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Accrued Expenses and Other Current Liabilities | 9 Months Ended
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Sep. 30, 2021
Payables And Accruals [Abstract] |
Accrued Expenses and Other Current Liabilities | Note 9. Accrued Expenses and Other Current Liabilities Accrued expenses as of September 30, 2021 and December 31, 2020 consisted of the following:
|  | September 30, 2021 |  |  | December 31, 2020 |
Accrued professional fees |  | $ | 166,050 |  |  | $ | 270,543 |
Accrued bonuses |  |  | 1,400,403 |  |  |  | 1,424,878 |
Accrued insurance expense |  |  | 873,592 |  |  |  | 164,832 |
Other employee related expenses |  |  | 425,067 |  |  |  | 371,033 |
Accrued state taxes |  |  | 548,705 |  |  |  | — |
Lease settlement liability |  |  | 320,000 |  |  |  | — |
Other |  |  | 696,026 |  |  |  | 734,416 |
|  | $ | 4,429,843 |  |  | $ | 2,965,702 |
Finance and Security Agreements On July 2, 2021, the Company entered into a Commercial Insurance Premium Finance and Security Agreement ("the Agreement"). The 2021 Agreement provides for a single borrowing by the Company of $1.2 million, with a ten-month term and an annual interest rate of 1.55%. The proceeds from this transaction were used to partially fund the premiums due under certain of the Company's insurance policies. The amounts payable are secured by the Company's rights under such policies. The Company began to pay monthly installments of approximately $124,800 in July 2021. As of September 30, 2021, the remaining balance under the Agreement is $873,592 and during the three and nine months ended September 30, 2021, the Company recognized $2,646 in interest expense. On July 1, 2020, the Company entered into a Commercial Insurance Premium Finance and Security Agreement (“the 2020 Agreement”). The 2020 Agreement provided for a single borrowing by the Company of $1.2 million, with a seven-month term and an annual interest rate of 2.18%. The proceeds from this transaction were used to partially fund the premiums due under certain of the Company’s insurance policies. All borrowings related to the 2020 Agreement were fully repaid as of September 30, 2021.

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- Definition The entire disclosure for accounts payable, accrued expenses, and other liabilities that are classified as current at the end of the reporting period. + References No definition available. + Details
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