ACCOUNTS PAYABLE AND ACCRUED EXPENSES

6 Months Ended

Mar. 31, 2019

Accounts payable and accrued expenses as of March 31, 2019 and September 30, 2018 consist of the following:



	March 31, 2019		September 30, 2018
Legal	$	848,000	$	448,000
Audit	177,000		411,000
Telecommunications	254,000		240,000
Data services	377,000		370,000
Regulatory	410,000		335,000
Settlements	2,755,000		825,000
Contingent consideration payable	2,094,000		744,000
Deferred rent	725,000		670,000
Other	3,897,000		3,976,000
Total	$	11,537,000	$	8,019,000

At March 31, 2019, other primarily consists of $380,000 for investment banking deal expense accruals, $1,243,000 for soft dollar accruals, $213,000 for sales and use tax accrual, $130,000 for tax return preparation fees and $413,000 for the finance obligation of the annual subscription fee and implementation costs of the new general ledger system. At September 30, 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.

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 in other assets in the condensed consolidated statements of financial condition. In January 2019, the Company entered into an agreement for 36 months to finance the implementation costs of the new general ledger system in the amount of $217,000. The related asset is included in fixed assets in the condensed consolidated statements of financial condition.