Company: ATVK
Filing Date: 2025-11-14
Form Type: 10-Q/A
Source: 0001376474-25-000934
Chunk: 15

Company: Ameritek Ventures, Inc.
Filing Date: 2025-11-14
Form: 10-Q/A
Chunk 15
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, |
|:---------------------------------------------|:----|:-----|--------------:|:----|:-----|-------------:|
| Bozki1 loan #1 (note 10)                     |     | $    |       200,000 |     | $    |      200,000 |
| Bozki2 loan #2 (note 10)                     |     |      |       564,094 |     |      |      572,411 |
| VW Win Epazz3 loan (note 10)                 |     |      |       250,000 |     |      |      250,000 |
| SBA Reading Coop loan - sold                 |     |      |             - |     |      |            - |
| SBA Interactive Systems loan - sold          |     |      |             - |     |      |            - |
| SBFC LLC loan - sold                         |     |      |             - |     |      |            - |
| Cloud Builder note                           |     |      |        24,426 |     |      |            - |
| Less: current portion                        |     |      |             - |     |      |            - |
| Total promissory notes, less current portion |     | $    |     1,038,920 |     | $    |    1,022,411 |

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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 $45,426 is recorded as a long-term liability in the balance sheet as September 30, 2025.

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 year ended December 31, 2024 the Company converted $40,901 accrued interest to long-term debt and recorded an accrued interest expense of $555,447.

Assumption of $200,000 convertible note from Bozki merger

Ameritek merged with Bozki, Inc. on . At the merger the Company assumed a of $ and accrued interest of $ with Epazz, Inc., (“Epazz”), a Wyoming corporation and a related party, see note 10. The promissory note had an effective date of , an interest rate of eight percent (%) per year