XML 68 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed consolidated statements of operations and comprehensive (loss) income (USD $)
3 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Net revenues $ 3,079,107us-gaap_SalesRevenueNet $ 41,205,646us-gaap_SalesRevenueNet
Cost of revenues (2,671,908)us-gaap_CostOfRevenue (38,559,570)us-gaap_CostOfRevenue
Gross profit 407,199us-gaap_GrossProfit 2,646,076us-gaap_GrossProfit
Operating expenses:    
Research and development expenses (52,034)us-gaap_ResearchAndDevelopmentExpense (1,284,446)us-gaap_ResearchAndDevelopmentExpense
Sales and marketing expenses (19,348)us-gaap_SellingAndMarketingExpense (1,452,964)us-gaap_SellingAndMarketingExpense
General and administrative expenses (482,363)us-gaap_GeneralAndAdministrativeExpense (4,206,179)us-gaap_GeneralAndAdministrativeExpense
Recovery of doubtful accounts 0us-gaap_AllowanceForLoanAndLeaseLossRecoveryOfBadDebts 1,556,922us-gaap_AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
Total operating expenses (553,745)us-gaap_OperatingExpenses (5,386,667)us-gaap_OperatingExpenses
Operating loss (146,546)us-gaap_OperatingIncomeLoss (2,740,591)us-gaap_OperatingIncomeLoss
Finance costs, net (59)us-gaap_FinancingInterestExpense (3,893,077)us-gaap_FinancingInterestExpense
Government grant income 23,380,264us-gaap_RevenueFromGrants 32,672us-gaap_RevenueFromGrants
Other income (expense), net 0us-gaap_OtherNonoperatingIncomeExpense 479,618us-gaap_OtherNonoperatingIncomeExpense
(Loss) profit before income tax and discontinued operations 23,233,659us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (6,121,378)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expenses (5,845,066)us-gaap_IncomeTaxExpenseBenefit (16,474)us-gaap_IncomeTaxExpenseBenefit
(Loss) profit before discontinued operations, net of tax 17,388,593us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest (6,137,852)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Income from discontinued operations, net of tax 0us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 855,810us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net (loss) profit 17,388,593us-gaap_NetIncomeLoss (5,282,042)us-gaap_NetIncomeLoss
Other comprehensive income    
Foreign currency translation adjustment (137,672)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent (127,023)us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
Comprehensive (loss) income $ 17,250,921us-gaap_ComprehensiveIncomeNetOfTax $ (5,409,065)us-gaap_ComprehensiveIncomeNetOfTax
(Loss) earnings per share - Basic and diluted    
- From continuing operations $ 1.37us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $ (0.49)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
- From discontinued operations   $ 0.07us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
(Loss) earnings per share Basic and diluted $ 1.37us-gaap_EarningsPerShareBasicAndDiluted $ (0.42)us-gaap_EarningsPerShareBasicAndDiluted
Weighted average number of shares of common stock:    
- Basic 12,719,597us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 12,704,597us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
- Diluted 12,719,597us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 12,704,597us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding