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

Annual report pursuant to Section 13 and 15(d)

Note 6 - Accrued Expense

Note 6 - Accrued Expense

12 Months Ended

Dec. 31, 2023

Notes to Financial Statements

Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]

Note 6 — Accrued Expenses

Accrued expenses consisted of the following:

		December 31,
		2023				2022
Accrued compensation		$	185,494			$	70,261
Accrued Board fees			62,500				62,500
Accrued professional fees			79,156				53,300
Accrued licensing fees			100,000				50,000
Accrued taxes			—				—
Other			27,962				18,157
		$	455,112			$	254,218