|
Note 4 – Accrued Expenses
Accrued expenses consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
June 30, |
|
December 31, |
|
|
2021 |
|
2020 |
Payroll and related (1)(2) |
|
$ |
9,373 |
|
$ |
4,860 |
Accrued lease exit costs (3) |
|
|
4,144 |
|
|
4,144 |
VAT and sales taxes |
|
|
2,063 |
|
|
1,119 |
Amounts due to landlords |
|
|
1,601 |
|
|
1,883 |
Insurance |
|
|
707 |
|
|
330 |
Interest |
|
|
497 |
|
|
474 |
Legal, professional and other services |
|
|
464 |
|
|
301 |
Income taxes and related |
|
|
463 |
|
|
— |
Construction on new restaurants |
|
|
417 |
|
|
— |
Other |
|
|
4,039 |
|
|
2,573 |
Total |
|
$ |
23,768 |
|
$ |
15,684 |
| (1) |
Payroll and related includes $2.6 million in employer payroll taxes at June 30, 2021 and December 31, 2020 for which payment has been deferred under the CARES Act.
|
| (2) |
Payroll and related includes $2.1 million in employee payroll taxes associated with stock option exercises at June 30, 2021 for which the Company expects to remit payment to the respective jurisdiction in the third quarter of 2021.
|
| (3) |
Amount relates to lease exit costs for restaurants never built and still under dispute with landlords. |
|