XML 92 R26.htm IDEA: XBRL DOCUMENT

Principal Activities, Basis of Presentation and Organization (Tables)

9 Months Ended

Jun. 30, 2014

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

		Carrying amount
Cash and cash equivalents	$	4,163,555
Pledged deposits		119,382
Bill and trade accounts receivable, net		63,539,165
Inventories		39,941,073
Prepayments and other receivables		25,975,982
Property, plant and equipment, net		165,242,359
Prepaid land use rights, net		21,950,651
Intangible assets, net		583,662
Short-term bank loans		(63,181,988	)
Accounts and bills payable		(100,364,485	)
Accrued expenses and other payables		(39,278,719	)
Other short term loans		(38,906,793	)
Payable to the Company (Note)		(11,511,694	)
Deferred revenue		(7,215,622	)
Other long-term payables		(23,834,320	)
Rental deposits		(1,144,121	)
Deferred tax liabilities		(769,357	)
Net assets of BAK International and subsidiaries upon disposal		35,308,730
Consideration received in the form of :
Offset against loans from Mr. Wang		(83,812,839	)
Waiver of interest accruing up to June 30, 2014		(8,262,566	)
Net of stamp duty		(84,677	)
		(56,851,352	)
Impairment on receivable from the Disposal Group (note)		11,072,885
Gain on disposal of subsidiaries	$	(45,778,467	)

Schedule of assets and liabilities of discontinued operations of the property leasing and management business reported in the condensed consolidated balance sheets [Table Text Block]

		September 30, 2013

Prepayments and other receivables	$	37,239
Prepaid land use right, current portion		28,524
Current assets of discontinued operations	$	65,763
Noncurrent assets
Property, plant and equipment, net	$	41,914,724
Prepaid land use right, non current		1,200,277
Noncurrent assets of discontinued operations	$	43,115,001

Noncurrent liabilities of discontinued operations - Rental deposits from tenants	$	(715,398	)

Schedule of discontinued operations in relation to the property leasing and management business reported in the condensed consolidated statements of operations and comprehensive loss [Table Text Block]

		Three months ended			Nine months ended
		June 30, 2014			June 30, 2014
Net revenues	$	1,459,719		$	4,069,146
Cost of revenues		(301,935	)		(919,470	)
		1,157,784			3,149,676
Gain on disposal of subsidiaries		45,778,467			45,778,467
Income from discontinued operations	$	46,936,251		$	48,928,143

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References+ Details