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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Net revenues (note 11) $ 45,610,413 $ 40,467,833
Cost of revenues (note 11):    
Cost of revenues 28,850,473 26,821,374
Network expenses 1,232,931 1,222,096
Depreciation of property and equipment 346,753 199,642
Amortization of intangible assets (note 6) 11,532 3,924
Total cost of revenues 30,441,689 28,247,036
Gross profit 15,168,724 12,220,797
Expenses:    
Sales and marketing 5,285,624 3,799,175
Technical operations and development 1,176,360 1,114,195
General and administrative 2,404,927 2,468,022
Depreciation of property and equipment 73,268 59,262
Amortization of intangible assets (note 6) 56,997 53,215
Impairment of indefinite life intangible asset 20,985 12,493
Loss (gain) on currency forward contracts (note 5) (110,757) 304,024
Total expenses 8,907,404 7,810,386
Income from operations 6,261,320 4,410,411
Other income (expense):    
Interest expense, net (46,172) $ (24,775)
Other income, net (note 13) 128,820
Total other income (expense) 82,648 $ (24,775)
Income before provision for income taxes 6,343,968 4,385,636
Provision for income taxes (note 8) 1,905,730 1,551,693
Net income before redeemable non-controlling interest 4,438,238 2,833,943
Redeemable non-controlling interest (170,792) (21,482)
Net loss attributable to redeemable non-controlling interest 170,792 21,482
Net income 4,438,238 2,833,943
Other comprehensive income (loss), net of tax    
Unrealized income (loss) on hedging activities (note 5) 547,963 (983,448)
Net amount reclassified to earnings (note 5) 335,557 438,656
Other comprehensive income (loss) net of tax of $483,704 and $319,878 for the three months ended March 31, 2016 and March 31, 2015 883,520 (544,792)
Comprehensive income for the year $ 5,321,758 $ 2,289,151
Basic earnings per common share (note 10) (in dollars per share) $ 0.42 $ 0.25
Shares used in computing basic earnings per common share (note 10) (in shares) 10,674,036 11,142,628
Diluted earnings per common share (note 10) (in dollars per share) $ 0.41 $ 0.24
Shares used in computing diluted earnings per common share (note 10) (in shares) 10,861,582 11,580,047