The ONE Group Hospitality, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Accrued Expenses

Accrued Expenses

3 Months Ended

Mar. 31, 2023

Accrued Expenses

Accrued Expenses

Note 4 – Accrued Expenses

Accrued expenses consist of the following (in thousands):


		March 31,			December 31,
		2023			2022
Payroll and related		$	4,356		$	5,249
VAT and sales taxes			3,899			4,118
Amounts due to landlords			2,018			2,949
Construction on new restaurants			980			1,903
Legal, professional and other services			601			626
Income taxes and related			258			156
Insurance			432			742
Interest			260			268
Other ⁽¹⁾			5,758			6,398
Total		$	18,562		$	22,409

(1)	Amount primarily relates to recurring restaurant operating expenses.