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. 28, 2013

Payables and Accruals [Abstract]

Accrued Expenses

Accrued Expenses

Accrued expenses consist of the following:



	2013				2012
Salaries, wages and commissions	$	1,265,178			$	3,275,685
Current portion of contingent consideration	2,500,000				2,500,000
Advances from customers	1,826,510				2,015,246
Insurance	1,229,440				1,008,434
Taxes, other than income taxes	836,640				1,600,762
Benefit plans	530,603				260,810
Interest	31,015				482,503
Professional fees	302,304				259,933
Interest rate swap liability	80,498				450,248
Current portion of deferred compensation	51,000				71,000
Other accrued items	858,340				158,878
Total accrued expenses	$	9,511,528			$	12,083,499