Quarterly report pursuant to sections 13 or 15(d)

OTHER RECEIVABLES (Tables)

v2.4.0.8
OTHER RECEIVABLES (Tables)
6 Months Ended
Jun. 30, 2013
Receivables [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
Other receivables as of June 30, 2013 and December 31, 2012 consisted of the following:
 
China Dredging
 
 
 
June 30, 2013
 
December 31, 2012
 
 
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
Petty cash held for BT project
 
$
1,668,500
 
$
-
 
Social insurance prepaid for staff
 
 
4,713
 
 
4,066
 
Loan to unrelated parties
 
 
1,328,607
 
 
-
 
Others
 
 
123
 
 
123
 
 
 
$
3,001,943
 
$
4,189
 
 
Merchant Supreme
 
 
 
June 30, 2013
 
December 31, 2012
 
 
 
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
Grants receivable from the PRC Government
 
$
7,648,256
 
$
-
 
Others
 
 
11,584
 
 
29,885
 
 
 
$
7,659,840
 
$
29,885