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Condensed consolidated statements of operations and comprehensive (loss) income - USD ($)
3 Months Ended 9 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Net revenues $ 2,452,692 $ 47,994,846 $ 8,598,106 $ 122,039,250
Cost of revenues (2,226,039) (43,675,974) (7,615,029) (112,558,168)
Gross profit 226,653 4,318,872 983,077 9,481,082
Operating expenses:        
Research and development expenses (620,164) (1,469,263) (726,110) (3,981,130)
Sales and marketing expenses (41,175) (1,807,268) (79,558) (4,504,284)
General and administrative expenses (779,860) (3,920,264) (1,800,336) (11,912,505)
(Provision for) recovery of doubtful accounts 0 (729,415) 0 639,390
Total operating expenses (1,441,199) (7,926,210) (2,606,004) (19,758,529)
Operating loss (1,214,546) (3,607,338) (1,622,927) (10,277,447)
Finance cost, net (64,429) (6,193,187) (48,459) (16,785,103)
Government grant income (expense) (11,242) 22,413 23,204,113 74,532
Other income (expenses) (11,635) (51,318) (96,676) 636,343
(Loss) profit before income tax and discontinued operations (1,301,852) (9,829,430) 21,436,051 (26,351,675)
Income tax credit (expenses) 32,851 0 (5,770,683) (16,474)
(Loss) profit before discontinued operations, net of tax (1,269,001) (9,829,430) 15,665,368 (26,368,149)
Income from discontinued operations, net of tax 315,061 46,936,251 1,836,580 48,928,143
Net (loss) profit (953,940) 37,106,821 17,501,948 22,559,994
Other comprehensive income        
Release of foreign currency translation adjustment upon disposal of subsidiaries 0 (39,008,449) 0 (39,008,449)
Foreign currency translation adjustment 15,787 (182,152) 18,022 1,102,650
Total Other comprehensive income 15,787 (39,190,601) 18,022 (37,905,799)
Comprehensive income (loss) $ (938,153) $ (2,083,780) $ 17,519,970 $ (15,345,805)
(Loss) earnings per share - Basic        
- From continuing operations $ (0.10) $ (0.77) $ 1.23 $ (2.07)
- From discontinued operations 0.02 3.69 0.14 3.85
(Loss) earnings per share - Basic (0.08) 2.92 1.37 1.78
(Loss) earnings per share - Diluted        
- From continuing operations (0.10) (0.77) 1.23 (2.07)
- From discontinued operations 0.02 3.69 0.14 3.85
(Loss) earnings per share - Diluted $ (0.08) $ 2.92 $ 1.37 $ 1.78
Weighted average number of shares of common stock:        
- Basic 12,720,229 12,714,597 12,719,808 12,709,524
- Diluted 12,720,229 12,714,597 12,722,125 12,709,524