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Consolidated Statements of Income - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenue:    
Net revenue $ 12,728,885 $ 13,684,513
Cost of revenue:    
Payment processing service fees 2,115,609 2,691,224
Processing and service costs 3,192,073 3,500,668
Total cost of revenue 5,307,682 6,191,892
Selling, general and administrative expenses 5,287,338 5,480,714
Restructuring charges 65,458  
Total operating expenses 10,660,478 11,672,606
Income from operations 2,068,407 2,011,907
Other (expense) income:    
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
Provision for income taxes (535,058) (237,350)
Net income $ 1,417,540 $ 1,760,305
Basic net income per share applicable to common stockholders ( in dollars per share) $ 0.03 $ 0.03
Diluted net income per share applicable to common stockholders (in dollars per share) $ 0.03 $ 0.03
Weighted-average common stock outstanding (basic) (in shares) 48,917,601 50,771,451
Weighted-average common stock outstanding (diluted) (in shares) 51,353,807 52,062,499