ACCOUNTS RECEIVABLE - Note 5

6 Months Ended

Jun. 30, 2012

Notes to Financial Statements

ACCOUNTS RECEIVABLE - Note 5

NOTE 5 - ACCOUNTS RECEIVABLE

As of June 30, 2012 and December 31, 2011, the Company's accounts receivable consisted of the following:

	June 30, 2012		December 31, 2011
	(Unaudited)		(Audited)
Accounts receivable	$	70,662,360	$	49,798,505
Less: Allowance for doubtful accounts		(733,140)		(827,956)
Accountants receivable, net	$	69,929,220	$	48,970,549