Quarterly report pursuant to Section 13 or 15(d)

BANK LOANS (Details 1)

v2.4.0.8
BANK LOANS (Details 1) (USD $)
Sep. 30, 2014
Dec. 31, 2013
Debt Instrument [Line Items]    
Total long-term bank loans $ 71,602,691 $ 74,751,804
Less: current portion (26,895,700) (20,252,077)
Long-term debt 44,706,991 54,499,727
Loan from China Minsheng Bank, due on various dates until March 16, 2015 with annual interest rate of 7.660% at September 30, 2014 and December 31, 2013, collateralized by Pingtan Fishing's and Hong Long's fishing vessels and guaranteed by Xinrong Zhuo
   
Debt Instrument [Line Items]    
Long-term debt 5,996,685 9,143,169
Loan from China Minsheng Bank, due on various dates until March 16, 2015 with annual interest rate of 7.372% at September 30, 2014 and December 31, 2013, collateralized by Pingtan Fishing's and Hong Long's fishing vessels and guaranteed by Xinrong Zhuo
   
Debt Instrument [Line Items]    
Long-term debt 1,462,606 2,230,041
Loan from China Minsheng Bank, due on various dates until March 16, 2015 with annual interest rate of 7.372% at September 30, 2014 and December 31, 2013, collateralized by Pingtan Fishing's and Hong Long's fishing vessels and guaranteed by Xinrong Zhuo
   
Debt Instrument [Line Items]    
Long-term debt 2,267,039 3,456,564
Loan from Fujian Haixia Bank, due on various dates until March 22, 2015 with annual interest rate of 9.310% at September 30, 2014 and December 31, 2013, guaranteed by Xinrong Zhuo
   
Debt Instrument [Line Items]    
Long-term debt 2,437,677 3,303,764
Loan from The Export-Import Bank of China, due on various dates until December 10, 2017 with annual interest rate of 6.400% at September 30, 2014 and December 31, 2013, collateralized by Hong Long's investment in equity interest of a China local bank
   
Debt Instrument [Line Items]    
Long-term debt 19,322,651 19,640,881
Loan from The Export-Import Bank of China, due on various dates until December 10, 2017 with annual interest rate of 6.400% at September 30, 2014 and December 31, 2013, collateralized by Hong Long's investment in equity interest of a China local bank
   
Debt Instrument [Line Items]    
Long-term debt 706,926 718,569
Loan from The Export-Import Bank of China, due on various dates until December 10, 2017 with annual interest rate of 6.400% at September 30, 2014 and December 31, 2013, collateralized by Fujian International Trading and Transportation Co., Ltd.'s investment in equity interest of a China local bank
   
Debt Instrument [Line Items]    
Long-term debt 3,721,520 3,782,810
Loan from The Export-Import Bank of China, due on various dates until December 10, 2017 with annual interest rate of 6.400% at September 30, 2014 and December 31, 2013, guaranteed by Hong Long
   
Debt Instrument [Line Items]    
Long-term debt 15,601,131 15,858,070
Loan from The Export-Import Bank of China, due on various dates until December 10, 2017 with annual interest rate of 6.400% at September 30, 2014 and December 31, 2013, collateralized by Fujian International Trading and Transportation Co., Ltd.'s investment in equity interest of a China local bank
   
Debt Instrument [Line Items]    
Long-term debt 455,033 462,527
Loan from The Export-Import Bank of China, due on various dates until December 10, 2017 with annual interest rate of 6.400% at September 30, 2014 and December 31, 2013, collateralized by Hong Long's investment in equity interest of a China local bank
   
Debt Instrument [Line Items]    
Long-term debt 1,235,090 1,255,431
Loan from The Export-Import Bank of China, due on various dates until December 10, 2017 with annual interest rate of 6.400% at September 30, 2014 and December 31, 2013, collateralized by Hong Long's investment in equity interest of a China local bank
   
Debt Instrument [Line Items]    
Long-term debt 2,616,440 2,659,531
Loan from The Export-Import Bank of China, due on various dates until December 10, 2017 with annual interest rate of 6.400% at September 30, 2014 and December 31, 2013, collateralized by Pingtan Fishing's investment in equity interest of a China local bank
   
Debt Instrument [Line Items]    
Long-term debt 2,291,416 2,329,153
Loan from China Development Bank, due on various dates until November 27, 2023 with annual interest rate of 6.8775% at September 30, 2014 and December 31, 2013, guaranteed by Xinrong Zhuo, Honghong Zhuo, Mr. and Mrs. Zhiyan Lin and 14 fishing vessels under construction
   
Debt Instrument [Line Items]    
Long-term debt 9,750,707 9,911,294
Loan from China Development Bank, due on various dates until January 14, 2024 with annual interest rate of 6.8775% at September 30, 2014 and December 31, 2013, guaranteed by Xinrong Zhuo, Honghong Zhuo, Mr. and Mrs. Zhiyan Lin and 14 fishing vessels under construction
   
Debt Instrument [Line Items]    
Long-term debt 3,250,236 0
Loan from China Development Bank, due on various dates until March 16, 2024 with annual interest rate of 6.8775% at September 30, 2014 and December 31, 2013, guaranteed by Xinrong Zhuo, Honghong Zhuo, Mr. and Mrs. Zhiyan Lin and 14 fishing vessels under construction
   
Debt Instrument [Line Items]    
Long-term debt $ 487,534 $ 0