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Segment information (Tables)
6 Months Ended
Jun. 30, 2013
Segment information  
Schedule of revenue by segment and geographical region and reconciliations to consolidated revenue and gross profit

 

 

 

Three months ended
June 30,

 

Six months ended
June 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

Net Revenue:

 

 

 

 

 

 

 

 

 

APAC

 

$

3,795,160

 

$

4,064,492

 

$

7,511,832

 

$

8,254,260

 

North America

 

1,657,383

 

1,106,674

 

3,118,484

 

2,076,259

 

CEMEA

 

1,994,644

 

1,668,894

 

4,647,600

 

4,032,166

 

Total multi-currency processing services revenue

 

7,447,187

 

6,840,060

 

15,277,916

 

14,362,685

 

Payment processing services revenue

 

4,317,476

 

3,276,978

 

8,572,810

 

7,435,289

 

Net revenue

 

$

11,764,663

 

$

10,117,038

 

$

23,850,726

 

$

21,797,974

 

Gross Profit:

 

 

 

 

 

 

 

 

 

APAC

 

$

3,775,477

 

$

4,064,492

 

$

7,459,481

 

$

8,254,260

 

North America

 

1,633,102

 

1,106,674

 

3,069,268

 

2,076,259

 

CEMEA

 

1,655,830

 

1,668,894

 

3,924,884

 

4,032,166

 

Total multi-currency processing services gross profit

 

7,064,409

 

6,840,060

 

14,453,633

 

14,362,685

 

Payment processing services gross profit

 

1,568,542

 

842,731

 

3,021,587

 

2,217,450

 

Total gross profit

 

$

8,632,951

 

$

7,682,791

 

$

17,475,220

 

$

16,580,135

 

Schedule of concentration of revenue by customer by geographical region

 

 

 

 

Three months
ended
June 30,

 

Six months
ended
June 30,

 

 

 

2013

 

2012

 

2013

 

2012

 

Multi-currency processing services revenue:

 

 

 

 

 

 

 

 

 

APAC:

 

 

 

 

 

 

 

 

 

Customer A

 

63

%

61

%

64

%

62

%

Customer E

 

 

 

13

 

 

 

13

 

North America:

 

 

 

 

 

 

 

 

 

Customer F

 

29

 

16

 

29

 

16

 

Customer G

 

27

 

43

 

31

 

47

 

Customer H

 

11

 

11

 

10

 

12

 

CEMEA:

 

 

 

 

 

 

 

 

 

Customer C

 

74

 

100

 

77

 

100

 

Customer I

 

26

 

 

 

23