Segment information (Tables)

6 Months Ended

Jun. 30, 2016

Segment information

Schedule of revenue by segment and geographical region and reconciliations to consolidated revenue and gross profit

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2016		2015		2016		2015
Net Revenue:
APAC	$	3,761,918	$	4,226,769	$	7,578,982	$	8,263,045
The Americas		2,444,187		1,750,920		4,629,561		3,244,050
EMEA		1,752,501		2,084,000		4,384,295		4,236,359
Total multi-currency processing services revenue		7,958,606		8,061,689		16,592,838		15,743,454
Payment processing services revenue		5,144,770		4,621,670		10,195,051		9,072,675
Net revenue	$	13,103,376	$	12,683,359	$	26,787,889	$	24,816,129
Gross Profit:
APAC	$	3,731,646	$	4,187,113	$	7,525,150	$	8,193,825
The Americas		2,261,907		1,641,963		4,296,595		3,038,241
EMEA		1,341,917		1,545,619		3,407,535		3,211,623
Total multi-currency processing services gross profit		7,335,470		7,374,695		15,229,280		14,443,689
Payment processing services gross profit		2,410,081		2,030,784		4,769,138		3,893,585
Total reportable segment gross profit		9,745,551		9,405,479		19,998,418		18,337,274
Corporate allocated cost of sales		2,900,987		2,698,663		5,661,233		5,323,832
Total gross profit	$	6,844,564	$	6,706,816	$	14,337,185	$	13,013,442
Income from operations before provision for income taxes:
Total gross profit	$	6,844,564	$	6,706,816	$	14,337,185	$	13,013,442
Selling, general and administrative expenses		5,204,892		4,712,704		10,685,606		9,183,104
Restructuring charges		125,268		—		125,268		—
Income from operations		1,514,404		1,994,112		3,526,311		3,830,338
Interest expense		(83,021)		(13,830)		(97,697)		(28,443)
Interest income		398		365		822		791
Total other expense, net		(82,623)		(13,465)		(96,875)		(27,652)
Income from operations before provision for income taxes	$	1,431,781	$	1,980,647	$	3,429,436	$	3,802,686

Schedule of concentration of revenue by customer by geographical region

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2016		2015		2016		2015
Multi-currency processing services revenue:
APAC:
Customer A	52	%	57	%	56	%	59	%
The Americas:
Customer D	19		*		23		12
Customer E	*		16		*		15
Customer F	*		19		*		19
Customer I	13		*		10		*
Customer J	11		*		*		*
EMEA:
Customer C	60		55		62		59
Customer H	39		45		37		41

(*)Less than 10% revenue concentration.