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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016
Net revenues |  |  |  |
Service fees | $ 15,456,310 | $ 12,117,708 | $ 28,362,086 | $ 21,481,528
Branded content | 684,731 | 1,575,140 | 1,340,896 | 3,472,379
Total revenues | 16,141,041 | 13,692,848 | 29,702,982 | 24,953,907
Costs and expenses: |  |  |  |
Cost of service fees | 12,653,556 | 10,003,934 | 23,475,543 | 17,602,087
Cost of branded content | 664,836 | 1,480,859 | 1,302,841 | 3,267,947
General and administrative | 2,599,178 | 1,999,391 | 5,430,338 | 4,087,624
Non-cash compensation | 128,537 | 2,014,589 | 724,941 | 2,375,573
Bad debt expense | 865,863 | 125,238 | 1,145,621 | 376,979
Depreciation and amortization | 573,018 | 844,535 | 1,230,381 | 1,732,653
Total costs and operating expenses | 17,484,988 | 16,468,546 | 33,309,665 | 29,442,863
Loss from operations | (1,343,947) | (2,775,698) | (3,606,683) | (4,488,956)
Interest expense, net | (322,052) | (438,976) | (591,740) | (589,414)
Loss from stock value guarantee | 0 | (2,162,861) | 0 | (2,162,861)
Other income (expense) | (49,422) | (7,705) | (55,196) | (29,604)
Net (loss) income before income taxes | (1,715,421) | (5,385,240) | (4,253,619) | (7,270,835)
Income taxes | 0 | 0 | 0 | 0
Net loss | (1,715,421) | (5,385,240) | (4,253,619) | (7,270,835)
Net loss attributable to the non controlling interest | 75,081 | 38,792 | 125,782 | 76,668
Net loss attributable to Net Element, Inc. stockholders | (1,640,340) | (5,346,448) | (4,127,837) | (7,194,167)
Foreign currency translation loss | (146,102) | (496,041) | (133,999) | (525,782)
Comprehensive loss attributable to common stockholders | $ (1,786,442) | $ (5,842,489) | $ (4,261,836) | $ (7,719,949)
Loss per share - basic and diluted | $ (0.09) | $ (0.46) | $ (0.24) | $ (0.63)
Weighted average number of common shares outstanding - basic and diluted | 17,715,382 | 11,635,434 | 17,099,145 | 11,464,434

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