Significant Concentrations

3 Months Ended

Dec. 31, 2011

Significant Concentrations [Text Block]

16.    Significant Concentrations

(a) Customers and Credit Concentrations

The Company had only one customer that individually comprised 10% or more of net revenue for the three months ended December 31, 2010 and 2011 respectively, as follows:

		Three months ended December 31
		2010			2011
Jiangsu Huatiantong Technology Co. Ltd.	$	7,036,640	11%	$	6,596,434	9%
Shenzhen Fuheqing Co., Ltd.	$	3,097,021	5%	$	10,784,288	15%
Total	$	10,133,661	16%	$	17,380,722	24%

As of December 31, 2010 and 2011, approximately 6% and 8% of gross trade accounts receivable was due from Jiangsu Huatiantong Technology Co., Ltd. respectively, and approximately 5% and 6% of gross trade accounts receivable was due from Shenzhen Fuheqing Co., Ltd. respectively.

(b) Credit Risk

Financial instruments that potentially subject the Company to a significant concentration of credit risk consist primarily of cash and cash equivalents and pledged deposits. As of September 30, 2011 and December 31, 2011, substantially all of the Company’s cash and cash equivalents and pledged deposits were held by major financial institutions located in the PRC, which management believes are of high credit quality.