|
Consolidated Balance Sheets (USD $)
|
Mar. 31, 2015
|
Dec. 31, 2014
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 17,180,589 |
$ 32,542,119 |
| Accounts receivable, net of allowance for doubtful accounts of $1,006,448 and $1,226,297 at March 31, 2015 and December 31, 2014, respectively |
151,926,246 |
145,198,419 |
| Income taxes receivable |
4,469,476 |
1,968,511 |
| Prepaid expenses |
2,801,115 |
2,849,011 |
| Deferred income taxes |
339,829 |
995,171 |
| Other current assets |
1,224,567 |
2,114,356 |
| Total current assets |
177,941,822 |
185,667,587 |
| Property and equipment, net |
21,345,123 |
21,276,709 |
| Intangible assets: |
|
|
| Goodwill |
82,108,849 |
77,909,537 |
| Intangible assets, net of accumulated amortization of $16,178,648 and $15,046,556 at March 31, 2015 and December 31, 2014, respectively |
32,739,331 |
30,871,423 |
| Other assets |
608,406 |
318,938 |
| Total assets |
314,743,531 |
316,044,194 |
| Current liabilities: |
|
|
| Accounts payable |
99,414,366 |
85,999,784 |
| Due to seller-short term |
2,286,735 |
4,243,088 |
| Accrued expenses |
12,881,085 |
19,496,000 |
| Other current liabilities |
3,725,000 |
17,507,500 |
| Total current liabilities |
118,307,186 |
127,246,372 |
| Due to seller-long term |
1,782,576 |
1,087,990 |
| Other noncurrent liabilities |
1,572,136 |
1,502,019 |
| Deferred income taxes |
5,933,562 |
4,333,635 |
| Total liabilities |
127,595,460 |
134,170,016 |
| Stockholders' equity: |
|
|
| Common stock, par value $0.0001 per share, 100,000,000 shares authorized, 23,415,573 and 23,207,051 shares issued and outstanding at March 31, 2015 and December 31, 2014, respectively |
2,343 |
2,322 |
| Additional paid-in capital |
114,634,455 |
112,688,360 |
| Retained earnings |
72,511,273 |
69,183,496 |
| Total stockholders' equity |
187,148,071 |
181,874,178 |
| Total liabilities and stockholders' equity |
$ 314,743,531 |
$ 316,044,194 |