Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1770

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 3
Chunk 1770
---
,380 (see NOTE 9).

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 December 31, 2024, we owed $1,785,573 under the Smith/Miller Agreement of which $1,785,572 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 9).

    F-16

INVESTVIEW,
INC.

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

DECEMBER
31, 2024 AND 2023

NOTE
6 – DEBT

Our
debt consisted of the following:

SCHEDULE OF DEBT 

    December
    31, 2024  
    December
    31, 2023 
  
    Loan with the
    U.S. Small Business Administration dated 4/19/20 [1] 
    $519,863  
    $530,306 
  
    Long
    term notes for APEX lease buyback [2] 
     -  
     685,883 
  
    Total debt 
     519,863  
     1,216,189 
  
    Less:
    Current portion 
     29,244  
     715,127 
  
    Debt,
    long term portion 
    $490,619  
    $501,062 

[1]In
                                            April 2020 we received proceeds of $500,000 from a loan entered into with the U.S. Small
                                            Business