XML 16 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Net Income (Loss) $ 3,376,251 $ (4,281,132)
Bad debt expense   35,712
Impairment loss and disposal loss from property and equipment 2,149,611 366,608
Loss on private placement   4,527,138
Change of fair value of derivative liabilities (3,552,385) 3,102,455
Depreciation and amortization 682,110 709,341
Stock based compensaction expense 738,399 169,641
Change in accounts receivable and other receivable 588,488 464,963
Change in inventory 89,457 40,293
Change in employee advances 5,699 (2,174)
Change in advances to suppliers 7,073 57,826
Change in prepaid expense and other expenses (13,125)  
Change in related party receivables   168,958
Change in accounts payable (66,228) (142,146)
Change in construction security deposits (1,184,690) (9,771)
Change in taxes payable (457,211) 45,440
Change in accrued expenses and other payables 212,454 (150,148)
Cash provided by Operating Activities 2,575,903 5,103,004
Additions to plant, property and equipment (6,783,960) (6,678,194)
Proceedsfrom disposal of plant, property and equipment 69,703  
Loan to related party 345,708  
Cash used in investing activities (6,368,549) (6,678,194)
Proceeds from issuance of stock   1,789,975
Proceeds from (repayment of) related party loans 1,708,411 282,580
Repayment of loans   (226,224)
Proceeds from Short term loans 1,323,747  
Proceeds from long term loans 342,649  
Cash provided by (used in) financing activities 3,374,807 1,846,331
Effect of exchange rate changes on cash and cash equivalents 12,072 62,546
Increase in cash and cash equivalents (405,767) 333,687
Cash and Cash Equivalents - Beginning of the year 498,563 164,876
Cash and Cash Equivalents - End of the year 92,796 498,563
Interest expense 18,073  
Income taxes 786,711 724,724
Unpaid property, plant and equipment additions, included in accounts payables $ (178,316) $ 223,685