Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Details)

v2.4.1.9
Summary of Significant Accounting Policies (Details) (USD $)
Dec. 31, 2014
Dec. 31, 2013
ASSETS    
Cash $ 12,352,423us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents $ 7,736,309us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
Accounts receivable, net of allowance for doubtful accounts 49,999,712us-gaap_AccountsAndOtherReceivablesNetCurrent 9,133,130us-gaap_AccountsAndOtherReceivablesNetCurrent
Other receivable 168,165us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables 11,632us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
Inventories, net of reserve for obsolete inventories 12,123,405us-gaap_InventoryNet 9,095,736us-gaap_InventoryNet
Prepaid expenses 22,518,097us-gaap_PrepaidExpenseCurrentAndNoncurrent 4,306,753us-gaap_PrepaidExpenseCurrentAndNoncurrent
Prepaid expenses - related parties 7,319,975pme_PrepaidExpensesRelatedPartyCurrent   
Deferred expenses - related parties 1,029,114pme_DeferredExpensesRelatedParties   
Long-term investment 19,385,843us-gaap_LongTermInvestments 3,468,953us-gaap_LongTermInvestments
Prepayment for long-term assets 13,750,102pme_PrepaymentForLong-TermAssets 33,985,148pme_PrepaymentForLong-TermAssets
Property, plant and equipment, net 84,690,748us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment 75,623,422us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
TOTAL ASSETS 223,337,584us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets 143,361,083us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
LIABILITIES    
Accounts payable 1,181,977us-gaap_AccountsPayableCurrentAndNoncurrent 2,184,964us-gaap_AccountsPayableCurrentAndNoncurrent
Accounts payable - related parties 2,601,314us-gaap_AccountsPayableRelatedPartiesCurrentAndNoncurrent 13,807,605us-gaap_AccountsPayableRelatedPartiesCurrentAndNoncurrent
Advances from customers 164,724us-gaap_CustomerAdvancesAndDepositsCurrent 297,034us-gaap_CustomerAdvancesAndDepositsCurrent
Bank loans 87,847,577us-gaap_BankLoans 83,837,157us-gaap_BankLoans
Accrued liabilities and other payables 5,580,962us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable 4,423,847us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilitiesAccountsPayable
Deferred grant income    520,045us-gaap_DeferredRevenueCurrent
TOTAL LIABILITIES $ 97,376,554us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities $ 105,070,652us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities