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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Net revenues (note 12) $ 42,889,220 $ 35,588,001 $ 83,357,053 $ 69,990,395
Cost of revenues (note 12):        
Cost of revenues 28,250,672 24,736,004 55,072,046 49,052,643
Network expenses 1,494,838 1,144,697 2,716,934 2,288,341
Depreciation of property and equipment 279,929 173,963 479,571 356,937
Amortization of intangible assets (note 7) 11,532   15,456  
Total cost of revenues 30,036,971 26,054,664 58,284,007 51,697,921
Gross profit 12,852,249 9,533,337 25,073,046 18,292,474
Expenses:        
Sales and marketing 4,847,963 3,762,441 8,647,138 7,784,215
Technical operations and development 1,189,276 1,107,532 2,303,471 2,197,430
General and administrative 2,173,254 1,886,319 3,988,442 3,654,119
Depreciation of property and equipment 62,022 52,538 121,284 108,842
Amortization of intangible assets (note 7) 56,997 219,030 110,212 438,060
Impairment of indefinite life intangible assets (note 7) 37,805 326,457 50,298 577,145
Loss on currency forward contracts (note 6) 602,439 96,545 1,559,297 647,916
Total expenses 8,969,756 7,450,862 16,780,142 15,407,727
Income from operations 3,882,493 2,082,475 8,292,904 2,884,747
Other income (expense):        
Interest expense, net (57,402) (69,348) (82,177) (143,181)
Total other income (expense) (57,402) (69,348) (82,177) (143,181)
Income before provision for income taxes 3,825,091 2,013,127 8,210,727 2,741,566
Provision for income taxes (note 9) 1,540,096 665,945 3,091,789 917,545
Net income before redeemable non-controlling interest 2,284,995 1,347,182 5,118,938 1,824,021
Redeemable non-controlling interest (49,985)   (71,467)  
Net (earnings) loss attributable to redeemable non-controlling interest 49,985   71,467  
Net income 2,284,995 1,347,182 5,118,938 1,824,021
Other comprehensive income (loss), net of tax        
Gain (loss) on hedging activities (38,046) 285,136 (998,912) (165,382)
Net amount reclassified to earnings 371,955 145,141 788,029 380,192
Other comprehensive income (loss) net of tax of $184,262 and $224,137 for the three months ended June 30, 2015 and June 30, 2014 and $135,616 and $111,897 for the six months ended June 30, 2015 and June 30, 2014 333,909 430,277 (210,883) 214,810
Comprehensive income for the period $ 2,618,904 $ 1,777,459 $ 4,908,055 $ 2,038,831
Basic earnings per common share (note 11) (in Dollars per share) $ 0.21 $ 0.12 $ 0.46 $ 0.16
Shares used in computing basic earnings per common share (note 11) (in Shares) 11,047,136 11,219,101 11,094,618 11,124,357
Diluted earnings per common share (note 11) (in Dollars per share) $ 0.20 $ 0.11 $ 0.44 $ 0.16
Shares used in computing diluted earnings per common share (note 11) (in Shares) 11,456,670 11,729,547 11,518,105 11,684,529