SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) (USD $)
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3 Months Ended | 6 Months Ended | ||||||
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Jun. 30, 2013
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Jun. 30, 2012
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Jun. 30, 2013
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Jun. 30, 2012
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Revenue | $ 71,909,988 | $ 69,925,881 | [1] | $ 118,318,535 | $ 144,981,615 | [1] | ||
Cost of revenue | (37,453,696) | (36,743,216) | [1] | (67,768,326) | (74,474,445) | [1] | ||
Net (loss)/income attributable to the Company | 24,777,753 | 21,340,811 | [1] | 38,560,294 | 48,197,267 | [1] | ||
Wonder Dredging [Member]
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Revenue | 0 | 0 | 0 | 0 | ||||
Cost of revenue | 0 | 0 | 0 | 0 | ||||
Net (loss)/income attributable to the Company | (6,674) | (5,267) | (6,703) | (4,058) | ||||
Fujian Service [Member]
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Revenue | 38,855,181 | 59,594,550 | 59,549,223 | 119,094,081 | ||||
Cost of revenue | (17,249,269) | (27,573,111) | (28,628,115) | (55,595,229) | ||||
Net (loss)/income attributable to the Company | 15,137,209 | 22,535,808 | 21,759,932 | 44,485,545 | ||||
Pingtan Fishing Group [Member]
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Revenue | 21,362,357 | 10,331,331 | 41,031,833 | 25,887,534 | ||||
Cost of revenue | (12,235,475) | (9,170,105) | (26,527,609) | (18,879,216) | ||||
Net (loss)/income attributable to the Company | $ 7,727,927 | $ (383,106) | $ 12,234,219 | $ 4,804,532 | ||||
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