General form of registration statement for all companies including face-amount certificate companies

Accrued Liabilities

v3.23.2
Accrued Liabilities
 3 Months Ended
Mar. 31, 2023
Accrued Liabilities [Abstract]  
Accrued Liabilities

6. Accrued Liabilities

 

Accrued liabilities consisted of the following:

 

    March 31,
2023		     December 31,
2022		  
Accrued compensation   $ 532,973     $ 1,501,736  
Accrued professional fees     1,390,130       794,021  
Accrued insurance     363,158       590,936  
Accrued sales and property taxes     1,294,305       171,660  
Other accrued expenses     75,702       84,624  
Total accrued expenses   $ 3,656,268     $ 3,142,977  

 

In April 2023, the Company received correspondence from the State of Texas assessing a sale and use tax liability of $1.2 million. The accrual is recorded under accrued liabilities of the condensed consolidated balance sheet.