Schedule II - Valuation and qualifying accounts

12 Months Ended

Dec. 31, 2015

Schedule II - Valuation and qualifying accounts

Schedule II - Valuation and qualifying accounts

Planet Payment, Inc.

Schedule II—Valuation and qualifying accounts

	Balance at		Additions						Balance at
	beginning of		charged to				Other		end of
Description	period		expenses		Deductions		adjustments		period
As of December 31, 2015:
Allowance for doubtful accounts	$	108,765	$	8,388	$	(24,799)	$	—	$	92,354
Deferred tax valuation allowance(1)		28,475,080		653,947		(8,567,511)		—		20,561,516
As of December 31, 2014:
Allowance for doubtful accounts	$	169,674	$	46,652	$	(107,561)	$	—	$	108,765
Deferred tax valuation allowance(2)		29,416,464		843,479		(1,784,863)		—		28,475,080
As of December 31, 2013:
Allowance for doubtful accounts(3)	$	1,484,087	$	326,457	$	(1,640,870)	$	—	$	169,674
Deferred tax valuation allowance(4)		29,238,264		903,463		(725,263)		—		29,416,464

(1) For the year ended December 31, 2015, the deferred tax valuation allowance was decreased by $7.9 million primarily due to the Company utilizing net operating losses and anticipated net operating loss to be used.

(2) For the year ended December 31, 2014, the deferred tax valuation allowance was decreased by $0.9 million primarily due to the Company utilizing net operating losses.

(3) 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.

(4) 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.