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Consolidated Statements of Operations and Comprehensive Income (Unaudited) (USD $)
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Net revenues (note 9) $ 38,874,183 $ 35,637,085 $ 108,864,578 $ 96,795,464
Cost of revenues (note 9):        
Cost of revenues 25,985,875 24,268,961 75,038,518 69,354,366
Network expenses (*) 1,139,515 1,192,450 3,427,856 3,716,471
Depreciation of property and equipment 172,019 164,283 528,956 452,711
Amortization of intangible assets (note 5)   11,970   83,790
Total cost of revenues 27,297,409 25,637,664 78,995,330 73,607,338
Gross profit 11,576,774 9,999,421 29,869,248 23,188,126
Expenses:        
Sales and marketing (*) 3,593,486 2,998,419 11,377,701 8,792,091
Technical operations and development (*) 1,041,136 1,215,327 3,238,566 3,097,294
General and administrative (*) 2,639,868 1,869,668 6,293,987 5,266,997
Depreciation of property and equipment 58,685 52,972 167,527 158,833
Amortization of intangible assets (note 5) 107,230 219,030 545,290 657,090
Impairment of indefinite life intangible assets (note 5)   0 577,145 0
Loss on currency forward contracts (note 4) 237,985 (28,068) 885,901 353,209
Total expenses 7,678,390 6,327,348 23,086,117 18,325,514
Income from operations 3,898,384 3,672,073 6,783,131 4,862,612
Other income (expense):        
Interest expense, net (63,498) (78,966) (206,679) (271,756)
Total other income (expense) (63,498) (78,966) (206,679) (271,756)
Income before provision for income taxes 3,834,886 3,593,107 6,576,452 4,590,856
Provision for income taxes (note 7) 1,143,981 999,747 2,061,526 1,333,287
Net income 2,690,905 2,593,360 4,514,926 3,257,569
Other comprehensive income (loss), net of tax        
Gain (loss) on hedging activities (437,519) 402,026 (602,901) (71,629)
Net amount reclassified to earnings 57,701 92,308 437,893 119,237
Other comprehensive income (loss) net of tax of $(197,852) and $257,505 for the three months ended September 30, 2014 and September 30, 2013, and $(85,955) and $24,800 for the nine months ended September 30, 2014 and September 30, 2013 (379,818) 494,334 (165,008) 47,608
Comprehensive income for the period 2,311,087 3,087,694 4,349,918 3,305,177
Basic earnings per common share (note 8) (in Dollars per share) $ 0.24 $ 0.24 $ 0.40 $ 0.32
Shares used in computing basic earnings per common share (note 8) (in Shares) 11,321,175 10,795,896 11,190,684 10,322,469
Diluted earnings per common share (note 8) (in Dollars per share) $ 0.23 $ 0.23 $ 0.39 $ 0.29
Shares used in computing diluted earnings per common share (note 8) (in Shares) 11,787,749 11,409,975 11,718,910 11,187,308
(*) Stock-based compensation has been included in operating expenses as follows:        
Network expenses 6,600 8,755 22,397 22,813
Sales and marketing 37,637 32,681 104,440 93,000
Technical operations and development 22,716 21,549 59,368 57,166
General and administrative $ 163,759 $ 99,801 $ 230,841 $ 155,904