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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Net revenues (note 12) $ 44,551,909 $ 38,874,183 $ 127,908,962 $ 108,864,578
Cost of revenues (note 12):        
Cost of revenues 28,779,882 25,985,875 83,851,928 75,038,518
Network expenses 1,421,279 1,139,515 4,138,213 3,427,856
Depreciation of property and equipment 324,166 172,019 803,737 528,956
Amortization of intangible assets (note 7) 11,532   26,988  
Total cost of revenues 30,536,859 27,297,409 88,820,866 78,995,330
Gross profit 14,015,050 11,576,774 39,088,096 29,869,248
Expenses:        
Sales and marketing 4,740,662 3,593,486 13,387,800 11,377,701
Technical operations and development 1,101,581 1,041,136 3,405,052 3,238,566
General and administrative 2,607,916 2,727,626 7,826,405 6,959,984
Depreciation of property and equipment 63,790 58,685 185,074 167,527
Amortization of intangible assets (note 7) 56,997 107,230 167,209 545,290
Impairment of indefinite life intangible assets (note 7) 18,550   68,848 577,145
Loss on currency forward contracts (note 6) 352,738 150,227 681,988 219,904
Total expenses 8,942,234 7,678,390 25,722,376 23,086,117
Income from operations 5,072,816 3,898,384 13,365,720 6,783,131
Other income (expense):        
Interest expense, net (78,959) (63,498) (161,136) (206,679)
Total other income (expense) (78,959) (63,498) (161,136) (206,679)
Income before provision for income taxes 4,993,857 3,834,886 13,204,584 6,576,452
Provision for income taxes (note 9) 1,834,400 1,143,981 4,926,189 2,061,526
Net income before redeemable non-controlling interest 3,159,457 2,690,905 8,278,395 4,514,926
Redeemable non-controlling interest (91,283)   (162,750)  
Net (earnings) loss attributable to redeemable non-controlling interest 91,283   162,750  
Net income 3,159,457 2,690,905 8,278,395 4,514,926
Other comprehensive income (loss), net of tax        
Loss on hedging activities (724,336) (437,519) (1,723,248) (602,901)
Net amount reclassified to earnings 364,330 57,701 1,152,359 437,893
Other comprehensive income (loss) net of tax of $198,664 and $197,852 for the three months ended September 30, 2015 and September 30, 2014 and $334,280 and $85,955 for the nine months ended September 30, 2015 and September 30, 2014 (360,006) (379,818) (570,889) (165,008)
Comprehensive income for the period $ 2,799,451 $ 2,311,087 $ 7,707,506 $ 4,349,918
Basic earnings per common share (note 11) (in Dollars per share) $ 0.29 $ 0.24 $ 0.75 $ 0.40
Shares used in computing basic earnings per common share (note 11) (in Shares) 10,984,869 11,321,175 11,057,634 11,190,684
Diluted earnings per common share (note 11) (in Dollars per share) $ 0.28 $ 0.23 $ 0.72 $ 0.39
Shares used in computing diluted earnings per common share (note 11) (in Shares) 11,372,682 11,787,749 11,469,657 11,718,910