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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