TRADE RECEIVABLES

6 Months Ended

Jun. 30, 2011

TRADE RECEIVABLES [Abstract]

TRADE RECEIVABLES

3. TRADE RECEIVABLES

Trade receivables, net at June 30, 2011, and December 31, 2010, consisted of the following:

	June 30, 2011			December 31, 2010
Trade receivables	$	17,087,554		$	11,367,290
Less allowance for doubtful accounts		(155,000	)		(155,000	)
Trade receivables, net	$	16,932,554		$	11,212,290

Trade receivables serving as collateral for the Company's line of credit with a domestic bank were $12.9 million and $9.4 million at June 30, 2011, and December 31, 2010, respectively (see Note 7).