Annual report pursuant to Section 13 and 15(d)

Accrued Expenses

v3.22.4
Accrued Expenses
12 Months Ended
Dec. 31, 2022
Payables and Accruals [Abstract]  
Accrued Expenses Accrued Expenses
Accrued expenses consisted of the following at December 31, 2022 and 2021 (dollars in thousands):

December 31, 2022 December 31, 2021
Accrued bonuses $ 4,078  $ 3,580 
Accrued paid time off 2,743  2,802 
Accrued commissions 1,726  2,748 
Principal and interest payable under the structured payable arrangement (1) 444  — 
Other accrued expenses 3,408  4,725 
Total accrued expenses $ 12,399  $ 13,855 
(1) In July 2022, the Company entered into a financing arrangement with a third-party intermediary to establish a structured payable arrangement related to the Company’s commercial insurance policy on directors and officers.