| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 |
|---|---|---|---|---|---|---|---|---|
Revenues | ||||||||
64,999 | 65,786 | 60,064 | - | - | - | - | - | - |
Costs and expenses: | ||||||||
Service fees | ||||||||
- | - | - | 48,784 | 31,204 | 21,236 | - | - | - |
Branded content | ||||||||
- | - | - | 5,502 | 9,030 | 0 | - | - | - |
Total Revenues | ||||||||
- | - | - | 54,286 | 40,235 | 21,236 | 18,749 | 1,384 | 183 |
Cost of service fees | ||||||||
- | - | - | 40,521 | 25,858 | 15,925 | - | - | - |
Cost of branded content | ||||||||
- | - | - | 5,187 | 8,119 | 0 | - | - | - |
Cost of service fees | ||||||||
54,721 | 55,617 | 51,237 | - | - | - | 13,374 | 832 | 596 |
Selling, general and administrative | ||||||||
9,341 | 9,758 | 10,629 | - | - | - | - | - | - |
Non-cash compensation | ||||||||
2,050 | 142 | 2,940 | - | - | - | - | - | - |
Bad debt expense | ||||||||
1,350 | 2,145 | 1,320 | - | - | - | - | - | - |
Depreciation and amortization | ||||||||
3,120 | 2,454 | 2,533 | - | - | - | - | - | - |
Intangible assets impairment charge | ||||||||
- | - | - | - | - | - | 872 | - | - |
Intangible assets impairment charge | ||||||||
- | - | - | - | - | - | - | 0 | - |
Goodwill and intangbile asset impairment charges | ||||||||
- | - | - | - | - | - | - | - | 0 |
Depreciation and amortization | ||||||||
- | - | - | 3,466 | 2,513 | 2,358 | 2,242 | 266 | 311 |
Total costs and operating expenses | ||||||||
70,584 | 70,117 | 68,662 | 63,124 | 50,756 | 28,484 | 63,495 | 14,825 | 25,238 |
Loss from operations | ||||||||
-5,585 | -4,331 | -8,597 | -8,837 | -10,521 | -7,247 | -44,746 | -13,440 | -25,055 |
Loss from continuing operations | ||||||||
- | - | - | - | - | - | -48,099 | - | -25,273 |
Net loss attributable to the noncontrolling interest | ||||||||
- | - | - | - | - | - | -1,129 | - | - |
Interest expense | ||||||||
1,112 | 847 | 1,189 | - | - | - | - | - | - |
Interest expense, net | ||||||||
- | - | - | -1,463 | -3,575 | -3,705 | -2,979 | 370 | - |
Loss on change in fair value and settlement of beneficial conversion derivative | ||||||||
- | - | - | - | -26,932 | 5,569 | - | - | - |
Loss from stock value guarantee | ||||||||
- | - | - | -3,722 | 0 | - | - | - | - |
Gain on change in fair value and settlement of beneficial conversion derivative | ||||||||
- | - | - | - | - | - | 0 | - | - |
Gain on debt extinguishment | ||||||||
- | - | - | - | 27,743 | -6,184 | 0 | - | - |
Gain on asset disposal | ||||||||
- | - | - | - | 40 | - | - | - | - |
Gain on debt restructure | ||||||||
- | - | - | - | - | 1,596 | 0 | - | - |
Gain (loss) from asset disposal | ||||||||
- | - | - | - | - | -87 | 0 | - | - |
Other income (expense) | ||||||||
1,459 | 791 | 236 | 407 | -82 | -155 | -160 | 2 | - |
General and administrative | ||||||||
- | - | - | 8,797 | 9,310 | 11,353 | 28,166 | 12,088 | 24,330 |
Non-cash compensation | ||||||||
- | - | - | 3,463 | 4,306 | - | - | - | - |
Bad debt expense | ||||||||
- | - | - | 1,688 | 649 | -1,153 | - | - | - |
Provision for bad debt | ||||||||
- | - | - | - | - | - | - | 1,638 | 0 |
(Recovery of) provision for loan losses | ||||||||
- | - | - | - | - | - | 7,640 | - | - |
Impairment charge relating to goodwill | ||||||||
1,326 | 636 | 0 | - | - | - | 11,200 | 0 | - |
Net loss from continuing operations before income taxes | ||||||||
-5,324 | -4,007 | -10,023 | -13,616 | -13,327 | -10,214 | -47,885 | -13,067 | - |
Interest expense | ||||||||
- | - | - | - | - | - | - | - | -171 |
Other expense | ||||||||
- | - | - | - | - | - | - | - | -45 |
Loss before income tax provision | ||||||||
- | - | - | - | - | - | - | - | -25,273 |
Income taxes | ||||||||
- | - | - | 0 | 0 | 0 | 213 | 155 | 0 |
Net loss from continuing operations | ||||||||
-6,564 | -5,022 | -10,023 | -13,616 | -13,327 | -10,214 | - | - | - |
Net loss attributable to the non-controlling interest | ||||||||
-106 | -86 | -109 | -128 | -74 | -29 | - | -133 | -419 |
Net loss from continuing operations attributable to Net Element, Inc. | ||||||||
- | - | - | - | - | - | -46,969 | -13,223 | - |
Loss from operations of discontinued entities | ||||||||
- | - | - | - | - | - | -1,018 | -3,299 | - |
Loss on disposition of assets pertaining to discontinued operations | ||||||||
- | - | - | - | - | - | -321 | 0 | - |
Total discontinued operations | ||||||||
- | - | - | - | - | - | - | -3,299 | - |
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 |
Dividends for the benefit of preferred stockholders | ||||||||
- | - | - | - | 1,585 | - | - | - | - |
Dividends for the benefit of preferred stockholders | ||||||||
- | - | - | - | - | 0 | - | - | - |
Net loss attributable to Net Element, Inc. common stockholders | ||||||||
- | - | - | - | -14,838 | -10,185 | - | - | - |
Foreign currency translation | ||||||||
-42 | 298 | -43 | -920 | -314 | -1,080 | -449 | 276 | -0 |
Comprehensive loss attributable to common stockholders | ||||||||
-6,500 | -4,638 | -9,957 | -14,408 | -15,153 | -11,266 | -48,758 | -16,113 | -24,853 |
Loss per share - basic and diluted (in dollars per share) | ||||||||
- | - | - | - | - | - | -1.65 | -0.62 | - |
Loss per share - basic and diluted discontinued operations (in dollars per share) | ||||||||
- | - | - | - | - | - | -0.05 | -0.15 | - |
Loss per share - basic and diluted (in dollars per share) | ||||||||
-1.59 | -1.28 | -5.04 | -10.33 | -23.22 | -2.73 | -1.70 | -0.77 | -1.37 |
Weighted average number of common shares outstanding - basic and diluted (in shares) | ||||||||
4,053 | 3,868 | 1,967 | 1,305 | 639 | 3,725 | 28,470 | 21,360 | 18,075 |
Branded content [Member] | ||||||||
Net revenues | ||||||||
- | - | 1,340 | - | - | - | - | - | - |
Cost of revenues | ||||||||
- | - | 1,302 | - | - | - | - | - | - |
Service Fees [Member] | ||||||||
Revenues | ||||||||
64,999 | 65,786 | 58,723 | - | - | - | - | - | - |
Costs and expenses | ||||||||
- | - | 49,934 | - | - | - | - | - | - |