Stryve Foods, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

Debt (Tables)

9 Months Ended

Sep. 30, 2021

As of March 31, 2022 and December 31, 2021, debt consisted of the following:


	As of			As of
	March 31			December 31
	2022			2021
Long-term debt	$	223,195		$	1,566,598
Short-term debt		—			2,000,000
Line of credit		—			3,500,000
Total notes payable		223,195			7,066,598
Less: current portion		(139,534	)		(3,447,056	)
Less: line of credit		—			(3,500,000	)
Total notes payable, net of current portion	$	83,661		$	119,542

Future Minimum Principal Payments of Debt

Future minimum principal payments on the notes payable are as of March 31, 2022:


2022 (for the remainder of)	$	103,627
2023		93,980
2024		18,255
2025		7,333
2026		—
	$	223,195

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details