Company: INVUP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010230
Chunk: 30

Company: Investview, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 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 March
31, 2025, we owed $1,339,180 under the Smith/Miller Agreement of which $1,339,180 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 

    March 31, 2025  
    December 31, 2024 
  
    Loan with the U.S. Small Business Administration dated 4/19/20 [1] 
    $517,176  
    $519,863 
  
    Total debt 
     517,176  
     519,863 
  
    Less: Current portion 
     29,244  
     29,244 
  
    Debt, long term portion 
    $487,932  
    $490,619 

  [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 three months ended March 31, 2025, we recorded $4,623
worth of interest on the loan. During the three months ended March 31, 2025, we made repayments on the loan of $7,310