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Consolidated Statements of Comprehensive Income - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Net revenues (note 17) $ 189,818,932 $ 171,686,779 $ 146,508,710
Cost of revenues (note 17)      
Cost of revenues 120,186,962 112,980,685 101,861,002
Network expenses 5,210,500 5,464,777 4,554,635
Depreciation of property and equipment (note 4) 1,319,819 1,144,988 699,670
Amortization of intangible assets (note 5) 48,017 38,520
Total cost of revenues 126,765,298 119,628,970 107,115,307
Gross profit 63,053,634 52,057,809 39,393,403
Expenses:      
Sales and marketing 20,754,752 17,394,376 14,235,668
Technical operations and development 4,494,819 4,502,845 4,305,715
General and administrative 11,404,793 10,661,949 9,459,008
Depreciation of property and equipment (note 4) 503,864 259,307 226,432
Amortization of intangible assets (note 5) 905,157 224,206 596,620
Impairment of indefinite life intangible asset 42,673 206,116 577,145
Loss (gain) on currency forward contracts (note 7) (98,977) 792,900 357,760
Total expenses 38,007,081 34,041,699 29,758,348
Income from operations 25,046,553 18,016,110 9,635,055
Other income (expense):      
Interest expense, net (449,838) (159,025) (206,730)
Other income, net (note 13) 516,209 85,872
Total other income (expense) 66,371 (73,153) (206,730)
Income before provision for income taxes 25,112,924 17,942,957 9,428,325
Provision for income taxes (note 9) 9,045,770 6,569,227 3,054,229
Net income before redeemable non-controlling interest 16,067,154 11,373,730 6,374,096
Redeemable non-controlling interest (note 3) (871,493) (284,509)
Net loss attributable to redeemable non-controlling interest 871,493 284,509
Net income for the period 16,067,154 11,373,730 6,374,096
Other comprehensive income (loss), net of tax      
Unrealized income (loss) on hedging activities (note 7) 567,816 (2,031,465) (1,004,115)
Net amount reclassified to earnings (note 7) 640,790 1,544,454 626,655
Other comprehensive income (loss) net of tax of $668,637 for the year ended December 31, 2016, $287,996 for the year ended December 31, 2015 and $196,623 for the year ended December 31, 2014 1,208,606 (487,011) (377,460)
Comprehensive income for the period $ 17,275,760 $ 10,886,719 $ 5,996,636
Basic earnings per common share (note 14) (in dollars per share) $ 1.53 $ 1.04 $ 0.57
Shares used in computing basic earnings per common share (note 14) (in shares) 10,524,856 10,968,500 11,220,874
Diluted earnings per common share (note 14) (in dollars per share) $ 1.50 $ 1 $ 0.54
Shares used in computing diluted earnings per common share (note 14) (in shares) 10,713,595 11,360,084 11,730,398