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Income Taxes, Deferred Tax Assets and Deferred Tax Liabilities (Tables)

3 Months Ended

Dec. 31, 2014

SCHEDULE OF INCOME TAXES [Table Text Block]

			Three months ended December 31,
			2013			2014
	PRC income tax:
	Current	$	16,474		$	-
	Deferred		-			5,845,066
		$	16,474		$	5,845,066

SCHEDULE OF INCOME TAX RECONCILIATION [Table Text Block]

			Three months ended December 31,
			2013			2014
	Loss before income taxes - continuing operations	$	(6,121,378	)	$	23,233,659
	United States federal corporate income tax rate		35%			35%
	Income tax credit computed at United States statutory corporate income tax rate		(2,142,482	)		8,131,781
	Reconciling items:
	Valuation allowance on deferred tax assets		944,724			675
	Rate differential for PRC earnings		796,091			(2,339,961	)
	Non-deductible expenses		402,733			58,084
	Share based payments		15,408			-
	Others		-			(5,513	)
	Provision for income taxes	$	16,474		$	5,845,066

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES [Table Text Block]

			September 30,			December 31,
			2014			2014
	Deferred tax assets
	Net operating loss carried forward	$	12,534,160		$	12,534,835
	Valuation allowance		(12,534,160	)		(12,534,835	)
	Long-term deferred tax assets	$	-		$	-
	Deferred tax liabilities
	Government grants	$	-		$	5,790,163
	Less: current portion		-			(263,067	)
	Non-current portion	$	-		$	5,527,096

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

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X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

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X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

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