Annual report pursuant to Section 13 and 15(d)

ACCRUED EXPENSES

v3.23.1
ACCRUED EXPENSES
12 Months Ended
Dec. 31, 2022
Payables and Accruals [Abstract]  
ACCRUED EXPENSES

NOTE 7. ACCRUED EXPENSES

Accrued expenses consisted of the following at December 31, 2022 and 2021:

 

 

 

December 31,

 

 

December 31,

 

 

 

2022

 

 

2021

 

Commissions and royalties

 

$

1,869,704

 

 

$

1,165,744

 

Payroll and related

 

 

1,703,703

 

 

 

1,156,291

 

Interest

 

 

100,398

 

 

 

233,333

 

Other

 

 

23,699

 

 

 

110,705

 

Total accrued expenses

 

$

3,697,504

 

 

$

2,666,073