Note
6. Accrued Expenses
Accrued
compensation and related costs consist of the following as of:
Schedule of Accrued Compensation and Related Costs
| |
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:
Schedule of Accrued Expenses and Other Current Liabilities
| |
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)
|