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15. MAJOR SUPPLIERS | 6 Months Ended
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Jun. 30, 2013
Notes to Financial Statements |
15. MAJOR SUPPLIERS | NOTE 15 – MAJOR SUPPLIERS During the three-month and six-month periods ended June 30, 2013, the Company purchased 83.4% and 82.6% of its raw materials from its top five suppliers, respectively. As of June 30, 2013, amounts due to those suppliers included in accounts payable were $4,289,947. During the three-month and six-month periods ended June 30, 2012, the Company purchased 85.7% and 83.5% of its raw materials from its top five suppliers, respectively. As of June 30, 2012, amounts due to those suppliers included in accounts payable were $3,305,237. This concentration makes the Company vulnerable to a near-term severe impact, should the relationships be terminated.

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