$MULN
MULLEN AUTOMOTIVE INC.

2019 Q1 Form 10-K Financial Statement

#000143774919006242 Filed on April 01, 2019

View on sec.gov

Income Statement

Concept 2019 Q1 2018 2017 Q4
Revenue $15.05M $65.79M $15.46M
YoY Change -5.85% 9.53% 0.91%
Cost Of Revenue $12.26M $55.62M $13.70M
YoY Change -9.98% 8.55% 4.26%
Gross Profit $2.787M $10.17M $1.760M
YoY Change 18.09% 15.2% -19.27%
Gross Profit Margin 18.52% 15.46% 11.38%
Selling, General & Admin $2.385M $9.759M $4.800M
YoY Change -2.52% -8.19% 26.65%
% of Gross Profit 85.57% 95.96% 272.73%
Research & Development $40.00K $154.5K
YoY Change -33.33%
% of Gross Profit 1.44% 1.52%
Depreciation & Amortization $851.2K $2.455M $670.0K
YoY Change 21.6% -3.13% -30.93%
% of Gross Profit 30.54% 24.14% 38.07%
Operating Expenses $15.85M $70.12M $5.480M
YoY Change -6.61% 2.12% 15.13%
Operating Profit -$803.4K -$4.331M -$3.720M
YoY Change -18.79% -49.62% 44.19%
Interest Expense $245.1K $847.2K -$300.0K
YoY Change 0.75% -28.79% 7.14%
% of Operating Profit
Other Income/Expense, Net -$86.39K $791.6K -$90.00K
YoY Change -75.37% 235.4% -550.0%
Pretax Income -$1.135M -$4.008M -$4.100M
YoY Change -28.33% -60.02% 44.37%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$1.121M -$4.936M -$4.080M
YoY Change -30.42% -50.21% 44.68%
Net Earnings / Revenue -7.45% -7.5% -26.39%
Basic Earnings Per Share
Diluted Earnings Per Share -$56.00 -$1.276M -$408.00
COMMON SHARES
Basic Shares Outstanding 3.865M
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q1 2018 2017 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $500.0K $1.645M $11.30M
YoY Change -94.57% -85.42% 1783.33%
Cash & Equivalents $477.0K $11.29M
Short-Term Investments
Other Short-Term Assets $1.400M $1.749M $2.300M
YoY Change -26.32% -23.37% 53.33%
Inventory
Prepaid Expenses
Receivables $5.135M $6.290M $5.473M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $7.038M $9.685M $19.04M
YoY Change -56.56% -49.14% 106.61%
LONG-TERM ASSETS
Property, Plant & Equipment $21.85K $25.34K $58.27K
YoY Change -78.15% -56.51% -50.32%
Goodwill $9.008M $9.644M
YoY Change 0.0%
Intangibles $6.331M $3.128M
YoY Change
Long-Term Investments
YoY Change
Other Assets $654.8K $604.1K $460.5K
YoY Change 30.95% 31.17% -23.66%
Total Long-Term Assets $16.49M $16.08M $13.29M
YoY Change 25.85% 20.98% -4.96%
TOTAL ASSETS
Total Short-Term Assets $7.038M $9.685M $19.04M
Total Long-Term Assets $16.49M $16.08M $13.29M
Total Assets $23.52M $25.76M $32.33M
YoY Change -19.71% -20.31% 39.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.301M $6.368M $6.785M
YoY Change -17.17% -6.15% -9.65%
Accrued Expenses $2.753M $2.536M $3.212M
YoY Change -21.33% -30.98% -41.79%
Deferred Revenue $972.7K $1.713M
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $330.7K $433.5K $2.494M
YoY Change -77.95% -82.62% 208.29%
Total Short-Term Liabilities $9.721M $11.22M $14.67M
YoY Change -22.24% -23.49% -5.33%
LONG-TERM LIABILITIES
Long-Term Debt $5.960M $5.946M $4.521M
YoY Change 19.21% 31.51% 25.05%
Other Long-Term Liabilities $400.0K
YoY Change
Total Long-Term Liabilities $5.960M $5.946M $4.521M
YoY Change 19.21% 31.51% 25.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.721M $11.22M $14.67M
Total Long-Term Liabilities $5.960M $5.946M $4.521M
Total Liabilities $16.06M $17.04M $19.19M
YoY Change -8.22% -11.0% -0.31%
SHAREHOLDERS EQUITY
Retained Earnings -$173.4M -$167.4M
YoY Change 6.3%
Common Stock $386.00 $183.1M
YoY Change 11.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.600M $8.722M $13.20M
YoY Change
Total Liabilities & Shareholders Equity $23.52M $25.76M $32.33M
YoY Change -19.71% -20.31% 39.54%

Cashflow Statement

Concept 2019 Q1 2018 2017 Q4
OPERATING ACTIVITIES
Net Income -$1.121M -$4.936M -$4.080M
YoY Change -30.42% -50.21% 44.68%
Depreciation, Depletion And Amortization $851.2K $2.455M $670.0K
YoY Change 21.6% -3.13% -30.93%
Cash From Operating Activities -$237.8K -$3.267M -$2.460M
YoY Change -79.1% -35.5% 11.31%
INVESTING ACTIVITIES
Capital Expenditures $410.0K $114.9K $100.0K
YoY Change 11.22% -108.62%
Acquisitions
YoY Change
Other Investing Activities -$650.0K -$5.413M -$440.0K
YoY Change 62.5% 211.95% -66.67%
Cash From Investing Activities -$1.064M -$5.528M -$540.0K
YoY Change 164.81% 200.67% 237.5%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $0.00
YoY Change -100.0%
Debt Paid & Issued, Net $102.7K $2.785M
YoY Change -80.09% 178.85%
Cash From Financing Activities 197.0K -653.6K 13.37M
YoY Change -135.89% -103.72% 664.0%
NET CHANGE
Cash From Operating Activities -237.8K -3.267M -2.460M
Cash From Investing Activities -1.064M -5.528M -540.0K
Cash From Financing Activities 197.0K -653.6K 13.37M
Net Change In Cash -1.118M -9.484M 10.37M
YoY Change -46.58% -189.14% -1772.58%
FREE CASH FLOW
Cash From Operating Activities -$237.8K -$3.267M -$2.460M
Capital Expenditures $410.0K $114.9K $100.0K
Free Cash Flow -$647.8K -$3.382M -$2.560M
YoY Change -34.56% 143.81%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2018 dei Entity Central Index Key
EntityCentralIndexKey
0001499961
CY2018 dei Amendment Flag
AmendmentFlag
false
CY2018 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2018 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2018 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
CY2018 dei Document Period End Date
DocumentPeriodEndDate
2018-12-31
CY2018 dei Document Type
DocumentType
10-K
CY2019Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
3865467
CY2018 dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
CY2018Q2 dei Entity Public Float
EntityPublicFloat
22904233
CY2018 dei Entity Shell Company
EntityShellCompany
false
CY2018 dei Entity Small Business
EntitySmallBusiness
true
CY2018 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2018 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2018Q4 nete Accrued Foreign Taxes
AccruedForeignTaxes
-45952
CY2017Q4 nete Accrued Foreign Taxes
AccruedForeignTaxes
137141
CY2018Q4 nete Accrued Pay Online Current
AccruedPayOnlineCurrent
1126273
CY2017Q4 nete Accrued Pay Online Current
AccruedPayOnlineCurrent
1438900
CY2018 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2018 dei Entity Registrant Name
EntityRegistrantName
Net Element, Inc.
CY2018 dei Trading Symbol
TradingSymbol
nete
CY2018 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2018Q4 nete Deferred Tax Assets Goodwill
DeferredTaxAssetsGoodwill
1161577
CY2017Q4 nete Deferred Tax Assets Goodwill
DeferredTaxAssetsGoodwill
1471976
CY2018Q4 nete Deferred Tax Assets Intangible Assets
DeferredTaxAssetsIntangibleAssets
1564483
CY2017Q4 nete Deferred Tax Assets Intangible Assets
DeferredTaxAssetsIntangibleAssets
1313547
CY2018Q4 nete Deferred Tax Assets Stock Price Guarantee Adjustment
DeferredTaxAssetsStockPriceGuaranteeAdjustment
CY2017Q4 nete Deferred Tax Assets Stock Price Guarantee Adjustment
DeferredTaxAssetsStockPriceGuaranteeAdjustment
CY2018Q4 nete Deferred Tax Liabilities Tax Deferred Expense Compensation And Benefits Sharebased Compensation Cost
DeferredTaxLiabilitiesTaxDeferredExpenseCompensationAndBenefitsSharebasedCompensationCost
356049
CY2018 nete Effective Income Tax Rate Reconciliation Currency Translation Adjustment Percent
EffectiveIncomeTaxRateReconciliationCurrencyTranslationAdjustmentPercent
0.052
CY2017 nete Effective Income Tax Rate Reconciliation Currency Translation Adjustment Percent
EffectiveIncomeTaxRateReconciliationCurrencyTranslationAdjustmentPercent
-0.022
CY2018 nete Gross Profit Percentage
GrossProfitPercentage
0.15
CY2017 nete Gross Profit Percentage
GrossProfitPercentage
0.15
CY2018 nete Irc Section382 Pre Change Losses Carryforward Limitation Annual
IRCSection382PreChangeLossesCarryforwardLimitationAnnual
2400000
CY2015Q2 nete Increase Decrease In Common Stock Shares Authorized
IncreaseDecreaseInCommonStockSharesAuthorized
100000000
CY2017Q4 nete Increase Decrease In Common Stock Shares Authorized
IncreaseDecreaseInCommonStockSharesAuthorized
-300000000
CY2018Q4 nete Inventory Of Pos Terminals
InventoryOfPOSTerminals
526000
CY2017Q4 nete Inventory Of Pos Terminals
InventoryOfPOSTerminals
507000
CY2018Q4 nete Operating Loss Carryforwards After Change Of Ownership
OperatingLossCarryforwardsAfterChangeOfOwnership
20600000
CY2018Q4 nete Operating Loss Carryforwards Cumulative Amount Release From Section382
OperatingLossCarryforwardsCumulativeAmountReleaseFromSection382
10900000
CY2018Q4 nete Operating Loss Carryforwards Subject To Irc Section382
OperatingLossCarryforwardsSubjectToIrcSection382
31500000
CY2018Q4 nete Pos Terminals Placed With Merchants
POSTerminalsPlacedWithMerchants
727000
CY2017Q4 nete Pos Terminals Placed With Merchants
POSTerminalsPlacedWithMerchants
501000
CY2018 nete Proceeds From Excess Deposits
ProceedsFromExcessDeposits
CY2017 nete Proceeds From Excess Deposits
ProceedsFromExcessDeposits
149826
CY2018 nete Shares Issued For Redemption Of Indebtedness
SharesIssuedForRedemptionOfIndebtedness
CY2017 nete Shares Issued For Redemption Of Indebtedness
SharesIssuedForRedemptionOfIndebtedness
379874
CY2018 nete Shares Issued In Settlement Of Related Party Debt
SharesIssuedInSettlementOfRelatedPartyDebt
CY2017 nete Shares Issued In Settlement Of Related Party Debt
SharesIssuedInSettlementOfRelatedPartyDebt
378253
CY2017 nete Stock Issued During Period Value Debt Restructuring
StockIssuedDuringPeriodValueDebtRestructuring
758194
CY2017 nete Stock Issued During Period Value Esousa Or Cobblestone Agreement
StockIssuedDuringPeriodValueEsousaOrCobblestoneAgreement
15004405
CY2017 nete Stock Issued During Period Value Reverse Stock Splits
StockIssuedDuringPeriodValueReverseStockSplits
1
CY2017 nete Stock Issued During Period Value Settle Merchant Liabilities
StockIssuedDuringPeriodValueSettleMerchantLiabilities
252223
CY2018Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
6368444
CY2017Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
6785459
CY2018Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
6290412
CY2017Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5472856
CY2018Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
1157556
CY2017Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
1249852
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2535947
CY2017Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3212438
CY2018Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
174915
CY2017Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
241281
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2232163
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2530238
CY2018Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
183246232
CY2017Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
183119222
CY2018 us-gaap Advertising Expense
AdvertisingExpense
154000
CY2017 us-gaap Advertising Expense
AdvertisingExpense
89000
CY2018 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
142017
CY2017 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2940424
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
214000
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
257000
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2100000
CY2017 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2300000
CY2018Q4 us-gaap Assets
Assets
25764014
CY2017Q4 us-gaap Assets
Assets
32331430
CY2018Q4 us-gaap Assets Current
AssetsCurrent
9685114
CY2017Q4 us-gaap Assets Current
AssetsCurrent
19041139
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
1645481
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11285669
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2249551
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11733271
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1094063
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9483720
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
10639208
CY2018Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
600000
CY2017Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
10600000
CY2018Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2018Q4 us-gaap Common Stock Share Subscribed But Unissued Subscriptions Receivable
CommonStockShareSubscribedButUnissuedSubscriptionsReceivable
CY2017Q4 us-gaap Common Stock Share Subscribed But Unissued Subscriptions Receivable
CommonStockShareSubscribedButUnissuedSubscriptionsReceivable
50585
CY2018Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2015Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000
CY2016Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2018Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3863019
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
3853100
CY2018Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3863019
CY2017Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
3853100
CY2018Q4 us-gaap Common Stock Value
CommonStockValue
386
CY2017Q4 us-gaap Common Stock Value
CommonStockValue
385
CY2018 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-4638107
CY2017 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-9957108
CY2018Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1495849
CY2017Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1712591
CY2018 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
55617171
CY2017 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
51237212
CY2017 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0
CY2018 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
0
CY2018Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
6512268
CY2017Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
7124402
CY2018Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
132774
CY2017Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
108980
CY2018 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0
CY2017 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
0
CY2018Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
CY2017Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
CY2018Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
CY2017Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
CY2018Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
CY2017Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
CY2018Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
15657776
CY2017Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
14800451
CY2018Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
CY2017Q4 us-gaap Deferred Tax Assets Property Plant And Equipment
DeferredTaxAssetsPropertyPlantAndEquipment
8792
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
741275
CY2018Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
CY2017Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Allowance For Doubtful Accounts
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts
CY2018Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
18027787
CY2017Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
18336041
CY2018Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
CY2017Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Goodwill
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsGoodwill
CY2018Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
CY2017Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
CY2018Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
CY2017Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
CY2018 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2454637
CY2017 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2533985
CY2018 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2454637
CY2017 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2533985
CY2018Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
387814
CY2017Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
461992
CY2018 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.28
CY2017 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-5.04
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
-0.122
CY2018 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.017
CY2017 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.009
CY2018 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-34399
CY2017 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-20899
CY2018 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.017
CY2017 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.009
CY2018 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.34
CY2018 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.292
CY2017 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.289
CY2018 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.051
CY2017 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.041
CY2018 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Foreign
EffectiveIncomeTaxRateReconciliationTaxSettlementsForeign
-0.021
CY2017 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements Foreign
EffectiveIncomeTaxRateReconciliationTaxSettlementsForeign
0.052
CY2018 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
142017
CY2017 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
2940424
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
11404732
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
10760466
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1561829
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
250894
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
1505362
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1561829
CY2018Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1561829
CY2018Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
17846476
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
13888226
CY2018Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6441743
CY2017Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
3127760
CY2018 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
67002
CY2018 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
636000
CY2017 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2018 us-gaap Gross Profit
GrossProfit
10169646
CY2017 us-gaap Gross Profit
GrossProfit
8827612
CY2017 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-11214581
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-7865421
CY2017 us-gaap Foreign Income Tax Expense Benefit Continuing Operations
ForeignIncomeTaxExpenseBenefitContinuingOperations
70033
CY2018 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9758688
CY2017 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10629773
CY2018Q4 us-gaap Goodwill
Goodwill
9007752
CY2017Q4 us-gaap Goodwill
Goodwill
9643752
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-4007669
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-10023049
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
7206912
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
-2157628
CY2018 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
CY2017 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
CY2018 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
61871
CY2017 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
86942
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
971202
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2943154
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1503755
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3002425
CY2018 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-216742
CY2017 us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
356619
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-384403
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1047811
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
6441743
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
25764014
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
32331430
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
11221502
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
3127760
CY2018 us-gaap Interest Expense
InterestExpense
847179
CY2017 us-gaap Interest Expense
InterestExpense
1189622
CY2018 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-847179
CY2017 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-1189622
CY2018 us-gaap Interest Paid Net
InterestPaidNet
773737
CY2017 us-gaap Interest Paid Net
InterestPaidNet
1074820
CY2018Q4 us-gaap Interest Payable Current
InterestPayableCurrent
108202
CY2017Q4 us-gaap Interest Payable Current
InterestPayableCurrent
145264
CY2018 us-gaap Inventory Write Down
InventoryWriteDown
296000
CY2017 us-gaap Inventory Write Down
InventoryWriteDown
189000
CY2018Q4 us-gaap Liabilities
Liabilities
17167548
CY2017Q4 us-gaap Liabilities
Liabilities
19187902
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
14666453
CY2018Q4 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
10800000
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
6379494
CY2017Q4 us-gaap Long Term Debt
LongTermDebt
7015422
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
433448
CY2017Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2493973
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
433448
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
811360
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
4154137
CY2018Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1113323
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
5946046
CY2017Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4521449
CY2018Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
5946046
CY2017Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
4521449
CY2017 us-gaap Operating Income Loss
OperatingIncomeLoss
-8597418
CY2018Q4 us-gaap Minority Interest
MinorityInterest
-125737
CY2017Q4 us-gaap Minority Interest
MinorityInterest
-39186
CY2018 us-gaap Nature Of Operations
NatureOfOperations
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><div style="display: inline; font-weight: bold;">NOTE <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1.</div> ORGANIZATION AND OPERATIONS</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><div style="display: inline; font-weight: bold;">&nbsp;</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Net Element, Inc. (collectively with its subsidiaries, &#x201c;Net Element&#x201d;, &#x201c;we&#x201d;, &#x201c;us&#x201d;, &#x201c;our&#x201d; or the &#x201c;Company&#x201d;) is a financial technology-driven group specializing in payment acceptance and value-added solutions across multiple channels in the United States and selected international markets. We are differentiated by our proprietary technology which enables us to provide a broad suite of payment products and end-to-end transaction processing services. Our transactional services business enables merchants to accept credit cards as well as other forms of payment, including debit cards, checks, gift cards, loyalty programs and alternative payment methods in traditional card-present or swipe transactions, as well as card-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div>-present transactions, such as those conducted over the phone or through the Internet or a mobile device. For the year ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 31, 2018, </div>we operated in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">two</div> reportable business operating segments: (i) North American Transaction Solutions, and (ii) International Transaction Solutions. During the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">fourth</div> quarter of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2017,</div> we combined our online and mobile payments operations into <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">one</div> segment, International Transaction Solutions. Prior to that we had operated in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> segments.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">We are able to deliver our services across multiple points of access, or &#x201c;multi-channel,&#x201d; including brick and mortar locations, software integration, e-commerce, mobile operator billing, mobile and tablet-based solutions. In the United States, via our U.S. based subsidiaries, we generate revenues from transactional services and other payment technologies for small and medium-sized businesses. Through PayOnline, we provide transactional services, mobile payment transactions, online payment transactions and other payment technologies in emerging countries in the Russian Federation, Eurasian Economic Community ("EAEC"),&nbsp;Europe and Asia.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Our transactional services business enables merchants to accept credit cards as well as other forms of payment, including debit cards, checks, gift cards, loyalty programs and alternative payment methods in traditional card-present or swipe transactions, as well as card-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div>-present transactions, such as those conducted over the phone or through the Internet or a mobile device. We market and sell our services through both independent sales groups (&#x201c;ISGs&#x201d;), which are non-employee, external sales organizations and other <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">third</div>-party resellers of our products and services, and directly to merchants through electronic media, telemarketing and other programs, including utilizing partnerships with other companies that market products and services to local and international merchants. We have agreements with several banks that sponsor us for membership in the Visa&nbsp;<div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;"><div style="display: inline; font-weight: bold;">&reg;&nbsp;</div></div>, MasterCard&nbsp;<div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;"><div style="display: inline; font-weight: bold;">&reg;&nbsp;</div></div>, American Express&nbsp;<div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;"><div style="display: inline; font-weight: bold;">&reg;&nbsp;</div></div>and Discover&nbsp;<div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;"><div style="display: inline; font-weight: bold;">&reg;&nbsp;</div></div>card associations and settle card transactions for our merchants. These sponsoring banks include Citizens Bank, Esquire Bank, N.A. and Wells Fargo Bank, N.A. From time to time, we <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> may </div>enter into agreements with additional banks. We perform core functions for merchants such as application processing, underwriting, account set-up, risk management, fraud detection, merchant assistance and support, equipment deployment and chargeback services.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Our Mobile Solutions business, PayOnline, provides&nbsp;relationships and contracts with mobile operators that gives&nbsp;us the ability to offer our clients in-app, premium SMS (short message services, which is a text messaging service), Wireless Application Protocol (WAP)-click, <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">one</div> click and other carrier billing services. We also had marketed our own branded content as a separate line of business for our mobile commerce business from offices in Russia and Kazakhstan. In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> August 2017, </div>we substantially reorganized this business, and combined its operations into PayOnline and TOT Group Russia.&nbsp; We currently are <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> generating revenues from new mobile content and we continue to explore partnership opportunities that can monetize our relationships and contracts with mobile operators. PayOnline provides flexible high-tech payment solutions to companies doing business on the Internet or in the mobile environment. PayOnline specializes in integration and customization of payment solutions for websites and mobile apps. In particular, PayOnline arranges payment on the website of any commercial organization, which increases the convenience of using the website and helps maximize the number of successful transactions. In addition, PayOnline is focused on providing online and mobile payment acceptance services to the travel industry through direct integration with leading Global Distribution Systems (&#x201c;GDS&#x201d;), which include Amadeus&reg; and Sabre&reg;. Key geographic regions that PayOnline serves include Eastern Europe, Central Asia, Western Europe, North America and Asia major sub regions. PayOnline offices are located in Russia, Kazakhstan and in the Republic of Cyprus.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Also part of our transactional services business, Aptito is a proprietary, cloud-based payments platform for the hospitality industry, which creates an online consumer experience in offline commerce environments via tablet, mobile and all other cloud-connected devices. Aptito&#x2019;s easy to use point-of-sale (&#x201c;POS&#x201d;) system makes things easier by providing a comprehensive solution to the hospitality industry to help streamline management and operations. Orders placed tableside by customers directly speed up the ordering process and improve overall efficiency. Aptito's mobile POS system provides portability to the staff while performing all the same functions as a traditional POS system.</div></div>
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-653634
CY2017 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
17564479
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-5528195
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1838613
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3267492
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-5065759
CY2018 us-gaap Net Income Loss
NetIncomeLoss
-4936182
CY2017 us-gaap Net Income Loss
NetIncomeLoss
-9913485
CY2018 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-86551
CY2017 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-109564
CY2018Q4 us-gaap Notes Payable Current
NotesPayableCurrent
433448
CY2017Q4 us-gaap Notes Payable Current
NotesPayableCurrent
2493973
CY2018 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2017 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3
CY2018 us-gaap Number Of Reporting Units
NumberOfReportingUnits
2
CY2018 us-gaap Open Tax Year
OpenTaxYear
2015 2016 2017
CY2018 us-gaap Operating Expenses
OperatingExpenses
70117938
CY2017 us-gaap Operating Expenses
OperatingExpenses
68662242
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
-4331121
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
683522
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
238548
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
100478
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
172248
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
172248
CY2018Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
14953
CY2017Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
CY2018Q4 us-gaap Other Assets
OtherAssets
16756261
CY2017Q4 us-gaap Other Assets
OtherAssets
22687678
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
604070
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
460511
CY2018Q4 us-gaap Other Commitment
OtherCommitment
2053730
CY2018Q4 us-gaap Other Commitment Due After Fifth Year
OtherCommitmentDueAfterFifthYear
80000
CY2018Q4 us-gaap Other Commitment Due In Fifth Year
OtherCommitmentDueInFifthYear
70000
CY2018Q4 us-gaap Other Commitment Due In Fourth Year
OtherCommitmentDueInFourthYear
60000
CY2018Q4 us-gaap Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
558700
CY2018Q4 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
614300
CY2018Q4 us-gaap Other Commitment Due In Third Year
OtherCommitmentDueInThirdYear
670730
CY2017 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-43622
CY2018 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
298075
CY2017 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
1885098
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2018Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2017 us-gaap Paid In Kind Interest
PaidInKindInterest
114802
CY2018 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
114931
CY2017 us-gaap Payments For Proceeds From Productive Assets
PaymentsForProceedsFromProductiveAssets
103341
CY2018 us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
5413264
CY2018 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
1202201
CY2017 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
CY2018 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
791567
CY2017 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
236009
CY2018 us-gaap Paid In Kind Interest
PaidInKindInterest
73442
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1749221
CY2017Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
2282614
CY2018 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;"><div style="display: inline; font-weight: bold;">Reclassifications</div></div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">Certain reclassifications of prior year amounts have been made to conform to the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018</div> presentation. These reclassifications had <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> effect on net loss or loss per share as previously reported.</div></div></div></div></div></div></div>
CY2018 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
CY2017 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
14884435
CY2018 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2131500
CY2017 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
3678824
CY2018 us-gaap Profit Loss
ProfitLoss
-5022733
CY2017 us-gaap Profit Loss
ProfitLoss
-10023049
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
25335
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
58268
CY2018 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
16238
CY2017 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
CY2018 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
2145425
CY2017 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
1320848
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
604070
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
447602
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-172292252
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-167356070
CY2018 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
65786817
CY2017 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
60064824
CY2018 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2785134
CY2017 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
998780
CY2018 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
9758688
CY2017 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
10629773
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
142017
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
2940424
CY2018 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2018Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
234218
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
234218
CY2017Q4 us-gaap Share Price
SharePrice
0.125
CY2018 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
4497
CY2017 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
4497
CY2017 us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
105966
CY2017 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
177833
CY2018 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
50585
CY2017 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
2850179
CY2018 us-gaap Stock Issued During Period Value Share Based Compensation Gross
StockIssuedDuringPeriodValueShareBasedCompensationGross
127011
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8596466
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
13143528
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4061397
CY2018 us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><div style="display: inline; font-weight: bold;">Use of Estimates</div></div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The preparation of these consolidated financial statements requires us&nbsp;to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses for the reporting period. Such estimates include, but are <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> limited to, the value of purchase consideration paid and identifiable assets acquired and assumed in acquisitions, goodwill and asset impairment review, valuation reserves for accounts receivable, valuation of acquired or current merchant portfolios, incurred but <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> reported claims, revenue recognition for multiple element arrangements, loss reserves, assumptions used in the calculation of equity-based compensation and in the calculation of income taxes, and certain tax assets and liabilities, as well as, the related valuation allowances. Actual results could differ from those estimates.</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;"></div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Below is a summary of the Company&#x2019;s critical accounting estimates for which the nature of management&#x2019;s assumptions are material due to the levels of subjectivity and judgment necessary to account for highly uncertain matters or the susceptibility of such matters to change, and for which the impact of the estimates and assumptions on financial condition or operating performance is material.</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: justify;"><div style="display: inline; font-weight: bold;"><div style="display: inline; text-decoration: underline;"><div style="display: inline; font-style: italic;">Goodwill</div></div></div></div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 36pt;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: justify;">The Company tests goodwill for impairment using a fair value approach at least annually, absent some triggering event that would require an interim impairment assessment.</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 36pt; text-align: justify;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 54pt; text-align: justify;">Significant estimates and assumptions are used in our goodwill impairment review and include the identification of reporting units, assigning assets and liabilities to reporting units, assigning goodwill to reporting units and determining the fair value of each reporting unit. Our&nbsp;assessment of qualitative factors involves significant judgments about expected future business performance, general market conditions, and regulatory changes. In a quantitative assessment, the fair value of each reporting unit is determined based largely on the present value of projected future cash flows, growth assumptions regarding discount rates, estimated growth rates and our&nbsp;future long-term business plans. Changes in any of these estimates or assumptions could materially affect the determination of fair value and the associated goodwill impairment charge for each reporting unit.</div></div></div></div></div></div></div>
CY2018 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
300000
CY2018 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
3868324
CY2017 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
1967676

Files In Submission

Name View Source Status
0001437749-19-006242-index-headers.html Edgar Link pending
0001437749-19-006242-index.html Edgar Link pending
0001437749-19-006242.txt Edgar Link pending
0001437749-19-006242-xbrl.zip Edgar Link pending
ex_137993.htm Edgar Link pending
ex_137994.htm Edgar Link pending
ex_137995.htm Edgar Link pending
ex_137996.htm Edgar Link pending
ex_137997.htm Edgar Link pending
ex_139586.htm Edgar Link pending
ex_139586img002.jpg Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
firersig.jpg Edgar Link pending
logo01.jpg Edgar Link pending
nete-20181231.xml Edgar Link completed
nete-20181231.xsd Edgar Link pending
nete-20181231_cal.xml Edgar Link unprocessable
nete-20181231_def.xml Edgar Link unprocessable
nete-20181231_lab.xml Edgar Link unprocessable
nete-20181231_pre.xml Edgar Link unprocessable
nete20181231_10k.htm Edgar Link pending
ppvchain.jpg Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
valuechain2.jpg Edgar Link pending