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Income Taxes, Deferred Tax Assets and Deferred Tax Liabilities (Tables)

6 Months Ended

Mar. 31, 2016

SCHEDULE OF INCOME TAXES [Table Text Block]

		Three months ended March 31,						Six months ended March 31,
		2015			2016			2015			2016
PRC income tax:
Current		-			-			-			-
Deferred		(41,532	)		(57,241	)		5,803,534			14,826
	$	(41,532	)	$	(57,241	)	$	5,803,534		$	14,826

SCHEDULE OF INCOME TAX RECONCILIATION [Table Text Block]

		Three months ended March 31,						Six months ended March 31,
		2015			2016			2015			2016
(Loss) profit before income taxes	$	(495,756	)	$	(1,960,399	)	$	22,737,903		$	(4,021,005	)
United States federal corporate income tax rate		35%			35%			35%			35%
Income tax (credit) expenses computed at United States statutory corporate income tax rate		(173,515	)		(686,139	)		7,958,266			(1,407,351	)
Reconciling items:
Valuation allowance on deferred tax assets		46,337			336,907			47,012			836,507
Rate differential for PRC earnings		47,349			146,434			(2,292,612	)		310,230
Non-deductible expenses		33,088			66,495			91,172			81,281
Share based payments		-			112,475			-			243,187
Others		5,209			(33,413	)		(304	)		(49,028	)
Income tax (credit) expenses	$	(41,532	)	$	(57,241	)	$	5,803,534		$	14,826

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES [Table Text Block]

		September 30,			March 31,
		2015			2016
Deferred tax assets
Trade accounts receivable	$	32,979		$	34,437
Inventories		54,127			75,787
Property, plant and equipment		5,976			3,537
Valuation allowance		(49,907	)		(113,761	)
Deferred tax assets, current portion	$	43,175		$	-
Net operating loss carried forward		12,470,938			13,241,142
Valuation allowance		(12,470,938	)		(13,241,142	)
Deferred tax assets, non-current	$	-		$	-
Deferred tax liabilities, non-current
Property, plant and equipment	$	142,650		$	84,418

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

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X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

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X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

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