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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) | 3 Months Ended
--- | ---
Mar. 31, 2017 | Mar. 31, 2016
Net revenues |  |
Service fees | $ 12,729,663 | $ 9,363,820
Branded content | 832,278 | 1,897,239
Total revenues | 13,561,941 | 11,261,059
Costs and expenses: |  |
Cost of service fees | 10,650,748 | 7,598,184
Cost of branded content | 809,244 | 1,787,057
General and administrative | 2,831,161 | 2,088,313
Non-cash compensation | 596,404 | 360,984
Bad debt expense | 279,759 | 251,741
Depreciation and amortization | 657,363 | 888,118
Total costs and operating expenses | 15,824,679 | 12,974,397
Loss from operations | (2,262,738) | (1,713,338)
Interest expense, net | (269,688) | (150,438)
Other expense, net | (5,773) | (21,819)
Net loss before income taxes | (2,538,199) | (1,885,595)
Income taxes | 0 | 0
Net loss | (2,538,199) | (1,885,595)
Net loss attributable to the noncontrolling interest | 50,701 | 37,876
Net loss attributable to Net Element, Inc. stockholders | (2,487,498) | (1,847,719)
Foreign currency translation | 12,103 | (29,741)
Comprehensive loss attributable to Net Element, Inc. stockholders | $ (2,475,395) | $ (1,877,460)
Loss per share - basic and diluted | $ (0.15) | $ (0.16)
Weighted average number of common shares outstanding - basic and diluted | 16,476,061 | 11,293,434

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