Note 8 - Accounts Payable and Accrued Expenses

9 Months Ended

Jun. 30, 2013

Notes

Note 8 - Accounts Payable and Accrued Expenses

Note 8 – Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses as of June 30, 2013 and September 30, 2012 consisted of the following:

	June 30, 2013	September 30, 2012
Accounts payable	$   192,240	$   400,220
Accrued expenses	714,240	379,065
Total	$   906,480	$   779,285

The carrying value of accounts payable and accrued expenses approximates their fair value due to the short-term nature of these obligations.