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Condensed consolidated statements of cash flows - USD ($)
12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities    
Net profit (loss) $ (12,652,194) $ 15,873,926
Income from discontinued operations, net of tax 0 (1,831,237)
Adjustments to reconcile net profit (loss) to net cash used in operating activities:    
Depreciation and amortization 1,117,741 508,945
Provision for doubtful debts 2,779,497 131,745
Write-down of inventories 439,068 221,172
Share-based compensation 1,462,197 750,167
Government grant income 0 (23,103,427)
Deferred tax liabilities (96,793) 101,617
Exchange loss (gain) 213,127 (200,078)
Changes in operating assets and liabilities:    
Trade accounts and bills receivable (569,265) (4,349,352)
Inventories (14,357,199) (107,512)
Prepayments and other receivables (4,389,940) 132,777
Trade accounts and bills payable 5,515,277 5,016,470
Accrued expenses and other payables 1,232,105 400,375
Income taxes payable 310,108 5,218,898
Trade receivable from and payables to former subsidiaries 5,108,935 (801,608)
Net cash used in operating activities (13,887,336) (2,037,122)
Cash flows from investing activities    
Increase in pledged deposits (3,187,541) (1,552,326)
Deferred government grant 0 7,416,752
Purchases of property, plant and equipment and construction in progress (5,926,675) (12,851,944)
Purchase of intangible assets 0 (28,586)
Net cash used in continuing operations (9,114,216) (7,016,104)
Net cash provided by discontinued operations 0 1,514,183
Net cash used in investing activities (9,114,216) (5,501,921)
Cash flows from financing activities    
Proceeds from borrowings 19,410,639 12,856,775
Repayment of borrowings (10,715,653) (4,821,290)
Advances from investors 0 9,847,644
Borrowings from unrelated parties 87,230 1,601,311
Repayment of borrowings from unrelated parties (76,540) (6,355,104)
Borrowings from related party 4,289,084 3,747,800
Repayment to related party 0 (3,532,828)
Proceeds from issuance of common stock 5,516,600 0
Net cash provided by financing activities 18,511,360 13,344,308
Effect of exchange rate changes on cash and cash equivalents (319,258) (34,039)
Net increase (decrease) in cash and cash equivalents (4,809,450) 5,771,226
Cash and cash equivalents at the beginning of year 6,762,745 991,519
Cash and cash equivalents at the end of year 1,953,295 6,762,745
Non-cash transactions:    
Purchase of inventories offset against receivables from former subsidiaries 0 615,706
Purchase of property, plant and equipment (inclusive of VAT) offset against receivables from former subsidiaries 0 6,831,398
Removal expenditures offset against government grants 0 1,003,027
Depreciation expenses offset against government grants 0 66,169
Accounts receivable offset against advance from a related company 0 349,810
Receivable from a former subsidiary offset against advance from a related company 0 401,774
Transfer of construction in progress to property, plant and equipment 602,109 22,944,570
Cash paid during the period for:    
Income taxes 459,265 0
Interest, net of amounts capitalized $ 0 $ 0