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ADVANCES FROM CUSTOMERS
12 Months Ended
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       $ -