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Other Short-term Loans
 3 Months Ended
Dec. 31, 2016
Other Short-term Loans [Text Block]
12.

Other Short-term Loans

Other short-term loans as of September 30, 2016 and December 31, 2016 consisted of the following:

              September 30,     December 31,  
        Note     2016     2016  
  Advance from related parties                    
  –   Tianjin BAK New Energy Research Institute Co., Ltd (“Tianjin New Energy”)     (a)   $ 4,205,591   $ 9,252,127  
  –   Mr. Xiangqian Li, the Company’s Former CEO     (b)     100,000     100,000  
                  4,305,591     9,352,127  
  Advances from unrelated third parties                    
  –   Mr. Guozhu Liang     (c)     14,989     14,399  
  –   Mr. Wenwu Yu     (c)     70,424     145,410  
  –   Mr. Mingzhe Li     (c)     -     796,850  
  –   Ms. Longqian Peng     (c)     -     215,992  
                  85,413     1,172,651  
                           
                $ 4,391,004   $ 10,524,778  

  (a)

The Company received advances from Tianjin New Energy, a related company under the control of Mr. Xiangqian Li, the Company’s former CEO, which was unsecured, non-interest bearing and repayable on demand. On November 1, 2016, Mr. Xiangqian Li ceased to be a shareholder but remained as a general manager of Tianjin New Energy. As of September 30, 2016 and December 31, 2016, the payable to Tianjin New Energy of $301,231 and $20,384, respectively, was included in trade accounts and bills payable.

     
  (b)

Advances from Mr. Xiangqian Li, the Company’s former CEO, was unsecured, non-interest bearing and repayable on demand.
     
  (c)

Advances from unrelated third parties were unsecured, non-interest bearing and repayable on demand.