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CUSTOMER CONCENTRATION
 12 Months Ended
Dec. 31, 2011
CUSTOMER CONCENTRATION

NOTE 18 – CUSTOMER CONCENTRATION

 

The Company sells a substantial portion of its products to a limited number of customers. During the year ended December 31, 2011, the Company sold 42.2% of its products to its top five customers.  At December 31, 2011, amount due from these customers was $9,933,995. During the year ended December 31, 2010, the Company sold 41.7% of its products to its top five customers. At December 31, 2010, amount due from these customers were $10,226,812. During the year ended December 31, 2009, the Company sold 40.1% of its products to its top five customers. At December 31, 2009, amount due from these customers were $5,449,638. This concentration makes the Company vulnerable to a near-term severe impact, should the relationships be terminated.