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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities    
Net loss attributable to Net Element, Inc. stockholders $ (6,458,382) $ (4,936,182)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-controlling interest (106,261) (86,551)
Share based compensation 2,050,862 142,017
Deferred revenue (94,732) (216,742)
Net Non cash items in other income (1,202,201)
Impairment for Goodwil 1,326,566 636,000
Provision for bad debt (9,226) 16,238
Depreciation and amortization 3,120,243 2,454,637
Non cash interest 56,875 73,442
Changes in assets and liabilities:    
Accounts receivable (263,758) (1,503,755)
Prepaid expenses and other assets (132,218) 384,403
Accounts payable and accrued expenses (1,642,618) 971,202
Net cash used in operating activities (2,152,649) (3,267,492)
Cash flows from investing activities:    
Purchase of portfolios and client acquisition costs (2,313,662) (5,413,264)
Purchase of equipment and changes in other assets (138,000) (114,931)
Net cash used in investing activities (2,451,662) (5,528,195)
Cash flows from financing activities:    
Proceeds from Common stock
Proceeds from indebtedness 3,034,500 2,131,500
Repayment of indebtedness (162,447) (2,785,134)
Lease liability 380,986
Related party advances 202,471
Net cash provided by (used in) financing activities 3,455,510 (653,634)
Effect of exchange rate changes on cash 15,505 (34,399)
Net decrease in cash (1,133,296) (9,483,720)
Cash and restricted cash at beginning of period 2,249,551 11,733,271
Cash and restricted cash at end of period 1,116,255 2,249,551
Supplemental disclosure of cash flow information    
Interest 730,993 773,737
Taxes $ 120,544 $ 261,871