Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Shareholders' Equity (Tables)

v3.22.1
Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2021
Stockholders' Equity Note [Abstract]  
Schedule of preferred shares and ordinary shares
    Number of
shares
    Total  
Balance, December 31, 2020    
-
    $
-
 
Issuance of preferred shares1     4,000,000       4,000  
Conversion from preferred shares to ordinary shares     (3,409,078 )     (3,409 )
Redemption of Preferred Shares2     (590,922 )     (591 )
Balance, December 31, 2021    
-
    $
-
 

 

Schedule of ordinary shares
    Number of
shares
    Total  
Balance, December 31, 2020     79,302,428     $ 79,302  
Issuance of ordinary shares1     3,625,954       3,626  
Conversion from preferred shares to ordinary shares     3,805,775       3,806  
Repurchase of ordinary shares2     (793,192 )     (793 )
Balance, December 31, 2021     85,940,965     $ 85,941  

 

Schedule of statutory reserve activities
    Pingtan
Fishing
    Fujian
Heyue
    Total  
Balance - December 31, 2019   $ 14,944,569     $ 804,182     $ 15,748,751  
Addition to statutory reserve     2,961      
-
      2,961  
Balance – December 31, 2020     14,947,530       804,182       15,751,712  
Addition to statutory reserve     126,462      
-
      126,462  
Balance – December 31, 2021   $ 15,073,992     $ 804,182     $ 15,878,174