Quarterly report pursuant to Section 13 or 15(d)

Other Receivables

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Other Receivables
 9 Months Ended
Sep. 30, 2017
Other Receivables [Abstract]  
OTHER RECEIVABLES

NOTE 5 – OTHER RECEIVABLES

 

At September 30, 2017 and December 31, 2016, other receivables consisted of the following:

 

    September 30,
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     195,115       93,009  
    $ 270,115     $ 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.