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

9 Months Ended

Sep. 30, 2023

Accrued Expenses

Accrued Expenses

Note 4 – Accrued Expenses

Accrued expenses consist of the following (in thousands):


		September 30,			December 31,
		2023			2022
Payroll and related		$	4,702		$	5,249
Construction on new restaurants			4,773			1,903
VAT and sales taxes			3,503			4,118
Amounts due to landlords			2,404			2,949
Legal, professional and other services			767			626
Insurance			462			742
Income taxes and related			637			156
Interest			777			268
Other ⁽¹⁾			6,172			6,398
Total		$	24,197		$	22,409

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