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, 2022

As of September 30, 2022 and December 31, 2021, debt consisted of the following:


	As of			As of
	September 30			December 31
	2022			2021
Long-term debt	$	4,077,380		$	1,566,598
Short-term debt		1,012,692			2,000,000
Line of credit		271,903			3,500,000
Total notes payable		5,361,975			7,066,598
Less: current portion		(1,559,139	)		(3,447,056	)
Less: debt issuance costs		(208,677	)		—
Less: line of credit		(123,191	)		(3,500,000	)
Total notes payable, net of current portion	$	3,470,968		$	119,542

Future Minimum Principal Payments of Debt

Future minimum principal payments on the notes payable are, as of September 30, 2022:


2022 (for the remainder of)	$	412,690
2023		1,532,927
2024		730,398
2025		1,061,858
2026		1,624,102
	$	5,361,975

- 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