Quarterly report pursuant to Section 13 or 15(d)

Advances to Suppliers (Tables)

v3.5.0.2
Advances to Suppliers (Tables)
6 Months Ended
Jun. 30, 2016
Advances to Suppliers [Abstract]  
Schedule of advances to suppliers
    June 30,
2016
    December 31, 
2015
 
Prepayments made for fishing nets and spare parts   $ 3,704,570     $ 4,093,597  
Prepayments made for fish goods (1)     31,167,307       31,900,549  
    $ 34,871,877     $ 35,994,146  

 

(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.