Quarterly report pursuant to Section 13 or 15(d)

12. Other Long-term Liabilities

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12. Other Long-term Liabilities
6 Months Ended
Jun. 30, 2023
Payables and Accruals [Abstract]  
12. Other Long-term Liabilities

12. Other Long-term Liabilities

 

Other long-term liabilities represent the Italian “Trattamento di Fine Rapporto” which is a severance amount set up by Italian companies to be paid to employees on termination or retirement.

 

Balances of other long-term liabilities were as follows:

   

June 30,

2023

 

December 31,

2022

Severance liability   $ 756,807     $ 464,851