| Accrued Expenses |
Accrued Expenses
Accrued expenses consist of the following:
|
|
|
|
|
|
|
|
|
|
2015 |
|
2014 |
Salaries, wages and commissions |
1,941,547 |
|
|
2,814,279 |
|
Facility closing reserves |
3,000,000 |
|
|
1,570,399 |
|
Taxes, other than income taxes |
744,880 |
|
|
470,456 |
|
Current portion of pension liability from the closure of Bristol Fab |
643,802 |
|
|
780,595 |
|
Advances from customers |
637,597 |
|
|
1,027,123 |
|
Insurance |
629,625 |
|
|
859,151 |
|
Professional fees |
531,694 |
|
|
194,065 |
|
EPA liability |
368,690 |
|
|
— |
|
Warranty reserve |
254,516 |
|
|
63,000 |
|
Interest rate swap liability |
246,145 |
|
|
215,188 |
|
Benefit plans |
181,694 |
|
|
212,352 |
|
Current portion of deferred compensation |
36,000 |
|
|
51,000 |
|
Interest |
27,977 |
|
|
56,922 |
|
Current portion of capital lease obligation |
20,539 |
|
|
— |
|
Current portion of earn-out liability |
— |
|
|
4,659,871 |
|
Uncertain tax positions |
— |
|
|
1,504,146 |
|
Other accrued items |
469,174 |
|
|
206,139 |
|
Total accrued expenses |
$ |
9,733,880 |
|
|
$ |
14,684,686 |
|
|