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Granite City Food & Brewery Ltd. Message Board

  • joelxyz58 joelxyz58 Oct 15, 2008 6:00 PM Flag

    Can anyone explain this payroll stuff?

    4. Accrued expenses

    Accrued expenses consisted of the following:

    June 24, 2008 December 25, 2007

    Payroll related 2,859,899 2,472,513

    I have never seen a public company so vastly in arrears on paying it employees. Does anyone have an insight on this? Why does it owe millions of dollar in payroll? Do employees love working for this company so much that they don't mind not getting paid?

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