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

6 Months Ended

Jun. 30, 2024

Accrued Expenses

Accrued Expenses

Note 5 – Accrued Expenses

Accrued expenses consist of the following (in thousands):


		June 30,			December 31,
		2024			2023
Payroll and related		$	12,924		$	5,655
Interest			7,179			2,396
VAT and sales taxes			5,480			4,238
New restaurant construction			4,965			6,318
Amounts due to landlords			4,782			2,753
Legal, professional and other services			3,830			1,364
Insurance			1,412			545
Income taxes and related			—			30
Other⁽¹⁾			11,902			5,034
Total		$	52,474		$	28,333

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