Company: INVUP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011912
Chunk: 30

Company: Investview, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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NOTE
6 – RELATED-PARTY TRANSACTIONS

Related
Party Debt

Our
related-party payables consisted of the following:

SCHEDULE OF RELATED PARTY PAYABLES 

    June 30, 
2025  
    December 31, 2024 
  
    Convertible Promissory Note entered into on 4/27/20, net of debt discount of $627,575 as
    of June 30, 2025 [1] 
    $672,425  
    $607,995 
  
    Convertible Promissory Note entered into on 5/27/20, net of debt discount of $340,721 as of June 30,
    2025 [2] 
     359,279  
     324,304 
  
    Convertible Promissory Note entered into on 11/9/20, net of debt discount of $663,167 as of June 30,
    2025 [3] 
     636,833  
     568,742 
  
    Working Capital Promissory Note entered into on 3/22/21 [4] 
     1,205,227  
     1,204,567 
  
    Total related-party debt 
     2,873,764  
     2,705,608 
  
    Less: Current portion 
     (1,205,227) 
     (1,204,567)
  
    Related-party debt, long term 
    $1,668,537  
    $1,501,041 

[1]On
                                            April 27, 2020, we received proceeds of $1,300,000 from DBR Capital, LLC (“DBR Capital”),
                                            an entity controlled by a member of our Board of Directors and entered into a convertible
                                            promissory note. The note is secured by collateral of the Company and its subsidiaries. The
                                            note bears interest at 20% per annum, payable monthly, and the principal is due and payable
                                            on April 27, 2030. Per the original terms of the agreement, the note was convertible into
                                            common stock at a conversion price of $0.01257 per share, which was amended on November 9,
                                            2020, to reduce the conversion price to $0.007 per share. At inception we recorded a beneficial
                                            conversion feature and debt discount