|
Consolidated Balance Sheets (USD $)
|
Sep. 30, 2014
|
Dec. 31, 2013
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 30,101,634 |
$ 52,506,560 |
| Accounts receivable, net of allowance for doubtful accounts of $1,531,790 and $1,792,012 at September 30, 2014 and December 31, 2013, respectively |
163,067,296 |
109,662,529 |
| Income taxes receivable |
0 |
1,337,180 |
| Prepaid expenses |
2,220,604 |
2,510,791 |
| Deferred income taxes |
946,480 |
943,740 |
| Other current assets |
145,432 |
121,403 |
| Total current assets |
196,481,446 |
167,082,203 |
| Property and equipment, net |
21,216,183 |
15,536,831 |
| Intangible assets: |
|
|
| Goodwill |
77,898,547 |
51,650,060 |
| Intangible assets, net of accumulated amortization of $13,924,780 and $11,120,733 at September 30, 2014 and December 31, 2013, respectively |
31,993,199 |
10,647,246 |
| Other assets |
301,775 |
230,253 |
| Total assets |
327,891,150 |
245,146,593 |
| Current liabilities: |
|
|
| Accounts payable |
103,970,759 |
65,322,807 |
| Due to seller-short term |
4,493,221 |
5,763,779 |
| Accrued expenses |
18,682,144 |
8,322,117 |
| Notes payable |
17,507,500 |
0 |
| Income tax payable |
1,319,540 |
0 |
| Total current liabilities |
145,973,164 |
79,408,703 |
| Due to seller-long term |
2,367,361 |
1,386,653 |
| Other noncurrent liabilities |
1,483,254 |
1,573,780 |
| Deferred income taxes |
3,365,275 |
3,547,426 |
| Total liabilities |
153,189,054 |
85,916,562 |
| Stockholders' equity: |
|
|
| Common stock, par value $0.0001 per share, 100,000,000 shares authorized, 23,066,829 and 22,900,471 shares issued and outstanding at September 30, 2014 and December 31, 2013, respectively |
2,309 |
2,291 |
| Additional paid-in capital |
110,172,069 |
106,831,802 |
| Retained earnings |
64,527,718 |
52,395,938 |
| Total stockholders' equity |
174,702,096 |
159,230,031 |
| Total liabilities and stockholders' equity |
$ 327,891,150 |
$ 245,146,593 |