Segment information (Tables)

9 Months Ended

Sep. 30, 2016

Segment information

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

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
Net Revenue:
APAC	$	3,962,539	$	3,573,478	$	11,541,521	$	11,836,523
The Americas		2,634,887		1,870,722		7,264,448		5,114,772
EMEA		1,578,050		2,348,129		5,962,345		6,584,488
Total multi-currency processing services revenue		8,175,476		7,792,329		24,768,314		23,535,783
Payment processing services revenue		5,445,763		4,826,084		15,640,814		13,898,759
Net revenue	$	13,621,239	$	12,618,413	$	40,409,128	$	37,434,542
Gross Profit:
APAC	$	3,942,457	$	3,547,202	$	11,467,607	$	11,741,027
The Americas		2,470,294		1,761,686		6,766,889		4,799,928
EMEA		1,229,358		1,450,650		4,636,893		4,662,273
Total multi-currency processing services gross profit		7,642,109		6,759,538		22,871,389		21,203,228
Payment processing services gross profit		2,664,474		2,133,994		7,433,612		6,027,578
Total reportable segment gross profit		10,306,583		8,893,532		30,305,001		27,230,806
Corporate allocated cost of sales		2,344,721		2,743,441		8,005,954		8,067,273
Total gross profit	$	7,961,862	$	6,150,091	$	22,299,047	$	19,163,533
Income from operations before provision for income taxes:
Total gross profit	$	7,961,862	$	6,150,091	$	22,299,047	$	19,163,533
Selling, general and administrative expenses		5,222,560		5,657,740		15,908,166		14,840,844
Restructuring charges		229,121		283,726		354,389		283,726
Income from operations		2,510,181		208,625		6,036,492		4,038,963
Interest expense		(88,669)		(10,372)		(186,366)		(38,815)
Interest income		428		392		1,250		1,183
Other income		93,016		—		93,016		—
Total other income (expense), net		4,775		(9,980)		(92,100)		(37,632)
Income from operations before provision for income taxes	$	2,514,956	$	198,645	$	5,944,392	$	4,001,331

Schedule of concentration of revenue by customer by geographical region

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2016		2015		2016		2015
Multi-currency processing services revenue:
APAC:
Customer A	56	%	59	%	56	%	59	%
The Americas:
Customer D	22		*		22		10
Customer E	*		10		*		13
Customer F	*		19		*		19
Customer I	15		*		12		*
Customer J	15		*		11		*
EMEA:
Customer C	58		27		61		48
Customer H	37		72		37		52

(*)Less than 10% revenue concentration.