XML 36 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
Sep. 30, 2013
Sep. 30, 2012
ASSETS    
Cash and cash equivalents $ 290,038 $ 263,228
Accounts receivable, net of provision of $235,499 (September 30, 2012 : $91,577) 277,386 361,575
Value-added tax recoverable 0 35,402
Other receivables 150,424 220,572
Total Current Assets 717,848 880,777
Property and equipment, net of accumulated depreciation of $584,640 (September 30, 2012: $350,484) 575,597 777,189
Rental deposits 37,251 40,361
Monies held by a legal firm/Deposit for acquisition of a subsidiary 65,026 268,393
Total Assets 1,395,722 1,966,720
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)    
Short term loan 471,437 0
Accounts payable 52,393 13,640
Accrued expenses and other payable 525,291 497,702
Deferred revenue 55,917 0
Total Current Liabilities 1,105,038 511,342
Amount due to a stockholder 838,844 754,582
Total Liabilities 1,943,882 1,265,924
Stockholders' Equity (Deficit)    
Common stock, US$0.0001 par value, 900,000,000 shares authorized, 16,331,854 and 16,331,854 shares issued and outstanding at September 30, 2013 and 2012 respectively 1,633 [1] 1,633 [1]
Additional paid-in capital 1,124,411 [1] 1,129,351 [1]
Common stock issued for prepaid service 0 (336,454)
Statutory reserves 500,088 500,088
Accumulated other comprehensive income 304,088 247,866
Accumulated deficit (2,478,380) (841,688)
Total Stockholders' Equity (Deficit) (548,160) 700,796
Total Liabilities and Stockholders' Equity (Deficit) $ 1,395,722 $ 1,966,720
[1] Reflects the 1-for-2.18 reverse split of the Company's outstanding common stock effected on June 7, 2011.