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

3 Months Ended

Dec. 31, 2013

SCHEDULE OF INCOME TAXES [Table Text Block]

		Three months ended December 31,
		2012			2013
Income tax:
Current	$	32,006		$	16,474
Deferred		-			-
	$	32,006		$	16,474

SCHEDULE OF INCOME TAX RECONCILIATION [Table Text Block]

		Three months ended December 31,
		2012			2013
Loss before income taxes	$	(28,133,743	)	$	(5,265,568	)
United States federal corporate income tax rate		35%			35%
Income tax credit computed at United States statutory corporate income tax rate		(9,846,810	)		(1,842,949	)
Reconciling items:
Valuation allowance on deferred tax assets		608			944,724
Loss not recognized as deferred tax assets		3,650,361			-
Rate differential for PRC earnings		5,335,367			496,558
Non-deductible expenses		636,970			402,733
Share based payments		42,366			15,408
Under-provision in prior years		213,144			-
Provision for income taxes	$	32,006		$	16,474

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

		September 30,			December 31,
		2013			2013
Deferred tax assets
Short-term
Trade accounts receivable	$	5,530,324		$	4,987,951
Inventories		5,365,802			5,589,784
Accrued expenses and other payables		865,002			947,869
Valuation allowance		(11,761,128	)		(11,525,604	)
Short-term deferred tax assets		-			-
Long-term
Property, plant and equipment		17,826,415			17,689,741
Net operating loss carried forward		26,833,658			28,180,049
Valuation allowance		(44,660,073	)		(45,869,790	)
Long-term deferred tax assets		-			-
Total net deferred tax assets	$	-		$	-
Deferred tax liabilities:
Long-term
Property, plant and equipment	$	(779,814	)	$	(788,458	)
Net deferred tax liabilities	$	(779,814	)	$	(788,458	)

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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