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Current Liabilities
3 Months Ended
Mar. 31, 2024
Current Liabilities Disclosure [Abstract]  
Current Liabilities

6. Current Liabilities

The components of Accounts payable and accrued liabilities were as follows:

 

 

 

March 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

 

 

(Unaudited)

 

 

 

 

Accounts payable

 

$

36,341,674

 

 

$

38,600,461

 

Accrued taxes

 

 

555,250

 

 

 

484,854

 

Employee compensation

 

 

2,215,418

 

 

 

1,478,826

 

Operating lease liabilities - current portion

 

 

479,482

 

 

 

493,928

 

Miscellaneous

 

 

259,837

 

 

 

238,097

 

 

 

$

39,851,661

 

 

$

41,296,166

 

 

Refer to Note 8, Leases for additional disclosure related to the operating lease liabilities.

The components of Other current liabilities were as follows:

 

 

March 31,

 

 

December 31,

 

 

 

2024

 

 

2023

 

 

 

(Unaudited)

 

 

 

 

Deferred revenue

 

$

2,017,261

 

 

$

1,509,690

 

Deferred consideration - earn-out

 

 

 

 

 

960,000

 

 

 

$

2,017,261

 

 

$

2,469,690

 

We made a $1.0 million earn-out payment in the first quarter of 2024 related to an acquisition.