v3.25.2
3. FAIR VALUE OF FINANCIAL INSTRUMENTS: Fair Value Measurements, Nonrecurring (Tables)
 6 Months Ended
Jun. 30, 2025
Tables/Schedules  
Fair Value Measurements, Nonrecurring

 

 

Fair Value Measurements as of June 30, 2025

 

Level 1

 

Level 2

 

Level 3

 

Assets

 

 

 

 

 

 

 

 

 

   Commitment fees – lines of credit

$

-

 

$

25,872

 

$

-

 

   ZenaTech securities

 

-

 

 

5,031,886

 

 

-

 

   Total assets

 

-

 

 

5,057,758

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

   Short-term debt

 

-

 

 

21,000

 

 

-

 

   Short-term advance from affiliate

 

 

 

 

317,893

 

 

 

 

   Long-term debt, including current portion

 

-

 

 

1,022,411

 

 

-

 

Total liabilities

$

-

 

$

(1,361,304

)

$

-

 

 

Ameritek sold Ecker Capital, LLC to ZenaTech, Inc., a related party, on October 1, 2024. As a result of this sale, Ameritek owns an investment in ZenaTech, Inc. As of December 31, and as of June 30, 2025 Ameritek owned

- 1,000,000 common shares of ZenaTech stock or approximately $2,631,886,

- 5,000 super voting shares of ZenaTech stock or approximately $150,000, and,

- 750,000 preferred shares of ZenaTech stock or approximately $2,250,000.

 

Ameritek owes Epazz, a related party, $317,793, representing amounts transferred in error as of June 30, 2025 and December 31, 2024 (note 10).

 

For a detailed description of the sale, please refer to notes 5, Divestitures, and note 10, Related Parties.

 

 

Fair Value Measurements as of December 31, 2024

 

Level 1

 

Level 2

 

Level 3

 

Assets

 

 

 

 

 

 

 

 

 

   Commitment fees – lines of credit

$

-

 

$

27,720

 

$

-

 

   ZenaTech securities

 

-

 

 

5,031,886

 

 

-

 

   Total assets

 

-

 

 

5,059,606

 

 

-

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

   Short-term debt

 

-

 

 

21,000

 

 

-

 

   Short-term advance from affiliate

 

-

 

 

317,793

 

 

-

 

   Long-term debt, including current portion

 

-

 

 

1,022,411

 

 

-

 

Total liabilities

$

-

 

$

(1,361,204

)

$

-