|6 Months Ended|
Jun. 30, 2017
|Subsequent Events [Abstract]|
NOTE 16 – SUBSEQUENT EVENTS
On July 14, 2017, the Company’s Board of Directors declared a cash dividend of $0.01 per share to the Company’s common stock shareholders of record on July 31, 2017.
On July 27, 2017, the Company entered into a strategic cooperation framework agreement with JD.com, one of China’s largest e-commerce retailers. Pursuant to the Agreement, JD will become the exclusive online retailer for the Company to sell its fishing products, and the Company will serve as JD’s sole supplier for ribbonfish, tiger prawn and conger eel products harvested from the Arafura Sea, the Bay of Bengal and the Indo-Pacific Waters. JD and the Company will work together on the continuous innovation of the online seafood retail business model to achieve enhanced marketing and continued growth.
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
Reference 1: http://www.xbrl.org/2003/role/presentationRef