| Schedule of Short-term Debt [Table Text Block] |
As of December 31, 2013 and 2012, the Company’s short and long-term loans consisted of the following items: | | | December 31, | | | | | 2013 | | | 2012 | | | | | | | | | | | | | Classified by financial institutions: | | | | | | | | | | Industrial and Commercial Bank of China | | $ | - | | | $ | 14,390,323 | | | Fujian Haixia Bank | | | 9,085,353 | | | | 7,133,120 | | | China Minsheng Banking Corporation Limited | | | - | | | | 3,645,817 | | | | | $ | 9,085,353 | | | $ | 25,169,260 | | | | | | | | | | | | | Additional information: | | | | | | | | | | Maximum balance outstanding during the year | | $ | 25,169,260 | | | $ | 25,169,260 | | | Interest expense for the years ended December 31, 2013 and 2012 | | $ | 1,229,965 | | | $ | 1,873,866 | | | Weighted average interest rate | | | 8.7 | % | | | 4.8 | % | |
| Schedule of Long-term Debt Instruments [Table Text Block] |
Term Loans consist of the following: | | | December 31, | | | | | 2013 | | | 2012 | | | | | | | | | | | | | China Minsheng Banking Corporation Limited, Fuzhou Branch | | $ | 14,829,774 | | | $ | 20,028,216 | | | Fujian Haixia Bank, Fuzhou Hualin Branch | | | 3,303,764 | | | | 4,755,413 | | | The Export-Import Bank of China, Fujian Branch | | | 46,706,972 | | | | - | | | China Development Bank, Fujian Branch | | | 9,911,294 | | | | - | | | | | $ | 74,751,804 | | | $ | 24,783,629 | | | Less: Current portion | | | (20,252,077) | | | | (8,094,308) | | | Long-term debt | | $ | 54,499,727 | | | $ | 16,689,321 | | | | | | | | | | | | | Additional information: | | | | | | | | | | Weighted average interest rate | | | 6.8 | % | | | 7.9 | % | |
| Schedule of Maturities of Long-term Debt [Table Text Block] |
A summary of the principal payments for the outstanding term loans during the following eight fiscal years is as follows: | | | | | | | | | | | | | | | | | | | | | | Total | | | | | | | | | Principal payment due during | | | | | | | | outstanding | | | Name of bank | | Collateral | | Term of loans | | 2014 | | 2015 | | 2016 | | 2017 | | 2018-2021 | | loan amount | | | | | | | | | | | | | | | | | | | | | | | | | | | | China Minsheng
Banking
Corporation
Limited, Fuzhou
Branch | | Pingtan Fishing’s
and Hong Long’s
fishing vessels
and guaranteed
by Xinrong
Zhuo | | May 4, 2012 to
March 16, 2015 | | $ | 6,095,446 | | $ | 3,047,723 | | $ | - | | $ | - | | $ | - | | $ | 9,143,169 | | | | | | | | | | | | | | | | | | | | | | | | | | | | China Minsheng
Banking
Corporation
Limited, Fuzhou
Branch | | Pingtan Fishing’s
and Hong Long’s
fishing vessels
and guaranteed
by Xinrong
Zhuo | | June 15, 2012 to
March 16, 2015 | | | 1,486,694 | | | 743,347 | | | - | | | - | | | - | | | 2,230,041 | | | | | | | | | | | | | | | | | | | | | | | | | | | | China Minsheng
Banking
Corporation
Limited, Fuzhou
Branch | | Pingtan Fishing’s
and Hong Long’s
fishing vessels
and guaranteed
by Xinrong
Zhuo | | June 29, 2012 to
March 16, 2015 | | | 2,304,376 | | | 1,152,188 | | | - | | | - | | | - | | | 3,456,564 | | | | | | | | | | | | | | | | | | | | | | | | | | | | Fujian Haixia Bank,
Fuzhou Hualin
Branch | | Guaranteed by
Xinrong Zhuo | | April 25, 2012 to
March 22, 2015 | | | 1,651,882 | | | 1,651,882 | | | - | | | - | | | - | | | 3,303,764 | | | | | | | | | | | | | | | | | | | | | | | | | | | | The Export-Import
Bank of China | | Hong Long’s
investment in
equity interest
of a PRC
local bank | | July 5, 2013 to
December 10,
2017 | | | 3,386,359 | | | 4,724,383 | | | 5,418,174 | | | 6,111,965 | | | - | | | 19,640,881 | | | | | | | | | | | | | | | | | | | | | | | | | | | | The Export-Import
Bank of China | | Hong Long’s
investment in
equity interest
of a PRC
local bank | | July 5, 2013 to
December 10,
2017 | | | 123,891 | | | 181,707 | | | 198,226 | | | 214,745 | | | - | | | 718,569 | | | | | | | | | | | | | | | | | | | | | | | | | | | | The Export-Import
Bank of China | | Fujian International
Trading and
Transportation
Company Ltd’s
investment in
equity interest
of a PRC local
bank | | July 5, 2013 to
December 10,
2017 | | | 660,753 | | | 925,054 | | | 1,024,167 | | | 1,172,836 | | | - | | | 3,782,810 | | | | | | | | | | | | | | | | | | | | | | | | | | | | The Export-Import
Bank of China | | Guarantee of
Hong Long | | July 5, 2013 to
December 10,
2017 | | | 3,270,727 | | | 4,592,233 | | | 5,219,948 | | | 2,775,162 | | | - | | | 15,858,070 | | | | | | | | | | | | | | | | | | | | | | | | | | | | The Export-Import
Bank of China | | Fujian International
Trading and
Transportation
Company Ltd’s
investment in
equity interest
of a PRC local
bank | | September 29,
2013 to December
10, 2017 | | | 82,594 | | | 99,113 | | | 132,151 | | | 148,669 | | | - | | | 462,527 | | | | | | | | | | | | | | | | | | | | | | | | | | | | The Export-Import
Bank of China | | Hong Long’s
investment in
equity interest
of a PRC
local bank | | September 29,
2013 to
December 10,
2017 | | | 214,745 | | | 297,339 | | | 363,414 | | | 379,933 | | | - | | | 1,255,431 | | | | | | | | | | | | | | | | | | | | | | | | | | | | The Export-Import
Bank of China | | Hong Long’s
investment in
equity interest
of a PRC
local bank | | September 29,
2013 to
December 10,
2017 | | | - | | | - | | | - | | | 2,659,531 | | | - | | | 2,659,531 | | | | | | | | | | | | | | | | | | | | | | | | | | | | The Export-Import
Bank of China
Fujian Branch | | Pingtan Fishing’s
investment in
equity interest
of a PRC
local bank | | September 29,
2013 to
December 10,
2017 | | | 396,451 | | | 561,640 | | | 660,753 | | | 710,309 | | | - | | | 2,329,153 | | | | | | | | | | | | | | | | | | | | | | | | | | | | China Development
Bank Fujian
Branch | | Guaranteed by
Xinrong Zhuo,
Honghong Zhuo,
Mrs. and Mr.
Zhiyan Lin and
14 fishing vessels
under construction | | November 28,
2013 to
November 27,
2021 | | | 578,159 | | | 1,156,318 | | | 1,238,912 | | | 1,404,100 | | | 5,533,805 | | | 9,911,294 | | | | | | | | | $ | 20,252,077 | | $ | 19,132,927 | | $ | 14,255,745 | | $ | 15,577,250 | | $ | 5,533,805 | | $ | 74,751,804 | | |