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, 2024

As of September 30, 2024 and December 31, 2023, long-term debt consisted of the following:


	2024			2023
Revenue Loan and Security Agreement, net of debt issuance costs	$	3,691,350		$	3,791,950
Broken Stone Agreement		19,775			19,775
Total long-term debt		3,711,125			3,811,725
Less: current portion		(475,006	)		(335,636	)
Total long-term debt, net of current portion	$	3,236,119		$	3,476,089

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

As of September 30, 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	$	4,008,018	$	3,568,295
Promissory Notes, net of debt premium and debt issuance costs		8,219,204		4,089,000
Commercial Premium Finance Agreement		320,085		269,894
Current portion of long-term obligations		475,006		335,636
Total short-term borrowings and current portion of long-term debt	$	13,022,313	$	8,262,825

Future Minimum Principal Payments on Debt

Future minimum principal payments, on debt as of September 30, 2024 are as follows:


2024	$	12,730,750
2025		525,354
2026		1,030,816
2027		2,108,560
	$	16,395,480

- 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.

+ References

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+ Details