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

Property, Plant and Equipment (Details)

v3.22.1
Property, Plant and Equipment (Details)
$ / shares in Units, ¥ in Millions
12 Months Ended
Dec. 31, 2021
USD ($)
$ / shares
Dec. 31, 2021
CNY (¥)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
USD ($)
Property, Plant and Equipment [Line Items]        
Received government subsidy $ 23,400,000 ¥ 151.2    
Depreciation 16,129,686   $ 14,722,446 $ 11,308,882
Net carrying amount $ 199,600,000   227,300,000  
Impairment loss description The Company recognized an impairment (loss) of $6,301,372 for 12 vessels during the year ended December 31, 2021. The impairment loss on vessels was $66,694,253 and $7,951,635 for the years ended 2020 and 2019, respectively. On December 27, 2021, the Company and Huanghai Ship Construction Co., Ltd. (“Huanghai”) entered into an agreement to terminate the building of a krill vessel and Huanghai agreed to refund all of the RMB587.3 million (approximately $92.1 million) of prepayments made by the Company which construction had been previously impaired due to construction issues in 2020. During the first quarter of 2022, the Company received RMB147.7 million (approximately $23.2 million), representing the first quarterly installment payment, from Huanghai. See Note 2 for further details. The Company recognized an impairment (loss) of $6,301,372 for 12 vessels during the year ended December 31, 2021. The impairment loss on vessels was $66,694,253 and $7,951,635 for the years ended 2020 and 2019, respectively. On December 27, 2021, the Company and Huanghai Ship Construction Co., Ltd. (“Huanghai”) entered into an agreement to terminate the building of a krill vessel and Huanghai agreed to refund all of the RMB587.3 million (approximately $92.1 million) of prepayments made by the Company which construction had been previously impaired due to construction issues in 2020. During the first quarter of 2022, the Company received RMB147.7 million (approximately $23.2 million), representing the first quarterly installment payment, from Huanghai. See Note 2 for further details.    
Hong Long’s [Member]        
Property, Plant and Equipment [Line Items]        
Long-term loans (in Dollars per share) | $ / shares $ 75.7      
Deep Ocean’s [Member]        
Property, Plant and Equipment [Line Items]        
Long-term loans (in Dollars per share) | $ / shares $ 20.3      
General and Administrative Expense [Member]        
Property, Plant and Equipment [Line Items]        
Depreciation $ 15,293,544      
Cost of Revenue [Member]        
Property, Plant and Equipment [Line Items]        
Depreciation     $ 11,655,924  
Inventories [Member]        
Property, Plant and Equipment [Line Items]        
Depreciation       $ 7,582,821