Quarterly report pursuant to Section 13 or 15(d)

Accrued Liabilities

v3.22.2.2
Accrued Liabilities
9 Months Ended
Sep. 30, 2022
Accrued Liabilities  
Accrued Liabilities

Note 4 — Accrued Liabilities

Accrued liabilities consisted of the following:

    

September 30, 

    

December 31, 

    

2022

    

2021

Accrued compensation and benefits

$

2,892,783

$

406,510

Accrued litigation fees

 

493,596

 

501,078

Accrued expenses

 

200,723

 

123,118

Accrued interest

 

12,842

 

14,201

Total accrued liabilities

$

3,599,944

$

1,044,907

On July 10, 2019, Huddled Masses was named as a defendant in a lawsuit related to a delinquent balance to a vendor. On July 28, 2022, the Company entered into a settlement agreement with the vendor and agreed to pay a total of $515,096 with monthly installment payments over 24 months beginning September 1, 2022.