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Condensed consolidated balance sheets - USD ($)
Dec. 31, 2016
Sep. 30, 2016
Current assets    
Cash and cash equivalents $ 408,713 $ 1,953,295
Pledged deposits 4,278,144 4,569,027
Trade accounts and bills receivable, net 2,468,387 2,382,427
Inventories 17,094,922 16,540,252
Prepayments and other receivables 6,675,351 6,730,671
Prepaid land use rights, current portion 161,790 168,418
Total current assets 31,087,307 32,344,090
Property, plant and equipment, net 20,010,903 20,735,209
Construction in progress 33,457,043 32,321,914
Prepaid land use rights, non-current 7,536,733 7,887,587
Intangible assets, net 21,344 22,885
Total assets 92,113,330 93,311,685
Current liabilities    
Trade accounts and bills payable 15,580,655 18,551,836
Short-term bank loans 1,439,947 1,498,936
Other short-term loans 10,524,778 4,391,004
Accrued expenses and other payables 19,382,593 18,561,640
Payables to former subsidiaries, net 2,488,859 4,382,234
Deferred government grants, current 142,400 197,645
Total current liabilities 49,559,232 47,583,295
Long-term bank loans 18,258,528 19,006,505
Deferred government grants, non-current 4,556,861 4,731,185
Long term tax payable 7,061,140 6,900,704
Total liabilities 79,435,761 78,221,689
Commitments and contingencies 0 0
Shareholders' equity    
Common stock $0.001 par value; 500,000,000 authorized ; 19,689,674 issued and 19,545,468 outstanding as of September 30, 2016; 19,744,675 issued and 19,600,469 outstanding as of December 31, 2016 19,745 19,690
Donated shares 14,101,689 14,101,689
Additional paid-in capital 145,353,067 145,008,043
Statutory reserves 1,230,511 1,230,511
Accumulated deficit (141,999,372) (139,804,975)
Accumulated other comprehensive loss (1,961,461) (1,398,352)
Stockholder's equity before treasury shares 16,744,179 19,156,606
Less: Treasury shares (4,066,610) (4,066,610)
Total shareholders' equity 12,677,569 15,089,996
Total liabilities and shareholder's equity $ 92,113,330 $ 93,311,685