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Consolidated Statements of Comprehensive Income - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Net revenues (note 16) $ 329,420,741 $ 189,818,932 $ 171,686,779
Cost of revenues (note 16)      
Cost of revenues 230,599,632 120,186,962 112,980,685
Network expenses 9,324,454 5,210,500 5,464,777
Depreciation of property and equipment 3,142,398 1,319,819 1,144,988
Amortization of intangible assets (note 5) 1,833,628 48,017 38,520
Total cost of revenues 244,900,112 126,765,298 119,628,970
Gross profit 84,520,629 63,053,634 52,057,809
Expenses:      
Sales and marketing 29,422,984 20,754,752 17,394,376
Technical operations and development 7,257,720 4,494,819 4,502,845
General and administrative 13,593,901 11,404,793 10,661,949
Depreciation of property and equipment 585,424 503,864 259,307
Amortization of intangible assets (note 5) 6,566,308 905,157 224,206
Impairment of indefinite life intangible assets (note 5) 111,251 42,673 206,116
Loss (gain) on currency forward contracts (note 7) (98,227) (98,977) 792,900
Total expenses 57,439,361 38,007,081 34,041,699
Income from operations 27,081,268 25,046,553 18,016,110
Other income (expense):      
Interest expense, net (3,567,156) (449,838) (159,025)
Other income, net (note 13) 560,656 516,209 85,872
Total other income (expense) (3,006,500) 66,371 (73,153)
Income before provision for income taxes 24,074,768 25,112,924 17,942,957
Provision for income taxes (note 9) 1,748,174 9,045,770 6,569,227
Net income before redeemable non-controlling interest 22,326,594 16,067,154 11,373,730
Redeemable non-controlling interest (386,995) (871,493) (284,509)
Net income attributable to redeemable non-controlling interest 386,995 871,493 284,509
Net income for the period 22,326,594 16,067,154 11,373,730
Other comprehensive income (loss), net of tax      
Unrealized income (loss) on hedging activities (note 7) 550,347 567,816 (2,031,465)
Net amount reclassified to earnings (note 7) (649,501) 640,790 1,544,454
Other comprehensive income (loss) net of tax of $56,406 and $668,637 for the year ended December 31, 2017 and December 31, 2016 (note 7) (99,154) 1,208,606 (487,011)
Comprehensive income for the period $ 22,227,440 $ 17,275,760 $ 10,886,719
Basic earnings per common share (note 14) (in dollars per share) $ 2.12 $ 1.53 $ 1.04
Shares used in computing basic earnings per common share (note 14) (in shares) 10,537,356 10,524,856 10,968,500
Diluted earnings per common share (note 14) (in dollars per share) $ 2.07 $ 1.50 $ 1
Shares used in computing diluted earnings per common share (note 14) (in shares) 10,793,622 10,713,595 11,360,084