Prepaid and Other Expenses

9 Months Ended

Jun. 30, 2014

Notes to Financial Statements

(10) Prepaid and Other Expenses

The carrying amounts reported in the balance sheets for prepaid expenses and other current assets approximate their fair market value based on the short-term maturity of these instruments. As of June 30, 2014 and September 30, 2013, the outstanding balance of prepaid and other expenses was $3,365,497 and $1,783,805, respectively.  The $3,365,497 is comprised primarily of a $1,488,778 bond posted as a requirement for doing business in Latin America which was repatriated subsequent to June 30, 2014 (see footnote 24), a deposit of $517,867 paid to a vendor and a $1.16 million prepayment on a monitoring center.