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Income Taxes, Deferred Tax Assets and Deferred Tax Liabilities (Tables)

9 Months Ended

Jun. 30, 2013

SCHEDULE OF INCOME TAXES [Table Text Block]

		For the Three Months						For the Nine Months
		ended June 30,						ended June 30,
		2012			2013			2012			2013
PRC income tax:
Current	$	274,055		$	32,777		$	274,055		$	277,599
Deferred		581			25,228			2,122,437			5,806,678
	$	274,636		$	58,005		$	2,396,492		$	6,084,277

SCHEDULE OF INCOME TAX RECONCILIATION [Table Text Block]

		For the Three Months						For the Nine Months
		ended June 30,						ended June 30,
		2012			2013			2012			2013
Loss before income taxes	$	(27,321,424	)	$	(10,212,676	)	$	(42,647,370	)	$	(52,040,531	)
United States federal corporate income tax rate		35%			35%			35%			35%
Income tax computed at United States statutory corporate income tax rate		9,562,498			3,574,437			14,926,580			18,214,186
Reconciling items:
Rate differential for PRC earnings		(4,591,110	)		(1,720,900	)		(6,215,641	)		(9,782,790	)
Loss not recognized as deferred tax assets		(5,369,749	)		(1,857,614	)		(8,755,414	)		(8,390,716	)
Valuation allowance on deferred tax assets		(571	)		(25,228	)		(2,122,437	)		(5,806,678	)
Share based payment		(152,840	)		(27,770	)		(229,580	)		(104,205	)
Under-provision in prior year		277,136			(930	)		-			(214,074	)
Income tax expenses	$	(274,636	)	$	(58,005	)	$	(2,396,492	)	$	(6,084,277	)

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES [Table Text Block]

		September 30,			June 30,
		2012			2013
Deferred tax assets
Short-term
Trade accounts receivable	$	8,651,151		$	12,620,720
Inventories		3,104,830			5,446,517
Accrued expenses and other payables		597,130			743,729
Valuation allowance		(8,353,068	)		(18,810,966	)
Short-term deferred tax assets		4,000,043			-
Long-term
Property, plant and equipment		4,877,766			6,656,563
Net operating loss carried forward		12,271,943			20,542,225
Valuation allowance		(15,412,728	)		(27,198,788	)
Long-term deferred tax assets		1,736,981			-
Total net deferred tax assets	$	5,737,024		$	-
Deferred tax liabilities:
Long-term
Property, plant and equipment	$	(759,394	)	$	(777,769	)
Net deferred tax liabilities	$	(759,394	)	$	(777,769	)

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

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X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

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X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

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