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14. MAJOR SUPPLIERS | 6 Months Ended
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Jun. 30, 2014
Notes to Financial Statements |
14. MAJOR SUPPLIERS | During the three-month and six-month periods ended June 30, 2014, the Company purchased 89.7% and 89.6% of its raw materials from its top five suppliers, respectively. As of June 30, 2014, amounts due to those suppliers included in accounts payable were $4,487,708. 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. This concentration makes the Company vulnerable to a near-term severe impact, should the relationships be terminated.

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