Company: INVUP
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001641172-25-001193
Chunk: 1339

Company: Investview, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1A
Chunk 1339
---

Related
Party Debt

Our
related party debt consisted of the following:

SCHEDULE OF RELATED PARTY PAYABLES 

    December
    31,  
    December
    31, 

    2024  
    2023 
  
    Convertible
    Promissory Note entered into on 4/27/20, net of debt discount of $692,004
    as of December 31, 2024 [1] 
    $607,996  
    $477,711 
  
    Convertible Promissory
    Note entered into on 5/27/20, net of debt discount of $375,700
    as of December 31, 2024 [2] 
     324,304  
     253,566 
  
    Convertible Promissory
    Note entered into on 11/9/20, net of debt discount of $731,254
    as of December 31, 2024 [3] 
     568,742  
     431,072 
  
    Working
    Capital Promissory Note entered into on 3/22/21 [4] 
     1,204,567  
     1,203,247 
  
    Total related-party debt 
     2,705,608  
     2,365,596 
  
    Less:
    Current portion 
     (1,204,567) 
     (1,203,247)
  
    Related-party
    debt, long term 
    $1,501,041  
    $1,162,349 

[1]On
                                            April 27, 2020, we received proceeds of $1,300,000 from DBR Capital, LLC, an entity controlled
                                            by a member of our Board of Directors, and entered into a convertible promissory note. The
                                            note is secured by collateral of the Company and its subsidiaries. The note bears interest
                                            at 20% per annum, payable monthly, and the principal is due and payable on April 27, 2030.
                                            Per the original terms of the agreement, the note was convertible into common stock at a
                                            conversion price of $0.01257 per share, which was amended on November 9, 2020 to reduce the
                                            conversion price to $0.007 per share. At inception we recorded a beneficial conversion