Receivables from Former Subsidiaries

3 Months Ended

Dec. 31, 2014

Receivables from Former Subsidiaries [Text Block]

5.	Receivables from Former Subsidiaries
	Receivable from former subsidiaries as of September 30, 2014 and December 31, 2014 consisted of the following:

		September 30,			December 31,
		2014			2014
Shenzhen BAK	$	1,856,356		$	1,857,110
BAK Tianjin		7,261,089			400,838
		9,117,445			2,257,948
Less: Allowance for doubtful accounts		(1,856,356	)		(1,835,869	)
	$	7,261,089		$	422,079

These amounts are interest-free, unsecured and repayable on demand. These unpaid balance from BAK Tianjin has been settled subsequent to December 31, 2014 primarily in the form of provision of property, plant and equipment to the Company in January 2015.

As of September 30, 2014 and December 31, 2014, the Company has provided $1.8 million of allowance for doubtful accounts.