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Balances with Former Subsidiaries | 9 Months Ended
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Jun. 30, 2016
Balances with Former Subsidiaries [Text Block] |
6. | Balances with Former Subsidiaries
Receivables from former subsidiaries as of September 30, 2015 and June 30, 2016 consisted of the following:
|  |  | September 30, 2015 |  |  | June 30, 2016 |
| Shenzhen BAK | $ | 62,963 |  | $ | - |
| BAK Tianjin |  | 623,551 |  |  | 70,814 |
|  | $ | 686,514 |  | $ | 70,814 |
These amounts are interest-free, unsecured and repayable on demand. Upon disposal of the Disposal Group in June 2014, the Disposal Group owed the Company a sum of $17.8 million. Management of the Company evaluated the collectability of the remaining amount and determined that $1.8 million should be impaired and offset against the gain on disposal of subsidiaries from discontinued operations (property leasing and management of its Research and Development Centre in Shenzhen) for the year ended September 30, 2014. During the three and nine months ended June 30, 2015, the Company determined that $0.3 million and $1.8 million was recoverable, respectively. The recovery was treated as an adjustment to the gain on disposal of subsidiaries from discontinued operations for the three and nine months ended June 30, 2015. Payables to a former subsidiary as of September 30, 2015 and June 30, 2016 consisted of the following:
|  |  | September 30, 2015 |  |  | June 30, 2016 |
| Shenzhen BAK | $ | - |  | $ | 3,817,817 |

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- Definition Receivables from Former Subsidiaries + References No definition available. + Details
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