Accrued Expenses

6 Months Ended

Jun. 30, 2024

Payables and Accruals [Abstract]

Accrued Expenses

Accrued Expenses

Accrued expenses consisted of the following:

	June 30, 2024		December 31, 2023
Accrued compensation	$	2,667	$	4,202
Real estate and personal property taxes	382		337
Accrued distribution expenses and sales returns provision	653		645
Interest payable	1,536		1,013
Other	436		300
Total accrued expenses	$	5,674	$	6,497

The reduction in Accrued compensation is mostly related to payments of accrued bonus during the six months ended June 30, 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. As of June 30, 2024 the balance represented a three month accrual. Payments were due on January 2, 2024 and July 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 mostly represent estimated liabilities for returns and other expenses related to the proprietary product Sympazan (prior to outlicensing to Assertio in October 2022).