|
Note 4 – Accrued Expenses
Accrued expenses consist of the following (in thousands):
|
|
|
|
|
|
|
|
|
December 31, |
|
December 31, |
|
|
2021 |
|
2020 |
Payroll and related (1) |
|
$ |
6,554 |
|
$ |
4,860 |
Accrued lease exit costs (2) |
|
|
4,913 |
|
|
4,144 |
VAT and sales taxes |
|
|
3,477 |
|
|
1,119 |
Variable rent |
|
|
1,847 |
|
|
1,883 |
Insurance |
|
|
642 |
|
|
330 |
Legal, professional and other services |
|
|
458 |
|
|
301 |
Construction on new restaurants |
|
|
359 |
|
|
— |
Interest |
|
|
132 |
|
|
474 |
Other |
|
|
4,773 |
|
|
2,573 |
Total |
|
$ |
23,155 |
|
$ |
15,684 |
| (1) |
Payroll and related includes $1.2 million and $2.6 million in employer payroll taxes for which payment has been deferred under the CARES Act as of December 31, 2021 and 2020, respectively.
|
| (2) |
Amount relates to lease exit costs for 2016 leases for restaurants never built and still under dispute with landlords. |
|