|
Consolidated Balance Sheets (USD $)
|
Jun. 30, 2014
|
Dec. 31, 2013
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 27,365,274 |
$ 52,506,560 |
| Accounts receivable, net of allowance for doubtful accounts of $1,629,419 and $1,792,012 at June 30, 2014 and December 31, 2013, respectively |
156,800,541 |
109,662,529 |
| Income taxes receivable |
0 |
1,337,180 |
| Prepaid expenses |
2,156,093 |
2,510,791 |
| Deferred income taxes |
946,480 |
943,740 |
| Other current assets |
763,301 |
121,403 |
| Total current assets |
188,031,689 |
167,082,203 |
| Property and equipment, net |
19,759,467 |
15,536,831 |
| Intangible assets: |
|
|
| Goodwill |
77,136,242 |
51,650,060 |
| Intangible assets, net of accumulated amortization of $12,782,112 and $11,120,733 at June 30, 2014 and December 31, 2013, respectively |
33,135,867 |
10,647,246 |
| Other assets |
340,078 |
230,253 |
| Total assets |
318,403,343 |
245,146,593 |
| Current liabilities: |
|
|
| Accounts payable |
102,904,774 |
65,322,807 |
| Due to seller-short term |
5,929,256 |
5,763,779 |
| Accrued expenses |
15,728,063 |
8,322,117 |
| Notes Payable, Current |
17,507,500 |
0 |
| Accrued Income Taxes, Current |
1,516,425 |
0 |
| Total current liabilities |
143,586,018 |
79,408,703 |
| Due to seller-long term |
1,881,691 |
1,386,653 |
| Other noncurrent liabilities |
1,527,289 |
1,573,780 |
| Deferred income taxes |
3,641,389 |
3,547,426 |
| Total liabilities |
150,636,387 |
85,916,562 |
| Stockholders' equity: |
|
|
| Common stock, par value $0.0001 per share, 100,000,000 shares authorized, 23,024,024 and 22,900,471 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively |
2,304 |
2,291 |
| Additional paid-in capital |
108,694,538 |
106,831,802 |
| Retained earnings |
59,070,114 |
52,395,938 |
| Total stockholders' equity |
167,766,956 |
159,230,031 |
| Total liabilities and stockholders' equity |
$ 318,403,343 |
$ 245,146,593 |