Annual report pursuant to Section 13 and 15(d)

ACCRUED EXPENSES

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ACCRUED EXPENSES
 12 Months Ended
Dec. 31, 2023
Payables and Accruals [Abstract]  
ACCRUED EXPENSES

NOTE 11

ACCRUED EXPENSES 

 

Accrued expenses include the following (in thousands) at December 31:

 

    2023     2022  
Salaries and employee benefits   $ 4,120     $ 2,629  
Accrued sales, property and other tax     477       240  
Interest payable     23       8  
Insurance payable     1,390       1,253  
Other     550       463  
Total accrued expenses   $ 6,560     $ 4,593  

 

Accrued expenses for 2023 included a total of approximately $750,000 in compensation expenses accrued under the 2023 Management Incentive Plans (“MIPs”) for our executives (See “Note 18 – Employment Agreements and MIPs” for further discussion of the 2023 MIPs) in addition to a remaining $25,000 in discretionary bonus approved by the Company’s Compensation Committee payable to the Company’s EVP of Nuclear and Technical Services.