XML 69 R12.htm IDEA: XBRL DOCUMENT v2.4.1.9
Property, Plant and Equipment, net
 3 Months Ended
Dec. 31, 2014
Property, Plant and Equipment, net [Text Block]
6.

Property, Plant and Equipment, net

   
 

Property, plant and equipment as of September 30, 2014 and December 31, 2014 consisted of the following:

      September 30,     December 31,  
      2014     2014  
  Machinery and equipment $   -   $ 3,830  
  Office equipment   19,999     20,503  
  Motor vehicles   118,821     117,511  
        138,820     141,844  
  Accumulated depreciation   (14,565 )   (20,852 )
  Carrying amount $ 124,255   $ 120,992  

Depreciation expense for the three months ended December 31, 2013 and 2014 is included in the condensed consolidated statements of operations as follows:

      Three months ended December 31,  
      2013     2014  
  Cost of revenues $ 1,574,651   $   -  
  Research and development expenses   115,511     -  
  Sales and marketing expenses   28,776     -  
  General and administrative expenses   849,766     6,509  
    $ 2,568,704   $ 6,509  

 

During the course of the Company’s strategic review of its operations, the Company assessed the recoverability of the carrying value of the Company’s property, plant and equipment. The impairment charge, if any, represented the excess of carrying amounts of the Company’s property, plant and equipment over the estimated discounted cash flows expected to be generated by the Company’s production facilities. The Company believes that there was no impairment of its property, plant and equipment for the quarters ended December 31, 2013 and 2014.