C-Bond Systems, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Notes Payable (Tables)

Notes Payable (Tables)

9 Months Ended

Sep. 30, 2022

	September 30, 2022			December 31, 2021
Notes payable	$	1,716,051		$	978,925
Note payable – PPP note		18,823			48,929
Total notes payable		1,734,874			1,027,854
Less: unamortized debt discount		(193,776	)		-
Note payable, net		1,541,098			1,027,854
Less: current portion of notes payable, net of discount		(1,528,084	)		(488,414	)
Notes payable – long-term	$	13,014		$	539,440

Schedule of future annual maturities of notes payable

September 30,	Amount
2023	$	1,721,860
2024		8,534
2025		4,480
Total notes payable on September 30, 2022	$	1,734,874

- 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