Annual report pursuant to Section 13 and 15(d)

Subsequent Events (Details)

v3.21.2
Subsequent Events (Details) - USD ($)
1 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 10, 2021
Sep. 08, 2021
Sep. 02, 2021
Mar. 08, 2021
Feb. 18, 2021
Feb. 07, 2021
Feb. 01, 2021
Jan. 08, 2021
Sep. 15, 2021
Aug. 19, 2021
Jun. 29, 2021
Jun. 17, 2021
Feb. 21, 2021
Jan. 22, 2021
Jan. 20, 2021
Jan. 18, 2021
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Sep. 21, 2021
Aug. 21, 2021
Jul. 21, 2021
Jun. 21, 2021
Jun. 18, 2021
May 12, 2021
Apr. 21, 2021
Mar. 21, 2021
Jan. 29, 2021
Subsequent Events (Details) [Line Items]                                                          
Total impairment of assets                                   $ 67,713,324 $ 7,951,635 $ 9,715,058                  
Subsequent Event [Member]                                                          
Subsequent Events (Details) [Line Items]                                                          
Proceeds from investment                 $ 4,000,000                                        
Cumulative preferred shares                 8.00%                                        
Description of securities                 Each Series A Preferred Share is convertible into the Company’s ordinary shares at a conversion price per share equal to the lesser of (i) $2.00 and (ii) 90% of the lowest volume weighted average price of the ordinary shares on a trading day during the ten trading days prior to the conversion date, but not lower than $0.44, subject to certain adjustments.                                        
Subsequent event, description         the Company sold 3,625,954 ordinary shares at a price of $1.31 per share, and 2,719,464 five-year warrants to purchase ordinary shares at an exercise price of $1.31 per share, in a registered direct offering. The net proceeds to the Company from this offering were approximately $4.35 million. In connection with the offering, the Company engaged Spartan Capital Securities, to act as its exclusive placement agent. In consideration for its placement agent services, the Company paid Spartan Capital Securities, in addition to certain other fees and expenses, warrants to purchase 253,816 ordinary shares of the Company at an exercise price per share of $1.31, subject to adjustment.       From January 8, 2021 until May 27, 2021, the purchasers of preferred shares converted Series A Preferred 8% Cumulative Shares into ordinary shares of the Company pursuant to the terms of the certificate of designation of the Preferred Shares (the “Certificate of Designation”). In addition, 281,909 ordinary shares were issued for $300,000 of preferred dividends. On May 27, 2021, the Company redeemed 590,922 Series A Preferred Shares and repurchased 793,192 ordinary shares that were converted following the failure to file the 10-K from the purchaser. The total consideration was $1,450,000, which included the dividend payable of $52,000 on the preferred shares redeemed. On May 28, 2021, the Company sent an instruction letter to its transfer agent to retire the repurchased ordinary shares and resume the preferred shares to authorized but unissued preferred shares of the Company.                                         
Due date                       Jun. 21, 2028                                  
Repayment of short term loan                           $ 300,000                              
Debt instrument maturity date, description                               January 19 and 20, 2022                          
Subsidy                                                         $ 860,653
Subsidy amount                         $ 389,278                                
Loan amount                       $ 22,500,000                                  
The Export-Import Bank of China [Member] | Subsequent Event [Member]                                                          
Subsequent Events (Details) [Line Items]                                                          
Loan amount           $ 11,000,000                     $ 34,000,000                   $ 5,000,000 $ 6,100,000  
Due date           Feb. 17, 2023                     Jan. 15, 2023                        
Annual interest rate           2.20%                     4.00%                        
Repayment of short term loan                             $ 41,700,000                            
Repayment of long-term loan             $ 4,830,000                                            
Interest                       4.65%                                  
Haixia Bank [Member] | Subsequent Event [Member]                                                          
Subsequent Events (Details) [Line Items]                                                          
Loan amount               $ 2,800,000                                          
Due date               Jan. 20, 2022                                          
Annual interest rate               6.09%               6.09%                          
Forecast [Member]                                                          
Subsequent Events (Details) [Line Items]                                                          
Subsequent event, description     The Company recorded an impairment charge associated with the construction-in-progress of approximately $24,472,000from this vessel in December 2020, which was included in the total impairment of assets of approximately $66,694,000.                                                    
Due date   Jul. 01, 2023   Jul. 01, 2023                                                  
Subsidy amount $ 17,506,169                   $ 229,889                                    
Total impairment of assets     $ 66,694,000                                                    
Forecast [Member] | Subsequent Event [Member]                                                          
Subsequent Events (Details) [Line Items]                                                          
Loan amount                                             $ 700,000            
Series A Preferred Stock [Member] | Subsequent Event [Member]                                                          
Subsequent Events (Details) [Line Items]                                                          
Issuance of shares (in Shares)                 4,000,000                                        
Price per share (in Dollars per share)                 $ 0.001                                        
Subsequent event, description                 Holders of Series A Preferred Shares are entitled to receive cumulative dividends of 8.0% per annum with a minimum guarantee of one year dividends. In connection with the offering, the Company engaged Spartan Capital Securities, LLC to act as its exclusive placement agent. In consideration for its placement agent services, the Company paid Spartan Capital Securities, in addition to certain other fees and expenses, warrants to purchase 149,733 ordinary shares of the Company at an exercise price per share of $1.87, subject to adjustment.                                        
China Development Bank [Member] | Subsequent Event [Member]                                                          
Subsequent Events (Details) [Line Items]                                                          
Loan amount                                               $ 3,800,000 $ 1,000,000 $ 800,000      
The Export-Import Bank of China [Member] | Forecast [Member]                                                          
Subsequent Events (Details) [Line Items]                                                          
Due date                   Jul. 01, 2023                                      
Loan amount   $ 1,100,000   $ 4,100,000           $ 4,400,000                     $ 6,100,000                
Interest   2.20%   2.20%           2.20%                                      
Repayments of long term debt   $ 1,200,000   $ 4,300,000           $ 4,400,000                                      
Maximum [Member] | Haixia Bank [Member] | Subsequent Event [Member]                                                          
Subsequent Events (Details) [Line Items]                                                          
Repayment of short term loan                               $ 29,100,000                          
Minimum [Member] | Haixia Bank [Member] | Subsequent Event [Member]                                                          
Subsequent Events (Details) [Line Items]                                                          
Repayment of short term loan                               $ 12,600,000                          
Short-term loan [Member] | The Export-Import Bank of China [Member] | Forecast [Member]                                                          
Subsequent Events (Details) [Line Items]                                                          
Loan amount                                           $ 400,000              
Long-term bank loan [Member] | The Export-Import Bank of China [Member] | Forecast [Member]                                                          
Subsequent Events (Details) [Line Items]                                                          
Loan amount                                           $ 4,800,000