Significant Concentrations

6 Months Ended

Mar. 31, 2012

Significant Concentrations [Text Block]

16 Significant Concentrations

(a) Customers and Credit Concentrations

The Company had only one customer that individually comprised 10% or more of net revenue for the six months ended March 31, 2011 and 2012 respectively, as follows:

		Six months ended March 31
		2011			2012
Shenzhen Fuheqing Co., Ltd.	$	3,097,021	2.8%	$	10,824,312	10%

As of March 31, 2011 and 2012, approximately 0.6% and 5% of gross trade accounts receivable was due from Shenzhen Fuheqing Co., Ltd. respectively.

(b) Credit Risk

Financial instruments that potentially subject the Company to a significant concentration of credit risk consist primarily of cash and cash equivalents and pledged deposits. As of September 30, 2011 and March 31, 2012, substantially all of the Company’s cash and cash equivalents and pledged deposits were held by major financial institutions located in the PRC, which management believes are of high credit quality.