Annual report pursuant to Section 13 and 15(d)

Accrued Expenses

v3.6.0.2
Accrued Expenses
12 Months Ended
Dec. 31, 2016
Payables and Accruals [Abstract]  
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