NOTE 16 - RISK OF CONCENTRATIONS IN SALES AND PURCHASES

3 Months Ended

Mar. 31, 2012

Risks and Uncertainties [Abstract]

NOTE 16 - RISK OF CONCENTRATIONS IN SALES AND PURCHASES

NOTE 16 – RISK OF CONCENTRATIONS IN SALES AND PURCHASES

One major vendor accounted for approximately 79% and 51% of the Company’s cost for purchases for the Three Months Ended March 31, 2012 and 2011, respectively. Total purchases from the vendor were $ 25,798 and $11,195 for the Three Months Ended March 31, 2012 and 2011, respectively.

One major customer accounted for approximately 13% and two major accounted 17% of the Company’s sales for the three months ended March 31, 2012 and 2011, respectively. Total sales to these customers were $50,919 and $7,369, for the three months ended March 31, 2012 and 2011, respectively.

Financial instruments which potentially subject the Company to credit risk consist principally of cash on deposit with financial institutions. Management believes that the financial institutions which hold the Company’s cash and cash equivalents are financially sound and minimal credit risk exists with respect to these investments.