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Other Liabilities
 12 Months Ended
Dec. 31, 2022
Other Liabilities Disclosure [Abstract]  
Other Liabilities Other Liabilities
The following table summarizes the components of current and non-current portions of Other liabilities (dollars in thousands):
Year Ended December 31,
20222021
Other liabilities, current
Accrued compensation$2,868 $2,641 
Salary continuation payments— 935 
Restricted stock units— 714 
Deferred payroll tax liability— 471 
Excise tax liability96 268 
Accrued directors’ fees36 15 
Operating lease liability11 — 
Total$3,011 $5,044 
Other liabilities, non-current
Finance lease liability$— $286 
Operating lease liability— 53 
Total$— $339 
Accrued compensation
Accrued compensation reflects amounts for pay earned but not yet due, amounts for accrued and unused vacation pay, and accrued incentive compensation.
Salary continuation payments
The Company entered into separation agreements with former executives that provide for, among other things, continuation of such former executives’ salaries and certain benefits for periods of 12-24 months from the dates of separation.
On October 6, 2021, the Company entered in a Waiver and Amendment to the Transition and Succession Agreement and Consulting Agreement with a former employee of the Company. The Waiver and Amendment amends the Transition and Succession Agreement and the Consulting Agreement between the Company and the former employee, dated July 1, 2020. The Waiver and Amendment terminated the remaining unpaid cash payments to the former employee pursuant to the Transition and Succession Agreement and Consulting Agreement in the aggregate amount of $0.7 million, in exchange for the issuance of an aggregate of up to 275,000 shares of the Company’s common stock, of which 137,500 shares of common stock were issued on October 8, 2021 and 137,500 shares of common stock were issued on June 30, 2022. See Note 14 – Stockholders’ Equity for additional details.
Deferred payroll tax liability
Under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”), the Company previously deferred payment of certain employer payroll taxes. As of December 31, 2022, the Company had repaid all previously deferred amounts.
Excise tax liability
A gold and silver excise tax applied to gross sales proceeds became effective for the Company on July 1, 2021 following the passing of Assembly Bill 495 at the Nevada Legislative Session ended on May 31, 2021. This gold and silver excise tax is a tiered tax, with a highest rate of 1.1% and the first payment was made on April 1, 2022.
The bill does not take into consideration expenses or costs incurred to generate gross proceeds. Therefore, this tax is treated as a gross receipts tax and not as a tax based on income. As a result, the gold and silver excise tax has been reported as a component of Cost of sales and not as income tax expense. As of December 31, 2022, the Company has accrued $0.1 million related to the annual excise tax.