Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)	3 Months Ended	9 Months Ended
Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Net revenues (note 10)	$ 49,064,327	$ 44,267,645	$ 141,014,329	$ 126,985,121
Cost of revenues (note 10)
Cost of revenues	30,846,668	28,718,613	89,445,493	83,767,472
Network expenses	1,287,620	1,421,279	3,925,377	4,138,213
Depreciation of property and equipment	278,746	324,166	976,419	803,737
Amortization of intangible assets (note 5)	13,421	11,532	36,485	26,988
Total cost of revenues	32,426,455	30,475,590	94,383,774	88,736,410
Gross profit	16,637,872	13,792,055	46,630,555	38,248,711
Expenses:
Sales and marketing	5,479,445	4,517,666	15,174,619	12,548,415
Technical operations and development	1,270,107	1,101,581	3,445,118	3,405,052
General and administrative	2,166,217	2,607,917	7,497,752	7,826,405
Depreciation of property and equipment	178,687	63,790	328,877	185,074
Amortization of intangible assets (note 5)	279,126	56,997	613,041	167,209
Impairment of indefinite life intangible asset	2,866	18,550	27,745	68,848
Loss (gain) on currency forward contracts (note 4)	22,475	352,738	(96,993)	681,988
Total expenses	9,398,923	8,719,239	26,990,159	24,882,991
Income from operations	7,238,949	5,072,816	19,640,396	13,365,720
Other income (expense):
Interest expense, net	(135,168)	(78,959)	(301,868)	(161,136)
Other income, net (note 12)	130,147		387,787
Total other income (expense)	(5,021)	(78,959)	85,919	(161,136)
Income before provision for income taxes	7,233,928	4,993,857	19,726,315	13,204,584
Provision for income taxes (note 7)	2,492,649	1,834,400	6,476,012	4,926,189
Net income before redeemable non-controlling interest	4,741,279	3,159,457	13,250,303	8,278,395
Redeemable non-controlling interest (note 8)	(254,101)	(91,283)	(698,583)	(162,750)
Net loss attributable to redeemable non-controlling interest	254,101	91,283	698,583	162,750
Net income for the period	4,741,279	3,159,457	13,250,303	8,278,395
Other comprehensive income (loss), net of tax
Unrealized income (loss) on hedging activities (note 4)	(58,821)	(724,336)	516,406	(1,723,247)
Net amount reclassified to earnings (note 4)	131,912	364,330	546,836	1,152,359
Other comprehensive income (loss) net of tax of $41,580 and $198,664 for the three months ended September 30, 2016 and September 30, 2015 and $585,943 and $321,879 for the nine months ended September 30, 2016 and September 30, 2015	73,091	(360,006)	1,063,242	(570,888)
Comprehensive income for the period	$ 4,814,370	$ 2,799,451	$ 14,313,545	$ 7,707,507
Basic earnings per common share (note 9) (in dollars per share)	$ 0.45	$ 0.29	$ 1.26	$ 0.75
Shares used in computing basic earnings per common share (note 9) (in shares)	10,432,763	10,984,869	10,549,056	11,057,634
Diluted earnings per common share (note 9) (in dollars per share)	$ 0.45	$ 0.28	$ 1.23	$ 0.72
Shares used in computing diluted earnings per common share (note 9) (in shares)	10,619,005	11,372,682	10,736,775	11,469,657

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.