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15. MAJOR SUPPLIERS | 9 Months Ended
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Sep. 30, 2013
Notes to Financial Statements |
15. MAJOR SUPPLIERS | During the three-month and nine-month periods ended September 30, 2013, the Company purchased 89.9% and 85.5% of its raw materials from its top five suppliers, respectively. As of September 30, 2013, amounts due to those suppliers included in accounts payable were $4,381,537. 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. This concentration makes the Company vulnerable to a near-term severe impact, should the relationships be terminated.

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