Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)	3 Months Ended	6 Months Ended
Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net revenues (note 10)	$ 47,466,381	$ 42,889,220	$ 93,076,794	$ 83,357,053
Cost of revenues (note 10)
Cost of revenues	29,849,661	28,250,672	58,700,134	55,072,046
Network expenses	1,404,826	1,494,838	2,637,757	2,716,934
Depreciation of property and equipment	350,920	279,929	697,673	479,571
Amortization of intangible assets	11,532	11,532	23,064	15,456
Total cost of revenues	31,616,939	30,036,971	62,058,628	58,284,007
Gross profit	15,849,442	12,852,249	31,018,166	25,073,046
Expenses:
Sales and marketing	5,435,033	4,847,963	10,720,657	8,647,138
Technical operations and development	998,651	1,189,276	2,175,011	2,303,471
General and administrative	2,926,608	2,750,466	5,331,535	5,218,488
Depreciation of property and equipment	76,922	62,022	150,190	121,284
Amortization of intangible assets (note 5)	276,918	56,997	333,915	110,212
Impairment of indefinite life intangible asset	3,894	37,805	24,879	50,298
Loss (gain) on currency forward contracts (note 4)	(8,711)	25,227	(119,468)	329,251
Total expenses	9,709,315	8,969,756	18,616,719	16,780,142
Income from operations	6,140,127	3,882,493	12,401,447	8,292,904
Other income (expense):
Interest expense, net	(120,528)	(57,402)	(166,700)	(82,177)
Other income, net (note 12)	128,820		257,640
Total other income (expense)	8,292	(57,402)	90,940	(82,177)
Income before provision for income taxes	6,148,419	3,825,091	12,492,387	8,210,727
Provision for income taxes (note 7)	2,077,633	1,540,096	3,983,363	3,091,789
Net income before redeemable non-controlling interest	4,070,786	2,284,995	8,509,024	5,118,938
Redeemable non-controlling interest (note 8)	(273,690)	(49,985)	(444,482)	(71,467)
Net loss attributable to redeemable non-controlling interest	273,690	49,985	444,482	71,467
Net income for the period	4,070,786	2,284,995	8,509,024	5,118,938
Other comprehensive income (loss), net of tax
Unrealized income (loss) on hedging activities (note 4)	27,264	(38,046)	575,227	(998,912)
Net amount reclassified to earnings (note 4)	79,367	371,955	414,924	788,029
Other comprehensive income (loss) net of tax of $60,659 and $184,262 for the three months ended June 30, 2016 and June 30, 2015 and $544,363 and $135,616 for the six months ended June 30, 2016 and June 30, 2015	106,631	333,909	990,151	(210,883)
Comprehensive income for the year	$ 4,177,417	$ 2,618,904	$ 9,499,175	$ 4,908,055
Basic earnings per common share (note 9) (in dollars per share)	$ 0.39	$ 0.21	$ 0.80	$ 0.46
Shares used in computing basic earnings per common share (note 9) (in shares)	10,541,659	11,047,136	10,607,843	11,094,618
Diluted earnings per common share (note 9) (in dollars per share)	$ 0.38	$ 0.20	$ 0.79	$ 0.44
Shares used in computing diluted earnings per common share (note 9) (in shares)	10,733,860	11,456,670	10,797,458	11,518,105

The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets net of cost of services amortization. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.

No definition available.