ACCOUNTS PAYABLE AND ACCRUED EXPENSES

3 Months Ended

Dec. 31, 2018

Payables and Accruals [Abstract]

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses as of December 31, 2018 and September 30, 2018 consist of the following:

	December 31, 2018		September 30, 2018
Legal	$	548,000	$	448,000
Audit	319,000		411,000
Telecommunications	275,000		240,000
Data services	321,000		370,000
Regulatory	225,000		335,000
Settlements	1,095,000		825,000
Contingent consideration payable	705,000		744,000
Deferred rent	712,000		670,000
Other	3,907,000		3,976,000
Total	$	8,107,000	$	8,019,000

Other primarily consists of $739,000 for restitution payment accrual related to 12b-1 trailing fees, $1,001,000 for soft dollar accruals, $201,000 for sales and use tax accrual and $308,000 for the financial obligation of the annual subscription fee of the new general ledger system at December 31, 2018. Other primarily consists of $739,000 for restitution payment accrual related to 12b-1 trailing fees, $704,000 for soft dollar accruals, $187,000 for investment banking deal expense accruals and $189,000 for sales and use tax accrual at September 30, 2018.

In December 2018, the Company entered into an agreement for 12 months to finance the annual subscription fee of the new general ledger system in the amount of $308,000. The related asset is included within other assets in the condensed consolidated statements of financial condition.