XML 58 R31.htm IDEA: XBRL DOCUMENT

Principal Activities, Basis of Presentation and Organization (Tables)

12 Months Ended

Sep. 30, 2014

Schedule of Disposal Groups, Including Discontinued Operations [Table Text Block]

		Carrying amount
Cash and cash equivalents	$	4,163,555
Pledged deposits		119,382
Trade accounts receivable, net		63,539,165
Inventories		39,941,073
Prepayments and other receivables		25,975,982
Property, plant and equipment, net		153,341,607
Construction in progress		11,900,752
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		(24,864,086	)
Other short term loans		(53,406,103	)
Payable to the Company (Note)		(17,844,674	)
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		28,891,073
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	)
		(63,184,332	)
Impairment on receivable from the Disposal Group (Note)		1,836,580
Gain on disposal of subsidiaries	$	(61,347,752	)

Schedule of Disposal Group in Relation to the Manufacture [Table Text Block]

		2013			2014
Net revenues	$	185,552,560		$	121,842,765
Cost of revenues		(202,159,615	)		(112,386,074	)
Gross (loss) profit		(16,607,055	)		9,456,691
Operating expenses:
Research and development expenses		(5,351,904	)		(3,977,127	)
Sales and marketing expenses		(7,585,130	)		(4,489,308	)
General and administrative expenses		(16,501,846	)		(10,605,462	)
Recovery of doubtful accounts		8,958,428			639,390
Impairment charge on property, plant and equipment		(62,527,213	)		-
Total operating expenses		(83,007,665	)		(18,432,507	)
Operating loss		(99,614,720	)		(8,976,816	)
Finance costs, net		(11,522,580	)		(16,792,381	)
Government grant income		131,515			74,532
Other income (expense), net		1,763,990			636,343
Loss before income tax and discontinued operations		(109,241,795	)		(25,057,322	)
Income tax expenses		(6,119,964	)		(16,475	)
Net loss from continuing operations, net of tax		(115,361,759	)		(25,073,797	)

Schedule of Assets and Liabilities of Discontinued Operations of the Property Leasing and Management Business [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
Non-current assets
Property, plant and equipment, net	$	41,914,724
Prepaid land use rights, non-current		1,200,277
Non-current assets of discontinued operations		43,115,001
Non-current liabilities of discontinued operations - Rental deposits from tenants	$	(715,398	)

Schedule of Discontinued Operations in Relation to the Property Leasing and Management Business [Table Text Block]

		2013		2014
Net revenues	$	397,516	$	4,069,147
Cost of revenues		-		(919,470	)
		397,516		3,149,677
Gain on disposal of subsidiaries		-		61,347,752
Income from discontinued operations	$	397,516	$	64,497,429

- 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