Bank Loans (Details Textual) - USD ($) |
3 Months Ended | 9 Months Ended | 12 Months Ended | ||
|---|---|---|---|---|---|
Sep. 30, 2019 |
Sep. 30, 2018 |
Sep. 30, 2019 |
Sep. 30, 2018 |
Dec. 31, 2018 |
|
| Bank Loans (Textual) | |||||
| Weighted average interest rate for short-term bank loans | 6.60% | 5.40% | 6.60% | 5.40% | |
| Weighted average interest rate for long-term bank loans | 4.90% | 5.10% | 4.90% | 5.10% | |
| Interest expense | $ 2,328,884 | $ 629,890 | $ 4,012,965 | $ 1,488,332 | |
| Capitalized to construction-in-progress | $ 213,514 | $ 367,917 | $ 321,333 | $ 568,790 | |
| Fujian Haixia Bank [Member] | Due on November 4, 2019 [Member] | |||||
| Bank Loans (Textual) | |||||
| Annual interest rate | 6.96% | 6.96% | |||
| Debt instrument, maturity date | Nov. 04, 2019 | ||||
| Short-term debt, Description | Collateralized by Hong Long’s 5 fishing vessels and 7 real estate properties of Ping Lin and Ying Liu. | ||||
| Fujian Haixia Bank [Member] | Due on November 14, 2019 [Member] | |||||
| Bank Loans (Textual) | |||||
| Annual interest rate | 4.287% | 4.287% | |||
| Debt instrument, maturity date | Nov. 14, 2019 | ||||
| Short-term debt, Description | Collateralized by Hong Long’s 5 fishing vessels and 7 real estate properties of Ping Lin and Ying Liu. | ||||
| China Development Bank [Member] | |||||
| Bank Loans (Textual) | |||||
| Annual interest rate | 5.145% | 5.145% | 5.145% | ||
| Debt instrument, maturity date | Nov. 27, 2023 | Nov. 27, 2023 | |||
| Long-term debt, Description | Guaranteed by Xinrong Zhuo, Honghong Zhuo, Mr. and Mrs. Zhiyan Lin and 17 fishing vessels, the debt ratio of borrower should not be higher than 80% | Guaranteed by Xinrong Zhuo, Honghong Zhuo, Mr. and Mrs. Zhiyan Lin and 17 fishing vessels, the debt ratio of borrower should not be higher than 80% | |||
| China Development Bank One [Member] | |||||
| Bank Loans (Textual) | |||||
| Annual interest rate | 5.39% | 5.39% | |||
| Debt instrument, maturity date | Jul. 30, 2026 | ||||
| Long-term debt, Description | Guaranteed by Xinrong Zhuo, 11 fishing vessels and 6 Honglong’s fishing vessels, real estate of Mingguang Wanhao Property co., LTD., totaled area 22,123.50㎡, the debt ratio of borrower should not be higher than 80% | ||||
| Export-Import Bank of China [Member] | |||||
| Bank Loans (Textual) | |||||
| Annual interest rate | 4.75% | 4.75% | |||
| Debt instrument, maturity date | Aug. 28, 2020 | ||||
| Long-term debt, Description | Guaranteed by Hong Long, Xinrong Zhuo and Ping Lin. | ||||
| Export-Import Bank of China One [Member] | |||||
| Bank Loans (Textual) | |||||
| Annual interest rate | 4.90% | 4.90% | 4.90% | ||
| Debt instrument, maturity date | Jan. 30, 2023 | Jan. 30, 2023 | |||
| Long-term debt, Description | Guaranteed by Xinrong Zhuo and Ping Lin and collateralized by 2 fishing vessels and collateralized by two related parties' investments in equity interest of one PRC local banks. | Guaranteed by Xinrong Zhuo and Ping Lin and collateralized by 2 fishing vessels and collateralized by two related parties' investments in equity interest of one PRC local banks. | |||
| Export-Import Bank of China Two [Member] | |||||
| Bank Loans (Textual) | |||||
| Annual interest rate | 4.949% | 4.949% | 4.949% | ||
| Debt instrument, maturity date | Mar. 28, 2025 | Mar. 28, 2025 | |||
| Long-term debt, Description | Guaranteed by Hong Long, Xinrong Zhuo, Ping Lin and collateralized by 20 fishing vessels. | Guaranteed by Hong Long, Xinrong Zhuo, Ping Lin and collateralized by 20 fishing vessels. | |||
| Export-Import Bank of China Three [Member] | |||||
| Bank Loans (Textual) | |||||
| Annual interest rate | 4.75% | 4.75% | |||
| Debt instrument, maturity date | Sep. 30, 2020 | ||||
| Long-term debt, Description | Guaranteed by Hong Long, Xinrong Zhuo, Ping Lin and collateralized by equity investment of 67 million shares of Honglong in Xiamen International Bank. | ||||
| Export-Import Bank of China Four [Member] | |||||
| Bank Loans (Textual) | |||||
| Annual interest rate | 4.70% | 4.70% | |||
| Debt instrument, maturity date | Aug. 21, 2026 | ||||
| Long-term debt, Description | Guaranteed by Pin Lin, Xinrong Zhuo and Yaohua Zhuo, 15 fishing vessels, the Land Use Right of B2 plot in central business district on the north shore of Minjiang river. | ||||