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

Summary of Significant Accounting Policies (Details)

v3.22.1
Summary of Significant Accounting Policies (Details)
12 Months Ended
Jan. 01, 2018
Dec. 04, 2013
May 03, 2012
Dec. 31, 2021
USD ($)
Dec. 31, 2021
CNY (¥)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Dec. 27, 2021
USD ($)
Dec. 27, 2021
CNY (¥)
Feb. 15, 2015
USD ($)
Feb. 15, 2015
CNY (¥)
Summary of Significant Accounting Policies (Details) [Line Items]                      
Restricted cash       $ 14,831,138   $ 9,912,666          
Allowance for doubtful accounts       568,710   411,131          
Reserve for inventories       25,893,526   16,125,749          
Prepaid expenses       $ 18,559,252   170,706          
Purchase fuel, description       the Company borrowed $15.8 million from China Everbright Bank to purchase fuel, consumables from three vendors in order to lock the price, avoiding covid-19 pandemic-induced price increases. As of the date of this submission, prepaid expenses to three vendors amounted to $7.0 million. the Company borrowed $15.8 million from China Everbright Bank to purchase fuel, consumables from three vendors in order to lock the price, avoiding covid-19 pandemic-induced price increases. As of the date of this submission, prepaid expenses to three vendors amounted to $7.0 million.            
Capitalized interest       $ 553,927   1,476,240 $ 334,851        
Recognized impairment       $ 6,301,372              
Impairment loss           66,694,253 7,951,635        
Income tax rate percentage       25.00% 25.00%            
PRC income tax rate percentage 25.00%   25.00%                
Shipping and handling costs       $ 408,590   371,611 429,091        
Employee benefit costs       5,635,691   2,557,142 2,955,762        
Advertising expense       $ 15,113   12,178 $ 22        
Description of foreign currency translation       Asset and liability accounts at December 31, 2021 and 2020 were translated at 6.3757 RMB to $1.00 and at 6.5249 RMB to $1.00, respectively, which were the exchange rates on the balance sheet dates. Equity accounts were stated at their historical rate. The average translation rates applied to the statements of operations and comprehensive income (loss) for the years ended December 31, 2021, 2020 and 2019 were 6.3920 RMB, 6.8976RMB and 6.8985RMB to $1.00, respectively. Cash flows from the Company’s operations are calculated based upon the local currencies using the average translation rate.  Asset and liability accounts at December 31, 2021 and 2020 were translated at 6.3757 RMB to $1.00 and at 6.5249 RMB to $1.00, respectively, which were the exchange rates on the balance sheet dates. Equity accounts were stated at their historical rate. The average translation rates applied to the statements of operations and comprehensive income (loss) for the years ended December 31, 2021, 2020 and 2019 were 6.3920 RMB, 6.8976RMB and 6.8985RMB to $1.00, respectively. Cash flows from the Company’s operations are calculated based upon the local currencies using the average translation rate.             
Entitlement of net profit loss towards fishing vessels by entity, percentage   100.00%                  
Minimum [Member]                      
Summary of Significant Accounting Policies (Details) [Line Items]                      
Investment owns percentage       20.00% 20.00%            
Maximum [Member]                      
Summary of Significant Accounting Policies (Details) [Line Items]                      
Investment owns percentage       50.00% 50.00%            
China Agriculture Industry Development Fund Co Ltd. [Member]                      
Summary of Significant Accounting Policies (Details) [Line Items]                      
Equity interest, owned percentage       8.00%              
CHINA [Member]                      
Summary of Significant Accounting Policies (Details) [Line Items]                      
Cash balances       $ 5,512,620   468,273          
HONG KONG [Member]                      
Summary of Significant Accounting Policies (Details) [Line Items]                      
Cash balances       276,888   223,660          
Twelve Fishing Vessels [Member]                      
Summary of Significant Accounting Policies (Details) [Line Items]                      
Recognized impairment       6,301,372              
Huanghai Ship Construction Co., Ltd [Member]                      
Summary of Significant Accounting Policies (Details) [Line Items]                      
Net carrying value           $ 556,000          
Impairment refund amount               $ 92,100,000 ¥ 587,300,000    
Recognized amount       264,000,000              
Impairment received amount       $ 23,200,000 ¥ 147,700,000            
China Agriculture Industry Development Fund Co Ltd. [Member]                      
Summary of Significant Accounting Policies (Details) [Line Items]                      
Agriculture investment                   $ 65,000,000 ¥ 400,000,000
Business Combination [Member] | Pingtan Fishing [Member]                      
Summary of Significant Accounting Policies (Details) [Line Items]                      
Equity interest, acquired percentage                   8.00% 8.00%