Quarterly report pursuant to Section 13 or 15(d)

PREPAYMENT FOR LONG-TERM ASSETS (Tables)

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PREPAYMENT FOR LONG-TERM ASSETS (Tables)
9 Months Ended
Sep. 30, 2014
Prepayment For Long Term Assets [Abstract]  
Schedule Of Prepayment For Long Term Assets [Table Text Block]
At September 30, 2014 and December 31, 2013, prepayment for long-term assets consisted of the following:
 
 
 
September 30, 2014
 
December 31, 2013
 
 
 
 
 
(As Restated)
 
Deposit for acquisition of commercial retail space
 
$
22,433,550
 
$
-
 
Payment for vessels construction
 
 
6,368,973
 
 
33,985,148
 
 
 
$
28,802,523
 
$
33,985,148