Stryve Foods, Inc. General form of registration statement for all companies including face-amount certificate companies

Debt (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2021

Dec. 31, 2020

As of September 30, 2021 and December 31, 2020, debt consisted of the following:

Schedule of Debt


	As of			As of
	September 30,			December 31,
	2021			2020
Long-term debt	$	294,933		$	5,677,505
Short-term debt		3,304,897			7,745,843
Related party notes payable		-			3,001,366
Convertible Notes, net of subscriptions to members		-			8,254,390
Payroll protection loan		-			1,669,552
Other notes payable		-			212,066
Line of credit		3,500,000			3,500,000
Total notes payable		7,099,830			30,060,722
Less: current portion		(3,445,495	)		(22,649,995	)
Less: line of credit		(3,500,000	)		(3,500,000	)
Notes payable, net of current portion		154,335			3,910,727
Deferred financing fees		-			(36,492	)
Total notes payable, net	$	154,335		$	3,874,235

A breakout of the classifications of debt held as of and for the years ending December 31, 2020 and 2019 are as follows :

Schedule of Debt

	2020			2019
Long term debt		5,677,505		$	4,736,622
Short term debt		7,745,843			3,001,366
Related party notes payable		3,001,366			3,662,067
Convertible notes, net of subscriptions to members of the company (Note 10)		8,254,390			5,414,390
Payroll protection loan		1,669,552			-
Other notes payable		212,066			407,893
Line of credit (Note 8)		3,500,000			3,500,000
Total notes payable		30,060,722			20,722,338
Less: current portion		(22,649,995	)		(2,558,122	)
Less: line of credit		(3,500,000	)		(3,500,000	)
Notes payable, net of current portion		3,910,727			14,664,216
Deferred financing fees		(36,492	)		-
Total notes payable, net	$	3,874,235		$	14,664,216

Future minimum principal payments on the notes payable are as of September 30, 2021:

Future minimum principal payments on the notes payable are as follows for the years ending December 31: