Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.5.0.2
Summary of Significant Accounting Policies (Tables)
6 Months Ended
Jun. 30, 2016
Summary of Significant Accounting Policies [Abstract]  
Summary of estimated useful lives of the assets

    Estimated useful life
Fishing vessels   10 - 20 Years
Vehicles   5 Years
Office and other equipment   3 - 5 Years
Schedule of the reconciliation of basic and diluted net (loss) income per share
    Three Months Ended 
June 30,
    Six Months Ended
June 30,
 
    2016     2015     2016     2015  
Net (loss) income available to owners of the company for basic and diluted net (loss) income per share of ordinary stock   $ (4,224,887 )   $ (1,481,996 )   $ (9,325,266 )   $ 6,741,251  
Weighted average ordinary stock outstanding - basic and diluted     79,055,053       79,055,053       79,055,053       79,055,053  
Net (loss) income per ordinary share attributable to owners of the Company - basic and diluted   $ (0.05 )   $ (0.02 )   $ (0.12 )   $ 0.09