Annual report pursuant to Section 13 and 15(d)

Accrued Expenses

Accrued Expenses

12 Months Ended

Dec. 31, 2019

Payables and Accruals [Abstract]

Accrued Expenses

NOTE 11

ACCRUED EXPENSES

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

	2019		2018
Salaries and employee benefits	$	3,908	$	3,228
Accrued sales, property and other tax		793		404
Interest payable		17		7
Insurance payable		935		710
Other		465		665
Total accrued expenses	$	6,118	$	5,014

Each of our executives has an individual Management Incentive Plan (“MIP”) for fiscal years 2019 and 2018 which provides for the potential payment of performance compensation (see “Note 16 – Related Party Transactions – MIPs” for further discussion of the MIPs). The Company accrued an aggregate of approximately $270,700 in compensation expenses for the three MIPs in 2019 for the Company’s 2019 three named executive officers (“NEOs”) (Mr. Mark Duff, Mr. Ben Naccarato, and Mr. Louis Centofanti. No performance compensation payments were earned under any of the MIPs for 2018 for the NEOs.