Company: ATVK
Filing Date: 2025-05-12
Form Type: 10-K/A
Source: 0001376474-25-000446
Chunk: 29

Company: Ameritek Ventures, Inc.
Filing Date: 2025-05-12
Form: 10-K/A
Chunk 29
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000shares of Preferred Stock, Series C to Cloud Builder, Inc.for debt issuance fees consistent with the terms of the agreement on October 2, 2023. The Company settled a note payable for $164,000 which reduced the amount of the additional paid-in-capital for the same amounton October 2, 2023. Ameritek issued 20,000,000shares of Common Stock for debt conversion to common stock, consistent with the terms of the agreement on October 26, 2023. Ameritek issued 29,000,000shares of Common Stock for debt conversion to Cloud Builder, Inc.into class A common stock, consistent with the terms of the agreement on January 31, 2024(note 8). Ameritek issued 30,000,000shares of Common Stock for debt conversion to Cloud Builder, Inc.into class A common stock, consistent with the terms of the agreement on April 29, 2024( note 8). There were 950,000,000shares of common stock authorized, 613,226,791issued and outstanding as of December 31, 2024. There were 950,000,000shares of common stock authorized, 554,226,791issued and outstanding as of December 31, 2023. 24

RELATED PARTIES

We organized the related party transactions by total as of December 31, 2024 in the table below according to ASC 850. Readers should refer to the footnotes following the table for a detailed description of all related party transactions.

| ASC 850 | Related Party              | Relationship                                                                           | Transaction type                | Stock as of December 31, 2024 | Total dollars as of December 31, 2024 |
|:--------|:---------------------------|:---------------------------------------------------------------------------------------|:--------------------------------|------------------------------:|--------------------------------------:|
| 1       | Shaun Passley, PhD         | Chairman of the BOD, Secretary, President, CEO, CFO, COO                               | Common stock ownership          |                    79,098,457 |                                     - |
| 2       | Shaun Passley, PhD         | Chairman of the BOD, Secretary, President, CEO, CFO, COO                               | Preferred C stock ownership     |                     2,000,000 |                                     - |
| 3       | Epazz, Inc.1               | Owner of over 95% voting stock                                                         | Preferred B stock ownership     |                    10,000,000 |                                     -