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Note 14 - Major Customers and Vendors
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12 Months Ended |
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Dec. 31, 2011
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| Concentration Risk Disclosure [Text Block] |
Note
14 – Major Customers and
Vendors
For
the year ended December 31, 2011, three customers
accounted for approximately 38%, 13% and 11% of sales,
respectively. At December 31, 2011, the
total accounts receivable balance due from these three
customers was $14,960,215.
For
the year ended December 31, 2011, no supplier accounted
for 10% or more of the Company’s raw material
purchases.
For
the year ended December 31, 2010, two customers accounted
for 14% and 10% of sales, respectively. At December 31,
2010, the total receivable balance due from these
customers was $31,975,551. There was no major customer in
2009.
For
the year ended December 31, 2010, one vendor accounted
for 12% of the Company’s purchases of raw
materials. At December 31, 2010, the total payable to
this vendor was approximately $1,464,061. There was no
major vendor in 2009.
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