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Pledged Deposits
3 Months Ended
Dec. 31, 2013
Pledged Deposits [Text Block]

2. Pledged Deposits

Pledged deposits as of September 30, 2013 and December 31, 2013 consisted of the following:

    September 30,     December 31,  

                                                                      

  2013     2013  

Pledged deposits with banks for:

           

 Advances from an unrelated third party (Note 10(b))

$ 2,450,540   $ 2,477,701  

 Short-term bank loans (Note 9)

  -     10,571,522  

 Bills payable

  5,687,147     12,452,430  

 

$ 8,137,687   $ 25,501,653