Note
7. Accrued Expenses
Accrued
compensation and related costs consist of the following as of:
Schedule of Accrued Compensation and Related Costs
| | |
March
31, 2026 | | |
December
31, 2025 | |
| Salaries and wages payable | |
$ | 252,749 | | |
$ | 122,529 | |
| Employee benefits payable | |
| 22,812 | | |
| 43,608 | |
| Accrued paid time off (PTO) | |
| 292,348 | | |
| 295,293 | |
| Profit sharing payable | |
| - | | |
| - | |
| | |
| | | |
| | |
| Total accrued compensation
and related costs | |
$ | 567,909 | | |
$ | 461,430 | |
Accrued
expenses and other current liabilities consisted of the following as of:
Schedule of Accrued Expenses and Other Current Liabilities
| | |
March
31, 2026 | | |
December
31, 2025 | |
| Manufacturer’s warranties | |
$ | 158,000 | | |
$ | 189,000 | |
| Taxes payable | |
| 876,236 | | |
$ | 788,116 | |
| Miscellaneous payable | |
| 183,354 | | |
| 219,449 | |
| | |
| | | |
| | |
| Total accrued expenses
and other current liabilities | |
$ | 1,217,590 | | |
$ | 1,196,565 | |
VIRTRA,
INC.
NOTES
TO FINANCIAL STATEMENTS
(Unaudited)
|