Quarterly report pursuant to sections 13 or 15(d)

SECURITY DEPOSITS

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SECURITY DEPOSITS
6 Months Ended
Jun. 30, 2013
Security Deposits [Abstract]  
Security Deposits [Text Block]
 
11.
SECURITY DEPOSITS
 
China Dredging
 
Security deposits represent amounts on deposit with the owners of dredgers leased by CDGC’s VIE, Fujian Service. Such amounts will be returned to Fujian Service when the corresponding lease ends. Security deposits were $18,607,228 and $25,087,880 as of June 30, 2013 and December 31, 2012, respectively.