Quarterly report pursuant to sections 13 or 15(d)

SEGMENT INFORMATION

v2.4.0.8
SEGMENT INFORMATION
6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
 
3.
SEGMENT INFORMATION
 
 
The following tables sets out the analysis of the Company's revenue and cost of revenue by segments:
 
 
a)
Dredging service
 
b)
Ocean fishery
 
The following is an analysis of the Company's revenue and results from continuing operations by reportable segment :
 
China Dredging
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Three Months Ended
June 30,
 
For the Six Months Ended
June 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
 
 
(Unaudited)
 
(Unaudited)
 
(Unaudited)
 
(Unaudited)
 
Dredging service
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Contract revenue, including revenue
   from customers under control of a
   common parent company of
   $21,263,194 and $33,852,176 for the
   three months ended June 30, 2013 and
   2012, respectively; $24,217,505 and
   $69,873,999 for the six months ended
   June 30 2013 and 2012, respectively
 
$
50,547,631
 
$
59,594,550
 
$
77,286,702
 
$
119,094,081
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of contract revenue, including
   depreciation of $1,929,569 and
   $1,836,678 for the three months ended
   June 30, 2013 and 2012 respectively;
   $3,817,166 and $3,683,238 for the six
   months ended June 30 2013 and 2012, respectively
 
 
(25,218,221)
 
 
(27,573,111)
 
 
(41,240,717)
 
 
(55,595,229)
 
 
 
$
25,329,410
 
$
32,021,439
 
$
36,045,985
 
$
63,498,852
 
 
Merchant Supreme
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
For the Three Months Ended
June 30,
 
For the Six Months Ended
June 30,
 
 
 
2013
 
2012
 
2013
 
2012
 
 
 
(Unaudited)
 
(Unaudited)
 
(Unaudited)
 
(Unaudited)
 
Ocean Fishery
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
 
 
 
 
 
 
 
 
 
 
 
 
Sale of fish and marine catches to third
   parties
 
$
19,021,243
 
$
5,946,532
 
$
30,726,179
 
$
12,374,293
 
Sale of fish and marine catches to
   related parties
 
 
2,341,114
 
 
4,384,799
 
 
10,305,654
 
 
13,513,241
 
 
 
 
21,362,357
 
 
10,331,331
 
 
41,031,833
 
 
25,887,534
 
Cost of revenue
 
 
 
 
 
 
 
 
 
 
 
 
 
Sale of fish and marine catches to third
   parties
 
 
(11,201,784)
 
 
(4,613,613)
 
 
(20,077,441)
 
 
(9,337,180)
 
Sale of fish and marine catches to
   related parties
 
 
(1,033,691)
 
 
(4,556,492)
 
 
(6,450,168)
 
 
(9,542,036)
 
 
 
 
(12,235,475)
 
 
(9,170,105)
 
 
(26,527,609)
 
 
(18,879,216)
 
 
 
$
9,126,882
 
$
1,161,226
 
$
14,504,224
 
$
7,008,318