Ideal Power Inc. Annual report pursuant to Section 13 and 15(d)

Accrued Expenses

12 Months Ended

Dec. 31, 2019

Note 7 — Accrued Expenses

Accrued expenses consisted of the following:


	December 31,
	2019		2018
Accrued professional fees	$	44,500	$	47,000
Accrued compensation		42,659		43,822
Accrued licensing fees		60,000		40,000
Accrued board of director fees		30,000		30,000
Accrued taxes		54,160		4,987
Accrued semiconductor fabrication costs		55,000		—
Accrued certification costs		30,978		—
Other		1,838		1,946
	$	319,135	$	167,755