Current report filing

Accrued Expenses and Other Current Liabilities

v3.8.0.1
Accrued Expenses and Other Current Liabilities
3 Months Ended
Mar. 31, 2017
Payables and Accruals [Abstract]  
Accrued Expenses and Other Current Liabilities
Accrued Expenses and Other Current Liabilities
Accrued expense and other current liabilities included the following:
 
 
March 31,
 
December 31,
 
 
2017
 
2016
Accrued compensation, benefits and related taxes
 
$
2,812,176

 
$
2,432,093

Financed insurance premiums
 
3,022,422

 
3,293,859

State and local taxes payable
 
319,868

 
319,597

Insurance reserves
 
1,173,705

 
971,351

Other
 
1,720,957

 
1,529,298

Total
 
$
9,049,128

 
$
8,546,198



Financed insurance premiums are due in monthly installments, bear interest at rates ranging from 1.79% to 5.00%, are unsecured, and mature within the twelve month period following the close of the year.