Note 10 - Major Customers and Vendors

9 Months Ended

Sep. 30, 2011

Concentration Risk Disclosure [Text Block]

Note 10 - Major Customers and Vendors

One and two major customers accounted for 28% and 65% (43% and 22% for each) of the Company’s sales for the nine months ended September 30, 2011 and 2010, respectively. One and two major customers accounted for 23% and 59% (34% and 25% for each) of the Company’s sales for the three months ended September 30, 2011 and 2010, respectively. Accounts receivable from these customers amounted to $1,353,453 and $1,279,359 as of September 30, 2011, and December 31, 2010, respectively.

The Company purchased its products from one major vendor during the nine months ended September 30, 2011 and 2010, accounting for 12% and 33% of the purchases, respectively. Three and one major vendor accounted for 42% (17%, 15% and 10%) and 27% of purchases made during the three months ended September 30, 2011 and 2010, respectively. Accounts payable to these vendors were $1,237,516 and $0 as of September 30, 2011, and December 31, 2010, respectively.