Company: INVUP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010230
Chunk: 26

Company: Investview, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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 on 4/27/20, net of debt discount of $659,967
    as of March 31, 2025 [1] 
    $640,033  
    $607,996 
  
    Convertible Promissory Note entered into on 5/27/20, net of debt discount of $358,309
    as of March 31, 2025 [2] 
     341,691  
     324,304 
  
    Convertible Promissory Note entered into on 11/9/20, net of debt discount of $697,397
    as of March 31, 2025 [3] 
     602,603  
     568,742 
  
    Working Capital Promissory Note entered into on 3/22/21 [4] 
     1,204,897  
     1,204,567 
  
    Total related-party debt 
     2,789,224  
     2,705,608 
  
    Less: Current portion 
     (1,204,897) 
     (1,204,567)
  
    Related-party debt, long term 
    $1,584,327  
    $1,501,041 

[1]On April 27, 2020, we received proceeds of $1,300,000 from DBR Capital, LLC, 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 of $1,300,000. During
the three months ended March 31, 2025, we recognized $32,037 of the debt discount into interest expense, as well as expensed an additional
$65,004 of interest expense on the note, all of which was repaid during the period.

[2]On May 27, 2020, we received proceeds of $700