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Property, Plant and Equipment, net | 12 Months Ended
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Dec. 31, 2017
Property, Plant and Equipment, net [Text Block] |
9. | Property, Plant and Equipment, net
Property, plant and equipment as of September 30, 2016, December 31, 2016 and 2017 consisted of the following:
|  | September 30, |  |  | December 31, |  |  | December 31, |
|  | 2016 |  |  | 2016 |  |  | 2017 |
Buildings | $ | 17,569,328 |  | $ | 16,877,909 |  | $ | 24,979,022 |
Machinery and equipment |  | 4,388,160 |  |  | 4,473,631 |  |  | 12,967,576 |
Office equipment |  | 82,722 |  |  | 96,655 |  |  | 183,956 |
Motor vehicles |  | 168,240 |  |  | 193,165 |  |  | 206,190 |
|  | 22,208,450 |  |  | 21,641,360 |  |  | 38,336,744 |
Accumulated depreciation |  | (1,473,241 | ) |  | (1,630,457 | ) |  | (3,371,234 | )
Carrying amount | $ | 20,735,209 |  | $ | 20,010,903 |  | $ | 34,965,510 |
During the year ended September 30, 2016, three months ended December 31, 2016 and year ended December 31, 2017, the Company incurred depreciation expense of $1,144,866, $228,335 and $1,569,768, respectively. The Company has not yet obtained the property ownership certificates of the buildings in its Dalian manufacturing facilities with a carrying amount of $16,958,674, $16,178,549 and $23,670,773 as of September 30, 2016, December 31, 2016 and 2017, respectively. The Company built its facilities on the land for which it had already obtained the related land use right. The Company has submitted applications to the Chinese government for the ownership certificates on the completed buildings located on these lands. However, the application process takes longer than the Company expected and it has not obtained the certificates as of the date of this report. However, since the Company has obtained the land use right in relation to the land, the management believe the Company has legal title to the buildings thereon albeit the lack of ownership certificates. Impairment charge on property, plant and equipment During the course of the Company’s strategic review of its operations in the year ended September 30, 2016, three months ended December 31, 2016 and year ended December 31, 2017, the Company assessed the recoverability of the carrying value of certain property, plant and equipment which resulted in impairment losses of approximately nil, nil and $1.0 million, respectively. The impairment charge considered by management in performing this assessment include current operating results, trends and prospects, the manner in which the property is used, and the effects of obsolescence, demand, competition, and other economic factors.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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