Annual report pursuant to Section 13 and 15(d)

Other Receivables

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Other Receivables
12 Months Ended
Dec. 31, 2017
Other Receivables [Abstract]  
OTHER RECEIVABLES

NOTE 5 – OTHER RECEIVABLES

 

At December 31, 2017 and 2016, other receivables consisted of the following:

 

    December 31,
2017
    December 31,
2016
 
Interest receivable   $ -     $ 1,819,258  
Security deposit     75,000       75,000  
Prepayments made for fish goods (1)     -       29,848,189  
Other     198,151       93,009  
    $ 273,151     $ 31,835,456  

 

(1)

According to related signed agreement, the Company has the right to receive refund for these prepayments if the situation of demands and supplies changes. The Company received the refund in full in January and February 2017.