Summary of Significant Accounting Policies (Details Textual) |
3 Months Ended | 9 Months Ended | |||||||||||
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May 03, 2012 |
Sep. 30, 2017
USD ($)
shares
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Sep. 30, 2016
USD ($)
shares
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Sep. 30, 2017
USD ($)
shares
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Sep. 30, 2017
CNY (¥)
shares
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Sep. 30, 2016
USD ($)
shares
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Sep. 30, 2016
CNY (¥)
shares
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Sep. 30, 2017
CNY (¥)
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Dec. 31, 2016
USD ($)
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Dec. 31, 2016
CNY (¥)
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Dec. 31, 2015
USD ($)
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Feb. 15, 2015
USD ($)
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Feb. 15, 2015
CNY (¥)
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Summary of Significant Accounting Policies (Textual) | |||||||||||||
Cash balances | $ 22,251,902 | $ 567,931 | $ 22,251,902 | $ 567,931 | $ 820,396 | $ 11,448,684 | |||||||
Restricted cash | 2,320,360 | $ 2,320,360 | 2,911,922 | ||||||||||
Credit period | 180 days | 180 days | |||||||||||
Allowance for doubtful accounts | 490,566 | $ 490,566 | 252,558 | ||||||||||
Advances to suppliers | 939,162 | 939,162 | 3,969,351 | ||||||||||
Interest costs capitalized | 129,847 | 128,279 | $ 192,268 | 544,984 | |||||||||
Effective income tax rate on estimated profit | 25.00% | 25.00% | 25.00% | ||||||||||
Cumulative undistributed earnings | 206,400,000 | $ 206,400,000 | 179,300,000 | ||||||||||
Shipping and handling costs | 21,981 | 8,399 | 221,843 | 97,786 | |||||||||
Employee benefit costs | 123,925 | 47,727 | 307,376 | 223,123 | |||||||||
Advertising expenses | 21,058 | $ 0 | 50,171 | 27,414 | |||||||||
Cumulative translation adjustment and effect of exchange rate | 924,482 | (284,053) | |||||||||||
Foreign currency exchange rates | $ 1.00 | 1.00 | ¥ 6.6369 | 1.00 | ¥ 6.9370 | ||||||||
Average translation rates | $ 1.00 | ¥ 6.7983 | $ 1.00 | ¥ 6.5792 | |||||||||
Warrants to purchase common stock | shares | 8,966,667 | 8,966,667 | 8,966,667 | 8,966,667 | 8,966,667 | 8,966,667 | |||||||
Entitlement of net profit loss towards fishing vessels by entity, percentage | 100.00% | 100.00% | |||||||||||
Reserve for inventories | $ 2,704,013 | $ 2,704,013 | |||||||||||
China Agriculture Industry Development Fund Co Ltd. [Member] | |||||||||||||
Summary of Significant Accounting Policies (Textual) | |||||||||||||
Percentage of equity interest | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | ||||||||
Agriculture investment | $ 65,000,000 | ¥ 400,000,000 | |||||||||||
PRC [Member] | |||||||||||||
Summary of Significant Accounting Policies (Textual) | |||||||||||||
Cash balances | $ 22,217,605 | $ 22,217,605 | 683,307 | ||||||||||
HONG KONG [Member] | |||||||||||||
Summary of Significant Accounting Policies (Textual) | |||||||||||||
Cash balances | $ 34,297 | $ 34,297 | $ 137,089 |
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- Definition Credit period to customers for purchase of goods. No definition available.
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- Definition Percentage of net profit (loss) entitled towards fishing vessels by the entity. No definition available.
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- References No definition available.
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- Definition Warrants to purchase common stock . No definition available.
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- Definition Accumulated adjustment, net of tax, that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency from the functional currency of the reporting entity, net of reclassification of realized foreign currency translation gains or losses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount charged to advertising expense for the period, which are expenses incurred with the objective of increasing revenue for a specified brand, product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition For an unclassified balance sheet, a valuation allowance for receivables due a company that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The increase (decrease) in cumulative translation adjustment before transfers included in determining net income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of deferred tax liability attributable to taxable temporary differences from undistributed earnings of subsidiaries and other recognized entities not within the country of domicile of the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations applicable to state and local income tax expense (benefit), net of federal tax expense (benefit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The percentage of ownership of common stock or equity participation in the investee accounted for under the equity method of accounting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of interest capitalized during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of inventory reserves for last-in first-out (LIFO) and other inventory valuation methods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Cost of the investment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax, before reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cost (reversal of cost) for pension and other postretirement benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of cash and cash equivalents restricted as to withdrawal or usage. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Cost incurred during the reporting period in transporting goods and services to customers. Includes freight-out costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of consideration paid in advance for supplies that provide economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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