Annual report pursuant to Section 13 and 15(d)

Other long term liabilities

v3.21.1
Other long term liabilities
12 Months Ended
Dec. 31, 2020
Payables and Accruals [Abstract]  
Other long term liabilities

14. Other Long-term Liabilities

 

Other long-term liabilities represent the following:

 

· Italian “Trattamento di Fine Rapporto” which is a severance amount set up by Italian companies to be paid to employees on termination or retirement;
· Shop deposits that are held by Ulisse.

 

Balances of other long-term liabilities were as follows:

   

December 31,

2020

 

December 31,

2019

Severance liability   $ 297,120     $ 211,734  
Customer deposit balance     366,947       407,810  
Total other long term liabilities   $ 664,067     $ 619,544