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Prepaid Land Use Rights, net
 12 Months Ended
Sep. 30, 2016
Prepaid Land Use Rights, net [Text Block]
10.

Prepaid Land Use Rights, net

Prepaid land use rights as of September 30, 2015 and 2016 consisted of the followings:

      2015       2016  
  Prepaid land use rights $ 8,838,220   $ 8,420,911  
  Accumulated amortization   (206,225 )   (364,906 )
      $ 8,631,995   $ 8,056,005  
  Less: Classified as current assets   (176,764 )   (168,418 )
    $ 8,455,231   $ 7,887,587  

Pursuant to a land use rights acquisition agreement dated August 10, 2014, the Company acquired the rights to use a piece of land with an area of 153,832 m 2 in Dalian Economic Zone for 50 years up to August 9, 2064, at a total consideration of $7,954,852 (RMB53.1 million). Other incidental costs incurred totaled $466,059 (RMB3.1 million).

Amortization expenses of the prepaid land use rights were $210,666 and $171,999 for the years ended September 30, 2015 and 2016, respectively. Annual amortization expense is expected to be approximately $168,418 over each of the next five years.