Annual report pursuant to Section 13 and 15(d)

Shareholders' Equity (Tables)

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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2015
Shareholders' Equity [Abstract]  
Summary of warrants outstanding and exercisable

Warrants outstanding     Warrants exercisable  
exercise price     Number outstanding at December 31, 2015     Weighted average remaining contractual life (years)     Weighted average exercise price     number exercisable at December 31, 2015     Weighted average exercise price  
$ 12.00       8,966,667       2.2     $ 12.00       8,966,667     $ 12.00  
Schedule of statutory reserve activities

    Pingtan Fishing     Fujian Heyue     Total  
Balance - December 31, 2013   $ 6,412,892     $ -     $ 6,412,892  
Addition to statutory reserve     -       -       -  
Balance – December 31, 2014     6,412,892       -       6,412,892  
Addition to statutory reserve     2,174,753       804,182       2,978,935  
Balance – December 31, 2015   $ 8,587,645     $ 804,182     $ 9,391,827