BUSINESS COMBINATION (Tables)

12 Months Ended

Sep. 30, 2015

Business Combinations [Abstract]

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

The acquisition date fair value of the total consideration transferred was $5.936 million, which consisted of the following:

 

Loan from bank		3,133,286
Loan from related party		2,803,012
Total Purchase Price	$	5,936,298

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date:

Inventories	$	4,941,350
Property and Equipment		981,593
Other long-term assets		13,355
Net assets acquired	$	5,936,298