CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2015 |
Jun. 30, 2014 |
Jun. 30, 2015 |
Jun. 30, 2014 |
|
| Net revenues | $ 6,906,916 | $ 4,912,035 | $ 12,447,123 | $ 9,755,514 |
| Costs and expenses: | ||||
| Cost of revenues | 5,467,819 | 3,345,087 | 10,081,890 | 6,873,580 |
| General and administrative (includes $601,371, $700,468, $1,202,742 and $752,518 of share based compensation for the three and six months ended June 30, 2015 and 2014, respectively) | 3,184,845 | 2,545,552 | 5,822,320 | 5,687,731 |
| Provision for bad debt | 131,511 | (1,540,415) | 140,841 | (1,438,704) |
| Depreciation and amortization | 626,497 | 624,790 | 1,065,267 | 1,216,491 |
| Total costs and operating expenses | 9,410,672 | 4,975,014 | 17,110,318 | 12,339,098 |
| Loss from operations | (2,503,756) | (62,979) | (4,663,195) | (2,583,584) |
| Interest expense, net | (1,284,591) | (1,770,255) | (1,402,183) | (2,831,736) |
| Gain on change in fair value and settlement of beneficial conversion derivative | 2,022,036 | 5,569,158 | 2,022,036 | 5,569,158 |
| Loss on debt extinguishment | 0 | (3,962,406) | 0 | (3,962,406) |
| Gain on debt restructure | 0 | 1,596,000 | 0 | 1,596,000 |
| Gain (loss) from asset disposal | 23,854 | (28,320) | 23,857 | (28,320) |
| Other income (expense) | (32,355) | (6,394) | (3,282) | (46,326) |
| Net (loss) income before income taxes | (1,774,812) | 1,334,804 | (4,022,767) | (2,287,214) |
| Income taxes | 0 | 0 | 0 | 0 |
| Net (loss) income | (1,774,812) | 1,334,804 | (4,022,767) | (2,287,214) |
| Net income attributable to the noncontrolling interest | 10,527 | 12,965 | 19,274 | 41,655 |
| Net (loss) income attributable to Net Element, Inc. shareholders | (1,764,285) | 1,347,769 | (4,003,493) | (2,245,559) |
| Dividends for the benefit of preferred stockholders | (525,197) | 0 | (525,197) | 0 |
| Net (loss) income attributable to common stock | (2,289,482) | 1,347,769 | (4,528,690) | (2,245,559) |
| Foreign currency translation | (116,353) | (122,217) | (224,524) | 1,161,080 |
| Comprehensive (loss) income attributable to common stock | $ (2,405,835) | $ 1,225,552 | $ (4,753,214) | $ (1,084,479) |
| (Loss) Income per share - basic and diluted (in dollars per share) | $ (0.04) | $ 0.04 | $ (0.08) | $ (0.07) |
| Weighted average number of common shares outstanding - basic and diluted (in shares) | 49,707,143 | 32,368,577 | 47,892,638 | 32,421,286 |