v2.4.0.6
Note 14 - Major Customers and Vendors
 6 Months Ended
Jun. 30, 2012
Concentration Risk Disclosure [Text Block]
Note 14 – Major Customers and Vendors

Below is a table indicating major customers of the Company who account for over 10% of the Company’s total sales. At June 30, 2012, the total accounts receivable balance due from these four customers was $37,922,948.

   
Six months ended June 30
   
Three months ended June 30
 
   
2012
   
2011
   
2012
   
2011
 
Gome
    35 %     26 %     25 %     33 %
Tianhong
    29 %     2 %     38 %     4 %
Reed Sea
    22 %     7 %     22 %     7 %
Suyi
    13 %     4 %     13 %     5 %

Below is a table indicating the Company’s major vendors who account for over 10% of the Company’s total purchases. At June 30, 2012, the total payable to these vendors was approximately $808,669.

   
Six months ended June 30
   
Three months ended June 30
 
   
2012
   
2011
   
2012
   
2011
 
Shimaite
    31 %     -       9 %     -  
Chuangdi
    27 %     -       26 %     -  
Yalesi
    14 %     -       19 %     -  
Hongbo
    -       13 %     -       11 %