 31, ~~2020.~~2021. These unaudited condensed consolidated financial statements should be read in conjunction with the March 31, ~~2019~~2020 consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended March 31, ~~2019.~~2020.

Principles of Consolidation

The consolidated financial statements include the accounts of Investview, Inc., and our wholly owned subsidiaries, Kuvera, LLC, Investment Tools & Training, LLC, Apex Tek, LLC (formerly Razor Data, LLC), S.A.F.E. Management, LLC, SafeTek, LLC (formerly WealthGen Global, LLC), United Games, LLC, United League, LLC, and Kuvera France S.A.S. 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 are similar to those of Kuvera, LLC. As a result, through March 31, 2019 we had consolidated the accounts of this variable interest entity into the accompanying 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 is 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.

Use of Estimates

Sale and Leaseback

During the six months ended September 30, ~~2019~~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		5,001,622			-			5,001,622
Interest recorded on financial liability		8,348,378			(8,348,378	)		-
Payments made for leased equipment		(2,125,300	)		-			(2,125,300	)
Interest expense		-			3,995,914			3,995,914
Balance as of September 30, 2020	$	65,052,700		$	(42,887,800	)	$	22,164,900		$	14,077,200	$	8,087,700

[1] Represents lease payments to be made in the next 12 months

The $42,887,800 is expected to be recognized into interest as follows:

Remainder of 2021	$	4,782,861
Fiscal year ending March 31, 2022		9,565,721
Fiscal year ending March 31, 2023		9,565,721
Fiscal year ending March 31, 2024		9,565,721
Fiscal year ending March 31, 2025 and beyond		9,407,776
	$	42,887,800

~~As of~~During the six months ended September 30, ~~2019~~2020 we ~~have~~ received ~~proceeds of $3,118,197 in~~ additional ~~deposits~~proceeds for APEX sales which ~~has been~~were recorded in the customer advance amount shown on our balance ~~sheet.~~sheet, resulting in a net increase in the account of $81,845 since March 31, 2020. As of September 30, 2020 we have ceased selling the APEX package. We may re-introduce APEX at a later date after further evaluation of the model.

Revenue Recognition

Subscription Revenue

~~We generate revenue from~~Mining Revenue

Fee Revenue

Revenue generated for the six months ended September 30, 2020 is as follows:

	Subscription Revenue			Mining Revenue		Fee Revenue		Total
Gross billings/receipts	$	10,159,115		$	3,836,285	$	7,723	$	14,003,123
Refunds, incentives, credits, and chargebacks		(659,970	)		-		-		(659,970	)
Net revenue	$	9,499,145		$	3,836,285	$	7,723	$	13,343,153

For the six months ended September 30, 2020 foreign and domestic revenues were approximately $9 million and $4.4 million, respectively.

Revenue generated for the six months ended September 30, 2019 is as follows:

	Subscription Revenue			Equipment Sales		Cryptocurrency Mining Revenue		Fee Revenue		Total			Subscription Revenue			Mining Revenue		Fee Revenue		Total
Gross billings	$	16,117,861		$	-	$	-	$	5,369	$	16,123,230
Gross billings/receipts													$	16,117,861		$	-	$	5,369	$	16,123,230
Refunds, incentives, credits, and chargebacks		(1,369,393	)		-		-		-		(1,369,393	)		(1,369,393	)		-		-		(1,369,393	)
Amounts paid to supplier		-			-		-		-		-
Net revenue	$	14,748,468		$	-	$	-	$	5,369	$	14,753,837		$	14,748,468		$	-	$	5,369	$	14,753,837

For the six months ended September 30, 2019 foreign and domestic revenues were approximately $13.9 million and $800,000, respectively.

Revenue generated for the ~~six~~three months ended September 30, ~~2018~~2020 is as follows:

	Subscription Revenue			Equipment Sales		Cryptocurrency Mining Revenue			Fee Revenue		Total			Subscription Revenue			Mining Revenue		Fee Revenue		Total
Gross billings	$	14,677,640		$	-	$	5,649,601		$	-	$	20,327,241
Gross billings/receipts														$	5,599,155		$	2,493,739	$	3,710	$	8,096,604
Refunds, incentives, credits, and chargebacks		(846,394	)		-		-			-		(846,394	)		(343,267	)		-		-		(343,267	)
Amounts paid to supplier		-			-		(3,871,278	)		-		(3,871,278	)
Net revenue	$	13,831,246		$	-	$	1,778,323		$	-	$	15,609,569		$	5,255,888		$	2,493,739	$	3,710	$	7,753,337

For the three months ended September 30, 2020 foreign and domestic revenues were approximately $7.3 million and $426,000, respectively.

Revenue generated for the three months ended September 30, 2019 is as follows:

	Subscription Revenue			Equipment Sales		Cryptocurrency Mining Revenue		Fee Revenue		Total			Subscription Revenue			Mining Revenue		Fee Revenue		Total
Gross billings	$	7,825,160		$	-	$	-	$	5,369	$	7,830,529
Gross billings/receipts													$	7,825,160		$	-	$	5,369	$	7,830,529
Refunds, incentives, credits, and chargebacks		(588,405	)		-		-		-		(588,405	)		(588,405	)		-		-		(588,405	)
Amounts paid to supplier		-			-		-		-		-
Net revenue	$	7,236,755		$	-	$	-	$	5,369	$	7,242,124		$	7,236,755		$	-	$	5,369	$	7,242,124

~~Revenue generated for~~For the three months ended September 30, ~~2018 is as follows:~~2019 foreign and domestic revenues were approximately $6.8 million and $403,000, respectively.

Subscription
Revenue

Equipment
Sales

Cryptocurrency
Mining Revenue
Fee Revenue Total
Gross billings $ 8,166,854 $ - $ 1,480,131 $ - $ 9,646,985
Refunds, incentives, credits, and chargebacks (446,997 ) - - - (446,997 )
Amounts paid to supplier - - (1,102,240 ) - (1,102,240 )
Net revenue $ 7,719,857 $ - $ 377,891 $ - $ 8,907,748

Recently Issued Accounting Pronouncements

Off-Balance Sheet Arrangements

We do not have any off-balance sheet arrangements that are reasonably likely to have a current or future effect on our financial condition, revenues, and results of operations, liquidity, or capital expenditures.

ITEM 3 – QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and, as such, are not required to provide the information under this item.

ITEM 4 – CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Our management, with the participation of our Chief Executive Officer and Acting Chief Financial Officer, evaluated the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15 under the Securities Exchange Act of 1934 (the “Exchange Act”) as of the end of the period covered by this Quarterly Report on Form 10-Q. In designing and evaluating the disclosure controls and procedures, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. In addition, the design of disclosure controls and procedures must reflect the fact that there are resource constraints and that management is required to apply its judgment in evaluating the benefits of possible controls and procedures relative to their costs.

Our disclosure controls and procedures are designed to provide reasonable, not absolute, assurance that the objectives of our disclosure control system are met. Because of inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues, if any, within a company have been detected. Our Chief Executive Officer and Acting Chief Financial Officer have concluded, based on their evaluation as of the end of the period covered by this report, that our disclosure controls and procedures were ~~not~~ effective.

Changes in Internal Controls

There were no changes in our internal controls over financial reporting during the fiscal quarter ended September 30, ~~2019,~~2020, that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

PART II – OTHER INFORMATION

ITEM 1 – LEGAL PROCEEDINGS

In the ordinary course of business, we may be or have been involved in legal proceedings from time to ~~time. Below~~time; however we do not anticipate that the outcome of such matters and disputes will materially affect our financial statements.

None of our directors, officers, or affiliates is ~~a description of all legal proceedings we were~~ involved in ~~during the six months ended September 30, 2019.~~a proceeding adverse to our business or has a material interest adverse to our business.

●

In February 2018, we received a subpoena from the United States Commodity Futures Trading Commission (“CFTC”). We complied with the terms of the subpoena, negotiated a resolution of this matter with the CFTC staff, and a final order was issued on September 14, 2018. Under the order, we are not admitting or denying any of the allegations, will pay a fine of $150,000, and have agreed not to act as an unregistered Commodities Trading Advisor in the future. As of September 30, 2019 we have paid all amounts owed to CFTC and no unpaid balance remains.

ITEM 1.A – RISK FACTORS

N/A

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

~~In August and September 2019 we issued 13,000,000 shares of our common stock for proceeds of $325,000.~~None.

In July 2019, we entered into a Convertible Promissory Note and received proceeds of $140,000 after incurring loan fees of $3,000. The note incurs interest at 12% per annum and has a maturity date of October 8, 2020. The Convertible Promissory Note has a variable conversion rate that is 65% of the average of the two lowest trading prices during the previous 15-trading-day period, subject to adjustment.

In August 2019, we entered into a Convertible Promissory Note and received proceeds of $100,000 after incurring loan fees of $3,000. The note incurs interest at 12% per annum and has a maturity date of November 28, 2020. The Convertible Promissory Note has a variable conversion rate that is 65% of the average of the two lowest trading prices during the previous 15-trading-day period, subject to adjustment.

In September 2019, we entered into a Convertible Promissory Note and received proceeds of $125,000 after incurring loan fees of $3,000. The note incurs interest at 12% per annum and has a maturity date of December 10, 2020. The Convertible Promissory Note has a variable conversion rate that is 65% of the average of the two lowest trading prices during the previous 15-trading-day period, subject to adjustment.

~~In October 2019 we received $175,000 in proceeds from the sale of 7,000,000 shares of our common stock and issued 12,400,000 shares of our common stock for services.~~

The securities represented by each of the transactions described above were issued in reliance on the exemption from registration provided in Section 4(a)(2) of the Securities Act of 1933, as amended, for transactions not involving any public offering. Each of the investors is either an “accredited investor” as defined in Rule 501(a) of Regulation D. Each investor confirmed the foregoing and acknowledged that the securities must be acquired and held for investment. All certificates evidencing the shares of common stock issued or issuable upon conversion of the notes, issuances under the restricted stock grants, or upon the exercise of the warrants will bear a restrictive legend. No underwriter participated in the offer and sale of these securities, and no commission or other remuneration was paid or given directly or indirectly in connection therewith.

ITEM 3 – DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4 – MINE SAFETY DISCLOSURES

Not applicable.

ITEM 5 – OTHER INFORMATION

None.

ITEM 6 – EXHIBITS

The following exhibits are filed as a part of this report:

Exhibit Number*	Title of Document	Location

Item 10	Material Contracts

~~10.49~~	~~Securities Purchase and Royalty Agreement between Investview, Inc. and Brian McMullen dated as of July 23, 2019~~	~~Incorporated by reference to the Current Report on Form 8-K filed August 1, 2019~~

~~10.50~~	~~Convertible Promissory Note dated as of July 23, 2019~~	~~Incorporated by reference to the Current Report on Form 8-K filed August 1, 2019~~

~~10.51~~	~~Employment Agreement between Investview, Inc. and Jayme McWidener, effective as of September 15, 2019~~	~~Incorporated by reference to the Current Report on Form 8-K filed September 12, 2019~~

~~10.52~~	~~Revenue Share Agreement dated September 16, 2019, and executed October 1, 2019~~	~~Incorporated by reference to the Current Report on Form 8-K filed October 7, 2019~~

~~10.53~~	~~Agreement to Terminate Joint Venture Agreement of March 5, 2019, dated September 16, 2019, and executed October 1, 2019~~	~~Incorporated by reference to the Current Report on Form 8-K filed October 7, 2019~~

Item 31	Rule 13a-14(a)/15d-14(a) Certifications
31.01	Certification of Principal Executive Officer Pursuant to Rule 13a-14	This filing.

31.02	Certification of Principal Financial Officer Pursuant to Rule 13a-14	This filing.

Item 32	Section 1350 Certifications
32.01	Certification of Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002	This filing.

32.02	Certification of Acting Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002	This filing.

Item 101***	Interactive Data File
101.INS	XBRL Instance Document	This filing.

101.SCH	XBRL Taxonomy Extension Schema	This filing.

101.CAL	XBRL Taxonomy Extension Calculation Linkbase	This filing.

101.DEF	XBRL Taxonomy Extension Definition Linkbase	This filing.

101.LAB	XBRL Taxonomy Extension Label Linkbase	This filing.

101.PRE	XBRL Taxonomy Extension Presentation Linkbase	This filing.

All exhibits are numbered with the number preceding the decimal indicating the applicable SEC reference number in Item 601 and the number following the decimal indicating the sequence of the particular document. Omitted numbers in the sequence refer to documents previously filed as an exhibit.


**	Identifies each management contract or compensatory plan or arrangement required to be filed as an exhibit as required by Item 15(a)(3) of Form 10-K.


***	Users of this data are advised that, pursuant to Rule 406T of Regulation S-T, these interactive data files are deemed not filed or part of a registration statement or Annual Report for purposes of Sections 11 or 12 of the Securities Act of 1933 or Section 18 of the Exchange Act of 1934 and otherwise are not subject to liability.

SIGNATURE PAGE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	INVESTVIEW, INC.

Dated: November ~~14, 2019~~9, 2020	By:	/s/ ~~Annette Raynor~~Joseph Cammarata
		~~Annette Raynor~~Joseph Cammarata
		Chief Executive Officer
		(Principal Executive Officer)

Dated: November ~~14, 2019~~9, 2020	By:	/s/ Jayme L. McWidener
		Jayme L. McWidener
		Chief Financial Officer
		(Principal Financial Officer and Accounting Officer)

Title of each class		Trading Symbol(s)		Name of each exchange on which registered

	Large accelerated filer [ ]		Accelerated filer [ ]
	Non-accelerated filer ~~[ ]~~[X]		Smaller reporting company [X]
	Emerging growth company [ ]

Proceeds from sales of APEX	$	3,605,818
Interest recognized on financial liability		220,978
Payments made for leased equipment		(297,500	)
Total financial liability		3,259,296
Other current liabilities [1]		(2,676,000	)
Other long-term liabilities	$	853,296

Derivative liability at March 31, 2019	$	1,358,901
Derivative liability recorded on new instruments		1,206,139
Derivative liability reduced by debt settlement		(1,342,903	)
Change in fair value		(599,257	)
Derivative liability at September 30, 2019	$	622,880

					Weighted
			Weighted		Average
			Average		Remaining		Aggregate
	Number of		Exercise		Contractual		Intrinsic
	Shares		Price		Life (years)		Value
Options outstanding at March 31, 2018		35,000	$	10.00		1.51	$	-
Granted		-	$	-
Exercised		-	$	-
Canceled / expired		-	$	-
Options outstanding at March 31, 2019		35,000	$	10.00		0.51	$	-
Granted		-	$	-
Exercised		-	$	-
Canceled / expired		-	$	-
Options outstanding at September 30, 2019		35,000	$	10.00		0.01	$	-
Options exercisable at September 30, 2019		35,000	$	10.00		0.01	$	-