Condensed Consolidated Statements of Cash Flow (Unaudited) - USD ($)
|
9 Months Ended |
Jun. 30, 2017 |
Jun. 30, 2016 |
| Cash flows from operating activities |
|
|
| Net loss from continuing operations |
$ (524,887)
|
$ (10,353,605)
|
| Issuance of common stocks for compensation |
5,928
|
897,521
|
| Income taxes paid |
(830)
|
|
| Adjustments to reconcile net loss to net cash used by operating activities: |
|
|
| (Increase) decrease in deposit |
3,815
|
|
| (Increase) decrease in prepayment |
|
3,815
|
| Increase (decrease) in other payable |
|
(300,000)
|
| Increase (decrease) in due to related party |
(647,000)
|
6,477,483
|
| Increase (decrease) in accounts payable |
(17,540)
|
11,446
|
| Increase (decrease) in accrued expenses |
65,030
|
|
| Net cash used in operating activities |
(1,115,484)
|
(3,263,340)
|
| Cash flows from investing activities |
|
|
| Net cash provided by (used in) investing activities |
|
|
| Cash flows from financing activities |
|
|
| (Decrease) increase in due to shareholder |
|
(46,586)
|
| Proceeds from short term loans |
|
2,050,000
|
| Borrowings from related party |
950,000
|
|
| Proceeds from subscription receivable |
|
350,000
|
| Net cash provided by financing activities |
950,000
|
2,353,414
|
| Effect of exchange rates of cash |
|
|
| Net decrease in cash |
(165,484)
|
(909,926)
|
| Cash, beginning of period |
173,537
|
994,830
|
| Cash, end of period |
8,053
|
84,904
|
| Non cash investing and financing activities |
|
|
| Prepayment |
|
900,000
|
| Supplemental disclosure of cash flow information |
|
|
| Interest paid |
|
|
| Income taxes paid |
|
|