Quarterly report pursuant to sections 13 or 15(d)

ACCRUED EXPENSES AND OTHER PAYABLES (Tables)

v2.4.0.8
ACCRUED EXPENSES AND OTHER PAYABLES (Tables)
6 Months Ended
Jun. 30, 2013
Pingtan Marine Enterprise [Member]
 
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]
PME
 
 
 
June 30, 2013
 
December 31, 2012
 
 
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
Accrued interest
 
$
204,054
 
$
-
 
Accrued salaries and wages
 
 
20,000
 
 
-
 
Other payables
 
 
132,059
 
 
18
 
 
 
$
356,113
 
$
18
 
China Dredgin [Member]
 
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]
China Dredging
 
 
 
June 30, 2013
 
December 31, 2012
 
 
 
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
Accrued salaries and wages
 
$
160,615
 
$
129,633
 
Accrued staff benefits
 
 
279,467
 
 
253,178
 
Other tax payables
 
 
455,190
 
 
279,126
 
Accrued outsourced dredger services and labor
 
 
1,475,462
 
 
1,564,582
 
Other payables
 
 
199,131
 
 
477,831
 
 
 
$
2,569,865
 
$
2,704,350
 
Merchant Supreme [Member]
 
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]
Merchant Supreme
 
 
 
June 30, 2013
 
December 31, 2012
 
 
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
Accrued salaries and wages
 
$
2,178,017
 
$
673,234
 
Other payables
 
 
7,942,451
 
 
360,532
 
 
 
$
10,120,468
 
$
1,033,766