2020 Q2 Form 10-Q Financial Statement

#000143774920017845 Filed on August 13, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $13.72M $16.49M
YoY Change -16.79% 0.14%
Cost Of Revenue $11.54M $13.90M
YoY Change -17.01% 0.66%
Gross Profit $2.182M $2.586M
YoY Change -15.63% -2.42%
Gross Profit Margin 15.9% 15.68%
Selling, General & Admin $1.385M $2.299M
YoY Change -39.74% -8.02%
% of Gross Profit 63.49% 88.91%
Research & Development $36.03K $60.00K
YoY Change -39.95% 100.0%
% of Gross Profit 1.65% 2.32%
Depreciation & Amortization $1.552M $750.0K
YoY Change 106.91% 11.94%
% of Gross Profit 71.13% 29.0%
Operating Expenses $13.74M $19.10M
YoY Change -28.08% 6.83%
Operating Profit -$16.72K -$2.610M
YoY Change -99.36% 84.85%
Interest Expense $341.0K $252.6K
YoY Change 35.01% 7.15%
% of Operating Profit
Other Income/Expense, Net $19.33K $1.284M
YoY Change -98.5% 90.5%
Pretax Income -$338.4K -$1.578M
YoY Change -78.55% 62.11%
Income Tax $0.00
% Of Pretax Income
Net Earnings -$324.7K -$1.537M
YoY Change -78.88% 70.12%
Net Earnings / Revenue -2.37% -9.33%
Basic Earnings Per Share
Diluted Earnings Per Share -$77.77K -$77.00
COMMON SHARES
Basic Shares Outstanding 4.196M
Diluted Shares Outstanding

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $865.8K $800.0K
YoY Change 8.23% -87.69%
Cash & Equivalents $865.8K $840.2K
Short-Term Investments
Other Short-Term Assets $1.531M $1.000M
YoY Change 53.06% -23.08%
Inventory
Prepaid Expenses
Receivables $5.856M $5.073M
Other Receivables $0.00 $0.00
Total Short-Term Assets $8.252M $6.892M
YoY Change 19.73% -50.42%
LONG-TERM ASSETS
Property, Plant & Equipment $316.1K $16.21K
YoY Change 1850.76%
Goodwill $7.681M $9.008M
YoY Change -14.73%
Intangibles $4.703M $6.238M
YoY Change -24.6%
Long-Term Investments
YoY Change
Other Assets $730.2K $655.2K
YoY Change 11.45% 31.04%
Total Long-Term Assets $13.43M $16.36M
YoY Change -17.9% 26.81%
TOTAL ASSETS
Total Short-Term Assets $8.252M $6.892M
Total Long-Term Assets $13.43M $16.36M
Total Assets $21.68M $23.25M
YoY Change -6.74% -13.24%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.360M $5.275M
YoY Change 1.62% 5.5%
Accrued Expenses $2.121M $2.881M
YoY Change -26.38% 6.71%
Deferred Revenue $1.292M $449.5K
YoY Change 187.4%
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $936.4K $224.4K
YoY Change 317.35% -75.07%
Total Short-Term Liabilities $9.860M $9.092M
YoY Change 8.45% -16.59%
LONG-TERM LIABILITIES
Long-Term Debt $8.987M $7.075M
YoY Change 27.02% 38.73%
Other Long-Term Liabilities $247.3K $400.0K
YoY Change -38.19%
Total Long-Term Liabilities $8.987M $7.075M
YoY Change 27.02% 38.73%
TOTAL LIABILITIES
Total Short-Term Liabilities $9.860M $9.092M
Total Long-Term Liabilities $8.987M $7.075M
Total Liabilities $19.09M $16.55M
YoY Change 15.39% 4.07%
SHAREHOLDERS EQUITY
Retained Earnings -$180.4M -$176.1M
YoY Change 2.45%
Common Stock $419.00 $410.00
YoY Change 2.2%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.846M $8.100M
YoY Change
Total Liabilities & Shareholders Equity $21.68M $23.25M
YoY Change -6.74% -13.24%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income -$324.7K -$1.537M
YoY Change -78.88% 70.12%
Depreciation, Depletion And Amortization $1.552M $750.0K
YoY Change 106.91% 11.94%
Cash From Operating Activities -$315.3K -$360.0K
YoY Change -12.42% -79.43%
INVESTING ACTIVITIES
Capital Expenditures -$35.67K $60.00K
YoY Change -159.45%
Acquisitions
YoY Change
Other Investing Activities -$359.4K -$560.0K
YoY Change -35.83% 19.15%
Cash From Investing Activities -$395.0K -$620.0K
YoY Change -36.29% 31.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 920.3K 1.320M
YoY Change -30.28% -393.33%
NET CHANGE
Cash From Operating Activities -315.3K -360.0K
Cash From Investing Activities -395.0K -620.0K
Cash From Financing Activities 920.3K 1.320M
Net Change In Cash 210.0K 340.0K
YoY Change -38.25% -112.73%
FREE CASH FLOW
Cash From Operating Activities -$315.3K -$360.0K
Capital Expenditures -$35.67K $60.00K
Free Cash Flow -$279.6K -$420.0K
YoY Change -33.42%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q4 nete Increase Decrease In Common Stock Shares Authorized
IncreaseDecreaseInCommonStockSharesAuthorized
-300000000
nete Increase Decrease Lease Liability
IncreaseDecreaseLeaseLiability
-64868
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Central Index Key
EntityCentralIndexKey
0001499961
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
false
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Registrant Name
EntityRegistrantName
Net Element, Inc.
dei Entity Small Business
EntitySmallBusiness
true
dei Trading Symbol
TradingSymbol
nete
CY2020Q2 nete Accrued Foreign Taxes
AccruedForeignTaxes
863
CY2019Q4 nete Accrued Foreign Taxes
AccruedForeignTaxes
2064
CY2020Q2 nete Accrued Pay Online Current
AccruedPayOnlineCurrent
CY2019Q4 nete Accrued Pay Online Current
AccruedPayOnlineCurrent
69039
CY2020Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
20308876
CY2019Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
19886966
CY2020Q1 nete Adjustments To Additional Paid In Capital Sale Of Promissory Note
AdjustmentsToAdditionalPaidInCapitalSaleOfPromissoryNote
5000
CY2015Q2 nete Increase Decrease In Common Stock Shares Authorized
IncreaseDecreaseInCommonStockSharesAuthorized
100000000
CY2019Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
1318060
CY2020Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2121161
CY2019Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1800344
CY2020Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
283071
nete Increase Decrease Lease Liability
IncreaseDecreaseLeaseLiability
442094
CY2020Q2 nete Longterm Debt Maturity After Year Four
LongtermDebtMaturityAfterYearFour
140141
nete Payments For Proceeds From Property Plant And Equipment And Other Assets
PaymentsForProceedsFromPropertyPlantAndEquipmentAndOtherAssets
35666
nete Payments For Proceeds From Property Plant And Equipment And Other Assets
PaymentsForProceedsFromPropertyPlantAndEquipmentAndOtherAssets
468287
CY2020Q2 nete Proceeds From Paycheck Protection Program Under Cares Act
ProceedsFromPaycheckProtectionProgramUnderCaresAct
491493
CY2020Q2 nete Shares Issued Sale Of Promissory Note Amount
SharesIssuedSaleOfPromissoryNoteAmount
151482
nete Working Capital
WorkingCapital
1600000
CY2020Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
5360103
CY2019Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
6037833
CY2020Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
5855538
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
6560928
CY2020Q2 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
1516808
CY2019Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
276239
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2209363
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2274187
CY2020Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
185496940
CY2019Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
185297069
CY2020Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
679000
CY2019Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
649000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1400000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1400000
CY2020Q2 us-gaap Assets
Assets
21682870
CY2019Q4 us-gaap Assets
Assets
23039148
CY2020Q2 us-gaap Assets Current
AssetsCurrent
8251975
CY2019Q4 us-gaap Assets Current
AssetsCurrent
8668676
us-gaap Basis Of Accounting
BasisOfAccounting
<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: left;"><div style="display: inline; font-weight: bold;">NOTE <div style="display: inline; font-style: italic; font: inherit;">1.</div></div><div style="display: inline; font-weight: bold;"> </div><div style="display: inline; font-weight: bold;">BASIS</div><div style="display: inline; font-weight: bold;"> </div><div style="display: inline; font-weight: bold;">OF</div><div style="display: inline; font-weight: bold;"> </div><div style="display: inline; font-weight: bold;">PRESENTATION</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0.95pt;margin-right:265.7pt;margin-top:0pt;text-align:left;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">The accompanying <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> June 30, 2020</div></div> interim condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and note disclosures normally included in the annual financial statements prepared in accordance with U.S. generally accepted accounting principles (&#x201c;GAAP&#x201d;) have been condensed or omitted pursuant to those rules and regulations, but we believe the disclosures made are adequate to make the information presented <div style="display: inline; font-style: italic; font: inherit;">not</div> misleading. In the opinion of management, all adjustments, consisting of normal and recurring adjustments, necessary for a fair presentation have been included in the condensed consolidated financial statements included herein. These statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our Annual Report on Form <div style="display: inline; font-style: italic; font: inherit;">10</div>-K for the year ended <div style="display: inline;"><div style="display: inline; font-style: italic; font: inherit;"> December 31, 2019</div></div>. The results of operations for the periods presented are <div style="display: inline; font-style: italic; font: inherit;">not</div> necessarily indicative of results to be expected for the full fiscal year or any other periods.</div> <div style=" font-family: &quot;Times New Roman&quot;, 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; text-align: justify;">The condensed consolidated unaudited financial statements contained in this report include the accounts of Net Element, Inc., and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.</div></div>
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
865812
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
486604
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1340812
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1116255
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2249551
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1495350
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
224557
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-754201
CY2020Q2 us-gaap Cash Uninsured Amount
CashUninsuredAmount
162000
CY2019Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
134000
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2019Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2019Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2015Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000
CY2020Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
4195670
CY2019Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
4111082
CY2016Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
400000000
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000
CY2020Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
4195670
CY2019Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
4111082
CY2020Q2 us-gaap Common Stock Value
CommonStockValue
419
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1626664
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-2678391
CY2019Q4 us-gaap Common Stock Value
CommonStockValue
410
CY2020Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-390680
CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-1542984
CY2020Q2 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1291703
CY2019Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
1401117
CY2020Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
11536787
CY2019Q2 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
13901365
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
24837195
us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
26161512
CY2020Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
10082549
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
9431157
CY2020Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
159277
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
179610
CY2020Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
772402
CY2019Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
747347
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1551844
us-gaap Depreciation And Amortization
DepreciationAndAmortization
1598567
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1551844
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1598567
CY2020Q2 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
81591
CY2019Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
126662
CY2020Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.08
CY2019Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.37
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.41
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.68
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14589
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6271
CY2020Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
7500
CY2019Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
2005840
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
45900
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
2020847
CY2020Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
15605470
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
14208317
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1135508
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
567754
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
741075
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
1123561
CY2020Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
1135508
CY2020Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
4703406
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
5678649
CY2020Q2 us-gaap Goodwill
Goodwill
7681186
CY2019Q4 us-gaap Goodwill
Goodwill
7681186
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
1300000
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0
CY2020Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-338414
CY2019Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1577672
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1716441
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2712483
CY2020Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
CY2019Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
103841
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-538178
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2305202
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-700506
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-1165261
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-109414
us-gaap Increase Decrease In Contract With Customer Liability
IncreaseDecreaseInContractWithCustomerLiability
-1046398
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
287386
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-668646
CY2020Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4703406
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
5678649
CY2020Q2 us-gaap Interest Expense
InterestExpense
341020
CY2019Q2 us-gaap Interest Expense
InterestExpense
252582
us-gaap Interest Expense
InterestExpense
689433
us-gaap Interest Expense
InterestExpense
497635
us-gaap Interest Paid Net
InterestPaidNet
336120
us-gaap Interest Paid Net
InterestPaidNet
475924
CY2020Q2 us-gaap Interest Payable Current
InterestPayableCurrent
89573
CY2019Q4 us-gaap Interest Payable Current
InterestPayableCurrent
43021
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
358850
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
172248
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
100478
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
86124
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
42732
CY2020Q2 us-gaap Liabilities
Liabilities
19093948
CY2019Q4 us-gaap Liabilities
Liabilities
18998489
CY2020Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
21682870
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
23039148
CY2020Q2 us-gaap Liabilities Current
LiabilitiesCurrent
9859808
CY2019Q4 us-gaap Liabilities Current
LiabilitiesCurrent
10408769
CY2020Q2 us-gaap Long Term Debt
LongTermDebt
9923272
CY2019Q4 us-gaap Long Term Debt
LongTermDebt
9251547
CY2020Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
936391
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
909086
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
2353216
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
763380
CY2019Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
8342461
CY2020Q2 us-gaap Minority Interest
MinorityInterest
-256952
CY2019Q4 us-gaap Minority Interest
MinorityInterest
-231999
us-gaap Nature Of Operations
NatureOfOperations
<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: left;"><div style="display: inline; font-weight: bold;">NOTE <div style="display: inline; font-style: italic; font: inherit;">2.</div> ORGANIZATION AND OPERATIONS</div></div> <div style=" font-family: &quot;Times New Roman&quot;, 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; text-align: left;">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: inherit;">not</div>-present transactions, such as those conducted over the phone or through the Internet or a mobile device. We operate in <div style="display: inline; font-style: italic; font: inherit;">two</div> reportable business operating segments: (i) North American Transaction Solutions, and (ii) International Transaction Solutions.</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">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 Eurasian Economic Community ("EAEC"), Europe and Asia.</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Our transactional services&nbsp;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: inherit;">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: inherit;">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 <div style="display: inline; font-weight: bold;">&reg;</div>, MasterCard <div style="display: inline; font-weight: bold;">&reg;</div>, American Express <div style="display: inline; font-weight: bold;">&reg;,&nbsp;</div>and Discover <div style="display: inline; font-weight: bold;">&reg; </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: inherit;"> 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-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Our Mobile Solutions business, PayOnline, provides relationships and contracts with mobile operators that gives 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: inherit;">one</div> click and other carrier billing services.&nbsp;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. The PayOnline office&nbsp;is&nbsp;located in Moscow, Russia.</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">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'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>
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
3418653
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2470767
CY2020Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
936391
CY2020Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
8986881
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
8342461
CY2020Q2 us-gaap Long Term Notes Payable
LongTermNotesPayable
8986881
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
920270
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1516071
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-395016
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1678565
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-315286
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-597978
us-gaap Net Income Loss
NetIncomeLoss
-1691488
CY2019 us-gaap Net Income Loss
NetIncomeLoss
-6500000
us-gaap Net Income Loss
NetIncomeLoss
-2658292
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
-324690
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-1537447
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-24953
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-54191
CY2020Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-13724
CY2019Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-40225
CY2020Q2 us-gaap Notes Payable Current
NotesPayableCurrent
936391
CY2019Q4 us-gaap Notes Payable Current
NotesPayableCurrent
909086
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2020Q2 us-gaap Operating Expenses
OperatingExpenses
13735328
CY2019Q2 us-gaap Operating Expenses
OperatingExpenses
19096812
us-gaap Operating Expenses
OperatingExpenses
30612248
us-gaap Operating Expenses
OperatingExpenses
34947360
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-16719
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-2609501
us-gaap Operating Income Loss
OperatingIncomeLoss
-1056073
us-gaap Operating Income Loss
OperatingIncomeLoss
-3412866
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
316118
CY2020Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
68859
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
133727
CY2020Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
247259
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
247259
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
316118
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
380986
CY2020Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.12
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y
CY2020Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
122000
CY2020Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
230846
CY2019Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
91921
CY2020Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
730185
CY2019Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
629651
CY2019Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-14561
CY2019Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-5537
CY2020Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
130813
CY2020Q2 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-65990
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
64824
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
-20099
CY2020Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
19325
CY2019Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1284411
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
29065
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1198018
us-gaap Paid In Kind Interest
PaidInKindInterest
46552
us-gaap Paid In Kind Interest
PaidInKindInterest
21711
CY2020Q2 us-gaap Payments For Proceeds From Deposit On Loan
PaymentsForProceedsFromDepositOnLoan
159899
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
359350
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
1210278
CY2020Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2019Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2020Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2019Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2020Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2019Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2020Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2019Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2020Q2 us-gaap Preferred Stock Value
PreferredStockValue
CY2019Q4 us-gaap Preferred Stock Value
PreferredStockValue
CY2020Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1530625
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
1621144
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
174314
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
1116500
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
651392
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
159432
us-gaap Proceeds From Repayments Of Related Party Debt
ProceedsFromRepaymentsOfRelatedPartyDebt
166561
CY2019Q1 us-gaap Profit Loss
ProfitLoss
-1134813
CY2019Q2 us-gaap Profit Loss
ProfitLoss
-1577672
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-1378026
CY2020Q2 us-gaap Profit Loss
ProfitLoss
-338414
us-gaap Profit Loss
ProfitLoss
-1716441
us-gaap Profit Loss
ProfitLoss
-2712483
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-8668
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-8927
CY2020Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
33310
CY2019Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
143190
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
476088
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
482498
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
209084
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
475000
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
629651
CY2020Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-180442122
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-178750634
CY2020Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
13718609
CY2019Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
16487311
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
29556175
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
31534494
CY2020Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
1385329
CY2019Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
2299070
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
3701221
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
4683936
us-gaap Share Based Compensation
ShareBasedCompensation
45899
us-gaap Share Based Compensation
ShareBasedCompensation
2020847
CY2020Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
314218
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
314218
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P153D
CY2019Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
15006
CY2019Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
2005840
CY2020Q1 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
45897
CY2020Q2 us-gaap Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
7500
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2588922
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4040659
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
8596466
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7462098
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
7884729
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2834345
CY2020Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
4175148
CY2019Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
4199076
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
4146396
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
3908872

Files In Submission

Name View Source Status
0001437749-20-017845-index-headers.html Edgar Link pending
0001437749-20-017845-index.html Edgar Link pending
0001437749-20-017845.txt Edgar Link pending
0001437749-20-017845-xbrl.zip Edgar Link pending
ex_195428.htm Edgar Link pending
ex_195429.htm Edgar Link pending
ex_195430.htm Edgar Link pending
ex_199473.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
nel.jpg Edgar Link pending
nete-20200630.xml Edgar Link completed
nete-20200630.xsd Edgar Link pending
nete-20200630_cal.xml Edgar Link unprocessable
nete-20200630_def.xml Edgar Link unprocessable
nete-20200630_lab.xml Edgar Link unprocessable
nete-20200630_pre.xml Edgar Link unprocessable
nete20200630_10q.htm 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
R5.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