XML 31 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED BALANCE SHEETS (USD $)
Jun. 30, 2014
Sep. 30, 2013
Current assets:    
Cash and cash equivalents $ 2,006,597 $ 75,901
Accounts receivable 245,014 338,312
Inventory 585,109 433,811
Advance Payments 36,523 289,368
Prepaid expense and other receivables 114,097 66,042
Prepaid value-added tax 145,612 123,157
Total current assets 3,132,952 1,326,591
Property, plant and equipment, net 21,964,090 22,786,880
Land use rights, net 992,478 1,013,848
Total other assets 992,478 1,013,848
Total Assets 26,089,520 25,127,319
Current liabilities:    
Accounts payable 213,530 187,605
Short term loans 10,611,216 5,345,800
Taxes payable 35,618 55,926
Due to related parties-current portion 3,336,737 5,500,997
Long term loans-current portion 2,276,036 2,438,187
Accrued expenses and other payables 910,148 1,042,734
Total current liabilities 17,383,285 14,571,249
Long-term liabilities    
Long term loans 4,878,196 1,020,224
Due to related parties   1,415,868
Total Long Term Liabilities 4,878,196 2,436,092
Total liabilities 22,261,481 17,007,341
Commitment and contingencies      
Stockholders' Equity    
Common stock, $0.0001 par value, 200,000,000 shares authorized; 46,917,445 shares issued and outstanding as of June 30, 2014 and September 30, 2013, respectively 4,692 4,692
Additional paid-in-capital 14,622,258 14,474,258
Accumulated other comprehensive income 2,291,734 2,291,219
Accumulated deficit (13,090,645) (8,650,191)
Total Stockholders' Equity 3,828,039 8,119,978
Total Liabilities and Stockholders' Equity $ 26,089,520 $ 25,127,319