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, 2021

	September 30, 2021			December 31, 2020
Notes payable	$	989,716		$	400,000
Note payable - PPP note		156,200			156,200
Total notes payable		1,145,916			556,200
Less: current portion of notes payable		(604,560	)		(521,138	)
Notes payable – long-term	$	541,356		$	35,062

Schedule of future annual maturities of notes payable

September 30,	Amount
2022	$	604,560
2023		528,924
2024		8,533
2025		3,899
Total notes payable on September 30, 2021	$	1,145,916

- 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