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Accrued Expenses | 12 Months Ended
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Dec. 31, 2021
Payables and Accruals [Abstract] |
Accrued Expenses | NOTE I – ACCRUED EXPENSES Accrued expenses consist of the following:
|  | 2021 |  |  | 2020 |
Compensation and incentives |  | $ | 1,655,761 |  |  | $ | 1,136,754 |
Professional services |  |  | 1,475,522 |  |  |  | 243,995 |
Deposit |  |  | 450,000 |  |  |  | 450,000 |
Interest |  |  | 21,875,753 |  |  |  | 18,002,386 |
Accrued insurance obligations |  |  | 621,770 |  |  |  | 355,814 |
Other operating |  |  | 1,765,301 |  |  |  | 985,056 |
Total accrued expenses |  | $ | 27,844,107 |  |  | $ | 21,174,005 |
Professional fees are mainly attributable to legal fees and other professional services in support of operations and the NAFTA litigation. Compensation and incentives at December 31, 2021 includes $0.9 million accrued incentive awards for the company employees at December 31, 2020 and prior and $0.7 million additional for 2021. Payment of the incentives is subject to Board approval. Other operating at December 31, 2021 contains general expense items resulting from general operations. The primary expense in Other operating is $1.8 million for exploration permits. Accrued interest is due to several lenders per debt agreements described in NOTE H. During the quarter ended September 30, 2019, we received an earnest money deposit of $450,000 from a company controlled by Greg Stemm, our past Chairman of the Board (see NOTE J for further information). The earnest money deposit relates to a draft agreement related to potential sale of a stake of our equity in CIC. This transaction has not yet been consummated. Accrued insurance obligations for the years ended December 31, 2021 and 2020 primarily consisted of directors and officers insurance obligations.

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- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a),20,24) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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