Annual report pursuant to Section 13 and 15(d)

PROPERTY, PLANT AND EQUIPMENT,NET (Tables)

v2.4.0.8
PROPERTY, PLANT AND EQUIPMENT,NET (Tables)
12 Months Ended
Dec. 31, 2013
Schedule Of Property, Plant and Equipment, Useful Life [Table Text Block]
 
 
December 31,
 
 
 
2013
(As restated)
 
2012
(As restated)
 
 
 
 
 
 
 
 
 
Externally purchased fishing vessels
 
$
61,840,994
 
$
20,587,954
 
Fishing vessels pursuant to capital lease – related party
 
 
26,435,403
 
 
-
 
Office and other equipment
 
 
620,435
 
 
481,610
 
Fishing vessels under construction
 
 
16,272,875
 
 
17,737,182
 
 
 
 
105,169,707
 
 
38,806,746
 
Less: accumulated depreciation
 
 
(3,199,000)
 
 
(1,058,505)
 
 
 
$
101,970,707
 
$
37,748,241