| Accrued Expenses |
Accrued Expenses
Accrued expenses consist of the following:
|
|
|
|
|
|
|
|
|
|
2016 |
|
2015 |
Indemnified legal judgment (See Note 13) |
$ |
11,000,000 |
|
|
$ |
— |
|
Salaries, wages and commissions |
2,133,814 |
|
|
1,941,547 |
|
Facility closing reserves |
— |
|
|
3,000,000 |
|
Taxes, other than income taxes |
479,870 |
|
|
744,880 |
|
Current portion of pension liability from the closure of Bristol Fab |
— |
|
|
643,802 |
|
Advances from customers |
571,738 |
|
|
637,597 |
|
Insurance |
209,000 |
|
|
629,625 |
|
Professional fees |
40,073 |
|
|
531,694 |
|
EPA liability |
— |
|
|
368,690 |
|
Warranty reserve |
180,000 |
|
|
254,516 |
|
Interest rate swap liability |
— |
|
|
246,145 |
|
Benefit plans |
159,253 |
|
|
181,694 |
|
Customer rebate liability |
157,445 |
|
|
157,988 |
|
Current portion, environmental reserves |
184,887 |
|
|
101,000 |
|
Current portion, deferred gain sale-leaseback |
334,273 |
|
|
— |
|
Other accrued items |
637,081 |
|
|
553,690 |
|
Total accrued expenses |
$ |
16,087,434 |
|
|
$ |
9,992,868 |
|
|