Accrued interest

12 Months Ended

Sep. 30, 2013

14. Accrued interest:

Interest accrued on the Company's outstanding debt is listed in the table below. As of the Effective Date, all interest obligations listed for the Predecessor Company in the table below (excluding the $1,000 due under the Minnesota Promissory Notes, the terms of which were affirmed under the Plan (Note 13)), have been extinguished in return for Reorganized Biovest Common Stock. See Note 3 for further information regarding the Plan and the Company's capital structure upon Effective Date of the Plan.

	Successor		Predecessor
	September 30, 2013		September 30, 2012
Corps Real Note	$	-	$	358,000
Exit Financing		-		7,000
Laurus/Valens Term A Notes		-		3,518,000
Laurus/Valens Term B Notes		-		624,000
March 2014 Obligations		-		437,000
Minnesota Promissory Notes		1,000		1,000
Total accrued interest	$	1,000	$	4,945,000

Current (a)	$	1,000	$	4,508,000
Non-Current	$	-	$	437,000

(a)

The current portion of accrued interest has been recorded in accrued liabilities on the accompanying consolidated balance sheets.

BIOVEST INTERNATIONAL INC 10-K