Annual report pursuant to Section 13 and 15(d)

Accrued Expenses and Other Current Liabilities

v3.6.0.2
Accrued Expenses and Other Current Liabilities
 12 Months Ended
Dec. 31, 2016
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:
 
 
December 31,
 
 
2016
 
2015
Accrued compensation, benefits and related taxes
 
$
2,368,143

 
$
1,349,493

Financed insurance premiums
 
3,293,859

 
3,194,564

State and local taxes payable
 
319,597

 
504,658

Insurance reserves
 
971,351

 
739,775

Other
 
1,444,018

 
1,930,466

Total
 
$
8,396,968

 
$
7,718,956



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.