XML 16 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed consolidated statements of operations and comprehensive (loss) income - USD ($)
 3 Months Ended 9 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net revenues $ 1,362,295 $ 2,452,692 $ 10,061,797 $ 8,598,106
Cost of revenues (1,915,890) (2,226,039) (10,872,984) (7,615,029)
Gross profit (loss) (553,595) 226,653 (811,187) 983,077
Operating expenses:        
Research and development expenses (312,024) (620,164) (1,420,101) (726,110)
Sales and marketing expenses (205,654) (41,175) (675,196) (79,558)
General and administrative expenses (1,186,242) (779,860) (3,380,093) (1,800,336)
Provision for doubtful accounts (625,222) 0 (632,655) 0
Total operating expenses (2,329,142) (1,441,199) (6,108,045) (2,606,004)
Operating loss (2,882,737) (1,214,546) (6,919,232) (1,622,927)
Finance cost, net (15,358) (64,429) (50,544) (48,459)
Government grant (expense) income 0 (11,242) 0 23,204,113
Other (expenses) income, net 229,403 (11,635) 280,079 (96,676)
(Loss) profit before income tax and discontinued operations (2,668,692) (1,301,852) (6,689,697) 21,436,051
Income tax credit (expenses) 51 32,851 (14,775) (5,770,683)
(Loss) profit before discontinued operations, net of tax (2,668,641) (1,269,001) (6,704,472) 15,665,368
Income from discontinued operations 0 315,061 0 1,836,580
Net (loss) profit (2,668,641) (953,940) (6,704,472) 17,501,948
Other comprehensive income (loss)        
- Foreign currency translation adjustment (579,454) 15,787 (920,989) 18,022
Comprehensive (loss) income $ (3,248,095) $ (938,153) $ (7,625,461) $ 17,519,970
(Loss) earnings per share - Basic and diluted        
- From continuing operations $ (0.15) $ (0.10) $ (0.39) $ 1.23
- From discontinued operations   0.02   0.14
Earning Per Share Basic and Diluted $ (0.15) $ (0.08) $ (0.39) $ 1.37
Weighted average number of shares of common stock:        
- Basic 17,284,432 12,720,229 17,228,399 12,719,808
- Diluted 17,284,432 12,720,229 17,228,399 12,722,125