XML 50 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Jun. 30, 2012
Jun. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss for the nine months ended June 30, 2012 $ (402,184) $ 2,707,003
Adjustments to reconcile net income to net cash (used in)/ provided by operating activities :    
Provision for employee benefits 154,094 0
Depreciation 161,097 52,603
Share-based payment expense 300,732 302,183
Impairment loss for accounts receivable 159,542 0
Changes in operating assets and liabilities    
Monies held by a legal firm 470,436 0
Accounts receivable (733,120) (30,451)
Other receivables and deposits (91,678) (13,946)
Rental deposits (2,450) 0
Inventory 2,111 (2,051)
Amount due to a shareholder 159,556 247,726
Accounts payable (23,225) 0
Accrued expenses and other payable 31,491 72,122
Value-added tax liability - net 34,912 (80,296)
Income tax payable (456,199) (306,550)
Net cash (used in)/provided by operating activities (234,885) 2,948,343
CASH FLOWS FROM INVESTING ACTIVITIES    
Refund of deposit for acquisition of a leasehold property 792,669 0
Purchase of property and equipment (181,352) (572,204)
Repayment of promissory notes 0 (2,363,401)
Net cash provided by/(used in) investing activities 611,317 (2,935,605)
CASH FLOWS FROM FINANCING ACTIVITIES    
(Repayment to)/advance from a shareholder (1,141,444) 1,237,815
Net cash (used in)/provided by financing activities (1,141,444) 1,237,815
Effect of exchange rate changes on cash and cash equivalents 16,742 79,455
Net (decrease)/increase in cash and cash equivalents (748,270) 1,330,008
Cash and cash equivalents, beginning balance 779,132 956,402
Cash and cash equivalents, ending balance $ 30,862 $ 2,286,410