Quarterly report pursuant to Section 13 or 15(d)

Accrued Liabilities

v3.23.3
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.