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Consolidated Statements of Income - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue:        
Net revenue $ 13,805,324 $ 13,621,239 $ 39,050,592 $ 40,409,128
Cost of revenue:        
Payment processing service fees 2,364,028 2,781,289 6,565,082 8,207,202
Processing and service costs 3,031,105 2,878,088 9,428,424 9,902,879
Total cost of revenue 5,395,133 5,659,377 15,993,506 18,110,081
Selling, general and administrative expenses 4,621,566 5,222,560 14,590,609 15,908,166
Restructuring charges   229,121 72,742 354,389
Total operating expenses 10,016,699 11,111,058 30,656,857 34,372,636
Income from operations 3,788,625 2,510,181 8,393,735 6,036,492
Other income (expense):        
Interest expense (12,863) (88,669) (222,008) (186,366)
Interest income 644 428 1,752 1,250
Other income 111,613 93,016 111,613 93,016
Total other income (expense), net 99,394 4,775 (108,643) (92,100)
Income from operations before provision for income taxes 3,888,019 2,514,956 8,285,092 5,944,392
Provision for income taxes (192,920) (289,543) (1,202,924) (675,951)
Net income $ 3,695,099 $ 2,225,413 $ 7,082,168 $ 5,268,441
Basic net income per share applicable to common stockholders ( in dollars per share) $ 0.07 $ 0.04 $ 0.13 $ 0.10
Diluted net income per share applicable to common stockholders (in dollars per share) $ 0.07 $ 0.04 $ 0.13 $ 0.09
Weighted-average common stock outstanding (basic) (in shares) 49,391,614 49,179,596 49,184,276 49,848,634
Weighted-average common stock outstanding (diluted) (in shares) 51,261,769 51,254,223 51,297,019 52,002,249