Net element, inc. (NETE)
CashFlow / TTM
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'11Sep'11Jun'11Mar'11
Cash flows from operating activities
Net loss attributable to Net Element, Inc. stockholders

-6,703

-6,458

-5,180

-6,261

-4,446

-4,936

-7,508

-8,300

-9,036

-9,913

-8,654

-10,421

-14,127

-13,487

-15,400

-16,444

-12,862

-13,253

-11,496

-11,943

-8,831

-10,185

-28,180

-27,089

-48,668

-48,309

-34,813

-32,758

-15,099

-16,389

-33,536

-31,830

-29,280

-24,853

0

0

0

Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

2,964

3,235

3,466

3,093

3,180

2,962

2,513

2,374

2,206

2,205

2,358

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Non cash interest

-

-

-

-

-

-

-

-

-

-

-

649

898

852

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Recovery of ) provision for loan losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposal of fixed asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on debt extinguishment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-controlling interest

-103

-106

-101

-98

-128

-86

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-133

0

0

0

-

-

-

-

Loss attributable to investment in subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

Non-Controlling interest

-

-

-

-

-

-

-

-

-

-

-

-177

-141

-128

-141

-138

-103

-74

-24

423

414

394

82

-600

-1,141

-1,129

0

0

0

-

-

-

-

-

-

-

-

Share based compensation

2,074

2,050

2,050

2,058

75

142

2,231

2,448

2,426

2,940

1,191

1,684

3,698

3,463

5,610

5,479

4,065

4,306

4,795

4,717

4,816

4,267

0

0

0

-

2,661

2,996

3,578

6,240

0

0

0

-

-

-

-

Deferred revenue

-41

-94

-232

-1,321

-204

-216

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment for Goodwil

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for bad debt

0

-

-

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,374

7,837

2,044

1,638

0

0

0

-

-

-

-

Depreciation and amortization

3,048

3,120

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

266

0

0

0

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Note receivable (current portion)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,242

0

0

0

-

-

-

-

-

-

-

-

Non cash interest

54

56

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Accounts receivable

-1,105

263

1,141

909

1,385

1,503

39

-1,660

-3,524

-3,002

-1,280

506

2,677

2,751

866

2,090

1,186

1,492

2,536

-1,469

-2,617

-6,974

-6,091

-2,640

-4,967

562

0

0

0

-

-

-

0

-

-

-

-

Advances to aggregators

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-934

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Advances to aggregators

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Prepaid expenses and other assets

21

132

-101

-1,405

-946

-384

237

1,685

1,124

1,047

591

556

1,136

570

-49

-388

-347

-291

264

-33

254

445

-1,319

-1,858

-1,839

-1,952

-363

426

19

228

0

0

0

-

-

-

-

Accounts payable and accrued expenses

-2,186

-1,642

570

1,959

641

971

-2,640

-3,209

-3,937

-2,943

-2,758

75

5,156

3,797

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments for operating activities of continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38,195

0

0

0

-

-

-

-

-

-

-

-

Total adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,787

0

0

0

-

-

-

-

Increase in due to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net cash provided by (used in) operating activities

-1,466

-2,152

-1,442

-979

-2,367

-3,267

-5,729

-5,247

-5,247

-5,065

-4,819

-4,515

-3,287

-3,278

0

0

0

-

-

-

-

-

-

-

-

-10,809

0

0

0

-

-

-

-

-

0

0

0

Cash flows from investing activities:
Purchase of portfolio and client acquisition costs

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of portfolios and client acquisition costs

2,089

2,313

3,184

5,745

5,662

5,413

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of equipment and changes in other assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of fixed and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

Collections from notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,295

10,295

11,132

5,601

0

0

0

-

-

-

-

Cash advanced to Unified Payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

Purchase of equipment and changes in other assets

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

0

-

-

0

0

-

-

-

-

-

-

0

0

-

-

-

0

-

-

-

-

Decrease (increase) in prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

721

581

-338

413

1,005

1,919

2,268

-8,244

-189

-681

-617

9,341

482

297

165

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-546

-368

-968

632

89

-178

429

-1,094

-318

372

388

0

0

0

-

-

-

-

Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,210

-3,600

1,349

2,254

0

0

0

-

-

-

-

-

0

0

0

-

-

-

-

Client acquisition costs

-

-

-

-

-

-

-

-

-

-

-

-

-

1,319

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from financial institutions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Capitalized web development and patent costs and equity effects

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

67

0

0

0

-

-

-

-

Cash withdrawn from (placed in) trust

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash used in investing activities

-1,808

-2,451

-3,647

-6,338

-6,190

-5,528

-4,502

-1,921

-1,837

-1,838

-1,463

-1,337

-1,513

-1,506

0

0

0

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

0

0

0

Cash flows from financing activities:
(Purchase) disposal of fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,278

-4,096

-1,749

-1,793

0

0

0

-

-

-

-

-

0

0

0

-

-

-

-

Proceeds from Common stock

-

-

-

-

-

-

-

-

-

14,884

1,150

1,437

1,437

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Proceeds from indebtedness

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from indebtedness

-

-

-

-

-

-

-

-

-

-

-

5,254

3,187

3,170

2,668

1,215

75

650

-18,663

-18,663

-11,715

-10,433

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of indebtedness

-

-

-

-

-

-

-

-

-

-

-

696

164

71

0

0

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of indebtedness

0

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liability

-122

380

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Related party advances

507

202

0

0

0

-

0

0

0

-

987

117

174

1,027

-200

1,157

1,116

331

1,068

2,295

1,297

418

0

0

0

-

-

-

-

-1,262

0

0

0

-

-

-

-

Repayments of short term loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Repayments of indebtedness

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,978

-1,763

0

0

2,056

0

0

0

-

-

-

-

Proceeds from sale of warrants in private placement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Proceeds from initial public offering

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Payment of underwriters discount and offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Cash paid for shares and warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

482

0

0

0

-

-

-

-

-

0

0

0

Contributed capital from noncontrolling shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28

0

0

0

-

-

-

-

Cash paid for shares and warrants issued purcuant to subscription agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,100

0

0

0

-

-

-

-

Related party advances (payments)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

89

75

0

0

0

-

-

-

-

Proceeds from sale of underwriter's option

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Borrowings on related party note

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,600

0

0

0

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,560

10,008

746

73

0

0

0

-

-

-

-

-

0

0

0

-

-

-

-

Net cash provided by financing activities

3,370

3,455

3,226

1,866

92

-653

11,873

12,449

15,522

17,564

5,944

6,412

4,935

4,426

0

0

0

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

0

0

0

Effect of exchange rate changes on cash

33

15

-49

-45

-43

-34

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash

129

-1,133

-1,913

-5,497

-8,509

-9,483

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of cash flow information
Interest

836

730

858

805

778

773

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Taxes

-

120

337

361

267

261

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash

-

-

-

-

-

-

-

-

-

-

-

80

-45

-45

-165

17

473

84

-2,160

-2,907

-358

-157

2,549

3,063

33

137

216

82

250

276

0

0

0

-

-

-

-

Net (decrease) increase in cash

-

-

-

-

-

-

-

-

-

-

-

640

88

-404

1,069

-41

-41

522

-1,089

-596

-10

377

-2,520

-707

-1,219

-3,420

1,273

468

1,385

3,487

241

-922

-1,860

-2,417

0

0

0

Contributed capital from JV partner

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

-

-

419

627

611

612

1,016

579

548

168

906

654

1,109

1,935

1,315

2,062

1,635

1,739

1,349

852

706

0

0

0

-

-

-

-

Taxes

-

-

-

-

-

-

-

-

-

-

-

61

72

94

94

79

130

74

-183

-100

-98

38

493

426

167

196

0

0

0

-

-

0

0

-

-

-

-

Offering costs paid for by a related party on behalf of the Company

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Formation costs paid for by a related party on behalf of the Company

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0