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Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue:        
Net revenue $ 13,103,376 $ 12,683,359 $ 26,787,889 $ 24,816,129
Cost of revenue:        
Payment processing service fees 2,734,689 2,590,885 5,425,913 5,179,089
Processing and service costs 3,524,123 3,385,658 7,024,791 6,623,598
Total cost of revenue 6,258,812 5,976,543 12,450,704 11,802,687
Selling, general and administrative expenses 5,204,892 4,712,704 10,685,606 9,183,104
Restructuring charges 125,268   125,268  
Total operating expenses 11,588,972 10,689,247 23,261,578 20,985,791
Income from operations 1,514,404 1,994,112 3,526,311 3,830,338
Other (expense) income:        
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
Provision for income taxes (149,058) (105,319) (386,408) (215,732)
Net income $ 1,282,723 $ 1,875,328 $ 3,043,028 $ 3,586,954
Basic net income per share applicable to common stockholders ( in dollars per share) $ 0.02 $ 0.03 $ 0.06 $ 0.06
Diluted net income per share applicable to common stockholders (in dollars per share) $ 0.02 $ 0.03 $ 0.05 $ 0.06
Weighted-average common stock outstanding (basic) (in shares) 49,602,206 53,082,296 50,186,828 53,439,467
Weighted-average common stock outstanding (diluted) (in shares) 51,987,695 53,830,534 52,401,790 54,090,469