NOTE 6 – ADVANCES TO SUPPLIERS
As of December 31, 2013 and 2012, advances to suppliers consisted of the following:
| December 31, 2013 | December 31, 2012 | |||||||
| Advances to suppliers | $ | 915,748 | $ | 445,798 | ||||
Advances to suppliers represent interest-free cash paid in advance to suppliers for purchases of inventories. No allowance was provided for the prepayments balance at December 31, 2013.