Company: INVUP
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001493152-25-011912
Chunk: 34

Company: Investview, Inc.
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 Mr. Romano and Ms. Raynor agreed to waive
any future entitlement, if at all, to indemnification of costs and expenses, including legal fees under Nevada law or otherwise arising
from or relating to any period in which Romano or Raynor were officers and directors of the Company.

The
consideration paid for the Purchased Shares of $2,922,380 plus the $250,000 expense allowance was allocated to the share purchase for
a total of $3,172,380.

On
February 7, 2024, we closed on the purchase in a private transaction of shares of our common stock under the terms of a Stock Purchase
and Release Agreement dated February 6, 2024 (the “Smith/Miller Agreement”). Under the Smith/Miller Agreement, the Company
purchased for surrender and cancellation a total of 472,374,710 shares of the Company’s common stock (the “Smith/Miller Purchased
Shares”) from Ryan Smith and Chad Miller and certain of their respective affiliates and family members. The Smith/Miller Purchased
Shares were purchased for aggregate purchase price of $3,571,146, representing a price of $0.007559985 per share. One-eighth of the purchase
price was 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 June 30, 2025, we owed $892,787 under the Smith/Miller Agreement of which $892,787 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 10).

NOTE
7 – DEBT

Our
debt consisted of the following:

SCHEDULE OF DEBT 

    June 30, 2025  
    December 31, 2024 
  
    Loan with the U.S. Small Business Administration dated 4/19/20 [1] 
    $514,539  
    $519,863 
  
    Total debt 
     514,539  
     519,863 
  
    Less: current portion 
     29,244  
     29,244 
  
    Debt, long term portion 
    $485,295  
    $490,619 

  [1]
  In April 2020 we received proceeds of $500,000