Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)	3 Months Ended
Mar. 31, 2017	Mar. 31, 2016
Net revenues (note 10)	$ 69,568,062	$ 44,746,089
Cost of revenues (note 10)
Cost of revenues	49,310,712	28,806,717
Network expenses	2,343,196	1,232,931
Depreciation of property and equipment	590,347	346,753
Amortization of intangible assets (note 5)	380,162	11,532
Total cost of revenues	52,624,417	30,397,933
Gross profit	16,943,645	14,348,156
Expenses:
Sales and marketing	7,219,322	4,465,056
Technical operations and development	1,694,141	1,176,360
General and administrative	3,457,343	2,404,927
Depreciation of property and equipment	166,317	73,268
Amortization of intangible assets (note 5)	1,380,809	56,997
Impairment of indefinite life intangible asset		20,985
Loss (gain) on currency forward contracts (note 4)	(34,425)	(110,757)
Total expenses	13,883,507	8,086,836
Income from operations	3,060,138	6,261,320
Other income (expense):
Interest expense, net	(867,993)	(46,172)
Other income, net	128,897	128,820
Total other income (expense)	(739,096)	82,648
Income before provision for income taxes	2,321,042	6,343,968
Provision for (recovery of) income taxes (note 7)	(125,449)	1,905,730
Net income before redeemable non-controlling interest	2,446,491	4,438,238
Redeemable non-controlling interest (note 8)	(125,764)	(170,792)
Net loss attributable to redeemable non-controlling interest	125,764	170,792
Net income for the period	2,446,491	4,438,238
Other comprehensive income (loss), net of tax
Unrealized income (loss) on hedging activities (note 4)	186,229	547,963
Net amount reclassified to earnings (note 4)	(80,620)	335,557
Other comprehensive income (loss) net of tax of $60,079 and $483,704 for the three months ended March 31, 2017 and March 31, 2016 (note 4)	105,609	883,520
Comprehensive income for the period	$ 2,552,100	$ 5,321,758
Basic earnings per common share (note 9) (in dollars per share)	$ 0.23	$ 0.42
Shares used in computing basic earnings per common share (note 9) (in shares)	10,474,647	10,674,036
Diluted earnings per common share (note 9) (in dollars per share)	$ 0.23	$ 0.41
Shares used in computing diluted earnings per common share (note 9) (in shares)	10,776,515	10,861,582

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.