XML 59 R5.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
9 Months Ended
Jun. 30, 2013
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (788,323) $ (402,184)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Amortization of prepaid post combination employee benefit 155,638 154,094
Depreciation 193,928 161,097
Impairment loss for accounts receivable 0 159,542
Share-based payment expense 251,026 300,732
Changes in operating assets and liabilities:    
Monies held by legal firm 0 470,436
Accounts receivable, net (129,512) (733,120)
Value-added tax recoverable/payable 58,193 34,912
Other receivables, net 113,957 (91,678)
Rent deposits (559) (2,450)
Inventory 0 2,111
Amount due to a shareholder 56,907 159,556
Accounts payable 70,842 (23,225)
Accrued expenses and other payables (319,106) 31,491
Deferred revenue 59,640 0
Income tax payable 0 (456,199)
Net cash used in operating activities (277,369) (234,885)
CASH FLOWS FROM INVESTING ACTIVITIES    
Refund of deposit for acquisition of a leasehold property 0 792,669
Acquisition of property and equipment (2,949) (181,352)
Disposal of property and equipment 42,201 0
Net cash provided by investing activities 39,252 611,317
CASH FLOWS FROM FINANCING ACTIVITIES    
Repayment to a shareholder 0 (1,141,444)
Net cash used in financing activities 0 (1,141,444)
EFFECT OF EXCHANGE RATE CHANGES ON CASH 17,469 16,742
NET DECREASE IN CASH AND CASH EQUIVALENTS (220,648) (748,270)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 263,228 779,132
CASH AND CASH EQUIVALENTS, ENDING OF PERIOD 42,580 30,862
Cash paid during the period for:    
Income tax 0 29,081
Interest paid $ 0 $ 0