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NOTE 19 - RISK OF CONCENTRATIONS IN SALES AND PURCHASES
12 Months Ended
Dec. 31, 2011
Risks and Uncertainties [Abstract]  
NOTE 19 - RISK OF CONCENTRATIONS IN SALES AND PURCHASES

NOTE 19 – RISK OF CONCENTRATIONS IN SALES AND PURCHASES

 

One major customer accounted for approximately 12% for the Company’s sales for the year ended December 31, 2011. Two major customers accounted for approximately 13% of the Company’s sales for the year ended December 31, 2010. Total sales to these customers were $40,628 and $41,725, for the years ended December 31, 2011 and 2010, respectively.

 

For the year ended December 31, 2011 and 2010, two major vendors accounted for approximately 26% and 67% of the Company’s cost for purchases, respectively. Total purchases from these vendors were $68,052 and $52,860 for the years ended December 31, 2011 and 2010, respectively.

 

Financial instruments which potentially subject the Company to credit risk consist principally of cash on deposit with financial institutions. Management believes that the financial institutions that hold the Company’s cash and cash equivalents are financially sound and minimal credit risk exists with respect to these investments.