v3.26.1
ACCRUED EXPENSES
 3 Months Ended
Mar. 31, 2026
Payables and Accruals [Abstract]  
ACCRUED EXPENSES

Note 8 ACCRUED EXPENSES

 

At March 31, 2026 and December 31, 2025, accrued expenses consisted of the following:

 

   March 31,   December 31, 
   2026   2025 
Accrued payroll and related liabilities  $8,153,390   $7,679,131 
Accrued severance   2,174,035    2,174,035 
Accrued interest   312,433    296,371 
Medicare cost report settlement payables   710,120    690,474 
Patient and third-party liabilities   842,337    624,222 
Other accrued expenses   594,917    438,150 
Accrued expenses  $12,787,232   $11,902,383 

 

Included in the accrued payroll and related liabilities presented in the table above was approximately $7.3 million and $6.6 million at March 31, 2026 and December 31, 2025, respectively, for past due payroll taxes and associated penalties and interest.

 

In addition to the current portion of the Medicare cost report settlement payables of $710,120 and $690,474 presented in the table above at March 31, 2026 and December 31, 2025, respectively, there were long-term Medicare cost report settlement payables of $1,059,271 and $1,168,264 included on the consolidated balance sheets in total liabilities at March 31, 2026 and December 31, 2025, respectively. The total Medicare cost report settlement payables at March 31, 2026 are due as follows:

 

   Medicare Cost
Report
Settlement
Payables at
March 31,
2026		 
Twelve months ending:     
March 31, 2027  $710,120 
March 31, 2028   399,890 
March 31, 2029   376,357 
March 31, 2030   200,242 
March 31, 2031   82,782 
Thereafter   - 
Total  $1,769,391 

 

Related parties’ payables and accrued expenses are presented in Note 10.