Net element, inc. (NETE)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11
Cash flows from operating activities
Net loss attributable to Net Element, Inc. stockholders

-6,458

-4,936

-9,913

-13,487

-13,253

-10,185

-48,309

-16,389

-24,853

Loss from discontinued operations

-

-

-

-

-

-

-321

0

-

Adjustments to reconcile net loss to net cash used in operating activities:
Intangible assets impairment

-

-

-

-

-

-

872

-

-

Non-cash compensation

-

-

-

-

-

-

-

-

19,335

Amortization of debt discount

-

-

-

-

3,027

1,644

0

-

18

Provision for bad debts

-

-

-

500

0

-

-

-

-

Gain on Change in fair value and settlement of beneficial conversion derivative

-

-

-

-

-26,932

5,569

-

-

-

Depreciation and amortization

-

-

-

3,466

2,513

2,358

-

-

-

Non cash interest

-

-

-

852

0

-

-

-

-

Amortization of prepaid costs

-

-

-

967

-

-

-

-

-

(Recovery of ) provision for loan losses

-

-

-

-

-

1,649

-

-

-

(Recovery of ) provision for loan losses

-

-

-

-

-

-

7,640

-

-

Gain on disposal of fixed asset

-

-

-

-

40

-16

0

-

-

Gain on disposal of derivative

-

-

-

-

-

-

0

-

-

Gain on debt extinguishment

-

-

-

-

27,743

-6,184

0

-

-

Gain on MBF debt restructure

-

-

-

-

-

1,596

0

-

-

Intangible assets impairment

-

-

-

-

-

-

-

0

-

Impairment of goodwill and intangible assets

-

-

-

-

-

-

-

-

0

Non-controlling interest

-106

-86

-109

-

-

-

-

-133

-419

Loss attributable to investment in subsidiary

-

-

-

-

-

-

-

-

-45

Non-Controlling interest

-

-

-

-128

-74

394

-1,129

-

-

Share based compensation

2,050

142

2,940

3,463

4,306

4,267

-

6,240

15

Deferred revenue

-94

-216

356

-

-

-

-

-

-

Net Non cash items in other income

-

1,202

-

-

-

-

-

-

-

Impairment for Goodwil

1,326

636

0

-

-

-

11,200

0

-

Provision for bad debt

-9

16

-

-

-

-

-

1,638

0

Shares issued for advertising and promotion

-

-

-

-

-

-

-

21

-

Depreciation and amortization

3,120

2,454

2,533

-

-

-

-

266

311

Non-Cash Compensation

-

-

-

-

-

-

16,549

-

-

Deferred revenue

-

-

-

-

-

-

0

-

-

Amortization of deferred revenue

-

-

-

-

0

-

-

-

-

Note receivable (current portion)

-

-

-

-

-

-

0

5,327

-

Depreciation and amortization

-

-

-

-

-

-

2,242

-

-

Non cash interest

56

73

114

-

-

-

-

150

-

Changes in assets and liabilities:
Accounts receivable

263

1,503

-3,002

2,751

1,492

-6,974

562

9,662

-14

Advances to aggregators

-

-

-

-

-

-934

3,267

-

-

Deferred revenue

-

-

-

612

271

233

-

-

-

Advances to aggregators

-

-

-

-

-

-

-

-

0

Prepaid expenses and other assets

132

-384

1,047

570

-291

445

-1,952

228

120

Accounts payable and accrued expenses

-1,642

971

-2,943

3,797

3,571

-

-

-

-

Purchase of fixed, intangible and other assets

-

-

-

-

-

1,039

-

-

-

Adjustments for operating activities of continuing operations

-

-

-

-

-

-

38,195

-7,264

-

Adjustments for operating activities of discontinued operations

-

-

-

-

-

-

-1,018

-1,522

-

Total adjustments

-

-

-

-

-

-

-

-8,787

19,775

Net cash provided by (used in) operating activities

-2,152

-3,267

-5,065

-3,278

-1,690

-

-10,809

-25,177

-

Cash flows from investing activities:
Sale of portfolio

-

-

-

-

300

0

-

-

-

Note Receivable

-

-

-

-

-

2

-

12,581

83

Note receivable

-

-

-

-

-

-

-4,920

-

-

Purchase of portfolios and client acquisition costs

2,313

5,413

1,885

-

3,195

0

380

0

-

Receipt of excess deposits

-

-

149

-

-

-

-

-

-

Purchase of fixed and other assets

-

-

-

-

-

-

0

-

-

Acquisition of Aptito

-

-

-

-

-

-

458

0

-

Collections from notes receivable

-

-

-

-

-

-

-

5,601

0

Investment in subsidiary

-

-

-

-

-

-

46

0

-

Purchase of equipment and changes in other assets

-

-

103

-

-

-

-67

-

-

Purchase of equipment and changes in other assets

138

114

-

187

579

750

-

-

180

Accounts payable

-

-

-

-

-

-338

2,268

-617

165

Accrued expenses (includes $2.2M accrual for stock price guarantee)

-

-

-

-

-

-968

429

388

408

Net cash used in operating activities

-

-

-

-

-

2,254

-

-

-5,077

Client acquisition costs

-

-

-

1,319

878

-

-

-

-

Proceeds from financial institutions

-

-

-

-

-

-

-

9,400

0

Repayment to Financial Institutions

-

-

-

-

-

-10,088

-

-

-

Proceeds from issuance of preferred stock

-

-

-

-

5,500

0

-

-

-

Capitalized web development and patent costs and equity effects

-

-

-

-

-

-

-

67

599

Disposal (purchase) of fixed assets

-

-

-

-

-

-

-

388

-

Net cash used in investing activities

-2,451

-5,528

-1,838

-1,506

-4,352

-

-

-7,436

-

Cash flows from financing activities:
Cash acquired in acquisition of subsidiary

-

-

-

-

-

-

-

-

8

Net cash used in investing activities

-

-

-

-

-

-1,793

4,102

-

-855

Proceeds from Common stock

-

-

14,884

0

-

-

-

-

-

Proceeds from indebtedness

3,034

2,131

3,678

-

-

-

-

-

-

Proceeds from indebtedness

-

-

-

3,170

650

-10,433

2,000

-

-

Cash received for issuance of warrants

-

-

-

300

-

-

-

-

-

Repayment of indebtedness

-

-

-

71

0

0

272

-

-

Repayment of indebtedness

162

2,785

998

-

-

-

-

-

-

Lease liability

380

-

-

-

-

-

-

-

-

Related party advances

202

-

-

1,027

331

418

-

-1,262

98

Repayments of indebtedness

-

-

-

-

-

-

-

0

-

Change in restricted cash

-

-

-

-

-

-

-1,978

2,056

0

Cash paid for shares and warrants

-

-

-

-

-

-

482

0

-

Cash received from Merger Cazador

-

-

-

-

-

-

-

25,690

0

Contributed capital from noncontrolling shareholders

-

-

-

-

-

-

-

28

0

Cash paid for shares and warrants issued purcuant to subscription agreements

-

-

-

-

-

-

-

4,100

131

Related party advances (payments)

-

-

-

-

-

-

75

75

314

Borrowings on related party note

-

-

-

-

-

-

-

-

3,600

Net cash provided by financing activities

-

-

-

-

-

73

3,149

-

3,515

Net cash provided by financing activities

3,455

-653

17,564

4,426

6,481

-

-

35,825

-

Effect of exchange rate changes on cash

15

-34

-20

-

-

-

-

-

-

Net increase (decrease) in cash

-1,133

-9,483

10,639

-

-

-

-

-

-

Supplemental disclosure of cash flow information
Interest

730

773

1,074

-

-

-

-

-

-

Taxes

120

261

86

-

-

-

-

-

-

Effect of exchange rate changes on cash

-

-

-

-45

84

-157

137

276

-0

Net (decrease) increase in cash

-

-

-

-404

522

377

-3,420

3,487

-2,417

Stock issued in exchange for warrants

-

-

-

-

2,679

-

-

-

-

Issuance of stock upon conversion of indebtedness

-

-

-

-

-

-

0

-

-

Issued and outstanding common stock (10% of TOT Group's common stock)

-

-

-

-

-

-

609

0

-

Issued and outstanding common stock (10% of TOT Group's common stock)- Unified

-

-

-

-

-

-

-

0

-

Assumed debt

-

-

-

-

-

-

20,631

0

-

Total value of consideration for Unified Payments acquisition

-

-

-

-

-

-

21,240

0

-

Stock subscription in connection with acquisition of Aptito

-

-

-

-

-

-

718

0

-

Stock subscription in connection with acquisition of Aptito

-

-

-

-

-

-

-

0

-

Notes payable (net of discount)

-

-

-

-

-

-

2,000

0

-

Preferred dividends paid in common stock

-

-

-

-

1,585

-

-

-

-

Retirement of treasury stock

-

-

-

-

-

-

-

2,641

-

Retirement of treasury stock

-

-

-

-

-

-

-

-

0

Share issuance for settlement of unpaid compensation

-

-

-

1,042

0

25,233

-

3,600

880

Shares issued for redemption of indebtedness

-

-

379

2,499

1,346

-

-

-

-

Shares issued in settlement of advances from from board member

-

-

-

909

0

-

-

-

-

Common shares issued for acquisition

-

-

-

-

3,600

-

-

-

-

Common shares issued upon redemption of preferred shares

-

-

-

-

9,036

0

-

-

-

Issuance of Common Stock in exchange for Warrants

-

-

-

-

-

0

-

-

-

Issuance of Common Stock for acquisition

-

-

-

-

-

0

-

-

-

Interest

-

-

-

611

548

1,109

1,635

706

0

Taxes

-

-

-

94

74

38

196

76

0

Shares issued in settlement of related party debt

-

-

378

0

-

-

-

-

-