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

Annual report pursuant to Section 13 and 15(d)

Accrued Expenses

Accrued Expenses

12 Months Ended

Dec. 31, 2022

Accrued Expenses

Accrued Expenses

Note 6 — Accrued Expenses

Accrued expenses consisted of the following:


		December 31,
		2022			2021
Accrued compensation		$	70,261		$	147,756
Accrued Board fees			62,500			30,000
Accrued professional fees			53,300			44,000
Accrued licensing fees			50,000			50,000
Accrued taxes			—			75,200
Other			18,157			6,551
		$	254,218		$	353,507