v2.4.0.6
Accounts receivable, trade
 12 Months Ended
Dec. 31, 2011
Accounts receivable, trade

Note 4 - Accounts receivable, trade

 

Accounts receivable as of December 31, 2011 and 2010 consisted of the following:

    2011     2010  
Accounts receivable   $ 19,680,682     $ 55,985,013  
Accounts receivable – related parties     -       49,559  
Trade accounts receivable, net   $ 19,680,682     $ 56,034,572  

 

During the years ended December 31, 2011, 2010 and 2009, the Company wrote off delinquent accounts receivable of $190,840, $1,947,371 and nil, respectively.