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Short term loan
3 Months Ended
Dec. 31, 2013
Debt Disclosure [Abstract]  
Short-term Debt [Text Block]
Note 4 - Short term loan
 
Short-term loan represent borrowings from commercial bank that are due within one year which consisted of the following:
 
 
 
December 31,
2013
 
September 30,
2012
 
Loan from China Construction Bank
 
$
425,254
 
$
471,437
 
 
 
$
425,254
 
$
471,437
 
 
On August 9, 2013, the Company obtained a short-term bank loan of $487,694 (RMB 3,000,000) from China Construction Bank that bore an annual interest rate at 8.4% and will be due on August 8, 2014.
 
The interest expense for the three months ended December 31, 2013 and 2012 was $9,700 and Nil, respectively.