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17. MAJOR SUPPLIERS | 9 Months Ended
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Sep. 30, 2016
Notes to Financial Statements |
17. MAJOR SUPPLIERS | During the three-month and nine-month periods ended September 30, 2016, the Company purchased 56.2% and 55.2% of its raw materials from its top five suppliers, respectively. As of September 30, 2016, amounts due to those suppliers included in accounts payable were $4,104,237. During the three-month and nine-month periods ended September 30, 2015, the Company purchased 58.5% and 57.2% of its raw materials from its top five suppliers, respectively. As of September 30, 2015, amounts due to those suppliers included in accounts payable were $4,320,350. This concentration makes the Company vulnerable to a near-term severe impact, should the relationships be terminated.

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