Schedule II - Valuation and qualifying accounts

12 Months Ended

Dec. 31, 2014

Schedule II - Valuation and qualifying accounts

Schedule II - Valuation and qualifying accounts

Planet Payment, Inc.
Schedule II—Valuation and qualifying accounts

Description	Balance at beginning of period		Additions charged to expenses		Deductions			Other adjustments		Balance at end of period
As of December 31, 2014:
Allowance for doubtful accounts	$	169,674	$	46,652	$	(107,561	)	$	—	$	108,765
Deferred tax valuation allowance(1)		29,416,464		843,479		(1,784,863	)		—		28,475,080
As of December 31, 2013:
Allowance for doubtful accounts(2)	$	1,484,087	$	326,457	$	(1,640,870	)	$	—	$	169,674
Deferred tax valuation allowance(3)		29,238,264		903,463		(725,263	)		—		29,416,464
As of December 31, 2012:
Allowance for doubtful accounts	$	1,415,638	$	65,623	$	—		$	2,826	$	1,484,087
Deferred tax valuation allowance(4)		26,452,590		2,845,531		(59,857	)		—		29,238,264

(1)	For the year ended December 31, 2014, the deferred tax valuation allowance was decreased by $1.8 million due to the Company utilizing net operating losses.
(2)	For the year ended December 31, 2013, the decrease to the allowance for doubtful accounts is primarily due to the write-off of a previously reserved trade receivable in the amount of $1.3 million.
(3)	For the year ended December 31, 2013, the deferred tax valuation allowance was increased by $0.9 million consisting primarily of an increase of $0.4 million due to the Company's net operating losses and an increase of $0.2 million due to stock options and restricted stock. These increases were offset by decreases in bonus of $0.2 million and bad debt of $0.5 million.
(4)	For the year ended December 31, 2012, the deferred tax valuation allowance was increased by $2.8 million consisting of an increase of $1.1 million due to the Company's net operating losses, an increase of $0.7 million due to an increase in stock options and salaries and bonuses, and $1.0 million due to a reduction in the deferred tax liability related to depreciation and amortization that resulted in more deferred tax valuation allowance recorded.