Certain Risks and Concentrations
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Dec. 31, 2014
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Certain Risks and Concentrations [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
CERTAIN RISKS AND CONCENTRATIONS |
NOTE 15 – CERTAIN RISKS AND CONCENTRATIONS
Credit risk
As of December 31, 2014 and 2013, a substantial portion of the Company’s cash included bank deposits in accounts maintained within the PRC where there is currently no rule or regulation in place for obligatory insurance to cover bank deposits in event of bank failure. However, the Company does not experience any losses in such accounts and believes it is not exposed to any significant risks on its cash in bank accounts.
Major customers
The following table sets forth information as to each customer that accounted for 10% or more of the Company’s sales for the years ended December 31, 2014, 2013 and 2012.
*less than 10%
Major suppliers
The following table sets forth information as to each supplier that accounted for 10% or more of the Company’s purchases for the years ended December 31, 2014, 2013 and 2012.
*less than 10%
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