Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 806

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 12
Chunk 806
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. Cammarata elects to challenge our cash tender in a court proceeding, and if we are unable to sustain our legal position on the matter,
Mr. Cammarata could receive up to approximately 203 million shares of our common stock upon conversion of the Cammarata Note. As a result
of his recent incarceration, the Company has been unable to further adjudicate these issues with Mr. Cammarata.

On
March 22, 2021, we entered into Securities Purchase Agreements to purchase 100% of the operating assets of SSA Technologies LLC, an entity
that owns and operates a FINRA-registered broker-dealer. SSA is controlled and partially owned by Joseph Cammarata, our former Chief
Executive Officer. Commencing upon execution of the agreements and through the closing of the transactions, we agreed to provide certain
transition service arrangements to SSA. In connection with the transactions, we entered into a Working Capital Promissory Note with SSA
under which SSA was to have advanced to us up to $1,500,000 before the end of 2021; however, SSA has only provided advances of $1,200,000
to date. The note bears interest at the rate of 0.11% per annum therefore we recognized $990 worth of interest expense on the loan during
the nine months ended September 30, 2024. The note was due and payable by January 31, 2022; however, has not yet been repaid as we consider
our legal options in light of SSA’s failure to complete its funding obligations. The note was to have been secured by the pledge
of 12,000,000 shares of our common stock; however, it remains unsecured as the pledge of shares was not implemented at the closing of
the loan. As a result of his recent incarceration, the Company has been unable to further adjudicate these issues with Mr. Cammarata.

    F-22

INVESTVIEW,
INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER
31, 2024 AND 2023

NOTE
11 – SEGMENT REPORTING

The
company has three reportable segments, Financial Education and Technology, Blockchain Technology and Crypto Mining Products and Services,
and Manufacturing and Development of Health, Beauty and Wellness Products. The reportable segments are identified based on the types
of products that generate revenue.

The
segment performance that the CODM uses to measure performance is net income (loss) from