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Income Taxes, Deferred Tax Assets and Deferred Tax Liabilities (Tables)

12 Months Ended

Dec. 31, 2017

SCHEDULE OF INCOME TAXES [Table Text Block]

		September 30,			December 31,			December 31,
		2016			2016			2017
PRC income tax	$	769,373		$	-		$	-
Current		(96,793	)		-			-
Deferred	$	672,580		$	-		$	-

SCHEDULE OF INCOME TAX RECONCILIATION [Table Text Block]

		Year ended			Three months ended			Year ended
		September 30,			December 31,			December 31,
		2016			2016			2017
Profit before income taxes	$	(11,979,614	)		(2,194,397	)	$	(21,467,341	)
United States federal corporate income tax rate		35%			35%			35%
Income tax credit computed at United States statutory   corporate income tax rate		(4,192,865	)		(768,039	)		(7,513,570	)
Reconciling items:
Over provision of deferred taxation in prior year		(96,793	)		-
Rate differential for PRC earnings		1,015,843			169,700			2,019,848
Non-deductible expenses		125,998			53,326			107,248
Share based payments		511,769			120,778			265,752
Recognition of tax losses previously not recognized								(188,647	)
ASC 740-10 uncertain tax position		769,373			-			-
Provisional re-measurement of deferred taxes – TCJ Act								14,572,726
Valuation allowance on deferred tax assets		2,539,255			424,235			(9,263,357	)
Income tax expenses	$	672,580			-		$	-

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES [Table Text Block]

		September 30,			December 31,			December 31,
		2016			2016			2017
Deferred tax assets
Trade accounts receivable	$	711,944		$	748,949		$	1,098,183
Inventories		160,222			254,852			1,772,444
Property, plant and equipment		156,628			373,287			781,227
Provision for product warranty		-			51,351			569,958
Net operating loss carried forward		37,923,110			38,055,264			25,892,299
Valuation allowance		(38,951,904	)		(39,483,703	)		(30,114,111	)
Deferred tax assets, non-current	$	-		$	-		$	-
Deferred tax liabilities, non-current	$	-		$	-			-

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319

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X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319

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X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319

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