Annual report pursuant to Section 13 and 15(d)

ACCRUED EXPENSES

v3.22.1
ACCRUED EXPENSES
 12 Months Ended
Dec. 31, 2021
Payables And Accruals [Abstract]  
ACCRUED EXPENSES

NOTE 8. ACCRUED EXPENSES

Accrued expenses consisted of the following at December 31, 2021 and 2020:

 

 

 

2021

 

 

2020

 

Share redemption consideration

 

$

—

 

 

$

510,776

 

Commissions and royalties

 

 

1,165,744

 

 

 

398,096

 

Payroll and related

 

 

1,156,291

 

 

 

173,487

 

Interest

 

 

233,333

 

 

 

95,879

 

Income tax (receivable) payable

 

 

(3,111

)

 

 

42,218

 

Other

 

 

113,816

 

 

 

112,576

 

Total accrued expenses

 

$

2,666,073

 

 

$

1,333,032