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Condensed consolidated balance sheets - USD ($)
Sep. 30, 2016
Sep. 30, 2015
Current assets    
Cash and cash equivalents $ 1,953,295 $ 6,762,745
Pledged deposits 4,569,027 1,519,601
Trade accounts and bills receivable, net 2,382,427 4,771,958
Inventories 16,540,252 3,057,575
Prepayments and other receivables 6,730,671 2,552,658
Receivable from former subsidiaries, net 0 686,514
Prepaid land use rights, current portion 168,418 176,764
Deferred tax assets, current portion 0 43,175
Total current assets 32,344,090 19,570,990
Property, plant and equipment, net 20,735,209 22,274,820
Construction in progress 32,321,914 13,039,373
Prepaid land use rights, non-current 7,887,587 8,455,231
Intangible assets, net 22,885 26,818
Total assets 93,311,685 63,367,232
Current liabilities    
Trade accounts and bills payable 18,551,836 4,910,717
Taxes payable 0 5,108,878
Short-term bank loans 1,498,936 12,585,740
Other short-term loans 4,391,004 184,755
Accrued expenses and other payables 18,561,640 11,569,981
Payables to former subsidiaries 4,382,234 0
Deferred government grants, current 197,645 181,510
Total current liabilities 47,583,295 34,541,581
Long-term bank loans 19,006,505 0
Deferred government grants, non-current 4,731,185 5,199,014
Long- term tax payable 6,900,704 1,815,100
Deferred tax liabilities, non-current 0 142,650
Total liabilities 78,221,689 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; 19,689,674 issued and 19,545,468 outstanding as of September 30, 2016 19,690 12,856
Donated shares 14,101,689 14,101,689
Additional paid-in capital 145,008,043 138,036,080
Statutory reserves 1,230,511 0
Accumulated deficit (139,804,975) (125,922,270)
Accumulated other comprehensive loss (1,398,352) (492,858)
Stockholder's equity before treasury shares 19,156,606 25,735,497
Less: Treasury shares (4,066,610) (4,066,610)
Total shareholders' equity 15,089,996 21,668,887
Total liabilities and shareholder's equity $ 93,311,685 $ 63,367,232