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Inventories
9 Months Ended
Jun. 30, 2014
Inventories [Text Block]

4. Inventories

Inventories as of September 30, 2013 and June 30, 2014 consisted of the following:

 

  September 30, 2013     June 30, 2014  

Raw materials

$ 9,732,211   $   -  

Work-in-progress

  9,220,019     -  

Finished goods

  38,322,957     806,699  

 

$ 57,275,187   $ 806,699  

During the three months ended June 30, 2013 and 2014, obsolete inventory write-downs to lower of cost or market of $12,288,997 and $3,105,534, respectively, were charged to cost of revenues.

During the nine months ended June 30, 2013 and 2014, obsolete inventory write-downs to lower of cost or market of $38,084,761 and $8,752,543, respectively, were charged to cost of revenues.