Note 11 - Accounts Payable and Other Accrued Expenses

12 Months Ended

Sep. 30, 2020

Notes to Financial Statements

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

NOTE

11.

ACCOUNTS PAYABLE AND OTHER ACCRUED EXPENSES

Accounts payable and other accrued expenses as of

September 30, 2020

and

2019

, respectively, consist of the following:

	September 30,
	2020		2019
Legal	$	1,068,000	$	900,000
Audit		318,000		239,000
Telecommunications		74,000		125,000
Data Services		467,000		296,000
Regulatory		2,176,000		292,000
Settlements		920,000		1,817,000
Deferred rent		—		772,000
Other		4,633,000		4,202,000
Total	$	9,656,000	$	8,643,000

At

September 30, 2020

, other primarily consists of

$151,000

for investment banking deal expense accruals,

$1,291,000

for soft dollar accruals,

$130,000

for tax return preparation fees,

$312,000

for finance obligation of the implementation costs of the general ledger system and

$493,000

for commercial rent tax. At

September 30, 2019

, other primarily consists of

$319,000

for investment banking deal expense accruals,

$1,188,000

for soft dollar accruals,

$119,000

for tax return preparation fees,

$595,000

for finance obligation of the annual subscription fee and implementation costs of the new general ledger system,

$380,000

for fixed assets acquired but

not

paid,

$396,000

for rent and

$228,000

for clearing fees.

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

$650,000.

The related asset is included in other assets in the consolidated statements of financial condition.