XML 41 R29.htm IDEA: XBRL DOCUMENT
v3.7.0.1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($) | 3 Months Ended | 6 Months Ended | 12 Months Ended |
--- | --- | --- | --- | ---
Jun. 30, 2017 | Mar. 31, 2017 | Jun. 30, 2016 | Jun. 30, 2017 | Jun. 30, 2016 | Dec. 31, 2016 | Dec. 31, 2015
Significant accounting policies [Line Items] |  |  |  |  |  |  |
Long-term Debt, Total | $ 7,238,233 |  |  | $ 7,238,233 |  | $ 4,424,758 |
Cash Fdic Insured Amount Cash Noninterest Bearing Transaction Accounts | 250,000 |  |  | 250,000 |  |  |
Foreign bank balances that are not FDIC insured | 453,572 |  |  | 453,572 |  | 498,308 |
Terminals Acquired Amount, Net |  |  |  | 406,822 |  | 311,206 |
Terminals Acquired Amount, Net Held With Merchants |  |  |  | 397,933 |  | 308,582 |
Terminals Amortization Amount Net | 38,323 |  | $ 35,285 | 84,864 |  |  |
Accrued Sales Commission, Current | 940,222 |  |  | 940,222 |  | 1,347,352 |
Deferred Sales Commission | 298,761 |  |  | $ 298,761 |  | 863,604 |
Property, Plant and Equipment, Depreciation Methods |  |  |  | straight-line basis |  |  |
Finite-lived Intangible Assets Acquired | 403,300 | $ 449,176 |  |  |  | 1,422,592 |
Amortization of Intangible Assets | 550,380 | 572,618 |  | $ 1,122,998 |  | 3,256,622 |
Finite-Lived Intangible Assets, Net | 3,308,229 | $ 3,466,408 |  | 3,308,229 |  | 3,589,850 | $ 5,423,880
Allowance for Doubtful Accounts Receivable | 795,925 |  |  | $ 795,925 |  | $ 603,031 |
Warrant [Member] |  |  |  |  |  |  |
Significant accounting policies [Line Items] |  |  |  |  |  |  |
Warrants issued and outstanding that are anti-dilutive in effect |  |  |  | 893,890 |  | 893,890 |
Employee Stock Option [Member] |  |  |  |  |  |  |
Significant accounting policies [Line Items] |  |  |  |  |  |  |
Warrants issued and outstanding that are anti-dilutive in effect |  |  |  | 2,345,221 |  | 1,936,099 |
Other Current Assets [Member] |  |  |  |  |  |  |
Significant accounting policies [Line Items] |  |  |  |  |  |  |
Terminals Amortization Amount Net |  |  |  | $ 84,864 | $ 78,549 |  |
Customer Acquiaition Cost [Member] |  |  |  |  |  |  |
Significant accounting policies [Line Items] |  |  |  |  |  |  |
Finite-lived Intangible Assets Acquired |  |  |  | 806,885 |  | $ 1,319,820 |
Amortization of Intangible Assets |  |  |  | 472,680 |  | 670,543 |
Finite-Lived Intangible Assets, Net | 2,031,542 |  |  | 2,031,542 |  | 1,697,337 |
Merchant portfolios [Member] |  |  |  |  |  |  |
Significant accounting policies [Line Items] |  |  |  |  |  |  |
Finite-Lived Intangible Assets, Net | $ 121,712 |  |  | $ 121,712 |  | $ 193,960 |
Maximum [Member] | Computers And Software [Member] |  |  |  |  |  |  |
Significant accounting policies [Line Items] |  |  |  |  |  |  |
Property, Plant and Equipment, Useful Life |  |  |  | 5 years |  |  |
Maximum [Member] | Furniture equipment and computers [Member] |  |  |  |  |  |  |
Significant accounting policies [Line Items] |  |  |  |  |  |  |
Property, Plant and Equipment, Useful Life |  |  |  | 10 years |  |  |
Maximum [Member] | Merchant portfolios [Member] |  |  |  |  |  |  |
Significant accounting policies [Line Items] |  |  |  |  |  |  |
Intangible Assets, Useful life |  |  |  | 5 years |  |  |
Minimum [Member] | Computers And Software [Member] |  |  |  |  |  |  |
Significant accounting policies [Line Items] |  |  |  |  |  |  |
Property, Plant and Equipment, Useful Life |  |  |  | 2 years |  |  |
Minimum [Member] | Furniture equipment and computers [Member] |  |  |  |  |  |  |
Significant accounting policies [Line Items] |  |  |  |  |  |  |
Property, Plant and Equipment, Useful Life |  |  |  | 3 years |  |  |
Minimum [Member] | Merchant portfolios [Member] |  |  |  |  |  |  |
Significant accounting policies [Line Items] |  |  |  |  |  |  |
Intangible Assets, Useful life |  |  |  | 3 years |  |  |

X
- Definition The amount of cash deposited in financial institutions as of the balance sheet date that is insured by the Federal Deposit Insurance Corporation in non-interest bearing transaction accounts. + References No definition available. + Details
Name: | nete_CashFdicInsuredAmountCashNoninterestBearingTransactionAccounts
Namespace Prefix: | nete_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- References No definition available. + Details
Name: | nete_SignificantAccountingPoliciesLineItems
Namespace Prefix: | nete_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition This element represents the value of terminals acquired net of amortization. + References No definition available. + Details
Name: | nete_TerminalsAcquiredAmountNet
Namespace Prefix: | nete_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition This element represents the value of terminals acquired net of amortization held by merchants. + References No definition available. + Details
Name: | nete_TerminalsAcquiredAmountNetHeldWithMerchants
Namespace Prefix: | nete_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition This element represents the amortization amount of terminals acquired. + References No definition available. + Details
Name: | nete_TerminalsAmortizationAmountNet
Namespace Prefix: | nete_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Carrying value as of the balance sheet date of obligations incurred through that date and payable for sales commissions. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=82887183&loc=d3e6935-107765 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.20) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section 45 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=82887183&loc=d3e6911-107765 + Details
Name: | us-gaap_AccruedSalesCommissionCurrent
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition For an unclassified balance sheet, a valuation allowance for receivables due a company that are expected to be uncollectible. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=84173941&loc=d3e5074-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_AllowanceForDoubtfulAccountsReceivable
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6388964&loc=d3e16225-109274 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=98514028&loc=d3e3602-108585 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a)(2) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_AmortizationOfIntangibleAssets
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
Name: | us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:sharesItemType
Balance Type: | na
Period Type: | duration

X
- Definition The amount of cash as of the balance sheet date that is not insured by the Federal Deposit Insurance Corporation. + References No definition available. + Details
Name: | us-gaap_CashUninsuredAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Carrying amount of advanced commission payments. + References No definition available. + Details
Name: | us-gaap_DeferredSalesCommission
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Useful life of finite-lived intangible assets, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. + References No definition available. + Details
Name: | us-gaap_FiniteLivedIntangibleAssetUsefulLife
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Definition Amount after amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a)(1) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 + Details
Name: | us-gaap_FiniteLivedIntangibleAssetsNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Amount of increase in assets, excluding financial assets, lacking physical substance with a definite life, from an acquisition. + References No definition available. + Details
Name: | us-gaap_FinitelivedIntangibleAssetsAcquired1
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-03(a)(16)) -URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03(16)) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_LongTermDebt
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Description of the methodology for computing depreciation for classes of depreciable assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 + Details
Name: | us-gaap_PropertyPlantAndEquipmentDepreciationMethods
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. + References No definition available. + Details
Name: | us-gaap_PropertyPlantAndEquipmentUsefulLife
Namespace Prefix: | us-gaap_
Data Type: | xbrli:durationItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_StatementEquityComponentsAxis=us-gaap_WarrantMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_OptionIndexedToIssuersEquityTypeAxis=us-gaap_EmployeeStockOptionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BalanceSheetLocationAxis=us-gaap_OtherCurrentAssetsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=nete_CustomerAcquiaitionCostMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_FiniteLivedIntangibleAssetsByMajorClassAxis=nete_MerchantPortfoliosMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RangeAxis=us-gaap_MaximumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PropertyPlantAndEquipmentByTypeAxis=nete_ComputersAndSoftwareMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_FurnitureAndFixturesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_RangeAxis=us-gaap_MinimumMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |