Direct Digital Holdings Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Cover
- Document and Entity Information
Financial Statements
Notes to Financial Statements
Accounting Policies
- Basis of Presentation and Summary of Significant Accounting Policies (Policies)
Notes Tables
Notes Details

Accrued Liabilities

Accrued Liabilities

9 Months Ended

Sep. 30, 2023

Accrued Liabilities

Accrued Liabilities

Note 5 — Accrued Liabilities

Accrued liabilities consisted of the following:


	September 30,		December 31,
	2023		2022
Accrued compensation and benefits	$	2,967,115	$	4,128,505
Accrued expenses		547,661		206,639
Accrued severance		309,618		—
Accrued litigation settlement		235,596		429,096
Accrued interest		11,138		13,524
Total accrued liabilities	$	4,071,128	$	4,777,764

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.