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MAJOR SUPPLIERS
3 Months Ended
Mar. 31, 2012
MAJOR SUPPLIERS

NOTE 15 – MAJOR SUPPLIERS

 

During the three-month period ended March 31, 2012 and 2011, the Company purchased 80.8% and 85.5% of its raw materials from its top five suppliers, respectively.  As of March 31, 2012 and 2011, amounts due to those suppliers included in accounts payable were $4,038,415 and $6,620,359, respectively. This concentration makes the Company vulnerable to a near-term severe impact, should the relationships be terminated.