Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses

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Accrued Expenses
3 Months Ended
Mar. 31, 2021
Payables and Accruals [Abstract]  
Accrued Expenses

Note 5 – Accrued Expenses

 

Accrued expenses at March 31, 2021 (unaudited) and December 31, 2020 consisted of the following:

 

    March 31,     December 31,  
    2021     2020  
Accrued payroll and related liabilities   $ 9,059,414     $ 8,263,940  
HHS Provider Relief Funds     1,909,217       4,400,000  
Accrued interest     5,530,997       4,728,942  
Accrued legal     1,097,318       1,097,318  
Amounts owed under accounts receivable sales agreements in excess of accounts receivable     651,219       -  
Other accrued expenses     1,143,959       645,369  
Accrued expenses   $ 19,392,124     $ 19,135,569  

 

Accrued payroll and related liabilities at March 31, 2021 and December 31, 2020 included approximately $2.6 million and $2.5 million, respectively, for penalties associated with approximately $4.7 million and $4.4 million of accrued past due payroll taxes as of March 31, 2021 and December 31, 2020, respectively.

 

As of March 31, 2021 and December 31, 2020, we have deferred $1.9 million and $4.4 million, respectively, of HHS Provider Relief funds as more fully discussed in Note 2.

 

Amounts owed under accounts receivable sales agreements of $0.7 million at March 31, 2021 are more fully discussed in Note 4.