CONCENTRATIONS OF RISK (Tables)
 6 Months Ended
Jun. 30, 2012
Customers Account for Ten Percent or More of Revenues and its Outstanding Accounts Receivable

For the three and six months ended June 30, 2012 and 2011, the customers who accounted for 10% or more of the Company’s revenues and its outstanding accounts receivable balances as at period-end dates, are presented as follows:

 

          Three months ended June 30, 2012           June 30, 2012  
Customers        

 

 

Revenues

    

 

Percentage

of revenues

           Accounts and
retention
receivable		  
                               
Customer A         $ 1,341,070       41 %         $ 7,357,048  
Customer B           1,252,399       38 %           1,466,652  
                                         
      Total:     $ 2,593,469       79 %     Total:     $ 8,823,700  

 

          Six months ended June 30, 2012           June 30, 2012  
Customers        

 

 

Revenues

    

 

Percentage

of revenues

           Accounts and
retention
receivable		  
                               
Customer A         $ 1,748,841       39 %         $ 7,357,048  
Customer B           1,252,399       28 %           1,466,652  
                                         
      Total:     $ 3,001,240       67 %     Total:     $ 8,823,700  

 

          Three months ended June 30, 2011           June 30, 2011  
Customers        

 

Revenues

     Percentage
of revenues		           Accounts
receivable		  
                               
Customer A         $ 1,961,891       40 %         $ 6,574,768  
Customer B           1,958,109       40 %           3,871,052  
Customer C           506,981       10 %           277,986  
                                         
      Total:     $ 4,426,981       90 %     Total:     $ 10,723,806  

 

          Six months ended June 30, 2011           June 30, 2011  
Customers        

 

Revenues

     Percentage
of revenues		           Accounts
receivable		  
                               
Customer A         $ 3,078,458       41 %         $ 6,574,768  
Customer B           1,958,109       26 %           3,871,052  
Customer D           1,310,872       18 %           3,783,450  
                                         
      Total:     $ 6,347,439       85 %     Total:     $ 14,229,270  
Concentrations Risk of Company's Purchases and Outstanding Accounts Payable Balances

For the three and six months ended June 30, 2012 and 2011, the vendors who accounted for 10% or more of the Company’s purchases and its outstanding accounts payable balances as at period-end dates, are presented as follows:

 

          Three months ended June 30, 2012           June 30, 2012  
Vendors        

 

Purchases

     Percentage
of purchases		           Accounts
payable		  
                               
Vendor A         $ 1,093,738       44 %         $ 10,495  
Vendor B           622,756       25 %           729,293  
Vendor C           339,938       14 %           317,428  
                                         
      Total:     $ 2,056,432       83 %     Total:     $ 1,057,216  

 

          Six months ended June 30, 2012           June 30, 2012  
Vendors        

 

Purchases

     Percentage
of purchases		           Accounts
payable		  
                               
Vendor A         $ 1,216,076       37 %         $ 10,495  
Vendor B           622,756       19 %           729,293  
Vendor C           339,938       10 %           317,428  
                                         
      Total:     $ 2,178,770       66 %     Total:     $ 1,057,216  

 

          Three months ended June 30, 2011           June 30, 2011  
Vendors        

 

Purchases

     Percentage
of purchases		           Accounts
payable		  
                               
Vendor A         $ 1,955,098       59 %         $ 487,231  
Vendor D           327,328       10 %           448,774  
                                         
      Total:     $ 2,282,426       69 %     Total:     $ 936,005  

 

          Six months ended June 30, 2011           June 30, 2011  
Vendors        

 

Purchases

     Percentage
of purchases		           Accounts
payable		  
                               
Vendor A         $ 3,049,023       57 %         $ 487,231  
Vendor D           681,216       13 %           448,774  
                                         
      Total:     $ 3,730,239       70 %     Total:     $ 936,005