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MAJOR SUPPLIERS
9 Months Ended
Sep. 30, 2012
MAJOR SUPPLIERS  
MAJOR SUPPLIERS

NOTE 15 - MAJOR SUPPLIERS

 

During the three-month and nine-month periods ended September 30, 2012, the Company purchased 83.6% and 83.5% of its raw materials from its top five suppliers, respectively. As of September 30, 2012, amounts due to those suppliers included in accounts payable were $2,979,273. During the three-month and nine-month periods ended September 30, 2011, the Company purchased 80.0% and 81.1% of its raw materials from its top five suppliers, respectively. As of September 30, 2011, amounts due to those suppliers included in accounts payable were $6,927,770. This concentration makes the Company vulnerable to a near-term severe impact, should the relationships be terminated.