XML 90 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Operations and Comprehensive Loss (USD $)
12 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Net revenues $ 123,014,080us-gaap_SalesRevenueNet $ 185,552,560us-gaap_SalesRevenueNet
Cost of revenues (113,454,395)us-gaap_CostOfRevenue (202,159,615)us-gaap_CostOfRevenue
Gross (loss) profit 9,559,685us-gaap_GrossProfit (16,607,055)us-gaap_GrossProfit
Operating expenses:    
Research and development expenses (3,981,163)us-gaap_ResearchAndDevelopmentExpense (5,367,962)us-gaap_ResearchAndDevelopmentExpense
Sales and marketing expenses (4,504,410)us-gaap_SellingAndMarketingExpense (7,645,217)us-gaap_SellingAndMarketingExpense
General and administrative expenses (12,357,721)us-gaap_GeneralAndAdministrativeExpense (17,490,537)us-gaap_GeneralAndAdministrativeExpense
Recovery of doubtful accounts 639,390us-gaap_AllowanceForLoanAndLeaseLossRecoveryOfBadDebts 8,958,428us-gaap_AllowanceForLoanAndLeaseLossRecoveryOfBadDebts
Impairment charge on property, plant and equipment 0us-gaap_ImpairmentOfLongLivedAssetsHeldForUse (62,527,213)us-gaap_ImpairmentOfLongLivedAssetsHeldForUse
Total operating expenses (20,203,904)us-gaap_OperatingExpenses (84,072,501)us-gaap_OperatingExpenses
Operating loss (10,644,219)us-gaap_OperatingIncomeLoss (100,679,556)us-gaap_OperatingIncomeLoss
Finance costs, net (16,800,404)us-gaap_FinancingInterestExpense (11,522,580)us-gaap_FinancingInterestExpense
Government grant income 74,532us-gaap_RevenueFromGrants 131,515us-gaap_RevenueFromGrants
Other income (expense), net 665,053us-gaap_OtherNonoperatingIncomeExpense 1,763,990us-gaap_OtherNonoperatingIncomeExpense
Loss before income tax and discontinued operations (26,705,038)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments (110,306,631)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expenses (16,475)us-gaap_IncomeTaxExpenseBenefit (6,119,964)us-gaap_IncomeTaxExpenseBenefit
Net loss from continuing operations, net of tax (26,721,513)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest (116,426,595)us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Income from discontinued operations, net of tax 64,497,429us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax 397,516us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTax
Net (loss) profit 37,775,916us-gaap_NetIncomeLoss (116,029,079)us-gaap_NetIncomeLoss
Other comprehensive income    
Release of foreign currency translation adjustment upon disposal of subsidiaries (39,008,449)us-gaap_GainLossOnSaleOfBusiness (20,850)us-gaap_GainLossOnSaleOfBusiness
Foreign currency translation adjustment 1,071,881us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent 602,337us-gaap_OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
Total Other comprehensive income (37,936,568)cbak_TotalOtherComprehensiveIncome 581,487cbak_TotalOtherComprehensiveIncome
Comprehensive loss $ (160,652)us-gaap_ComprehensiveIncomeNetOfTax $ (115,447,592)us-gaap_ComprehensiveIncomeNetOfTax
(Loss) earnings per share - Basic and diluted    
- From continuing operations $ (2.12)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $ (9.22)us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
- From discontinued operations $ 5.11us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare $ 0.03us-gaap_IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare
(Loss) earnings per share - Basic and diluted $ 2.99us-gaap_EarningsPerShareBasicAndDiluted $ (9.19)us-gaap_EarningsPerShareBasicAndDiluted
Weighted average number of shares of common stock:    
- Basic 12,619,597us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 12,619,597us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
- Diluted 12,619,597us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 12,619,597us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding