XML 81 R61.htm IDEA: XBRL DOCUMENT v3.7.0.1
Income taxes - Income (Loss) before provision & Provision for income taxes (Details) - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Components of income (loss) before provision for income taxes by jurisdiction      
United States $ 6,013,718 $ 4,431,779 $ 2,563,036
Outside United States 3,628,628 1,960,309 1,397,812
Income from operations before benefit (provision) for income taxes 9,642,346 6,392,088 3,960,848
Current tax:      
United States-State and local 18,588 24,456 9,456
Outside United States 1,018,649 1,484,002 756,752
Total current tax 1,037,237 1,508,458 766,208
Deferred tax:      
United States-Federal (15,648,541) (5,840,470)  
United States-State and local (657,779) (352,782)  
Outside United States (160,573) 714,434 34,255
Total deferred tax (16,466,893) (5,478,818) 34,255
Provision for income taxes, net (15,429,656) (3,970,360) 800,463
Foreign Tax Receivable Expensed   700,000  
Deferred Tax Reversal   500,000  
Amount of deferred tax asset from which it is more likely than not that the Company would realize the benefit     29,900,000
Valuation allowance 928,701 20,561,516 28,500,000
Deferred tax liability 257,137 408,657 700,000
Deferred tax liability/ net deferred tax asset 22,673,206 $ 6,206,313 $ 700,000
Undistributed Earnings of Foreign Subsidiaries $ 25,700,000