Trade Receivables, Net

3 Months Ended

Jun. 30, 2011

Trade Receivables, Net [Text Block]

5. Trade receivables, net

		June 30,			December 31,
		2011			2010
		(Unaudited)
Trade receivables	$	34,398,163		$	27,005,255
Less : Allowance for doubtful accounts		(1,117,476	)		(1,353,375	)
	$	33,280,687		$	25,651,880

As of June 30, 2011 and December 31, 2010, the Company’s trade receivables of $18,162,620 and $5,922,542, respectively, were pledged as collateral under certain loan and guarantee arrangements (Note 12).

An analysis of the allowance for doubtful accounts for the six months ended June 30, 2011 and year ended December 31, 2010 is as follows :-

		Six months ended June 30,
		(unaudited)
		2011			2010
Balance at beginning of period	$	1,353,375		$	598,215
(Reversal of)/Provision for doubtful accounts		(259,317	)		322,632
Translation adjustments		23,418			3,751
Balance at end of period	$	1,117,476		$	924,598