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16. CUSTOMER CONCENTRATION
6 Months Ended
Jun. 30, 2013
Risks and Uncertainties [Abstract]  
16. CUSTOMER CONCENTRATION

NOTE 16 – CUSTOMER CONCENTRATION

 

The Company sells a substantial portion of its products to a limited number of customers.  During the three-month and six-month periods ended June 30, 2013, the Company sold 40.0% and 40.3% of its products to its top five customers, respectively. As of June 30, 2013, amounts due from these customers were $16,955,022. During the three-month and six-month periods ended June 30, 2012, the Company sold 42.8% and 43.4% of its products to its top five customers, respectively. As of June 30, 2012, amounts due from these customers were $19,888,840. This concentration makes the Company vulnerable to a near-term severe impact, should the relationships be terminated.