Accrued Liabilities and Other

As of March 31, 2017 and June 30, 2016, our other current liabilities consisted of the following:



	March 31, 2017		June 30, 2016
Accrued incentive and other compensation	$	389,746	$	999,172
Asset retirement obligations due within one year	—		201,896
Accrued royalties, including suspended accounts	41,640		49,580
Accrued franchise taxes	114,651		62,834
Accrued restructuring costs	103,174		419,488
Payables for settled derivatives	—		318,708
Other accrued liabilities	44,840		46,273
Accrued liabilities and other	$	694,051	$	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 March 31, 2017 is as follows:



	December 31, 2015		Payments (1)			March 31, 2017
Salary expense	$	530,387	$	(441,989	)	$	88,398
Payroll taxes and benefits expense	98,479		(83,703		)	14,776
Accrued liability for restructuring costs	$	628,866	$	(525,692	)	$	103,174

(1) During the nine months ended March 31, 2017, we paid $265,193 of salary continuation and $51,121 of related payroll taxes and benefits.