Consumer Capital Group, Inc. | 2013 | FY | 3


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.


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