Prepayments and Other Receivables, net

3 Months Ended

Dec. 31, 2012

Prepayments and Other Receivables, net [Text Block]

5 Prepayments and Other Receivables, net

Prepayments and other receivables as of September 30, 2012 and December 31, 2012 consisted of the following:

		September 30,			December 31,
		2012			2012
Prepayments for raw materials and others	$	4,458,058		$	4,803,446
Staff advance and prepayment for operating purpose		4,554,817			4,864,847
		9,012,875			9,668,293
Less: Allowance for doubtful accounts		(1,305,329	)		(1,257,595	)
	$	7,707,546		$	8,410,698

An analysis of the allowance for doubtful accounts for the three months ended December 31, 2011 and 2012 is as follows:

		Three months ended December 31,
		2011		2012
Balance at beginning of period	$	694,587	$	1,305,329
Allowance (Reversal) for the period		555,615		(58,958	)
Foreign exchange adjustment		13,057		11,224
Balance at end of period	$	1,263,259	$	1,257,595