Net element, inc. (NETE)
Income statement / 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'11Sep'11Jun'11Mar'11
Service fees

-

-

-

-

-

-

-

-

-

-

-

15,456

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Branded content

-

-

-

-

-

-

-

-

-

-

-

684

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues

15,842

16,645

16,819

16,487

15,047

16,096

17,242

16,464

15,982

-

14,901

16,141

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Costs and expenses:
Service fees

-

-

-

-

-

-

-

-

-

-

-

-

12,729

14,428

12,874

12,117

9,363

6,082

12,675

6,906

5,540

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Branded content

-

-

-

-

-

-

-

-

-

-

-

-

832

894

1,135

1,575

1,897

9,030

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Revenues

-

-

-

-

-

-

-

-

-

-

-

-

13,561

15,323

14,009

13,692

11,261

15,113

12,675

6,906

5,540

5,454

6,026

4,912

4,843

5,752

6,520

5,607

868

1,101

170

37

74

-

-

-

-

Cost of service fees

-

-

-

-

-

-

-

-

-

-

-

12,653

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of branded content

-

-

-

-

-

-

-

-

-

-

-

664

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of service fees

-

-

-

-

-

-

-

-

-

-

-

-

10,650

12,235

10,683

10,003

7,598

5,070

10,705

5,467

4,614

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of branded content

-

-

-

-

-

-

-

-

-

-

-

-

809

907

1,011

1,480

1,787

8,119

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of service fees

13,300

-

14,079

-

12,260

-

14,559

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,717

3,345

3,528

4,318

4,646

4,133

275

605

26

100

100

-

-

-

-

Selling, general and administrative

2,319

2,259

2,398

2,299

2,384

2,465

2,346

2,499

2,446

-

2,357

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash compensation

38

15

15

2,005

15

15

22

22

82

-

111

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt expense

442

444

423

143

339

534

611

877

121

-

319

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

779

765

755

747

851

625

463

662

703

-

630

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

573

657

968

764

844

888

596

851

626

438

457

684

624

591

792

796

616

35

23

53

119

68

-

-

-

-

Total costs and operating expenses

16,881

17,965

17,672

19,096

15,850

17,265

18,004

17,876

16,971

19,177

16,175

17,484

15,824

17,902

15,778

16,468

12,974

19,044

14,601

9,410

7,699

8,173

7,971

4,975

7,363

25,859

8,908

25,230

3,496

6,277

1,697

2,663

4,186

-

-

-

-

Formation and operating costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

120

39

106

Loss from operations

-1,038

-1,319

-852

-2,609

-803

-1,168

-761

-1,411

-989

-3,716

-1,274

-1,343

-2,262

-2,579

-1,769

-2,775

-1,713

-3,931

-1,926

-2,503

-2,159

-2,719

-1,944

-62

-2,520

-20,106

-2,388

-19,622

-2,628

-5,176

-1,527

-2,625

-4,112

-24,789

-120

-39

-106

Loss from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,441

-20,548

-

-

-

-2,697

-4,596

-

-

-

-

Net loss attributable to the noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-266

-570

-

-

-

-

-

-

-

-

-

Interest expense

348

344

270

252

245

152

215

235

243

-

302

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-412

71

-

-

-

-

-

Interest expense, net

-

-

-

-

-

-

-

-

-

-

-

-322

-269

-265

-608

-438

-150

-568

-1,605

-1,284

-117

-83

-790

-1,770

-1,061

-935

-973

-920

-149

-

-

-

-

-

-

-

-

Loss on change in fair value and settlement of beneficial conversion derivative

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,083

2,022

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from stock value guarantee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,559

-2,162

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,569

-

-

0

0

-

-

-

-

-

-

-

-

-

Gain on debt extinguishment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

79

-

-

-

-2,221

-3,962

-

-

0

0

-

-

-

-

-

-

-

-

-

Gain on asset disposal

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on debt restructure

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,596

-

-

0

0

-

-

-

-

-

-

-

-

-

Gain (loss) from asset disposal

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44

-28

-

-

0

0

-

-

-

-

-

-

-

-

-

Other income (expense)

9

1,359

83

103

-86

426

41

674

-350

384

-92

-49

-5

3

433

-7

-21

-57

-46

-8

29

-91

-57

-6

-0

10

-80

-5

-84

-

-

-

-

-

-

-

-

General and administrative

-

-

-

-

-

-

-

-

-

-

-

2,599

2,831

2,425

2,284

1,999

2,088

1,930

2,159

2,583

2,637

3,232

2,433

2,545

3,141

18,972

2,928

3,486

2,778

4,010

1,617

2,443

4,017

-

-

-

-

Non-cash compensation

-

-

-

-

-

-

-

-

-

-

-

128

596

355

732

2,014

360

-

601

601

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt expense

-

-

-

-

-

-

-

-

-

-

-

865

279

1,010

301

125

251

224

284

131

9

-

136

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for bad debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,540

101

-

537

5,792

406

1,638

0

0

0

-

-

-

-

Impairment charge relating to goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

11,200

-

-

0

0

-

-

-

-

-

Net loss from continuing operations before income taxes

-1,377

-391

-1,039

-2,758

-1,134

-515

-936

-973

-1,583

-4,099

-1,669

-1,715

-2,538

-2,842

-3,503

-5,385

-1,885

-4,768

-4,536

-1,774

-2,247

-2,997

-4,970

1,334

-3,582

-21,032

-3,441

-20,548

-2,862

-

-

-

-

-

-

-

-

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-72

-

-

-

-

Other expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-411

-

-

-

-

Loss before income tax provision

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,596

-

-

-

-

Income taxes

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

-39

0

0

39

213

0

0

0

-

-

-

0

-

-

-

-

Net loss from continuing operations

-1,377

-1,631

-1,039

-2,758

-1,134

-1,530

-936

-973

-1,583

-4,099

-1,669

-1,715

-2,538

-2,842

-3,503

-5,385

-1,885

-4,768

-4,536

-1,774

-2,247

-2,957

-4,970

1,334

-3,622

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to the non-controlling interest

-11

-23

-28

-40

-13

-18

-25

-69

27

-16

32

-75

-50

-18

-33

-38

-37

-31

-23

-10

-8

22

-9

-12

-28

-

-

-

0

108

-45

-123

-72

-

-

-

-

Other expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

51

0

-

-

-

-

-

Net loss from continuing operations attributable to Net Element, Inc.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-20,953

-3,175

-19,978

-2,862

-

-1,165

-

-

-

-

-

-

Loss from operations of discontinued entities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-21

-372

-253

-370

-

-694

-

-

-

-

-

-

Loss on disposition of assets pertaining to discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-321

-

-

-

0

-

-

-

-

-

-

Total discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-694

-

-370

-

-694

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

16

9

Net loss attributable to Net Element, Inc. stockholders

-1,366

-1,608

-1,010

-2,718

-1,120

-1,511

-910

-903

-1,610

-4,083

-1,702

-1,640

-2,487

-2,823

-3,469

-5,346

-1,847

-4,736

-4,513

-1,764

-2,239

-2,979

-4,960

1,347

-3,593

-20,974

-3,869

-20,231

-3,233

-7,478

-1,814

-2,573

-4,523

-24,625

-108

-23

-96

Dividends for the benefit of preferred stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

621

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends for the benefit of preferred stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

525

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to Net Element, Inc. common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,134

-2,289

-

-

-4,960

1,347

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency translation

130

-26

4

-5

-14

83

145

29

39

-1

92

-146

12

-298

-96

-496

-29

99

-189

-116

-108

-1,968

-273

-122

1,283

-347

162

-238

-26

278

7

-8

0

-

-

-

-

Comprehensive loss attributable to common stockholders

-1,235

-1,634

-1,006

-2,724

-1,135

-1,427

-764

-874

-1,571

-4,084

-1,610

-1,786

-2,475

-3,122

-3,566

-5,842

-1,877

-5,075

-5,324

-2,405

-2,347

-4,947

-5,234

1,225

-2,310

-21,321

-3,706

-20,470

-3,259

-7,200

-1,807

-2,582

-4,523

-

-

-

-

Loss per share - basic and diluted (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.73

-0.11

-0.71

-0.10

-

-0.05

-

-

-

-

-

-

Loss per share - basic and diluted discontinued operations (in dollars per share)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.01

-0.02

-0.01

-0.01

-

-0.04

-

-

-

-

-

-

Weighted average shares outstanding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,750

5,750

-

Weighted average shares outstanding (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,750

Loss per share - basic and diluted (in dollars per share)

-0.33

-0.41

-0.24

-0.65

-0.29

-0.40

-0.23

-0.23

-0.42

-1.70

-0.90

-0.93

-1.51

-14.09

-2.47

4.59

1.64

-21.52

-0.75

-0.46

-0.49

-2.53

-0.13

0.04

-0.11

-0.74

-0.13

-0.72

-0.11

-0.31

-0.09

-0.13

-0.24

-1.33

-0.02

0.00

-0.02

Weighted average number of common shares outstanding - basic and diluted (in shares)

4,117

3,951

4,152

4,199

3,908

3,865

3,901

3,853

3,853

2,560

1,891

1,771

1,647

1,527

1,403

1,163

1,129

-13,870

6,850

4,970

4,605

-89,056

39,316

32,368

32,273

29,358

28,163

28,133

28,224

28,193

19,314

19,115

18,819

-

-

-

-

Service Fees [Member]
Revenues

15,842

16,645

16,819

16,487

15,047

16,096

17,242

16,464

15,982

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Costs and expenses

-

-

-

13,901

-

-

-

13,814

13,618

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-