Accrued Expenses

3 Months Ended

Mar. 31, 2024

Payables and Accruals [Abstract]

Accrued Expenses

Accrued Expenses

Accrued expenses consisted of the following:

	March 31, 2024		December 31, 2023
Accrued compensation	$	1,731	$	4,202
Real estate and personal property taxes	433		337
Accrued distribution expenses and sales returns provision	640		645
Interest payable	1,536		1,013
Other	297		300
Total accrued expenses	$	4,637	$	6,497

The reduction in Accrued compensation is mostly related to payments of accrued bonus during the three months ended March 31, 2024.

The increase in Interest payable is mostly due to the interest incurred on 13.5% Senior Notes. The 13.5% Senior Notes were issued on November 1, 2023 thus accruing only two months of interest as of December 31, 2023 while earning three months of interest as of March 31, 2024. Payments were due on January 2, 2024 and April 1, 2024, respectively. See Note 13, Long-Term Debt , for discussion of 13.5% Notes and related interest payable.

Accrued distribution expenses and sales returns provision represent estimated liabilities for returns and other expenses related to the proprietary product, Sympazan, prior to outlicensing to Assertio in October 2022.