Net element, inc. (NETE)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Dec'10
ASSETS
Cash

606

486

492

840

476

1,645

2,563

6,541

9,190

11,285

922

1,274

813

621

1,385

633

724

1,025

315

675

766

503

1,405

1,271

777

126

3,925

2,012

2,029

3,546

-

-

-

83

-

Funds in Escrow

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,000

5,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net

-

-

-

-

-

-

-

6,061

5,133

-

4,446

6,007

6,724

7,126

-

-

-

5,198

4,539

3,493

3,275

3,417

3,958

4,374

6,492

10,619

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,056

-

-

-

0

-

Notes receivable, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

180

180

557

6,088

-

-

-

0

-

Accounts receivable, net

4,021

6,560

5,545

5,073

5,134

6,290

4,970

-

-

5,472

-

-

-

-

5,866

5,827

4,424

-

-

-

-

-

-

-

-

-

9,715

8,221

11,905

10,855

-

-

-

6

-

Advances to aggregators, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45

113

0

-

92

4

1,023

1,109

754

0

8,128

4,777

-

-

-

0

-

Assets of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

192

-

-

-

-

-

Prepaid expenses and other assets

1,300

1,621

1,367

978

1,426

1,749

1,679

1,273

1,881

2,282

1,658

1,219

1,686

1,467

1,425

806

1,311

1,106

952

768

755

962

941

831

737

834

566

548

220

487

-

-

-

318

-

Total current assets, net

5,928

8,668

7,405

6,892

7,037

9,685

9,212

13,876

16,206

19,041

7,026

8,500

9,224

9,215

8,677

7,267

6,461

7,330

10,852

10,051

4,797

4,883

6,398

6,481

9,030

12,689

15,142

10,961

22,841

28,005

-

-

-

408

-

Equipment, net

-

-

9

16

21

25

34

43

51

58

64

103

113

117

128

142

151

162

200

137

60

70

44

63

115

137

162

270

245

261

-

-

-

229

-

Intangible assets, net

-

-

-

-

-

-

-

2,741

2,898

-

3,242

3,308

3,466

3,589

4,153

4,513

4,969

5,423

8,116

8,651

2,273

2,492

2,523

3,052

2,488

2,964

-

-

-

-

-

-

-

-

-

Note receivable, net (non-current portion)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

340

540

-

-

-

-

-

-

-

Intangible assets, net

5,348

5,678

5,951

6,237

6,330

6,441

5,354

-

-

3,127

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,494

5,417

211

111

-

-

-

608

-

Goodwill

7,681

7,681

9,007

9,007

9,007

9,007

9,643

9,643

9,643

9,643

9,643

9,643

9,643

9,643

9,643

9,643

9,643

9,643

6,671

6,671

6,671

6,671

6,671

6,671

6,671

6,671

6,671

6,671

-

0

-

-

-

422

-

Operating lease right-of-use asset

349

380

411

442

471

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long term assets

654

629

655

655

654

604

603

461

462

460

456

417

536

603

792

553

389

353

335

288

225

204

143

308

-

0

-

-

-

-

-

-

-

-

-

Investment in affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

46

46

-

-

0

-

-

-

-

-

Advances to Unified Payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

454

-

-

-

-

-

-

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49

-

-

-

-

-

-

Cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

15

10

-

207

Restricted cash held in trust

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

46,165

46,165

46,165

-

46,179

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

24

0

-

92

Total assets

19,962

23,039

23,441

23,251

23,524

25,764

24,848

26,766

29,262

32,331

20,434

21,973

22,984

23,170

23,395

22,120

21,615

22,913

26,177

25,800

14,029

14,322

15,781

16,577

18,305

22,508

26,858

23,860

23,802

28,378

46,181

46,204

46,175

1,668

46,479

LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable

4,509

6,037

5,350

5,274

5,301

6,368

5,407

5,044

6,375

6,785

6,067

7,516

8,337

7,510

5,650

6,075

5,075

5,858

4,388

3,217

3,398

2,698

2,739

2,609

2,887

3,190

2,021

2,488

666

498

1,313

224

304

238

49

Accrued expenses

2,001

1,800

1,637

2,881

2,753

2,535

2,247

2,666

3,478

3,212

3,419

4,437

5,366

5,518

5,654

4,205

3,131

2,975

2,580

2,747

2,372

2,351

2,413

2,713

2,816

3,484

2,646

3,615

934

910

-

-

-

884

-

Deferred revenue

930

1,401

944

449

972

1,495

1,173

-

-

1,712

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

1,770

1,176

-

1,196

439

910

1,355

878

326

572

743

530

241

437

472

265

158

267

239

170

-

-

0

-

-

-

-

-

Derivative Liability Conversion Feature

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

428

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

BCF derivative liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

368

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warrant derivative liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,978

3,623

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short term notes payable (net of discount)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

694

277

-

-

2

256

7,421

8,478

10,155

2,568

8,513

9,400

-

-

-

0

-

Notes payable (current portion)

909

909

114

224

330

433

484

924

1,455

2,493

503

984

719

808

147

384

570

518

950

318

318

98

98

98

1,566

3,816

1,677

1,656

-

0

-

-

-

-

-

Operating lease liability (current portion)

101

133

31

61

90

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

223

-

-

-

-

-

Due to related party

75

126

135

200

271

387

441

496

-

461

376

366

356

299

447

329

1,239

329

467

83

125

0

77

318

318

1,451

1,542

91

323

202

-

-

6

1,768

-

Total current liabilities

8,527

10,412

8,212

9,091

9,720

11,221

9,754

10,903

12,486

14,666

11,563

13,744

15,690

15,492

12,780

11,321

10,589

10,426

14,020

10,878

6,652

5,621

5,597

6,154

15,278

20,660

18,212

10,420

10,437

11,234

-

-

-

2,892

-

Operating lease liability (net of current portion)

247

247

380

380

380

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Due to related parties (non-current portion)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

198

60

135

-

-

-

3,999

-

Notes payable (net of current portion)

8,352

8,342

7,982

7,074

5,960

5,946

5,072

5,051

5,044

4,521

6,887

6,253

3,844

3,615

4,047

3,823

3,469

3,446

3,014

3,646

3,646

3,216

3,216

16,635

19,634

17,255

19,050

20,410

-

0

-

-

-

-

-

Due to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

498

345

321

-

19

Note due to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

352

336

-

-

-

Total liabilities

17,127

19,002

16,576

16,547

16,061

17,167

14,827

15,955

17,530

19,187

18,450

19,998

19,534

19,108

16,827

15,144

14,059

13,872

17,034

14,524

10,298

8,837

8,814

22,790

34,912

37,916

37,262

31,029

10,498

11,370

2,164

905

632

6,891

69

COMMITMENTS AND CONTINGENCIES

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

STOCKHOLDERS' EQUITY
Ordinary shares, subject to possible repurchase, 2,295,400 shares stated at repurchase price of $10.036

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,036

23,036

23,036

-

23,036

Series A Convertible Preferred stock ($.0001 par value, 1,000,000 shares authorized, no shares issued and outstanding at March 31, 2020 and December 31, 2019)

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

-

0

-

-

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

Common stock ($.0001 par value, 100,000,000 shares authorized 4,125,754 and 4,111,082 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively)

0

0

0

0

0

0

0

0

0

0

2

1

1

0

1

1

1

1

7

5

4

0

4

3

3

3

2

2

2

2

0

0

0

1

0

Paid in capital

185,337

185,297

185,282

185,267

183,261

183,246

183,223

-

-

183,119

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,532

23,532

23,532

-

23,532

Deferred compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

385

-

Accumulated other comprehensive loss

-2,143

-2,274

-2,247

-2,252

-2,246

-2,232

-2,315

-2,461

-2,490

-2,530

-2,528

-2,620

-2,474

-2,486

-2,188

-2,091

-1,595

-1,565

-1,665

-1,475

-1,359

-1,251

716

990

1,112

-170

217

54

250

278

-

-

-

-0

-

Accumulated deficit

-180,116

-178,750

-175,961

-176,131

-173,413

-172,292

-170,781

-169,870

-168,966

-167,356

-163,272

-161,570

-159,930

-157,442

-154,618

-151,149

-145,802

-143,955

-138,779

-133,645

-131,355

-129,116

-126,136

-121,176

-122,524

-118,930

-114,735

-110,348

-73,450

-70,621

-

-

-

-51,274

-

Treasury stock, at cost; 6,250,000 shares at December 31, 2011

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,641

-

Paid in capital

-

-

-

-

-

-

-

183,223

183,201

-

167,805

166,220

165,833

163,920

163,285

160,092

154,792

154,361

149,507

144,416

137,290

136,693

133,670

116,455

104,804

103,486

106,322

105,376

86,979

87,452

-

-

-

49,198

-

Stock subscriptions receivable

-

-

-

-

-

-

0

-

-

50

-

-

-

-

-

-

-

-

1,111

1,111

1,111

1,111

1,111

2,320

-149

-329

-509

-718

-

0

-

-

-

-

-

Stock subscriptions receivable

-

-

-

-

-

-

-

0

0

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-controlling interest

-243

-231

-208

-179

-139

-125

-106

-81

-11

-39

-22

-55

19

70

88

122

161

198

230

253

261

269

-175

-166

-153

-125

-2,720

-2,971

-477

-103

-

-

-

-122

-

Total stockholders' equity

2,834

4,040

6,864

6,703

7,462

8,596

10,020

10,811

11,732

13,143

1,983

1,975

3,450

4,061

6,568

6,975

7,556

9,040

9,143

11,276

3,730

5,485

6,967

-6,212

-16,607

-15,407

-10,404

-7,168

13,304

17,008

-

-

-

-5,223

-

Deficit accumulated during the development stage

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,552

1,270

1,026

-

158

Total shareholders' equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,980

22,262

22,506

-

23,374

Total liabilities and stockholders' equity

19,962

23,042

23,441

23,251

23,524

25,764

24,848

26,766

29,262

32,331

20,434

21,973

22,984

23,170

23,395

22,120

21,615

22,913

26,177

25,800

14,029

14,322

15,781

16,577

18,305

22,508

26,858

23,860

23,802

28,378

46,181

46,204

46,175

1,668

46,479