Segment information (Tables)

3 Months Ended

Mar. 31, 2017

Segment information

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

	Three Months Ended
	March 31,
	2017		2016
Net Revenue:
APAC	$	4,093,385	$	3,817,064
The Americas		2,969,152		2,185,374
EMEA		1,370,367		2,631,794
Total multi-currency processing services revenue		8,432,904		8,634,232
Payment processing services revenue		4,295,981		5,050,281
Net revenue	$	12,728,885	$	13,684,513
Gross Profit:
APAC	$	4,072,794	$	3,793,504
The Americas		2,796,896		2,034,688
EMEA		1,049,416		2,065,618
Total multi-currency processing services gross profit		7,919,106		7,893,810
Payment processing services gross profit		2,180,372		2,359,057
Total reportable segment gross profit		10,099,478		10,252,867
Corporate allocated cost of sales		2,678,275		2,760,246
Total gross profit	$	7,421,203	$	7,492,621
Income from operations before provision for income taxes:
Total gross profit	$	7,421,203	$	7,492,621
Selling, general and administrative expenses		5,287,338		5,480,714
Restructuring charges		65,458		—
Income from operations		2,068,407		2,011,907
Interest expense		(116,332)		(14,676)
Interest income		523		424
Total other expense, net		(115,809)		(14,252)
Income from operations before provision for income taxes	$	1,952,598	$	1,997,655

Schedule of concentration of revenue by customer by geographical region

	Three Months Ended
	March 31,
	2017		2016
Multi-currency processing services revenue:
APAC:
Customer A	58	%	59	%
The Americas:
Customer D	24		27
Customer F	*		10
Customer G	14		*
Customer I	14		*
EMEA:
Customer C	52		63
Customer H	43		35

(*)Less than 10% revenue concentration.