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Consolidated statements of cash flows - USD ($)
3 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities    
Net profit (loss) $ (2,132,673) $ 17,388,593
Adjustments to reconcile net profit (loss) to net cash used in operating activities:    
Depreciation and amortization 285,873 75,038
Provision for doubtful accounts 46,687 0
Write-down of inventories 142,125 0
Share-based compensation 373,464 0
Deferred government grants 0 (23,330,177)
Deferred tax assets 72,067 5,845,066
Exchange (gain) loss 107,271 (120,711)
Changes in operating assets and liabilities:    
Trade accounts receivable (124,184) (3,086,721)
Inventories (1,609,877) 1,730,249
Prepayments and other receivables (823,758) 668,310
Trade accounts and bills payable 5,237,197 0
Accrued expenses and other payables 379,903 263,827
Trade receivable and payable from former subsidiaries (3,287,802) 0
Net cash used in operating activities (1,333,707) (566,526)
Cash flows from investing activities    
Increase in pledged deposits (606,979) 0
Deferred government grant 0 7,435,180
Purchases of property, plant and equipment and construction in progress (4,596,853) (3,376,446)
Net cash provided by (used in) investing activities (5,203,832) 4,058,734
Cash flows from financing activities    
Borrowings from related party 0 197,677
Borrowings from unrelated parties 0 81,322
Repayment of borrowings from unrelated parties 0 (4,729,686)
Net cash used in financing activities 0 (4,450,687)
Effect of exchange rate changes on cash and cash equivalents (144,495) 1,980
Net decrease in cash and cash equivalents (6,682,034) (956,499)
Cash and cash equivalents at the beginning of period 6,762,745 991,519
Cash and cash equivalents at the end of period 80,711 35,020
Non-cash transactions:    
Purchase of inventories offset against receivables from former subsidiaries 0 780,377
Purchase of property, plant and equipment (inclusive of VAT) offset against receivables from former subsidiaries 0 6,055,605
Cash paid during the period for:    
Income taxes 0 0
Interest, net of amounts capitalized $ 0 $ 0