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ADVANCES FROM CUSTOMERS | 12 Months Ended
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Dec. 31, 2012
ADVANCES FROM CUSTOMERS [Abstract] |
ADVANCES FROM CUSTOMERS | 10. ADVANCES FROM CUSTOMERS Advances from customers represent prepayments from customers and are recognized as revenue in accordance with the Group's revenue recognition policy. Advances from customers consist of the following and is analyzed as long and short portion respectively:
|  | December 31, |
|  | 2011 |  |  | 2012 |
Customer C |  | $ | 16,119,606 |  |  | $ | 15,532,572 |
Customer I |  |  | - |  |  |  | 6,852,496 |
Customer F |  |  | 7,364,873 |  |  |  | 3,462,084 |
Customer B |  |  | 7,026,172 |  |  |  | - |
Customer A |  |  | 2,211,201 |  |  |  | - |
Customer E |  |  | 2,156,858 |  |  |  | 1,532,632 |
Others |  |  | 3,689,634 |  |  |  | 2,016,454 |
Total |  | $ | 38,568,344 |  |  | $ | 29,396,238 |
Less: Current portion of Advance from customers |  | $ | 26,060,543 |  |  | $ | 29,396,238 |
Long term advance from customers |  | $ | 12,507,801 |  |  | $ | - |

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- Definition The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Concepts (CON) -Number 5 -Paragraph 83, 84 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 8 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6361293&loc=d3e6935-107765 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 13 -Section A Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 605 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 13.A.3(b).Q1(c),(b).Q2,(c).Q3) -URI http://asc.fasb.org/extlink&oid=6600647&loc=d3e214044-122780 + Details
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