Company: ATVK
Filing Date: 2025-06-05
Form Type: 10-K/A
Source: 0001376474-25-000512
Chunk: 22

Company: Ameritek Ventures, Inc.
Filing Date: 2025-06-05
Form: 10-K/A
Chunk 22
---
 2024 and December 31, 2023.

|                                              | December 31, |            |     | December 31, |            |
|                                              |         2024 |            |     |         2023 |            |
| Bozki1 loan #1 (note 10)                     |              |   $200,000 |     |              |   $200,000 |
| Bozki2 loan #2 (note 10)                     |              |    572,411 |     |              |    572,411 |
| VW Win Epazz3 loan (note 10)                 |              |    250,000 |     |              |    250,000 |
| SBA Reading Coop loan                        |              |          - |     |              |      3,311 |
| SBA Interactive Systems loan – sold          |              |          - |     |              |    500,000 |
| SBFC LLC loan – sold                         |              |          - |     |              |     42,753 |
| Cloud Builder note - sold                    |              |          - |     |              |    364,973 |
| Less: current portion                        |              |          - |     |              |          - |
| Total promissory notes, less current portion |              | $1,022,411 |     |              | $1,933,448 |

1

2

3

Ameritek utilizes its available lines of credit with related parties (note 10) to justify the long-term classification of the current portion of third-party debt. As such the current portion of long-term debt of $48,567 is recorded as a long-term liability in the balance sheet as of December 31, 2024. During the quarter ended December 31, 2024 the Company converted $40,901 accrued interest to long-term debt and recorded an accrued interest expense of $.

The current portion of long-term debt of $46,063 is recorded as a long-term liability in the balance sheet as of December 31, 2023. The Company recorded an accrued interest expense of $ as of December 31, 2023.

Assumption of $1,000,000 convertible note from Bozki merger and conversion to $500,000 convertible note

Ameritek merged with Bozki, Inc. on . At the merger the Company assumed a of $ and accrued interest of $ with Epazz, Inc