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Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue:        
Net revenue $ 13,621,239 $ 12,618,413 $ 40,409,128 $ 37,434,542
Cost of revenue:        
Payment processing service fees 2,781,289 2,692,090 8,207,202 7,871,179
Processing and service costs 2,878,088 3,776,232 9,902,879 10,399,830
Total cost of revenue 5,659,377 6,468,322 18,110,081 18,271,009
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
Total operating expenses 11,111,058 12,409,788 34,372,636 33,395,579
Income from operations 2,510,181 208,625 6,036,492 4,038,963
Other income (expense):        
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
Provision for income taxes (289,543) (92,674) (675,951) (308,406)
Net income $ 2,225,413 $ 105,971 $ 5,268,441 $ 3,692,925
Basic net income per share applicable to common stockholders ( in dollars per share) $ 0.04 $ 0.00 $ 0.10 $ 0.06
Diluted net income per share applicable to common stockholders (in dollars per share) $ 0.04 $ 0.00 $ 0.09 $ 0.06
Weighted-average common stock outstanding (basic) (in shares) 49,179,596 51,360,758 49,848,634 52,985,106
Weighted-average common stock outstanding (diluted) (in shares) 51,254,223 52,384,391 52,002,249 53,611,968