Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Changes in Shareholders' Equity

v3.8.0.1
Consolidated Statements of Changes in Shareholders' Equity - USD ($)
Total
Ordinary Shares
Additional Paid-in Capital
(Accumulated Deficit) Retained Earnings
Statutory Reserve
Accumulated Other Comprehensive Income (Loss)
Non-controlling Interest
Balance at Dec. 31, 2014 $ 149,258,934 $ 79,055 $ 117,525,377 $ 21,315,710 $ 6,412,892 $ 3,925,900
Balance (in shares) at Dec. 31, 2014   79,055,053          
Sale of non-controlling interest in subsidiary 65,228,381 49,688,788 (171,482) 15,711,075
Acquisition of fishing vessels from related party (56,206,080) (56,206,080)  
Net income (loss) 19,558,402 18,352,917 1,205,485
Appropriation to statutory reserve (2,978,935) 2,978,935
Dividend declared (2,371,652) (2,371,652)
Foreign currency translation adjustment (8,628,162) (8,080,769) (547,393)
Balance at Dec. 31, 2015 166,839,823 $ 79,055 111,008,085 34,318,040 9,391,827 (4,326,351) 16,369,167
Balance (in shares) at Dec. 31, 2015   79,055,053          
Net income (loss) (14,677,311) (13,717,623) (959,688)
Dividend declared (3,162,202) (3,162,202)  
Foreign currency translation adjustment (9,288,056) (8,552,700) (735,356)
Balance at Dec. 31, 2016 139,712,254 $ 79,055 111,008,085 17,438,215 9,391,827 (12,879,051) 14,674,123
Balance (in shares) at Dec. 31, 2016   79,055,053          
Acquisition of fishing vessels from related party (29,325,486) (29,325,486)  
Net income (loss) 32,520,131 29,659,693 2,860,438
Appropriation to statutory reserve (3,586,516) 3,586,516  
Dividend declared (3,162,203) (3,162,203)
Foreign currency translation adjustment 7,760,460 7,147,162 613,298
Balance at Dec. 31, 2017 $ 147,505,156 $ 79,055 $ 81,682,599 $ 40,349,189 $ 12,978,343 $ (5,731,889) $ 18,147,859
Balance (in shares) at Dec. 31, 2017   79,055,053