Ascent Industries Co. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Accrued Expenses

Accrued Expenses

12 Months Ended

Dec. 29, 2012

Payables and Accruals [Abstract]

Accrued Expenses

Accrued Expenses

Accrued expenses consist of the following:



	2012				2011
Salaries, wages and commissions	$	3,275,685			$	2,176,495
Current portion of contingent consideration	2,500,000				—
Advances from customers	2,015,246				1,146,559
Insurance	1,008,434				958,615
Taxes, other than income taxes	1,600,762				68,377
Benefit plans	260,810				175,943
Interest	482,503				4,928
Professional fees	259,933				225,000
Other accrued items	680,126				356,745
Total accrued expenses	$	12,083,499			$	5,112,662