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Segment information (Tables)
3 Months Ended
Mar. 31, 2013
Segment information  
Schedule of revenue by segment and geographical region and reconciliations to consolidated revenue and gross profit

 

 

Three months ended
March 31,

 

 

 

2013

 

2012

 

Net Revenue:

 

 

 

 

 

APAC

 

$

3,716,672

 

$

4,189,768

 

North America

 

1,461,101

 

969,585

 

CEMEA

 

2,652,956

 

2,363,272

 

Total multi-currency processing services revenue

 

7,830,729

 

7,522,625

 

Payment processing services revenue

 

4,255,334

 

4,158,311

 

Net revenue

 

$

12,086,063

 

$

11,680,936

 

Gross Profit:

 

 

 

 

 

APAC

 

$

3,684,004

 

$

4,189,768

 

North America

 

1,436,166

 

969,585

 

CEMEA

 

2,269,054

 

2,363,272

 

Total multi-currency processing services gross profit

 

7,389,224

 

7,522,625

 

Payment processing services gross profit

 

1,453,045

 

1,374,720

 

Total gross profit

 

$

8,842,269

 

$

8,897,345

 

Schedule of concentration of revenue by customer by geographical region

 

 

Three months
ended
March 31,

 

 

 

2013

 

2012

 

Multi-currency processing services revenue:

 

 

 

 

 

APAC:

 

 

 

 

 

Customer A

 

66

%

63

%

Customer E

 

 

 

13

 

North America:

 

 

 

 

 

Customer F

 

28

 

16

 

Customer G

 

36

 

53

 

Customer H

 

 

 

12

 

CEMEA:

 

 

 

 

 

Customer C

 

79

 

100

 

Customer I

 

21