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Accrued Expenses
9 Months Ended
Sep. 30, 2024
Payables and Accruals [Abstract]  
Accrued Expenses

Note 6. Accrued Expenses

 

Accrued compensation and related costs consist of the following as of:

  

   September 30, 2024   December 31, 2023 
Salaries and wages payable   333,934    457,565 
Employee benefits payable   17,444    54,811 
Accrued paid time off (PTO)   337,517    361,418 
Profit sharing payable   1,217,407    1,347,622 
           
Total accrued compensation and related costs   1,906,302    2,221,416 

 

Accrued expenses and other current liabilities consisted of the following as of:

  

   September 30, 2024   December 31, 2023 
Manufacturer’s warranties   295,000    354,000 
Taxes payable   87,981   $3,411,669 
Miscellaneous payable   325,971    204,890 
           
Total accrued expenses and other current liabilities   708,952    3,970,559 

 

 

VIRTRA, INC.

NOTES TO FINANCIAL STATEMENTS

(Unaudited)