Company: ATVK
Filing Date: 2025-06-05
Form Type: 10-K/A
Source: 0001376474-25-000512
Chunk: 20

Company: Ameritek Ventures, Inc.
Filing Date: 2025-06-05
Form: 10-K/A
Chunk 20
---
 the outstanding stock of Interactive Systems, Inc. a Massachusetts corporation for $675,000 and paid $337,500 cash and issued a 6% amortizing two-year debt for $337,500. The 100% stock acquisition resulted in $ product development costs, see table below for calculations.

| Consideration paid:                                                                                                                                  |     |   | May 2021 |   |
|:-----------------------------------------------------------------------------------------------------------------------------------------------------|:----|:--|---------:|:--|
| Total cost                                                                                                                                           |     | $ |  675,000 |   |
| Net assets acquired:                                                                                                                                 |     |   |          |   |
| Additional paid-in capital                                                                                                                           |     |   | (235,012 | ) |
| Capital stock                                                                                                                                        |     |   |  (35,926 | ) |
| Owners - fractional stock purchase                                                                                                                   |     |   |   88,902 |   |
| Retained earnings at December 31, 2020                                                                                                               |     |   |  352,609 |   |
| Treasury stock                                                                                                                                       |     |   |   33,326 |   |
| Retained earnings January 1, 2021 to May 14, 2021                                                                                                    |     |   | (103,138 | ) |
| Total net assets acquired when purchasing Interactive Systems, Inc.                                                                                  |     |   | (100,761 | ) |
| Consideration paid in excess of fair value (Goodwill1)                                                                                               |     | $ |  775,761 |   |
| (1) The excess of the net fair value of assets acquired and liabilities assumed from purchase of Interactive Systems, Inc. was assigned to goodwill. |     |   |          |   |

The Company’s outstanding balance was $14,958 payable to former owners of Interactive Systems, Inc. as of December 31, 2024.

The Company’s outstanding balance was $14,958 payable to former owners of Interactive Systems, Inc. as of December 31, 2023.

interlinkONE, Inc. Acquisition

Ecker Capital, LLC, a subsidiary of the Company, purchased the outstanding stock of interlinkONE, Inc., a Massachusetts corporation for $500,000 on October 1, 2021, and paid $250,000 cash and issued a 6% amortizing two-year debt for $250,000 with interest paid monthly. The 100% acquisition resulted in $ product development costs, see table below for calculations