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Segment information (Tables)
12 Months Ended
Dec. 31, 2012
Segment information  
Schedule of revenue by segment and geographical region and reconciliations to consolidated revenue and gross profit

 

 

 

 

Year ended December 31,

 

 

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

 

 

Net Revenue:

 

 

 

 

 

 

 

APAC

 

$

16,248,880

 

$

18,337,513

 

$

15,198,058

 

North America

 

5,000,064

 

3,991,374

 

2,647,547

 

CEMEA

 

7,558,146

 

4,909,875

 

127,632

 

Total multi-currency processing services revenue

 

28,807,090

 

27,238,762

 

17,973,237

 

Payment processing services revenue

 

14,770,926

 

14,619,404

 

12,579,927

 

Net revenue

 

$

43,578,016

 

$

41,858,166

 

$

30,553,164

 

Gross Profit:

 

 

 

 

 

 

 

APAC

 

$

16,248,880

 

$

18,337,513

 

$

15,198,058

 

North America

 

5,000,064

 

3,991,374

 

2,647,547

 

CEMEA

 

7,558,146

 

4,909,875

 

127,632

 

Total multi-currency processing services gross profit

 

28,807,090

 

27,238,762

 

17,973,237

 

Payment processing services gross profit

 

3,827,636

 

2,942,392

 

2,528,287

 

Total gross profit

 

$

32,634,726

 

$

30,181,154

 

$

20,501,524

 

Schedule of concentration of revenue by customer by geographical region

 

 

 

 

Year ended
December 31,

 

 

 

2012

 

2011

 

2010

 

 

 

 

 

 

 

 

 

Multi-currency processing services revenue:

 

 

 

 

 

 

 

APAC:

 

 

 

 

 

 

 

Customer A

 

62

%

63

%

61

%

Customer D

 

12

 

13

 

13

 

North America:

 

 

 

 

 

 

 

Customer E

 

18

 

11

 

24

 

Customer F

 

44

 

54

 

25

 

Customer G

 

11

 

21

 

34

 

CEMEA:

 

 

 

 

 

 

 

Customer C

 

97

 

100

 

82