Annual report pursuant to Section 13 and 15(d)

Accrued Expenses

v3.20.4
Accrued Expenses
12 Months Ended
Dec. 31, 2020
Accrued Expenses  
Accrued Expenses

Note 7 – Accrued Expenses

Accrued expenses consist of the following (in thousands):

 

 

 

 

 

 

 

 

 

December 31, 

 

December 31, 

 

 

2020

 

2019

Payroll and related(1)

 

$

4,860

 

$

4,519

Accrued lease exit costs(2)

 

 

4,144

 

 

1,411

Variable rent

 

 

1,883

 

 

545

VAT and sales taxes

 

 

1,119

 

 

1,488

Legal, professional and other services

 

 

462

 

 

1,103

Interest

 

 

474

 

 

 2

Income taxes and related

 

 

 —

 

 

547

Insurance

 

 

330

 

 

100

Other

 

 

2,412

 

 

1,483

Total

 

$

15,684

 

$

11,198

 

(1)

Payroll and related includes $2.6 million in employer payroll taxes for which payment has been deferred under the CARES Act.

(2)

Amount relates to lease exit costs for restaurants never built and still under dispute with landlords.