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, 2024

Accrued Expenses

Accrued Expenses

Note 3 – Accrued Expenses

Accrued expenses consist of the following (in thousands):


		March 31,			December 31,
		2024			2023
Payroll and related		$	5,385		$	5,655
Interest			4,705			2,396
New restaurant construction			4,529			6,318
Legal, professional and other services			4,492			1,364
VAT and sales taxes			3,985			4,238
Amounts due to landlords			2,529			2,753
Insurance			316			545
Income taxes and related			90			30
Other⁽¹⁾			5,494			5,034
Total		$	31,525		$	28,333

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