Prepayment for Long-Term Assets
|9 Months Ended|
Sep. 30, 2018
|Prepayment for Long-Term Assets [Abstract]|
|PREPAYMENT FOR LONG-TERM ASSETS||
NOTE 8 – PREPAYMENT FOR LONG-TERM ASSETS
At September 30, 2018 and December 31, 2017, prepayment for long-term assets consisted of prepayment for fishing vessels’ construction. The Company reclassifies the prepayment for fishing vessels’ construction to construction-in-progress using the percentage of completion method.
For the nine months ended September 30, 2018, a summary of activities in prepayment for long-term assets was as follows: