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Note 14 - Major Customers and Vendors
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3 Months Ended |
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Mar. 31, 2012
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| Concentration Risk Disclosure [Text Block] |
Note
14 – Major Customers and Vendors
For
the three months ended March 31, 2012, four customers
accounted for approximately 45%, 22%, 20% and 12% of sales,
respectively. At March 31, 2012, the total
accounts receivable balance due from these four customers
was $6,289,111.
For
the three months ended March 31, 2012, three vendors
accounted for approximately 28%, 21% and 10% of the
Company’s purchase of raw materials. At March 31,
2012, the total payable to these vendors was approximately
$795,317
For
the three months ended March 31, 2011, two customers
accounted for approximately 13% and approximately 10% of
sales, respectively. At March 31, 2011, the total receivable
balance due from these customers was approximately
$26,162,920.
For
the three months ended March 31, 2011, one vendor accounted
for 16% of the Company’s purchases of raw materials. At
March 31, 2011, the total payable to this vendor was
approximately $2,054,741.
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