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Balance Sheet Components

12 Months Ended

Dec. 31, 2014

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Balance Sheet Components

5. Balance sheet components

		December 31, 2014				December 31, 2013
Accounts receivable, net:
Users		$	45,347,095			$	37,500,773
Credit cards and other means of payments			8,591,753				3,967,585
Advertising			3,568,620				2,306,622
Others debtors			5,330,468				1,104,084
			62,837,936				44,879,064
Allowance for doubtful accounts			(16,165,441	)			(18,994,804	)
		$	46,672,495			$	25,884,260

		December 31, 2014				December 31, 2013
Credit card receivables
Credit cards and other means of payments		$	85,691,504			$	53,054,922
Allowance for chargebacks			(529,228	)			(1,009,071	)
		$	85,162,276			$	52,045,851

		December 31, 2014				December 31, 2013
Other current assets:
VAT credits		$	1,751,169			$	3,589,730
Other taxes			8,937,683				5,128,602
Other			3,295,615				2,770,513
		$	13,984,467			$	11,488,845

		December 31,				December 31,
		2014				2013
Other non current assets:
Legal Deposits		$	433,382			$	660,475
Deposit in Court (Note 15)			21,043,446				22,295,223
Other			2,257,262				1,443,486
		$	23,734,090			$	24,399,184

		Estimated useful life (years)		December 31, 2014				December 31, 2013
Property and equipment, net:
Equipment		3-5		$	39,649,237			$	31,819,593
Land & Building		50(1)(2)			57,541,713				105,142,930
Furniture and fixtures		3-5			10,756,038				10,081,433
Software		3			25,052,266				14,720,776
Cars		3			153,335				286,397
					133,152,589				162,051,129
Accumulated depreciation					(41,607,753	)			(30,679,220	)
				$	91,544,836			$	131,371,909

(1) Estimated useful life attributable to “Buildings”.

(2) After impairment test. See Note 2, “Impairment of Long-lived Assets”.

		Year Ended December 31,
		2014				2013				2012
Depreciation and amortization:
Cost of net revenues		$	800,691			$	1,168,570			$	859,364
Product and technology development			12,073,886				8,622,723				6,112,771
Sales and marketing			180,925				213,018				190,143
General and administrative			3,891,395				1,874,254				1,797,015
		$	16,946,897			$	11,878,565			$	8,959,293

		December 31,				December 31,
		2014				2013
Accounts payable and accrued expenses:
Accounts payable		$	50,812,453			$	26,658,109
Accrued expenses
Advertising			3,912,234				2,513,890
Professional fees			1,364,597				1,571,771
Other expense provisions			1,691,544				3,658,422
Other current liabilities			224,906				3,141
		$	58,005,734			$	34,405,333

		December 31, 2014				December 31, 2013
Current loans payable and other financial liabilities:
Unsecured lines of credit		$	1,640,370			$	13,348,861
Car leasing financing			1,276				21,962
		$	1,641,646			$	13,370,823

		December 31, 2014				December 31, 2013
Non current loans payable and other financial liabilities:
Convertible notes		$	280,630,258			$	—
Unsecured lines of credit			1,554,073				2,489,819
		$	282,184,331			$	2,489,819

		December 31, 2014				December 31, 2013
Current other liabilities:
Contingent considerations and escrows from acquisitions			2,971,025				—
Others			1,205,805				—
		$	4,176,830			$	—

		December 31, 2014				December 31, 2013
Non current other liabilities:
Provisions and contingencies		$	3,008,537			$	3,330,108
Contingent considerations and escrows from acquisitions			3,047,655				—
Others			124,476				369,001
		$	6,180,668			$	3,699,109

		December 31, 2014				December 31, 2013				December 31, 2012
Accumulated balances of other comprehensive income
Foreign currency translation		$	(134,695,439	)		$	(87,481,437	)		$	(49,542,692	)
Unrealized (loss) gain on investments			(577,507	)			36,626				1,146,662
Estimated tax gain (loss) on unrealized gains on investments			199,115				(11,159	)			(387,098	)
		$	(135,073,831	)		$	(87,455,970	)		$	(48,783,128	)

The following table summarizes the changes in accumulated balances of other comprehensive income for the year December 31, 2014:

		Unrealized Gains (Losses) on Investments				Foreign Currency Translation				Estimated tax (expense) benefit				Total 2014				Total 2013
Balances as of December 31, 2013		$	36,626			$	(87,481,437	)		$	(11,159	)		$	(87,455,970	)		$	(48,783,128	)
Other comprehensive income before reclassification adjustments for (losses) gains on available for sale investments			(577,507	)			(47,214,002	)			199,115				(47,592,394	)			(37,913,278	)
Amount of gain (loss) reclassified from accumulated other comprehensive income to net income			(36,626	)			—				11,159				(25,467	)			(759,564	)
Net current period other comprehensive income			(614,133	)			(47,214,002	)			210,274				(47,617,861	)			(38,672,842	)
Balances as of December 31, 2014		$	(577,507	)		$	(134,695,439	)		$	199,115			$	(135,073,831	)		$	(87,455,970	)

The following table provides details about reclassifications out of accumulated other comprehensive income for the year ended December 31, 2014:

Details about Accumulated Other Comprehensive Income Components for the year ended December 31, 2014		Amount of Gain (Loss) Reclassified from Accumulated Other Comprehensive Income				Affected Line Item in the Statement of Income
Unrealized gains on investments		$	36,626			Interest income and other financial gains
Estimated tax loss on unrealized gains on investments			(11,159	)		Income / asset tax expense
Total reclassifications for the year		$	25,467			Total, net of income taxes

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