Quarterly report pursuant to sections 13 or 15(d)

CAPITAL (Tables)

v2.4.0.8
CAPITAL (Tables)
6 Months Ended
Jun. 30, 2013
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]
A summary of all Warrants outstanding as of June 30, 2013 and actions relating thereto during the period then ended is presented below:
 
 
 
June 30, 2013
 
 
 
(Unaudited)
 
 
 
 
 
 
Expected volatility
 
 
89
%
Expected term (in years)
 
 
4.7
 
Risk free rate
 
 
1.41
%
Schedule of Warrants outstanding [Table Text Block]
A summary of all Warrants outstanding as of June 30, 2013 is presented below:
 
 
 
Number of
Warrants
 
Exercise Price
 
Terms
 
 
 
 
 
 
 
 
 
 
 
 
Issued on May 26, 2011 and
  outstanding as of June 30, 2013
 
 
8,966,667
 
$
12.00
 
 
4.7 years
 
China Dredging Group Co Ltd [Member]
 
Retained Earnings and Statutory Reserves [Table Text Block]
China Dredging
 
 
 
June 30, 2013
 
December 31, 2012
 
 
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
Retained earnings
 
$
209,972,814
 
$
183,053,524
 
 
 
 
 
 
 
 
 
Statutory reserves
 
$
15,770,334
 
$
15,386,316
 
Merchant Supreme Co Ltd [Member]
 
Retained Earnings and Statutory Reserves [Table Text Block]
Merchant Supreme
 
 
 
June 30, 2013
 
December 31, 2012
 
 
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
Retained earnings
 
$
48,712,333
 
$
36,537,115
 
 
 
 
 
 
 
 
 
Statutory reserves
 
$
4,000,326
 
$
4,000,326
 
Pingtan Marine Enterprise [Member]
 
Retained Earnings and Statutory Reserves [Table Text Block]
PME
 
 
 
June 30, 2013
 
December 31, 2012
 
 
 
(Unaudited)
 
 
 
 
 
 
 
 
 
 
 
Accumulated losses
 
$
(3,284,651)
 
$
(2,366,419)
 
 
 
 
 
 
 
 
 
Statutory reserves
 
$
-
 
$
-