XML 37 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 1 - Organization and Summary of Significant Accounting Policies: Concentration of Business and Credit Risk (Policies)
3 Months Ended
Sep. 30, 2012
Concentration of Business and Credit Risk:  
Concentration of Business and Credit Risk

CONCENTRATION OF BUSINESS AND CREDIT RISK

 

Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash and trade accounts receivable. The Company places its cash with high credit quality financial institutions in the U.S. and in China. The majority of the Company’s bank accounts in banks located in the PRC are not covered by any type of protection similar to that provided by the FDIC on funds held in U.S. banks. The Company has not experienced any losses in such accounts.

 

Certain other financial instruments, which subject the Company to concentration of credit risk, consist of accounts and other receivables. The Company does not require collateral or other security to support these receivables. The Company conducts periodic reviews of its customers’ financial condition and customer payment practices to minimize collection risk on accounts receivable.