XML 100 R14.htm IDEA: XBRL DOCUMENT
v2.4.1.9

Property, Plant and Equipment, net | 12 Months Ended
--- | ---
Sep. 30, 2014
Property, Plant and Equipment, net [Text Block] |
8. | Property, Plant and Equipment, net
Property, plant and equipment as of September 30, 2013 and 2014 consisted of the following:
|  |  | 2013 |  |  | 2014 |
| Buildings | $ | 110,214,027 |  | $ | - |
| Machinery and equipment |  | 125,617,004 |  |  | - |
| Office equipment |  | 2,520,480 |  |  | 19,999 |
| Motor vehicles |  | 1,722,492 |  |  | 118,821 |
|  |  | 240,074,003 |  |  | 138,820 |
| Accumulated depreciation |  | (123,715,978 | ) |  | (14,565 | )
| Carrying amount | $ | 116,358,025 |  | $ | 124,255 |
| Construction in progress |  | 11,321,396 |  |  | 21,760,746 |
| Prepayment for acquisition of property, plant and equipment |  | 558,013 |  |  | 426,569 |
| Carrying amount | $ | 11,879,409 |  | $ | 22,187,315 |
| (i) | Depreciation expense for the years ended September 30, 2013 and 2014 is included in the consolidated statements of operations as follows:
|  |  | 2013 |  |  | 2014 |
| Cost of revenues | $ | 14,666,041 |  | $ | 4,706,625 |
| Research and development expenses |  | 470,681 |  |  | 396,926 |
| Sales and marketing expenses |  | 132,312 |  |  | 84,194 |
| General and administrative expenses |  | 3,034,542 |  |  | 2,496,549 |
|  | $ | 18,303,576 |  | $ | 7,684,294 |
| (ii) | Construction in progress
Construction in progress as of September 30, 2013 was mainly comprised of capital expenditures for the automation production line of BAK Tianjin. Construction in progress as of September 30, 2014 was mainly comprised of capital expenditures for the construction of the facilities and production lines of Dalian BAK Power. For the years ended September 30, 2013 and 2014, the Company capitalized interest of $1,678,489 and $388,798 respectively to the cost of construction in progress.
| (iii) | Impairment charge
During the course of the Company’s strategic review of its operations, the Company assessed the recoverability of the carrying value of certain property, plant and equipment which resulted in impairment losses of $62.5 million and nil for the years ended September 30, 2013 and 2014, respectively. The impairment charge represented the excess of carrying amounts of the Company’s property, plant and equipment over the estimated fair value of the Company’s production facilities in Shenzhen primarily for the production of aluminum-case cells and lithium polymer cells and Tianjin primarily for the production of high-power lithium batteries.

X
- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration