Quarterly report pursuant to sections 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual)

v2.4.0.8
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) (USD $)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2012
Equity Method Investment, Ownership Percentage 50.00%   50.00%    
Proceeds from private placement of insider warrants         $ 10,012,987
Interest Costs Capitalized 25,220 83,524 25,220 83,524  
China Dredging Group Co Ltd [Member]
         
Pension and Other Postretirement Benefit Expense 28,679 24,758 53,624 47,547  
China Dredging Group Co Ltd [Member] | Maximum [Member]
         
Accounts Receivable Credit Period     120 days    
China Dredging Group Co Ltd [Member] | Minimum [Member]
         
Accounts Receivable Credit Period     30 days    
Merchant Supreme Co Ltd [Member]
         
Accounts Receivable Credit Period     180 days    
Pension and Other Postretirement Benefit Expense 5,268 0 5,268 0  
Interest Costs Capitalized $ 25,220 $ 83,524 $ 25,220 $ 83,524