Summary of Significant Accounting Policies (Details) |
3 Months Ended | 9 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 04, 2013 |
May 03, 2012 |
Sep. 30, 2021
USD ($)
|
Sep. 30, 2020
USD ($)
|
Sep. 30, 2021
USD ($)
|
Sep. 30, 2020
USD ($)
|
Sep. 30, 2021
CNY (¥)
|
Sep. 30, 2021
HKD ($)
|
Dec. 31, 2020
USD ($)
|
Feb. 15, 2015
USD ($)
|
Feb. 15, 2015
CNY (¥)
|
|
Summary of Significant Accounting Policies (Details) [Line Items] | |||||||||||
Working capital deficit | $ 102,268,349 | $ 102,268,349 | |||||||||
Compensation amount | ¥ 500,000 | $ 500,000 | |||||||||
Restricted cash | 13,018,350 | 13,018,350 | $ 9,912,666 | ||||||||
Allowance for doubtful accounts | 1,168,466 | 1,168,466 | 411,131 | ||||||||
Reserve for inventories | 16,962,451 | 16,962,451 | 16,125,749 | ||||||||
Capitalized interest | $ 183,747 | $ 1,192,672 | |||||||||
Recognized impairment loss | 495,857 | 1,471,223 | |||||||||
Construction-in-progress | 24,472,000 | ||||||||||
Total impairment of assets | 66,694,000 | ||||||||||
Construction costs | 1,471,000 | 1,471,000 | |||||||||
Income tax at the rate | 25.00% | ||||||||||
Shipping and handling costs | 213,891 | 35,397 | 258,311 | 356,490 | |||||||
Employee benefit costs | $ 1,340,598 | $ 606,825 | 2,970,449 | 1,795,348 | |||||||
Cumulative translation adjustment and effect of exchange rate | $ 2,622,688 | $ 935,670 | |||||||||
Description of foreign currency translation | Asset and liability accounts at September 30, 2021 and December 31, 2020 were translated at 6.4854 RMB to $1.00 and at 6.5249 RMB to $1.00, respectively, which were the exchange rates on the balance sheet dates. Equity accounts were stated at their historical rate. The average translation rates applied to the statements of operations for the nine months ended September 30, 2021 and 2020 were 6.4714 RMB and 6.9917 RMB to $1.00, respectively. The average translation rates applied to the statements of operations for three months ended September 30, 2021 and 2020 were 6.4707 RMB and 6.9205 RMB to $1.00, respectively. Cash flows from the Company’s operations are calculated based upon the local currencies using the average translation rate. | ||||||||||
Entitlement of net profit loss towards fishing vessels by entity, percentage | 100.00% | ||||||||||
China Agriculture Industry Development Fund Co., Ltd. [Member] | |||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | |||||||||||
Agriculture investment | $ 65,000,000 | ¥ 400,000,000 | |||||||||
Business Combination [Member] | Pingtan Fishing [Member] | |||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | |||||||||||
Interest, percentage | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | 8.00% | |||||
Minimum [Member] | |||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | |||||||||||
Investment in unconsolidated percentage | 20.00% | ||||||||||
Maximum [Member] | |||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | |||||||||||
Investment in unconsolidated percentage | 50.00% | ||||||||||
PRC [Member] | |||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | |||||||||||
Cash balances | $ 15,716,960 | $ 15,716,960 | 468,273 | ||||||||
Income tax at the rate | 25.00% | ||||||||||
Hong Kong [Member] | |||||||||||
Summary of Significant Accounting Policies (Details) [Line Items] | |||||||||||
Cash balances | $ 39,333 | $ 39,333 | $ 223,660 |