Investview, Inc. - FORM 10-Q - November 20, 2015

Attached files

file	filename
EX-31.2 - EXHIBIT 31.2 - Investview, Inc.	v425203_ex31-2.htm
EX-32.2 - EXHIBIT 32.2 - Investview, Inc.	v425203_ex32-2.htm
EX-31.1 - EXHIBIT 31.1 - Investview, Inc.	v425203_ex31-1.htm
EX-32.1 - EXHIBIT 32.1 - Investview, Inc.	v425203_ex32-1.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

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

For the quarterly period ended September 30, 2015

TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT

For the transition period from ________________ to _______________

000-27019

(Commission file number)

Investview, Inc.

(Exact name of registrant as specified in its charter)

Nevada	87-0369205
(State or other jurisdiction	(IRS Employer
of incorporation or organization)	Identification No.)

54 Broad Street, Suite 303

Red Bank, New Jersey 07701

(732) 380-7271

(Issuer's telephone number)

Indicate by check mark whether the issuer (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes x No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes x No ¨

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

Large accelerated filer ¨	Accelerated filer ¨
Non-accelerated filer ¨	Smaller reporting company x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ¨ No x

As of November 20, 2015, there were 14,616,911 shares of common stock, (of which 1,300 shares are in treasury), par value $.001 per share, outstanding.

PART I	FINANCIAL INFORMATION	3

Item 1.	Financial Statements	3

	Condensed Consolidated Balance Sheets as of September 30, 2015 (Unaudited) and March 31, 2015.	3

	Condensed Consolidated Statements of Operations for the Three and Six Months Ended September 30, 2015 and 2014 (Unaudited)	4

	Condensed Consolidated Statements of Cash Flows for the Six Months Ended September 30, 2015 and 2014 (Unaudited)	5

	Notes to Condensed Consolidated Financial Statements as of September 30, 2015 (Unaudited)	6

Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	19

Item 3.	Quantitative and Qualitative Disclosures About Market Risk	25

Item 4.	Controls and Procedures	25

PART II	OTHER INFORMATION	26

Item 1.	Legal Proceedings	26

Item 1A.	Risk Factors	26

Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	27

Item 3.	Defaults Upon Senior Securities	28

Item 4.	Mine Safety Disclosures	28

Item 5.	Other Information	28

Item 6.	Exhibits	28

SIGNATURES		33

INVESTVIEW, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

	September 30,			March 31,
	2015			2015
	(unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	52,922		$	805,737
Accounts receivable		19,780			57,076
Deferred costs		2,033			2,677
Prepaid expenses		63,227			121,288
Other current assets		1,050			1,664
Total current assets		139,012			988,442

Other assets:
Deposits		-			105,000
Total other assets		-			105,000

Total assets	$	139,012		$	1,093,442

LIABILITIES AND DEFICIT
Current liabilities:
Accounts payable and accrued liabilities	$	1,108,168		$	1,025,307
Deferred revenue		25,061			41,585
Due to related party		445,070			392,800
Settlement payable		344,392			373,449
Notes payable, current portion		33,333			120,000
Notes payable, current portion-related party		95,000			120,000
Convertible notes payable, current portion		114,657			-
Current liabilities of discontinued operations		120,266			120,266
Derivative liability, short term portion		432,391			-
Total current liabilities		2,718,338			2,193,407

Long term debt:
Notes payable, long term portion		121,343			-
Convertible notes payable, long term portion		1,340,220			1,425,055
Convertible notes payable, long term portion-related party		284,721			274,341
Derivative liability, long term portion		234,751			-
Total long term debt		1,981,035			1,699,396

Total liabilities		4,699,373			3,892,803

DEFICIT
Preferred stock, par value: $0.001; 10,000,000 shares authorized, None issued and outstanding as of September 30, 2015 and March 31, 2015		-			-
Common stock, par value $0.001; 60,000,000 and 15,000,000 shares authorized; 14,616,911 and 14,535,076 issued and 14,615,611 and 14,533,776 outstanding as of September 30, 2015 and March 31, 2015, respectively		14,617			14,535
Additional paid in capital		96,076,369			96,018,216
Common stock subscriptions (receivable)		(250,000	)		(250,000	)
Treasury stock, 1,300 shares		(8,589	)		(8,589	)
Accumulated deficit		(100,318,549	)		(98,517,358	)
Deficit attributable to Investview, Inc.		(4,486,152	)		(2,743,196	)
Non-controlling interest		(74,209	)		(56,165	)
Total deficit		(4,560,361	)		(2,799,361	)

Total liabilities and deficit	$	139,012		$	1,093,442

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

INVESTVIEW, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

	Three months ended September 30,						Six months ended September 30,
	2015			2014			2015			2014
Revenue, net:	$	105,309		$	98,383		$	230,757		$	268,836

Operating costs and expenses:
Cost of sales and service		20,300			22,718			38,727			38,846
Selling, general and administrative		692,993			989,032			1,410,817			1,899,419
Total operating costs and expenses		713,293			1,011,750			1,449,544			1,938,265

Net loss from operations		(607,984	)		(913,367	)		(1,218,787	)		(1,669,429	)

Other income (expense):
(Loss) gain on change in fair value of warrant and derivative liabilities		(265,332	)		-			(265,332	)		324
Loss on settlement of debt		-			(4,500	)		-			(4,027,702	)
Interest, net		(299,118	)		(57,030	)		(335,116	)		(450,948	)
Total other income (expense)		(564,450	)		(61,530	)		(600,448	)		(4,478,326	)

Loss from continuing operations before income taxes		(1,172,434	)		(974,897	)		(1,819,235	)		(6,147,755	)

Income taxes expense		-			-			-			-

Loss from continuing operations		(1,172,434	)		(974,897	)		(1,819,235	)		(6,147,755	)

Income from discontinued operations		-			-			-			(500	)

Net loss		(1,172,434	)		(974,897	)		(1,819,235	)		(6,148,255	)

Non-controlling interest		1,977			11,766			18,044			11,766

NET LOSS ATTRIBUTABLE TO INVESTVIEW, INC.	$	(1,170,457	)	$	(963,131	)	$	(1,801,191	)	$	(6,136,489	)

Loss per common share, basic and diluted;
Continuing operations	$	(0.08	)	$	(0.09	)	$	(0.12	)	$	(0.67	)
Discontinued operations		-			-			-			(0.00	)
Total	$	(0.08	)	$	(0.09	)	$	(0.12	)	$	(0.67	)

Weighted average number of common shares outstanding-basic and diluted		14,600,951			10,895,712			14,574,887			9,232,502

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

INVESTVIEW INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

	Six months ended September 30,
	2015			2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss from continuing operations	$	(1,819,235	)	$	(6,147,755	)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of debt discount relating to convertible notes payable		15,029			330,763
Stock based compensation		58,235			472,915
Non-cash interest		261,810			-
Change in fair value of warrant and derivative liabilities		265,332			(324	)
Loss on settlement of debt		-			4,027,702
Amortization of deferred compensation		68,061			87,773
Changes in operating assets and liabilities:
Accounts receivable		37,296			15,000
Deferred costs		644			2,553
Prepaid and other assets		95,614			50
Accounts payable and accrued liabilities		113,653			152,542
Due to related parties		52,270			388,770
Deferred revenue		(16,524	)		1,317
Net cash used in continuing operating activities:		(867,815	)		(668,694	)
Net cash used in discontinued operating activities:		-			(500	)
Net cash used in operating activities		(867,815	)		(669,194	)

CASH FLOWS FROM INVESTING ACTIVITIES:		-			-

CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of note payable, related party		(25,000	)		-
Repayments of common stock subscriptions		-			(50,000	)
Equity contribution by non-controlling interest		-			1,000
Proceeds from notes payable, related party		-			120,000
Proceeds from notes payable		140,000			-
Proceeds from sale of common stock		-			1,530,000
Net proceeds provided by financing activities		115,000			1,601,000

Net (decrease) increase in cash and cash equivalents		(752,815	)		931,806
Cash and cash equivalents-beginning of period		805,737			195,783
Cash and cash equivalents-end of period	$	52,922		$	1,127,589

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid during the period for:
Interest	$	-		$	-
Income taxes	$	-		$	-
Non-cash financing activities:
Common stock issued in settlement of notes payable and accrued interest	$	-		$	1,300,845
Common stock issued in settlement of accrued officer salaries	$	-		$	1,732,089
Common stock issued for future services	$	-		$	330,000

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

INVESTVIEW, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2015

1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

A summary of the significant accounting policies applied in the preparation of the accompanying unaudited condensed consolidated financial statements follows:

Business and Basis of Presentation

Investview, Inc. (the "Company") was incorporated on August 10, 2005 under the laws of the State of Nevada as Voxpath Holding, Inc. On September 16, 2006, the Company changed its name to TheRetirementSolution.Com, Inc., on October 1, 2008 to Global Investor Services, Inc. and on March 27, 2012 to Investview, Inc. The Company currently markets directly and through its marketing partners as well as online, certain investor products and services that provide financial and educational information to its prospective customers and to its subscribers.

In August 2014, the Company formed Vickrey Brown Investments, LLC, a limited liability company under the laws of California with 51% membership interests specializing in investment strategies which combine quantitative strategies, forensic accounting and volatility controls. At formation, the minority members paid an aggregate of $1,000 as equity contribution. The Company contributed $120,000 as equity contribution and is contingently obligated to issue 500,000 shares of common stock upon achieving certain milestones (as defined). Prior to all distributions, the Company is to receive 25% of all revenue generated until at which time the $120,000 equity contribution of the Company has been paid.

The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, Investment Tools & Training, LLC ("ITT"), Razor Data Corp ("Razor") and SAFE Management LLC ("Safe") and its majority owned subsidiary, Vickrey Brown Investments. All significant inter-company transactions and balances have been eliminated in consolidation.

Interim Financial Statements

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, 2015 are not necessarily indicative of the operating results that may be expected for the year ended March 31, 2016. These unaudited condensed consolidated financial statements should be read in conjunction with the March 31, 2015 consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K.

Revenue Recognition

For revenue from product sales and services, the Company recognizes revenue in accordance with Accounting Standards Codification subtopic 605-10, Revenue Recognition (“ASC 605-10”) which requires that four basic criteria must be met before revenue can be recognized: (1) persuasive evidence of an arrangement exists; (2) delivery has occurred or services have been rendered; (3) the selling price is fixed and determinable; and (4) collectability is reasonably assured. Determination of criteria (3) and (4) are based on management's judgments regarding the fixed nature of the selling prices of the products delivered and the collectability of those amounts. Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded.

The Company defers any revenue for which the product or services has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required.

INVESTVIEW, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2015

Revenue arises from subscriptions to the websites/software, workshops, online workshops and training and coaching/counseling services where the customers are charged a monthly subscription fee for access to the online training and courses and website/data. Revenues are recognized in the month the product and services are delivered.

The Company sells its products separately and in various bundles that include website/data subscriptions, educational workshops, online workshops and training, one-on-one coaching and counseling sessions, along with other products and services. The deferral policy for each of the different types of revenues is summarized as follows:

Product		Recognition Policy
Live Workshops and Workshop Certificates		Deferred and recognized as the workshop is provided or certificate expires

Online training and courses		Deferred and recognized a.) as the services are delivered, or b.) when usage thresholds are met, or c.) on a straight-line basis over the initial product period

Coaching/Counseling services		Deferred and recognized as services are delivered, or on a straight-line basis over the life of the customer’s contract

Website/data fees (monthly)		Not deferred, recognized in the month delivered

Website/data fees (pre-paid subscriptions)		Deferred and recognized on a straight-line basis over the subscription period

Cost of Sales and Service

The cost of sales and service consists of the cost of the data feeds that supply twenty minute delayed stock market data to the Company’s stock analysis software based tool, external partner commissions and other costs associated with the repair or maintenance of the website.

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.

Fair Value of Financial Instruments

Fair value estimates discussed herein are based upon certain market assumptions and pertinent information available to management as of September 30, 2015 and March 31, 2015. The respective carrying value of certain on-balance-sheet financial instruments approximated their fair values. These financial instruments include cash, notes payable, convertible notes payable, derivative liabilities and accounts payable. Fair values were assumed to approximate carrying values for cash and payables because they are short term in nature and their carrying amounts approximate fair values or they are payable on demand.

Reliance on Key Personnel and Consultants

The Company is heavily dependent on the continued active participation of these current executive officers, employees and key consultants. The loss of any of the senior management or key consultants could significantly and negatively impact the business until adequate replacements can be identified and put in place.

INVESTVIEW, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2015

Derivative Liability

The Company accounts for derivatives in accordance with ASC 815, which establishes accounting and reporting standards for derivative instruments and hedging activities, including certain derivative instruments embedded in other financial instruments or contracts and requires recognition of all derivatives on the balance sheet at fair value, regardless of hedging relationship designation. Accounting for changes in fair value of the derivative instruments depends on whether the derivatives qualify as hedge relationships and the types of relationships designated are based on the exposures hedged. At September 30, 2015 and March 31, 2015, the Company did not have any derivative instruments that were designated as hedges. See Note 9 for discussion of the Company’s derivative liabilities.

Net Loss per Share

The Company follows Accounting Standards Codification subtopic 260-10, Earnings Per Share (“ASC 260-10”) specifying 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 on the computation for the three and six months ended September 30, 2015 and 2014 because their effect is anti-dilutive. Fully diluted shares outstanding were 18,431,298 and 18,405,235 for the three and six months ended September 30, 2015 and 12,564,458 and 10,901,248 for the three and six month periods ended September 30, 2014, respectively.

Stock-Based Compensation

The Company accounts for its stock based awards in accordance with Accounting Standards Codification subtopic 718-10, Compensation (“ASC 718-10”), which requires a fair value measurement and recognition of compensation expense for all share-based payment awards made to its employees and directors, including employee stock options and restricted stock awards. The Company estimates the fair value of stock options granted using the Black-Scholes valuation model. This model requires the Company to make estimates and assumptions including, among other things, estimates regarding the length of time an employee will retain vested stock options before exercising them, the estimated volatility of our common stock price and the number of options that will be forfeited prior to vesting. The fair value is then amortized on a straight-line basis over the requisite service periods of the awards, which is generally the vesting period.

Changes in these estimates and assumptions can materially affect the determination of the fair value of stock-based compensation and consequently, the related amount recognized in the Company’s unaudited condensed consolidated statements of operations.

For the three and six months ended September 30, 2015 and 2014, the Company did not grant stock options to employees.

In addition, the Company issued restricted stock units ("RSU") to employees during the year ended March 31, 2014. The fair value of the vesting RSUs of $-0- and $307,000 was recorded as a current period charge to earnings during the six months ended September 30, 2015 and 2014, respectively.

Prepaid expenses

Prepaid expenses include the fair value of the Company’s common stock issued for future services of $63,227 to consultants and is amortized ratably over the future service life. For the three and six months ended September 30, 2015, the Company recorded as charge to operations $34,216 and $68,061, respectively. For the three and six months ended September 30, 2014, the Company recorded as charge to operations $87,773 and $145,164, respectively.

INVESTVIEW, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2015

Segment Information

Accounting Standards Codification subtopic Segment Reporting 280-10 (“ASC 280-10”) establishes standards for reporting information regarding operating segments in annual financial statements and requires selected information for those segments to be presented in interim financial reports issued to stockholders. ASC 280-10 also establishes standards for related disclosures about products and services and geographic areas. Operating segments are identified as components of an enterprise about which separate discrete financial information is available for evaluation by the chief operating decision maker, or decision-making group, in making decisions how to allocate resources and assess performance. The information disclosed herein materially represents all of the financial information related to the Company’s only material principal operating segment after the discontinued operations of Instilend (See Note 12).

Recent Accounting Pronouncements

There are various updates recently issued, most of which represented technical corrections to the accounting literature or application to specific industries and are not expected to a have a material impact on the Company's financial position, results of operations or cash flows.

2. GOING CONCERN MATTERS

The Company’s unaudited condensed consolidated financial statements are prepared using generally accepted accounting principles applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Company has incurred significant recurring losses which have resulted in an accumulated deficit of $100,318,549, net loss of $1,819,235 and net cash used in operations of $867,815 for the six months ended September 30, 2015 which raises substantial doubt about the Company’s ability to continue as a going concern.

Continuation as a going concern is dependent upon obtaining additional capital and upon the Company’s attaining profitable operations. The Company will require a substantial amount of additional funds to complete the development of its products, to build a sales and marketing organization, and to fund additional losses which the Company expects to incur over the next few years. In order to improve the Company's liquidity, the Company's management is actively pursuing additional financing through discussions with investment bankers, financial institutions and private investors. There can be no assurance that the Company will be successful in its effort to secure additional financing. The Company recognizes that, if it is unable to raise additional capital, it may find it necessary to substantially reduce or cease operations. The accompanying unaudited condensed consolidated financial statements do not include any adjustments relating to the recoverability and classification of asset carrying amounts or the amount and classification of liabilities that might result from the outcome of this uncertainty.

3. PROPERTY AND EQUIPMENT

Property and equipment as of September 30, 2015 and March 31, 2015 is summarized as follows:

	September 30, 2015			March 31, 2015
Software	$	2,920,000		$	2,920,000
Computer equipment		4,211			4,211
Office equipment		23,568			23,568
		2,947,779			2,947,779
Less accumulated depreciation		(2,947,779	)		(2,947,779
	$	-0-		$	-0-

INVESTVIEW, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2015

Property and equipment are stated at cost and depreciated using the straight-line method over their estimated useful lives of 3 to 5 years. When retired or otherwise disposed, the related carrying value and accumulated depreciation are removed from the respective accounts and the net difference less any amount realized from disposition, is reflected in earnings.

Depreciation expense charged to operations amounted to approximately $-0- for the three and six months ended September 30, 2015 and 2014.

4. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

Accounts payable and accrued liabilities consisted of the following at September 30, 2015 and March 31, 2015:

	September 30, 2015		March 31, 2015
Accounts payable	$	432,866	$	360,142
Accrued interest payable, short term		48,105		49,723
Accrued payroll and related taxes		627,197		615,442
	$	1,108,168	$	1,025,307

As of September 30, 2015 and March 31, 2015, accrued payroll taxes included the effects of an estimated payroll tax liability for stock based compensation issued to an officer.

5. SETTLEMENT PAYABLE

On August 12, 2013, Evenflow Funding, LLC ("Evenflow") commenced a civil action (the “NJ Action”) against the Company in the Superior Court of New Jersey, Law Division, Monmouth County (the "Court") bearing Docket No. Mon-L-3105-13 in collection of a promissory note issued January 20, 2009 and related accrued interest.

On October 13, 2014, the Company and Evenflow agreed to a settlement and a Stipulation of Settlement (the "Settlement") was filed with the Court, in connection with the NJ Action. Pursuant to the Settlement, the Company agreed to pay to Evenflow a total of $425,000 (the "Settlement Amount") in quarterly payments (the "Quarterly Payments") equal to 10% of the net revenue (revenue less allowances, returns and payments to revenue sharing agreements) of the Company as reported in the Company's periodic reports filed on Form 10-Q or Form 10-K (collectively, the "Periodic Reports") commencing with the Company's December 31, 2014 Periodic Report. The Quarterly Payments are due and payable by the Company on the tenth day following the filing of each Periodic Report. In addition to the Quarterly Payments, the Company agreed to make an initial payment in the amount of $25,000 upon the filing of the Settlement with the Court, as well as a payment in the amount of $25,000 due on the 12 month anniversary of the initial payment. The aggregate total of all payments including the upfront $25,000, the one year anniversary $25,000, and the quarterly payments is to be $425,000.

As of September 30, 2015, the Company reclassified the promissory note and accrued interest to settlement payable. No material gain or loss was recorded in connection with the settlement. The unpaid balance as of September 30, 2015 and March 31, 2015 was $344,392 and $373,449, respectively.

6. NOTE PAYABLE

On September 30, 2010, the Company issued an aggregate of $120,000 in unsecured promissory notes due five years from issuance at 8% per annum payable at maturity in exchange for the cancellation of 15,000 previously issued warrants. The fair value of the exchanged warrants, approximately equaled the fair value of the issued notes at the date of the exchange. In September 2015, the Company extended one note for $33,333 till December 31, 2015 and four, in aggregate of $86,667 till December 31, 2016.

Summary of outstanding notes payable as of September 30, 2015 and March 31, 2015 are as follows:

INVESTVIEW, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2015

	September 30, 2015			March 31, 2015
Notes payable, due September 2015	$	-		$	120,000
Note payable, due December 31, 2015		33,333			-
Notes payable, due December 31, 2016		86,667			-
Long term accrued interest		34,676			-
Total		154,676			120,000
Less: Short term portion		(33,333	)		(120,000	)
Long term portion	$	121,343		$	-

7. NOTE PAYABLE, RELATED PARTY

On August 1, 2014, the Company issued a Secured Promissory Note (Note) payable to a board member and significant shareholder for $120,000 bearing interest at 5% per annum payable at such time as any payment of principal of the Note is made.

The Note is payable the earlier of (i) July 31, 2015 or (ii) receipt of proceeds from operations from Vickrey Brown Investments, LLC, a majority owned subsidiary of the Company. The note is currently in default.

The note is secured by: (i) 240,000 shares of common stock of the Company, $.001 par value per share, to be placed in escrow, and (ii) the Company’s right, title and interest in Vickrey Brown Investments, LLC.

During the six months ended September 30, 2015, the Company made payments in aggregate of $25,000 towards the principal of the note. As of September 30, 2015 and March 31, 2015, the remaining balance of the note was $95,000 and $120,000, respectively.

8. CONVERTIBLE NOTES

Summary of outstanding convertible notes payable as of September 30, 2015 and March 31, 2015 are as follows:

	September 30, 2015			March 31, 2015
Convertible Promissory notes due June 30, 2017	$	1,476,660		$	1,603,121
Convertible Promissory note, due August 17, 2015, in default		100,000
Convertible note payable, due May 31, 2016, net of unamortized debt discount of $99,343		14,657			-
Convertible note payable, due September 25, 2017, net of unamortized debt discount of $32,628		372			-
Long term accrued interest		147,909			96,275
Total		1,739,598			1,699,396
Less: Short term portion		(114,657	)		( -)
Less: Long term, related party		(284,721	)		(274,341	)
Long term convertible notes	$	1,340,220		$	1,425,055

On June 30, 2014, the Company issued an aggregate of $1,603,121 in secured Convertible Promissory Notes, of which $258,799 related party, that matures June 30, 2017 in exchange for the cancellation of $1,200,000 previously issued convertible notes, accrued interest of $257,310 and an incentive of $145,811 . The Promissory Notes bear interest at a rate of 8% and can be convertible into 1,603,121 shares of the Company’s common stock, at a conversion rate of $1.00 per share. Interest will also be converted into common stock at the conversion rate of $1.00 per share.

INVESTVIEW, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2015

In connection with the issuance of the promissory notes, the Company issued detachable warrants granting the holder the right to acquire an aggregate of 1,603,121 shares of the Company’s common stock at $1.50 per share, net cancellation of previously issued 150,000 warrants to acquire the Company’s stock at $6.00 . The new warrants expire five years from the issuance.

The Company did not record an embedded beneficial conversion feature in the notes since the fair value of the common stock did not exceed the conversion rate at the date of issuance.

During the six months ended September 30, 2015, one note for $100,00 previously settled as described above was disputed. Therefore, the original note, currently in default, was restored as originally recorded and related warrants exchanged were cancelled.

Vis Vires Group, Inc.

On August 27, 2015, the Company entered into Securities Purchase Agreements with Vis Vires Group, Inc for the sale of 8% convertible notes in the aggregate principal amount of $114,000 (the “Notes”). The total net proceeds the Company received from these offerings was $110,000, net of fees of $4,000.

The Notes bear interest at the rate of 8% per annum and is due May 31, 2016. The Note is convertible into common stock, at Vis Vires Group, Inc.’s option, at a 65% discount to the average of the three lowest closing bid prices of the common stock during the 10 trading day period prior to conversion.

JMJ Financial

On September 25, 2015, the Company entered into a Securities Purchase Agreement with JMJ Financial, for the sale of a 12% convertible note in the aggregate principal amount of $150,000 (the “Note”). The financing closed on a $33,000 tranche on September 25, 2015. The total net proceeds the Company received from this Offering was $30,000, net of fees and original interest discount (“OID”) of $3,000.

The Note bears interest at the rate of 12% per annum after three months. All interest and principal must be repaid on September 25, 2017. The Note is convertible into common stock, at JMJ Financial’ s option, at a 60% discount to the lowest trading price of the common stock during the 25 trading day period prior to conversion.

Summary:

The Company has identified the embedded derivatives related to the above described 2015 Notes. These embedded derivatives included certain conversion features and reset provisions. The accounting treatment of derivative financial instruments requires that the Company record fair value of the derivatives as of the inception date of the Notes and to fair value as of each subsequent reporting date.

At the inception of the 2015 Notes, the Company determined the aggregate fair value of $401,810 of embedded derivatives. The fair value of the embedded derivatives was determined using the Binomial Option Pricing Model based on the following assumptions: (1) dividend yield of 0%; (2) expected volatility of 225.82% to 328.49%, (3) weighted average risk-free interest rate of 0.36 % to 0.70%, (4) expected life of 0.76 to 2.00 years, and (5) estimated fair value of the Company’s common stock of $0.30 to $0.31 per share.

The determined fair value of the debt derivatives of $401,810 was charged as a debt discount up to the net proceeds of the notes with the remainder of $261,810 charged to current period operations as non-cash interest expense.

INVESTVIEW, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2015

At September 30, 2015, the Company marked to market the fair value of the debt derivatives and determined a fair value of $667,142. The Company recorded a loss from change in fair value of debt derivatives of $265,332 for the three and six months ended September 30, 2015. The fair value of the embedded derivatives was determined using Binomial Option Pricing Model based on the following assumptions: (1) dividend yield of 0%, (2) expected volatility of 357.87%, (3) weighted average risk-free interest rate of 0.08% to 0.64%, (4) expected life of 0.67 to 1.99 years, and (5) estimated fair value of the Company’s common stock of $0.30 per share.

The charge of the amortization of debt discounts and costs for the three and six months ended September 30, 2015 was $15,029 which was accounted for as interest expense.

9. DERIVATIVE LIABILITIES

As described in Note 8 and 14, the Company issued convertible notes that contain conversion features and reset provision. The accounting treatment of derivative financial instruments requires that the Company record fair value of the derivatives as of the inception date and to fair value as of each subsequent reporting date.

10. CAPITAL STOCK

Common Stock

In May 2015, the Company issued 25,000 shares of its common stock for legal services valued at $26,250.

In July 2015, the Company issued an aggregate of 36,835 shares of common stock for consulting services valued at $25,785.

In August 2015, the Company issued 20,000 shares of its common stock for consulting services valued at $6,200.

11. STOCK OPTIONS AND WARRANTS

Employee Stock Options

The following table summarizes the changes in employee stock options outstanding and the related prices for the shares of the Company’s common stock issued to employees of the Company under two employee stock option plans.

The nonqualified plan adopted in 2007 is for 65,000 shares of which 47,500 have been granted as of September 30, 2015. The qualified plan adopted in October of 2008 authorizing 125,000 shares was approved by a majority of the Shareholders on September 16, 2009. To date 42,500 shares have been granted under the 2008 plan as of September 30, 2015.

The following table summarizes the changes in options outstanding and the related prices for the shares of the Company’s common stock issued to employees of the Company at September 30, 2015:

		Options Outstanding						Options Exercisable
						Weighted				Weighted
				Weighted		Average				Average
				Average		Exercise				Exercise
Range of		Number of		Remaining		Price of		Number of		Price of
Exercise		Shares		Contractual		Outstanding		Shares		Exercisable
Prices		Outstanding		Life (Years)		Options		Exercisable		Options
$	10.00		35,000		4.01	$	10.00		35,000	$	10.00
	12.00		2,500		1.36		12.00		2,500		12.00
			37,500		4.08	$	10.20		37,500	$	10.20

INVESTVIEW, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2015

Transactions involving stock options issued to employees are summarized as follows:

			Weighted
			Average
	Number of		Exercise
	Shares		Price
Options outstanding at March 31, 2014		37,500	$	10.20
Granted		-		-
Exercised		-		-
Canceled		-		-
Options outstanding at March 31, 2015		37,500		10.20
Granted		-		-
Exercised		-		-
Canceled		-		-
Options outstanding at September 30, 2015		37,500	$	10.20

Stock-based compensation expense in connection with options granted to employees for the three and six months ended September 30, 2015 and 2014 was $-0-.

Non-Employee Stock Options

The following table summarizes the changes in options outstanding and the related prices for the shares of the Company’s common stock issued to consultants and non-employees of the Company at September 30, 2015:

Options Outstanding

Options Exercisable

Weighted

Average

Weighted

Remaining

Average

Exercise

Number

Contractual

Exercise

Number of

Exercise

Prices

Outstanding

Life (Years)

Price

Exercisable

Price

84.00

2,500

1.33

84.00

2,500

84.00

Transactions involving stock options issued to consultants and non-employees are summarized as follows:

			Weighted
			Average
	Number of		Price
	Shares		Per Share
Options outstanding at March 31, 2014		2,500	$	84.00
Granted		-
Exercised		-		-
Expired		-
Options outstanding at March 31, 2015		2,500		84.00
Granted		-		-
Exercised		-		-
Expired		-		-
Options outstanding at September 30, 2015		2,500	$	84.00

Warrants

The following table summarizes the changes in warrants outstanding and the related prices for the shares of the Company’s common stock issued to shareholders at September 30, 2015:

INVESTVIEW, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2015

		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		6,127,497		3.71	$	1.50		6,227,497	$	1.50
	2.50		12,000		2.80		2.50		12,000		2.50
	6.00		45,313		2.33		6.00		45,313		6.00
	Total		6,184,810		3.69	$	1.53		6,184,810	$	1.53

Transactions involving the Company’s warrant issuance are summarized as follows:

				Average
	Number of			Price
	Shares			Per Share
Warrants outstanding at March 31, 2014		1,450,273		$	3.28
Granted		5,158,958			1.50
Canceled		(287,500	)		(1.50	)
Expired		(22,960	)		(5.09	)
Warrants outstanding at March 31, 2015		6,298,771			1.53
Granted / restated		12,500			6.00
Canceled		(126,461	)		1.50
Expired		-			-
Warrants outstanding at September 30, 2015		6,184,810		$	1.53

As described in Note 8 above, warrants exchanged in connection with debt modification entered into in 2014 was rescinded with originally issued warrants reinstated and exchanged warrants canceled.

12. SALE OF INSTILEND TECHNOLOGIES, INC. AND DISCOUNTED OPERATIONS

On May 2, 2013, the Company, its wholly-owned subsidiary, Instilend Technologies Inc. ("Instilend") and Fortified Management Group, LLC ("Fortified") entered into an Asset Purchase Agreement (the "APA"), pursuant to which Instilend sold all of its assets, including its proprietary Matador, Locate Stock and LendEQS platforms, to Fortified in consideration of $3,000,000 (the "Purchase Price") consisting of 250,000 shares of common stock of the Company which were returned to the Company for cancellation in March of 2013, $2,500 per month commencing on the 90th day after the Closing Date which will be increased to $5,000 per month as of the 270th day following the Closing Date, a Secured Promissory Note in the principal amount of $1,250,000 (the "APA Note"), the assumption by Fortified from the Company of 5% Convertible Promissory Notes (the "Seller Notes") originally issued by the Company to Todd Tabacco, Derek Tabacco and Richard L'Insalata in the aggregate amount of $500,000 and additional monthly royalties of 5% after the payment of the $1,250,000 Secured Promissory Note up to $4,000,000 as set forth in Schedule 3 of the APA.

In addition, $150,000 of the Purchase Price (the "Escrow Funds") were used towards the payment by the Company of certain tax liabilities owed by Instilend. The Escrow Funds will be held in escrow until the Company has entered into settlement agreements with the relevant tax authorities, at which time the Company may authorize the Escrow Funds to be released for payment to the relevant tax authorities.

In the event of a failure by the Company to make any payments in accordance with the terms of any such settlement agreements, the Company will issue shares of its common stock to Fortified equal to three times the unpaid amount of the remaining unpaid tax liabilities.

INVESTVIEW, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2015

As a result of the sale of the operating assets relating to the stock loan business, management of the Company, as of the Closing Date, elected to impair the remaining assets in the business including the goodwill, customer list and covenants to not compete. The impaired assets were initially recorded as a result of the acquisition of Instilend.

The assets and liabilities of the discontinued operations as of September 30, 2015 and March 31, 2015 were as follows:

Assets:

	September 30, 2015		March 31, 2015
Cash	$	-	$	-
Accounts receivable		-		-
Total current assets of discontinued operations	$	-	$	-

Liabilities:
Accounts payable	$	120,266	$	120,266
Total current liabilities of discontinued operations	$	120,266	$	120,266

The Results of Operations for the three months ended September 30, 2015 and 2014 are as follows:

	September 30, 2015		September 30, 2014
Operating costs:
Selling, general and administrative	$	-	$	-
Loss on disposal of assets		-		-
Total operating costs		-		-
		-
Net income (loss) before income tax benefit		-		-
Income tax (benefit)		-		-
Net Loss	$	-	$	-

The Results of Operations for the six months ended September 30, 2015 and 2014 are as follows:

	September 30, 2015		September 30, 2014
Operating costs:
Selling, general and administrative	$	-	$	500
Loss on disposal of assets		-		-
Total operating costs		-		500
		-
Net income (loss) before income tax benefit		-		(500	)
Income tax (benefit)		-		-
Net Loss	$	-	$	(500	)

Accounts payable are primarily comprised of vendor payable for Instilend facilities.

13. NON CONTROLLING INTEREST

INVESTVIEW, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2015

A reconciliation of the non-controlling loss attributable to the Company:

Net loss attributable to non-controlling interest for the three month period ended September 30, 2015:

	Vickrey Brown Investments
Net allocable loss	$	4,034
Average Non-controlling interest percentage		49	%
Net loss attributable to the non-controlling interest	$	1,977

Net loss attributable to non-controlling interest for the six month period ended September 30, 2015:

	Vickrey Brown Investments
Net allocable loss	$	36,824
Average Non-controlling interest percentage		49	%
Net loss attributable to the non-controlling interest	$	18,044

The following table summarizes the changes in non-controlling Interest from date of formation to September 30, 2015:

	Vickrey Brown Investments
Balance, date of formation	$	–
Transfer (to) from the non-controlling interest as a result of change in ownership		1,000
Net loss attributable to the non-controlling interest		(57,165	)
Balance, March 31, 2015		(56,165	)
Net loss attributable to the non-controlling interest		(18,044	)
Balance, September 30, 2015	$	(74,209	)

14. FAIR VALUE MEASUREMENTS

ASC 825-10 defines fair value as the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Company considers the principal or most advantageous market in which it would transact and considers assumptions that market participants would use when pricing the asset or liability, such as inherent risk, transfer restrictions, and risk of nonperformance. ASC 825-10 establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 825-10 establishes three levels of inputs that may be used to measure fair value:

●	Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities;

●	Level 2: Quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability; or

●	Level 3: Prices or valuation techniques that require inputs that are both significant to the fair value measurement and are unobservable.

Items recorded or measured at fair value on a recurring basis in the accompanying unaudited condensed consolidated financial statements consisted of the following items as of September 30, 2015:

INVESTVIEW, INC.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

SEPTEMBER 30, 2015

	Level 1		Level 2		Level 3		Total
Long-term investments	$	–	$	–	$	–	$	–
Total	$	–	$	–	$	–	$	–
Derivative liabilities	$	–	$	–	$	667,142	$	667,142
Total	$	–	$	–	$	667,142	$	667,142

The table below sets forth a summary of changes in the fair value of the Company’s Level 3 financial liabilities (derivative liability) for the six months ended September 30, 2015.

Six months ended September 30, 2015:

	Derivative Liabilities
Balance, April 1, 2015	$	-

Transfers in upon initial fair value of derivative liabilities		401,810

Loss from change in fair value of derivative liabilities		265,332

Balance, September 30, 2015	$	667,142

Total loss for the six month period included in earnings relating to the liabilities held at September 30, 2015	$	265,332

Level 3 Liabilities were comprised of our bifurcated convertible debt features on our convertible notes (see Note 8).

15. SUBSEQUENT EVENTS

None

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

Forward-Looking Statements

This Quarterly Report Form 10-Q, including this discussion and analysis by management, contains or incorporates forward-looking statements. All statements other than statements of historical fact made in this report are forward looking. In particular, the statements herein regarding industry prospects and future results of operations or financial position are forward-looking statements. These forward-looking statements can be identified by the use of words such as “believes,” “estimates,” “could,” “possibly,” “probably,” “anticipates,” “projects,” “expects,” “may,” “will,” or “should” or other variations or similar words. No assurances can be given that the future results anticipated by the forward-looking statements will be achieved. Forward-looking statements reflect management’s current expectations and are inherently uncertain. Our actual results may differ significantly from management’s expectations. For factors that may cause actual results to differ from management’s expectations, reference should be made to the Company’s Form 10-K for the year ended March 31, 2015 filed with the Securities and Exchange Commission and our other periodic filings with the Securities and Exchange Commission.

The following discussion and analysis should be read in conjunction with our financial statements, included herewith. This discussion should not be construed to imply that the results discussed herein will necessarily continue into the future, or that any conclusion reached herein will necessarily be indicative of actual operating results in the future. Such discussion represents only the best present assessment of our management.

Corporate History

Investview, Inc. (hereinafter referred to as the “Company”, “Investview” or “INVU”) was formed in the State of Nevada on August 19, 2005. Effective September 16, 2006, the Company changed its name to TheRetirementSolution.com, Inc., on October 1, 2008 the Company changed its name to Global Investor Services, Inc. and on March 27, 2012, the Company changed its name to Investview, Inc. In June 2011 a new Chief Executive Officer was appointed. In August 2014, we formed Vickrey Brown Investments, LLC, a limited liability company under the laws of California with a 51% membership interest specializing in investment strategies which combine quantitative strategies, forensic accounting and volatility controls. The stock symbol is INVU.

Overview

Investview is a New Jersey-based financial services organization. The Company operates primarily through its wholly- and majority-owned subsidiaries, to provide financial products and services to accredited investors, self-directed investors and select financial institutions. Investview, Inc. also provides investor education products.

Through our wholly and majority owned subsidiaries we (1) offer licensed asset and portfolio management services and (2) market infrastructure technologies.

Our wholly-owned subsidiary, SAFE Management, LLC (“SAFE”) is a Registered Investment Advisor (RIA) in the State of New Jersey. SAFE provides their clients with unique investment products and advisory services that are created by an in-house team of experienced financial professionals using state-of-the-art analysis tools.

Our majority-owned subsidiary, Vickrey Brown Investments, LLC (“VB Investments”), develops and markets Unit Investment Trusts (UITs), a type of Exchange Traded Fund (ETF) that are intended to be sold wholesale to major financial institutions that will in-turn market the UITs to individual investors.

Legacy Products

Investview provides a broad suite of products that allow the self-directed individual investor to find, analyze, track and manage his or her portfolio. These educational services focus on empowering investors with the skills that allow them to rely on their own investing knowledge to make intelligent and sound investment decisions. Investview’s main legacy product is an all-inclusive on-line education, analysis and application platform.

Results of Operations

Three months ended September 30, 2015 compared to three months ended September 30, 2014:

Revenues:

	Three Months Ended				Three Months Ended
	September 30, 2015				September 30, 2014				Variance
Subscription revenues	$	105,309	100	%	$	98,383	100	%	$	6,926	7	%

We realized an increase in our recognized revenues of 7% for the three months ended September 30, 2015 from the prior year period due in part to a number of subscribers who elected to pay for annual subscriptions which decreased the revenue that could be recognized in the quarter and in turn was reduced deferred revenue. We proactively introduced both new products and a new marketing strategy to improve the lifetime value of our accounts. We are now emphasizing our online based business model which provides subscription based services including trading ideas, tools and education through live and recorded webinars and is marketed through a number of online media channels. Our trading and education tools are located at www.investview.com whereas our 7 minute products have their own websites:www.7minute trader.com, 7minuteoptions.com, 7minutestocks.com and 7minuteinvestor.com.

As we measured the attrition rates of the trading and education offerings we determined that their lifetime value was approximating our cost of acquisition. As clients move through the education modules they tend to exhaust their interest and either attrite or shift to the lower priced trading modules. Introduction of the 7 minute trader has resulted in a better adoption rate, an improved retention rate and significantly lower acquisition costs.

Operating Costs and Expenses:

A summary of significant operating costs and expenses for the three months ended September 30, 2015 and the three months ended September 30, 2014 follows:

	Three Months				Three Months
	Ended				Ended
	September 30, 2015				September 30, 2014				Variance
Costs of sales and services	$	20,300	3	%	$	22,718	2	%	$	(2,418	)	11	%
Selling, general and administrative		692,993	97	%		989,032	98	%		(296,039	)	30	%
Total	$	713,293	100	%	$	1,011,750	100	%	$	(305,383	)	30	%

As a percentage of revenues, the operating margin increased to 81% in the current quarter from 77% in the same quarter last year due to the increase in revenues relative to the similar level of operating costs and expenses.

During the three months ended September 30, 2015, our cost of sales and service decreased to $20,300 as compared to $22,718 during the three months ended September 30, 2014, primarily from the decrease in data feed costs of approximately 90%.

Our selling, general and administrative expenses decreased from $989,032 for the three months ended September 30, 2014 to $692,993 in current 2015 period or $296,039 (30%). Last year, the Company incurred approximately $284,000 in stock based compensation expense as compared to $66,000 for the current period.

Other:

A summary of significant other income (expenses) for the three months ended September 30, 2015 and the three months ended September 30, 2014 follows:

	Three Months					Three Months
	Ended					Ended
	September 30, 2015					September 30, 2014					Variance
Interest	$	(299,118	)	53	%	$	(57,030	)	93	%	$	242,088		424	%
(Loss) gain on change in fair value of warrant and derivatives		(265,332	)	47	%		-		-	%		265,332		100	%
Loss on settlement of debt		-		-	%		(4,500	)	7	%		(4,500	)	(100	)%
Total	$	(564,450	)	100	%	$	(61,530	)	(100	)%	$	502,920		817	%

Interest expense increased from $57,030 to $299,118, a $242,088 or 424% increase. The increase primarily due to the a non-cash interest charge relating to issued convertible debt of $261,810 and debt discount amortization of $15,029 in the current period as compared to $-0- in 2014.

Gain (loss) on change in fair value of derivative liabilities During the three months ended September 30, 2015, we issued convertible promissory notes with an embedded derivative, all requiring us to fair value the derivatives each reporting period and mark to market as a non-cash adjustment to our current period operations. This resulted in a loss of $265,332 on change in fair value of derivative liabilities for the three months ended September 30, 2015.

Non-controlling interest:

During the year ended March 31, 2015, the Company organized a majority owned subsidiary, Vickrey Brown Investments. The proportionate share of the subsidiary losses not attributable to the non-controlling interest was $1,977 and $11,766 for the three months ended September 30, 2015 and 2014, respectively.

Six months ended September 30, 2015 compared to six months ended September 30, 2014:

Revenues:

	Six Months Ended				Six Months Ended
	September 30, 2015				September 30, 2014				Variance
Subscription revenues	$	230,757	100	%	$	268,836	100	%	$	(38,079	)	14	%

We realized a decrease in our recognized revenues of 14% for the six months ended September 30, 2015 from the prior year period due in part to a number of subscribers who elected to pay for annual subscriptions which decreased the revenue that could be recognized in the quarter and in turn was reduced deferred revenue. We proactively introduced both new products and a new marketing strategy to improve the lifetime value of our accounts. We are now emphasizing our online based business model which provides subscription based services including trading ideas, tools and education through live and recorded webinars and is marketed through a number of online media channels. Our trading and education tools are located at www.investview.com whereas our 7 minute products have their own websites:www.7minute trader.com, 7minuteoptions.com, 7minutestocks.com and 7minuteinvestor.com.

Operating Costs and Expenses:

A summary of significant operating costs and expenses for the six months ended September 30, 2015 and the six months ended September 30, 2014 follows:

	Six Months				Six Months
	Ended				Ended
	September 30, 2015				September 30, 2014				Variance
Costs of sales and services	$	38,727	3	%	$	38,846	2	%	$	119	-	%
Selling, general and administrative		1,410,817	97	%		1,899,419	98	%		488,602	26	%
Total	$	1,449,544	100	%	$	1,938,265	100	%	$	488,721	26	%

As a percentage of revenues, the operating margin decreased to 83% in the current quarter from 85% in the same quarter last year due to the decrease in revenues relative to the similar level of operating costs and expenses.

During the six months ended September 30, 2015, our cost of sales and service decreased to $38,727 as compared to $38,846 during the six months ended September 30, 2014, primarily from the decrease in data feed costs of approximately 90%.

Our selling, general and administrative expenses decreased from $1,899,419 for the six months ended September 30, 2014 to $1,410,817 in current 2015 period or $488,602 (26%). Last year, the Company incurred approximately $561,000 in stock based compensation expense as compared to $126,000 for the current period.

Other:

A summary of significant other income (expenses) for the six months ended September 30, 2015 and the six months ended September 30, 2014 follows:

	Six Months					Six Months
	Ended					Ended
	September 30, 2015					September 30, 2014					Variance
Interest	$	(335,116	)	56	%	$	(450,948	)	10	%	$	115,832		26	%
(Loss) gain on change in fair value of warrant and derivatives		(265,332	)	44	%		324		-	%		(265,656	)	100	%
Loss on settlement of debt		-		-	%		(4,027,702	)	90	%		4,027,702		(100	)%
Total	$	(600,448	)	100	%	$	(4,478,326	)	(100	)%	$	3,877,878		87	%

Interest expense decreased from $450,948 to $335,116, a $115,832 or 26% decrease. The 2015, we incurred a non-cash interest charge relating to issued convertible debt of $261,810 and debt discount amortization of $15,029 in the current period as compared to $-0- in 2014. However, 2014, we incurred a significant recapitalization of the Company over the prior three months.

Gain (loss) on change in fair value of derivative liabilities During the six months ended September 30, 2015, we issued convertible promissory notes with an embedded derivative, all requiring us to fair value the derivatives each reporting period and mark to market as a non-cash adjustment to our current period operations. This resulted in a loss of $265,332 on change in fair value of derivative liabilities for the six months ended September 30, 2015 compared to a gain of $324 from a 2014 warrant liability.

Non-controlling interest:

During the year ended March 31, 2015, the Company organized a majority owned subsidiary, Vickrey Brown Investments. The proportionate share of the subsidiary losses not attributable to the non-controlling interest was $18,044 and $11,766 for the six months ended September 30, 2015 and 2014, respectively.

Cash Used in Operating Activities:

During the six months ended September 30, 2015, our rate of usage of cash on a monthly basis from operations to approximately $144,636 as compared to approximately $111,532 in the same period last year.

Liquidity and Capital Resources

During the six months ended September 30, 2015, the Company incurred a loss from operations of $1,819,235. However, only $867,815 was cash related. This negative cash flow was funded by existing cash and borrowing on convertible notes. As a result, our cash and cash equivalents decreased by $752,815 to $52,922 from the beginning of the fiscal year of $805,737.

The Company's current liabilities exceeded its current assets (working capital deficit) by $2,579,326 as of September 30, 2015 as compared to $1,204,965 at March 31, 2015. The increase in the working capital deficit is primarily due to the decrease in our cash balance.

Auditor’s Opinion Expresses Doubt About the Company’s Ability to Continue as a “Going Concern”

The independent auditor’s report on our March 31, 2015 consolidated financial statements states that the Company's historical losses and accumulated deficiency raise substantial doubts about the Company's ability to continue as a going concern, due to the losses incurred and deficiency. If we are unable to develop our business, we will have to reduce, discontinue operations or cease to exist, which would be detrimental to the value of the Company's common stock. We can make no assurances that our business operations will develop and provide us with significant cash to continue operations.

In order to improve the Company's liquidity, the Company's management is actively pursuing additional financing through discussions with investment bankers, financial institutions and private investors. There can be no assurance that the Company will be successful in its effort to secure additional financing.

Critical Accounting Policies

The preparation of our financial statements in conformity with accounting principles generally accepted in the United States requires us to make estimates and judgments that affect our reported assets, liabilities, revenues, and expenses, and the disclosure of contingent assets and liabilities. We base our estimates and judgments on historical experience and on various other assumptions we believe to be reasonable under the circumstances. Future events, however, may differ markedly from our current expectations and assumptions. While there are a number of significant accounting policies affecting our consolidated financial statements; we believe the following critical accounting policy involves the most complex, difficult and subjective estimates and judgments.

Revenue Recognition

Provisions for discounts and rebates to customers, estimated returns and allowances, and other adjustments are provided for in the same period the related sales are recorded. The Company defers any revenue for which the product has not been delivered or is subject to refund until such time that the Company and the customer jointly determine that the product has been delivered or no refund will be required.

Revenue arises from subscriptions to the websites/software, workshops, online workshops and training and coaching/counseling services where the customers are charged a monthly subscription fee for access to the online training and courses and website/data. All revenues are recognized in the month the products and services are delivered.

We sell our products separately and in various bundles that contain multiple deliverables that include website/data subscriptions, educational workshops, online workshops and training, one-on-one coaching and counseling sessions, along with other products and services. The deferral policy for each of the different types of revenues is summarized as follows:

Product		Recognition Policy

Live Workshops and Workshop Certificates		Deferred and recognized as the workshop is provided or certificate expires

Online training and courses		Deferred and recognized a.) as the services are delivered, or b.) when usage thresholds are met, or c.) on a straight-line basis over the initial product period

Coaching/Counseling services		Deferred and recognized as services are delivered, or on a straight-line basis over the term of the service contract

Website/data fees (monthly)		Not deferred, recognized in the month delivered

Website/data fees (pre-paid subscriptions)		Deferred and recognized on a straight-line basis over the subscription period

Stock-Based Compensation

The Company has adopted Accounting Standards Codification subtopic 718-10, Compensation-Stock Compensation (“ASC 718-10”) which requires the measurement and recognition of compensation expense for all share-based payment awards made to employees, directors and key consultants including employee stock options and employee stock purchases related to an Employee Stock Purchase Plan based on the estimated fair values.

For the periods ended September 30, 2015 and 2014, the Company did not grant stock options to employees.

Fair Value of Financial Instruments

Recent Accounting Pronouncements

There were various updates recently issued, most of which represented technical corrections to the accounting literature or application to specific industries and are not expected to a have a material impact on the Company's consolidated financial position, results of operations or cash flows.

Off-Balance Sheet Arrangements

The Company does 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 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.

Control Deficiencies and Remediation Plan

Management has identified control deficiencies regarding the lack of segregation of duties and the need for a stronger internal control environment. Management of the Company believes that these material weaknesses are due to the small size of the Company’s accounting staff and reliance on outside consultants for external reporting. The small size of the Company’s accounting staff may prevent adequate controls in the future, such as segregation of duties, due to the cost/benefit of such remediation.

To mitigate the current limited resources and limited employees, we rely heavily on direct management oversight of transactions, along with the use of outside legal and accounting professionals. As we grow, we expect to increase our number of employees, which will enable us to implement adequate segregation of duties within the internal control framework.

These control deficiencies could result in a misstatement of account balances that would result in a reasonable possibility that a material misstatement to our consolidated financial statements may not be prevented or detected on a timely basis. Accordingly, we have determined that these control deficiencies as described above together constitute a material weakness.

Changes in Internal Controls

Other than mentioned above, there were no changes in our internal controls over financial reporting during the fiscal quarter ended September 30, 2015 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

On August 21, 2013, Evenflow Funding, LLC (“Evenflow”), a creditor of the Company due to the Company’s issuance of a promissory note dated January 20, 2009 for $200,000, filed a complaint against the Company, and certain officers that personally guaranteed the original note, in the Supreme Court of the State of New Jersey (the “Court”) for payment of the promissory note, accrued interest and penalties in aggregate of $931,521.

On October 13, 2014, Evenflow filed a Stipulation of Settlement (the "Settlement") with the Court, in connection with the NJ Action. Pursuant to the Settlement, the Company agreed to pay to Evenflow $425,000 (the "Settlement Amount") in quarterly payments (the "Quarterly Payments") equal to 10% of the net revenue (revenue less allowances, returns and payments to revenue sharing agreements) of the Company as reported in the Company's periodic reports filed on Form 10-Q or Form 10-K (collectively, the "Periodic Reports") commencing with the Company's September 30, 2014 Periodic Report. The Quarterly Payments are due and payable by the Company on the tenth day following the filing of each Periodic Report. In addition to the Quarterly Payments, the Company agreed to make an initial payment in the amount of $25,000 upon the filing of the Settlement with the Court, as well as a payment in the amount of $25,000 due on the 12 month anniversary of the Initial Payment.

The Company may be subject to other legal proceedings and claims which arise in the ordinary course of its business. Although occasional adverse decisions or settlements may occur, the Company believes that the final disposition of such matters should not have a material adverse effect on its financial position, results of operations or liquidity. The Company had no other pending legal proceedings or claims other than described above as of September 30, 2015.

None of our directors, officers, or affiliates is involved in a proceeding adverse to our business or has a material interest adverse to our business.

ITEM 1A – RISK FACTORS

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. The material risk factors faced by our company are set forth on our Form 10-K Annual Report for the year ended March 31, 2015.

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

On August 27, 2015, the Company entered into a Securities Purchase Agreement with Vis Vires Group, Inc. (“Vis Vires”) for the sale of an 8% convertible note in the principal amount of $114,000 (the “Vis Vires Note"). The financing closed on September 4, 2015.

The Vis Vires Note bears interest at the rate of 8% per annum. All interest and principal must be repaid on May 31, 2016. The Vis Vires Note is convertible into common stock, at Vis Vires’s option, at a 35% discount to the average of the three lowest closing bid prices of the common stock during the 10 trading day period prior to conversion. In the event the Company prepays the Vis Vires Note in full, the Company is required to pay off all principal, interest and any other amounts owing multiplied by (i) 108% if prepaid during the period commencing on the closing date through 30 days thereafter, (ii) 113% if prepaid 31 days following the closing through 60 days following the closing and (iii) 118% if prepaid 61 days following the closing through 90 days following the closing and (iv) 123% if prepaid 91 days following the closing through 120 days following the closing and (v) 128% if prepaid 121 days following the closing through 150 days following the closing and (vi) 133% if prepaid 151 days following the closing through 180 days following the closing. After the expiration of 180 days following the date of the Vis Vires Note, the Company has no right of prepayment.

Vis Vires has agreed to restrict its ability to convert the Vis Vires Note and receive shares of common stock such that the number of shares of common stock held by them in the aggregate and their affiliates after such conversion or exercise does not exceed 9.99% of the then issued and outstanding shares of common stock. The total net proceeds the Company received from this Offering was $114,000.

As of the date hereof, the Company is obligated on $114,000 in face amount of Vis Vires Note issued to Vis Vires. The Vis Vires Note is a debt obligation arising other than in the ordinary course of business which constitute a direct financial obligation of the Company.

On September 25, 2015, the Company issued a Convertible Promissory Note (the “JMJ Note”) to JMJ Financial (“JMJ”) in the principal amount of $150,000. JMJ has the ability to fund up to $135,000. On September 25, 2017, JMJ funded an initial tranche of $30,000 pursuant to the terms thereof. The principal sum of the JMJ Note carries a $15,000 original issue discount (“OID”), which is prorated on the full $150,000 based on the consideration paid by JMJ. In its sole discretion JMJ may, but is not obligated to, pay additional consideration to us through additional tranches of funding up to the amount of the JMJ Note. The maturity date of each tranche funded under the JMJ Note is two years from the date of each payment by JMJ. The principal amount of the JMJ Note due JMJ is prorated based upon the consideration actually paid to us, plus a 10% OID, and we are only obligated to repay the amount of the funded JMJ Note, together with interest and fees. The JMJ Note may be prepaid by us at any time on or before 90 days from the date of issue interest free. After the initial 90 day period the JMJ Note bears a one-time interest charge of 12% applied to the principal sum. We are not permitted to prepay the JMJ Note after the expiration of the initial 90 day period. The JMJ Note contains default events which, if triggered and not timely cured (if curable), will result in a default interest rate of 18% per annum and a default payment.

All principal and accrued interest on the JMJ Note is convertible into shares of the Company’s common stock at the election of JMJ at any time at a conversion price of the lesser of $0.30 or 60% of the lowest trade price in the 25 trading days prior to conversion. Failure of the Company to deliver shares to JMJ via DWAC upon conversion shall result in an additional 10% discount to the conversion price; and, if the shares are ineligible for deposit into the DTC system, an additional 5% discount to the conversion price shall apply. Unless agreed to in writing by both parties, JMJ may not convert any amount of the JMJ Note into common stock that would result in it owning more than 4.99% of our outstanding common stock.

The Company agreed to include the shares of common stock underlying the JMJ Note in the next registration statement we may file with the SEC. If the Company does not include such shares of common stock underlying the JMJ Note in the next registration statement, liquidated damages in an amount which is the greater of 25% of the outstanding principal balance of the JMJ Note or $25,000 are payable to JMJ.

So long as the JMJ Note is outstanding, if the Company should issue any security with terms more favorable to the holder that the JMJ Note, or with a term not similarly provided to JMJ in this JMJ Note, the Company is obligated to notify JMJ and, at JMJ’s option, it may become a part of the successive transaction.

The sale of the JMJ Note was completed on September 25, 2015. As of the date hereof, the Company is obligated on $100,000 in face amount of JMJ Note issued to JMJ. The JMJ Note is a debt obligation arising other than in the ordinary course of business which constitute a direct financial obligation of the Company.

The above securities were offered and sold to the investors in private placement transactions made in reliance upon exemptions from registration pursuant to Section 4(2) under the Securities Act of 1933 (the “Securities Act”) and/or Rule 506 promulgated under the Securities Act. The above investors are accredited investors as defined in Rule 501 of Regulation D promulgated under the Securities Act.

ITEM 3 – DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4 – MINE SAFETY DISCLOSURES

Not Applicable.

ITEM 5 – OTHER INFORMATION

On July 29, 2015 (the “Dismissal Date”), the Company advised Fiondella, Milone & LaSaracina LLP (the “Former Auditor”) that it was dismissed as the Company’s independent registered public accounting firm. The decision to dismiss the Former Auditor as the Company’s independent registered public accounting firm was approved by the Company’s Board of Directors on July 29, 2015. On July 28, 2015 (the “Engagement Date”), the Company engaged Liggett, Vogt & Webb P.A. (“New Auditor”) as its independent registered public accounting firm for the Company’s fiscal year ended March 31, 2016. The decision to engage the New Auditor as the Company’s independent registered public accounting firm was approved by the Company’s Board of Directors.

ITEM 6 – EXHIBITS

Number		Description

3.1		Articles of Incorporation (incorporated by reference to Exhibit 3 to the Company’s 10SB12G filed on August 12, 1999)

3.2		Certificate of Amendment to Registrant’s Articles of Incorporation (incorporated by reference to Exhibit 3 to the Company’s 10SB12G filed on August 12, 1999)

3.3		By-Laws (incorporated by reference to Exhibit 3 to the Company’s 10SB12G filed on August 12, 1999)

3.4		Amendment to Articles of Incorporation or by-laws (incorporated by reference to Exhibit 3.1 to the Company’s Form 8-K filed on February 15, 2007)

3.5		Certificate of Change filed pursuant to NRS 78.209 (incorporated by reference to Exhibit 4.4 to the Company’s Form 8-K filed on April 6, 2012)

3.6		Articles of Merger filed pursuant to NRS 92.A.200 (incorporated by reference to Exhibit 4.4 to the Company’s Form 8-K filed on April 6, 2012)

3.7		Certificate of Amendment to the Articles of Incorporation dated October 16, 2014 (16)

4.1		Form of Exchange Agreement, dated September 30, 2010 (1)

4.2		Exchange Agreement by and between Global Investor Services, Inc. and Allied Global Ventures LLC, dated September 30, 2010 (2)

4.3		Form of Subscription Agreement dated July 7, 2011 (3)

4.4		Form of 8% Secured Convertible Note dated July 7, 2011 (3)

4.5		Form of Common Stock Purchase Warrant dated July 7, 2011 (3)

4.6		Form of Security Agreement dated July 7, 2011 (3)

4.7		Form of Agreement entered with Marketing Investors (4)

4.8		Form of Subscription Agreement - August 2012 (8)

4.9		Form of 8% Secured Convertible Note - August 2012 (8)

4.10		Form of Common Stock Purchase Warrant - August 2012 (8)

4.11		Form of Security Agreement - August 2012 (8)

4.12		Form of 5% Convertible Promissory Note issued in October 2012 to former shareholders of Instilend Technologies Inc. (10)

4.13		2012 Incentive stock Plan (9)

4.14		10% Secured Promissory Note issued by Fortified Management Group, LLC to Instilend Technologies Inc. (11)

4.15		Securities Purchase Agreement entered by and between Investview Inc. and Allied Global Ventures LLC (12)

4.16		Form of Common Stock Purchase Warrant issued to Allied Global Ventures LLC (12)

4.17		Form of Securities Purchase Agreement (13)

4.18		Form of Common Stock Purchase Warrant (13)

4.19		Form of Warrant (14)

4.20		Securities Purchase Agreement – September 30, 2014 (17)

4.21		Form of Common Stock Purchase Warrant – September 30, 2014 (17)

4.22		2014 Incentive stock Plan (20)

10.1		Employment Agreement by and between Global Investor Services Inc. and Dr. Joseph J. Louro dated June 7, 2011 (incorporated by reference to Exhibit 10.1 to the Company’s Form 8-K filed on June 29, 2011).

10.2		Letter Agreement by and between Global Investor Services Inc. and Dr. Joseph J. Louro dated June 29, 2011 (incorporated by reference to Exhibit 10.2 to the Company’s Form 8-K filed on June 29, 2011

10.3		Agreement by and between Global Investor Services Inc., Wealth Engineering LLC, Wealth Engineering and Development Incorporated, Annette Raynor and Mario Romano dated July 12, 2011 (5)

10.4		Exchange Agreement, dated September 29, 2011, by and between Global Investor Services, Inc. and Allied Global Ventures, LLC. (6)

10.5		Exchange Agreement, dated September 29, 2011, by and between Global Investor Services, Inc. and Allied Global Ventures, LLC.(6)

10.6		Employment Agreement by and between Investview, Inc. and John “Randy” MacDonald dated May 15, 2012 (7)

10.7		Employment Agreement by and between Investview, Inc. and David M. Kelley dated August 16, 2012 (8)

10.8		Share Exchange Agreement between Investview Inc., Todd Tabacco, Derek Tabacco, Rich L’Insalata and Instilend Technologies Inc. (8)

10.9		Asset Purchase Agreement by and between Investview, Inc., Instilend Technologies Inc. and Fortified Management Group, LLC dated May 2, 2013 (11)

10.10		Assignment and Assumption Agreement by and between Investview, Inc., Fortified Management Group, LLC, Richard L’Insalata, Todd Tabacco and Derek Tabacco dated May 2, 2013 (11)

10.11		Agreement and Release by and between Investview, Inc., Instilend Technologies Inc., Fortified Management Group LLC and Todd Tabacco dated May 2, 2013 (11)

10.12		Agreement and Release by and between Investview, Inc., Instilend Technologies Inc., Fortified Management Group LLC and Derek Tabacco dated May 2, 2013 (11)

10.13		Agreement and Release by and between Investview, Inc., Instilend Technologies Inc., Fortified Management Group LLC and Richard L’Insalata dated May 2, 2013 (11)

10.14		Form of Exchange Agreement (14)

10.15		Agreement by and between Investview, Inc. and David M. Kelley dated July 14, 2014 (15)

10.16		Stipulation of Settlement Agreement with Evenflow Funding, LLC (16)

10.17		Purchase Agreement by and between Investview, Inc. and CertusHoldings, Inc. (18)

10.18		Asset Purchase Agreement by and between GGI Inc. and Gate Global Impact Inc. dated December 17, 2014 (19)

31.1		Certification of Principal Executive Officer pursuant to 13a-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2		Certification of Principal Financial Officer pursuant to 13a-14(a) under the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1		Certification of the Principal Financial Officer pursuant to 18 U.S.C Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

32.2		Certification of the Principal Financial Officer pursuant to 18 U.S.C Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

101.INS		XBRL Instance Document

101.SCH		XBRL Taxonomy Schema

101.CAL		XBRL Taxonomy Calculation Linkbase

101.DEF		XBRL Taxonomy Definition Linkbase

101.LAB		XBRL Taxonomy Label Linkbase

101.PRE		XBRL Taxonomy Presentation Linkbase

(1)		Incorporated by reference to the Form 8-K Current Report filed with the Securities and Exchange Commission on October 12, 2010

(2)		Incorporated by reference to the Form 8-K Current Report filed with the Securities and Exchange Commission on October 25, 2010

(3)		Incorporated by reference to the Form 8-K Current Report filed with the Securities and Exchange Commission on July 13, 2011

(4)		Incorporated by reference to the Form 8-K Current Report filed with the Securities and Exchange Commission on August 30, 2011

(5)		Incorporated by reference to the Form 10-K Annual Report filed with the Securities and Exchange Commission on July 14, 2011

(6)		Incorporated by reference to the Form 8-K Current Report filed with the Securities and Exchange Commission on October 11, 2011

(7)		Incorporated by reference to the Form 8-K Current Report filed with the Securities and Exchange Commission on May 21, 2012

(8)		Incorporated by reference to the Form 8-K Current Report filed with the Securities and Exchange Commission on August 20, 2012

(9)		Incorporated by reference to Exhibit 4.1 to the Company’s Form S-8 filed on July 25, 2012

(10)		Incorporated by reference to the Company’s Form 10-Q filed on February 14, 2013

(11)		Incorporated by reference to the Company’s Form 8-K filed on May 8, 2013

(12)		Incorporated by reference to the Form 8-K Current Report filed on October 8, 2013

(13)		Incorporated by reference to the Form 8-K Current Report filed on June 11, 2014

(14)		Incorporated by reference to the Form 8-K Current Report filed with the Securities and Exchange Commission on July 10, 2014

(15)		Incorporated by reference to the Form 8-K Current Report filed with the Securities and Exchange Commission on July 17, 2014.

(16)		Incorporated by reference to the Form 8-K Current Report filed with the Securities and Exchange Commission on October 16, 2014.

(17)		Incorporated by reference to the Form 8-K Current Report filed with the Securities and Exchange Commission on October 7, 2014.

(18)		Incorporated by reference to the Form 8-K Current Report filed with the Securities and Exchange Commission on December 4, 2014.

(19)		Incorporated by reference to the Form 8-K Current Report filed with the Securities and Exchange Commission on December 29, 2014.

(20)		Incorporated by reference to Exhibit 4.1 to the Company’s Form S-8 filed on December 17, 2014

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, thereunto duly authorized.

	INVESTVIEW, INC

Dated: November 20, 2015	By:	/s/ Dr. Joseph J. Louro
		Dr. Joseph J. Louro
		Chief Executive Officer
		(Principal Executive Officer)

Dated: November 20, 2015	By:	/s/ William C. Kosoff
		William C. Kosoff
		Chief Financial Officer
		(Principal Financial Officer and Accounting Officer)

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