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Consolidated Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Net revenues (note 9) $ 23,045,923 $ 20,846,598 $ 45,601,130 $ 41,291,751
Cost of revenues:        
Cost of revenues 16,224,936 14,236,414 31,920,076 27,967,964
Network expenses (*) 1,235,498 1,219,572 2,498,326 2,412,896
Depreciation of property and equipment 213,089 253,057 449,770 563,115
Amortization of intangible assets (note 4) 6,430 74,802 25,720 149,604
Total cost of revenues (note 9) 17,679,953 15,783,845 34,893,892 31,093,579
Gross profit 5,365,970 5,062,753 10,707,238 10,198,172
Operating expenses:        
Sales and marketing (*) 1,771,971 1,786,893 3,796,674 3,649,229
Technical operations and development (*) 1,231,593 1,189,937 2,430,829 2,432,950
General and administrative (*) 1,133,387 600,776 2,230,313 1,416,356
Depreciation of property and equipment 45,495 43,431 91,682 87,320
Amortization of intangible assets (note 4) 277,750 360,540 584,740 721,080
Loss on change in fair value of forward exchange contracts 193,157 1,924,985 305,861 1,811,012
Total expenses 4,653,353 5,906,562 9,440,099 10,117,947
Income (loss) from operations 712,617 (843,809) 1,267,139 80,225
Other income (expenses):        
Interest (expense) income, net (8,657) (33,727) (20,197) (72,895)
Other income 51,648 0 374,977 0
Total other income (expenses) 42,991 (33,727) 354,780 (72,895)
Income before provision for income taxes 755,608 (877,536) 1,621,919 7,330
Provision for income taxes (note 7) 189,949 (105,758) 328,314 210,242
Net income (loss) for the period 565,659 (771,778) 1,293,605 (202,912)
Basic earnings (loss) per common share (note 8) (in Dollars per share) $ 0.01 $ (0.01) $ 0.02 $ 0
Shares used in computing basic earnings (loss) per common share (note 8) (in Shares) 53,444,841 59,193,180 53,441,276 60,223,815
Diluted earnings (loss) per common share (note 8) (in Dollars per share) $ 0.01 $ (0.01) $ 0.02 $ 0
Shares used in computing diluted earnings (loss) per common share (note 8) (in Shares) 55,796,435 59,193,180 55,784,998 60,223,815
Stock-based compensation has been included in expenses as follows:(*)        
Network expenses 5,349 5,574 11,362 9,202
Sales and marketing 19,127 25,545 44,460 41,231
Technical operations and development 11,394 18,264 27,102 32,845
General and administrative $ 17,529 $ 51,890 $ 44,806 $ 74,624