Other Short-term Loans

3 Months Ended

Dec. 31, 2014

Other Short-term Loans [Text Block]

10.	Other Short-term Loans
	Other short-term loans as of September 30, 2014 and December 31, 2014 consisted of the following:

			September 30,		December 31,
	Note		2014		2014
Advance from a related company		$		$
– Tianjin BAK New Energy Research Institute Co., Ltd (“Tianjin New Energy”)	(a)		651,657		840,285
Advances from unrelated third parties	(b)
– Mr Longqien Peng			162,915		161,117
– Mr Li Yun Fei			-		80,558
– Mr Shengdan Qiu			4,354,697		-
– Mr Mingzhe Li			382,848		-
			4,900,460		241,675
		$	5,552,117	$	1,081,960

(a)	The Company received an advance from Tianjin New Energy, a related company under the common control of Mr. Xiangqian Li, the Company’s CEO, which was unsecured, non-interest bearing and repayable on demand.
(b)	Advances from unrelated third parties were unsecured, non-interest bearing and repayable on demand.

During the three months ended December 31, 2013 and 2014, interest expense of $1,543,968 and nil, respectively, was incurred on the Company’s other short-term loans.