Net element, inc. (NETE)
Income statement / 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
Service fees

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Branded content

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revenues

65,794

64,999

64,451

64,874

64,851

65,786

0

0

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Costs and expenses:
Service fees

-

-

-

-

-

-

-

-

-

-

-

-

52,150

48,784

40,438

40,239

35,028

31,204

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Branded content

-

-

-

-

-

-

-

-

-

-

-

-

4,437

5,502

13,638

12,502

10,927

9,030

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Revenues

-

-

-

-

-

-

-

-

-

-

-

-

56,587

54,286

54,076

52,742

45,956

40,235

30,576

23,928

21,933

21,236

21,535

22,029

22,724

18,749

14,098

7,747

2,178

1,384

0

0

0

-

-

-

-

Cost of service fees

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of branded content

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of service fees

-

-

-

-

-

-

-

-

-

-

-

-

43,573

40,521

33,356

33,378

28,842

25,858

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of branded content

-

-

-

-

-

-

-

-

-

-

-

-

4,209

5,187

12,398

11,387

9,906

8,119

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of service fees

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,910

15,838

16,627

13,374

9,661

5,041

1,007

832

0

0

0

-

-

-

-

Selling, general and administrative

9,276

9,341

9,548

9,496

9,697

9,758

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash compensation

2,074

2,050

2,050

2,058

75

142

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt expense

1,453

1,350

1,440

1,628

2,363

2,145

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

3,048

3,120

2,979

2,687

2,602

2,454

0

0

0

-

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

2,693

2,806

2,798

2,242

1,473

730

233

266

0

0

0

-

-

-

-

Total costs and operating expenses

71,615

70,584

69,885

70,217

68,996

70,117

72,029

70,200

69,809

68,662

67,387

66,991

65,974

63,124

64,266

63,089

56,031

50,756

39,885

33,255

28,819

28,484

46,170

47,107

67,363

63,495

43,913

36,702

14,135

14,825

0

0

0

-

-

-

-

Formation and operating costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Loss from operations

-5,820

-5,585

-5,434

-5,343

-4,145

-4,331

-6,879

-7,391

-7,323

-8,597

-7,460

-7,955

-9,386

-8,837

-10,189

-10,347

-10,075

-10,521

-9,309

-9,327

-6,886

-7,247

-24,635

-25,078

-44,638

-44,746

-29,815

-28,954

-11,957

-13,440

-33,053

-31,647

-29,061

-25,055

0

0

0

Loss from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

0

0

-

-

-

-

Net loss attributable to the noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

Interest expense

1,215

1,112

919

865

848

847

0

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

Interest expense, net

-

-

-

-

-

-

-

-

-

-

-

-1,466

-1,583

-1,463

-1,766

-2,762

-3,608

-3,575

-3,090

-2,276

-2,761

-3,705

-4,558

-4,740

-3,890

-2,979

0

0

0

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from stock value guarantee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

0

-

-

-

-

-

-

-

-

-

Gain on debt extinguishment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

Gain on asset disposal

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on debt restructure

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

Gain (loss) from asset disposal

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

Other income (expense)

1,555

1,459

526

484

1,055

791

749

614

-109

236

-145

381

423

407

347

-132

-133

-82

-116

-128

-126

-155

-54

-76

-75

-160

0

0

0

-

-

-

-

-

-

-

-

General and administrative

-

-

-

-

-

-

-

-

-

-

-

10,140

9,540

8,797

8,302

8,177

8,761

9,310

10,612

10,886

10,848

11,353

27,092

27,588

28,529

28,166

13,204

11,893

10,849

12,088

0

0

0

-

-

-

-

Non-cash compensation

-

-

-

-

-

-

-

-

-

-

-

1,812

3,698

3,463

3,709

3,578

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt expense

-

-

-

-

-

-

-

-

-

-

-

2,456

1,716

1,688

902

885

891

649

561

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for bad debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

8,374

7,837

2,044

1,638

0

0

0

-

-

-

-

Impairment charge relating to goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

Net loss from continuing operations before income taxes

-5,567

-5,324

-5,448

-5,344

-3,559

-4,007

-7,592

-8,325

-9,068

-10,023

-8,765

-10,598

-14,268

-13,616

-15,542

-16,575

-12,965

-13,327

-11,556

-11,990

-8,880

-10,214

-28,250

-26,721

-48,605

-47,885

0

0

0

-

-

-

-

-

-

-

-

Interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Other expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Loss before income tax provision

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Income taxes

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

-39

-39

-39

0

253

253

253

213

0

0

0

-

-

-

0

-

-

-

-

Net loss from continuing operations

-6,807

-6,564

-6,463

-6,359

-4,574

-5,022

-7,592

-8,325

-9,068

-10,023

-8,765

-10,598

-14,268

-13,616

-15,542

-16,575

-12,965

-13,327

-11,516

-11,950

-8,840

-10,214

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to the non-controlling interest

-103

-106

-101

-98

-128

-86

-83

-25

-31

-109

-111

-177

-141

-128

-141

-131

-103

-74

-20

-6

-9

-29

0

0

0

-

-

-

-61

-133

0

0

0

-

-

-

-

Other expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-46,969

-27,182

0

0

-

0

-

-

-

-

-

-

Loss from operations of discontinued entities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,018

-1,691

0

0

-

0

-

-

-

-

-

-

Loss on disposition of assets pertaining to discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

Total discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

-

0

-

-

-

-

-

-

Interest income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net loss attributable to Net Element, Inc. stockholders

-6,703

-6,458

-6,361

-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

Dividends for the benefit of preferred stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends for the benefit of preferred stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to Net Element, Inc. common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency translation

103

-42

67

209

244

298

213

159

-16

-43

-340

-529

-878

-920

-522

-615

-235

-314

-2,382

-2,466

-2,472

-1,080

540

976

860

-449

176

20

250

276

0

0

0

-

-

-

-

Comprehensive loss attributable to common stockholders

-6,600

-6,500

-6,293

-6,052

-4,201

-4,638

-7,295

-8,140

-9,053

-9,957

-8,994

-10,950

-15,006

-14,408

-16,362

-18,119

-14,683

-15,153

-15,025

-14,935

-11,303

-11,266

-27,640

-26,112

-47,808

-48,758

-34,636

-32,737

-14,849

-16,113

0

0

0

-

-

-

-

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

65,794

64,999

64,451

64,874

64,851

65,786

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Costs and expenses

-

-

-

0

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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