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)

3 Months Ended

Mar. 31, 2022

	March 31, 2022			December 31, 2021
Notes payable	$	1,166,637		$	978,925
Note payable – PPP note		37,697			48,929
Total notes payable		1,204,334			1,027,854
Less: unamortized debt discount		(33,985	)		-
Note payable, net		1,170,349			1,027,854
Less: current portion of notes payable, net		(640,016	)		(488,414	)
Notes payable – long-term	$	530,333		$	539,440

Schedule of future annual maturities of notes payable

March 31,	Amount
2023	$	674,001
2024		523,147
2025		7,186
Total notes payable on March 31, 2022	$	1,204,334

- 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