Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED)

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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues $ 24,300,120 $ 23,289,448 $ 71,486,478 $ 69,160,381
Cost of revenues 16,436,276 16,254,419 48,933,171 49,005,379
Research and development expenses 752,847 680,414 2,367,964 2,697,121
Selling and marketing expenses 1,458,622 1,187,872 4,913,076 3,810,662
General and administrative expenses 3,122,853 4,089,442 11,149,640 12,270,493
Amortization of intangible assets 698,297 720,117 2,164,937 2,286,384
Total operating costs and expenses 22,468,895 22,932,264 69,528,788 70,070,039
Operating income (loss) 1,831,225 357,184 1,957,690 (909,658)
Other income (expense) 3,481 (105,709) 49,913 (55,678)
Financial expense, net (227,474) (316,766) (769,328) (887,771)
Total other expense (223,993) (422,475) (719,415) (943,449)
Income (loss) from continuing operations before income tax expense 1,607,232 (65,291) 1,238,275 (1,853,107)
Income tax expense 101,992 289,905 684,272 899,629
Income (loss) from continuing operations 1,505,240 (355,196) 554,003 (2,752,736)
Loss from discontinued operations (869,302) (262,775) (1,361,787) (590,882)
Net income (loss) 635,938 (617,971) (807,784) (3,343,618)
Other comprehensive income (loss), net of income tax:        
Foreign currency translation adjustment 344,837 (489,365) 406,892 (106,019)
Comprehensive income (loss) $ 980,775 $ (1,107,336) $ (400,892) $ (3,449,637)
Income (loss) per share of common stock:        
Basic – continuing operations (in Dollars per share) $ 0.06 $ (0.02) $ 0.02 $ (0.12)
Basic – discontinued operations (in Dollars per share) (0.04) (0.01) (0.05) (0.02)
Basic net income (loss) per share (in Dollars per share) 0.02 (0.03) (0.03) (0.14)
Diluted – continuing operations (in Dollars per share) 0.06 (0.02) 0.02 (0.12)
Diluted – discontinued operations (in Dollars per share) (0.04) (0.01) (0.05) (0.02)
Diluted net income (loss) per share (in Dollars per share) $ 0.02 $ (0.03) $ (0.03) $ (0.14)
Weighted average number of shares used in computing basic net income (loss) per share (in Shares) 26,215,049 23,684,904 26,125,819 23,452,773
Weighted average number of shares used in computing diluted net income (loss) per share (in Shares) 26,215,049 23,684,904 26,125,819 23,452,773