Company: INVUP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011912
Chunk: 32

Company: Investview, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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 beneficial conversion
                                            feature and debt discount of $1,300,000. During the six months ended June 30, 2025, we recognized
                                            $68,091 of the debt discount into interest expense and expensed an additional $250,248
                                            of interest expense on the note, all of which was repaid during the period.

  [4]
  On March 22, 2021, we entered into Securities Purchase Agreements
to purchase 100% of the operating assets of SSA Technologies LLC (“SSA”), an entity that owns and operates a FINRA-registered
broker-dealer. SSA is controlled and partially owned by Joseph Cammarata, our former Chief Executive Officer. (See NOTE 11). Commencing
upon execution of the agreements and through the closing of the transactions, we agreed to provide certain transition service arrangements
to SSA. In connection with the transactions, we entered into a Working Capital Promissory Note with SSA under which SSA was to have advanced
to us up to $1,500,000 before the end of 2021; however, SSA only provided advances of $1,200,000, to date. The note bears interest at
the rate of 0.11% per annum. The note was due and payable by January 31, 2022; however, has not yet been repaid as we consider our legal
options in light of SSA’s failure to complete its funding obligations, and the other damages we sustained as a result of the actions
of Mr. Cammarata. During the six months ended June 30, 2025, we recorded interest expense of $660 on the note. The note was to have been
secured by the pledge of 12,000,000 shares of our common stock; however, it remains unsecured as the pledge of shares was not implemented
at the closing of the loan.

The
loans referenced in footnotes 1-3 above were advanced under a Securities Purchase Agreement we entered into on April 27, 2020, with DBR
Capital. Under the Securities Purchase Agreement (which was subsequently amended and restated), DBR Capital agreed to advance up to $11
million to us in a series of up to five closings through December 31, 2026, of which the amounts advanced covered in footnotes 1-3 above
constituted the first three closings.

On
February 28, 2025, we and DBR Capital