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Condensed consolidated balance sheets - USD ($)
Jun. 30, 2016
Sep. 30, 2015
Current assets    
Cash and cash equivalents $ 3,125,448 $ 6,762,745
Pledged deposits 1,459,450 1,519,601
Trade accounts and bills receivable, net 5,381,338 4,771,958
Inventories 10,965,513 3,057,575
Prepayments and other receivables, net 5,318,633 2,552,658
Receivable from former subsidiaries, net 70,814 686,514
Prepaid land use rights, current portion 168,993 176,764
Deferred tax assets, current portion 301 43,175
Total current assets 26,490,490 19,570,990
Property, plant and equipment, net 20,790,452 22,274,820
Construction in progress 27,278,764 13,039,373
Prepaid land use rights, non-current 7,956,764 8,455,231
Intangible assets, net 23,632 26,818
Deferred tax assets, non-current 0 0
Total assets 82,540,102 63,367,232
Current liabilities    
Trade accounts and bills payable 15,838,044 4,910,717
Taxes payable 4,433,036 5,108,878
Short-term bank loans 684,675 12,585,740
Other short-term loans 7,492,928 184,755
Accrued expenses and other payables 15,645,841 11,569,981
Payables to a former subsidiary 3,817,817 0
Deferred government grants, current 198,320 181,510
Total current liabilities 48,110,661 34,541,581
Long-term bank loans 12,709,251 0
Deferred government grants, non-current 6,523,373 7,014,114
Deferred tax liabilities, non-current 81,827 142,650
Total liabilities 67,425,112 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; 17,432,200 issued and 17,287,994 outstanding as of June 30, 2016 17,432 12,856
Donated shares 14,101,689 14,101,689
Additional paid-in capital 139,103,068 138,036,080
Statutory reserves 1,230,511 0
Accumulated deficit (133,857,253) (125,922,270)
Accumulated other comprehensive loss (1,413,847) (492,858)
Shareholders' Equity before Treasury Shares 19,181,600 25,735,497
Less: Treasury shares (4,066,610) (4,066,610)
Total shareholders' equity 15,114,990 21,668,887
Total liabilities and shareholder's equity $ 82,540,102 $ 63,367,232