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. 31, 2017

Payables and Accruals [Abstract]

Accrued Expenses

Accrued Expenses

Accrued expenses consist of the following:



	2017				2016
Indemnified legal judgment (See Note 13)	$	—			$	11,000,000
Salaries, wages, and commissions	3,219,190				2,133,814
Taxes, other than income taxes	921,476				479,489
Current portion of earn-out liability	1,663,751				—
Advances from customers	184,874				571,738
Insurance	372,000				209,000
Professional fees	343,706				40,073
Warranty reserve	37,771				180,000
Benefit plans	208,717				159,253
Insurance financing liability	224,961				167,724
Customer rebate liability	439,912				157,445
Current portion, environmental reserves	549,000				184,887
Current portion, deferred gain sale-leaseback	334,273				334,273
Other accrued items	493,823				333,091
Total accrued expenses	$	8,993,454			$	15,950,787