Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Changes in Shareholders' Equity

v3.6.0.2
Consolidated Statements of Changes in Shareholders' Equity - USD ($)
Total
Ordinary Shares
Additional Paid-in Capital
(Accumulated Deficit) Retained Earnings
Statutory Reserve
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interest
Balance at Dec. 31, 2013 $ 64,841,435 $ 79,055 $ 117,525,377 $ (63,654,445) $ 6,412,892 $ 4,478,556
Balance (in shares) at Dec. 31, 2013   79,055,053          
Net income/loss 85,760,705 85,760,705
Dividend declared (790,550) (790,550)
Foreign currency translation adjustment (552,656) (552,656)
Balance at Dec. 31, 2014 149,258,934 $ 79,055 117,525,377 21,315,710 6,412,892 3,925,900
Balance (in shares) at Dec. 31, 2014   79,055,053          
Net income/loss 19,558,402 18,352,917 1,205,485
Dividend declared (2,371,652) (2,371,652)
Foreign currency translation adjustment (8,628,162) (8,080,769) (547,393)
Sale of non-controlling interest in subsidiary 65,228,381 49,688,788 (171,482) 15,711,075
Acquisition of fishing vessels from related parties (56,206,080) (56,206,080)
Appropriation to statutory reserve (2,978,935) 2,978,935
Balance at Dec. 31, 2015 166,839,823 $ 79,055 111,008,085 34,318,040 9,391,827 (4,326,351) 16,369,167
Balance (in shares) at Dec. 31, 2015   79,055,053          
Net income/loss (14,677,311) (13,717,623) (959,688)
Dividend declared (3,162,202) (3,162,202)
Foreign currency translation adjustment (9,288,056) (8,552,700) (735,356)
Balance at Dec. 31, 2016 $ 139,712,254 $ 79,055 $ 111,008,085 $ 17,438,215 $ 9,391,827 $ (12,879,051) $ 14,674,123
Balance (in shares) at Dec. 31, 2016   79,055,053