Accrued Liabilities and Other

As of December 31, 2016 and June 30, 2016, our other current liabilities consisted of the following:



	December 31, 2016		June 30, 2016
Accrued incentive and other compensation	$	275,260	$	999,172
Asset retirement obligations due within one year	49,050		201,896
Accrued royalties, including suspended accounts	40,870		49,580
Accrued franchise taxes	77,151		62,834
Accrued restructuring costs	212,013		419,488
Payables for settled derivatives	—		318,708
Other accrued liabilities	46,687		46,273
Accrued liabilities and other	$	701,031	$	2,097,951

Accrued Restructuring Costs

On December 31, 2015 we terminated three employees of the Company in connection with the separation of our artificial lift technology operations and recorded a $1,257,433 restructuring charge which consisted of $569,228 for the impairment of technology assets, $59,339 of stock-based compensation from accelerated vesting of terminated employees' equity awards and $628,866 of accrued salary and benefit continuation expenses. The separation agreements included releases from liabilities and other provisions including agreements not to compete.

Our current estimate of remaining restructuring obligations as of December 31, 2016 is as follows:



Type of Cost	December 31, 2015		Payments (1)			December 31, 2016
Salary expense	$	530,387	$	(353,591	)	$	176,796
Payroll taxes and benefits expense	98,479		(63,262		)	35,217
Accrued liability for restructuring costs	$	628,866	$	(416,853	)	$	212,013

(1) During the six months ended December 31, 2016, we paid $176,795 of salary continuation and $30,680 of related payroll taxes and benefits.