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Consolidated balance sheets - USD ($)
Mar. 31, 2016
Sep. 30, 2015
Current assets    
Cash and cash equivalents $ 1,594,897 $ 6,762,745
Pledged deposits 2,014,963 1,519,601
Trade accounts and bills receivable, net 6,951,521 4,771,958
Inventories 4,559,740 3,057,575
Prepayments and other receivables 3,708,048 2,552,658
Receivables from former subsidiaries, net 0 686,514
Prepaid land use rights, current portion 174,343 176,764
Deferred tax assets, current portion 0 43,175
Total current assets 19,003,512 19,570,990
Property, plant and equipment, net 21,510,899 22,274,820
Construction in progress 18,751,356 13,039,373
Prepaid land use rights, non-current 8,252,213 8,455,231
Intangible assets, net 25,070 26,818
Deferred tax assets, non-current 0 0
Total assets 67,543,050 63,367,232
Current liabilities    
Trade accounts and bills payable 12,797,858 4,910,717
Taxes payable 4,602,237 5,108,878
Short-term bank loans 12,896,137 12,585,740
Other short-term loans 726,676 184,755
Accrued expenses and other payables 10,629,490 11,569,981
Payables to former subsidiaries 812,370 0
Deferred government grants, current 179,023 181,510
Total current liabilities 42,643,791 34,541,581
Deferred government grants, non-current 6,828,501 7,014,114
Deferred tax liabilities, non-current 84,418 142,650
Total liabilities 49,556,710 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; 17,337,200 issued and 17,192,994 outstanding as of March 31, 2016 17,337 12,856
Donated shares 14,101,689 14,101,689
Additional paid-in capital 138,726,418 138,036,080
Statutory reserves 1,230,511 0
Accumulated deficit (131,188,612) (125,922,270)
Accumulated other comprehensive loss (834,393) (492,858)
Stockholders' Equity before Treasury Stock 22,052,950 25,735,497
Less: Treasury shares (4,066,610) (4,066,610)
Total shareholders' equity 17,986,340 21,668,887
Total liabilities and shareholder's equity $ 67,543,050 $ 63,367,232