Annual report pursuant to Section 13 and 15(d)

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

12 Months Ended

Sep. 30, 2015

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.