ACCRUED PAYROLL AND EXPENSES, OTHER LONG-TERM LIABILITIES, AND CONTINGENT CONSIDERATION

6 Months Ended

Jun. 28, 2020

Accrued Liabilities, Current [Abstract]

Accrued Payroll and Expense, Other Long-Term Liabilities, And Contingent Consideration

ACCRUED PAYROLL AND EXPENSES, OTHER LONG-TERM LIABILITIES, AND CONTINGENT CONSIDERATION

Accrued payroll and expenses consist of the following at:


	June 28, 2020		December 29, 2019
Field talent payroll	$	6,511,524	$	4,505,264
Field talent payroll related	1,212,218		1,651,436
Accrued bonuses and commissions	1,716,462		1,585,681
Other	3,394,038		2,742,658
Accrued payroll and expenses	$	12,834,242	$	10,485,039

Other long-term liabilities includes $2.7 million of deferred employer FICA and $0.2 million of interest rate swap (see Note 7) at June 28, 2020. The deferred employer FICA is under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which allows relief to employers affected by the coronavirus pandemic. The CARES Act only applies to taxes incurred from March 27, 2020 through December 31, 2020. Half of the delayed payments are due by December 31, 2021, and the other half by December 31, 2022. The Company has elected to delay the payment of these taxes.

The following is a schedule of future estimated contingent consideration payments to various parties as of June 28, 2020:


	Estimated Cash Payment		Discount		Net
Due in:
Less than one year	$	1,250,000	$	(66,080)	$	1,183,920
One to two years	1,250,000		(162,747)		1,087,253




Contingent consideration	$	2,500,000	$	(228,827)	$	2,271,173