SEGMENT REPORTING

3 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

13. SEGMENT REPORTING

ASC 280, “Segment Reporting”, establishes standards for reporting information about operating segments on a basis consistent with the Company's internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for details on the Company's business segments.

The Company's chief operating decision maker has been identified as the Chief Executive Officer who reviews the financial information of separate operating segments when making decisions about allocating resources and assessing performance of the group. Based on management's assessment, the Company has determined that it has three operating segments: shipping agency and ship management services, shipping and chartering services, and in land transportation management services.

The following tables present summary information by segment for the three months ended September 30, 2014 and 2013, respectively: 

	For the three months Ended September 30, 2014
	Shipping Agency and Ship Management Services		Shipping & Chartering Services		Inland Transportation Management Services		Total
Revenues	$	1,659,291	$	-	$	946,634	$	2,605,925
Cost of revenues	$	1,283,505	$	-	$	125,648	$	1,409,153
Gross profit	$	375,786	$	-	$	820,986	$	1,196,772
Depreciation and amortization	$	52,744	$	-	$	2,816	$	55,560
Total capital expenditures	$	15,339	$	-	$	-	$	15,339
Total assets	$	5,300,982	$	-	$	2,290,392	$	7,591,374

	For the three months Ended September 30, 2013
	Shipping Agency and Ship Management Services		Shipping & Chartering Services		Inland Transportation Management Services		Total
Revenues	$	1,430,661	$	1,887,000	$	-	$	3,317,661
Cost of revenues	$	1,112,803	$	1,275,000	$	-	$	2,387,803
Gross profit	$	317,858	$	612,000	$	-	$	929,858
Depreciation and amortization	$	27,342	$	233	$	-	$	27,575
Total capital expenditures	$	3,399	$	-	$	-	$	3,399
Total assets	$	6,024,155	$	1,102,185	$	-	$	7,126,340