ADVANCE TO SUPPLIERS - Note 7

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

ADVANCE TO SUPPLIERS - Note 7

NOTE 7 — ADVANCE TO SUPPLIERS

As of March 31, 2012 and December 31, 2011, the Company's advance to suppliers consisted of the following:

	March 31, 2012		December 31, 2011
	(Unaudited)		(Audited)
Yuechangrui	$	-	$	7,399,939
Media Tak Inc.		124,392		-
Nivs International (H.K) Limited		3,581,000		-
Maxtop Asia Pacific Limited		200,000		-
Dole SA		500,000		-
Shenzhen Chuangjie Supply Chain Co., Ltd.		111,303		-
Jiangxi TongGuJiangQian		2,703,335		478,000
Foshan Import and Export		-		129,384
Dewav Technology		365,650		877,650
Qualcomm		145,729		101,181
Konka		79,852		79,852
Other - multiple vendors of various amounts		833,007		644,401
Total advance to suppliers	$	8,644,268	$	9,834,017