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Segment Information
 3 Months Ended
Dec. 31, 2013
Segment Information [Text Block]

19. Segment Information

The Company used to engage in one business segment, the manufacture, commercialization and distribution of a wide variety of standard and customized lithium ion rechargeable batteries for use in a wide array of applications. The Company manufactured five types of Li-ion rechargeable batteries: aluminum-case cell, battery pack, cylindrical cell, lithium polymer cell and high-power lithium battery cell. The Company's products are sold to packing plants operated by third parties primarily for use in mobile phones and other electronic devices. Starting from the three months ended December 31, 2013, the Company is also engaged in the business segment of property lease and management. Net revenues for the three months ended December 31, 2012 and 2013 were as follows:

 

   Three Months Ended  

 

   December 31,  

 

   2012     2013  

Revenues

           

   Manufacture of lithium ion rechargeable batteries

 $ 63,732,361   $ 41,205,646  

   Property lease and management

   -     1,164,831  

Total

 $ 63,732,361   $ 42,370,477  

Depreciation

           

   Manufacture of lithium ion rechargeable batteries

 $ 4,917,770   $ 2,259,683  

   Property lease and management

   -     309,021  

Total

 $ 4,917,770   $ 2,568,704  

Prepaid land use right amortization

           

   Manufacture of lithium ion rechargeable batteries

 $ 185,935   $ 134,723  

   Property lease and management

   -     -  

Total

 $ 185,935   $ 134,723  

Intangible assets amortization

           

   Manufacture of lithium ion rechargeable batteries

 $ 32,668   $ 48,782  

   Property lease and management

   -     -  

Total

 $ 32,668   $ 48,782  

Interest expense, net of amounts capitalized:

           

   Manufacture of lithium ion rechargeable batteries

 $ 2,472,173   $ 4,057,256  

   Property lease and management

   -     -  

Total

 $ 2,472,173   $ 4,507,256  

Net income (loss):

           

   Manufacture of lithium ion rechargeable batteries

 $ (28,165,749 ) $ (6,137,852 )

   Property lease and management

   -     855,810  

 

 $ (28,165,749 ) $ (5,282,042 )

Expenditures for identifiable long-lived tangible assets

           

   Manufacture of lithium ion rechargeable batteries

 $ 10,562,356   $ 177,076  

   Property lease and management

   -     3,226,332  

Total

 $ 10,562,356   $ 3,403,408  
             

Total assets

           

   Manufacture of lithium ion rechargeable batteries

 $ 307,849,307   $ 297,115,520  

   Property lease and management

   32,755,873     46,256,916  

Total

 $ 340,605,180   $ 343,372,436