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

Accrued Expenses

12 Months Ended

Dec. 31, 2021

Note 5 — Accrued Expenses

Accrued expenses consisted of the following:


	December 31,
	2021		2020
Accrued professional fees	$	44,000	$	32,500
Accrued compensation		147,756		191,556
Accrued licensing fees		50,000		60,000
Accrued Board fees		30,000		45,000
Accrued taxes		75,200		—
Accrued semiconductor fabrication costs		—		92,600
Other		6,551		53,831
	$	353,507	$	475,487