Annual report pursuant to Section 13 and 15(d)

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

v3.3.1.900
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)
12 Months Ended
Sep. 30, 2015
Payables and Accruals [Abstract]  
Schedule Of Accrued Expenses And Other Current Liabilities [Table Text Block]
As of September 30, 2015 and 2014, Accrued Expenses and Other Current Liabilities were comprised of the following:
 
 
 
September 30,
 
 
 
2015
 
2014
 
Accrued note interest payable
 
$
2,030,745
 
$
1,368,134
 
Accrued dividends payable
 
 
431,243
 
 
625,417
 
Accrued work-in-process
 
 
-
 
 
227,369
 
Accrued compensation expense [1]
 
 
1,731,385
 
 
131,596
 
Other accrued expense [2]
 
 
458,173
 
 
21,087
 
Total
 
 
4,651,546
 
 
2,373,603
 
Less: current portion
 
 
(2,965,290)
 
 
(1,219,849)
 
Accrued expenses, non-current
 
$
1,686,256
 
$
1,153,754
 
 
[1] Accrued compensation expense includes $1,512,415 of unpaid payroll taxes related to the second, third and fourth quarters of fiscal 2015. 
 
[2] Other accrued expense at September 30, 2015 includes approximately $300,000 of estimated penalties and interest associated with the unpaid payroll taxes.