Segment information (Tables)

6 Months Ended

Jun. 30, 2017

Segment information

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

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2017		2016		2017		2016
Net Revenue:
APAC	$	4,143,965	$	3,761,918	$	8,237,350	$	7,578,982
The Americas		3,226,629		2,444,187		6,195,781		4,629,561
EMEA		1,140,372		1,752,501		2,510,739		4,384,295
Total multi-currency processing services revenue		8,510,966		7,958,606		16,943,870		16,592,838
Payment processing services revenue		4,005,417		5,144,770		8,301,398		10,195,051
Net revenue	$	12,516,383	$	13,103,376	$	25,245,268	$	26,787,889
Gross Profit:
APAC	$	4,118,537	$	3,731,646	$	8,191,331	$	7,525,150
The Americas		3,001,927		2,261,907		5,798,823		4,296,595
EMEA		913,809		1,341,917		1,963,225		3,407,535
Total multi-currency processing services gross profit		8,034,273		7,335,470		15,953,379		15,229,280
Payment processing services gross profit		1,919,972		2,410,081		4,100,344		4,769,138
Total reportable segment gross profit		9,954,245		9,745,551		20,053,723		19,998,418
Corporate allocated cost of sales		2,728,553		2,900,987		5,406,828		5,661,233
Total gross profit	$	7,225,692	$	6,844,564	$	14,646,895	$	14,337,185
Income from operations before provision for income taxes:
Total gross profit	$	7,225,692	$	6,844,564	$	14,646,895	$	14,337,185
Selling, general and administrative expenses		4,681,705		5,204,892		9,969,043		10,685,606
Restructuring charges		7,284		125,268		72,742		125,268
Income from operations		2,536,703		1,514,404		4,605,110		3,526,311
Interest expense		(92,813)		(83,021)		(209,145)		(97,697)
Interest income		585		398		1,108		822
Total other expense, net		(92,228)		(82,623)		(208,037)		(96,875)
Income from operations before provision for income taxes	$	2,444,475	$	1,431,781	$	4,397,073	$	3,429,436

Schedule of concentration of revenue by customer by geographical region

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2017		2016		2017		2016
Multi-currency processing services revenue:
APAC:
Customer A	58	%	52	%	58	%	56	%
The Americas:
Customer D	13		19		18		23
Customer G	10		*		12		*
Customer I	11		13		12		10
Customer J	11		11		10		*
EMEA:
Customer C	44		60		48		62
Customer H	36		39		39		37

(*)Less than 10% revenue concentration.