Annual report pursuant to Section 13 and 15(d)

Advances to Suppliers and Other Receivables (Details)

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Advances to Suppliers and Other Receivables (Details) - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Advances to Suppliers and Other Receivables [Abstract]    
Prepayments made for fishing nets and spare parts $ 3,969,351 $ 4,093,597
Prepayments made for fish goods (1) [1] 31,900,549
Advances to suppliers $ 3,969,351 $ 35,994,146
[1] According to related signed agreement, the Company has the right to receive refund for these prepayments if the situation of demands and supplies changes. The Company received the refund in full in January and February 2017 (See Note 18). Accordingly, in December 2016, the Company reclassified the advances made to the supplier to other receivables.