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

Annual report pursuant to Section 13 and 15(d)

Accrued Expenses

Accrued Expenses

12 Months Ended

Dec. 31, 2023

Accrued Expenses

Accrued Expenses

Note 4 – Accrued Expenses

Accrued expenses consist of the following (in thousands):


		December 31,			December 31,
		2023			2022
New restaurant construction		$	6,318		$	1,903
Payroll and related			5,655			5,249
VAT and sales taxes			4,238			4,118
Amounts due to landlords			2,753			2,949
Interest			2,396			268
Legal, professional and other services			1,364			626
Insurance			545			742
Income taxes and related			30			156
Other ⁽¹⁾			5,034			6,398
Total		$	28,333		$	22,409

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