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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Net revenues (note 10) $ 95,795,691 $ 69,568,062 [1]
Cost of revenues (note 10)    
Cost of revenues 68,972,220 49,310,712 [1]
Network expenses 2,574,087 2,343,196 [1]
Depreciation of property and equipment 1,131,143 590,347 [1]
Amortization of intangible assets (note 6) 499,032 380,162 [1]
Total cost of revenues 73,176,482 52,624,417 [1]
Gross profit 22,619,209 16,943,645 [1]
Expenses:    
Sales and marketing 8,364,787 7,219,322 [1]
Technical operations and development 2,094,689 1,694,141 [1]
General and administrative 4,531,412 3,457,343 [1]
Depreciation of property and equipment 101,072 166,317 [1]
Amortization of intangible assets (note 6) 1,831,730 1,380,809 [1]
Loss (gain) on currency forward contracts (note 5) (3,093) (34,425) [1]
Total expenses 16,920,597 13,883,507 [1]
Income from operations 5,698,612 3,060,138 [1]
Other income (expense):    
Interest expense, net (895,962) (867,993) [1]
Other income, net 123,960 128,897 [1]
Total other income (expense) (772,002) (739,096) [1]
Income before provision for income taxes 4,926,610 2,321,042 [1]
Provision for income taxes (note 8) 1,182,918 (125,449)
Net income before redeemable non-controlling interest 3,743,692 2,446,491 [1]
Redeemable non-controlling interest (26,336) (125,764) [1]
Net income attributable to redeemable non-controlling interest 26,336 125,764 [1]
Net income for the period 3,743,692 2,446,491 [1],[2]
Other comprehensive income, net of tax    
Amount of Gain or (Loss) Recognized in OCI, Net of Tax, on Derivative (Effective Portion) 17,425 186,229 [1]
Net amount reclassified to earnings (note 5) (80,620) [1]
Other comprehensive income net of tax of $5,585 and $60,079 for the three months ended March 31, 2018 and March 31, 2017 (note 5) 17,425 105,609 [1]
Comprehensive income for the period $ 3,761,117 $ 2,552,100 [1]
Basic earnings per common share (note 9) (in dollars per share) $ 0.35 $ 0.23 [1]
Shares used in computing basic earnings per common share (note 9) (in shares) 10,588,718 10,474,647 [1]
Diluted earnings per common share (note 9) (in dollars per share) $ 0.35 $ 0.23 [1]
Shares used in computing diluted earnings per common share (note 9) (in shares) 10,792,613 10,776,515 [1]
[1] The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.
[2] The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.