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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net loss attributable to Net Element, Inc. stockholders $ (1,366,216) $ (1,120,847)
Adjustments to reconcile net loss to net cash used in operating activities:    
Non-controlling interest (11,228) (13,966)
Share based compensation 38,400 15,006
Deferred revenue (470,205) (523,199)
Provision for bad debt 485 10,013
Depreciation and amortization 779,443 851,220
Non cash interest 12,294 14,314
Changes in assets and liabilities:    
Accounts receivable 2,520,395 1,151,285
Prepaid expenses and other assets 364,019 253,634
Accounts payable and accrued expenses (1,419,019) (875,266)
Net cash provided by (used in) operating activities 448,368 (237,806)
Cash flows from investing activities:    
Purchase of portfolios and client acquisition costs (427,031) (651,365)
Purchase of equipment and changes in other assets 6,049 (413,132)
Net cash used in investing activities (420,982) (1,064,497)
Cash flows from financing activities:    
Proceeds from Common stock
Proceeds from indebtedness 155,206
Repayment of indebtedness (145,040) (102,700)
Lease liability (31,950) 471,307
Related party advances 133,743 (171,615)
Net cash provided by financing activities 111,959 196,992
Effect of exchange rate changes on cash 5,969 (12,497)
Net increase (decrease) in cash 145,314 (1,117,808)
Cash and restricted cash at beginning of period 1,116,255 2,249,551
Cash and restricted cash at end of period 1,261,569 1,131,743
Supplemental disclosure of cash flow information    
Interest 336,120 230,789
Taxes $ 46,932