Balance sheet components (Tables)

12 Months Ended

Dec. 31, 2012

Summary of Balance Sheet Components

	December 31,			December 31,
	2012			2011
Accounts receivable, net:
Users	$	28,667,738		$	29,736,666
Credit cards and other means of payments		1,545,738			1,113,537
Advertising		2,537,795			1,873,849
Others debtors		31,828			42,532
		32,783,099			32,766,584
Allowance for doubtful accounts		(12,946,077	)		(15,951,497	)
	$	19,837,022		$	16,815,087
	December 31,			December 31,
	2012			2011
Credit card receivables
Credit cards and other means of payments	$	35,976,964		$	24,060,796
Allowance for chargebacks		(160,458	)		(205,107	)
	$	35,816,506		$	23,855,689
	December 31,			December 31,
	2012			2011
Other current assets:
VAT credits	$	4,103,333		$	681,247
Other taxes		5,685,856			5,077,329
Other		1,614,029			1,104,674
	$	11,403,218		$	6,863,250
	December 31,			December 31,
	2012			2011
Other non current assets:
Legal Deposits	$	591,798		$	284,476
Deposit in Court (Note 15)		5,067,712			5,184,940
Other		458,610			324,979
	$	6,118,120		$	5,794,395

	Estimated
	useful life			December 31,			December 31,
	(years)			2012			2011
Property and equipment, net:
Equipment		3-5		$	22,696,763		$	18,725,090
Land & Building		50	(1)		15,800,900			16,204,946
Furniture and fixtures		3-5			8,785,736			6,956,006
Software		3			12,190,233			5,265,323
Cars		3			568,609			435,790
					60,042,241			47,587,155
Accumulated depreciation					(22,316,019	)		(16,709,436	)
				$	37,726,222		$	30,877,719

(1) Estimated useful life attributable to “Buildings”.

	Year Ended December 31,
	2012		2011		2010
Depreciation and amortization:
Cost of net revenues	$	859,364	$	833,898	$	384,635
Product and technology development		6,112,771		5,013,799		3,327,350
Sales and marketing		190,143		151,860		42,175
General and administrative		1,797,015		1,268,518		1,167,490
	$	8,959,293	$	7,268,075	$	4,921,650

	December 31,		December 31,
	2012		2011
Accounts payable and accrued expenses:
Accounts payable	$	14,821,511	$	12,154,539
Accrued expenses
Advertising		2,265,338		3,857,126
Professional fees		1,064,502		1,038,516
Other expense provisions		5,822,120		3,140,983
Other current liabilities		3,142		60,149
	$	23,976,613	$	20,251,313

	December 31,		December 31,
	2012		2011
Current loans payable and other financial liabilities:
Car leasing financing (1)	$	84,570	$	146,194

	December 31,		December 31,
	2012		2011
Non current loans payable and other financial liabilities:
Car leasing financing (1)	$	59,493	$	136,227

(1) See note 15 – Capital Leases

	December 31,		December 31,
	2012		2011
Non current other liabilities:
Provisions and contingencies	$	2,800,197	$	1,765,242
Other		36,953		32,648
	$	2,837,150	$	1,797,890

	December 31,			December 31,			December 31,
	2012			2011			2010
Accumulated other comprehensive income:
Foreign currency translation	$	(49,542,692	)	$	(37,968,003	)	$	(22,444,566	)
Unrealized gains on investments		1,146,662			1,394,887			71,733
Estimated tax loss on unrealized gains on investments		(387,098	)		(470,230	)		(26,206	)
	$	(48,783,128	)	$	(37,043,346	)	$	(22,399,039	)