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COMMITMENTS, CONTINGENCIES, AND CONCENTRATIONS (Tables)
3 Months Ended
Mar. 31, 2013
COMMITMENTS, CONTINGENCIES, AND CONCENTRATIONS  
Customer and purchase concentration risks
The following table discloses product sales the Company had to each customer that purchased in excess of 10% of the Company's net product sales for the periods indicated:
 
 
For the three months ended
 
Accounts Receivable As of
 
March 31, 2013
 
March 31, 2012
 
March 31, 2013
 
March 31, 2012
 
Sales
 
% of Sales
 
Sales
 
% of Sales
    
Customer 1
$2,589,954 41 $2,503,739 39 $1,160,188 $850,482
Customer 2
 1,218,875 19  2,516,000 40  1,154,160  1,319,247
Customer 3
 1,189,137 19  * *  1,189,137  *
(*) Product sales did not exceed 10% for the period indicated.
 
Note that sales include product sales only while accounts receivable reflects the total due from the customer, which includes freight.
 
The following table discloses purchases the Company made from each vendor that sold to the Company in excess of 10% of the Company's total purchases for the periods indicated:
 
 
For the three months ended
 
Accounts Payable As of
 
March 31, 2013
 
March 31, 2012
 
March 31, 2013
 
March 31, 2012
 
Purchases
 
% of Purc.
 
Purchases
 
% of Purc.
    
Vendor 1
 * * $177,637 13  * $32,385
Vendor 2
 * *  140,654 10  *  121,853
(*) Purchases did not exceed 10% for the period indicated