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Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Financial Performance of Company's Reporting Segments

The following tables summarize the financial performance of the Company’s reporting segments:

		Three Months Ended June 30, 2014
		Brazil				Argentina				Mexico				Venezuela				Other Countries				Total
Net revenues		$	63,400,348			$	33,267,193			$	9,369,842			$	16,551,431			$	9,260,325			$	131,849,139
Direct costs			(37,793,126	)			(17,609,259	)			(5,546,333	)			(4,856,907	)			(4,972,194	)			(70,777,819	)
Impairment of Long-lived Assets			—				—				—				(49,495,686	)			—				(49,495,686	)
Direct contribution			25,607,222				15,657,934				3,823,509				(37,801,162	)			4,288,131				11,575,634
Operating expenses and indirect costs of net revenues																							(17,488,423	)
Income from operations																							(5,912,789	)
Other income (expenses):
Interest income and other financial gains																							3,572,917
Interest expense and other financial losses																							(778,155	)
Foreign currency losses																							(15,964,572	)
Other gains, net																							—
Net income before income / asset tax expense																						$	(19,082,599	)
		Three Months Ended June 30, 2013
		Brazil				Argentina				Mexico				Venezuela				Other Countries				Total
Net revenues		$	51,116,153			$	29,000,836			$	7,823,566			$	17,563,547			$	6,679,258			$	112,183,360
Direct costs			(27,849,992	)			(16,203,748	)			(5,122,425	)			(6,478,796	)			(3,215,003	)			(58,869,964	)
Direct contribution			23,266,161				12,797,088				2,701,141				11,084,751				3,464,255				53,313,396
Operating expenses and indirect costs of net revenues																							(17,864,101	)
Income from operations																							35,449,295
Other income (expenses):
Interest income and other financial gains																							2,202,314
Interest expense and other financial losses																							(531,668	)
Foreign currency gains																							3,600,866
Other gains, net																							1,393
Net income before income / asset tax expense																						$	40,722,200
		Six Months Ended June 30, 2014
		Brazil				Argentina				Mexico				Venezuela				Other Countries				Total
Net revenues		$	115,834,447			$	61,228,937			$	17,453,027			$	35,908,018			$	16,807,031			$	247,231,460
Direct costs			(68,310,020	)			(34,523,451	)			(10,293,505	)			(10,491,888	)			(8,886,725	)			(132,505,589	)
Impairment of Long-lived Assets			—				—				—				(49,495,686	)			—				(49,495,686	)
Direct contribution			47,524,427				26,705,486				7,159,522				(24,079,556	)			7,920,306				65,230,185
Operating expenses and indirect costs of net revenues																							(37,141,885	)
Income from operations																							28,088,300
Other income (expenses):
Interest income and other financial gains																							6,608,546
Interest expense and other financial losses																							(1,805,335	)
Foreign currency loss																							(12,871,102	)
Other losses, net																							—
Net income before income / asset tax expense																						$	20,020,409
		Six Months Ended June 30, 2013
		Brazil				Argentina				Mexico				Venezuela				Other Countries				Total
Net revenues		$	98,881,836			$	54,621,583			$	15,613,867			$	32,694,097			$	13,097,724			$	214,909,107
Direct costs			(58,843,536	)			(29,679,458	)			(9,239,252	)			(12,486,903	)			(6,082,984	)			(116,332,133	)
Direct contribution			40,038,300				24,942,125				6,374,615				20,207,194				7,014,740				98,576,974
Operating expenses and indirect costs of net revenues																							(34,556,496	)
Income from operations																							64,020,478
Other income (expenses):
Interest income and other financial gains																							5,596,320
Interest expense and other financial losses																							(892,020	)
Foreign currency loss																							(2,648,848	)
Other losses, net																							(2,340	)
Net income before income / asset tax expense																							66,073,590

Allocation of Long-Lived Tangible Assets Based on Geography

The following table summarizes the allocation of the long-lived tangible assets based on geography:

		June 30,				December 31,
		2014				2013
US long-lived tangible assets		$	11,979,734			$	9,131,777
Other countries long-lived tangible assets
Argentina			26,563,597				29,119,057
Brazil			7,742,432				5,559,702
Mexico			1,144,967				711,200
Venezuela (*)			33,429,396				83,655,816
Other countries			2,920,717				3,194,357
		$	71,801,109			$	122,240,132
Total long-lived tangible assets		$	83,780,843			$	131,371,909

(*) After the impairment of Venezuelan long-lived assets. See Note 2 Venezuelan currency status.

Allocation of Goodwill and Intangible Assets Based on Geography

The following table summarizes the allocation of the goodwill and intangible assets based on geography:

		June 30,				December 31,
		2014				2013
US intangible assets		$	213,456			$	10,503
Other countries goodwill and intangible assets
Argentina			12,369,255				15,575,776
Brazil			10,899,364				10,380,974
Mexico			21,670,820				14,512,949
Venezuela			6,900,347				6,913,604
Other countries (*)			43,897,705				14,298,997
		$	95,737,491			$	61,682,300
Total goodwill and intangible assets		$	95,950,947			$	61,692,803

(*) Includes the acquisition of online classified advertisement company in Chile. See Note 4.

Consolidated Net Revenues by Similar Products and Services

Consolidated net revenues by similar products and services for the three and six-month periods ended June 30, 2014 and 2013 were as follows:

Consolidated Net Revenues		Six-months Ended June 30,								Three-months Ended June 30,
		2014				2013				2014				2013
Marketplace		$	174,959,772			$	149,630,271			$	91,517,242			$	77,915,508
Non-marketplace (*)		$	72,271,688			$	65,278,836			$	40,331,897			$	34,267,852
Total		$	247,231,460			$	214,909,107			$	131,849,139			$	112,183,360

(*) Includes, among other things, Ad Sales, Real Estate, Motors, Financing Fees, Off-platform Payment Fees and other ancillary services.

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