Other Short-term Loans

3 Months Ended

Dec. 31, 2015

Other Short-term Loans [Text Block]

12. Other Short-term Loans

Other short-term loans as of September 30 and December 31, 2015 consisted of the following:

			September 30,		December 31,
	Note		2015		2015
Advance from related parties
–     Tianjin BAK New Energy Research Institute Co., Ltd (“Tianjin New Energy”)	(a)	$	6,094	$	5,964
–     Mr. Xiangqian Li, the Company’s CEO	(b)		100,000		100,000
			106,094		105,964
Advances from unrelated third party
–     Mr. Yunfei Li	(c)		78,661		76,980
		$	184,755	$	182,944

(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. As of September 30, 2015 and December 31, 2015, $453,087 and $443,404 payable to Tianjin New Energy was included in trade accounts and bills payable.
(b)	Advance from Mr. Xiangqian Li, the Company’s CEO, was unsecured, non- interest bearing and repayable on demand.
(c)	Advance from an unrelated third party was unsecured, non-interest bearing and repayable on demand.