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Note 4 - Derivative Instruments and hedging activities (Tables)
9 Months Ended
Sep. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]
     

As of

September 30,

2013

 

   

As of

December 31,

2012

 

 

Derivatives

Balance Sheet

Location

 

Fair Value

Asset

(Liability)

   

Fair Value

Asset

(Liability)

 
                   

Foreign currency forward contracts designated as cash flow hedges

Derivative instruments

  $ 139,487     $ 377,703  
                   

Foreign currency forward contracts not designated as cash flow hedges

Derivative instruments

  $ 16,057     $ 67,079  
                   

Total foreign currency forward contracts

Derivative instruments

  $ 155,544     $ 444,782  
Derivative Instruments, Gain (Loss) [Table Text Block]

Derivatives in Cash Flow

 

Hedging Relationship

 

Amount of

Gain or (Loss) Recognized in

OCI on

Derivative

(Effective

Portion)

 

Location of

Gain or (Loss)

Reclassified

from

Accumulated

OCI into

Income

(Effective

 Portion)

 

Amount of

Gain or (Loss) Reclassified

from

Accumulated

OCI into

Income

(Effective

Portion)

   

Location of

Gain or (Loss) Recognized in

Income on

Derivative

(ineffective

Portion and

Amount

Excluded from Effectiveness

Testing)

   

Amount of

Gain or (Loss) Recognized in

Income on

Derivative

(ineffective

Portion and

Amount

Excluded from Effectiveness

Testing)

 
                                   

Foreign currency forward contracts for the three months ended September 30, 2013

  $ 506,509  

Operating expenses

  $ ( 140,893 )            
         

Cost of revenues

  $ 500                  
                                   

Foreign currency forward contracts for the nine months ended September 30, 2013

  $ 63,942  

Operating expenses

  $ ( 179,609 )            
         

Cost of revenues

  $ ( 1,741 )