Quarterly report pursuant to Section 13 or 15(d)

Accrued Liabilities

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Accrued Liabilities
 9 Months Ended
Sep. 30, 2023
Accrued Liabilities [Abstract]  
Accrued Liabilities

6. Accrued Liabilities

 

Accrued liabilities consisted of the following:

 

    September 30,
2023		     December 31,
2022		  
Accrued compensation   $ 1,740,458     $ 1,501,736  
Accrued professional fees     1,261,385       794,021  
Accrued insurance     1,629,731       590,936  
Accrued sales and property taxes     1,196,468       171,660  
Accrued royalties     250,000      
-
  
Other accrued expenses     396,777       84,624  
Total accrued expenses   $ 6,474,818     $ 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.