ACCOUNTS RECEIVABLE - Note 5

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

ACCOUNTS RECEIVABLE - Note 5

NOTE 5 - ACCOUNTS RECEIVABLE

As of March 31, 2012 and December 31, 2011, the Company's accounts receivable consisted of the following:

	March 31, 2012		December 31, 2011
	(Unaudited)		(Audited)
Accounts receivable	$	53,402,208	$	49,798,505
Less: Allowance for doubtful accounts		(898,736)		(827,956)
Accountants receivable, net	$	52,504,472	$	48,970,549