|3 Months Ended|
Mar. 31, 2023
|Payables and Accruals [Abstract]|
Note 5 – Accrued Expenses
Accrued expenses at March 31, 2023 (unaudited) and December 31, 2022 consisted of the following:
Schedule of Accrued Expenses
Accrued payroll and related liabilities at March 31, 2023 and December 31, 2022 included approximately $3.1 million and $3.0 million, respectively, for penalties associated with approximately $4.0 million and $4.0 million of accrued past due payroll taxes as of March 31, 2023 and December 31, 2022, respectively.
During the fourth quarter of 2022, the Company’s Big South Fork Medical Center received a communication that its final Medicare cost report for the six months ending December 31, 2021 was accepted and that it reflected a retroactive adjustment of $1.6 million as a result of an overpayment. Accordingly, the Company has reflected the $1.6 million cost report adjustment as a liability at March 31, 2023 and December 31, 2022. Furthermore, the Company recognized an additional $0.4 million and $0.5 million as a liability (net of recoupments) at March 31, 2023 and December 31, 2022, respectively, based on further correspondence with its fiscal intermediary and likely overpayments by Medicare for fiscal 2022.
The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef