Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 564

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 9C
Chunk 564
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 paid within seven (7) days of the closing, with the balance payable in a series of equal quarterly payments over seven (7)
consecutive quarters thereafter. As of December 31, 2024, we owed $1,785,573 under the Smith/Miller Agreement of which $1,785,572 is
included in Accounts payable and accrued liabilities.

The
consideration paid for the Purchased Shares of $3,571,146 was allocated to the share purchase (see NOTE 9).

    F-16

INVESTVIEW,
INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER
31, 2024 AND 2023

NOTE
6 – DEBT

Our
debt consisted of the following:

SCHEDULE OF DEBT 

    December
    31, 2024  
    December
    31, 2023 
  
    Loan with the
    U.S. Small Business Administration dated 4/19/20 [1] 
    $519,863  
    $530,306 
  
    Long
    term notes for APEX lease buyback [2] 
     -  
     685,883 
  
    Total debt 
     519,863  
     1,216,189 
  
    Less:
    Current portion 
     29,244  
     715,127 
  
    Debt,
    long term portion 
    $490,619  
    $501,062 

[1]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 years ended December 31, 2024 and 2023, we recorded $18,801 and $18,750
                                            worth of interest on the loan, respectively. During the years ended December 31, 2024 and
                                            2023, we made repayments on the loan of $29,244 and $31,681.

[2]In
                                            November of 2020, we entered into notes with third parties for $19,