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(Loss) Earnings Per Share | 9 Months Ended
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Jun. 30, 2015
(Loss) Earnings Per Share [Text Block] |
15. | (Loss) Earnings Per Share
The following is the calculation of (loss) earnings per share:
|  |  | Three months ended June 30, |  |  | Nine months ended June 30, |
|  |  | 2014 |  |  | 2015 |  |  | 2014 |  |  | 2015 |
| Net (loss) profit from continuing operations | $ | (9,829,430 | ) | $ | (1,269,001 | ) | $ | (26,368,149 | ) | $ | 15,665,368 |
| Income from discontinued operations |  | 46,936,251 |  |  | 315,061 |  |  | 48,928,143 |  |  | 1,836,580 |
| Net (loss) profit | $ | 37,106,821 |  | $ | (953,940 | ) | $ | 22,559,994 |  | $ | 17,501,948 |
| Weighted average shares used in basic computation (note) |  | 12,714,597 |  |  | 12,720,229 |  |  | 12,709,524 |  |  | 12,719,808 |
| Diluted effect of unvested restricted shares |  | - |  |  | - |  |  | - |  |  | 2,317 |
| Weighted average shares used in diluted computation |  | 12,714,597 |  |  | 12,720,229 |  |  | 12,709,524 |  |  | 12,722,125 |
| (Loss) earnings per share – Basic |  |  |  |  |  |  |  |  |  |  |  |
| From continuing operations | $ | (0.77 | ) | $ | (0.10 | ) | $ | (2.07 | ) | $ | 1.23 |
| From discontinued operations |  | 3.69 |  |  | 0.02 |  |  | 3.85 |  |  | 0.14 |
|  | $ | 2.92 |  | $ | (0.08 | ) | $ | 1.78 |  | $ | 1.37 |
| (Loss) earnings per share –Diluted |  |  |  |  |  |  |  |  |  |  |  |
| From continuing operations | $ | (0.77 | ) | $ | (0.10 | ) | $ | (2.07 | ) | $ | 1.23 |
| From discontinued operations |  | 3.69 |  |  | 0.02 |  |  | 3.85 |  |  | 0.14 |
|  | $ | 2.92 |  | $ | (0.08 | ) | $ | 1.78 |  | $ | 1.37 |
Note: Including 95,000 and 100,000 vested restricted shares not yet issued to Mr. Xiangqian Li as of June 30, 2014 and 2015, respectively, and nil and 57,500 vested restricted shares granted pursuant to the 2015 Plan not yet issued as of June 30, 2014 and 2015, respectively. For the three months ended June 30, 2015, 632,500 unvested restricted shares were anti-dilutive and excluded from diluted loss per share. For the three and nine months ended June 30, 2015, the outstanding 4,200 stock options were anti-dilutive and excluded from diluted (loss) earnings per share. For the three and nine months ended June 30, 2014, the outstanding 4,200 stock options and 5,000 unvested restricted shares were anti-dilutive and excluded from diluted (loss) earnings per share.

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