Annual report pursuant to Section 13 and 15(d)

Property, Plant and Equipment (Tables)

v2.4.1.9
Property, Plant and Equipment (Tables)
12 Months Ended
Dec. 31, 2014
Property, Plant and Equipment [Abstract]  
Scheduled of property, plant and equipment
 
    Useful life     December 31, 2014     December 31, 2013  
Fishing vessels     10 - 20 Years     $ 71,960,318     $ 61,840,994  
Fishing vessels pursuant to capital lease – related party     25 Years       26,435,403       26,435,403  
Vehicle     5 Years       137,273       139,196  
Office and other equipment     3 – 5 Years       1,269,089       481,239  
Fishing vessels under construction     -       19,356,241       16,272,875  
              119,158,324       105,169,707  
Less: accumulated depreciation             (9,177,707 )     (3,199,000 )
            $ 109,980,617     $ 101,970,707