Quarterly report pursuant to sections 13 or 15(d)

PROPERTY, PLANT AND EQUIPMENT,NET (Tables)

v2.4.0.8
PROPERTY, PLANT AND EQUIPMENT,NET (Tables)
6 Months Ended
Jun. 30, 2013
China Dredging Group Co Ltd [Member]
 
Property, Plant and Equipment [Table Text Block]
Property, plant and equipment as of June 30, 2013 and December 31, 2012 consisted of the following:
 
China Dredging
 
 
 
June 30, 2013
 
December 31, 2012
 
 
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
Dredgers
 
$
73,754,961
 
$
72,657,534
 
Motor vehicles
 
 
555,839
 
 
85,971
 
Machinery
 
 
86,339
 
 
41,235
 
Office equipment
 
 
32,787
 
 
7,950
 
 
 
 
74,429,926
 
 
72,792,690
 
Less: Accumulated depreciation
 
 
(32,045,135)
 
 
(28,227,208)
 
 
 
$
42,384,791
 
$
44,565,482
 
Merchant Supreme Co Ltd [Member]
 
Property, Plant and Equipment [Table Text Block]
Merchant Supreme
 
 
 
June 30, 2013
 
December 31, 2012
 
 
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
Externally purchased fishing vessels
 
$
21,518,850
 
$
20,934,880
 
Office and other equipment
 
 
140,166
 
 
134,684
 
Fishing vessels under construction
 
 
32,857,805
 
 
17,436,515
 
 
 
 
54,516,821
 
 
38,506,079
 
Less: Accumulated depreciation
 
 
(2,942,841)
 
 
(1,364,173)
 
 
 
$
51,573,980
 
$
37,141,906