Transition report pursuant to Rule 13a-10 or 15d-10

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

v3.3.1.900
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)
3 Months Ended
Dec. 31, 2015
Payables and Accruals [Abstract]  
Schedule Of Accrued Expenses And Other Current Liabilities [Table Text Block]
As of December 31, 2015 and September 30, 2015, Accrued Expenses and Other Current Liabilities were comprised of the following:
 
 
 
December 31,
 
September 30,
 
 
 
2015
 
2015
 
Accrued interest payable[1]
 
$
817,452
 
$
2,030,745
 
Accrued dividends payable
 
 
451,133
 
 
431,243
 
Accrued compensation expense[2]
 
 
2,015,277
 
 
1,731,385
 
Other accrued expense
 
 
295,083
 
 
458,173
 
Total
 
 
3,578,945
 
 
4,651,546
 
Less: non-current portion
 
 
-
 
 
(1,686,256)
 
Accrued expenses, current
 
$
3,578,945
 
$
2,965,290
 
 
[1]
Accrued interest payable includes approximately $300,000  of estimated penalties and interest associated with the unpaid payroll taxes as of December 31, 2015, and September 30, 2015 respectively.
 
[2]
Accrued compensation expense includes $1,863,031 and $1,512,415 of unpaid payroll taxes related for the period ended December 31, 2015 and September 30, 2015, respectively.