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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Net revenues    
Service fees $ 15,982,394 $ 12,729,663
Branded content 832,278
Total Revenues 15,982,394 13,561,941
Costs and expenses:    
Cost of service fees 13,618,334 10,650,748
Cost of branded content 809,244
General and administrative 2,446,480 2,831,161
Non-cash compensation 82,011 596,404
Bad debt expense 121,274 279,759
Depreciation and amortization 703,538 657,363
Total costs and operating expenses 16,971,637 15,824,679
Loss from operations (989,243) (2,262,738)
Interest expense, net (243,238) (269,688)
Other income (expense) (350,813) (5,773)
Net (loss) before income taxes (1,583,294) (2,538,199)
Income taxes
Net loss (1,583,294) (2,538,199)
Net (income) loss attributable to the noncontrolling interest (27,553) 50,701
Net loss attributable to Net Element, Inc. stockholders (1,610,847) (2,487,498)
Foreign currency translation 39,315 12,103
Comprehensive loss attributable to common stockholders $ (1,571,532) $ (2,475,395)
Loss per share - basic and diluted (in dollars per share) $ (0.42) $ (1.51)
Weighted average number of common shares outstanding - basic and diluted (in shares) 3,853,130 1,647,606