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MAJOR SUPPLIERS
12 Months Ended
Dec. 31, 2011
MAJOR SUPPLIERS

NOTE 17 – MAJOR SUPPLIERS

 

During the year ended December 31, 2011, the Company purchased 80.7% of its raw materials from its top five suppliers. At December 31, 2011, amounts due to those suppliers included in accounts payable were $2,883,384.  During the year ended December 31, 2010, the Company purchased 89.1% of its raw materials from its top five suppliers.  At December 31, 2010, amounts due to those suppliers included in accounts payable were $5,126,619.  During the year ended December 31, 2009, the Company purchased 49.5% of its raw materials from its top five suppliers.  At December 31, 2009, amounts due to those suppliers included in accounts payable were $4,016,890. This concentration makes the Company vulnerable to a near-term severe impact, should the relationships be terminated.