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CONCENTRATION OF RISKS
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3 Months Ended |
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Jun. 30, 2011
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| Risks and Uncertainties | |
| Concentration Risk Disclosure [Text Block] | 12. CONCENTRATION OF RISKS The Company maintains certain bank accounts in the PRC which are not protected by FDIC insurance or other insurance. Cash balances held in PRC bank accounts were $71,692,565 and $81,738,623 as of June 30, 2011 and December 31, 2010, respectively. As of June 30, 2011 and December 31, 2010, the Company held $2,352,129 and $29,379,473of cash balances within the United States of which $2,070,000 and $28,540,747 was in excess of FDIC insurance limits, respectively. One major customer accounted for 10.6% of the net revenue for the three months ended June 30, 2011. At June 30, 2011, the total receivable balance due from this customer was $2,763,209 representing 14.2% of total accounts receivable. For the six months ended June 30, 2011, there were no customer concentration greater than or equal to 10% of the net revenue. For the three and six months ended June 30, 2010, there were no customer concentration greater than or equal to 10% of the net revenue. There were no supplier concentration greater than or equal to 10% of total purchases for the three and six months ended June 30, 2011. One major supplier accounted for 10.1% of the total purchases for the three months ended June 30, 2010. At June 30, 2010, the total accounts payable balance to this supplier was $263,608 representing 14.4% of total accounts payable There were no supplier concentration greater than or equal to 10% of total purchases for the six months ended June 30, 2010. |