DISCONTINUED OPERATION - EXCALIBUR (Tables)

6 Months Ended

Sep. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]

The following table provides a summary of balance sheet and statement of operations information for Excalibur, which is consolidated in the Company’s financial statements:

	Excalibur International Marine Corporation
	June 30, 2014				December 31, 2013
	NTD*		USD		NTD*		USD
Total assets, net		7,132,128		234,147		8,244,403		275,827
Total liabilities, net		100,485,251		3,298,924		105,326,659		3,523,808
Net assets		(93,353,123)		(3,064,777)		(97,082,256)		(3,247,981)
48.81% ownership		(45,565,659)		(1,495,918)		(47,385,849)		(1,585,340)

Schedule of Realized Gain (Loss) [Table Text Block]

	For the three months ended
	June 30, 2014				June 30, 2013
	NTD*		USD		NTD*		USD
Operating cost		-		(197)		3,534,931		117,848
Selling, general and administrative expenses		13,639		273		995,582		33,120
Interest income		(75)		(2)		(741)		(25)
Interest expense		812,155		26,723		-		-
Foreign exchange (gain)/loss		-		710		(26)		355
(Gain)/loss on disposal of fixed assets		55,119		1,819		-		(6)
Other income		-		-		3,060		703
Net loss		880,838		29,326		4,532,806		151,995
48.81% ownership		429,937		14,314		2,212,463		74,189

	For the six months ended
	June 30, 2014				June 30, 2013
	NTD*		USD		NTD*		USD
Operating cost		1,105,876		36,605		6,998,820		235,096
Selling, general and administrative expenses		1,031,267		34,138		2,250,284		75,590
Interest income		(75)		(2)		(741)		(25)
Interest expense		1,720,802		56,961		-		-
Foreign exchange (gain)/loss		(4,025,712)		(133,257)		(1,380,278)		(46,365)
Gain on disposal of fixed assets		89,626		2,967		25,740		865
Other income		-		-		(2,322,707)		(78,022)
Net (income)/loss		(78,216)		(2,588)		5,571,118		187,139
48.81% ownership		(38,177)		(1,263)		2,719,263		91,343

*NTD: New Taiwan Dollar