Concentrations and Risks

12 Months Ended

Dec. 31, 2011

Concentrations and Risks [Abstract]

Concentration Risk Disclosure [Text Block]

NOTE 14 - CONCENTRATIONS AND RISKS

Cash includes cash on hand and demand deposits in accounts maintained with state-owned banks within the People’s Republic of China and banks in Hong Kong. Total cash deposited with these banks at December 31, 2011 and December 31, 2010 amounted to $8,822,581 and $3,691,653 , respectively, of which no deposits are covered by insurance. The Company has not experienced any losses in such accounts and believes it is not exposed to any risks on its cash in it’s bank accounts.

In it’s wholesale segment, the Company had two wholesale customers that represented approximately 19.0% and 17.5% of total sales for the year ended December 31, 2011, and 20.8% and 16.6% of total sales for the year ended December 31, 2010.

The Company did not rely on any single raw material supplier for more than 10% of total raw material purchases during 2011 and 2010.

For the wholesale business, the Company relied on one manufacturer for 13% of purchased finished goods during 2011 and relied on two manufacturers for 14% and 10% of purchased finished goods during 2010.

For the retail business, the Company did not rely on any single manufacturer for more than 10% of total purchased finished goods during 2011. The Company relied on one manufacturer for 11.6% of purchased finished goods during 2010.