Income Taxes, Deferred Tax Assets and Deferred Tax Liabilities (Tables)

3 Months Ended

Dec. 31, 2015

SCHEDULE OF INCOME TAXES [Table Text Block]

		Three months ended December 31,
		2014		2015
PRC income tax:
Current	$	-	$	-
Deferred		5,845,066		72,067
	$	5,845,066	$	72,067

SCHEDULE OF INCOME TAX RECONCILIATION [Table Text Block]

		Three months ended December 31,
		2014			2015
Profit (loss) before income tax	$	23,233,659		$	(2,060,606	)
United States federal corporate income tax rate		35%			35%
Income tax computed at United States statutory corporate income tax rate		8,131,781			(721,212	)
Reconciling items:
Valuation allowance on deferred tax assets		675			499,600
Rate differential for PRC earnings		(2,339,961	)		163,796
Non-deductible expenses		58,084			14,786
Share based payments		-			130,712
Others		(5,513	)		(15,615	)
Income tax expenses	$	5,845,066		$	72,067

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES [Table Text Block]

		September 30,			December 31,
		2015			2015
Deferred tax assets
Trade accounts receivable	$	32,979		$	43,810
Inventories		54,127			87,930
Property, plant and equipment		5,976			5,848
Valuation allowance		(49,907	)		(137,588	)
Deferred tax assets, current portion	$	43,175		$	-
Net operating loss carried forward		12,470,938			12,880,407
Valuation allowance		(12,470,938	)		(12,880,407	)
Deferred tax assets, non-current	$	-		$	-
Deferred tax liabilities, non-current
Property, plant and equipment	$	142,650		$	139,602