Company: INVUP
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001493152-25-022223
Chunk: 88

Company: Investview, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 88
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BT 

    September 30, 2025  
    December 31,2024 
  
    Loan with the U.S. Small Business Administration dated 4/19/20 [1] 
    $511,984  
    $519,863 
  
    Total debt 
     511,984  
     519,863 
  
    Less: current portion 
     29,244  
     29,244 
  
    Debt, long term portion 
    $482,740  
    $490,619 

[1]In April 2020 we
received proceeds of $500,000 from a loan entered into with the U.S. Small Business Administration. Under the terms of the loan interest
is to accrue at a rate of 3.75% per annum and installment payments of $2,437 monthly will begin twelve months from the date of the loan,
with all interest and principal due and payable thirty years from the date of the loan. During the nine months ended September 30, 2025,
we recorded $14,024 worth of interest on the loan. During the nine months ended September 30, 2025, we made repayments on the loan of
$21,933.

In
November of 2020, we entered into notes with third parties for $19,089,500 in exchange for the cancellation of APEX leases previously
entered into, which resulted in our purchase of all rights and obligations under the leases. We agreed to settle a portion of the debt
during the year ended March 31, 2021, at a discount to the original note terms offered, by making lump sum payments, issuing 48,000,000
shares of our common stock, issuing 49,418 shares of our preferred stock, and issuing digital assets. The remaining notes were due December
31, 2024, and had a fixed monthly payment that is equal to 75% of the face value of the note, divided by 48 months. The monthly payments
began the last day of January 2021 and continued until December 31, 2024, when the last monthly payment was made, along with a balloon
payment equal to 25% of the face value of the note, to extinguish the debt. During the fourth quarter ended December 31, 2023, we offered
all note holders an early payoff option. During the nine months ended September 30, 202