TRADE RECEIVABLES

9 Months Ended

Sep. 30, 2011

TRADE RECEIVABLES [Abstract]

TRADE RECEIVABLES

3. TRADE RECEIVABLES

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

	September 30, 2011			December 31, 2010
Trade receivables	$	22,732,532		$	11,367,290
Less allowance for doubtful accounts		(155,000	)		(155,000	)
Trade receivables, net	$	22,577,532		$	11,212,290

Trade receivables serving as collateral for the Company's line of credit with a domestic bank were $13.5 million and $9.4 million at September 30, 2011, and December 31, 2010, respectively (see Note 7).