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)

3 Months Ended

Mar. 31, 2024

As of March 31, 2024 and December 31, 2023, long-term debt consisted of the following:


	2024			2023
Revenue Loan and Security Agreement, net of debt issuance costs	$	3,775,447		$	3,791,950
Broken Stone Agreement		19,775			19,775
Less: current portion		(374,403	)		(335,636	)
Total long-term debt, net of current portion	$	3,420,818		$	3,476,089

Schedule of Short-term Borrowings and Current Portion of Long-term Debt

As of March 31, 2024 and December 31, 2023, short-term borrowings and current portion of long-term debt consisted of the following:


	2024		2023
Invoice Purchase and Security Agreement, net of debt issuance costs	$	3,795,669	$	3,568,295
Promissory Notes, net of debt discount and debt issuance costs		4,089,000		4,089,000
Commercial Premium Finance Agreement		104,174		269,894
Current portion of long-term obligations		374,403		335,636
Total short-term borrowings and current portion of long-term debt	$	8,363,246	$	8,262,825

Future Minimum Principal Payments, Exclusive of Debt Discounts, on Debt

Future minimum principal payments, exclusive of debt discounts, on debt as of March 31, 2024 are as follows:


2024	$	8,353,548
2025		552,365
2026		1,083,815
2027		1,960,387
	$	11,950,116

- 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