NOTE 10. CONCENTRATIONS

The Company’s total revenue was $29,702,982 and $24,953,907 for the six months ended June 30, 2017 and 2016, respectively.

Of the $29,702,982 in revenues for the six months ended June 30, 2017, $28,362,086 was derived from processing of Visa®, MasterCard®, Discover® and American Express® card transactions and $1,340,896 was derived from providing mobile payment services branded content during the six months ended June 30, 2017.

Total revenue was $24,953,907 for the six months ended June 30, 2016, of which $21,481,528 was derived from processing of Visa®, MasterCard®, Discover® and American Express® card transactions, and $3,472,379 that was derived from providing mobile payment services branded content during the six months ended June 30, 2016.

The credit card processing revenues were from merchant customer transactions, which were processed primarily by two third-party processors (greater than 5%) during the six months ended June 30, 2017 and 2016. For the six months ended June 30, 2017 and 2016, the Company processed 75% and 66%, respectively, of its total revenue with Priority Payment Systems, LLC and 5% and 7%, respectively, of its total revenue with Vantiv, Inc. (f/k/a National Processing Company (NPC)).

Mobile electronic payment revenues were derived from merchant customer transactions processed by mobile operators. For the six months ended June 30, 2017, no mobile operator processed transactions that generated more than 5% our revenues. For the six months ended June 30, 2016, Beeline (OJSC Vimpelcom) processed transactions that generated 10% of our revenues.