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Consolidated balance sheets - USD ($)
Dec. 31, 2015
Sep. 30, 2015
Current assets    
Cash and cash equivalents $ 80,711 $ 6,762,745
Pledged deposits 2,084,333 1,519,601
Trade accounts and bills receivable, net 4,746,231 4,771,958
Inventories 4,436,352 3,057,575
Prepayments and other receivables 3,308,600 2,552,658
Receivable from/ prepayment to former subsidiaries 5,176,799 686,514
Prepaid land use rights, current portion 172,987 176,764
Deferred tax assets, current portion 0 43,175
Total current assets 20,006,013 19,570,990
Property, plant and equipment, net 21,531,782 22,274,820
Construction in progress 14,486,799 13,039,373
Prepaid land use rights, non-current 8,231,299 8,455,231
Intangible assets, net 25,561 26,818
Deferred tax assets, non-current 0 0
Total assets 64,281,454 63,367,232
Current liabilities    
Trade accounts and bills payable 9,958,633 4,910,717
Taxes payable 5,028,357 5,108,878
Short-term bank loans 12,316,787 12,585,740
Other short-term loans 182,944 184,755
Accrued expenses and other payables 8,948,999 11,569,981
Advance from a former subsidiary 1,285,195 0
Deferred government grants, current 177,631 181,510
Total current liabilities 37,898,546 34,541,581
Deferred government grants, non-current 6,819,818 7,014,114
Deferred tax liabilities, non-current 139,602 142,650
Total liabilities 44,857,966 41,698,345
Commitments and contingencies 0 0
Shareholders' equity    
Common stock $0.001 par value; 500,000,000 authorized ; 12,856,301 issued and 12,712,095 outstanding as of September 30, 2015; 17,289,699 issued and 17,145,493 outstanding as of December 31, 2015 17,290 12,856
Donated shares 14,101,689 14,101,689
Additional paid-in capital 138,405,110 138,036,080
Statutory reserves 1,230,511 0
Accumulated deficit (129,285,454) (125,922,270)
Accumulated other comprehensive loss (979,048) (492,858)
Stockholders' Equity Before Treasury Shares 23,490,098 25,735,497
Less: Treasury shares (4,066,610) (4,066,610)
Total shareholders' equity 19,423,488 21,668,887
Total liabilities and shareholder's equity $ 64,281,454 $ 63,367,232