PARETEUM (TEUM) 10-K/A 19 Oct 15 2014 FY Annual report (amended) Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2014	Feb. 28, 2015	Jun. 30, 2014
Document And Entity Information [Abstract]
Document Type	10-K/A
Amendment Flag	true
Document Period End Date	Dec. 31, 2014
Entity Registrant Name	ELEPHANT TALK COMMUNICATIONS CORP
Entity Central Index Key	1,084,384
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,014
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		155,112,785
Entity Public Float			$ 118
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	No
Amendment Description	EXPLANATORY NOTE The purpose of this Amendment No. 3 (“Amendment No. 3”) to the Annual Report on Form 10-K of Elephant Talk Communications Corp. (the “Company”) for the fiscal year ended December 31, 2014, originally filed with the Securities and Exchange Commission on April 1, 2015 (the “Form 10-K”), is solely to include revised disclosure to Item 7, Item 7A and Item 8 in response to certain comments from the Securities and Exchange Commission. For convenience and ease of reference, the Company is filing the Form 10-K in its entirety with applicable changes. Unless otherwise stated, all information contained in this amendment is as of April 1, 2015, the filing date of the original Form 10-K. Except as stated herein, this Amendment No. 3 does not reflect events or transactions occurring after such filing date or modify or update those disclosures in the Form 10-K that may have been affected by events or transactions occurring subsequent to such filing date. No information in the Form 10-K other than as set forth above is amended hereby. Currently-dated certifications from our Chief Executive Officer and our Chief Financial Officer have been included as exhibits to this amendment.

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)		Dec. 31, 2014	Dec. 31, 2013
CURRENT ASSETS
Cash and cash equivalents		$ 1,904,160	$ 1,252,315
Financing receivable		2,000,000
Restricted cash		312,935	$ 191,600
Accounts receivable, net of an allowance for doubtful accounts of $0 and $7,693 at December 31, 2014 and December 31, 2013 respectively	[1]	8,877,213	5,094,847
Prepaid expenses and other current assets		2,478,681	2,254,213
Total current assets		15,572,989	8,792,975
NON-CURRENT ASSETS
OTHER ASSETS		1,600,335	1,412,408
PROPERTY AND EQUIPMENT, NET		19,319,202	19,786,122
INTANGIBLE ASSETS, NET		5,076,208	8,670,677
GOODWILL		3,352,264	3,773,226
TOTAL ASSETS	[1]	44,920,998	42,435,408
CURRENT LIABILITIES
Overdraft		433,366	391,436
Accounts payable and customer deposits		1,856,014	2,586,662
Obligations under capital leases (current portion)		1,831,050	1,302,838
Deferred Revenue		8,813,385	271,767
Accrued expenses and other payables		4,061,652	4,961,303
Loans payable		962,269	$ 962,654
2014 10% + libor 3rd Party Loan (net of OID of $798,894 at December, 2014)		$ 11,201,106
10% Related Party Loan (net of Debt Discount of $1,719,585 at December 31, 2013)			$ 1,033,719
Total current liabilities		$ 29,158,842	11,510,379
LONG TERM LIABILITIES
10% 3rd Party Loan (net of Debt Discount of $726,695 at December, 2013)			4,779,913
Warrant liabilities		$ 2,087,992	1,973,534
Non-current portion of obligation under capital leases		272,460	$ 845,529
Other long term loan		354,880
Non-current portion of deferred revenue		$ 2,434,257	$ 2,364,389
Loan from joint venture partner			602,047
Total long term liabilities		$ 5,149,589	10,565,412
Total liabilities		$ 34,308,431	$ 22,075,791
Commitments and Contingencies (See Notes)
STOCKHOLDERS' EQUITY
Preferred Stock $0.00001 par value, 50,000,000 shares authorized, 0 issued and outstanding
Common Stock $0.00001 par value, 250,000,000 shares authorized, 154,671,258 issued and outstanding as of December 31, 2014 and 140,466,801 shares issued and outstanding as of December 31, 2013		$ 264,359,674	$ 248,712,321
Accumulated other comprehensive income (loss)		(3,127,132)	269,869
Accumulated deficit		(250,629,296)	(228,767,379)
Elephant Talk Communications, Corp. stockholders' equity		10,603,246	20,214,811
NON-CONTROLLING INTEREST		9,321	144,806
Total stockholders' equity	[1]	10,612,567	20,359,617
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		$ 44,920,998	$ 42,435,408
[1]	items restated

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)	2 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Aug. 28, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012
Accounts receivable, allowance for doubtful accounts	$ 0	$ 0	$ 0	$ 29,547	$ 11,307	$ 7,693	$ 559,120		$ 486,591	$ 558,438
Preferred stock, par or stated value per share	$ 0.00001	$ 0.00001	$ 0.00001	$ 0.00001	$ 0.00001	$ 0.00001	$ 0.00001		$ 0.00001	$ 0.00001
Preferred stock, shares authorized	50,000,000	50,000,000	50,000,000	50,000,000	50,000,000	50,000,000	50,000,000		50,000,000	50,000,000
Preferred stock, shares issued	0	0	0	0	0	0	0		0	0
Preferred stock, shares outstanding	0	0	0	0	0	0	0		0	0
Common stock, par value per share	$ 0.00001	$ 0.00001	$ 0.00001	$ 0.00001	$ 0.00001	$ 0.00001	$ 0.00001		$ 0	$ 0	$ 0.0001
Common stock, shares authorized	250,000,000	250,000,000	250,000,000	250,000,000	250,000,000	250,000,000	250,000,000		250,000,000	250,000,000	250,000,000
Common stock, shares issued	154,671,258	154,671,258	151,312,189	146,525,302	146,364,577	140,466,801	134,440,221		133,139,900	113,369,656
Common stock, shares outstanding	154,671,258	154,671,258	151,312,189	146,525,302	146,364,577	140,466,801	134,440,221		133,139,900	113,369,656	111,918,386
Convertible Note One [Member]
Discount on debt					$ 937,814	$ 1,719,585	$ 2,385,206
Convertible Note Two [Member]
Discount on debt	$ 0	$ 0	$ 410,853	$ 518,463	$ 623,726	$ 726,695	$ 827,421	$ 864,394
Term Loan 2014 [Member]
Loan payable, interest rate spread	10.00%	10.00%
Description of variable rate basis	LIBOR	libor
Discount on debt	$ 798,894	$ 798,894
Convertible Note Three [Member]
Discount on debt				$ 17,786

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)	3 Months Ended																6 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2013		Sep. 30, 2013		Jun. 30, 2013		Mar. 31, 2013		Jun. 30, 2014	Jun. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS [Abstract]
REVENUES	$ 5,454,503	[1]	$ 4,445,239	[1]	$ 5,072,440	[1]	$ 5,384,265	[1]	$ 5,523,647	[1]	$ 4,123,794	[1]	$ 3,564,249	[1]	$ 6,240,114	[1]	$ 10,456,705	$ 9,804,363	$ 14,901,944	$ 13,928,157	$ 20,356,447	$ 19,451,804	$ 29,202,188
COST AND OPERATING EXPENSES
Cost of service (excluding depreciation and amortization)	1,638,961	[2]	1,565,054	[2]	1,848,687	[2]	1,635,972	[2]	1,735,019	[2]	1,548,576	[2]	2,144,899	[2]	3,960,803	[2]	3,484,659	6,105,702	5,049,713	7,654,278	6,688,674	9,389,297	23,002,961
Product development	1,529,212	[2]	1,707,102	[2]	2,280,532	[2]	1,711,817	[2]	1,568,276	[2]	1,354,105	[2]	1,819,480	[2]	1,349,623	[2]	3,992,349	3,169,103	5,699,451	4,523,208	7,228,663	6,091,484	6,803,509
Sales and marketing	609,515	[2]	555,519	[2]	664,807	[2]	563,835	[2]	910,002	[2]	623,644	[2]	882,418	[2]	722,952	[2]	1,228,642	1,605,370	1,784,161	2,229,013	2,393,676	3,139,015	3,706,975
General and administrative	2,839,072	[2]	3,248,243	[2]	3,467,339	[2]	3,047,947	[2]	4,551,557	[2]	2,996,718	[2]	4,091,492	[2]	3,422,873	[2]	6,515,286	7,514,365	9,763,529	10,511,083	12,602,601	15,062,640	11,492,160
Depreciation and amortization of intangibles assets	2,383,362		1,900,251		1,928,392		2,008,214		1,901,340		1,543,687		1,836,231		1,319,988		3,936,606	3,156,219	5,836,857	4,699,906	8,220,219	6,601,246	5,710,396
Total cost and operating expenses	9,000,122		8,976,169		10,189,757		8,967,785		10,666,194		8,066,730		10,774,520		10,776,239		19,157,542	21,550,759	28,133,711	29,617,488	37,133,833	40,283,682	50,716,001
LOSS FROM OPERATIONS	(3,545,619)	[1]	(4,530,930)	[1]	(5,117,317)	[1]	(3,583,520)	[1]	(5,142,547)	[1]	(3,942,936)	[1]	(7,210,271)	[1]	(4,536,125)	[1]	(8,700,837)	(11,746,396)	(13,231,767)	(15,689,331)	(16,777,386)	(20,831,878)	(21,513,813)
OTHER INCOME (EXPENSE)
Interest income			36,684		29,545		27,611				33,773		21,527		33,721		57,156	55,247	93,840	89,020	127,793	103,627	248,017
Interest expense			(260,295)		(333,214)		(301,944)				(181,074)		(208,144)		(223,752)		(635,158)	(431,896)	(895,453)	(612,970)	(1,240,590)	(1,064,999)	(780,852)
Interest expense related to debt discount and conversion feature			(1,287,717)		(1,025,292)		(884,740)				$ (259,795)		(502,972)		(558,028)		(1,910,032)	(1,061,000)	(3,197,749)	(1,320,795)	$ (3,935,839)	(2,069,649)	(1,089,126)
Change in fair value of conversion feature													372,059		(139,792)			$ 232,267		$ 232,267		$ 232,267	2,387,326
Impairment of related party loans																							(1,060,784)
Net loss from joint venture																							$ (501,776)
Changes in fair value of warrant liabilities			(103,311)		$ 38,948		(210,272)				$ 173,333		346,016				(171,324)	$ 346,016	(274,635)	$ 519,349	$ (114,458)	$ 479,322
Gain / (Loss) on Extinguishment of Debt			626,534				(426)				(44,506)		(1,938,597)				(426)	(1,938,597)	626,108	(1,983,103)	626,108	(2,005,100)
Other income & (expense), net			301,199		$ 68,008		3,390										71,398		372,597		176,981	(302,112)
Amortization of deferred financing costs			(73,789)		(113,090)		(136,367)				(44,076)		(2,075)		(70,332)		(249,457)	(72,406)	(323,246)	(116,482)	(507,595)	(248,851)	$ (531,792)
Total other income (expense)	(1,269,062)		(760,695)		(1,335,095)		(1,502,748)		(1,682,781)		(322,345)		(1,912,186)		(958,183)		(2,837,843)	(2,870,369)	(3,598,538)	(3,192,714)	(4,867,600)	(4,875,495)	(1,328,987)
LOSS BEFORE (BENEFIT) PROVISION FOR INCOME TAXES			(5,291,625)		(6,452,412)		(5,086,268)				(4,265,281)		$ (9,122,457)		$ (5,494,308)		(11,538,680)	$ (14,616,765)	(16,830,305)	(18,882,045)	(21,644,986)	(25,707,373)	(22,842,800)
(Benefit) / provision for income taxes			(44,938)		(2,209)		135,437				41,500						133,228		88,290	41,500	216,931	(200,301)	289,136
NET LOSS	$ (4,943,322)	[1]	(5,246,687)	[1]	(6,450,203)	[1]	(5,221,705)	[1]	$ (6,583,527)	[1]	(4,306,781)	[1]	$ (9,122,457)	[1]	$ (5,494,308)	[1]	(11,671,908)	$ (14,616,765)	(16,918,595)	(18,923,545)	(21,861,917)	(25,507,072)	(23,131,936)
OTHER COMPREHENSIVE (LOSS) INCOME
Foreign currency translation gain (loss)			(2,273,740)		(148,233)		(2,219)				489,443		(534,887)		(761,762)		(150,452)	(1,296,649)	(2,424,192)	(807,208)	(3,397,001)	1,001,959	411,205
Total Other Comprehensive Income (Loss), Net of Tax											489,443		(534,887)		(761,762)			(1,296,649)		(807,208)
COMPREHENSIVE LOSS			$ (7,520,427)		$ (6,598,436)		$ (5,223,924)				$ (3,817,338)		$ (9,657,344)		$ (6,256,070)		$ (11,822,360)	$ (15,913,414)	$ (19,342,787)	$ (19,730,753)	$ (25,258,918)	$ (24,505,113)	$ (22,720,731)
Net loss per common share and equivalents - basic and diluted			$ (0.04)		$ (0.04)		$ (0.04)				$ (0.03)		$ (0.08)		$ (0.05)		$ (0.08)	$ (0.13)	$ (0.12)	$ (0.16)	$ (0.15)	$ (0.20)	$ (0.21)
Weighted average shares outstanding during the period - basic and diluted			149,468,618		146,482,547		141,752,128				134,440,221		118,686,598		112,748,951		144,130,543	115,734,177	145,929,455	122,038,045	147,700,233	126,259,634	111,322,029
[1]	items restated
[2]	items reclassified

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)	Total	BM Note [Member]	Saffelberg Note [Member]	Party One [Member]	Party Two [Member]	Common Shares [Member]	Common Shares [Member]Party One [Member]	Common Shares [Member]Party Two [Member]	Common Amount [Member]	Common Amount [Member]BM Note [Member]	Common Amount [Member]Saffelberg Note [Member]	Common Amount [Member]Party One [Member]	Common Amount [Member]Party Two [Member]	Other comprehensive income (loss) [Member]	Other comprehensive income (loss) [Member]BM Note [Member]	Other comprehensive income (loss) [Member]Saffelberg Note [Member]	Other comprehensive income (loss) [Member]Party One [Member]	Other comprehensive income (loss) [Member]Party Two [Member]	Accummulated Deficit [Member]	Accummulated Deficit [Member]BM Note [Member]	Accummulated Deficit [Member]Saffelberg Note [Member]	Accummulated Deficit [Member]Party One [Member]	Accummulated Deficit [Member]Party Two [Member]
Beginning balance at Dec. 31, 2011	$ 34,917,233								$ 216,188,899					$ (1,143,295)					$ (180,128,371)
Beginning balance, shares at Dec. 31, 2011						110,525,231
Shares issued for warrant exercises	650,000								650,000
Shares issued for warrant exercises, shares						595,000
Shares issued for employee stock option exercises	519,425								519,425
Shares issued for employee stock option exercises, shares						464,972
Shares issued for board & management compensation	1,144,498								1,144,498
Shares issued for board & management compensation, shares						499,121
Shares issued for acquisitions	$ 300,272								$ 300,272
Shares issued for acquisitions, shares						134,046
Shares returned by former CFO
Shares returned by former CFO, shares						(300,000)
Shares to be issued	$ 50,100								$ 50,100
Warrant solicitation fee	(28,438)								(28,438)
Amortization of Stock Options expense	5,220,793								5,220,793
Expenses attributable to share issuances	(79,642)								$ (79,642)
Other comprehensive loss due to foreign exchange rate translation net of tax	411,205													$ 411,205
Net Loss	(23,131,936)																		$ (23,131,936)
Ending balance at Dec. 31, 2012	$ 19,973,510								$ 223,965,907					$ (732,090)					(203,260,307)
Ending balance, shares at Dec. 31, 2012	111,918,386					111,918,370
Other comprehensive loss due to foreign exchange rate translation net of tax	$ (761,762)
Net Loss	(5,494,308)
Ending balance at Mar. 31, 2013	$ 15,654,283
Ending balance, shares at Mar. 31, 2013	113,369,656
Beginning balance at Dec. 31, 2012	$ 19,973,510								223,965,907					(732,090)					(203,260,307)
Beginning balance, shares at Dec. 31, 2012	111,918,386					111,918,370
Other comprehensive loss due to foreign exchange rate translation net of tax	$ (1,296,649)
Net Loss	(14,616,765)
Ending balance at Jun. 30, 2013	$ 17,233,829
Ending balance, shares at Jun. 30, 2013	133,139,900
Beginning balance at Dec. 31, 2012	$ 19,973,510								223,965,907					(732,090)					(203,260,307)
Beginning balance, shares at Dec. 31, 2012	111,918,386					111,918,370
Other comprehensive loss due to foreign exchange rate translation net of tax	$ (807,208)
Net Loss	(18,923,546)
Ending balance at Sep. 30, 2013	$ 20,867,823
Ending balance, shares at Sep. 30, 2013	134,440,221
Beginning balance at Dec. 31, 2012	$ 19,973,510								223,965,907					$ (732,090)					$ (203,260,307)
Beginning balance, shares at Dec. 31, 2012	111,918,386					111,918,370
Shares issued for note conversions	$ 1,306,848								1,306,848
Shares issued for note conversions, shares						1,840,631
Shares issued for warrant exercises	3,200,590								3,200,590
Shares issued for warrant exercises, shares						5,596,459
Shares issued for employee stock option exercises	529,648								529,648
Shares issued for employee stock option exercises, shares						809,737
Shares issued for board & management compensation	758,964								758,964
Shares issued for board & management compensation, shares						775,985
Shares issued for acquisitions	1,455,000								1,455,000
Shares issued for acquisitions, shares						1,250,000
Shares issued to consultants	152,000								152,000
Shares issued to consultants, shares						200,000
Shares issued for rental termination settlement	468,000								468,000
Shares issued for rental termination settlement, shares						400,000
Shares issued for financing				$ 12,000,000	$ 225,000							$ 12,000,000	$ 225,000
Shares issued for financing, shares							17,425,621	250,000
Shares to be issued	(323,987)								(323,987)
Amortization of Stock Options expense	7,764,830								7,764,830
Expenses attributable to share issuances	(790,498)								(790,498)
FMV Warrants issued in relation to SPA closings and issued as Warrant liability	(5,636,315)								(5,636,315)
FMV of Warrants issued classified as Debt Discount	1,398,121								1,398,121
FMV of Conversion Rights classified as Debt Discount	1,105,809								1,105,809
FMV of Beneficial Conversion Feature classified as Debt Discount	1,132,404								1,132,404
Other comprehensive loss due to foreign exchange rate translation net of tax	1,001,959													$ 1,001,959
Net Loss	(25,507,072)																		$ (25,507,072)
Ending balance at Dec. 31, 2013	$ 20,214,811								248,712,321					269,869					(228,767,379)
Ending balance, shares at Dec. 31, 2013	140,466,801					140,466,801
Beginning balance at Mar. 31, 2013	$ 15,654,283
Beginning balance, shares at Mar. 31, 2013	113,369,656
Other comprehensive loss due to foreign exchange rate translation net of tax	$ (534,887)
Ending balance at Jun. 30, 2013	$ 17,233,829
Ending balance, shares at Jun. 30, 2013	133,139,900
Other comprehensive loss due to foreign exchange rate translation net of tax	$ 489,443
Ending balance at Sep. 30, 2013	$ 20,867,823
Ending balance, shares at Sep. 30, 2013	134,440,221
Beginning balance at Dec. 31, 2013	$ 20,214,811								248,712,321					269,869					(228,767,379)
Beginning balance, shares at Dec. 31, 2013	140,466,801					140,466,801
Other comprehensive loss due to foreign exchange rate translation net of tax	$ (2,219)
Net Loss	(5,221,705)
Ending balance at Mar. 31, 2014	$ 19,662,426
Ending balance, shares at Mar. 31, 2014	146,364,577
Beginning balance at Dec. 31, 2013	$ 20,214,811								248,712,321					269,869					(228,767,379)
Beginning balance, shares at Dec. 31, 2013	140,466,801					140,466,801
Other comprehensive loss due to foreign exchange rate translation net of tax	$ (150,452)
Net Loss	(11,671,908)
Ending balance at Jun. 30, 2014	$ 15,024,410
Ending balance, shares at Jun. 30, 2014	146,525,302
Beginning balance at Dec. 31, 2013	$ 20,214,811								248,712,321					269,869					(228,767,379)
Beginning balance, shares at Dec. 31, 2013	140,466,801					140,466,801
Other comprehensive loss due to foreign exchange rate translation net of tax	$ (2,424,192)
Net Loss	(16,918,595)
Ending balance at Sep. 30, 2014	$ 12,926,725
Ending balance, shares at Sep. 30, 2014	151,312,189
Beginning balance at Dec. 31, 2013	$ 20,214,811								248,712,321					$ 269,869					$ (228,767,379)
Beginning balance, shares at Dec. 31, 2013	140,466,801					140,466,801
Shares issued for note conversions		$ 3,791,541	$ 2,312,334							$ 3,791,541	$ 2,312,334
Shares issued for note conversions, shares		4,238,501	2,817,993
Shares issued for warrant exercises	$ 3,993,677								3,993,677
Shares issued for warrant exercises, shares						5,782,700
Shares issued for employee stock option exercises	469,208								469,208
Shares issued for employee stock option exercises, shares						621,638
Shares issued for board & management compensation	$ 533,573								$ 533,573
Shares issued for board & management compensation, shares						443,625
Shares issued for acquisitions
Shares issued for acquisitions, shares
Shares issued to consultants	$ 271,350								$ 271,350
Shares issued to consultants, shares						300,000
Shares to be issued	(18,075)								(18,075)
Amortization of Stock Options expense	3,228,939								3,228,939
Expenses attributable to share issuances	(206,340)								(206,340)
FMV of Warrants issued classified as Debt Discount	1,271,146								$ 1,271,146
Other comprehensive loss due to foreign exchange rate translation net of tax	(3,397,001)													$ (3,397,001)
Net Loss	(21,861,917)																		$ (21,861,917)
Ending balance at Dec. 31, 2014	$ 10,603,246								$ 264,359,674					$ (3,127,132)					$ (250,629,296)
Ending balance, shares at Dec. 31, 2014	154,671,258					154,671,258
Beginning balance at Mar. 31, 2014	$ 19,662,426
Beginning balance, shares at Mar. 31, 2014	146,364,577
Other comprehensive loss due to foreign exchange rate translation net of tax	$ (148,233)
Ending balance at Jun. 30, 2014	$ 15,024,410
Ending balance, shares at Jun. 30, 2014	146,525,302
Other comprehensive loss due to foreign exchange rate translation net of tax	$ (2,273,740)
Ending balance at Sep. 30, 2014	$ 12,926,725
Ending balance, shares at Sep. 30, 2014	151,312,189

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (21,861,917)	$ (25,507,072)	$ (23,131,936)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization of intangibles assets	8,220,219	6,601,246	5,710,396
Provision for doubtful accounts	17,410	22,005	117,394
Share-based compensation	$ 3,888,275	8,515,391	6,302,141
Change in fair value of conversion feature		(232,267)	$ (2,387,326)
Change in fair value of warrant liability	$ 114,458	(479,322)
Amortization of deferred financing costs	507,595	248,851	$ 531,792
Interest expense relating to debt discount and conversion feature	3,935,839	2,069,649	$ 1,089,126
Unrealized foreign currency translation gain (loss)	(176,981)	302,112
(Profit) / Loss on Extinguishment of Debt	$ (626,108)	$ 2,005,100
Net loss from joint venture			$ 501,776
Loans to related party impairment charge			1,060,784
Changes in operating assets and liabilities:
Decrease (increase) in restricted cash		$ 1,052,257	(1,040,074)
Decrease (increase) in accounts receivable	$ (4,464,754)	799,269	1,292,883
Decrease (increase) in prepaid expenses, deposits and other assets	(94,528)	(465,026)	(247,443)
Increase (decrease) in accounts payable and customer deposits	(565,040)	(3,415,032)	272,500
Increase (decrease) in deferred revenue	8,623,960	2,374,639	114,673
Increase (decrease) in accrued expenses and other payables	378,637	140,514	1,014,042
Net cash (used) in operating activities	(2,102,935)	(5,967,686)	(8,799,272)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	$ (7,851,460)	$ (5,898,169)	(2,224,923)
Cash received from acquisition of subsidiary			36,188
Loans to related party			(1,060,784)
Loans to joint venture partners			(146,496)
Cash paid for 100% acquisition of subsidiary	$ (36,465)		(146,496)
Loan to third party	(100,000)	$ (163,542)	(111,023)
Net cash used in investing activities	(7,987,925)	(6,061,711)	$ (3,653,534)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from November 2014 10% + libor 3rd Party Loan, net of OID	$ 11,620,000
Proceeds from 12% Unsecured Loan from Related Party		1,290,790
Proceeds from Share Purchase Agreement - Unregistered securities		225,000
Proceeds from Share Purchase Agreement - Registered direct		7,500,000
Proceeds from Share Purchase Agreement Related Party		4,500,000
Proceeds from 10% Affiliate Loan		2,652,600
(Repayments)/Proceeds from 10% 3rd Party Loan	$ (2,492,400)	$ 5,305,200
Proceeds from 8% Convertible Note, net of OID			$ 8,000,000
Financing receivable	$ (2,000,000)		(2,273,720)
Financing related fees	$ (815,437)		(543,437)
(Payments on) proceeds from convertible note installment payments and interest		$ (8,642,149)	1,531,293
Exercise of warrants & options	$ 4,462,885	581,142	$ 1,081,925
Cash from Escrow account for principal and interest payments on 8% Convertible Notes		742,427
Trade note payable		(512,732)	$ (315,000)
Payment of placement & solicitation fees		(1,362,124)
Net cash provided by financing activities	$ 10,775,048	12,280,154	$ 7,481,061
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS	(32,343)	(231,710)	195,437
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	651,845	19,047	(4,776,308)
CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD	1,252,315	1,233,268	6,009,576
CASH AND CASH EQUIVALENTS, END OF THE PERIOD	1,904,160	1,252,315	1,233,268
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the period for interest	$ 954,123	745,096	504,718
Increase in Share Capital due to Telnicity Acquisition		1,180,000	578,357
Increase in Share Capital for third party settlement	$ 271,350	468,000	342,006
Cash paid during the period for income taxes	$ 56,881	45,930	$ 15,858
Purchase of property and equipment under capital lease agreements		$ 2,620,182

CONSOLIDATED STATEMENTS OF CAS7

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - Term Loan 2014 [Member]	2 Months Ended	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2014
Loan payable, interest rate spread	10.00%	10.00%
Description of variable rate basis	LIBOR	libor

Reclassifications

Reclassifications	12 Months Ended
	Dec. 31, 2014
Reclassifications [Abstract]
Reclassifications	Note 1. Reclassifications The Company underwent a transition process starting 2012 moving from the Landline business to the Mobile and Security services business. In 2014, the Company re-evaluated the composition of the Cost of revenues and Selling, General and Administrative function, reviewed all staff costs to determine which costs were directly attributable to the generation of revenue, and concluded that certain costs related to product development should be reclassified. As a consequence, the Company has reclassified certain staff costs included in SG&A to Cost of Service, and also it disaggregated the function SG&A into Selling and Marketing, General and Administrative and Product Development. The reclassification of operating costs are material to the annual periods ended December 31, 2012, 2013, the interim periods therein, or to the interim periods within fiscal year 2014 and are included in the restatement in Note 35. These expenses have been reclassified in the Consolidated Statements of Operations for fiscal years 2013 and 2012 to conform to the current period presentation (See Note 35 for the restatement).

Business and Summary of Signifi

Business and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Business and Summary of Significant Accounting Policies [Abstract]
Business and Summary of Significant Accounting Policies	Note 2. Business and Summary of Significant Accounting Policies Description of Business As a mobile Software Defined Network Architecture (Software DNA®) vendor, Elephant Talk Communications Corp. and its subsidiaries (also referred to as “Elephant Talk”, “ET” and the “Company”) provide a one stop solution for a full suite of mobile, fixed and convergent telecommunications software services. The Company also provides layered security services for mission critical applications in the cloud, through its wholly owned subsidiary, ValidSoft UK Limited (“ValidSoft”). Over the last decade, Elephant Talk has developed a comprehensive Mobile Enabling Platform, capable of hosting an integrated IT/BackOffice and Core Network for Mobile Network Operators (MNOs) and Mobile Virtual Network Operators (MVNOs), Enablers (MVNEs) and Aggregators (MVNAs) on a fully outsourced basis. The Company's mobile enabling platform is either made available as an on premise solution or as a fully hosted service in ‘the cloud', depending on the individual needs of its MNO and MVNO/MVNE/MVNA partners. The Company's mobile security services supply telecommunications-based multi-factor mutual authentication, identity and transaction verification solutions for all electronic transaction channels. This integrated suite of security services provides mission critical applications in the cloud to customers in industries such as financial services, government benefits, and insurance, as well as electronic medical record providers and MNOs. The Company's services provide customers with tools to combat a variety of electronic fraud while at the same time protecting consumer privacy. Financial Condition As reflected in the accompanying consolidated financial statements, the Company incurred net losses of $21,861,917 and $25,507,072 (as adjusted) for the twelve month periods ended December 31, 2014 and 2013, respectively, and had an accumulated deficit of $250,629,296 as of December 31, 2014. On November 17, 2014 (the “Atalaya Closing Date”), the Company and certain of its subsidiaries entered into a term loan credit agreement with Atalaya Administrative LLC, as the administrative agent and collateral agent, and the lenders party thereto (the “Credit Agreement”). The Credit Agreement provides for a twelve million dollar term loan facility (the “Term Loan Facility”) with an advance of $10,000,000 made on Atalaya Closing Date. The Term Loan Facility will mature on December 31, 2017. An amount of $3,114,066 (€2,498,849) of these proceeds has been used to repay the then outstanding principal and accrued interest of the 10% 3rd Party Convertible Note as existent in November 2014. The remaining $2,000,000 of the loan was held back subject to the Company fulfilling post-closing obligations. In January 2015 the Company fulfilled the post-closing conditions and received the remaining $2,000,000. In 2014 the Company improved its cash generating activities compared with the year before. However, due to the very strong buildup of accounts receivable in the fourth quarter, there was a net cash used for operating activities of $ 2.1 million in 2014. The primary cause of the accounts receivable increases are the result of Group Iusacell, S.A.'s (“Iusacell”) deferring the payment for services performed during the fourth quarter 2014. The outstanding receivables of Iusacell constituted 72% of total accounts receivable at December 31, 2014. After Iusacell was acquired by AT&T, AT&T/Iusacell indicated its intention to terminate the five-year agreement between the Company and Iusacell dated September 10, 2013 (the “Iusacell Agreement”). The Company received a settlement proposal from Iusacell/AT&T, in exchange for the termination of the Iusacell Agreement, payment of a certain amount of cash, consisting of outstanding account payables and additional payment to compensate the Company for the loss of future fees to be due under the Iusacell Agreement. Presently management is evaluating the settlement proposal of Iusacell/AT&T. The intended termination of Iusacell Agreement has and will have a significant impact to our revenue, financial conditions and liquidity. During the three months ended December 31, 2014, if Iusacell would have paid the agreed amounts for fourth quarter 2014 we would have received cash payments of around $1 million per month. Once termination and settlement payments have been consummated the impact compared to the three months ended 31 December 2014 non-gaap revenues would have been approximately $1 million per month. The Company expects reaching a settlement agreement with AT&T/Iusacell in the near future. However, there can be no assurance that the outcome will be successful as the Company expected. In case the outcome falls short of the Company's expectations, the Company will need to conduct financing and/or further scale back its operations. Even though the Company has been successful in the past to arrange for sufficient liquidity for the Company, the above conditions raise substantial doubt as to Company's ability to continue as a going concern. Principles of Consolidation The accompanying consolidated financial statements include the accounts of Elephant Talk Communications Corp. and its subsidiaries and have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”). All intercompany transactions and account balances have been eliminated in consolidation. The Company's subsidiaries are: • its wholly-owned subsidiary Elephant Talk Europe Holding B.V. and its wholly owned subsidiaries Elephant Talk Communications Luxembourg SA, Elephant Talk Communications Italy S.R.L., ET-Stream GmbH, Elephant Talk Business Services W.L.L., Guangzhou Elephant Talk Information Technology Limited, Elephant Talk Deutschland GmbH, Morodo Group Ltd., Elephant Talk Belgium BVBA, and the majority owned (51%) subsidiaries Elephant Talk Communications PRS U.K. Limited and (51%) ET-UTS NV; • Elephant Talk Europe Holding B.V.'s wholly-owned subsidiary Elephant Talk Communication Holding AG and its wholly-owned subsidiaries Elephant Talk Communications S.L.U., Elephant Talk Mobile Services B.V., Elephant Talk Telekom GmbH, Elephant Talk Communication Carrier Services GmbH, Elephant Talk Communication Schweiz GmbH, Elephant Talk Communication (Europe) GmbH and the subsidiary Elephant Talk Communications Premium Rate Services Netherlands B.V.; • Elephant Talk Telecomunicação do Brasil LTDA, is owned 90% by Elephant Talk Europe Holding B.V. and 10% by Elephant Talk Communication Holding AG; • Elephant Talk Europe Holding B.V.'s majority (100%) owned subsidiary Elephant Talk Middle East & Africa (Holding) W.L.L., its wholly owned (100%) subsidiaries Elephant Talk Middle East & Africa (Holding) Jordan L.L.C., and its majority owned (99%) Elephant Talk Bahrain W.L.L.; • its wholly-owned subsidiary Elephant Talk Limited (“ETL”) and its majority owned (50.54%) subsidiary Elephant Talk Middle East & Africa FZ-LLC and 100% owned Elephant Talk Communications France S.A.S.; • its wholly-owned subsidiary Elephant Talk North America, Corp; • its wholly-owned subsidiary ValidSoft Limited (Ireland) and its wholly-owned subsidiary ValidSoft UK Limited; • its wholly-owned subsidiary Elephant Talk Group International B.V., based in The Netherlands, and • Elephant Talk Europe Holding B.V.'s majority owned subsidiary (99,998%) ET de Mexico S.A.P.I. de C.V. and its majority owned subsidiary (99%) Asesores Profesionales ETAK S. de RL. de C.V. Business combinations: On April 1, 2013, the Company, through its subsidiary Elephant Talk North America Corp, entered into an asset purchase agreement to acquire most of the assets of Telnicity LLC, a company established in the US (see Note 9). The assets and operations are consolidated into the financials of the Company as of April 1, 2013. All intercompany balances and transactions are eliminated in consolidation. Foreign Currency Translation The functional currency is Euros for the Company's wholly-owned subsidiary Elephant Talk Europe Holding B.V. and its subsidiaries, Euros for its wholly-owned subsidiary Elephant Talk Global Holding B.V., the Hong Kong Dollar for its wholly-owned subsidiary ETL and the British Pound Sterling for its wholly-owned subsidiary ValidSoft. The financial statements of the Company were translated to USD using period-end exchange rates as to assets and liabilities and average exchange rates as to revenues and expenses, and capital accounts were translated at their historical exchange rates when the capital transaction occurred. In accordance with ASC 830, Foreign Currency Matters, net gains and losses resulting from translation of foreign currency financial statements are included in the statement of stockholder's equity as other comprehensive income (loss). Foreign currency transaction gains and losses are included in consolidated income/(loss), under the line item ‘Other income/(expense)'. Use of Estimates The preparation of the accompanying financial statements conforms with accounting principles generally accepted in the U.S. and requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Significant areas of estimates include bad debt allowance, valuation of financial instruments, useful lives and share-based compensation. Actual results may differ from these estimates under different assumptions or conditions. Cash and Cash Equivalents For purposes of the cash flow statements, the Company would normally consider all highly liquid investments with original maturities of three months or less at the time of purchase to be cash equivalents. The Company has full access to the whole balance of cash and cash equivalents on a daily basis without any delay. Financing Receivables The financing receivables reported as per December 31, 2014 relate to the securitization of assets and transfers of certain contracts of the 2014 10% Term Loan Agreement (see Note 15), were still pending to be finalized as of December 31, 2014. The Company agreed with the lender to withhold $2,000,000 from the total financing until certain post-closing conditions were met by the Company. On January 12 th Restricted Cash Restricted cash as of December 31, 2014 and 2013 was $312,935 and $191,600 respectively, and consists of cash deposited in blocked accounts as bank guarantees for national interconnection, wholesale agreements with telecom operators and a bid offer guarantee. Accounts Receivables, Net The Company's customer base consists of a geographically dispersed customer base. The Company maintains an allowance for potential credit losses on accounts receivable. The Company makes ongoing assumptions relating to the collectability of our accounts receivable. The accounts receivable amounts presented on our balance sheets include reserves for accounts that might not be collected. In determining the amount of these reserves, the Company considers its historical level of credit losses. The Company also makes judgments about the creditworthiness of significant customers based on ongoing credit evaluations, and the Company assesses current economic trends that might impact the level of credit losses in the future. The Company's reserves have generally been adequate to cover its actual credit losses. However, since the Company cannot reliably predict future changes in the financial stability of its customers, it cannot guarantee that its reserves will continue to be adequate. If actual credit losses are significantly greater than the reserves, the Company would increase its general and administrative expenses and increase its reported net losses. Conversely, if actual credit losses are significantly less than our reserve, this would eventually decrease the Company's general and administrative expenses and decrease its reported net losses. Allowances are recorded primarily on a specific identification basis. See Note 3 of the Financial Statements for more information. Leasing Arrangements At the inception of a lease covering equipment or real estate, the lease agreement is evaluated under the criteria of ASC 840, Leases. Revenue Recognition and Deferred Revenue Revenue represents amounts earned for (non-software) arrangements consisting of hosting subscriptions for mobile and security solutions. We also offer customer support and professional services related to implementing and supporting our suite of applications. Revenues generally are recognized net of any taxes collected from customers and subsequently remitted to governmental authorities. Hosting subscriptions provide customers access to our software on a subscription basis, and support services (e.g. network operating costs and second line helpdesk) related to those arrangements. Hosting subscriptions are recognized ratably over the contract term commencing with the date our service is made available to customers and when all of the following conditions have been met: (i) there is persuasive evidence of an arrangement; (ii) delivery has occurred; (iii) the fee is fixed or determinable; and (iv) collectability of the fee is reasonably assured. Revenue is recorded as deferred revenue before all of the relevant criteria for revenue recognition are satisfied. Beginning in 2013, when our business transitioned form the landline business to the mobile and security solutions business, the Company entered into multiple element arrangements which are accounted in accordance with ASC 605-25 “Revenue Recognition-Multiple Element Arrangements” The elements in a multiple element arrangement are identified and are separated into separate units of accounting when both of the following criteria are met: The delivered item or items have value to the customer on a stand-alone basis, meaning the delivered item or items have value on a standalone basis if it sold separately by any vendor or the customer could resell the delivered item or items on a stand-alone basis. And if the arrangement includes a general right of return related to the delivered item, delivery or performance of the undelivered item or items are considered probably and substantially in the control of the Company. Total consideration of a multiple-element arrangement is then allocated using the relative selling price method using the hierarchy prescribed in ASC 605-25. In accordance with that hierarchy if fair value of the vendor specific objective evidence (VSOE) or, third-party evidence (TPE) does not exist for the element, then the best estimated selling price (BESP) is used. Since the Company does not have neither VSOE nor TPE the Company determines BESP for all deliverables in their Hosting arrangements. In determining the BESP, the Company considering multiple factors which include, and are not limited to, the following: i) gross margin objectives and internal costs for services; ii) pricing practices, market conditions, iii) competitive landscape and iv) growth strategy . In accordance, management's judgment is applied regarding, among other aspects, conformance with acceptance criteria and if delivery of services has occurred and the degree of completion. In the paragraphs below we explain the revenue recognition policy for each element. For the mobile solutions services the Company recognizes revenues from customers accessing our cloud-based application suite in two different service offerings, namely managed services and bundled services. For managed services, revenues are recognized for network administration services provided to end users on behalf of Mobile Network Operators (MNO) and virtual Mobile Network Operators (MVNO's). Managed service revenues are recognized monthly based on an average number of end-users managed and calculated on a pre-determined service fee per user. For bundled services, the Company provides both network administration as well as mobile airtime management services. Revenues for bundled services are recognized monthly based on an average number of end-users managed and mobile air time and calculated based on a pre-determined service fee. Technical services that meet the criteria to be separated as a separate unit of accounting is recognized as the services are performed. Otherwise they are deferred and recognized over the contract term.. Our arrangements with customers do not provide the customer with the right to take possession of the software supporting the cloud-based application service at any time. For the security solutions we recognize revenues primarily from SIM (Subscriber Identity Module) lookup services using the VALid-SSD platform. Security solutions revenue is recognized based on the number of SIM lookups performed and calculated based on a pre-determined service fee per lookup. Other revenues recognized in the security business include consulting services which are recognized as the services are performed. Telecommunication revenues were recognized when delivery occurred based on a pre-determined rate and number of user minutes and number of calls that the Company has managed in a given month. Professional services and other revenue include fees from consultation services to support the business process mapping, configuration, data migration, integration and training. Amounts that have been invoiced are recorded in accounts receivable and in deferred revenue or revenue, depending on whether the revenue recognition criteria have been met. Revenue for professional and consulting services in connection with an implementation or implantation of a new customer that are deemed not to have stand-alone value is recognized over the contractual period commencing when the subscription service is made available to the customer. Revenue from other professional services that provide added value such as new features or enhancements to the platform, are deferred and begin revenue recognition when the feature is activated over the longer of the estimated customer life or contract term Our consideration of whether our hosted solutions and the associated professional services/consulting or other services are to be accounted separately or as one combined element of the arrangement includes the following: • professional services/consulting for implementation and integration, are not deemed to have standalone value, or • professional services related to optional services engagements that are not essential to the functionality of our core platform and optional services arrangements, and are considered to have standalone value. Cost of Revenues and Operating Expenses Cost of Service Cost of service includes origination, termination, network and billing charges from telecommunications operators, costs of telecommunications service providers, network costs, data center costs, facility cost of hosting network and equipment and cost in providing resale arrangements with long distance service providers, cost of leasing transmission facilities, international gateway switches for voice, data transmission services, and the Cost of professional services of staff directly related to the generation of revenues, consisting primarily of employee-related costs associated with these services, including share-based expenses and the cost of subcontractors. Cost of service excludes depreciation and amortization. Research and Development Expense Research and development expenditures are expensed in the period incurred, and these expenses are included within the operating expenses function Product Development. Costs incurred during the application development stage of internal-use software projects, such as those used in the Company's operations, are capitalized in accordance with the accounting guidance for costs of computer software developed for internal use in ASC 350-40. There are three main stages of computer software development. These stages are defined as (1) the preliminary project stage, (2) the application development stage, and (3) the post-implementation / operation stage. Only costs included in the application development stage are eligible for capitalization. Capitalization of costs begins once management authorizes and commits funding and the preliminary project stage is completed. Capitalized costs are amortized on a straight-line basis. When assigning useful lives to internal-use software, the Company considers the effects of obsolescence, competition, technology, and other economic factors. Product Development costs for the period ended December 31, 2014, 2013 and 2012 were $7,228,663, $6,091,484 and $6,803,509, respectively. During the period ended December 31, 2014 and 2013, the Company capitalized $4,674,199, $3,505,742 and $1,731,341, respectively. Reporting Segments ASC 280, Segment Reporting (“ASC 280”), defines operating segments as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performances. The business operates as one single segment and discrete financial information is based on the whole, not segregated; and is used by the chief decision maker accordingly. Financial Instruments The carrying values of cash and cash equivalents, restricted cash, accounts receivable, accounts payable and customer deposits approximate their fair values based on their short-term nature. The recorded values of long-term debt approximate their fair values, as interest approximates market rates. The Company's conversion feature, a derivative instrument, is recognized in the balance sheet at its fair values with changes in fair market value reported in earnings. Fair Value Measurements In accordance with ASC 820, Fair Value Measurement (“ASC 820”), the Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability (i.e., the exit price) in an orderly transaction between market participants at the measurement date. ASC 820 establishes a fair value hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are those that market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Company. Unobservable inputs reflect the Company's assumptions about the inputs that market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The fair value hierarchy is categorized into three levels based on the inputs as follows: Level 1 Level 2 Level 3 The degree of judgment exercised by the Company in determining fair value is greatest for securities categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined by the lowest level input that is significant to the fair value measurement. The Company has three asset groups that are valued at fair value categorized within Level 3: Warrant liabilities (recurring measurement), goodwill and intangibles (non-recurring measurements) for the impairment test. Below are discussions of the main assumptions used for the recurring measurements. Recurring Measurement - Warrant Liabilities (see also Note 19) Number of Outstanding arrants The number of outstanding warrants is adjusted every re-measurement date after deducting the exercise or exchange of any outstanding warrants during the previous reporting period. Stock Price at Valuation Date The closing stock price at re-measurement date being the last available closing price of the reporting period taken from www.nasdaq.com. Exercise Price The exercise price is fixed and determined under the terms - of the financing facility it was issued. Remaining Term The remaining term is calculated by using the contractual expiration date of the 8% Senior Secured Convertible Note at the moment of re-measurement. Expected Volatility Management estimates expected cumulative volatility giving consideration to the expected life of the note and calculated the annual volatility by using the continuously compounded return calculated by using the share closing prices of an equal number of days prior to the maturity date of the note (reference period). The annual volatility is used to determine the (cumulative) volatility of the Company´s common stock (= annual volatility * square root (expected life)). Risk-Free Interest Rate Management estimates the risk-free interest rate using the “Daily Treasury Yield Curve Rates” from the US Treasury Department with a term equal to the reported rate, or derived by using both spread in intermediate term and rates, up to the maturity date of the 8% Senior Secured Convertible Note. Expected Dividend Yield Management estimates the expected dividend yield by giving consideration to the Company´s current dividend policies as well as those anticipated in the future considering the Company´s current plans and projections. Exchange Condition The warrant holder has the option to do a cashless exchange of warrants at certain exchange conditions described in the warrants. The valuation for the exchange is based on a Black-Scholes calculation with pre-determined variables such as volatility remaining term risk-free rate dividend yield exercise price market price Mandatory Exercise Condition Management's estimate for the likelihood of being able to force a mandatory exercise of the warrants prior to the maturity of the warrant agreement. Share-based Compensation The Company follows the provisions of ASC 718, Compensation-Stock Compensation, (“ASC 718”). Under ASC 718, share-based awards are recorded at fair value as of the grant date and recognized as expense with an adjustment for forfeiture over the employee's requisite service period (the vesting period, generally up to three years). The share-based compensation cost based on the grant date fair value is amortized over the period in which the related services are received. To determine the value of our stock options at grant date under our employee stock option plan, the Company uses the Black-Scholes option-pricing model. The use of this model requires the Company to make a number of subjective assumptions. The following addresses each of these assumptions and describes our methodology for determining each assumption: Expected Life The expected life represents the period that the stock option awards are expected to be outstanding. The Company uses the simplified method for estimating the expected life of the option, by taking the average between time to vesting and the contract life of the award. Expected Volatility The Company estimates expected cumulative volatility giving consideration to the expected life of the option of the respective award, and the calculated annual volatility by using the continuously compounded return calculated by using the share closing prices of an equal number of days prior to the grant-date (reference period). The annual volatility is used to determine the (cumulative) volatility of its Common Stock (= annual volatility x square root (expected life)). Forfeiture rate The Company is using the aggregate forfeiture rate. The aggregate forfeiture rate is the ratio of pre-vesting forfeitures over the awards granted (pre-vesting forfeitures/grants). The forfeiture discount (additional loss) is released into the profit and loss in the same period as the option vesting-date. The forfeiture rate is actualized every reporting period. Risk-Free Interest Rate The Company estimates the risk-free interest rate using the “Daily Treasury Yield Curve Rates” from the U.S. Treasury Department with a term equal to the reported rate, or derived by using both spread in intermediate term and rates, to the expected life of the award. Expected Dividend Yield The Company estimates the expected dividend yield by giving consideration to our current dividend policies as well as those anticipated in the future considering our current plans and projections. The Company does not currently calculate a discount for any post-vesting restrictions to which our awards may be subject. Income Taxes Current tax is based on the income or loss from ordinary activities adjusted for items that are non-assessable or disallowable for income tax purpose and is calculated using tax rates that have been enacted or substantively enacted at the balance sheet date. Deferred tax assets are recognized for the expected future tax benefit to be derived from tax losses and tax credit carry-forwards. Establishment of a valuation allowance is provided when it is more likely than deferred taxes will not be realized. In the ordinary course of a global business, there are many transactions and calculations where the ultimate tax outcome is uncertain. Some of these uncertainties arise as a consequence of revenue sharing and reimbursement arrangements among related entities, the process of identifying items of revenue and expenses that qualify for preferential tax treatment and segregation of foreign and domestic income and expense to avoid double taxation. The Company files federal income tax returns in the US, various US state jurisdictions and various foreign jurisdictions. The Company's income tax returns are open to examination by federal, state and foreign tax authorities, generally for the years ended December 31, 2008 and later, with certain state jurisdictions open for audit for earlier years. The Company's policy is to record estimated interest and penalties on unrecognized tax benefits as part of its income tax provision. Comprehensive Income/ (Loss) Comprehensive income/ (loss) include all changes in equity during a period from non-owner sources. For the years ended December 31, 2014 and 2013, the Company's comprehensive income/ (loss) consisted of its net loss and foreign currency translation adjustments. Business Combinations The acquisition method of accounting for business combinations as per ASC 805, Business Combinations (“ASC 805”), requires us to use significant estimates and assumptions, including fair value estimates, as of the business combination date and to refine those estimates as necessary during the measurement period (defined as the period, not to exceed one year, in which the Company may adjust the provisional amounts recognized for a business combination). Under the acquisition method of accounting, the identifiable assets acquired, the liabilities assumed, and any non-controlling interests acquired in the acquisition are recognized as of the closing date for purposes of determining fair value. The Company measures goodwill as of the acquisition date as the excess of consideration transferred, over the net of the acquisition date fair value of the identifiable assets acquired and liabilities assumed. Costs that the Company incurs to complete the business combination such as investment banking, legal and other professional fees are not considered part of consideration and the Company charges them to general and administrative expense as they are incurred. During the measurement period, the Company adjusts the provisional amounts recognized at the acquisition date to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date. Measurement period adjustments are reflected retrospectively in all periods being presented in the financial statements. Goodwill The Company records goodwill when the fair value of consideration transferred in a business combination exceeds the fair value of the identifiable assets acquired and liabilities assumed. Goodwill and other intangible assets that have indefinite useful lives are not amortized, but the Company tests them for impairment annually during its fourth fiscal quarter and whenever an event or change in circumstances indicates that the carrying value of the asset is impaired. The authoritative

Allowance for Doubtful Accounts

Allowance for Doubtful Accounts	12 Months Ended
	Dec. 31, 2014
Allowance for Doubtful Accounts [Abstract]
Allowance for Doubtful Accounts	Note 3. Allowance for Doubtful Accounts Accounts receivable are presented on the balance sheet net of estimated uncollectible amounts. The Company records an allowance for estimated uncollectible accounts in an amount approximating anticipated losses. Individual uncollectible accounts are written off against the allowance when collection of the individual accounts appears doubtful. The Company recorded an allowance for doubtful accounts of $ 0 7,693 Changes in the allowance for doubtful accounts are as follows: Allowance for Balance Currency Total Allowance Additions- Release for Balance at Year ended December 31, 2014 $ 7,693 $ (2,105 ) $ 5,588 $ 31,540 $ (37,128 ) $ - Year ended December 31, 2013 $ 559,120 $ 8,313 $ 567,433 $ 22,005 (581,745 ) $ 7,693 Year ended December 31, 2012 $ 436,546 5,180 $ 441,726 $ 117,394 $ - $ 559,120

Prepaid Expenses and Other Curr

Prepaid Expenses and Other Current Assets	12 Months Ended
	Dec. 31, 2014
Prepaid Expenses and Other Current Assets [Abstract]
Prepaid Expenses and Other Current Assets	Note 4. Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets were recorded at $ 2,478,681 2,254,213 742,782 732,838

Other Assets

Other Assets	12 Months Ended
	Dec. 31, 2014
Other Assets [Abstract]
Other Assets	Note 5. Other Assets Other assets at December 31, 2014 and December 31, 2013 are long-term in nature, and consist of long-term deposits, deferred financing costs and loans to related parties amounting to $ 1,600,334 1,412,408 Long-term Deposit As of December 31, 2014, there was $ 653,002 771,193 Deferred Financing Costs During 2014, the Company accounted for financing costs of $ 710,094 10 682,878 477,673 Loans to Third Parties In 2013, the Company agreed to provide a loan to a third party at an interest rate of 5 50,000 264,454 160,518

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2014
Property and Equipment [Abstract]
Property and Equipment	Note 6. Property and Equipment Property and equipment at December 31, 2014 and December 31, 2013 consisted of: Average Useful December 31, December 31, Furniture and fixtures 5 $ 281,214 $ 314,686 Computer, communication and network equipment 3 10 23,904,494 24,287,111 Software 5 4,556,364 8,473,042 Automobiles 5 80,860 91,580 Construction in progress for internal use software 4,044,932 2,603,731 Total property and equipment 32,867,864 35,770,150 Less: accumulated depreciation and amortization (13,548,662 ) (15,984,028 ) Total property and equipment $ 19,319,202 $ 19,786,122 Computers, communications and network equipment includes the capitalization of our systems engineering and software programming activities. Typically, these investments pertain to the Company's: • Intelligent Network (IN) platform; • CRM provisioning Software; • Mediation, Rating & Pricing engine; • ValidSoft security software applications; • Operations and business support software; • Network management tools. Construction in progress (“CIP”) for internal use software consists of software projects in developments that have not been completed, and equipment acquired from third parties but not yet ready for service. 4,674,199 3,505,742 4,239,491 3,465,620 773,871 138,869 226,635 3,338,808 2,029,069 1,309,739 The decrease in the balance of accumulated depreciation amounting to $ 2,435,366

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2014
Intangible Assets [Abstract]
Intangible Assets	Note 7. Intangible Assets Intangible assets include customer contracts, telecommunication licenses and integrated, multi-country, centrally managed switch-based interconnects as well as ValidSoft Intellectual Property, including but not limited to software source codes, applications, customer list & pipeline, registration & licenses, patents and trademark/brands. Intangible assets as of December 31, 2014 and 2013 consisted of the following: Estimated December 31, December 31, Useful Lives 2014 2013 Customer Contracts, Licenses , Interconnect & Technology 5 10 $ 1,870,523 $ 13,005,460 ValidSoft IP & Technology 1 10 14,344,604 16,246,291 Total intangible assets 16,215,127 29,251,751 Less: Accumulated Amortization (1,165,856 ) (11,484,600 ) Less: Accumulated Amortization ValidSoft IP & Technology (9,973,063 ) (9,096,474 ) Total intangible assets, Net $ 5,076,208 $ 8,670,677 During the twelve months ended December 31, 2014, intangible assets and related accumulated amortization decreased by $ 13,036,625 9,442,156 Estimated future amortization expense related to our intangible assets is: 2015 2016 2017 2018 2019 2020 and Interconnect licenses and contracts $ 315,517 $ 240,094 $ 84,222 $ 64,834 $ - $ - ValidSoft IP & Technology 1,837,594 1,793,777 521,378 97,241 97,241 24,310 $ 2,153,111 $ 2,033,871 $ 605,600 $ 162,075 $ 97,241 $ 24,310

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2014
Goodwill [Abstract]
Goodwill	Note 8. Goodwill The carrying value of the Company's goodwill as of December 31, 2014 and as of December 31, 2013 was as follows: Goodwill December 31, 2014 December 31, 2013 Goodwill ValidSoft Ltd $ 2,964,423 $ 3,359,210 Goodwill Morodo Ltd. 197,440 223,615 Goodwill Telnicity 190,401 190,401 Total $ 3,352,264 $ 3,733,226 The decrease in the carrying value of goodwill related to ValidSoft and Morodo in 2014, compared to 2013, is because the goodwill is recorded in Euro entities, while our reporting currency is the US dollar. There has been a significant decline in the foreign exchange rate between the US dollar and the Euro during fiscal 2014. During the fourth quarter of 2014, the Company commenced its annual goodwill impairment test for 2014 and after considering qualitative factors including our market capitalization and the Company's 2015 outlook, management concluded that a two-step goodwill impairment test was not required. Goodwill represents the excess of cost over the fair value of assets. Goodwill is not amortized, but instead is evaluated for impairment using a discounted cash flow model and other measurements of fair value such as market comparable transactions. The authoritative guidance for the goodwill impairment model includes a two-step process. First, it requires a comparison of the book value of net assets to the fair value of the reporting unit that have goodwill assigned to them. If the fair value is determined to be less than the book value, a second step is performed to compute the amount of impairment. In the second step, a fair value for goodwill is estimated, based in part of the fair value of the reporting unit used in the first step, and is compared to its carrying value. The shortfall of the fair value below carrying value, if any, would represent the amount of goodwill impairment. The Company assesses goodwill for impairment during the fourth quarter of each year, or sooner should there be an indicator of impairment. The Company periodically analyzes whether any such indicators of impairment exists. Such indicators include a sustained, significant decline in the Company's stock price and market capitalization, a decline in the Company's expected future cash flows, a significant adverse change in legal factors or in the business climate, unanticipated competition, and/or slower growth rate, among others. After considering qualitative factors including the Company's market capitalization and the Company's previously announced outlook for 2014, it concluded that, for the third quarter of 2014, a goodwill impairment test was required. In performing the first step of the two-step goodwill impairment test, the Company determined that the fair value of the Company as a single reporting unit, measured by the Company's market capitalization, exceeded the carrying value by a significant amount indicating no impairment was necessary.

The acquisition of assets of Te

The acquisition of assets of Telnicity	12 Months Ended
	Dec. 31, 2014
The acquisition of assets of Telnicity [Abstract]
The acquisition of assets of Telnicity	Note 9. The acquisition of assets of Telnicity On April 1, 2013, the Company, through its subsidiary Elephant Talk North America Corp, entered into an asset purchase agreement to acquire most of the assets of Telnicity LLC, a company established in the U.S. The transaction was accounted for as a business combination. The assets provide access to the U.S. mobile telecommunications market through Telnicity's relationships with several major U.S.-based mobile telecommunication companies as well as its complementary technological mobile capabilities. On March 31, 2014, the Company completed the purchase price allocation of the acquisition. The net assets and operations were consolidated into the financial statements of the Company commencing April 1, 2013. The total purchase price for Telnicity was $ 1,180,000 1,000,000 989,599 190,401 Consideration paid Total Number of shares of Common Stock 1,000,000 Fair value of the share price at April 1, 2013 $ 1.18 Total Consideration Paid $ 1,180,000 Following the valuation of Telnicity, the Company allocated the above purchase price to the identifiable assets and liabilities. A summary of the assets acquired assumed for Telnicity are: Estimated fair values: Assets acquired $ 989,599 Liabilities assumed - Net assets acquired 989,599 Consideration paid 1,180,000 Goodwill $ 190,401

Accounts payable and Customer D

Accounts payable and Customer Deposits	12 Months Ended
	Dec. 31, 2014
Accrued Expenses [Abstract]
Accounts payable and Customer Deposits	Note 10. Accounts payable and Customer Deposits As of December 31, 2014 and December 31, 2013, the accounts payable and customer deposits are accrued expenses were comprised of the following: December 31, December 31, 2014 2013 Accounts payable $ 1,795,240 $ 2,538,479 Customer deposits 60,774 48,183 Total Accounts payable and Customer Deposits $ 1,856,014 $ 2,586,662 The customer deposits relate to Dutch MVNOs, who must provide a deposit as a guarantee. The deposit is returnable upon termination of the relationship.

Loans Payable

Loans Payable	12 Months Ended
	Dec. 31, 2014
Loans Payable [Abstract]
Loans Payable	Note 11. Loans Payable Loans payable at December 31, 2014 and 2013 are summarized as follows: December December 31, 2014 31, 2013 Installment loan payable due December 24, 2006 two $ 320,231 $ 320,358 Installment loan payable, monthly principal and interest payments of $ 2,798 1.5 8.25 December 24, 2011 three 254,594 254,696 Installment loan payable, monthly principal and interest payments of $ 1,729 1.5 8.25 June 28, 2009 three 103,855 103,897 Term loan payable, monthly payments of interest at bank's prime rate, 7.0 283,589 283,703 Total $ 962,269 $ 962,654 As of December 31, 2014 and 2013, the overdraft balance related to this loan amounted to $ 433,366 391,436 In 2004, Elephant Talk Ltd, a subsidiary of the Company, executed a credit facility with a bank in Hong Kong pursuant to which Elephant Talk Ltd. borrowed funds. The interest rate and default payment interest rate were charged at 2 6 In December 2009 Chong Hing Bank Limited, formerly known as Liu Chong Hing Bank Limited, a foreign banking services company based in Hong Kong (Bank), commenced a lawsuit in the California Orange County Superior Court called Chong Hing Bank Limited v. Elephant Talk Communications, Inc., Case No. 30-2009-00328467. The Bank alleged that it entered into various installment and term loan agreements and an overdraft account with ETL, a wholly-owned Hong Kong subsidiary of the Company. Various former officers and directors of ETL personally guaranteed the loans and overdraft account. The Bank alleged that ETL was in default on the loans and overdraft account, and that approximately $ 1,395,635 The Bank and the Company tried the case to the court without a jury between October, 5 and 12, 2011. The court found, among other things, that • The Company was not liable as a successor in interest or otherwise on the Bank loans and overdraft account to ETL; • The Company was not liable on the Bank's claims because the Bank filed its action after the applicable California 4-year statute of limitations had expired; and • The Company was not liable to the Bank under the alternative theories of negligent or intentional misrepresentation. The court entered judgment in favor of Elephant Talk Communications Corp. and against the Bank on December 14, 2011, and awarded the Company $ 5,925

Deferred Revenue

Deferred Revenue	12 Months Ended
	Dec. 31, 2014
Deferred Revenue [Abstract]
Deferred Revenue	Note 12. Deferred Revenue As a result of the Company's restatement described in Note 35 to the Financial Statements and in accordance with GAAP, revenue that had originally been recognized in 2013 is now being recognized ratably over an extended timeframe. The balance sheet reflects a significant increase in deferred revenue, which will be recognized in revenue over the service period of the contract, which management has estimated to be the greater of the expected life of the customer or the contract which for Iusacell 60 months (i.e. 5 years contract). Because the Company recognizes revenue upon performance of services, deferred revenue represents amounts received from the customers for which either delivery has not occurred or against future sales of services. As of December 31, 2014, the balance of short term deferred revenue was $ 8,813,385 2,434,257 11,247,642 271,767 2,364,389 2,636,156

Accrued expenses

Accrued expenses	12 Months Ended
	Dec. 31, 2014
Accrued Expenses [Abstract]
Accrued Expenses	Note 13. Accrued Expenses As of December 31, 2014 and December 31, 2013, the accrued expenses were comprised of the following: December 31, December 31, 2014 2013 Accrued Selling, General & Administrative expenses $ 1,863,020 $ 2,271,086 Accrued cost of service 291,553 547,111 Accrued taxes (including VAT) 570,616 255,577 Accrued interest payable 1,184,418 1,300,101 Other accrued expenses 152,045 587,428 Total accrued expenses $ 4,061,652 $ 4,961,303 Within accrued taxes is income taxes payable as of December 31, 2014 amounting to $ 8,029 Accrued Selling, General and Administrative expenses include social security premiums, personnel related costs such as payroll taxes, provision for holiday allowance, accruals for marketing& sales expenses, and office related expenses.

Conversion into Equity of the 2

Conversion into Equity of the 2013 10% Related Party Convertible Note	12 Months Ended
	Dec. 31, 2014
Convertible Note One [Member]
Debt Instrument [Line Items]
10% Convertible Note	Note 14. Conversion into Equity of the 2013 10% Related Party Convertible Note The following table shows the composition of the 2013 10% Related Party Convertible Note as shown in the Consolidated Balance Sheets: December 31, 10% Convertible Note (principal amount) € 2,000,000 Exchange rate December 31, 2013: EURO 0.7264 10% Convertible Note $ 2,753,304 Less: Debt Discount (Beneficial Conversion Feature) (728,332 ) Debt Discount (Extended Warrants) (849,453 ) Debt Discount (Warrants) (141,800 ) 10% Related Party Convertible Note (Net of Debt Discount of $ 1,719,585 $ 1,033,719 On July 15, 2014, the Company entered into a certain note conversion letter agreement (the “Conversion Agreement”) and a certain warrant amendment letter agreement (the “Warrant Amendment”) with Mr. Moncarey (a related party and Director of QAT Investments S.A. and QAT II Investments S.A., affiliates of the Company) to, among other things, • immediately convert the convertible note issued on August 17, 2013, due July 2, 2014 (the “Maturity Date”), pursuant to which the Company borrowed a principal amount of € 2,000,000 2,723,000 10 10 0.70 0.887 4,238,501 2,966,951 824,590 3,791,541 • amend the warrant issued in conjunction with the issuance of the 2013 10% Related Party Convertible Note (“the 2013 Related Party Warrant”) to reduce the exercise price of the 2013 10% Related Party Warrant to $ 0.70 • issue a warrant to Mr. Moncarey to purchase 500,000 The July Warrant is exercisable any time after January 15, 2015 at an exercise price of $ 0.9228 The Audit and Finance Committee of the Company's Board of Directors authorized the Transaction in order to immediately satisfy the Company's obligations under the 2013 10% Related Party Convertible Note. The Transaction was subsequently ratified by the Company's Board of Directors. The securities underlying the Warrant Amendment, July Warrant and the shares of Common Stock issuable upon conversion of the 2013 10% Related Party Convertible Note pursuant to the Conversion Agreement have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and were offered and sold only in Europe to an “accredited investor” (as defined in Rule 501(a) of the Securities Act) pursuant to an exemption from registration under Section 4(a)(2) of the Securities Act and Regulation D promulgated pursuant thereto. In connection with the reduction of the conversion price of note and warrants from $0.887 to $0.70 and the additional 500,000 1,162,322

The 2014 10% Term Loan Agreemen

The 2014 10% Term Loan Agreement	12 Months Ended
	Dec. 31, 2014
2014 10% Term Loan Agreement [Member]
Debt Instrument [Line Items]
2014 10% Term Loan Agreement	Note 15. The 2014 10% Term Loan Agreement The following table shows the composition of the 2014 10% 3 rd December 31, 2014 10% Term Loan (principal amount) $ 12,000,000 Less: Debt Discount – Original Issue Discount $ (365,231 ) Less: Debt Discount – Warrants (433,663 ) 2014 10% Term Loan (Net of Debt Discount) $ 11,201,106 On November 17, 2014, the Company and certain of its subsidiaries entered into a term loan credit agreement with Atalaya Administrative LLC, as the administrative agent and collateral agent, and the lenders party thereto (the “2014 10% Term Loan Agreement”). The 2014 10% Term Loan Agreement provides for a twelve LIBOR 10.00 2 12 The Original Issue Discount (‘OID”) in the contract amounted to $ 380,000 365,231 The 1,157,895 451,146 433,663 A portion of the proceeds of the Credit Agreement has been used to repay 50 rd 3,114,066 2,498,849 50 2,817,993 2,499,951 2,000,000 three 1,000,000 0.93 The securities underlying the Corbin Warrant have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and were offered and sold to an “accredited investor” (as defined in Rule 501(a) of the Securities Act) pursuant to an exemption from registration under Section 4(a)(2) of the Securities Act and Regulation D promulgated pursuant thereto.

10% 3rd Party Loan and Converti

10% 3rd Party Loan and Convertible Note	12 Months Ended
	Dec. 31, 2014
Convertible Note Two [Member]
Debt Instrument [Line Items]
10% Convertible Note	Note 16. 10% 3rd Party Loan and Convertible Note The following table shows the composition of the 10 rd December 31, 10 € 4,000,000 Exchange rate December 31, 2013: EURO 0.7264 10% Convertible Note $ 5,506,608 Less: Debt Discount (Warrants) (726,695) 10% 3rd Party Loan and Convertible Note (Net of Debt Discount) $ 4,779,913 On November 17, 2014, in connection with the 2014 10 third party investor The Conversion agreement consisted of: • repay 50 2,498,849.32 3,114,066 • convert the remaining 50% of the Convertible Note into 2,817,993 • issue a three 1,000,000 The 2014 Saffelberg Warrant is exercisable any time after May 17, 2015 at an exercise price of $ 0.93 The securities underlying the 2014 Saffelberg Warrant and the shares of Common Stock issued upon conversion of the Convertible Note pursuant to the Conversion Agreement have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and were offered and sold to an “accredited investor” (as defined in Rule 501(a) of the Securities Act) pursuant to an exemption from registration under Section 4(a)(2) of the Securities Act and Regulation D promulgated pursuant thereto. The August 28, 2013 a third party investor August 28, 2015 4,000,000 10 0.887 2,000,000 February 28, 2014 0.887 The securities underlying the Warrant and the shares of Common Stock issuable upon conversion of the Convertible Note have not been registered under the Securities Act, as amended, or any state security laws. The Company concluded that the Warrant, which is an embedded conversion feature, is not required to be separated, does not require liability classification and is considered an equity instrument. The Warrants is recognized at a relative fair value on the issue date of the Note as a debt discount which was amortized using the effective interest method from issuance to the maturity date of the Note. The Warrant was valued using the binomial model at $ 864,394 0 50 50

Conversion and Termination of t

Conversion and Termination of the May 24, 2013 Loan Agreement	12 Months Ended
	Dec. 31, 2014
Conversion and Termination of the May 24, 2013 Loan Agreement [Abstract]
Conversion and Termination of the May 24, 2013 Loan Agreement	Note 17. Conversion and Termination of the May 24, 2013 Loan Agreement On May 24, 2013, the Company entered into a certain loan agreement with a member of its board of directors pursuant to which the Company borrowed a principal amount of € 1,000,000 12 1,253,194 1.03 5 12 1.55 10 Following ASC 470-20 Debt – Debt with Conversion and Other Options guidance, the Company allocated the fair market value, using the binomial valuation method, of the detachable warrants between equity and debt and accounted for the debt component separately, with the debt discount offset against paid-in capital. The debt discount was amortized using the effective interest method during the life of the loan. On July 14, 2013, the Company entered into an amendment (the “Amendment”) to terminate the May 24, 2013 Loan Agreement and cancel the Warrant. In exchange for termination of the May 24, 2013 Loan Agreement and the cancellation of the May 24, 2013 Warrant, the Company entered into a Stock Purchase Agreement, dated July 15, 2013 (the “Purchase Agreement”) with the director pursuant to which the Company agreed to convert the principal amount of the loan into 1,840,631 1,306,848 0.71 Upon conversion and termination of the loan agreement the Company accelerated the debt discount amortization, which resulted in a loss on extinguishment of debt of $ 44,506

8% Senior Secured Convertible N

8% Senior Secured Convertible Note	12 Months Ended
	Dec. 31, 2014
8% Senior Secured Convertible Note [Abstract]
8% Senior Secured Convertible Note	Note 18. 8% Senior Secured Convertible Note On June 11, 2013, Elephant Talk Communications Corp. entered into a purchase agreement (together, the “2013 Purchase Agreements”) with each holder of the Company's Senior Secured Convertible Notes issued on March 29, 2012 pursuant to which the Company purchased the Convertible Notes at the purchase price equal to 110 6,701,824 The Purchase Agreement with the note holders resulted in the regular and accelerated amortization expenses during the second quarter of $ 349,639 1,179,732 311,048 451,779 10 607,539 1,960,594

Registered Direct Offering and

Registered Direct Offering and Warrant Liabilities	12 Months Ended
	Dec. 31, 2014
Registered Direct Offering and Warrant Liabilities [Abstract]
Registered Direct Offering and Warrant Liabilities	Note 19. Registered Direct Offering and Warrant Liabilities In June 11, 2013, the “Company” entered into an Amendment No. 1 (the “Amendment to SPA”) to certain Securities Purchase Agreement (the “SPA”) dated June 3, 2013 with certain institutional and other investors (“DJ Investors”) placed by Dawson James Securities Inc. (the “Placement Agent”) and Mr. Steven van der Velden, the Chief Executive Officer and Chairman of the Board (“Affiliated Investors”), relating to a registered direct public offering by the Company (the “Offering”). The gross proceeds of this SPA were $ 12,000,000 11,292,500 707,500 The number of shares issued relating to this SPA amounted to 17,425,621 7,841,537 75,000,000 2,892,857 2,087,992 The SPA included the issuance of 7,841,537 investor warrants (“investor warrants”) and 183,284 five 0.887 0.853 In the event that among other things, the registration statement relating to the shares of Common Stock is not effective, a holder of RD Warrants will also have the right, in its sole discretion, to exercise its RD Warrants for a net number of RD Warrant Shares pursuant to the cashless exercise procedures specified in the RD Warrants. The RD Warrants may be exercised in whole or in part, and any portion of a RD Warrant not exercised prior to the termination date shall be and become void and of no value. The absence of an effective registration statement or applicable exemption from registration does not alleviate the Company's obligation to deliver Common Stock issuable upon exercise of a RD Warrant. Each RD Warrant also allows the holder the ability, at any time after 90 Under certain circumstances after 90 days from the issuance of the RD Warrant, in the event that the Common Stock trades at a price that is 20 twenty 350,000 5,131,965 4,102,792 If, at any time a RD Warrant is outstanding, the Company consummates any fundamental transaction, as described in the RD Warrants and generally including any consolidation or merger into another corporation, or the sale of all or substantially all of our assets, or other transaction in which the Common Stock is converted into or exchanged for other securities or other consideration, the holder of any RD Warrants will thereafter receive the securities or other consideration to which a holder of the number of shares of Common Stock then deliverable upon the exercise or exchange of such RD Warrants would have been entitled upon such consolidation or merger or other transaction. The exercisability or exchangeability of the RD Warrants may be limited in certain circumstances if, after giving effect to such exercise or exchange, the holder or any of its affiliates would beneficially own (as determined pursuant to Section 13(d) of the Securities Act, as amended, and the rules and regulations promulgated thereunder) more than 9.9% of the Common Stock issued and outstanding. According to ASC 480-10 Distinguishing Liabilities from Equity, the accounting for an equity instrument with detachable warrants classified as a liability reflects the notion that the consideration received upon issuance must be allocated between the instruments issued. Proceeds from the issuance of an equity instrument with stock purchase warrants are allocated to the two elements based on the following: (i) the liability element has initially been recorded at fair market value; and (ii) the remaining portion of the consideration has been allocated to the equity element. The liability instrument will be re-evaluated at each reporting period with changes in the fair value recognized through the applicable period Consolidated Statement of Comprehensive Loss.

Obligations under Capital Lease

Obligations under Capital Leases	12 Months Ended
	Dec. 31, 2014
Obligations under Capital Leases [Abstract]
Obligations under Capital Leases	Note 20. Obligations under Capital Leases The Company has a number of financing arrangements with its vendors to acquire equipment and licenses. These trade arrangements contain maturity periods ranging from two three 8.65 1.5 The following is an analysis of the property & equipment acquired under capital leases, recorded in the Property & Equipment line item by major classes: December December 31, 2014 31, 2013 Network equipment $ 1,449,343 $ 1,642,759 Software licenses 1,611,507 874,174 Other 134,326 103,249 Total 3,195,176 2,620,182 Less: accumulated depreciation and amortization (527,841 ) (101,209 ) Total $ 2,667,335 $ 2,518,973 The current portion of the Capital Leases of $ 1,831,050 272,460

Other long term payable

Other long term payable	12 Months Ended
	Dec. 31, 2014
Other long term payable [Abstract]
Other long term payable	Note 21. Other long term payable Other long term payable is summarized as follows: December 31, 2014 Arrangement with creditor (principal amount) € 366,313 Exchange rate December 31, 2014: EURO 0.8227 Arrangement with creditor $ 445,257 Less: Short-term portion (recorded in Accrued expenses) (90,377 ) Total $ 354,880 This amount was recorded as an accrued expense until September 30, 2014. During the fourth quarter of 2014, the Company reached an agreement with regulatory authorities regarding a debt for telecom license fees from 2013. A total amount of € 366,313 ($445,257 as of December 31, 2014), which includes fines for late payment and interest, will be paid in 72

Loan from Joint Venture Partner

Loan from Joint Venture Partner	12 Months Ended
	Dec. 31, 2014
Loan from Joint Venture Partner [Abstract]
Loan from Joint Venture Partner	Note 22. Loan from Joint Venture Partner The Company, through its subsidiary ET-UTS N.V, entered into a 51 724,264 402,424 8 49 Management decided to discontinue and liquidate the joint venture with UTS NV and the loan and accrued interest have been forgiven. Therefore the Company recognized a gain in extinguishment of debt in the amount of $ 626,534 0

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2014
Fair Value Measurements [Abstract]
Fair Value Measurements	Note 23. Fair Value Measurements The following tables summarize fair value measurements by level at December 31, 2014 for financial assets and liabilities measured at fair value on a recurring basis: December 31, 2014 Level 1 Level 2 Level 3 Total Derivative Liabilities Conversion feature $ - $ - $ - $ - Warrant Liabilities - - 2,087,992 2,087,992 Total Derivatives Liabilities $ - $ - $ 2,087,992 $ 2,087,992 The Company uses the Monte Carlo valuation model to determine the value of the remaining outstanding warrants from the Registered Direct Offering of June 2013, discussed in Note 19 under the title “Registered Direct Offering and Warrant Liabilities”. Since this model requires special software and expertise to model the assumptions to be used, the Company hired a third party valuation expert. The following table summarizes fair value measurements by level at December 31, 2013 for financial assets and liabilities measured at fair value on a recurring basis: December 31, 2013 Level 1 Level 2 Level 3 Total Derivative Liabilities Conversion feature $ - $ - $ - $ - Warrant Liabilities - - 1,973,534 1,973,534 Total Derivatives Liabilities $ - $ - $ 1,973,534 $ 1,973,534 The Company has classified the outstanding warrants into level 3 due to the fact that some inputs are not published and not easily comparable to industry peers. The Company determines the “Fair Market Value” using a Monte Carlo model by using the following assumptions: Number of outstanding warrants The number of outstanding exercise rights is adjusted every re-measurement date after deducting the number of exercised rights during the previous reporting period. Stock price at valuation date The closing stock price at re-measurement date being the last available closing price of the reporting period taken from www.nasdaq.com. Exercise Price The exercise price is fixed and determined in the warrant agreement. Remaining Term The remaining term is calculated by using the contractual expiration date of the warrant agreement at the moment of re-measurement. The remaining term for a warrant exercise using the exchange condition is fixed in the warrant agreement at five Expected Volatility We estimate expected cumulative volatility giving consideration to the expected life of the note and calculated the annual volatility by using the continuously compounded return calculated by using the share closing prices of an equal number of days prior to the maturity date of the note (reference period). The annual volatility is used to determine the (cumulative) volatility of our common stock (= annual volatility x SQRT (expected life)). The volatility for a warrant exercise using the exchange condition is fixed at 135 Risk-Free Interest Rate We estimate the risk-free interest rate using the “Daily Treasury Yield Curve Rates” from the U.S. Treasury Department with a term equal to the reported rate, or derived by using both spread in intermediate term and rates, up to the maturity date of the note. Expected Dividend Yield We estimate the expected dividend yield by giving consideration to our current dividend policies as well as those anticipated in the future considering our current plans and projections.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2014
Stockholders' Equity [Abstract]
Stockholders' Equity	Note 24. Stockholders' Equity (A) Common Stock The Company is presently authorized to issue 250,000,000 154,671,258 14,204,457 5,782,700 4,238,501 2,817,993 621,638 443,625 300,000 Reconciliation with Stock Transfer Agent Records: The shares issued and outstanding as of December 31, 2014 according to the stock transfer agent's records are 154,917,158 154,671,258 245,900 233,900 12,000 (B) Preferred Stock The Company's Certificate of Incorporation (“Articles”) authorizes the issuance of 50,000,000 0.00001 During 2014 and 2013, the Company did not issue any shares of Preferred Stock, and 0 (C) Warrants Throughout the years, the Company has issued warrants with varying terms and conditions related to multiple funding rounds, acquisitions and other transactions. The warrants outstanding at December 31, 2014 have been recorded and classified as equity, except for 2,892,857 2,087,992 1.20 On November 17, 2014, pursuant to the terms of the Credit Agreement, the Company issued a warrant to Corbin Mezzanine Fund I, L.P., a Lender (the “Corbin Warrant”), to purchase 1,157,895 0.00001 0.95 The below table summarizes the warrants outstanding as per the below reporting Outstanding Exercise/ Expiring ` 2014 2013 2012 Warrants – Acquisitions $ 0.63 2.25 2013 - - 3,437,953 Warrants - Fundraising $ 0.70 2.00 2013-2018 29,610,206 37,229,230 46,322,101 Warrants - Other $2.21 2016 18,659 18,659 18,659 29,628,865 37,247,889 49,778,713

Non-controlling Interest

Non-controlling Interest	12 Months Ended
	Dec. 31, 2014
Non-controlling Interest [Abstract]
Non-controlling Interest	Note 25. Non-controlling Interest The Company had non-controlling interests in several of its subsidiaries. The balance of the non-controlling interests as of December 31, 2014 and December 31, 2013 were as follows: Non-controlling interest Subsidiary Non-controlling December December ETC PRS UK 49 % $ 9,321 $ 9,894 ETC PRS Netherlands 49 % - 134,912 Total $ 9,321 $ 144,806 Net losses attributable to non-controlling interests were insignificant for all the years presented.

Basic and diluted net loss per

Basic and diluted net loss per share	12 Months Ended
	Dec. 31, 2014
Basic and diluted net loss per share [Abstract]
Basic and diluted net loss per share	Note 26. Basic and diluted net loss per share Net loss per share is calculated in accordance with ASC 260, Earnings per Share (“ASC 260”). Basic net loss per share is based upon the weighted average number of common shares outstanding. Dilution is computed by applying the treasury stock method. Under this method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later), and as if funds obtained thereby were used to purchase Common Stock at the average market price during the period. The Company uses the ‘if converted' method for its senior secured convertible notes. Weighted average number of shares used to compute basic and diluted loss per share is the same since the effect of dilutive securities is anti-dilutive. The diluted share base for fiscal 2014, 2013 and 2012 excludes incremental shares related to convertible debt, warrants to purchase Common Stock and employee stock options as follows: Dilutive Securities 2014 2013 2012 Convertible Notes - 9,635,838 2,957,855 Warrants 29,628,865 37,247,889 49,778,713 Employee Stock Options 40,056,080 34,479,773 12,181,130 69,684,945 81,363,500 64,917,698 These shares were excluded due to their anti-dilutive effect on the loss per share recorded in each of the years presented. No additional securities were outstanding that could potentially dilute basic earnings per share.

2006 Non-Qualified Stock and Op

2006 Non-Qualified Stock and Option Compensation Plan and 2008 Long Term Incentive Compensation Plan	12 Months Ended
	Dec. 31, 2014
2006 Non-Qualified Stock and Option Compensation Plan and 2008 Long Term Incentive Compensation Plan [Abstract]
2006 Non-Qualified Stock and Option Compensation Plan and 2008 Long Term Incentive Compensation Plan	Note 27. 2006 Non-Qualified Stock and Option Compensation Plan and 2008 Long Term Incentive Compensation Plan 2006 Non-Qualified Stock and Option Compensation Plan The Company has a 2006 Non-Qualified Stock and Option Compensation Plan (the “2006 Plan”). Under the 2006 Plan, there are no stock options outstanding as of December 31, 2014; all remaining outstanding options expired in December 2013. There are 89,490 13,960 These non-cash compensation shares are accounted for and valued using the share price and number of shares issued at issuance date, and they vest immediately when issued. 2008 Long-Term Incentive Compensation Plan In 2008, the Company adopted the 2008 Plan. The 2008 Plan initially authorized total awards of up to 5,000,000 shares of Common Stock, in the form of incentive and non-qualified stock options, stock appreciation rights, performance units, restricted stock awards and performance bonuses. The amount of Common Stock underlying the awards to be granted remained the same after the 25 to one reverse stock-split that was effectuated on June 11, 2008. In 2011, the stockholders approved an increase in the shares available under the 2008 Plan from 5,000,000 to 23,000,000 shares of Common Stock. As of December 31, 2013, 34,479,773 8,247,057 In 2013, the Company's stockholders approved the amendment and restatement of the 2008 Plan, which increased the number of authorized shares by 23,000,000 shares of Common Stock. In 2014, the Company's stockholders approved another amendment and restatement of the 2008 Plan, which increased the number of authorized shares by 10,000,000 shares. During 2014, 429,665 shares were issued under the 2008 Plan as non-cash compensation granted to management and board members for services during the first, second and third quarter of 2014. Reconciliation of registered and available shares and/or options as of December 31, 2014: Full Year 2014 Total Registered 2008 - 5,000,000 Registered 2011 - 18,000,000 Approved increase 2013 - 23,000,000 Approved increase 2014 - 10,000,000 Total Registered under this plan 56,000,000 Shares (issued to): Consultants - 325,000 Directors and Officers 429,665 1,626,031 Options exercised 621,638 2,373,442 Options (movements): Issued and Outstanding 40,056,080 Available for grant at December 31, 2014: 11,619,447 Shares issued to Directors and officers amount to 443,625 Common Stock purchase options consisted of the following as of the years ended December 31, 2014, 2013 and 2012: Options: Number of Weighted Initial Fair Outstanding as of December 31, 2011 7,727,099 $ 2.03 $ 10,803,654 Granted in 2012 6,205,354 $ 2.24 $ 6,803,965 Exercised (with delivery of shares) (431,972 ) $ 1.00 $ (403,382 ) Forfeitures (Pre-vesting) (990,821 ) $ 2.29 $ (1,327,277 ) Expirations (Post-vesting) (296,251 ) $ 2.23 $ (417,475 ) Exchanged for Cashless exercise (32,279 ) $ 1.66 $ (40,814 ) Outstanding as of December 31, 2012 12,181,130 $ 2.15 $ 15,418,671 Granted in 2013 24,496,741 $ 1.12 $ 14,107,008 Exercised (with delivery of shares) (809,737 ) $ 0.66 $ (270,682 ) Forfeitures (Pre-vesting) (805,266 ) $ 1.00 $ (807,662 ) Expirations (Post-vesting) (556,524 ) $ 1.92 $ (648,529 ) Exchanged for Cashless exercise (26,571 ) $ 0.60 $ (13,834 ) Outstanding as of December 31, 2013 34,479,773 $ 1.47 $ 27,784,972 Granted in 2014 8,251,685 $ 1.21 $ 5,187,826 Exercised (with delivery of shares) (621,638 ) $ 0.75 $ (195,803 ) Forfeitures (Pre-vesting) (975,649 ) $ 1.54 $ (872,761 ) Expirations (Post-vesting) (1,078,091 ) $ 1.94 $ (1,166,981 ) Exchanged for Cashless exercise - $ NA $ - Outstanding as of December 31, 2014 40,056,080 $ 1.39 $ 30,728,253 In 2014, options awarded had a weighted average exercise price of $1.21. The grant date fair market value of the options, in the aggregate, was $5,178,826. The weighted average assumptions used for the options granted in 2014 using the Black-Scholes options model are: expected cumulative volatility of 150% based on calculated annual volatility of 86%, contractual life of 4.3 years, expected option life of 3.3 years (using the simplified method) and a Risk Free Interest Rate of 1.5%. The expected dividend yield is zero. Following is a summary of the status and assumptions used of options outstanding as of the years ended December 31, 2014, 2013 and 2012: 2014 2013 2012 Grants During the year 8,251,685 24,496,741 6,205,354 Weighted Average Annual Volatility 86 % 89 % 81 % Weighted Average Cumulative Volatility 150 % 192 % 134 % Weighted Average Contractual Life of grants (Years) 4.33 5.11 3.84 Weighted Average Expected Life of grants (Years) 3.28 4.73 2.69 Weighted Average Risk Free Interest Rate 0.9332 % 1.5017 % 0.4553 % Dividend yield 0.0000 % 0.0000 % 0.0000 % Weighted Average Fair Value at grant-date $ 0.66 $ 0.58 $ 1.10 Options Outstanding Total Options Outstanding 40,056,080 34,479,773 12,181,130 Weighted Average Remaining Contractual Life (Years) 3.71 4.68 5.34 Weighted Average Remaining Expected Life (Years) 3.01 4.91 5.02 Weighted Average Exercise Price $ 1.39 $ 1.47 $ 1.73 Aggregate Intrinsic Value (all options) $ (23,046,653 ) $ (8,189,063 ) $ (13,972,731 ) Aggregate Intrinsic Value (only in-the-money options) $ 1,342,659 $ 6,312,036 $ 100,611 Options Exercisable Total Options Exercisable 22,856,509 18,180,371 4,358,510 Weighted Average Exercise Price $ 1.58 $ 1.62 $ 1.96 Weighted Average Remaining Contractual Life (Years) 2.74 3.79 5.97 Aggregate Intrinsic Value (all options) $ (17,120,707 ) $ (7,126,025 ) $ (4,178,337 ) Aggregate Intrinsic Value (only in-the-money options) $ 581,485 $ 3,091,811 $ 100,465 Unvested Options Total Unvested Options 17,199,571 16,299,402 7,847,207 Weighted Average Exercise Price $ 1.18 $ 1.21 $ 2.25 Forfeiture rate used for this period ending 11.764 % 11.074 % 10.673 % Options expected to vest Number of options expected to vest corrected by forfeiture 16,446,707 15,553,067 7,009,645 Unrecognized share-based compensation expense $ 9,655,125 $ 8,787,636 $ 3,014,397 Weighted Average remaining contract life (Years) 5.12 5.68 4.99 Exercises Total shares delivered/issued 621,638 809,737 431,972 Weighted Average Exercise Price $ 0.75 $ 0.66 $ 1.00 Intrinsic Value of Options Exercised $ 288,144 $ 306,883 $ 177,547 At December 31, 2014 the unrecognized expense portion of share-based awards granted to employees under the 2008 Plan was approximately $9,655,125, under the provisions of ASC 718. The future expensing takes place proportionally to the vesting associated with each stock-award, adjusted for cancellations, forfeitures and returns. The forfeiture rate was adjusted from 11.74% as per closing December 2013 to 11.8% as per closing December 2014 and the corresponding profit and loss effect has been accounted for in 2014. Share-Based Compensation Expense The Company recorded for the twelve months ended December 31, 2014, $ 3,888,275 3,744,437 143,838 8,515,391 8,439,391 76,000 300,000 271,350 67,838 The Company recorded for the twelve months ending December 31, 2012, $ 6,302,141 Share-based Compensation Expense 2014 2013 2012 Consultancy services $ 143,838 $ 76,000 $ - Directors and officers (shares and options) 315,830 4,510,240 1,141,812 Employee (options) 3,428,607 3,929,151 5,160,329 $ 3,888,275 $ 8,515,391 $ 6,302,141

Income taxes

Income taxes	12 Months Ended
	Dec. 31, 2014
Income taxes [Abstract]
Income taxes	Note 28. Income taxes For financial statement purposes, loss before the income tax provision is divided amongst the following; 2014 2013 2012 Domestic $ (9,725,694 ) $ (14,549,839 ) $ (6,574,394 ) Foreign (11,919,292 ) (11,157,534 ) (16,268,406 ) Total loss before income tax provision $ (21,644,986 ) $ (25,707,373 ) $ (22,842,800 ) The Company files income tax returns in the US federal jurisdiction and various state and foreign jurisdictions. The applicable statutory tax rates vary between none (zero) and 34%. However, because the Company and its subsidiaries have incurred annual corporate income tax losses since their inception, management has determined that it is more likely than not that the Company will not realize the benefits of its US and foreign net deferred tax assets. Therefore, the Company has recorded a full valuation allowance to reduce the net carrying amount of the deferred taxes to zero. The Company's 2014 provision for income taxes relates to current foreign income tax amounting to $ 216,931 In the ordinary course of business the Company is subject to tax examinations in the jurisdictions in which it files tax returns. The Company's statute of limitations for tax examinations is four years for federal and state purposes and four to six years in the major foreign jurisdictions in which the company files. Income tax benefit/(expense) for each year is summarized as follows: December December December 31, 2014 31, 2013 31, 2012 Current: Federal $ - $ - $ - State - - - Foreign (216,931 ) 200,301 (289,136 ) (216,931 ) 200,301 (289,136 ) Deferred: Federal - - - State - - - Foreign - - - Income tax (benefit)/expense $ (216,931 ) $ 200,301 $ 289,136 The following is a reconciliation of the provision for income taxes at the US federal statutory rate ( 34 December December December 31, 2014 31, 2013 31, 2012 Tax expense (credit) at statutory rate-federal 34 % 34 % 34 % State tax expense net of federal tax - - - Foreign income tax rate difference (7 )% (10.1 )% (8.4 )% Change in valuation allowance (25.5 )% (24.3 )% (25.6 )% Other 0 % 1.2 % 1.3 % Income tax (benefit)/expense $ 1.5 % 0.8 % 1.3 % The tax effects of temporary differences that gave rise to significant portions of deferred tax assets and liabilities at December 31, are as follows: 2014 2013 Deferred tax assets: Net Operating Losses $ 39,804,723 $ 35,701,315 Total gross deferred tax assets 39,804,723 35,701,315 Less: valuation allowance (39,804,723 ) (35,701,315 ) Net deferred tax assets $ - $ - As of December 31, 2014 and 2013, the Company had significant net operating losses carryforwards. The deferred tax assets have been offset by a full valuation allowance in 2014 and 2013 due to the uncertainty of realizing any tax benefit for such losses. Releases of the valuation allowances, if any, will be recognized through earnings. As of December 31, 2014 and 2013, the Company had net federal and state operating loss carryforwards of approximately $ 40 36 141 Section 382 of the Internal Revenue Code limits the use of net operating loss and tax credit carry forwards in certain situations where changes occur in the stock ownership of a company. In the event the Company has a change in ownership, utilization of the carry forward could be restricted. The Company files income tax returns in the US federal jurisdiction and various state and foreign jurisdictions. Due to the net operating loss, all the tax years are open for tax examination. As of December 31, 2014 and 2013, the Company accrued an ASC 740-10 tax reserve of $ 0 0 The Company does not currently anticipate recording any amount for unrecognized tax benefits within the next 12 months. The following table summarizes the 2012 and 2013 activity related to the unrecognized tax benefits and related tax carry forward: Balance at December 31, 2012 $ 289,136 Increases related to prior year tax positions - Decreases related to prior year tax positions (289,136 ) Balance at December 31, 2013 - Increases related to prior year tax positions - Decreases related to prior year tax positions - Increases related to current year tax positions - Balance at December 31, 2014 $ -

Contingencies

Contingencies	12 Months Ended
	Dec. 31, 2014
Contingencies [Abstract]
Contingencies	Note 29. Contingencies Rescission of the Purchase Agreement of March 31, 2004 of New Times Navigation Limited. As previously described in the Company´s 2004 Annual Report on Form 10-K filed with the SEC on April 1, 2005, on May 24, 2004, the Company issued 5,100,000 683,400 90,100 204,000 shares of its Common Stock that were issued under the 2004 Purchase Transaction. In addition, the Company had issued 37 unsecured convertible promissory notes for a total amount of 3,600,000 as part of the 2004 Purchase Transaction. At the Company´s request, 21 of the unsecured convertible promissory notes were returned to the Company for a total value of 2,040,000 113,900 common shares 381,565 and the remaining 18 unsecured convertible promissory notes, representing a total amount of 1,740,000 Other. The Company is involved in various claims and lawsuits incidental to our business. In the opinion of management, the ultimate resolution of such claims and lawsuits will not have a material effect on our financial position, liquidity, or results of operations.

Geographic Information

Geographic Information	12 Months Ended
	Dec. 31, 2014
Geographic Information [Abstract]
Geographic Information	Note 30. Geographic Information Twelve months ended December 31, 2014 Europe Other foreign Total Revenues from unaffiliated customers $ 13,490,366 $ 6,866,081 $ 20,356,447 Identifiable assets $ 36,867,194 $ 8,053,801 $ 44,920,998 Twelve months ended December 31, 2013 Europe Other foreign Total Revenues from unaffiliated customers (restated) $ 15,933,666 $ 3,518,138 $ 19,451,804 Identifiable assets $ 31,948,966 $ 10,486,442 $ 42,435,408 Twelve months ended December 31, 2012 Europe Other foreign countries Total Revenues from unaffiliated customers $ 29,053,151 $ 149,037 $ 29,202,188 Identifiable assets $ 35,682,490 $ 1,793,051 $ 37,475,541

Concentrations

Concentrations	12 Months Ended
	Dec. 31, 2014
Concentrations [Abstract]
Concentrations	Note 31. Concentrations Financial instruments that potentially subject us to concentrations of credit risk consist of accounts receivable and unbilled receivables. Those customers that comprised 10% or more of our revenue, accounts receivable and unbilled receivables are summarized as follows: For the year ended December 31, 2014, the Company had two customers that accounted for 50 25 50 9

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2014
Related Party Transactions [Abstract]
Related Party Transactions	Note 32. Related Party Transactions On March 17, 2014, a warrant holder affiliated with the Company exercised certain of its warrants to purchase an aggregate of 5,332,383 0.70 3.7 1.00 On May 29, 2014, the Board appointed Yves van Sante to fill the vacancy created by the resignation of Mr. Dejager, effective as of June 1, 2014. Mr. van Sante is expected to stand for election with the other directors at the Company's 2015 annual meeting. Mr. van Sante previously served as a director of the Company from October 2006 to July 2011. From July 2011 to May 2014, Mr. van Sante served as a Board observer of the Company. In 2013, Mr. van Sante was entitled to receive $ 80,000 On July 15, 2014, the Company entered into a Note Conversion Letter Agreement (the “Conversion Agreement”) and a Warrant Amendment Letter Agreement (the “Warrant Amendment”) with Moncarey to, among other things, • immediately convert the Convertible Note into a number of shares of Common Stock equal to the quotient of the Outstanding Balance by a reduced Conversion Price of $ 0.70 4,238,501 • amend the Moncarey Warrant to reduce the Exercise Price to $ 0.70 • issue a warrant to Moncarey to purchase 500,000 The July Warrant is exercisable any time after January 15, 2015 at an exercise price of $ 0.9228 The Audit and Finance Committee of the Company's Board of Directors authorized the Transaction in order to immediately satisfy the Company's obligations under the Convertible Note. The Transaction was subsequently ratified by the Company's Board of Directors. The securities underlying the Warrant Amendment, July Warrant and the shares of Common Stock issuable upon conversion of the Convertible Note pursuant to the Conversion Agreement have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws, and were offered and sold only in Europe to an “accredited investor” (as defined in Rule 501(a) of the Securities Act) pursuant to an exemption from registration under Section 4(a)(2) of the Securities Act and Regulation D promulgated pursuant thereto.

Selected Quarterly Financial Da

Selected Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2014
Selected Quarterly Financial Data (Unaudited) [Abstract]
Selected Quarterly Financial Data (Unaudited)	Note 33: Selected Quarterly Financial Data (Unaudited) Selected quarterly financial data (unaudited) is as follows: Q1 2014 Q2 2014 Q3 2014 Q4 2014 (Restated and reclassified) (Restated and reclassified) (Restated and reclassified) REVENUES * $ 5,384,265 $ 5,072,440 $ 4,445,239 $ 5,454,503 COST AND OPERATING EXPENSES Cost of service (exclusive of depreciation and amortization shown separately below)** 1,635,972 1,848,687 1,565,054 1,638,961 Product development** 1,711,817 2,280,532 1,707,102 1,529,212 Sales and marketing** 563,835 664,807 555,519 609,515 General and administrative** 3,047,947 3,467,339 3,248,243 2,839,072 Depreciation and amortization of intangibles assets 2,008,214 1,928,392 1,900,251 2,383,362 Total cost and operating expenses 8,967,785 10,189,757 8,976,169 9,000,122 LOSS FROM OPERATIONS * (3,583,520 ) (5,117,317 ) (4,530,930 ) (3,545,619 ) OTHER INCOME (EXPENSE) (1,502,748 ) (1,335,095 ) (760,695 ) (1,269,062 ) NET LOSS * (5,221,705 ) (6,450,203 ) (5,246,687 ) (4,943,322 ) ACCOUNTS RECEIVABLE* 5,033,667 6,924,756 5,847,424 8,877,213 TOTAL ASSETS* 44,276,339 43,429,393 39,701,730 44,920,998 DEFERRED REVENUE* 3,446,294 5,175,014 8,384,555 11,247,642 STOCKHOLDERS EQUITY* 19,807,174 15,168,384 13,060,787 10,612,567 * items restated ** items reclassified Q1 2013 Q2 2013 Q3 2013 Q4 2013 (Restated and reclassified) (Restated and reclassified) (Restated and reclassified) (Restated and reclassified) REVENUES * $ 6,240,114 $ 3,564,249 $ 4,123,794 $ 5,523,647 COST AND OPERATING EXPENSES Cost of service (exclusive of depreciation and amortization shown separately below)** 3,960,803 2,144,899 1,548,576 1,735,019 Product development** 1,349,623 1,819,480 1,354,105 1,568,276 Sales and marketing** 722,952 882,418 623,644 910,002 General and administrative** 3,422,873 4,091,492 2,996,718 4,551,557 Depreciation and amortization of intangibles assets 1,319,988 1,836,231 1,543,687 1,901,340 Total cost and operating expenses 10,776,239 10,774,520 8,066,730 10,666,194 LOSS FROM OPERATIONS * (4,536,125 ) (7,210,271 ) (3,942,936 ) (5,142,547 ) OTHER INCOME (EXPENSE) (958,183 ) (1,912,186 ) (322,345 ) (1,682,781 ) NET LOSS * (5,494,308 ) (9,122,457 ) (4,306,781 ) (6,583,527 ) ACCOUNTS RECEIVABLE* 4,502,499 2,865,751 3,194,819 5,094,847 TOTAL ASSETS* 34,479,340 39,557,150 45,474,367 42,435,408 DEFERRED REVENUE* 637,922 1,726,136 2,317,364 2,636,156 STOCKHOLDERS EQUITY* 15,827,867 17,407,605 21,046,942 20,359,617 * items restated ** items reclassified

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
Subsequent Events	Note 34. Subsequent Events On March 5, 2015 the Company filed an 8-K regarding discussions with regard to the five-year agreement between the Company and , S.A. (“Iusacell”) dated September 10, 2013 (the “Iusacell Agreement”). On March 18, 2015, the Company received a settlement proposal from Iusacell/AT&T in exchange for a certain amount of cash payment, consisting of outstanding payables and some additional compensation and the termination of the Iusacell Agreement. Management believes the proposal is due to the acquisition of Iusacell by AT&T, which wants to make use of their customary system solutions. Presently management is evaluating the settlement proposal of Iusacell/AT&T, including the assessment of impact on future revenues. Considering the size of Iusacell to our overall revenues, the termination of this contract will have a substantial impact on our revenues and results from operations. On March 26, 2015, the Company received a letter from Atalaya Capital Management LP (the “Agent”), the agent for Corbin Mezzanine Fund I, L. P. (the “Lender”) referencing that certain Credit Agreement by and among the Company, the Lender and the Agent dated November 17, 2014. The letter indicated that as a result of the termination of the Iusacell Agreement, certain events of default as defined in the Credit Agreement have occurred. The Agent notified the Company that effective March 18, 2015 and for so long as an event of default shall be continuing, interest shall accrue and be payable by the Company in cash at the default rate as defined in the Credit Agreement. The Agent and the Lender indicated in the letter that they will continue to monitor the default situation and reserve all their respective rights and remedies under the Credit Agreement. As a result of the above the Company is in discussions with Atalaya to discuss the AT&T/Iusacell settlement – including payment of the receivables - together with the re-organization plan the Company has initiated in order ensure that sufficient funds will be available for the Company to continue to carry out is business plans. The company estimates to conclude on this in the near future. For further details on impact on revenues, operational results and liquidity see Note 2 (Financial Condition).

Restatement of previously issue

Restatement of previously issued financial statements and financial information	12 Months Ended
	Dec. 31, 2014
Restatement of previously issued financial statements and financial information [Abstract]
Restatement of previously issued financial statements and financial information	Note 35 Background on the Restatement The Company underwent a transition process starting in 2012 2014 On March 31, 2015, the Audit Committee of the Board of Directors concluded that our historical financial statements for the fiscal year ended December 31, 2013, each of three 2013 three 2014 no The restatement is a result of the failure to identify all delivery obligations associated with multi-element revenue arrangements and an improper interpretation of standalone value of delivered elements. The revenue recognition errors identified by the Company, do not affect the total revenues ultimately earned or to be earned, or the amount or timing of cash received or to be received from individual customer arrangements. As a result of our restatement and in accordance with GAAP, revenue that had originally been recognized in 2013 Effects of the restatement The net impact of the restatement decreased previously reported revenue of $ 22,827,261 3,375,457 15 19,451,804 twelve 142,731 2,493,425 1,747 2,636,154 five 5,976,879 882,032 15 5,094,847 2013 3.4 Also, the Company has reclassified certain staff costs included in SG&A to Cost of Service, and it disaggregated the function SG&A into Selling and Marketing, General and Administrative and Product Development. The reclassification of operating costs are material to the annual periods ended December 31, 2012, 2013 2014 2013 2012 The increase in the reported net loss before income taxes primarily consists of the deferred recognition of revenue under the associated Iusacell, Vodafone and Zain contracts. The following presents the effects of the restatement adjustments and reclassifications on the Company's previously reported consolidated balance sheet, statements of operations, and statement of cash flows for the quarters ended September 30, 2014, June 30, 2014, March 31, 2014, the fiscal year ended December 31, 2013, and the quarters ended September 30, 2013, June 30, 2013 and March 31, 2013. December 31, December 31, December 31, 2013 2013 2013 As previously reported Restatement adjustments Restated ASSETS CURRENT ASSETS Cash and cash equivalents $ 1,252,315 $ - $ 1,252,315 Restricted cash 191,600 - 191,600 Accounts receivable, net of an allowance for doubtful accounts of $ 7,693 5,976,879 (882,032 ) 5,094,847 Prepaid expenses and other current assets 2,254,213 - 2,254,213 Total current assets 9,675,007 (882,032 ) 8,792,975 NON-CURRENT ASSETS OTHER ASSETS 1,412,408 - 1,412,408 PROPERTY AND EQUIPMENT, NET 19,786,122 - 19,786,122 INTANGIBLE ASSETS, NET 8,670,677 - 8,670,677 GOODWILL 3,773,226 - 3,773,226 $ 43,317,440 $ (882,032 ) $ 42,435,408 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Overdraft $ 391,436 $ - $ 391,436 Accounts payable and customer deposits 2,586,662 - 2,586,662 Obligations under capital leases (current portion) 1,302,838 - 1,302,838 Deferred Revenue 142,731 129,036 271,767 Accrued expenses and other payables 4,961,303 - 4,961,303 Loans payable 962,654 - 962,654 10 1,719,585 1,033,719 - 1,033,719 Total current liabilities 11,381,343 129,036 11,510,379 LONG TERM LIABILITIES 10 3 726,695 4,779,913 - 4,779,913 Warrant liabilities 1,973,534 - 1,973,534 Non-current portion of obligation under capital leases 845,529 - 845,529 Non-current portion of deferred revenue - 2,364,389 2,364,389 Loan from joint venture partner 602,047 - 602,047 Total long term liabilities 8,201,023 2,364,389 10,565,412 Total liabilities 19,582,366 2,493,425 22,075,791 STOCKHOLDERS' EQUITY Preferred Stock $ 0.00001 50,000,000 0 - - - Common Stock $ 0.00001 250,000,000 140,466,801 248,712,321 - 248,712,321 Accumulated other comprehensive income (loss) 269,869 - 269,869 Accumulated deficit (225,391,922 ) (3,375,457 ) (228,767,379 ) Elephant Talk Communications, Corp. stockholders' equity 23,590,268 (3,375,457 ) 20,214,811 NON-CONTROLLING INTEREST 144,806 - 144,806 Total stockholders' equity 23,735,074 (3,375,457 ) 20,359,617 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 43,317,440 $ (882,032 ) $ 42,435,408 Year end December 31, 2013 As previously reported Restatement adjustments Reclassifications Restated REVENUES $ 22,827,261 $ (3,375,457 ) $ - $ 19,451,804 COST AND OPERATING EXPENSES Cost of service 7,149,153 - 2,240,144 9,389,297 Product development - - 6,091,484 6,091,484 Sales and marketing - - 3,139,015 3,139,015 General and administrative 26,533,283 - (11,470,643 ) 15,062,640 Depreciation and amortization of intangibles assets 6,601,246 - - 6,601,246 Total cost and operating expenses 40,283,682 - - 40,283,682 LOSS FROM OPERATIONS (17,456,421 ) (3,375,457 ) - (20,831,878 ) OTHER INCOME (EXPENSE) Interest income 103,627 - - 103,627 Interest expense (1,064,999 ) - - (1,064,999 ) Interest expense related to debt discount and conversion feature (2,069,649 ) - - (2,069,649 ) Change in fair value of conversion feature 232,267 - - 232,267 Changes in fair value of warrant liabilities 479,322 - - 479,322 Gain / (Loss) on Extinguishment of Debt (2,005,100 ) - - (2,005,100 ) Other income & (expense), net (302,112 ) - - (302,112 ) Amortization of deferred financing costs (248,851 ) - - (248,851 ) Total other income (expense) (4,875,495 ) - - (4,875,495 ) LOSS BEFORE (BENEFIT) PROVISION FOR INCOME TAXES (22,331,916 ) (3,375,457 ) - (25,707,373 ) (Benefit) / provision for income taxes (200,301 ) - - (200,301 ) NET LOSS (22,131,615 ) (3,375,457 ) - (25,507,072 ) OTHER COMPREHENSIVE (LOSS) INCOME Foreign currency translation gain (loss) 1,001,959 - - 1,001,959 COMPREHENSIVE LOSS $ (21,129,656 ) $ (3,375,457 ) $ - $ (24,505,113 ) Net loss per common share and equivalents - basic and diluted $ (0.17 ) $ - $ - $ (0.20 ) Weighted average shares outstanding during the period - basic and diluted 126,259,634 - - 126,259,634 Year ended December 31, 2013 As previously reported Restatement adjustments Restated restated CASH FLOWS FROM OPERATING ACTIVITIES: Net loss $ (22,131,615 ) $ (3,375,457 ) $ (25,507,072 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 6,601,246 - 6,601,246 Provision for doubtful accounts 22,005 - 22,005 Stock based compensation 8,515,391 - 8,515,391 Change in fair value of conversion feature (232,267 ) - (232,267 ) Change in fair value of warrant liability (479,322 ) - (479,322 ) Amortization of deferred financing costs 248,851 - 248,851 Interest expense relating to debt discount and conversion feature 2,069,649 - 2,069,649 Unrealized foreign currency translation gain (loss) 302,112 - 302,112 (Profit) / Loss on Extinguishment of Debt 2,005,100 - 2,005,100 Changes in operating assets and liabilities: Decrease (increase) in restricted cash 1,052,257 - 1,052,257 Decrease (increase) in accounts receivable (82,763 ) 882,032 799,269 Decrease (increase) in prepaid expenses, deposits and other assets (465,026 ) - (465,026 ) Increase (decrease) in accounts payable and customer deposits (3,415,032 ) - (3,415,032 ) Increase (decrease) in deferred revenue (118,786 ) 2,493,424 2,374,638 Increase (decrease) in accrued expenses and other payables 140,514 - 140,514 Net cash provided by (used in) operating activities (5,967,686 ) - (5,967,686 ) CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of property and equipment (5,898,169 ) - (5,898,169 ) Loan to third party (163,542 ) - (163,542 ) Net cash used in investing activities (6,061,711 ) - (6,061,711 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from 12 1,290,790 - 1,290,790 Proceeds from Share Purchase Agreement – Unregistered securities 225,000 - 225,000 Proceeds from Share Purchase Agreement - Registered direct 7,500,000 - 7,500,000 Proceeds from Share Purchase Agreement Related Party 4,500,000 - 4,500,000 Proceeds from 10 2,652,600 - 2,652,600 Proceeds from 10 3 5,305,200 - 5,305,200 Payments on 8 (8,642,149 ) - (8,642,149 ) Exercise of warrants & options 581,142 - 581,142 Cash from Escrow account for principal and interest payments on 8 742,427 - 742,427 Trade note payable (512,732 ) - (512,732 ) Payment of placement & solicitation fees (1,362,124 ) - (1,362,124 ) Net cash provided by financing activities 12,280,154 - 12,280,154 EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS (231,710 ) - (231,710 ) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 19,047 - 19,047 CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD 1,233,268 - 1,233,268 CASH AND CASH EQUIVALENTS, END OF THE PERIOD $ 1,252,315 $ - 1,252,315 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: Cash paid during the period for interest $ 745,096 $ - $ 745,096 Increase in Share Capital due to Telnicity Acquisition 1,180,000 - 1,180,000 Increase in Share Capital for third party settlement 468,000 - 468,000 Cash paid during the period for income taxes 45,930 - 45,930 Purchase of property and equipment under capital lease agreements 2,620,182 - 2,620,182 Restated quarterly financial statements (Unaudited) The prior period unaudited quarterly financial statements included below have been restated to correct the manner in which we recognize revenue related to our multiple-element arrangements are described above. Condensed consolidated balance sheets (unaudited) September 30, Restatement September 30, 2014 adjustment 2014 (UNAUDITED) Unaudited Unaudited Restated ASSETS CURRENT ASSETS Cash and cash equivalents $ 1,176,650 $ - $ 1,176,650 Restricted cash 169,536 - 169,536 Accounts receivable, net of an allowance for doubtful accounts of $ 0 6,754,447 (907,023 ) 5,847,424 Prepaid expenses and other current assets 2,319,310 - 2,319,310 Total current assets 10,419,943 (907,023 ) 9,512,920 NON-CURRENT ASSETS OTHER ASSETS 1,093,977 - 1,093,977 PROPERTY AND EQUIPMENT, NET 19,603,707 - 19,603,707 INTANGIBLE ASSETS, NET 6,000,884 - 6,000,884 GOODWILL 3,490,242 - 3,490,242 TOTAL ASSETS $ 40,608,753 $ (907,023 ) $ 39,701,730 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Overdraft $ 425,144 $ - $ 425,144 Accounts payable and customer deposits 2,063,304 - 2,063,304 Obligations under capital leases (current portion) 1,828,083 - 1,828,083 Deferred Revenue 127,456 468,256 595,712 Accrued expenses and other payables 5,804,999 - 5,804,999 Loans payable 961,550 - 961,550 Total current liabilities 11,210,536 468,256 11,678,792 LONG TERM LIABILITIES 2013 10 3 410,853 4,663,227 - 4,663,227 Warrant liabilities 2,248,169 - 2,248,169 Non-current portion of obligation under capital leases 261,912 - 261,912 Non-current portion of deferred revenue - 7,788,843 7,788,843 Total long term liabilities 7,173,308 7,788,843 14,962,151 Total liabilities 18,383,844 8,257,099 26,640,943 Commitments and Contingencies STOCKHOLDERS' EQUITY Preferred Stock $ 0.00001 50,000,000 0 - - - Common Stock $ 0.00001 250,000,000 151,312,189 260,616,570 - 260,616,570 Accumulated other comprehensive income (loss) (2,003,871 ) - (2,003,871 ) Accumulated deficit (236,521,852 ) (9,164,122 ) (245,685,974 ) Elephant Talk Communications, Corp. stockholders' equity 22,090,847 (9,164,122 ) 12,926,725 NON-CONTROLLING INTEREST 134,062 - 134,062 Total stockholders' equity 22,224,909 (9,164,122 ) 13,060,787 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 40,608,753 $ (907,023 ) $ 39,701,730 For the three month Restatement adjustments Re- classifications Restated For the nine month period ended September 30, 2014 Restatement adjustments Re- classifications Restated (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) REVENUES $ 7,298,988 $ (2,853,749 ) $ - $ 4,445,239 $ 20,690,609 $ (5,788,665 ) $ - $ 14,901,944 COST AND OPERATING EXPENSES Cost of service (exclusive of depreciation and amortization shown separately below) 848,771 - 716,283 1,565,054 2,660,816 - 2,388,897 5,049,713 Product development - - 1,707,102 1,707,102 - - 5,699,451 5,699,451 Sales and marketing - - 555,519 555,519 - - 1,784,161 1,784,161 General and administrative 6,227,147 - (2,978,904 ) 3,248,243 19,636,038 - (9,872,509 ) 9,763,529 Depreciation and amortization 1,900,251 - - 1,900,251 5,836,857 - - 5,836,857 Total cost and operating expenses 8,976,169 - - 8,976,169 28,133,711 - - 28,133,711 LOSS FROM OPERATIONS (1,677,181 ) (2,853,749 ) - (4,530,930 ) (7,443,102 ) (5,788,665 ) - (13,231,767 ) OTHER INCOME (EXPENSE) Interest income 36,684 - - 36,684 93,840 - - 93,840 Interest expense (260,295 ) - - (260,295 ) (895,453 ) - - (895,453 ) Interest expense related to debt discount and conversion feature (1,287,717 ) - - (1,287,717 ) (3,197,749 ) - - (3,197,749 ) Changes in fair value of warrant liabilities (103,311 ) - - (103,311 ) (274,635 ) - - (274,635 ) Gain / (Loss) on Extinguishment of Debt 626,534 - - 626,534 626,108 - - 626,108 Other income & (expense), net 301,199 - - 301,199 372,597 - - 372,597 Amortization of deferred financing costs (73,789 ) - - (73,789 ) (323,246 ) - - (323,246 ) Total other income (expense) (760,695 ) - - (760,695 ) (3,598,538 ) - - (3,598,538 ) LOSS BEFORE (BENEFIT) PROVISION FOR INCOME TAXES (2,437,876 ) (2,853,749 ) - (5,291,625 ) (11,041,640 ) (5,788,665 ) - (16,830,305 ) (Benefit) / provision for income taxes (44,938 ) - - (44,938 ) 88,290 - - 88,290 NET LOSS (2,392,938 ) (2,853,749 ) - (5,246,687 ) (11,129,930 ) (5,788,665 ) - (16,918,595 ) OTHER COMPREHENSIVE (LOSS) INCOME Foreign currency translation gain (loss) (2,273,740 ) - - (2,273,740 ) (2,424,192 ) - - (2,424,192 ) COMPREHENSIVE LOSS $ (4,666,678 ) $ (2,853,749 ) $ - $ (7,520,427 ) $ (13,554,122 ) $ (5,788,665 ) $ - $ (19,342,787 ) Net loss per common share and equivalents - basic and diluted $ (0.02 ) $ - $ - $ (0.04 ) $ (0.08 ) $ - $ - $ (0.12 ) Weighted average shares outstanding during the period - basic and diluted 149,468,618 - - 149,468,618 145,929,455 - - 145,929,455 Nine ended September 30, 2014 Restatement Restated Unaudited Unaudited CASH FLOWS FROM OPERATING ACTIVITIES: Net loss $ (11,129,930 ) $ (5,788,665 ) $ (16,918,595 ) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization 5,836,857 - 5,836,857 Provision for doubtful accounts (10,661 ) - (10,661 ) Provision for income taxes - - - Stock based compensation 3,536,680 - 3,536,680 Change in fair value of conversion feature - - - Change in fair value of warrant liability 274,635 - 274,635 Amortization of deferred financing costs 323,246 - 323,246 Interest expense relating to debt discount and conversion feature 3,197,749 - 3,197,749 Unrealized foreign currency translation gain (loss) (501,571 ) - (501,571 ) Extinguishment of Debt (626,108 ) - (626,108 ) Changes in operating assets and liabilities: - - Decrease (increase) in accounts receivable (1,366,947 ) 21,669 (1,345,278 ) Decrease (increase) in prepaid expenses, deposits and other assets (101,971 ) - (101,971 ) Increase (decrease) in accounts payable and customer deposits 362,685 - 362,685 Increase (decrease) in deferred revenue (11,931 ) 5,766,996 5,755,065 Increase (decrease) in accrued expenses and other payables 1,493,594 - 1,493,594 Increase (decrease) in non-cash accrued expenses related to extinguishment of Debt (426 ) - Net cash provided by (used in) operating activities 1,275,901 - 1,275,901 CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of property and equipment (5,611,023 ) - (5,611,023 ) Loan to third party - - - Net cash used in investing activities (5,611,023 ) - (5,611,023 ) CASH FLOWS FROM FINANCING ACTIVITIES: Financing related fees (125,793 ) - (125,793 ) Payments on 8 - - - Exercise of warrants and options 4,286,576 - 4,286,576 Interest paid for property and equipment acquired under capital leases (57,079 ) - (57,079 ) Net cash provided by financing activities 4,103,704 - 4,103,704 EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS 155,753 - 155,753 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (75,665 ) - (75,665 ) CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD 1,252,315 - 1,252,315 CASH AND CASH EQUIVALENTS, END OF THE PERIOD $ 1,176,650 $ - $ 1,176,650 June 30, June 30, 2014 2014 (UNAUDITED) restatement Unaudited Restated Unaudited ASSETS CURRENT ASSETS Cash and cash equivalents $ 829,388 $ - $ 829,388 Restricted cash 191,703 - 191,703 Accounts receivable, net of allowance for doubtful accounts of $ 29,547 8,223,963 (1,299,207 ) 6,924,756 Prepaid expenses and other current assets 2,619,882 - 2,619,882 Total current assets 11,864,936 (1,299,207 ) 10,565,729 NON-CURRENT ASSETS OTHER ASSETS 1,288,246 - 1,288,246 PROPERTY AND EQUIPMENT, NET 20,711,832 - 20,711,832 INTANGIBLE ASSETS, NET 7,122,940 - 7,122,940 GOODWILL 3,740,646 - 3,740,646 TOTAL ASSETS $ 44,728,600 $ (1,299,207 ) $ 43,429,393 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Overdraft $ 413,958 $ - $ 413,958 Accounts payable and customer deposits 2,305,933 - 2,305,933 Obligations under capital leases (current portion) 1,898,346 - 1,898,346 Deferred revenue 163,848 468,256 632,104 Accrued expenses and other payables 6,592,945 - 6,592,945 Loans payable 963,051 - 963,051 Total current liabilities 12,338,081 468,256 12,806,337 LONG TERM LIABILITIES 10 3 518,463 4,940,798 - 4,940,798 10 17,786 2,711,844 - 2,711,844 Warrant liabilities 2,144,858 - 2,144,858 Non-current portion of obligation under capital leases 487,728 - 487,728 Non-current portion of deferred revenue - 4,542,910 4,542,910 Loan from joint venture partner 626,534 - 626,534 Total long term liabilities 10,911,762 4,542,910 15,454,672 Total liabilities 23,249,843 5,011,166 28,261,009 Commitments and Contingencies STOCKHOLDERS' EQUITY Preferred Stock $ 0.00001 50,000,000 0 - - - Common Stock $ 0.00001 250,000,000 146,525,302 255,328,306 - 255,328,306 Accumulated other comprehensive income 121,636 - 121,636 Accumulated deficit (234,115,159 ) (6,310,373 ) (240,425,532 ) Elephant Talk Communications, Corp. stockholders' equity 21,334,783 (6,310,373 ) 15,024,410 NON-CONTROLLING INTEREST 143,974 - 143,974 Total stockholders' equity 21,478,757 (6,310,373 ) 15,168,384 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 44,728,600 $ (1,299,207 ) $ 43,429,393 For the three For the six period ended period ended June 30, 2014 Restatement adjustments Re- classifications Restated June 30, 2014 Restatement adjustments Re- classifications Restated (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) REVENUES $ 6,911,768 (1,839,328 ) $ - $ 5,072,440 $ 13,391,621 (2,934,916 ) $ - $ 10,456,705 COST AND OPERATING EXPENSES Cost of service 828,581 - 1,020,106 1,848,687 1,812,045 - 1,672,614 3,484,659 Product development - - 2,280,532 2,280,532 - 3,992,349 3,992,349 Sales and marketing - - 664,807 664,807 - 1,228,642 1,228,642 General and administrative 7,432,784 - (3,965,446 ) 3,467,338 13,408,891 - (6,893,605 ) 6,515,286 Depreciation and amortization 1,928,392 - - 1,928,392 3,936,606 - - 3,936,606 Total cost and operating expenses 10,189,757 - - 10,189,757 19,157,542 - - 19,157,542 LOSS FROM OPERATIONS (3,277,989 ) (1,839,328 ) - (5,117,317 ) (5,765,921 ) (2,934,916 ) - (8,700,837 ) OTHER INCOME (EXPENSE) Interest income 29,545 - - 29,545 57,156 - - 57,156 Interest expense (333,214 ) - - (333,214 ) (635,158 ) - - (635,158 ) Interest expense related to debt discount and conversion feature (1,025,292 ) - - (1,025,292 ) (1,910,032 ) - - (1,910,032 ) Changes in fair value of warrant liabilities 38,948 - - 38,948 (171,324 ) - - (171,324 ) Loss on Extinguishment of Debt - - - - (426 ) - - (426 ) Other income and (expense), net 68,008 - - 68,008 71,398 - - 71,398 Amortization of deferred financing costs (113,090 ) - - (113,090 ) (249,457 ) - - (249,457 ) Total other income (expense) (1,335,095 ) - - (1,335,095 ) (2,837,843 ) - - (2,837,843 ) LOSS BEFORE (BENEFIT) PROVISION FOR INCOME TAXES (4,613,084 ) (1,839,328 ) - (6,452,412 ) (8,603,764 ) (2,934,916 ) - (11,538,680 ) Provision (benefit) for income taxes (2,209 ) - - (2,209 ) 133,228 - - 133,228 NET LOSS (4,610,875 ) (1,839,328 ) - (6,450,203 ) (8,736,992 ) (2,934,916 ) - (11,671,908 ) OTHER COMPREHENSIVE (LOSS) INCOME Foreign currency translation loss (148,233 ) - - (148,233 ) (150,452 ) - - (150,452 ) COMPREHENSIVE LOSS $ (4,759,108 ) (1,839,328 ) $ - $ (6,598,436 ) $ (8,887,444 ) (2,934,916 ) $ - $ (11,822,360 ) Net loss per common share and equivalents - basic and diluted $ (0.03 ) - $ - $ (0.04 ) $ (0.06 ) - $ - $ (0.08 ) Weighted average shares outstanding during the period - basic and diluted 146,482,547 - - 146,482,547 144,130,543 - - 144,130,543 For the six ended June 30, 2014 restatement Restated Unaudited Unaudited CASH FLOWS FROM OPERATING ACTIVITIES: Net loss $ (8,736,992 ) $ (2,934,916 ) $ (11,671,908 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 3,936,606 - 3,936,606 Provision for doubtful accounts 18,865 - 18,865 Share-based compensation 2,674,261 - 2,674,261 Change in the fair value of the warrant liability 171,324 - 171,324 Amortization of deferred financing costs 249,457 - 249,457 Interest expense relating to debt discount and conversion feature 1,910,032 - 1,910,032 Unrealized foreign currency translation gain/(loss) (71,398 ) - (71,398 ) (Profit)/Loss on Extinguishment of Debt - - 426 Changes in operating assets and liabilities, net of acquired assets and assumed liabilities: Decrease (increase) in accounts receivable (2,329,143 ) 414,819 (1,914,324 ) Decrease (increase) in prepaid expenses, deposits and other assets (346,129 ) - (346,129 ) Increase (decrease) in accounts payable, proceeds from related parties and customer deposits 210,932 - 210,932 Increase (decrease) in deferred revenue 16,994 2,552,097 2,537,091 Increase (decrease) in accrued expenses and other payables 1,910,256 - 1,909,830 Net cash provided by (used in) operating activities (384,935 ) - (384,935 ) CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of Property and Equipment (3,922,724 ) - (3,922,724 ) Net cash used in investing activities (3,922,724 ) - (3,922,724 ) CASH FLOWS FROM FINANCING ACTIVITIES: Fundraising fees (90,000 ) - (90,000 ) Exercise of warrants and Options 4,283,033 - 4,283,033 Net cash provided by financing activities 4,193,033 - 4,193,033 EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS (308,301 ) - (308,301 ) NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (422,927 ) - (422,927 ) CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD 1,252,315 - 1,252,315 CASH AND CASH EQUIVALENTS, END OF THE PERIOD $ 829,388 $ - $ 829,388 March 31, March 31, 2014 2014 (UNAUDITED) restatement Restated Unaudited Unaudited ASSETS CURRENT ASSETS Cash and cash equivalents $ 3,918,046 $ - $ 3,918,046 Restricted cash 192,161 - 192,161 Accounts receivable, net of allowance for doubtful accounts of $ 11,307 6,262,041 (1,228,374 ) 5,033,667 Prepaid expenses and other current assets 2,147,686 - 2,147,686 Total current assets 12,519,934 (1,228,374 ) 11,291,560 NON-CURRENT ASSETS OTHER ASSETS 1,357,728 - 1,357,728 PROPERTY AND EQUIPMENT, NET 19,954,703 - 19,954,703 INTANGIBLE ASSETS, NET 7,903,149 - 7,903,149 GOODWILL 3,769,199 - 3,769,199 TOTAL ASSETS $ 45,504,713 $ (1,228,374 ) $ 44,276,339 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Overdraft $ 402,234 $ - $ 402,234 Accounts payable and customer deposits 2,419,325 - 2,419,325 Obligations under capital leases (current portion) 1,348,705 - 1,348,705 Deferred revenue 203,623 468,256 671,879 Accrued expenses and other payables 5,936,989 - 5,936,989 Loans payable 962,269 - 962,269 10 937,814 1,812,506 - 1,812,506 Total current liabilities 13,085,651 468,256 13,553,907 LONG TERM LIABILITIES 10 3 623,726 4,876,914 - 4,876,914 Warrant liabilities 2,183,806 - 2,183,806 Non-current portion of obligation under capital leases 465,954 - 465,954 Non-current portion of deferred revenue - 2,774,415 2,774,415 Loan from joint venture partner 614,169 - 614,169 Total long term liabilities 8,140,843 2,774,415 10,915,258 Total liabilities 21,226,494 3,242,671 24,469,165 Commitments and Contingencies STOCKHOLDERS' EQUITY Preferred Stock $ 0.00001 50,000,000 0 - - - Common Stock $ 0.00001 250,000,000 146,364,577 253,383,860 - 253,383,860 Accumulated other comprehensive income 267,650 - 267,650 Accumulated deficit (229,518,039 ) (4,471,045 ) (233,989,084 ) Elephant Talk Communications, Corp. stockholders' equity 24,133,471 (4,471,045 ) 19,662,426 NON-CONTROLLING INTEREST 144,748 - 144,748 Total stockholders' equity 24,278,219 (4,471,045 ) 19,807,174 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 45,504,713 $ (1,228,374 ) $ 44,276,339 March 31, 2014 Restatement adjustments Re-classifications Restated (unaudited) (unaudited) (unaudited) (unaudited) REVENUES $ 6,479,853 $ (1,095,588 ) $ - $ 5,384,265 COST AND OPERATING EXPENSES Cost of service 983,464 - 652,508 1,635,972 Product development - - 1,711,817 1,711,817 Sales and marketing - - 563,835 563,835 General and administrative 5,976,107 - (2,928,159 ) 3,047,948 Depreciation and amortization 2,008,214 - - 2,008,214 Total cost and operating expenses 8,967,785 - - 8,967,785 LOSS FROM OPERATIONS (2,487,932 ) (1,095,588 ) - (3,583,520 ) OTHER INCOME (EXPENSE) Interest income 27,611 - - 27,611 Interest expense (301,944 ) - - (301,944 ) Interest expense related to Debt Discount and Conversion Feature (884,740 ) - - (884,740 ) Change in fair value of warrant liabilities (210,272 ) - - (210,272 ) Loss on extinguishment of debt (426 ) - - (426 ) Other income and (expense) 3,390 - - 3,390 Amortization of deferred financing costs (136,367 ) - - (136,367 ) Total other income (expense) (1,502,748 ) - - (1,502,748 ) LOSS BEFORE PROVISION FOR INCOME TAXES (3,990,680 ) (1,095,588 ) - (5,086,268 ) Provision for income taxes (135,437 ) - - (135,437 ) NET LOSS (4,126,117 ) (1,095,588 ) - (5,221,705 ) OTHER COMPREHENSIVE (LOSS) INCOME Foreign currency translation (loss) (2,219 ) - - (2,219 ) COMPREHENSIVE LOSS $ (4,128,336 ) (1,095,588 ) $ - $ (5,223,924 ) Net loss per common share and equivalents - basic and diluted $ (0.03 ) - $ - $ (0.04 ) Weighted average shares outstanding during the period - basic and diluted 141,752,128 - - 141,752,128 For the three months ended ended March 31, 2014 restatement Restated Unaudited Unaudited CASH FLOWS FROM OPERATING ACTIVITIES: Net loss $ (4,126,117 ) $ (1,095,588 ) $ (5,221,705 ) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization 2,008,214 - 2,008,214 Provision for doubtful accounts 611 - 611 Stock based compensation 771,724 - 771,724 Changes in the fair value of the conversion feature - - - Change in the fair value of the warrant liability 210,272 - 210,272 Amortization of deferred financing costs 136,367 - 136,367 Interest expense relating to debt discount and conversion feature 884,740 - 884,740 Unrealized foreign currency translation gain/(loss) (3,390 ) - (3,390 ) (Profit)/Loss on Extinguishment of debt - - 426 Changes in operating assets and liabilities, net of acquired assets and assumed liabilities: Decrease (increase) in accounts receivable (293,435 ) (345,973 ) (52,538 ) Decrease (increase) in prepaid expenses, deposits and other assets 165,627 - 165,627 Increase (decrease) in accounts payable, proceeds from related parties and customer deposits 319,553 - 319,553 Increase (decrease) in deferred revenue 59,946 749,615 809,561 Increase (decrease) in accrued expenses and other payables 643,707 - 643,281 Net cash provided by (used in) operating activities 777,819 - 777,819 CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of Property and Equipment (1,802,951 ) - (1,802,951 ) Net cash used in investing activities (1,802,951 ) - (1,802,951 ) CASH FLOWS FROM FINANCING ACTIVITIES: Financing related fees (90,000 ) - (90,000 ) Exercise of warrants and Options 4,093,480 - 4,093,480 Net cash provided by financing activities 4,003,480 - 4,003,480 EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS (312,617 ) - (312,617 ) NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 2,665,731 - 2,665,731 CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD 1,252,315 - 1,252,315 CASH AND CASH EQUIVALENTS, END OF THE PERIOD $ 3,918,046 $ - $ 3,918,046 September 30, September 30, 2013 restatement 2013 (UNAUDITED) Unaudited Restated Unaudited ASSETS CURRENT ASSETS Cash and cash equivalents $ 6,085,215 $ - $ 6,085,215 Restricted cash 495,983 - 495,983 Accounts receivable, net of allowance for doubtful accounts of $ 25,225 559,120 4,173,398 (978,579 ) 3,194,819 Prepaid expenses and other current assets 2,531,602 - 2,531,602 Total current assets 13,286,198 (978,579 ) 12,307,619 NON-CURRENT ASSETS OTHER ASSETS 1,382,857 - 1,382,857 PROPERTY AND EQUIPMENT, NET 18,663,407 - 18,663,407 INTANGIBLE ASSETS, NET 9,412,581 - 9,412,581 GOODWILL 3,707,903 - 3,707,903 TOTAL ASSETS $ 46,452,946 $ (978,579 ) $ 45,474,367 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Overdraft $ 380,550 $ - $ 380,550 Accounts payable and customer deposits 4,905,101 - 4,905,101 Deferred Revenue 428,473 - 428,473 Accrued expenses and other payables 5,816,271 - 5,816,271 Loans payable 962,418 - 962,418 10 2,385,206) 267,393 - 267,393 Total current liabilities 12,760,206 - 12,760,206 LONG TERM LIABILITIES 10 3 827,421) 4,477,780 - 4,477,780 Warrant liabilities 4,116,480 - 4,116,480 Trade note payable 593,903 - 593,903 Non-current portion of deferred revenue - 1,888,891 1,888,891 Loan from joint venture partner 590,165 - 590,165 Total long term liabilities 9,778,328 1,888,891 11,667,219 Total liabilities 22,538,534 1,888,891 24,427,425 Commitments and Contingencies STOCKHOLDERS' EQUITY Preferred Stock $ 0.00001 50,000,000 0 - - - Common stock, .00001 250,000,000 134,440,221 243,294,324 - 243,294,324 Accumulated other comprehensive income (loss) (242,647 ) - (242,647 ) Accumulated deficit (219,316,384 ) (2,867,470 ) (222,183,854 ) Elephant Talk Communications, Corp. stockholders' equity 23,735,293 (2,867,470 ) 20,867,823 NON-CONTROLLING INTEREST 179,119 - 179,119 Total stockholders' equity 23,914,412 (2,867,470 ) 21,046,942 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 46,452,946 $ (978,579 ) $ 45,474,367 For the Three For the Nine Period ended Period ended September 30, 2013 Restatement Re- Restated September 30, 2013 Restatement Re- Restated (uaudited) (uaudited) (uaudited) (uaudited) (uaudited) (uaudited) (uaudited) (uaudited) REVENUES $ 5,204,982 $ (1,081,188 ) $ - $ 4,123,794 $ 16,795,627 $ (2,867,470 ) $ - $ 13,928,157 COST AND OPERATING EXPENSES Cost of service 1,080,174 - 468,402 1,548,576 6,093,968 - 1,560,310 7,654,278 Product development - - 1,354,105 1,354,105 - - 4,523,208 4,523,208 Sales and marketing - - 623,644 623,644 - - 2,229,013 2,229,013 General and administrative 5,442,869 - (2,446,151 ) 2,996,718 18,823,614 - (8,312,530 ) 10,511,083 Depreciation and amortization 1,543,687 - - 1,543,687 4,699,906 - - 4,699,906 Total cost and operating expenses 8,066,730 - - 8,066,730 29,617,488 - - 29,617,488 LOSS FROM OPERATIONS (2,861,748 ) (1,081,188 ) - (3,942,936 ) (12,821,861 ) (2,867,470 ) - (15,689,331 ) OTHER INCOME (EXPENSE) Interest income 33,773 - - 33,773 89,020 - - 89,020 Interest expense (181,074 ) - - (181,074 ) (612,970 ) - - (612,970 ) Interest expense related to debt discount and conversion feature (259,795 ) - - (259,795 ) (1,320,795 ) - - (1,320,795 ) Change in fair value of conversion feature - - - - 232,267 - - 232,267 Loss on Extinguishment of Debt (44,506 ) - - (44,506 ) (1,983,103 ) - - (1,983,103 ) Changes in fair value of warrant liabilities 173,333 - - 173,333 519,349 - - 519,349 Amortization of deferred financing costs (44,076 ) - - (44,076 ) (116,482 ) - - (116,482 ) Total other income (expense) (322,345 ) - - (322,345 ) (3,192,714 ) - - (3,192,714 ) LOSS BEFORE PROVISION FOR INCOME TAXES (3,184,093 ) (1,081,188 ) - (4,265,281 ) (16,014,575 ) (2,867,470 ) - (18,882,045 ) Provision for income taxes 41,500 - - 41,500 41,500 41,500 NET LOSS (3,225,593 ) (1,081,188 ) - (4,306,781 ) (16,056,075 ) (2,867,470 ) - (18,923,545 ) OTHER COMPREHENSIVE (LOSS) INCOME Foreign currency translation gain (loss) 489,443 - - 489,443 (807,208 ) - - (807,208 ) 489,443 - - 489,443 (807,208 ) - - (807,208 ) COMPREHENSIVE LOSS $ (2,736,150 ) $ (1,081,188 ) $ - $ (3,817,338 ) $ (16,863,283 ) $ (2,867,470 ) $ - $ (19,730,753 ) Net loss per common share and equivalents - basic and diluted $ (0.02 ) $ - $ - $ (0.03 ) $ (0.13 ) $ - $ - $ (0.16 ) Weighted average shares outstanding during the period - basic and diluted 134,440,221 - - 134,440,221 122,038,045 - - 122,038,045 For the nine ended September 30, 2013 restatement Restated Unaudited Unaudited CASH FLOWS FROM OPERATING ACTIVITIES: Net loss $ (16,056,076 ) $ (2,867,470 ) $ (18,923,546 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 4,699,906 - 4,699,906 Provision for doubtful accounts 2

Business and Summary of Signi43

Business and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2014
Business and Summary of Significant Accounting Policies [Abstract]
Financial Condition	Financial Condition As reflected in the accompanying consolidated financial statements, the Company incurred net losses of $21,861,917 and $25,507,072 (as adjusted) for the twelve month periods ended December 31, 2014 and 2013, respectively, and had an accumulated deficit of $250,629,296 as of December 31, 2014. On November 17, 2014 (the “Atalaya Closing Date”), the Company and certain of its subsidiaries entered into a term loan credit agreement with Atalaya Administrative LLC, as the administrative agent and collateral agent, and the lenders party thereto (the “Credit Agreement”). The Credit Agreement provides for a twelve million dollar term loan facility (the “Term Loan Facility”) with an advance of $10,000,000 made on Atalaya Closing Date. The Term Loan Facility will mature on December 31, 2017. An amount of $3,114,066 (€2,498,849) of these proceeds has been used to repay the then outstanding principal and accrued interest of the 10% 3rd Party Convertible Note as existent in November 2014. The remaining $2,000,000 of the loan was held back subject to the Company fulfilling post-closing obligations. In January 2015 the Company fulfilled the post-closing conditions and received the remaining $2,000,000. In 2014 the Company improved its cash generating activities compared with the year before. However, due to the very strong buildup of accounts receivable in the fourth quarter, there was a net cash used for operating activities of $ 2.1 million in 2014. The primary cause of the accounts receivable increases are the result of Group Iusacell, S.A.'s (“Iusacell”) deferring the payment for services performed during the fourth quarter 2014. The outstanding receivables of Iusacell constituted 72% of total accounts receivable at December 31, 2014. After Iusacell was acquired by AT&T, AT&T/Iusacell indicated its intention to terminate the five-year agreement between the Company and Iusacell dated September 10, 2013 (the “Iusacell Agreement”). The Company received a settlement proposal from Iusacell/AT&T, in exchange for the termination of the Iusacell Agreement, payment of a certain amount of cash, consisting of outstanding account payables and additional payment to compensate the Company for the loss of future fees to be due under the Iusacell Agreement. Presently management is evaluating the settlement proposal of Iusacell/AT&T. The intended termination of Iusacell Agreement has and will have a significant impact to our revenue, financial conditions and liquidity. During the three months ended December 31, 2014, if Iusacell would have paid the agreed amounts for fourth quarter 2014 we would have received cash payments of around $1 million per month. Once termination and settlement payments have been consummated the impact compared to the three months ended 31 December 2014 non-gaap revenues would have been approximately $1 million per month. The Company expects reaching a settlement agreement with AT&T/Iusacell in the near future. However, there can be no assurance that the outcome will be successful as the Company expected. In case the outcome falls short of the Company's expectations, the Company will need to conduct financing and/or further scale back its operations. Even though the Company has been successful in the past to arrange for sufficient liquidity for the Company, the above conditions raise substantial doubt as to Company's ability to continue as a going concern.
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of Elephant Talk Communications Corp. and its subsidiaries and have been prepared in accordance with accounting principles generally accepted in the United States (“US GAAP”). All intercompany transactions and account balances have been eliminated in consolidation. The Company's subsidiaries are: • its wholly-owned subsidiary Elephant Talk Europe Holding B.V. and its wholly owned subsidiaries Elephant Talk Communications Luxembourg SA, Elephant Talk Communications Italy S.R.L., ET-Stream GmbH, Elephant Talk Business Services W.L.L., Guangzhou Elephant Talk Information Technology Limited, Elephant Talk Deutschland GmbH, Morodo Group Ltd., Elephant Talk Belgium BVBA, and the majority owned ( 51% 51% • Elephant Talk Europe Holding B.V.'s wholly-owned subsidiary Elephant Talk Communication Holding AG and its wholly-owned subsidiaries Elephant Talk Communications S.L.U., Elephant Talk Mobile Services B.V., Elephant Talk Telekom GmbH, Elephant Talk Communication Carrier Services GmbH, Elephant Talk Communication Schweiz GmbH, Elephant Talk Communication (Europe) GmbH and the subsidiary Elephant Talk Communications Premium Rate Services Netherlands B.V.; • Elephant Talk Telecomunicação do Brasil LTDA, is owned 90 10 • Elephant Talk Europe Holding B.V.'s majority ( 100% 100% 99% • its wholly-owned subsidiary Elephant Talk Limited (“ETL”) and its majority owned ( 50.54% 100 • its wholly-owned subsidiary Elephant Talk North America, Corp; • its wholly-owned subsidiary ValidSoft Limited (Ireland) and its wholly-owned subsidiary ValidSoft UK Limited; • its wholly-owned subsidiary Elephant Talk Group International B.V., based in The Netherlands, and • Elephant Talk Europe Holding B.V.'s majority owned subsidiary ( 99,998% 99% Business combinations: On April 1, 2013, the Company, through its subsidiary Elephant Talk North America Corp, entered into an asset purchase agreement to acquire most of the assets of Telnicity LLC, a company established in the US (see Note 9). The assets and operations are consolidated into the financials of the Company as of April 1, 2013. All intercompany balances and transactions are eliminated in consolidation.
Foreign Currency Translation	Foreign Currency Translation The functional currency is Euros for the Company's wholly-owned subsidiary Elephant Talk Europe Holding B.V. and its subsidiaries, Euros for its wholly-owned subsidiary Elephant Talk Global Holding B.V., the Hong Kong Dollar for its wholly-owned subsidiary ETL and the British Pound Sterling for its wholly-owned subsidiary ValidSoft. The financial statements of the Company were translated to USD using period-end exchange rates as to assets and liabilities and average exchange rates as to revenues and expenses, and capital accounts were translated at their historical exchange rates when the capital transaction occurred. In accordance with ASC 830, Foreign Currency Matters, net gains and losses resulting from translation of foreign currency financial statements are included in the statement of stockholder's equity as other comprehensive income (loss). Foreign currency transaction gains and losses are included in consolidated income/(loss), under the line item ‘Other income/(expense)'.
Use of Estimates	Use of Estimates The preparation of the accompanying financial statements conforms with accounting principles generally accepted in the U.S. and requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. The Company bases its estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities. Significant areas of estimates include bad debt allowance, valuation of financial instruments, useful lives and share-based compensation. Actual results may differ from these estimates under different assumptions or conditions.
Cash and Cash Equivalents	Cash and Cash Equivalents For purposes of the cash flow statements, the Company would normally consider all highly liquid investments with original maturities of three months or less at the time of purchase to be cash equivalents. The Company has full access to the whole balance of cash and cash equivalents on a daily basis without any delay.
Financing Receivables	Financing Receivables The financing receivables reported as per December 31, 2014 relate to the securitization of assets and transfers of certain contracts of the 2014 10 2,000,000 financing until certain post-closing conditions were met by the Company. On January 12 th , 2015 the Company fulfilled the post-closing conditions upon which the financing receivable was fully released to the Company.
Restricted Cash	Restricted Cash Restricted cash as of December 31, 2014 and 2013 was $ 312,935 191,600
Accounts Receivables, Net	Accounts Receivables, Net The Company's customer base consists of a geographically dispersed customer base. The Company maintains an allowance for potential credit losses on accounts receivable. The Company makes ongoing assumptions relating to the collectability of our accounts receivable. The accounts receivable amounts presented on our balance sheets include reserves for accounts that might not be collected. In determining the amount of these reserves, the Company considers its historical level of credit losses. The Company also makes judgments about the creditworthiness of significant customers based on ongoing credit evaluations, and the Company assesses current economic trends that might impact the level of credit losses in the future. The Company's reserves have generally been adequate to cover its actual credit losses. However, since the Company cannot reliably predict future changes in the financial stability of its customers, it cannot guarantee that its reserves will continue to be adequate. If actual credit losses are significantly greater than the reserves, the Company would increase its general and administrative expenses and increase its reported net losses. Conversely, if actual credit losses are significantly less than our reserve, this would eventually decrease the Company's general and administrative expenses and decrease its reported net losses. Allowances are recorded primarily on a specific identification basis. See Note 4 of the Financial Statements for more information.
Leasing Arrangements	Leasing Arrangements At the inception of a lease covering equipment or real estate, the lease agreement is evaluated under the criteria of ASC 840, Leases.
Revenue Recognition and Deferred Revenue	Revenue Recognition and Deferred Revenue Revenue represents amounts earned for (non-software) arrangements consisting of hosting subscriptions for mobile and security solutions. We also offer customer support and professional services related to implementing and supporting our suite of applications. Revenues generally are recognized net of any taxes collected from customers and subsequently remitted to governmental authorities. Hosting subscriptions provide customers access to our software on a subscription basis, and support services (e.g. Network operating costs and second line helpdesk) related to those arrangements. Hosting subscriptions are recognized ratably over the contract term commencing with the date our service is made available to customers and when all of the following conditions have been met: (i) there is persuasive evidence of an arrangement; (ii) delivery has occurred; (iii) the fee is fixed or determinable; and (iv) collectability of the fee is reasonably assured. Revenue is recorded as deferred revenue before all of the relevant criteria for revenue recognition are satisfied. Beginning in 2013, when our business transitioned form the landline business to the mobile and security solutions business, the Company entered into multiple element arrangements which are accounted in accordance with ASC 605-25 “Revenue Recognition-Multiple Element Arrangements” The elements in a multiple element arrangement are identified and are separated into separate units of accounting when both of the following criteria are met: The delivered item or items have value to the customer on a stand-alone basis, meaning the delivered item or items have value on a standalone basis if it sold separately by any vendor or the customer could resell the delivered item or items on a stand-alone basis. And if the arrangement includes a general right of return related to the delivered item, delivery or performance of the undelivered item or items are considered probably and substantially in the control of the Company. Total consideration of a multiple-element arrangement is then allocated using the relative selling price method using the hierarchy prescribed in ASC 605-25. In accordance with that hierarchy if fair value of the vendor specific objective evidence (VSOE) or, third-party evidence (TPE) does not exist for the element, then the best estimated selling price (BESP) is used. Since the Company does not have neither VSOE nor TPE the Company determines BESP for all deliverables in their Hosting arrangements. In determining the BESP, the Company considering multiple factors which include, and are not limited to, the following: i) gross margin objectives and internal costs for services; ii) pricing practices, market conditions, iii) competitive landscape and iv) growth strategy . customers accessing our cloud-based application suite in Our arrangements with customers do not provide the customer with the right to take possession of the software supporting the cloud-based application service at any time. Professional services and other revenue include fees from consultation services to support the business process mapping, configuration, data migration, integration and training. Amounts that have been invoiced are recorded in accounts receivable and in deferred revenue or revenue, depending on whether the revenue recognition criteria have been met. Our consideration of whether our hosted solutions and the associated professional services/consulting or other services are to be accounted separately or as one combined element of the arrangement includes the following: • professional services/consulting for implementation and integration, are not deemed to have standalone value, or • professional services related to optional services engagements that are not essential to the functionality of our core platform and optional services arrangements, and are considered to have standalone value.
Cost of Revenues and Operating Expenses	Cost of Revenues and Operating Expenses Cost of Service Cost of service includes origination, termination, network and billing charges from telecommunications operators, costs of telecommunications service providers, network costs, data center costs, facility cost of hosting network and equipment and cost in providing resale arrangements with long distance service providers, cost of leasing transmission facilities, international gateway switches for voice, data transmission services, and the Cost of professional services of staff directly related to the generation of revenues, consisting primarily of employee-related costs associated with these services, including share-based expenses and the cost of subcontractors. Cost of service excludes depreciation and amortization.
Research and Development Expense	Research and Development Expense Research and development expenditures are expensed in the period incurred, and these expenses are included within the operating expenses function Product Development. Costs incurred during the application development stage of internal-use software projects, such as those used in the Company's operations, are capitalized in accordance with the accounting guidance for costs of computer software developed for internal use in ASC 350-40. There are three main stages of computer software development. These stages are defined as (1) the preliminary project stage, (2) the application development stage, and (3) the post-implementation / operation stage. Only costs included in the application development stage are eligible for capitalization. Capitalization of costs begins once management authorizes and commits funding and the preliminary project stage is completed. Capitalized costs are amortized on a straight-line basis. When assigning useful lives to internal-use software, the Company considers the effects of obsolescence, competition, technology, and other economic factors. Product Development costs for the period ended December 31, 2014, 2013 and 2012 were $ 7,228,663 6,091,484 6,803,509 4,674,199 3,505,742 1,731,341
Reporting Segments	Reporting Segments ASC 280, Segment Reporting (“ASC 280”), defines operating segments as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performances. The business operates as one single segment and discrete financial information is based on the whole, not segregated; and is used by the chief decision maker accordingly.
Financial Instruments	Financial Instruments The carrying values of cash and cash equivalents, restricted cash, accounts receivable, accounts payable and customer deposits approximate their fair values based on their short-term nature. The recorded values of long-term debt approximate their fair values, as interest approximates market rates. The Company's conversion feature, a derivative instrument, is recognized in the balance sheet at its fair values with changes in fair market value reported in earnings.
Fair Value Measurements	Fair Value Measurements In accordance with ASC 820, Fair Value Measurement (“ASC 820”), the Company defines fair value as the price that would be received from selling an asset or paid to transfer a liability (i.e., the exit price) in an orderly transaction between market participants at the measurement date. ASC 820 establishes a fair value hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are those that market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Company. Unobservable inputs reflect the Company's assumptions about the inputs that market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The fair value hierarchy is categorized into three levels based on the inputs as follows: Level 1 Level 2 Level 3 The degree of judgment exercised by the Company in determining fair value is greatest for securities categorized in Level 3. In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined by the lowest level input that is significant to the fair value measurement. The Company has three asset groups that are valued at fair value categorized within Level 3: Warrant liabilities (recurring measurement), goodwill and intangibles (non-recurring measurements) for the impairment test. Below are discussions of the main assumptions used for the recurring measurements. Recurring Measurement - Warrant Liabilities (see also Note 19) Number of Outstanding arrants The number of outstanding warrants is adjusted every re-measurement date after deducting the exercise or exchange of any outstanding warrants during the previous reporting period. Stock Price at Valuation Date The closing stock price at re-measurement date being the last available closing price of the reporting period taken from www.nasdaq.com. Exercise Price The exercise price is fixed and determined under the terms - of the financing facility it was issued. Remaining Term The remaining term is calculated by using the contractual expiration date of the 8% Senior Secured Convertible Note at the moment of re-measurement. Expected Volatility Management estimates expected cumulative volatility giving consideration to the expected life of the note and calculated the annual volatility by using the continuously compounded return calculated by using the share closing prices of an equal number of days prior to the maturity date of the note (reference period). The annual volatility is used to determine the (cumulative) volatility of the Company´s common stock (= annual volatility * square root (expected life)). Risk-Free Interest Rate Management estimates the risk-free interest rate using the “Daily Treasury Yield Curve Rates” from the US Treasury Department with a term equal to the reported rate, or derived by using both spread in intermediate term and rates, up to the maturity date of the 8% Senior Secured Convertible Note. Expected Dividend Yield Management estimates the expected dividend yield by giving consideration to the Company´s current dividend policies as well as those anticipated in the future considering the Company´s current plans and projections. Exchange Condition The warrant holder has the option to do a cashless exchange of warrants at certain exchange conditions described in the warrants. The valuation for the exchange is based on a Black-Scholes calculation with pre-determined variables such as volatility 135 remaining term 5 risk-free rate dividend yield 0 exercise price 0.887 market price one Mandatory Exercise Condition Management's estimate for the likelihood of being able to force a mandatory exercise of the warrants prior to the maturity of the warrant agreement.
Share-based Compensation	Share-based Compensation The Company follows the provisions of ASC 718, Compensation-Stock Compensation, (“ASC 718”). Under ASC 718, share-based awards are recorded at fair value as of the grant date and recognized as expense with an adjustment for forfeiture over the employee's requisite service period (the vesting period, generally up to three To determine the value of our stock options at grant date under our employee stock option plan, the Company uses the Black-Scholes option-pricing model. The use of this model requires the Company to make a number of subjective assumptions. The following addresses each of these assumptions and describes our methodology for determining each assumption: Expected Life The expected life represents the period that the stock option awards are expected to be outstanding. The Company uses the simplified method for estimating the expected life of the option, by taking the average between time to vesting and the contract life of the award. Expected Volatility The Company estimates expected cumulative volatility giving consideration to the expected life of the option of the respective award, and the calculated annual volatility by using the continuously compounded return calculated by using the share closing prices of an equal number of days prior to the grant-date (reference period). The annual volatility is used to determine the (cumulative) volatility of its Common Stock (= annual volatility x square root (expected life)). Forfeiture rate The Company is using the aggregate forfeiture rate. The aggregate forfeiture rate is the ratio of pre-vesting forfeitures over the awards granted (pre-vesting forfeitures/grants). The forfeiture discount (additional loss) is released into the profit and loss in the same period as the option vesting-date. The forfeiture rate is actualized every reporting period. Risk-Free Interest Rate The Company estimates the risk-free interest rate using the “Daily Treasury Yield Curve Rates” from the U.S. Treasury Department with a term equal to the reported rate, or derived by using both spread in intermediate term and rates, to the expected life of the award. Expected Dividend Yield The Company estimates the expected dividend yield by giving consideration to our current dividend policies as well as those anticipated in the future considering our current plans and projections. The Company does not currently calculate a discount for any post-vesting restrictions to which our awards may be subject.
Income Taxes	Income Taxes Current tax is based on the income or loss from ordinary activities adjusted for items that are non-assessable or disallowable for income tax purpose and is calculated using tax rates that have been enacted or substantively enacted at the balance sheet date. Deferred tax assets are recognized for the expected future tax benefit to be derived from tax losses and tax credit carry-forwards. Establishment of a valuation allowance is provided when it is more likely than deferred taxes will not be realized. In the ordinary course of a global business, there are many transactions and calculations where the ultimate tax outcome is uncertain. Some of these uncertainties arise as a consequence of revenue sharing and reimbursement arrangements among related entities, the process of identifying items of revenue and expenses that qualify for preferential tax treatment and segregation of foreign and domestic income and expense to avoid double taxation. The Company files federal income tax returns in the US, various US state jurisdictions and various foreign jurisdictions. The Company's income tax returns are open to examination by federal, state and foreign tax authorities, generally for the years ended December 31, 2008 and later, with certain state jurisdictions open for audit for earlier years. The Company's policy is to record estimated interest and penalties on unrecognized tax benefits as part of its income tax provision.
Comprehensive Income/(Loss)	Comprehensive Income/ (Loss) Comprehensive income/ (loss) include all changes in equity during a period from non-owner sources. For the years ended December 31, 2014 and 2013, the Company's comprehensive income/ (loss) consisted of its net loss and foreign currency translation adjustments.
Business Combinations	Business Combinations The acquisition method of accounting for business combinations as per ASC 805, Business Combinations (“ASC 805”), requires us to use significant estimates and assumptions, including fair value estimates, as of the business combination date and to refine those estimates as necessary during the measurement period (defined as the period, not to exceed one year, in which the Company may adjust the provisional amounts recognized for a business combination). Under the acquisition method of accounting, the identifiable assets acquired, the liabilities assumed, and any non-controlling interests acquired in the acquisition are recognized as of the closing date for purposes of determining fair value. The Company measures goodwill as of the acquisition date as the excess of consideration transferred, over the net of the acquisition date fair value of the identifiable assets acquired and liabilities assumed. Costs that the Company incurs to complete the business combination such as investment banking, legal and other professional fees are not considered part of consideration and the Company charges them to general and administrative expense as they are incurred. During the measurement period, the Company adjusts the provisional amounts recognized at the acquisition date to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date. Measurement period adjustments are reflected retrospectively in all periods being presented in the financial statements.
Goodwill	Goodwill The Company records goodwill when the fair value of consideration transferred in a business combination exceeds the fair value of the identifiable assets acquired and liabilities assumed. Goodwill and other intangible assets that have indefinite useful lives are not amortized, but the Company tests them for impairment annually during its fourth fiscal quarter and whenever an event or change in circumstances indicates that the carrying value of the asset is impaired. The authoritative guidance for the goodwill impairment model includes a two-step process. First, it requires a comparison of the carrying value of the reporting unit to its fair value. If the fair value is determined to be less than the carrying value, a second step is performed. In the second step, the Company compares the implied fair value of goodwill to its carrying value in the reporting unit. The shortfall of the fair value below carrying value, if any, would represent the amount of goodwill impairment charge. We are using the criteria in ASU no. 2011-08 Intangibles – Goodwill and Other (Topic 350): Testing Goodwill for Impairment, which permits the Company to make a qualitative assessment of whether it is more likely than not than not that a reporting unit's fair value is less than the carrying amount before applying the two-step goodwill impairment test. If the Company concludes that it is not more likely than not that the fair value of a reporting unit is less that its carrying amount, it would not need to perform the two-step impairment test for that reporting unit. The Company tests goodwill for impairment in the fourth quarter of each fiscal year, or sooner should there be an indicator of impairment as per ASC 350, Intangibles – Goodwill and Other.
Long-lived Assets and Intangible Assets	Long-lived Assets and Intangible Assets In accordance with ASC 350, Intangibles – Goodwill and Other (“ASC 350”), intangible assets are carried at cost less accumulated amortization and impairment charges. Intangible assets are amortized on a straight-line basis over the expected useful lives of the assets, between three ten
Property and Equipment, Internal Use Software and Third Party Software	Property and Equipment, Internal Use Software and Third Party Software Property and equipment are initially recorded at cost. Additions and improvements are capitalized, while expenditures that do not enhance the assets or extend the useful life are charged to operating expenses as incurred. Included in property and equipment are certain costs related to the development of the Company's internally developed software technology platform. The Company has adopted the provisions of ASC 350-40, Accounting for the Costs of Computer Software developed or obtained for internal use (former AICPA SOP 98-1, “ASC 350-40”), and therefore the costs incurred in the preliminary stages of development are expensed as incurred. The Company capitalizes all costs related to software developed or obtained for internal use when management commits to funding the project; the preliminary project stage is completed and when technological feasibility is established. Software developed for internal use has generally been used to deliver hosted services to the Company's customers. Technological feasibility is considered to have occurred upon completion of a detailed program design that has been confirmed by documenting the product specifications, or to the extent that a detailed program design is not pursued, upon completion of a working model that has been confirmed by testing to be consistent with the product design. Once a new functionality or improvement is released for operational use, the asset is moved from the property and equipment category “construction in progress” (“CIP”) to a property and equipment asset subject to depreciation in accordance with the principle described in the previous sentence. In this account management also records equipment acquired from third parties, until it is ready for use. Capitalization of costs ceases when the project is substantially complete and ready for its intended use. Depreciation is applied using the straight-line method over the estimated useful lives of the assets once the assets are placed in service. Management evaluates the useful lives of these assets on an annual basis and tests for impairment whenever events or changes in circumstances occur that could impact the recoverability of these assets. There were no impairments to internal use software during the twelve month periods ended December 31, 2014, 2013 and 2012, respectively.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In August 2014, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2014-15, Presentation of Financial Statements – Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity's Ability to Continue as a Going Concern. The amendments require management to assess an entity's ability to continue as a going concern by incorporating and expanding upon certain principles that are currently in US auditing standards. Specifically, the amendments (1) provide a definition of the term substantial doubt, (2) require an evaluation every reporting period including interim periods, (3) provide principles for considering the mitigating effect of management's plans, (4) require certain disclosures when substantial doubt is alleviated as a result of consideration of management's plans, (5) require an express statement and other disclosures when substantial doubt is not alleviated, and (6) require an assessment for a period of one year after the date that the financial statements are issued (or available to be issued). For all entities, the new requirements are effective for annual periods ending after December 15, 2016. Early application is permitted. Management does not expect that the adoption of this standard will have a material effect on the Company´s financial statements. In May 2014, as part of its ongoing efforts to assist in the convergence of US GAAP and International Financial Reporting Standards, the FASB issued a new standard related to revenue recognition. Under the new standard, recognition of revenue occurs when a customer obtains control of promised goods or services in an amount that reflects the consideration to which the entity expects to receive in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The new standard will be effective for the Company beginning January 1, 2017 and early adoption is not permitted. The adoption of this standard did not have had a material effect on the Company´s financial statements. In April 2014, the FASB issued ASU-2014-08, “Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity”, which amends the definition of a discontinued operation in Accounting Standards Codification Topic 205-20 (Presentation of Financial Statements – Discontinued Operations) and requires entities to disclose additional information about disposal transactions that do not meet the discontinued operations criteria. The ASU redefines a discontinued operation as a component or group of components of an entity that (1) has been disposed of by sale or other than by sale or classified as held for sale and (2) represents a strategic shift that has (or will have) a major effect on an entity's operations and results includes the disposal of a major geographic area, a major line of business, a major equity investment, or other major parts of an entity. The ASU is effective prospectively for disposals of components classified as held for sale in periods on or after December 15, 2014. The adoption of this standard did not have had a material effect on the Company´s financial statements.

Allowance for doubtful accoun44

Allowance for doubtful accounts (Tables)	12 Months Ended
	Dec. 31, 2014
Allowance for Doubtful Accounts [Abstract]
Schedule of Allowance for Doubtful Accounts	Allowance for Balance Currency Total Allowance Additions- Release for Balance at Year ended December 31, 2014 $ 7,693 $ (2,105 ) $ 5,588 $ 31,540 $ (37,128 ) $ - Year ended December 31, 2013 $ 559,120 $ 8,313 $ 567,433 $ 22,005 (581,745 ) $ 7,693 Year ended December 31, 2012 $ 436,546 5,180 $ 441,726 $ 117,394 $ - $ 559,120

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2014
Property and Equipment [Abstract]
Schedule of Property and Equipment	Average Useful December 31, December 31, Furniture and fixtures 5 $ 281,214 $ 314,686 Computer, communication and network equipment 3 10 23,904,494 24,287,111 Software 5 4,556,364 8,473,042 Automobiles 5 80,860 91,580 Construction in progress for internal use software 4,044,932 2,603,731 Total property and equipment 32,867,864 35,770,150 Less: accumulated depreciation and amortization (13,548,662 ) (15,984,028 ) Total property and equipment $ 19,319,202 $ 19,786,122

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2014
Intangible Assets [Abstract]
Schedule of Intangible Assets	Estimated December 31, December 31, Useful Lives 2014 2013 Customer Contracts, Licenses , Interconnect & Technology 5 10 $ 1,870,523 $ 13,005,460 ValidSoft IP & Technology 1 10 14,344,604 16,246,291 Total intangible assets 16,215,127 29,251,751 Less: Accumulated Amortization (1,165,856 ) (11,484,600 ) Less: Accumulated Amortization ValidSoft IP & Technology (9,973,063 ) (9,096,474 ) Total intangible assets, Net $ 5,076,208 $ 8,670,677
Estimated Future Amortization Expense Related to Intangible Assets	2015 2016 2017 2018 2019 2020 and Interconnect licenses and contracts $ 315,517 $ 240,094 $ 84,222 $ 64,834 $ - $ - ValidSoft IP & Technology 1,837,594 1,793,777 521,378 97,241 97,241 24,310 $ 2,153,111 $ 2,033,871 $ 605,600 $ 162,075 $ 97,241 $ 24,310

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Dec. 31, 2014
Goodwill [Abstract]
Schedule of Goodwill	Goodwill December 31, 2014 December 31, 2013 Goodwill ValidSoft Ltd $ 2,964,423 $ 3,359,210 Goodwill Morodo Ltd. 197,440 223,615 Goodwill Telnicity 190,401 190,401 Total $ 3,352,264 $ 3,733,226

The acquisition of assets of 48

The acquisition of assets of Telnicity (Tables)	12 Months Ended
	Dec. 31, 2014
The acquisition of assets of Telnicity [Abstract]
Schedule of Acquisition of Telnicity	Consideration paid Total Number of shares of Common Stock 1,000,000 Fair value of the share price at April 1, 2013 $ 1.18 Total Consideration Paid $ 1,180,000 Following the valuation of Telnicity, the Company allocated the above purchase price to the identifiable assets and liabilities. A summary of the assets acquired assumed for Telnicity are: Estimated fair values: Assets acquired $ 989,599 Liabilities assumed - Net assets acquired 989,599 Consideration paid 1,180,000 Goodwill $ 190,401

Accounts payable and Customer49

Accounts payable and Customer Deposits (Tables)	12 Months Ended
	Dec. 31, 2014
Accrued Expenses [Abstract]
Schedule of accounts payable and customer deposits	December 31, December 31, 2014 2013 Accounts payable $ 1,795,240 $ 2,538,479 Customer deposits 60,774 48,183 Total Accounts payable and Customer Deposits $ 1,856,014 $ 2,586,662

Loans Payable (Tables)

Loans Payable (Tables)	12 Months Ended
	Dec. 31, 2014
Loans Payable [Abstract]
Loans Payable	December December 31, 2014 31, 2013 Installment loan payable due December 24, 2006 two $ 320,231 $ 320,358 Installment loan payable, monthly principal and interest payments of $ 2,798 1.5 8.25 December 24, 2011 three 254,594 254,696 Installment loan payable, monthly principal and interest payments of $ 1,729 1.5 8.25 June 28, 2009 three 103,855 103,897 Term loan payable, monthly payments of interest at bank's prime rate, 7.0 283,589 283,703 Total $ 962,269 $ 962,654

Accrued expenses (Tables)

Accrued expenses (Tables)	12 Months Ended
	Dec. 31, 2014
Accrued Expenses [Abstract]
Accrued Expenses	December 31, December 31, 2014 2013 Accrued Selling, General & Administrative expenses $ 1,863,020 $ 2,271,086 Accrued cost of service 291,553 547,111 Accrued taxes (including VAT) 570,616 255,577 Accrued interest payable 1,184,418 1,300,101 Other accrued expenses 152,045 587,428 Total accrued expenses $ 4,061,652 $ 4,961,303

Conversion into Equity of the52

Conversion into Equity of the 2013 10% Related Party Convertible Note (Tables)	12 Months Ended
	Dec. 31, 2014
Convertible Note One [Member]
Debt Instrument [Line Items]
Schedule of Loan and Convertible Note	December 31, 10% Convertible Note (principal amount) € 2,000,000 Exchange rate December 31, 2013: EURO 0.7264 10% Convertible Note $ 2,753,304 Less: Debt Discount (Beneficial Conversion Feature) (728,332 ) Debt Discount (Extended Warrants) (849,453 ) Debt Discount (Warrants) (141,800 ) 10% Related Party Convertible Note (Net of Debt Discount of $ 1,719,585 $ 1,033,719

The 2014 10% Term Loan Agreem53

The 2014 10% Term Loan Agreement (Tables)	12 Months Ended
	Dec. 31, 2014
2014 10% Term Loan Agreement [Member]
Debt Instrument [Line Items]
Schedule of 2014 10% Term Loan Agreement	December 31, 2014 10% Term Loan (principal amount) $ 12,000,000 Less: Debt Discount – Original Issue Discount $ (365,231 ) Less: Debt Discount – Warrants (433,663 ) 2014 10% Term Loan (Net of Debt Discount) $ 11,201,106

10% 3rd Party Loan and Conver54

10% 3rd Party Loan and Convertible Note (Tables)	12 Months Ended
	Dec. 31, 2014
Convertible Note Two [Member]
Debt Instrument [Line Items]
Schedule of Loan and Convertible Note	December 31, 10 € 4,000,000 Exchange rate December 31, 2013: EURO 0.7264 10% Convertible Note $ 5,506,608 Less: Debt Discount (Warrants) (726,695) 10% 3rd Party Loan and Convertible Note (Net of Debt Discount) $ 4,779,913

Obligations under Capital Lea55

Obligations under Capital Leases (Tables)	12 Months Ended
	Dec. 31, 2014
Obligations under Capital Leases [Abstract]
Schedule of Equipment under Capital Leases	December December 31, 2014 31, 2013 Network equipment $ 1,449,343 $ 1,642,759 Software licenses 1,611,507 874,174 Other 134,326 103,249 Total 3,195,176 2,620,182 Less: accumulated depreciation and amortization (527,841 ) (101,209 ) Total $ 2,667,335 $ 2,518,973

Other long term payable (Tables

Other long term payable (Tables)	12 Months Ended
	Dec. 31, 2014
Other long term payable [Abstract]
Summary of other long term payable	December 31, 2014 Arrangement with creditor (principal amount) € 366,313 Exchange rate December 31, 2014: EURO 0.8227 Arrangement with creditor $ 445,257 Less: Short-term portion (recorded in Accrued expenses) (90,377 ) Total $ 354,880

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2014
Fair Value Measurements [Abstract]
Schedule of Financial Liabilities Measured at Fair Value on a Recurring Basis	December 31, 2014 Level 1 Level 2 Level 3 Total Derivative Liabilities Conversion feature $ - $ - $ - $ - Warrant Liabilities - - 2,087,992 2,087,992 Total Derivatives Liabilities $ - $ - $ 2,087,992 $ 2,087,992 December 31, 2013 Level 1 Level 2 Level 3 Total Derivative Liabilities Conversion feature $ - $ - $ - $ - Warrant Liabilities - - 1,973,534 1,973,534 Total Derivatives Liabilities $ - $ - $ 1,973,534 $ 1,973,534

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2014
Stockholders' Equity [Abstract]
Summary of Warrants	Outstanding Exercise/ Expiring ` 2014 2013 2012 Warrants – Acquisitions $ 0.63 2.25 2013 - - 3,437,953 Warrants - Fundraising $ 0.70 2.00 2013-2018 29,610,206 37,229,230 46,322,101 Warrants - Other $2.21 2016 18,659 18,659 18,659 29,628,865 37,247,889 49,778,713

Non-controlling Interest (Table

Non-controlling Interest (Tables)	12 Months Ended
	Dec. 31, 2014
Non-controlling Interest [Abstract]
Schedule of Non-controlling Interests	Non-controlling interest Subsidiary Non-controlling December December ETC PRS UK 49 % $ 9,321 $ 9,894 ETC PRS Netherlands 49 % - 134,912 Total $ 9,321 $ 144,806

Basic and diluted net loss pe60

Basic and diluted net loss per share (Tables)	12 Months Ended
	Dec. 31, 2014
Basic and diluted net loss per share [Abstract]
Schedule of Anti-dilutive Securities	Dilutive Securities 2014 2013 2012 Convertible Notes - 9,635,838 2,957,855 Warrants 29,628,865 37,247,889 49,778,713 Employee Stock Options 40,056,080 34,479,773 12,181,130 69,684,945 81,363,500 64,917,698

2006 Non-Qualified Stock and 61

2006 Non-Qualified Stock and Option Compensation Plan and 2008 Long Term Incentive Compensation Plan (Tables)	12 Months Ended
	Dec. 31, 2014
2006 Non-Qualified Stock and Option Compensation Plan and 2008 Long Term Incentive Compensation Plan [Abstract]
Reconciliation of Registered and Available Shares and/or Options	Full Year 2014 Total Registered 2008 - 5,000,000 Registered 2011 - 18,000,000 Approved increase 2013 - 23,000,000 Approved increase 2014 - 10,000,000 Total Registered under this plan 56,000,000 Shares (issued to): Consultants - 325,000 Directors and Officers 429,665 1,626,031 Options exercised 621,638 2,373,442 Options (movements): Issued and Outstanding 40,056,080 Available for grant at December 31, 2014: 11,619,447
Schedule of common stock purchase options	Options: Number of Weighted Initial Fair Outstanding as of December 31, 2011 7,727,099 $ 2.03 $ 10,803,654 Granted in 2012 6,205,354 $ 2.24 $ 6,803,965 Exercised (with delivery of shares) (431,972 ) $ 1.00 $ (403,382 ) Forfeitures (Pre-vesting) (990,821 ) $ 2.29 $ (1,327,277 ) Expirations (Post-vesting) (296,251 ) $ 2.23 $ (417,475 ) Exchanged for Cashless exercise (32,279 ) $ 1.66 $ (40,814 ) Outstanding as of December 31, 2012 12,181,130 $ 2.15 $ 15,418,671 Granted in 2013 24,496,741 $ 1.12 $ 14,107,008 Exercised (with delivery of shares) (809,737 ) $ 0.66 $ (270,682 ) Forfeitures (Pre-vesting) (805,266 ) $ 1.00 $ (807,662 ) Expirations (Post-vesting) (556,524 ) $ 1.92 $ (648,529 ) Exchanged for Cashless exercise (26,571 ) $ 0.60 $ (13,834 ) Outstanding as of December 31, 2013 34,479,773 $ 1.47 $ 27,784,972 Granted in 2014 8,251,685 $ 1.21 $ 5,187,826 Exercised (with delivery of shares) (621,638 ) $ 0.75 $ (195,803 ) Forfeitures (Pre-vesting) (975,649 ) $ 1.54 $ (872,761 ) Expirations (Post-vesting) (1,078,091 ) $ 1.94 $ (1,166,981 ) Exchanged for Cashless exercise - $ NA $ - Outstanding as of December 31, 2014 40,056,080 $ 1.39 $ 30,728,253
Schedule of Weighted Average Assumptions	2014 2013 2012 Grants During the year 8,251,685 24,496,741 6,205,354 Weighted Average Annual Volatility 86 % 89 % 81 % Weighted Average Cumulative Volatility 150 % 192 % 134 % Weighted Average Contractual Life of grants (Years) 4.33 5.11 3.84 Weighted Average Expected Life of grants (Years) 3.28 4.73 2.69 Weighted Average Risk Free Interest Rate 0.9332 % 1.5017 % 0.4553 % Dividend yield 0.0000 % 0.0000 % 0.0000 % Weighted Average Fair Value at grant-date $ 0.66 $ 0.58 $ 1.10 Options Outstanding Total Options Outstanding 40,056,080 34,479,773 12,181,130 Weighted Average Remaining Contractual Life (Years) 3.71 4.68 5.34 Weighted Average Remaining Expected Life (Years) 3.01 4.91 5.02 Weighted Average Exercise Price $ 1.39 $ 1.47 $ 1.73 Aggregate Intrinsic Value (all options) $ (23,046,653 ) $ (8,189,063 ) $ (13,972,731 ) Aggregate Intrinsic Value (only in-the-money options) $ 1,342,659 $ 6,312,036 $ 100,611 Options Exercisable Total Options Exercisable 22,856,509 18,180,371 4,358,510 Weighted Average Exercise Price $ 1.58 $ 1.62 $ 1.96 Weighted Average Remaining Contractual Life (Years) 2.74 3.79 5.97 Aggregate Intrinsic Value (all options) $ (17,120,707 ) $ (7,126,025 ) $ (4,178,337 ) Aggregate Intrinsic Value (only in-the-money options) $ 581,485 $ 3,091,811 $ 100,465 Unvested Options Total Unvested Options 17,199,571 16,299,402 7,847,207 Weighted Average Exercise Price $ 1.18 $ 1.21 $ 2.25 Forfeiture rate used for this period ending 11.764 % 11.074 % 10.673 % Options expected to vest Number of options expected to vest corrected by forfeiture 16,446,707 15,553,067 7,009,645 Unrecognized share-based compensation expense $ 9,655,125 $ 8,787,636 $ 3,014,397 Weighted Average remaining contract life (Years) 5.12 5.68 4.99 Exercises Total shares delivered/issued 621,638 809,737 431,972 Weighted Average Exercise Price $ 0.75 $ 0.66 $ 1.00 Intrinsic Value of Options Exercised $ 288,144 $ 306,883 $ 177,547
Schedule of Share-Based Compensation Expense	2014 2013 2012 Consultancy services $ 143,838 $ 76,000 $ - Directors and officers (shares and options) 315,830 4,510,240 1,141,812 Employee (options) 3,428,607 3,929,151 5,160,329 $ 3,888,275 $ 8,515,391 $ 6,302,141

Income taxes (Tables)

Income taxes (Tables)	12 Months Ended
	Dec. 31, 2014
Income taxes [Abstract]
Schedule of Loss before Income Tax Provision	2014 2013 2012 Domestic $ (9,725,694 ) $ (14,549,839 ) $ (6,574,394 ) Foreign (11,919,292 ) (11,157,534 ) (16,268,406 ) Total loss before income tax provision $ (21,644,986 ) $ (25,707,373 ) $ (22,842,800 )
Schedule of Income Tax Expense (Benefit)	December December December 31, 2014 31, 2013 31, 2012 Current: Federal $ - $ - $ - State - - - Foreign (216,931 ) 200,301 (289,136 ) (216,931 ) 200,301 (289,136 ) Deferred: Federal - - - State - - - Foreign - - - Income tax (benefit)/expense $ (216,931 ) $ 200,301 $ 289,136
Schedule of the Reconciliation of the Provision for Income Taxes at the United States Federal Statutory Rate to the Foreign Income Tax Rate	December December December 31, 2014 31, 2013 31, 2012 Tax expense (credit) at statutory rate-federal 34 % 34 % 34 % State tax expense net of federal tax - - - Foreign income tax rate difference (7 )% (10.1 )% (8.4 )% Change in valuation allowance (25.5 )% (24.3 )% (25.6 )% Other 0 % 1.2 % 1.3 % Income tax (benefit)/expense $ 1.5 % 0.8 % 1.3 %
Schedule of Deferred Tax Assets	2014 2013 Deferred tax assets: Net Operating Losses $ 39,804,723 $ 35,701,315 Total gross deferred tax assets 39,804,723 35,701,315 Less: valuation allowance (39,804,723 ) (35,701,315 ) Net deferred tax assets $ - $ -
Schedule of Unrecognized Tax Benefits	Balance at December 31, 2012 $ 289,136 Increases related to prior year tax positions - Decreases related to prior year tax positions (289,136 ) Balance at December 31, 2013 - Increases related to prior year tax positions - Decreases related to prior year tax positions - Increases related to current year tax positions - Balance at December 31, 2014 $ -

Geographic Information (Tables

Geographic Information (Tables)	12 Months Ended
	Dec. 31, 2014
Geographic Information [Abstract]
Geographic Information	Twelve months ended December 31, 2014 Europe Other foreign Total Revenues from unaffiliated customers $ 13,490,366 $ 6,866,081 $ 20,356,447 Identifiable assets $ 36,867,194 $ 8,053,801 $ 44,920,998 Twelve months ended December 31, 2013 Europe Other foreign Total Revenues from unaffiliated customers (restated) $ 15,933,666 $ 3,518,138 $ 19,451,804 Identifiable assets $ 31,948,966 $ 10,486,442 $ 42,435,408 Twelve months ended December 31, 2012 Europe Other foreign countries Total Revenues from unaffiliated customers $ 29,053,151 $ 149,037 $ 29,202,188 Identifiable assets $ 35,682,490 $ 1,793,051 $ 37,475,541

Selected Quarterly Financial 64

Selected Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2014
Selected Quarterly Financial Data (Unaudited) [Abstract]
Schedule of Selected Quarterly Financial Data (Unaudited)	Q1 2014 Q2 2014 Q3 2014 Q4 2014 (Restated and reclassified) (Restated and reclassified) (Restated and reclassified) REVENUES * $ 5,384,265 $ 5,072,440 $ 4,445,239 $ 5,454,503 COST AND OPERATING EXPENSES Cost of service (exclusive of depreciation and amortization shown separately below)** 1,635,972 1,848,687 1,565,054 1,638,961 Product development** 1,711,817 2,280,532 1,707,102 1,529,212 Sales and marketing** 563,835 664,807 555,519 609,515 General and administrative** 3,047,947 3,467,339 3,248,243 2,839,072 Depreciation and amortization of intangibles assets 2,008,214 1,928,392 1,900,251 2,383,362 Total cost and operating expenses 8,967,785 10,189,757 8,976,169 9,000,122 LOSS FROM OPERATIONS * (3,583,520 ) (5,117,317 ) (4,530,930 ) (3,545,619 ) OTHER INCOME (EXPENSE) (1,502,748 ) (1,335,095 ) (760,695 ) (1,269,062 ) NET LOSS * (5,221,705 ) (6,450,203 ) (5,246,687 ) (4,943,322 ) ACCOUNTS RECEIVABLE* 5,033,667 6,924,756 5,847,424 8,877,213 TOTAL ASSETS* 44,276,339 43,429,393 39,701,730 44,920,998 DEFERRED REVENUE* 3,446,294 5,175,014 8,384,555 11,247,642 STOCKHOLDERS EQUITY* 19,807,174 15,168,384 13,060,787 10,612,567 * items restated ** items reclassified Q1 2013 Q2 2013 Q3 2013 Q4 2013 (Restated and reclassified) (Restated and reclassified) (Restated and reclassified) (Restated and reclassified) REVENUES * $ 6,240,114 $ 3,564,249 $ 4,123,794 $ 5,523,647 COST AND OPERATING EXPENSES Cost of service (exclusive of depreciation and amortization shown separately below)** 3,960,803 2,144,899 1,548,576 1,735,019 Product development** 1,349,623 1,819,480 1,354,105 1,568,276 Sales and marketing** 722,952 882,418 623,644 910,002 General and administrative** 3,422,873 4,091,492 2,996,718 4,551,557 Depreciation and amortization of intangibles assets 1,319,988 1,836,231 1,543,687 1,901,340 Total cost and operating expenses 10,776,239 10,774,520 8,066,730 10,666,194 LOSS FROM OPERATIONS * (4,536,125 ) (7,210,271 ) (3,942,936 ) (5,142,547 ) OTHER INCOME (EXPENSE) (958,183 ) (1,912,186 ) (322,345 ) (1,682,781 ) NET LOSS * (5,494,308 ) (9,122,457 ) (4,306,781 ) (6,583,527 ) ACCOUNTS RECEIVABLE* 4,502,499 2,865,751 3,194,819 5,094,847 TOTAL ASSETS* 34,479,340 39,557,150 45,474,367 42,435,408 DEFERRED REVENUE* 637,922 1,726,136 2,317,364 2,636,156 STOCKHOLDERS EQUITY* 15,827,867 17,407,605 21,046,942 20,359,617 * items restated ** items reclassified

Restatement of previously iss65

Restatement of previously issued financial statements and financial information (Tables)	12 Months Ended
	Dec. 31, 2014
Restatement of previously issued financial statements and financial information [Abstract]
Schedule of restatement of previously issued financial statements and financial information	December 31, December 31, December 31, 2013 2013 2013 As previously reported Restatement adjustments Restated ASSETS CURRENT ASSETS Cash and cash equivalents $ 1,252,315 $ - $ 1,252,315 Restricted cash 191,600 - 191,600 Accounts receivable, net of an allowance for doubtful accounts of $ 7,693 5,976,879 (882,032 ) 5,094,847 Prepaid expenses and other current assets 2,254,213 - 2,254,213 Total current assets 9,675,007 (882,032 ) 8,792,975 NON-CURRENT ASSETS OTHER ASSETS 1,412,408 - 1,412,408 PROPERTY AND EQUIPMENT, NET 19,786,122 - 19,786,122 INTANGIBLE ASSETS, NET 8,670,677 - 8,670,677 GOODWILL 3,773,226 - 3,773,226 $ 43,317,440 $ (882,032 ) $ 42,435,408 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Overdraft $ 391,436 $ - $ 391,436 Accounts payable and customer deposits 2,586,662 - 2,586,662 Obligations under capital leases (current portion) 1,302,838 - 1,302,838 Deferred Revenue 142,731 129,036 271,767 Accrued expenses and other payables 4,961,303 - 4,961,303 Loans payable 962,654 - 962,654 10 1,719,585 1,033,719 - 1,033,719 Total current liabilities 11,381,343 129,036 11,510,379 LONG TERM LIABILITIES 10 3 726,695 4,779,913 - 4,779,913 Warrant liabilities 1,973,534 - 1,973,534 Non-current portion of obligation under capital leases 845,529 - 845,529 Non-current portion of deferred revenue - 2,364,389 2,364,389 Loan from joint venture partner 602,047 - 602,047 Total long term liabilities 8,201,023 2,364,389 10,565,412 Total liabilities 19,582,366 2,493,425 22,075,791 STOCKHOLDERS' EQUITY Preferred Stock $ 0.00001 50,000,000 0 - - - Common Stock $ 0.00001 250,000,000 140,466,801 248,712,321 - 248,712,321 Accumulated other comprehensive income (loss) 269,869 - 269,869 Accumulated deficit (225,391,922 ) (3,375,457 ) (228,767,379 ) Elephant Talk Communications, Corp. stockholders' equity 23,590,268 (3,375,457 ) 20,214,811 NON-CONTROLLING INTEREST 144,806 - 144,806 Total stockholders' equity 23,735,074 (3,375,457 ) 20,359,617 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 43,317,440 $ (882,032 ) $ 42,435,408 Year end December 31, 2013 As previously reported Restatement adjustments Reclassifications Restated REVENUES $ 22,827,261 $ (3,375,457 ) $ - $ 19,451,804 COST AND OPERATING EXPENSES Cost of service 7,149,153 - 2,240,144 9,389,297 Product development - - 6,091,484 6,091,484 Sales and marketing - - 3,139,015 3,139,015 General and administrative 26,533,283 - (11,470,643 ) 15,062,640 Depreciation and amortization of intangibles assets 6,601,246 - - 6,601,246 Total cost and operating expenses 40,283,682 - - 40,283,682 LOSS FROM OPERATIONS (17,456,421 ) (3,375,457 ) - (20,831,878 ) OTHER INCOME (EXPENSE) Interest income 103,627 - - 103,627 Interest expense (1,064,999 ) - - (1,064,999 ) Interest expense related to debt discount and conversion feature (2,069,649 ) - - (2,069,649 ) Change in fair value of conversion feature 232,267 - - 232,267 Changes in fair value of warrant liabilities 479,322 - - 479,322 Gain / (Loss) on Extinguishment of Debt (2,005,100 ) - - (2,005,100 ) Other income & (expense), net (302,112 ) - - (302,112 ) Amortization of deferred financing costs (248,851 ) - - (248,851 ) Total other income (expense) (4,875,495 ) - - (4,875,495 ) LOSS BEFORE (BENEFIT) PROVISION FOR INCOME TAXES (22,331,916 ) (3,375,457 ) - (25,707,373 ) (Benefit) / provision for income taxes (200,301 ) - - (200,301 ) NET LOSS (22,131,615 ) (3,375,457 ) - (25,507,072 ) OTHER COMPREHENSIVE (LOSS) INCOME Foreign currency translation gain (loss) 1,001,959 - - 1,001,959 COMPREHENSIVE LOSS $ (21,129,656 ) $ (3,375,457 ) $ - $ (24,505,113 ) Net loss per common share and equivalents - basic and diluted $ (0.17 ) $ - $ - $ (0.20 ) Weighted average shares outstanding during the period - basic and diluted 126,259,634 - - 126,259,634 Year ended December 31, 2013 As previously reported Restatement adjustments Restated restated CASH FLOWS FROM OPERATING ACTIVITIES: Net loss $ (22,131,615 ) $ (3,375,457 ) $ (25,507,072 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 6,601,246 - 6,601,246 Provision for doubtful accounts 22,005 - 22,005 Stock based compensation 8,515,391 - 8,515,391 Change in fair value of conversion feature (232,267 ) - (232,267 ) Change in fair value of warrant liability (479,322 ) - (479,322 ) Amortization of deferred financing costs 248,851 - 248,851 Interest expense relating to debt discount and conversion feature 2,069,649 - 2,069,649 Unrealized foreign currency translation gain (loss) 302,112 - 302,112 (Profit) / Loss on Extinguishment of Debt 2,005,100 - 2,005,100 Changes in operating assets and liabilities: Decrease (increase) in restricted cash 1,052,257 - 1,052,257 Decrease (increase) in accounts receivable (82,763 ) 882,032 799,269 Decrease (increase) in prepaid expenses, deposits and other assets (465,026 ) - (465,026 ) Increase (decrease) in accounts payable and customer deposits (3,415,032 ) - (3,415,032 ) Increase (decrease) in deferred revenue (118,786 ) 2,493,424 2,374,638 Increase (decrease) in accrued expenses and other payables 140,514 - 140,514 Net cash provided by (used in) operating activities (5,967,686 ) - (5,967,686 ) CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of property and equipment (5,898,169 ) - (5,898,169 ) Loan to third party (163,542 ) - (163,542 ) Net cash used in investing activities (6,061,711 ) - (6,061,711 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from 12 1,290,790 - 1,290,790 Proceeds from Share Purchase Agreement – Unregistered securities 225,000 - 225,000 Proceeds from Share Purchase Agreement - Registered direct 7,500,000 - 7,500,000 Proceeds from Share Purchase Agreement Related Party 4,500,000 - 4,500,000 Proceeds from 10 2,652,600 - 2,652,600 Proceeds from 10 3 5,305,200 - 5,305,200 Payments on 8 (8,642,149 ) - (8,642,149 ) Exercise of warrants & options 581,142 - 581,142 Cash from Escrow account for principal and interest payments on 8 742,427 - 742,427 Trade note payable (512,732 ) - (512,732 ) Payment of placement & solicitation fees (1,362,124 ) - (1,362,124 ) Net cash provided by financing activities 12,280,154 - 12,280,154 EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS (231,710 ) - (231,710 ) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 19,047 - 19,047 CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD 1,233,268 - 1,233,268 CASH AND CASH EQUIVALENTS, END OF THE PERIOD $ 1,252,315 $ - 1,252,315 SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: Cash paid during the period for interest $ 745,096 $ - $ 745,096 Increase in Share Capital due to Telnicity Acquisition 1,180,000 - 1,180,000 Increase in Share Capital for third party settlement 468,000 - 468,000 Cash paid during the period for income taxes 45,930 - 45,930 Purchase of property and equipment under capital lease agreements 2,620,182 - 2,620,182 September 30, Restatement September 30, 2014 adjustment 2014 (UNAUDITED) Unaudited Unaudited Restated ASSETS CURRENT ASSETS Cash and cash equivalents $ 1,176,650 $ - $ 1,176,650 Restricted cash 169,536 - 169,536 Accounts receivable, net of an allowance for doubtful accounts of $ 0 6,754,447 (907,023 ) 5,847,424 Prepaid expenses and other current assets 2,319,310 - 2,319,310 Total current assets 10,419,943 (907,023 ) 9,512,920 NON-CURRENT ASSETS OTHER ASSETS 1,093,977 - 1,093,977 PROPERTY AND EQUIPMENT, NET 19,603,707 - 19,603,707 INTANGIBLE ASSETS, NET 6,000,884 - 6,000,884 GOODWILL 3,490,242 - 3,490,242 TOTAL ASSETS $ 40,608,753 $ (907,023 ) $ 39,701,730 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Overdraft $ 425,144 $ - $ 425,144 Accounts payable and customer deposits 2,063,304 - 2,063,304 Obligations under capital leases (current portion) 1,828,083 - 1,828,083 Deferred Revenue 127,456 468,256 595,712 Accrued expenses and other payables 5,804,999 - 5,804,999 Loans payable 961,550 - 961,550 Total current liabilities 11,210,536 468,256 11,678,792 LONG TERM LIABILITIES 2013 10 3 410,853 4,663,227 - 4,663,227 Warrant liabilities 2,248,169 - 2,248,169 Non-current portion of obligation under capital leases 261,912 - 261,912 Non-current portion of deferred revenue - 7,788,843 7,788,843 Total long term liabilities 7,173,308 7,788,843 14,962,151 Total liabilities 18,383,844 8,257,099 26,640,943 Commitments and Contingencies STOCKHOLDERS' EQUITY Preferred Stock $ 0.00001 50,000,000 0 - - - Common Stock $ 0.00001 250,000,000 151,312,189 260,616,570 - 260,616,570 Accumulated other comprehensive income (loss) (2,003,871 ) - (2,003,871 ) Accumulated deficit (236,521,852 ) (9,164,122 ) (245,685,974 ) Elephant Talk Communications, Corp. stockholders' equity 22,090,847 (9,164,122 ) 12,926,725 NON-CONTROLLING INTEREST 134,062 - 134,062 Total stockholders' equity 22,224,909 (9,164,122 ) 13,060,787 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 40,608,753 $ (907,023 ) $ 39,701,730 For the three month Restatement adjustments Re- classifications Restated For the nine month period ended September 30, 2014 Restatement adjustments Re- classifications Restated (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) REVENUES $ 7,298,988 $ (2,853,749 ) $ - $ 4,445,239 $ 20,690,609 $ (5,788,665 ) $ - $ 14,901,944 COST AND OPERATING EXPENSES Cost of service (exclusive of depreciation and amortization shown separately below) 848,771 - 716,283 1,565,054 2,660,816 - 2,388,897 5,049,713 Product development - - 1,707,102 1,707,102 - - 5,699,451 5,699,451 Sales and marketing - - 555,519 555,519 - - 1,784,161 1,784,161 General and administrative 6,227,147 - (2,978,904 ) 3,248,243 19,636,038 - (9,872,509 ) 9,763,529 Depreciation and amortization 1,900,251 - - 1,900,251 5,836,857 - - 5,836,857 Total cost and operating expenses 8,976,169 - - 8,976,169 28,133,711 - - 28,133,711 LOSS FROM OPERATIONS (1,677,181 ) (2,853,749 ) - (4,530,930 ) (7,443,102 ) (5,788,665 ) - (13,231,767 ) OTHER INCOME (EXPENSE) Interest income 36,684 - - 36,684 93,840 - - 93,840 Interest expense (260,295 ) - - (260,295 ) (895,453 ) - - (895,453 ) Interest expense related to debt discount and conversion feature (1,287,717 ) - - (1,287,717 ) (3,197,749 ) - - (3,197,749 ) Changes in fair value of warrant liabilities (103,311 ) - - (103,311 ) (274,635 ) - - (274,635 ) Gain / (Loss) on Extinguishment of Debt 626,534 - - 626,534 626,108 - - 626,108 Other income & (expense), net 301,199 - - 301,199 372,597 - - 372,597 Amortization of deferred financing costs (73,789 ) - - (73,789 ) (323,246 ) - - (323,246 ) Total other income (expense) (760,695 ) - - (760,695 ) (3,598,538 ) - - (3,598,538 ) LOSS BEFORE (BENEFIT) PROVISION FOR INCOME TAXES (2,437,876 ) (2,853,749 ) - (5,291,625 ) (11,041,640 ) (5,788,665 ) - (16,830,305 ) (Benefit) / provision for income taxes (44,938 ) - - (44,938 ) 88,290 - - 88,290 NET LOSS (2,392,938 ) (2,853,749 ) - (5,246,687 ) (11,129,930 ) (5,788,665 ) - (16,918,595 ) OTHER COMPREHENSIVE (LOSS) INCOME Foreign currency translation gain (loss) (2,273,740 ) - - (2,273,740 ) (2,424,192 ) - - (2,424,192 ) COMPREHENSIVE LOSS $ (4,666,678 ) $ (2,853,749 ) $ - $ (7,520,427 ) $ (13,554,122 ) $ (5,788,665 ) $ - $ (19,342,787 ) Net loss per common share and equivalents - basic and diluted $ (0.02 ) $ - $ - $ (0.04 ) $ (0.08 ) $ - $ - $ (0.12 ) Weighted average shares outstanding during the period - basic and diluted 149,468,618 - - 149,468,618 145,929,455 - - 145,929,455 Nine ended September 30, 2014 Restatement Restated Unaudited Unaudited CASH FLOWS FROM OPERATING ACTIVITIES: Net loss $ (11,129,930 ) $ (5,788,665 ) $ (16,918,595 ) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization 5,836,857 - 5,836,857 Provision for doubtful accounts (10,661 ) - (10,661 ) Provision for income taxes - - - Stock based compensation 3,536,680 - 3,536,680 Change in fair value of conversion feature - - - Change in fair value of warrant liability 274,635 - 274,635 Amortization of deferred financing costs 323,246 - 323,246 Interest expense relating to debt discount and conversion feature 3,197,749 - 3,197,749 Unrealized foreign currency translation gain (loss) (501,571 ) - (501,571 ) Extinguishment of Debt (626,108 ) - (626,108 ) Changes in operating assets and liabilities: - - Decrease (increase) in accounts receivable (1,366,947 ) 21,669 (1,345,278 ) Decrease (increase) in prepaid expenses, deposits and other assets (101,971 ) - (101,971 ) Increase (decrease) in accounts payable and customer deposits 362,685 - 362,685 Increase (decrease) in deferred revenue (11,931 ) 5,766,996 5,755,065 Increase (decrease) in accrued expenses and other payables 1,493,594 - 1,493,594 Increase (decrease) in non-cash accrued expenses related to extinguishment of Debt (426 ) - Net cash provided by (used in) operating activities 1,275,901 - 1,275,901 CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of property and equipment (5,611,023 ) - (5,611,023 ) Loan to third party - - - Net cash used in investing activities (5,611,023 ) - (5,611,023 ) CASH FLOWS FROM FINANCING ACTIVITIES: Financing related fees (125,793 ) - (125,793 ) Payments on 8 - - - Exercise of warrants and options 4,286,576 - 4,286,576 Interest paid for property and equipment acquired under capital leases (57,079 ) - (57,079 ) Net cash provided by financing activities 4,103,704 - 4,103,704 EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS 155,753 - 155,753 NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (75,665 ) - (75,665 ) CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD 1,252,315 - 1,252,315 CASH AND CASH EQUIVALENTS, END OF THE PERIOD $ 1,176,650 $ - $ 1,176,650 June 30, June 30, 2014 2014 (UNAUDITED) restatement Unaudited Restated Unaudited ASSETS CURRENT ASSETS Cash and cash equivalents $ 829,388 $ - $ 829,388 Restricted cash 191,703 - 191,703 Accounts receivable, net of allowance for doubtful accounts of $ 29,547 8,223,963 (1,299,207 ) 6,924,756 Prepaid expenses and other current assets 2,619,882 - 2,619,882 Total current assets 11,864,936 (1,299,207 ) 10,565,729 NON-CURRENT ASSETS OTHER ASSETS 1,288,246 - 1,288,246 PROPERTY AND EQUIPMENT, NET 20,711,832 - 20,711,832 INTANGIBLE ASSETS, NET 7,122,940 - 7,122,940 GOODWILL 3,740,646 - 3,740,646 TOTAL ASSETS $ 44,728,600 $ (1,299,207 ) $ 43,429,393 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Overdraft $ 413,958 $ - $ 413,958 Accounts payable and customer deposits 2,305,933 - 2,305,933 Obligations under capital leases (current portion) 1,898,346 - 1,898,346 Deferred revenue 163,848 468,256 632,104 Accrued expenses and other payables 6,592,945 - 6,592,945 Loans payable 963,051 - 963,051 Total current liabilities 12,338,081 468,256 12,806,337 LONG TERM LIABILITIES 10 3 518,463 4,940,798 - 4,940,798 10 17,786 2,711,844 - 2,711,844 Warrant liabilities 2,144,858 - 2,144,858 Non-current portion of obligation under capital leases 487,728 - 487,728 Non-current portion of deferred revenue - 4,542,910 4,542,910 Loan from joint venture partner 626,534 - 626,534 Total long term liabilities 10,911,762 4,542,910 15,454,672 Total liabilities 23,249,843 5,011,166 28,261,009 Commitments and Contingencies STOCKHOLDERS' EQUITY Preferred Stock $ 0.00001 50,000,000 0 - - - Common Stock $ 0.00001 250,000,000 146,525,302 255,328,306 - 255,328,306 Accumulated other comprehensive income 121,636 - 121,636 Accumulated deficit (234,115,159 ) (6,310,373 ) (240,425,532 ) Elephant Talk Communications, Corp. stockholders' equity 21,334,783 (6,310,373 ) 15,024,410 NON-CONTROLLING INTEREST 143,974 - 143,974 Total stockholders' equity 21,478,757 (6,310,373 ) 15,168,384 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 44,728,600 $ (1,299,207 ) $ 43,429,393 For the three For the six period ended period ended June 30, 2014 Restatement adjustments Re- classifications Restated June 30, 2014 Restatement adjustments Re- classifications Restated (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) (unaudited) REVENUES $ 6,911,768 (1,839,328 ) $ - $ 5,072,440 $ 13,391,621 (2,934,916 ) $ - $ 10,456,705 COST AND OPERATING EXPENSES Cost of service 828,581 - 1,020,106 1,848,687 1,812,045 - 1,672,614 3,484,659 Product development - - 2,280,532 2,280,532 - 3,992,349 3,992,349 Sales and marketing - - 664,807 664,807 - 1,228,642 1,228,642 General and administrative 7,432,784 - (3,965,446 ) 3,467,338 13,408,891 - (6,893,605 ) 6,515,286 Depreciation and amortization 1,928,392 - - 1,928,392 3,936,606 - - 3,936,606 Total cost and operating expenses 10,189,757 - - 10,189,757 19,157,542 - - 19,157,542 LOSS FROM OPERATIONS (3,277,989 ) (1,839,328 ) - (5,117,317 ) (5,765,921 ) (2,934,916 ) - (8,700,837 ) OTHER INCOME (EXPENSE) Interest income 29,545 - - 29,545 57,156 - - 57,156 Interest expense (333,214 ) - - (333,214 ) (635,158 ) - - (635,158 ) Interest expense related to debt discount and conversion feature (1,025,292 ) - - (1,025,292 ) (1,910,032 ) - - (1,910,032 ) Changes in fair value of warrant liabilities 38,948 - - 38,948 (171,324 ) - - (171,324 ) Loss on Extinguishment of Debt - - - - (426 ) - - (426 ) Other income and (expense), net 68,008 - - 68,008 71,398 - - 71,398 Amortization of deferred financing costs (113,090 ) - - (113,090 ) (249,457 ) - - (249,457 ) Total other income (expense) (1,335,095 ) - - (1,335,095 ) (2,837,843 ) - - (2,837,843 ) LOSS BEFORE (BENEFIT) PROVISION FOR INCOME TAXES (4,613,084 ) (1,839,328 ) - (6,452,412 ) (8,603,764 ) (2,934,916 ) - (11,538,680 ) Provision (benefit) for income taxes (2,209 ) - - (2,209 ) 133,228 - - 133,228 NET LOSS (4,610,875 ) (1,839,328 ) - (6,450,203 ) (8,736,992 ) (2,934,916 ) - (11,671,908 ) OTHER COMPREHENSIVE (LOSS) INCOME Foreign currency translation loss (148,233 ) - - (148,233 ) (150,452 ) - - (150,452 ) COMPREHENSIVE LOSS $ (4,759,108 ) (1,839,328 ) $ - $ (6,598,436 ) $ (8,887,444 ) (2,934,916 ) $ - $ (11,822,360 ) Net loss per common share and equivalents - basic and diluted $ (0.03 ) - $ - $ (0.04 ) $ (0.06 ) - $ - $ (0.08 ) Weighted average shares outstanding during the period - basic and diluted 146,482,547 - - 146,482,547 144,130,543 - - 144,130,543 For the six ended June 30, 2014 restatement Restated Unaudited Unaudited CASH FLOWS FROM OPERATING ACTIVITIES: Net loss $ (8,736,992 ) $ (2,934,916 ) $ (11,671,908 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 3,936,606 - 3,936,606 Provision for doubtful accounts 18,865 - 18,865 Share-based compensation 2,674,261 - 2,674,261 Change in the fair value of the warrant liability 171,324 - 171,324 Amortization of deferred financing costs 249,457 - 249,457 Interest expense relating to debt discount and conversion feature 1,910,032 - 1,910,032 Unrealized foreign currency translation gain/(loss) (71,398 ) - (71,398 ) (Profit)/Loss on Extinguishment of Debt - - 426 Changes in operating assets and liabilities, net of acquired assets and assumed liabilities: Decrease (increase) in accounts receivable (2,329,143 ) 414,819 (1,914,324 ) Decrease (increase) in prepaid expenses, deposits and other assets (346,129 ) - (346,129 ) Increase (decrease) in accounts payable, proceeds from related parties and customer deposits 210,932 - 210,932 Increase (decrease) in deferred revenue 16,994 2,552,097 2,537,091 Increase (decrease) in accrued expenses and other payables 1,910,256 - 1,909,830 Net cash provided by (used in) operating activities (384,935 ) - (384,935 ) CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of Property and Equipment (3,922,724 ) - (3,922,724 ) Net cash used in investing activities (3,922,724 ) - (3,922,724 ) CASH FLOWS FROM FINANCING ACTIVITIES: Fundraising fees (90,000 ) - (90,000 ) Exercise of warrants and Options 4,283,033 - 4,283,033 Net cash provided by financing activities 4,193,033 - 4,193,033 EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS (308,301 ) - (308,301 ) NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS (422,927 ) - (422,927 ) CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD 1,252,315 - 1,252,315 CASH AND CASH EQUIVALENTS, END OF THE PERIOD $ 829,388 $ - $ 829,388 March 31, March 31, 2014 2014 (UNAUDITED) restatement Restated Unaudited Unaudited ASSETS CURRENT ASSETS Cash and cash equivalents $ 3,918,046 $ - $ 3,918,046 Restricted cash 192,161 - 192,161 Accounts receivable, net of allowance for doubtful accounts of $ 11,307 6,262,041 (1,228,374 ) 5,033,667 Prepaid expenses and other current assets 2,147,686 - 2,147,686 Total current assets 12,519,934 (1,228,374 ) 11,291,560 NON-CURRENT ASSETS OTHER ASSETS 1,357,728 - 1,357,728 PROPERTY AND EQUIPMENT, NET 19,954,703 - 19,954,703 INTANGIBLE ASSETS, NET 7,903,149 - 7,903,149 GOODWILL 3,769,199 - 3,769,199 TOTAL ASSETS $ 45,504,713 $ (1,228,374 ) $ 44,276,339 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Overdraft $ 402,234 $ - $ 402,234 Accounts payable and customer deposits 2,419,325 - 2,419,325 Obligations under capital leases (current portion) 1,348,705 - 1,348,705 Deferred revenue 203,623 468,256 671,879 Accrued expenses and other payables 5,936,989 - 5,936,989 Loans payable 962,269 - 962,269 10 937,814 1,812,506 - 1,812,506 Total current liabilities 13,085,651 468,256 13,553,907 LONG TERM LIABILITIES 10 3 623,726 4,876,914 - 4,876,914 Warrant liabilities 2,183,806 - 2,183,806 Non-current portion of obligation under capital leases 465,954 - 465,954 Non-current portion of deferred revenue - 2,774,415 2,774,415 Loan from joint venture partner 614,169 - 614,169 Total long term liabilities 8,140,843 2,774,415 10,915,258 Total liabilities 21,226,494 3,242,671 24,469,165 Commitments and Contingencies STOCKHOLDERS' EQUITY Preferred Stock $ 0.00001 50,000,000 0 - - - Common Stock $ 0.00001 250,000,000 146,364,577 253,383,860 - 253,383,860 Accumulated other comprehensive income 267,650 - 267,650 Accumulated deficit (229,518,039 ) (4,471,045 ) (233,989,084 ) Elephant Talk Communications, Corp. stockholders' equity 24,133,471 (4,471,045 ) 19,662,426 NON-CONTROLLING INTEREST 144,748 - 144,748 Total stockholders' equity 24,278,219 (4,471,045 ) 19,807,174 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 45,504,713 $ (1,228,374 ) $ 44,276,339 March 31, 2014 Restatement adjustments Re-classifications Restated (unaudited) (unaudited) (unaudited) (unaudited) REVENUES $ 6,479,853 $ (1,095,588 ) $ - $ 5,384,265 COST AND OPERATING EXPENSES Cost of service 983,464 - 652,508 1,635,972 Product development - - 1,711,817 1,711,817 Sales and marketing - - 563,835 563,835 General and administrative 5,976,107 - (2,928,159 ) 3,047,948 Depreciation and amortization 2,008,214 - - 2,008,214 Total cost and operating expenses 8,967,785 - - 8,967,785 LOSS FROM OPERATIONS (2,487,932 ) (1,095,588 ) - (3,583,520 ) OTHER INCOME (EXPENSE) Interest income 27,611 - - 27,611 Interest expense (301,944 ) - - (301,944 ) Interest expense related to Debt Discount and Conversion Feature (884,740 ) - - (884,740 ) Change in fair value of warrant liabilities (210,272 ) - - (210,272 ) Loss on extinguishment of debt (426 ) - - (426 ) Other income and (expense) 3,390 - - 3,390 Amortization of deferred financing costs (136,367 ) - - (136,367 ) Total other income (expense) (1,502,748 ) - - (1,502,748 ) LOSS BEFORE PROVISION FOR INCOME TAXES (3,990,680 ) (1,095,588 ) - (5,086,268 ) Provision for income taxes (135,437 ) - - (135,437 ) NET LOSS (4,126,117 ) (1,095,588 ) - (5,221,705 ) OTHER COMPREHENSIVE (LOSS) INCOME Foreign currency translation (loss) (2,219 ) - - (2,219 ) COMPREHENSIVE LOSS $ (4,128,336 ) (1,095,588 ) $ - $ (5,223,924 ) Net loss per common share and equivalents - basic and diluted $ (0.03 ) - $ - $ (0.04 ) Weighted average shares outstanding during the period - basic and diluted 141,752,128 - - 141,752,128 For the three months ended ended March 31, 2014 restatement Restated Unaudited Unaudited CASH FLOWS FROM OPERATING ACTIVITIES: Net loss $ (4,126,117 ) $ (1,095,588 ) $ (5,221,705 ) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation and amortization 2,008,214 - 2,008,214 Provision for doubtful accounts 611 - 611 Stock based compensation 771,724 - 771,724 Changes in the fair value of the conversion feature - - - Change in the fair value of the warrant liability 210,272 - 210,272 Amortization of deferred financing costs 136,367 - 136,367 Interest expense relating to debt discount and conversion feature 884,740 - 884,740 Unrealized foreign currency translation gain/(loss) (3,390 ) - (3,390 ) (Profit)/Loss on Extinguishment of debt - - 426 Changes in operating assets and liabilities, net of acquired assets and assumed liabilities: Decrease (increase) in accounts receivable (293,435 ) (345,973 ) (52,538 ) Decrease (increase) in prepaid expenses, deposits and other assets 165,627 - 165,627 Increase (decrease) in accounts payable, proceeds from related parties and customer deposits 319,553 - 319,553 Increase (decrease) in deferred revenue 59,946 749,615 809,561 Increase (decrease) in accrued expenses and other payables 643,707 - 643,281 Net cash provided by (used in) operating activities 777,819 - 777,819 CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of Property and Equipment (1,802,951 ) - (1,802,951 ) Net cash used in investing activities (1,802,951 ) - (1,802,951 ) CASH FLOWS FROM FINANCING ACTIVITIES: Financing related fees (90,000 ) - (90,000 ) Exercise of warrants and Options 4,093,480 - 4,093,480 Net cash provided by financing activities 4,003,480 - 4,003,480 EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS (312,617 ) - (312,617 ) NET INCREASE/(DECREASE) IN CASH AND CASH EQUIVALENTS 2,665,731 - 2,665,731 CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD 1,252,315 - 1,252,315 CASH AND CASH EQUIVALENTS, END OF THE PERIOD $ 3,918,046 $ - $ 3,918,046 September 30, September 30, 2013 restatement 2013 (UNAUDITED) Unaudited Restated Unaudited ASSETS CURRENT ASSETS Cash and cash equivalents $ 6,085,215 $ - $ 6,085,215 Restricted cash 495,983 - 495,983 Accounts receivable, net of allowance for doubtful accounts of $ 25,225 559,120 4,173,398 (978,579 ) 3,194,819 Prepaid expenses and other current assets 2,531,602 - 2,531,602 Total current assets 13,286,198 (978,579 ) 12,307,619 NON-CURRENT ASSETS OTHER ASSETS 1,382,857 - 1,382,857 PROPERTY AND EQUIPMENT, NET 18,663,407 - 18,663,407 INTANGIBLE ASSETS, NET 9,412,581 - 9,412,581 GOODWILL 3,707,903 - 3,707,903 TOTAL ASSETS $ 46,452,946 $ (978,579 ) $ 45,474,367 LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Overdraft $ 380,550 $ - $ 380,550 Accounts payable and customer deposits 4,905,101 - 4,905,101 Deferred Revenue 428,473 - 428,473 Accrued expenses and other payables 5,816,271 - 5,816,271 Loans payable 962,418 - 962,418 10 2,385,206) 267,393 - 267,393 Total current liabilities 12,760,206 - 12,760,206 LONG TERM LIABILITIES 10 3 827,421) 4,477,780 - 4,477,780 Warrant liabilities 4,116,480 - 4,116,480 Trade note payable 593,903 - 593,903 Non-current portion of deferred revenue - 1,888,891 1,888,891 Loan from joint venture partner 590,165 - 590,165 Total long term liabilities 9,778,328 1,888,891 11,667,219 Total liabilities 22,538,534 1,888,891 24,427,425 Commitments and Contingencies STOCKHOLDERS' EQUITY Preferred Stock $ 0.00001 50,000,000 0 - - - Common stock, .00001 250,000,000 134,440,221 243,294,324 - 243,294,324 Accumulated other comprehensive income (loss) (242,647 ) - (242,647 ) Accumulated deficit (219,316,384 ) (2,867,470 ) (222,183,854 ) Elephant Talk Communications, Corp. stockholders' equity 23,735,293 (2,867,470 ) 20,867,823 NON-CONTROLLING INTEREST 179,119 - 179,119 Total stockholders' equity 23,914,412 (2,867,470 ) 21,046,942 TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 46,452,946 $ (978,579 ) $ 45,474,367 For the Three For the Nine Period ended Period ended September 30, 2013 Restatement Re- Restated September 30, 2013 Restatement Re- Restated (uaudited) (uaudited) (uaudited) (uaudited) (uaudited) (uaudited) (uaudited) (uaudited) REVENUES $ 5,204,982 $ (1,081,188 ) $ - $ 4,123,794 $ 16,795,627 $ (2,867,470 ) $ - $ 13,928,157 COST AND OPERATING EXPENSES Cost of service 1,080,174 - 468,402 1,548,576 6,093,968 - 1,560,310 7,654,278 Product development - - 1,354,105 1,354,105 - - 4,523,208 4,523,208 Sales and marketing - - 623,644 623,644 - - 2,229,013 2,229,013 General and administrative 5,442,869 - (2,446,151 ) 2,996,718 18,823,614 - (8,312,530 ) 10,511,083 Depreciation and amortization 1,543,687 - - 1,543,687 4,699,906 - - 4,699,906 Total cost and operating expenses 8,066,730 - - 8,066,730 29,617,488 - - 29,617,488 LOSS FROM OPERATIONS (2,861,748 ) (1,081,188 ) - (3,942,936 ) (12,821,861 ) (2,867,470 ) - (15,689,331 ) OTHER INCOME (EXPENSE) Interest income 33,773 - - 33,773 89,020 - - 89,020 Interest expense (181,074 ) - - (181,074 ) (612,970 ) - - (612,970 ) Interest expense related to debt discount and conversion feature (259,795 ) - - (259,795 ) (1,320,795 ) - - (1,320,795 ) Change in fair value of conversion feature - - - - 232,267 - - 232,267 Loss on Extinguishment of Debt (44,506 ) - - (44,506 ) (1,983,103 ) - - (1,983,103 ) Changes in fair value of warrant liabilities 173,333 - - 173,333 519,349 - - 519,349 Amortization of deferred financing costs (44,076 ) - - (44,076 ) (116,482 ) - - (116,482 ) Total other income (expense) (322,345 ) - - (322,345 ) (3,192,714 ) - - (3,192,714 ) LOSS BEFORE PROVISION FOR INCOME TAXES (3,184,093 ) (1,081,188 ) - (4,265,281 ) (16,014,575 ) (2,867,470 ) - (18,882,045 ) Provision for income taxes 41,500 - - 41,500 41,500 41,500 NET LOSS (3,225,593 ) (1,081,188 ) - (4,306,781 ) (16,056,075 ) (2,867,470 ) - (18,923,545 ) OTHER COMPREHENSIVE (LOSS) INCOME Foreign currency translation gain (loss) 489,443 - - 489,443 (807,208 ) - - (807,208 ) 489,443 - - 489,443 (807,208 ) - - (807,208 ) COMPREHENSIVE LOSS $ (2,736,150 ) $ (1,081,188 ) $ - $ (3,817,338 ) $ (16,863,283 ) $ (2,867,470 ) $ - $ (19,730,753 ) Net loss per common share and equivalents - basic and diluted $ (0.02 ) $ - $ - $ (0.03 ) $ (0.13 ) $ - $ - $ (0.16 ) Weighted average shares outstanding during the period - basic and diluted 134,440,221 - - 134,440,221 122,038,045 - - 122,038,045 For the nine ended September 30, 2013 restatement Restated Unaudited Unaudited CASH FLOWS FROM OPERATING ACTIVITIES: Net loss $ (16,056,076 ) $ (2,867,470 ) $ (18,923,546 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation and amortization 4,699,906 - 4,699,906 Provision for doubtful accounts 22,131 - 22,131 Provision for income taxes 41,500 - 41,500 Stock based compensation 5,639,124 - 5,639,124 Change in fair value of derivative instruments 2,668,764 - 2,668,764 Financial Investments in Joint Venture - - Changes in operating assets and liabilities, net of acquired assets and assumed liabilities: - Decrease (increase) in accounts receivable 1,054,452 978,579 2,033,031 Decrease (increase) in prepaid expenses, deposits and other assets (666,991 ) - (666,991 ) Increase (decrease) in accounts payable, proceeds from related parties and customer deposits (2,030,393 ) - (2,030,393 ) Increase (decrease) in deferred revenue 177,635 1,888,891 2,066,526 Increase (decrease) in accrued expenses and other payables 1,859,634 - 1,859,634 Increase (decrease) in non-cash accrued expenses related to extinguishment of Debt (890,997 ) - (890,997 ) Net cash used in operating activities (3,481,311 ) - (3,481,311 ) CASH FLOWS FROM INVESTING ACTIVITIES: Purchases of property and equipment (4,108,507 ) - (4,108,507 ) Loan to third party (125,000 ) - (125,000 ) Net cash used in investing activities (4,233,507 ) - (4,233,507 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from 12 1,290,790 - 1,290,790 Proceeds from Share Purchase Agreement - Unregistered securities 225,000 - 225,000 Proceeds from Share Purchase Agreement - Registered direct 7,500,000 - 7,500,000 Proceeds from Share Purchase Agreement Related Party 4,500,000 - 4,500,000 Proceeds from 10 2,652,600 - 2,652,600 Proceeds from 10 3 5,305,200 - 5,305,200 Fundraise fees (1,362,124 ) - (1,362,124 ) Payments on 8 (8,490,360 ) - (8,490,360 ) Exercise of warrants & options 78,971 - 78,971 Cash from Escrow account for principal and interest payments on 8 742,427 - 742,427 Net cash provided by financing activities 12,442,504 - 12,442,504 EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS 124,261 - 124,261 NET INCREASE IN CASH AND CASH EQUIVALENTS 4,851,947 - 4,851,947 CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD 1,233,268 - 1,233,268 CASH AND CASH EQUIVALENTS, END OF THE PERIOD $ 6,085,215 $ - $ 6,085,215 June 30, June 30, 2013 restatement 2013 (restated) Unaudited Restated Unaudited ASSETS CURRENT ASSETS Cash and cash equivalents $ 2,979,673 $ - $ 2,979,673 Restricted cash 483,120 - 483,120 Ac

Business and Summary of Signi66

Business and Summary of Significant Accounting Policies (Principles of Consolidation) (Details)	Dec. 31, 2014
Elephant Talk Europe Holding B.V. [Member]
Noncontrolling Interest [Line Items]
Non-controlling Interest %	99.998%
Elephant Talk Communications PRS U.K. Limited [Member]
Noncontrolling Interest [Line Items]
Non-controlling Interest %	51.00%
Elephant Talk United Telecommunication Services N.V. [Member]
Noncontrolling Interest [Line Items]
Non-controlling Interest %	51.00%
Elephant Talk Communications Premium Rate Services Netherlands B.V. [Member]
Noncontrolling Interest [Line Items]
Non-controlling Interest %	51.00%
Elephant Talk Middle East & Africa (Holding) W.L.L. [Member]
Noncontrolling Interest [Line Items]
Non-controlling Interest %	100.00%
Elephant Talk Middle East & Africa (Holding) Jordan L.L.C. [Member]
Noncontrolling Interest [Line Items]
Non-controlling Interest %	100.00%
Elephant Talk Middle East & Africa Bahrain W.L.L. [Member]
Noncontrolling Interest [Line Items]
Non-controlling Interest %	99.00%
Elephant Talk Middle East & Africa FZ-LLC [Member]
Noncontrolling Interest [Line Items]
Non-controlling Interest %	50.54%
Elephant Talk Telecomunicacao do Brasil LTDA [Member] | Elephant Talk Europe Holding B.V. [Member]
Noncontrolling Interest [Line Items]
Non-controlling Interest %	90.00%
Elephant Talk Telecomunicacao do Brasil LTDA [Member] | Elephant Talk Communication Holding AG [Member]
Noncontrolling Interest [Line Items]
Non-controlling Interest %	10.00%
Elephant Talk France S.A.S. [Member]
Noncontrolling Interest [Line Items]
Non-controlling Interest %	100.00%
Asesores Profesionales ETAK S. de RL. de C.V [Member]
Noncontrolling Interest [Line Items]
Non-controlling Interest %	99.00%

Business and Summary of Signi67

Business and Summary of Significant Accounting Policies (Additional Information) (Details)	1 Months Ended	3 Months Ended																6 Months Ended		9 Months Ended		12 Months Ended
	Jan. 31, 2015USD ($)	Dec. 31, 2014USD ($)item		Sep. 30, 2014USD ($)		Jun. 30, 2014USD ($)		Mar. 31, 2014USD ($)		Dec. 31, 2013USD ($)		Sep. 30, 2013USD ($)		Jun. 30, 2013USD ($)		Mar. 31, 2013USD ($)		Jun. 30, 2014USD ($)	Jun. 30, 2013USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2013USD ($)	Dec. 31, 2014USD ($)item	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)	Dec. 31, 2014EUR (€)item	Nov. 17, 2014USD ($)	Dec. 31, 2013EUR (€)	Aug. 28, 2013EUR (€)	Dec. 31, 2011USD ($)
Summary Of Significant Accounting Policies [Line Items]
Net losses		$ (4,943,322)	[1]	$ (5,246,687)	[1]	$ (6,450,203)	[1]	$ (5,221,705)	[1]	$ (6,583,527)	[1]	$ (4,306,781)	[1]	$ (9,122,457)	[1]	$ (5,494,308)	[1]	$ (11,671,908)	$ (14,616,765)	$ (16,918,595)	$ (18,923,545)	$ (21,861,917)	$ (25,507,072)	$ (23,131,936)
Net cash (used in) operating activities								777,819								(302,811)		(384,935)	(1,089,581)	1,275,901	(3,481,311)	(2,102,935)	(5,967,686)	(8,799,272)
Accumulated deficit		(250,629,296)		(245,685,974)		(240,425,532)		(233,989,084)		(228,767,379)		(222,183,854)		(217,877,073)		(208,754,616)		(240,425,532)	(217,877,073)	(245,685,974)	(222,183,854)	(250,629,296)	(228,767,379)
Cash and cash equivalents		1,904,160		1,176,650		829,388		3,918,046		$ 1,252,315		6,085,215		2,979,673		570,579		829,388	2,979,673	1,176,650	6,085,215	1,904,160	$ 1,252,315	$ 1,233,268					$ 6,009,576
Financing Receivable withold amount		2,000,000																				2,000,000
Proceeds from financing	$ 2,000,000
Restricted cash		$ 312,935		$ 169,536		$ 191,703		$ 192,161		$ 191,600		$ 495,983		$ 483,120		$ 664,679		$ 191,703	$ 483,120	$ 169,536	$ 495,983	$ 312,935	$ 191,600
Number of customer | item		1																				1			1
Options granted vesting period																						3 years
Number of service offerings for revenues recognition | item																						2
Iusacell [Member]
Summary Of Significant Accounting Policies [Line Items]
Loss of monthly billings		$ 1,000,000
Accounts Receivable [Member] | Iusacell [Member]
Summary Of Significant Accounting Policies [Line Items]
Concentration risk percentage																						72.00%
Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Expected useful lives of intangible assets																						3 years
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Expected useful lives of intangible assets																						10 years
Term Loan 2014 [Member]
Summary Of Significant Accounting Policies [Line Items]
Debt instrument, principal amount																										$ 12,000,000
Debt instrument, principal amount																										$ 10,000,000
Debt, interest rate		10.00%																				10.00%			10.00%	10.00%
Convertible Note Two [Member]
Summary Of Significant Accounting Policies [Line Items]
Debt instrument, principal amount | €																												€ 4,000,000
Debt instrument, principal amount										$ 5,506,608													$ 5,506,608				€ 4,000,000
Debt instrument repurchased		$ 3,114,066																				$ 3,114,066			€ 2,498,849
Debt, interest rate		10.00%																				10.00%			10.00%			10.00%
Subsequent Event [Member]
Summary Of Significant Accounting Policies [Line Items]
Proceeds from financing receivable	$ 2,000,000
[1]	items restated

Business and Summary of Signi68

Business and Summary of Significant Accounting Policies (Research and Development Expense and Fair Value Measurements) (Details)

3 Months Ended

6 Months Ended

9 Months Ended

12 Months Ended

Dec. 31, 2014USD ($)$ / shares

Sep. 30, 2014USD ($)

[1]

Jun. 30, 2014USD ($)

[1]

Mar. 31, 2014USD ($)

[1]

Dec. 31, 2013USD ($)

[1]

Sep. 30, 2013USD ($)

[1]

Jun. 30, 2013USD ($)

[1]

Mar. 31, 2013USD ($)

Jun. 30, 2014USD ($)

Jun. 30, 2013USD ($)

Sep. 30, 2014USD ($)

Sep. 30, 2013USD ($)

Dec. 31, 2014USD ($)segment$ / shares

Dec. 31, 2013USD ($)

Dec. 31, 2012USD ($)

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

Product development costs

$ 1,529,212

[1]

$ 1,707,102

$ 2,280,532

$ 1,711,817

$ 1,568,276

$ 1,354,105

$ 1,819,480

$ 1,349,623

[1]

$ 3,992,349

$ 3,169,103

$ 5,699,451

$ 4,523,208

$ 7,228,663

$ 6,091,484

$ 6,803,509

Capitalized Computer Software, Additions

$ 3,505,742

$ 4,674,199

$ 3,505,742

$ 1,731,341

Number of Reportable Segments | segment

1

Derivative Financial Instruments, Liabilities [Member]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

Fair Value Assumptions, Expected Volatility Rate

135.00%

Fair Value Assumptions, Expected Term

5 years

Fair Value Assumptions, Expected Dividend Rate

0.00%

Fair Value Assumptions, Exercise Price | $ / shares

$ 0.887

$ 0.887

[1]

items reclassified

Allowance for Doubtful Accoun69

Allowance for Doubtful Accounts (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Allowance for doubtful accounts:
Balance at the beginning of the period	$ 7,693	$ 559,120	$ 436,546
Additions- allowance for doubtful accounts	31,540	22,005	$ 117,394
Release for doubtful accounts	$ (37,128)	(581,745)
Balance at the end of the period		7,693	$ 559,120
Allowance for Doubtful Accounts, Current [Member]
Allowance for doubtful accounts:
Currency revaluation	$ (2,105)	8,313	5,180
Total Allowance for doubtful accounts	$ 5,588	$ 567,433	$ 441,726

Prepaid Expenses and Other Cu70

Prepaid Expenses and Other Current Assets (Details) - USD ($)	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013
Prepaid Expenses and Other Current Assets [Abstract]
Prepaid expenses and other current assets	$ 2,478,681	$ 2,319,310	$ 2,619,882	$ 2,147,686	$ 2,254,213	$ 2,531,602	$ 2,194,320	$ 2,342,762
Prepaid value added tax	$ 742,782				$ 732,838

Other Assets (Details)

Other Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Nov. 17, 2014	Sep. 30, 2014	Jul. 15, 2014	Jun. 30, 2014	Apr. 07, 2014	Mar. 31, 2014	Sep. 30, 2013	Aug. 28, 2013	Jun. 30, 2013	Mar. 31, 2013
Debt Instrument [Line Items]
Debt issuance costs	$ 710,094
Other assets, noncurrent	1,600,335	$ 1,412,408		$ 1,093,977		$ 1,288,246		$ 1,357,728	$ 1,382,857		$ 621,182	$ 898,001
Long-term deposits	653,002	771,193
Deferred financing cost, net	682,878	$ 477,673
Loan to third party, interest rate		5.00%
Other assets							$ 50,000
Carrying amount of loan to third party	$ 264,454	$ 160,518
2014 10% Term Loan Agreement [Member]
Debt Instrument [Line Items]
Debt, interest rate	10.00%		10.00%
Convertible Note One [Member]
Debt Instrument [Line Items]
Debt, interest rate		10.00%			10.00%
Convertible Note Two [Member]
Debt Instrument [Line Items]
Debt, interest rate	10.00%									10.00%

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Sep. 30, 2013	Jun. 30, 2013
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross		$ 32,867,864	$ 35,770,150
Less: accumulated depreciation and amortization		(13,548,662)	(15,984,028)
Total property and equipment, Net	$ 12,674,383	19,319,202	19,786,122		$ 19,603,707	$ 20,711,832	$ 19,954,703	$ 18,663,407	$ 17,065,123
Capitalized Computer Software, Additions	$ 3,505,742	4,674,199	3,505,742	$ 1,731,341
Property, Plant and Equipment, Transfers and Changes		4,239,491
Property Plant and Equipment Other Transfers and Projects Cancelled		138,869
Property, Plant and Equipment, Additions			3,338,808
Property Plant and Equipment Net Effect of Adjustment		$ 226,635
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life		5 years
Property, Plant and Equipment, Gross		$ 281,214	314,686
Technology Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross		23,904,494	24,287,111
Property, Plant and Equipment, Transfers and Changes		$ 3,465,620
Property, Plant and Equipment, Additions			1,309,739
Technology Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life		3 years
Technology Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life		10 years
Software and Software Development Costs [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life		5 years
Property, Plant and Equipment, Gross		$ 4,556,364	8,473,042
Property, Plant and Equipment, Transfers and Changes		$ 773,871
Property, Plant and Equipment, Additions			2,029,069
Automobiles [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life		5 years
Property, Plant and Equipment, Gross		$ 80,860	91,580
Construction in Progress [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Gross		4,044,932	$ 2,603,731
Computer and Software [Member]
Property, Plant and Equipment [Line Items]
Accumulated Depreciation, Depletion and Amortization, Sale or Disposal of Property, Plant and Equipment		$ 2,435,366

Intangible Assets (Schedule of

Intangible Assets (Schedule of Intangible Assets) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013
Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 16,215,127				$ 29,251,751
Total intangible assets, Net	5,076,208	$ 6,000,884	$ 7,122,940	$ 7,903,149	8,670,677	$ 9,412,581	$ 9,966,563	$ 9,495,999
Decrease in intangible assets	13,036,625
Decrease in accumulated amortization	$ 9,442,156
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Expected useful lives of intangible assets	3 years
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Expected useful lives of intangible assets	10 years
Customer Contracts, Licenses, Interconnect & Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 1,870,523				13,005,460
Less: Accumulated amortization	$ (1,165,856)				(11,484,600)
Customer Contracts, Licenses, Interconnect & Technology [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Expected useful lives of intangible assets	5 years
Customer Contracts, Licenses, Interconnect & Technology [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Expected useful lives of intangible assets	10 years
ValidSoft IP & Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets	$ 14,344,604				16,246,291
Less: Accumulated amortization	$ (9,973,063)				$ (9,096,474)
ValidSoft IP & Technology [Member] | Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Expected useful lives of intangible assets	1 year
ValidSoft IP & Technology [Member] | Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Expected useful lives of intangible assets	10 years

Intangible Assets (Estimated Fu

Intangible Assets (Estimated Future Amortization Expense Related to Intangible Assets) (Details)	Dec. 31, 2014USD ($)
Finite-Lived Intangible Assets [Line Items]
2,015	$ 2,153,111
2,016	2,033,871
2,017	605,600
2,018	162,075
2,019	97,241
2020 and thereafter	24,310
Customer Contracts, Licenses, Interconnect & Technology [Member]
Finite-Lived Intangible Assets [Line Items]
2,015	315,517
2,016	240,094
2,017	84,222
2,018	$ 64,834
2,019
2020 and thereafter
ValidSoft IP & Technology [Member]
Finite-Lived Intangible Assets [Line Items]
2,015	$ 1,837,594
2,016	1,793,777
2,017	521,378
2,018	97,241
2,019	97,241
2020 and thereafter	$ 24,310

Goodwill (Details)

Goodwill (Details) - USD ($)	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Apr. 02, 2013	Mar. 31, 2013
Goodwill [Line Items]
Goodwill	$ 3,352,264	$ 3,490,242	$ 3,740,646	$ 3,769,199	$ 3,773,226	$ 3,707,903	$ 3,381,418		$ 3,330,438
ValidSoft Ltd [Member]
Goodwill [Line Items]
Goodwill	2,964,423				3,359,210
Morodo Ltd. [Member]
Goodwill [Line Items]
Goodwill	197,440				223,615
Telnicity LLC [Member]
Goodwill [Line Items]
Goodwill	$ 190,401				$ 190,401			$ 190,401

The acquisition of assets of 76

The acquisition of assets of Telnicity (Details) - USD ($)	Apr. 02, 2013	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013
Estimated fair values:
Goodwill		$ 3,352,264	$ 3,490,242	$ 3,740,646	$ 3,769,199	$ 3,773,226	$ 3,707,903	$ 3,381,418	$ 3,330,438
Telnicity LLC [Member]
Consideration paid:
Number of shares of Common Stock	1,000,000
Fair value of the share price at April 1, 2013	$ 1.18
Total Consideration Paid	$ 1,180,000
Estimated fair values:
Assets acquired	$ 989,599
Liabilities assumed
Net assets acquired	$ 989,599
Consideration paid	1,180,000
Goodwill	190,401	$ 190,401				$ 190,401
Intangible assets acquired	$ 989,599

Accounts payable and Customer77

Accounts payable and Customer Deposits (Details) - USD ($)	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013
Accrued Expenses [Abstract]
Accounts payable	$ 1,795,240				$ 2,538,479
Customer deposits	60,774				48,183
Total Accounts payable and Customer Deposits	$ 1,856,014	$ 2,063,304	$ 2,305,933	$ 2,419,325	$ 2,586,662	$ 4,905,101	$ 4,809,726	$ 5,738,518

Loans Payable (Details)

Loans Payable (Details)	Dec. 14, 2011USD ($)	Dec. 31, 2014USD ($)entities	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Sep. 30, 2013USD ($)	Jun. 30, 2013USD ($)	Mar. 31, 2013USD ($)	Nov. 30, 2008	Nov. 24, 2008	Dec. 31, 2007
Short-term Debt [Line Items]
Loans payable		$ 962,269	$ 961,550	$ 963,051	$ 962,269	$ 962,654	$ 962,418	$ 962,418	$ 961,525
Potential loss from default on bank loans and overdraft account that are still in litigation		1,395,635
Litigation awarded value	$ 5,925
Overdraft		433,366	$ 425,144	$ 413,958	$ 402,234	391,436	$ 380,550	$ 369,859	$ 359,017
Elephant Talk Ltd [Member]
Short-term Debt [Line Items]
Overdraft		$ 433,366				391,436
Bank interest rate above prime rate		2.00%
Bank interest rate above prime rate upon default		6.00%
Installment Loan Payable Due December 24, 2006 [Member]
Short-term Debt [Line Items]
Loans payable		$ 320,231				320,358
Debt instrument, maturity date		Dec. 24, 2006
Personal guarantee, number of shareholders | entities		2
Personal guarantee, number of former directors | entities		1
Personal guarantee, number of third parties		1
Installment Loan Payable Due December 24, 2011 [Member]
Short-term Debt [Line Items]
Loans payable		$ 254,594				254,696
Loan payable, monthly principal and interest payments		$ 2,798
Loan payable, Interest rate		1.50%								8.25%
Debt instrument, maturity date		Dec. 24, 2011
Personal guarantee, number of shareholders | entities		3
Personal guarantee, number of former directors | entities		1
Installment Bank Loan Payable Due June 28, 2011 [Member]
Short-term Debt [Line Items]
Loans payable		$ 103,855				103,897
Loan payable, monthly principal and interest payments		$ 1,729
Loan payable, Interest rate		1.50%									8.25%
Debt instrument, maturity date		Jun. 28, 2009
Personal guarantee, number of shareholders | entities		3
Personal guarantee, number of former directors | entities		1
Term Loan [Member]
Short-term Debt [Line Items]
Loans payable		$ 283,589				$ 283,703
Loan payable, Interest rate												7.00%

Deferred Revenue (Details)

Deferred Revenue (Details) - USD ($)		12 Months Ended
		Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013
Deferred Revenue [Abstract]
Expected amortization term of deferred revenue		5 years
Short term deferred revenue		$ 8,813,385	$ 595,712	$ 632,104	$ 671,879	$ 271,767	$ 428,473	$ 482,381	$ 281,536
Non-current portion of deferred revenue		2,434,257	7,788,843	4,542,910	2,774,415	2,364,389	1,888,891	1,243,755	356,386
Deferred revenue	[1]	$ 11,247,642	$ 8,384,555	$ 5,175,014	$ 3,446,294	$ 2,636,156	$ 2,317,364	$ 1,726,136	$ 637,922
[1]	items restated

Accrued Expenses (Details)

Accrued Expenses (Details) - USD ($)	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013
Accrued Expenses [Abstract]
Accrued Selling, General & Administrative expenses	$ 1,863,020				$ 2,271,086
Accrued cost of service	291,553				547,111
Accrued taxes (including VAT)	570,616				255,577
Accrued interest payable	1,184,418				1,300,101
Other accrued expenses	152,045				587,428
Total accrued expenses	4,061,652	$ 5,804,999	$ 6,592,945	$ 5,936,989	$ 4,961,303	$ 5,816,271	$ 6,566,324	$ 4,149,966
Provision for income taxes	$ 8,029

Conversion into Equity of the81

Conversion into Equity of the 2013 10% Related Party Convertible Note (Schedule of Notes) (Details)	Dec. 31, 2014€ / $	Mar. 31, 2014USD ($)	Dec. 31, 2013USD ($)€ / $	Dec. 31, 2013EUR (€)€ / $	Sep. 30, 2013USD ($)
Debt Instrument [Line Items]
Exchange rate | € / $	0.8227		0.7264	0.7264
Convertible Note One [Member]
Debt Instrument [Line Items]
Debt instrument, carrying amount			$ 2,753,304	€ 2,000,000
Debt Discount (Beneficial Conversion Feature)			(728,332)
Debt Discount (Extended Warrants)			(849,453)
Debt Discount (Warrants)			(141,800)
Long-term debt (Net of Debt Discount)			1,033,719
Debt Instrument, Unamortized Discount		$ 937,814	$ 1,719,585		$ 2,385,206

Conversion into Equity of the82

Conversion into Equity of the 2013 10% Related Party Convertible Note (Narrative) (Details)	Jul. 15, 2014USD ($)shares$ / shares	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Sep. 30, 2013USD ($)	Jun. 30, 2013USD ($)	Mar. 31, 2013USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2013USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2013USD ($)	Dec. 31, 2014USD ($)shares	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)	Jul. 15, 2014EUR (€)shares
Debt Instrument [Line Items]
Debt instrument, conversion price | $ / shares	$ 0.887
Debt instrument, conversion price | $ / shares	$ 0.70
Value assigned to the reduced Conversion Price due to issuance of shares of the common Stock	$ 824,590
Equity increase due to issuance of shares of the common Stock													$ 1,306,848
Number of warrants issued | shares												500,000
Interest expense related to debt discount and conversion feature		$ 1,287,717	$ 1,025,292	$ 884,740	$ 259,795	$ 502,972	$ 558,028	$ 1,910,032	$ 1,061,000	$ 3,197,749	$ 1,320,795	$ 3,935,839	$ 2,069,649	$ 1,089,126
July Warrant [Member]
Debt Instrument [Line Items]
Shares issued in connection with warrant exercises, price per share | $ / shares	$ 0.9228
Number of shares covered by warrants | shares	500,000														500,000
Convertible Note One [Member]
Debt Instrument [Line Items]
Debt instrument, conversion price | $ / shares	$ 0.70
Debt instrument, principal amount	$ 2,723,000														€ 2,000,000
Debt, interest rate	10.00%												10.00%		10.00%
Debt instrument, convertible, number of shares | shares	4,238,501
Shares issued in connection with warrant exercises, price per share | $ / shares	$ 0.70
Equity increase due to issuance of shares of the common Stock	$ 3,791,541											3,791,541
Interest expense related to debt discount and conversion feature												$ 1,162,322

The 2014 10% Term Loan Agreem83

The 2014 10% Term Loan Agreement (Schedule of term loan) (Details) - 2014 10% Term Loan Agreement [Member] - USD ($)	Dec. 31, 2014	Nov. 17, 2014
Debt Instrument [Line Items]
Debt instrument, carrying amount		$ 10,000,000
Debt Discount - Original Issue Discount	$ (365,231)	(380,000)
Debt Discount - Warrants	(433,663)	$ (451,146)
Long-term debt (Net of Debt Discount)	$ 11,201,106

The 2014 10% Term Loan Agreem84

The 2014 10% Term Loan Agreement (Narratives) (Details)	2 Months Ended		12 Months Ended
	Dec. 31, 2014USD ($)$ / sharesshares	Dec. 31, 2014EUR (€)shares	Dec. 31, 2014USD ($)$ / sharesshares	Dec. 31, 2014EUR (€)shares	Nov. 17, 2014USD ($)$ / sharesshares	Dec. 31, 2013USD ($)	Aug. 28, 2013EUR (€)shares	Aug. 28, 2013$ / shares
2014 10% Term Loan Agreement [Member]
Debt Instrument [Line Items]
Debt instrument, principal amount					$ 12,000,000
Description of variable rate basis	LIBOR	LIBOR	libor
Applicable margin (as a percent)	10.00%	10.00%	10.00%
Decrease in applicable margin (as a percent)	2.00%	2.00%
Applicable margin before adjustment (as a percent)	12.00%	12.00%
Debt Discount - Original Issue Discount	$ 365,231		$ 365,231		380,000
Debt Discount - Warrants	$ 433,663		$ 433,663		$ 451,146
2014 10% Term Loan Agreement [Member] | Corbin Mezzanine Fund I, L.P [Member]
Debt Instrument [Line Items]
Number of shares covered by warrants | shares					1,157,895
Convertible Note Two [Member]
Debt Instrument [Line Items]
Debt instrument, principal amount | €							€ 4,000,000
Number of shares covered by warrants | shares	1,000,000		1,000,000	1,000,000			2,000,000
Debt Discount - Warrants						$ 726,695
Percentage of principal amount of debt instrument repurchased	50.00%	50.00%
Debt instrument repurchased	$ 3,114,066		$ 3,114,066	€ 2,498,849
Percentage of principal amount of debt instrument converted	50.00%	50.00%
Debt conversion, shares issued | shares	2,817,993	2,817,993
Debt conversion, converted amount	$ 2,499,951	€ 2,000,000
Term of warrant	3 years	3 years
Exercise price (in dollars per share) | $ / shares	$ 0.93		$ 0.93		$ 0.93			$ 0.887

10% 3rd Party Loan and Conver85

10% 3rd Party Loan and Convertible Note (Schedule of Note) (Details)	Dec. 31, 2014€ / $	Dec. 31, 2013USD ($)€ / $	Dec. 31, 2013EUR (€)€ / $
Debt Instrument [Line Items]
Exchange rate | € / $	0.8227	0.7264	0.7264
Convertible Note Two [Member]
Debt Instrument [Line Items]
Debt instrument, carrying amount		$ 5,506,608	€ 4,000,000
Debt Discount (Warrants)		(726,695)
Long-term debt (Net of Debt Discount)		$ 4,779,913

10% 3rd Party Loan and Conver86

10% 3rd Party Loan and Convertible Note (Narrative) (Details)	Nov. 17, 2014USD ($)$ / sharesshares	Nov. 17, 2014EUR (€)shares	Dec. 31, 2014USD ($)$ / sharesshares	Dec. 31, 2014USD ($)$ / sharesshares	Sep. 30, 2014USD ($)	Jul. 15, 2014$ / shares	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Sep. 30, 2013USD ($)	Aug. 28, 2013USD ($)$ / sharesshares	Aug. 28, 2013EUR (€)shares
Debt Instrument [Line Items]
Debt Instrument, fixed conversion price | $ / shares						$ 0.887
2014 10% Term Loan Agreement [Member]
Debt Instrument [Line Items]
Debt, interest rate	10.00%		10.00%	10.00%
Debt instrument, principal amount	$ 12,000,000
Discount on debt			$ 798,894	$ 798,894
Convertible Note Two [Member]
Debt Instrument [Line Items]
Debt, interest rate			10.00%	10.00%							10.00%	10.00%
Percentage of debt repaid	50.00%	50.00%
Repayments of debt	$ 3,114,066	€ 2,498,849.32
Debt conversion, shares issued | shares			2,817,993
Term of warrant			3 years
Number of warrants issued | shares	1,000,000	1,000,000
Exercise/ Conversion price(s) (range) | $ / shares	$ 0.93		$ 0.93	$ 0.93							$ 0.887
Debt instrument, principal amount | €												€ 4,000,000
Debt instrument, maturity date				Aug. 28, 2015
Deb instrument, earliest conversion date				Aug. 28, 2013
Debt Instrument, fixed conversion price | $ / shares											$ 0.887
Number of shares covered by warrants | shares			1,000,000	1,000,000							2,000,000	2,000,000
Warrants, exercisable date				Feb. 28, 2014
Discount on debt			$ 0	$ 0	$ 410,853		$ 518,463	$ 623,726	$ 726,695	$ 827,421	$ 864,394
Percentage of principal amount of debt instrument repurchased			50.00%
Percentage of principal amount of debt instrument converted			50.00%

Conversion and Termination of87

Conversion and Termination of the May 24, 2013 Loan Agreement (Details)

Jul. 14, 2013USD ($)$ / sharesshares

May. 24, 2013EUR (€)shares

Sep. 30, 2014USD ($)

Jun. 30, 2014USD ($)

Mar. 31, 2014USD ($)

Sep. 30, 2013USD ($)

Jun. 30, 2013USD ($)

Jun. 30, 2014USD ($)

Jun. 30, 2013USD ($)

Sep. 30, 2014USD ($)

Sep. 30, 2013USD ($)

Dec. 31, 2014USD ($)

Dec. 31, 2013USD ($)

Dec. 31, 2012USD ($)

Jul. 15, 2014$ / shares

May. 24, 2013$ / shares

Debt Instrument [Line Items]

Debt Instrument, fixed conversion price

$ 0.887

Shares issued for note conversions | $

$ 1,306,848

Loss on extinguishment of debt | $

$ (626,534)

$ 426

$ 44,506

$ 1,938,597

$ 426

$ 1,938,597

$ (626,108)

$ 1,983,103

$ (626,108)

$ 2,005,100

Unsecured Loan from Affiliate [Member]

Debt Instrument [Line Items]

Debt instrument, principal amount | €

€ 1,000,000

Debt, interest rate

12.00%

Number of shares covered by warrants | shares

1,253,194

Warrant exercise price

$ 1.03

Term of warrant

5 years

Term allowing put of warrant

12 months

Share price requiring warrant exercise

$ 1.55

Number of consecutive trading days

10 days

Debt conversion, shares issued | shares

1,840,631

Debt Instrument, fixed conversion price

$ 0.71

Loss on extinguishment of debt | $

$ 44,506

8% Senior Secured Convertible88

8% Senior Secured Convertible Note (Details) - USD ($)	Jun. 11, 2013	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Sep. 30, 2013	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
Deduction for financing costs				$ 90,000					$ 125,793
Loss on extinguishment of debt		$ (626,534)		$ 426	$ 44,506	$ 1,938,597	$ 426	$ 1,938,597	$ (626,108)	$ 1,983,103	$ (626,108)	$ 2,005,100
Convertible 8.0% Senior Notes [Member]
Debt Instrument [Line Items]
Debt purchase price, percentage	110.00%
Debt purchase price	$ 6,701,824
Amortization of original issue discount	349,639
Amortization of debt conversion feature	1,179,732
Write off of remaining financing costs	311,048
Fair market value of conversion feature	$ 451,779
Purchase price surplus	10.00%
Prepayment fee	$ 607,539
Loss on extinguishment of debt	$ 1,960,594

Registered Direct Offering an89

Registered Direct Offering and Warrant Liabilities (Details) - USD ($)	6 Months Ended		9 Months Ended	12 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Sep. 30, 2013	Dec. 31, 2014	Dec. 31, 2013	Sep. 30, 2014	Mar. 31, 2014	Dec. 31, 2012
Class of Stock [Line Items]
Gross proceeds of SPA					$ 12,000,000
Net proceeds of SPA					11,292,500
Fundraising related expenses	$ 90,000	$ 707,500	$ 1,362,124		$ 707,500
Number of warrants issued				500,000
Warrants				29,628,865	37,247,889			49,778,713
Warrant liabilities	$ 2,144,858	$ 5,291,351	$ 4,116,480	$ 2,087,992	$ 1,973,534	$ 2,248,169	$ 2,183,806
Value covered by registration statement filing					$ 75,000,000
Investors [Member]
Class of Stock [Line Items]
Shares issued per SPA					17,425,621
Number of warrants issued					7,841,537
Warrants				2,892,857
Warrant liabilities				$ 2,087,992
Term of warrant				5 years
Warrant exercise price				$ 0.887
Term allowing put of warrant				90 days
Percentage of trading price requiring exercise of warrants				20.00%
Number of consecutive trading days				20 days
Average daily trading volume				$ 350,000
Number of warrants exercised					5,131,965
Shares issued in connection with warrant exercises					4,102,792
Placement Agent [Member]
Class of Stock [Line Items]
Warrants issued to placement agent					183,284
Warrant exercise price				$ 0.853

Obligations under Capital Lea90

Obligations under Capital Leases (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
Capital Leased Assets [Line Items]
Equipment	$ 3,195,176				$ 2,620,182
Less: accumulated depreciation and amortization	(527,841)				(101,209)
Total	2,667,335				2,518,973
Obligations under capital leases (current portion)	1,831,050	$ 1,828,083	$ 1,898,346	$ 1,348,705	1,302,838
Non-current portion of obligation under capital leases	$ 272,460	$ 261,912	$ 487,728	$ 465,954	845,529
Capital Lease Obligations [Member]
Capital Leased Assets [Line Items]
Minimum interest rate	8.65%
Capital Lease Obligations [Member] | Minimum [Member]
Capital Leased Assets [Line Items]
Debt term	2 years
Capital Lease Obligations [Member] | Maximum [Member]
Capital Leased Assets [Line Items]
Debt term	3 years
Loan payable, interest rate spread	1.50%
Network Equipment [Member]
Capital Leased Assets [Line Items]
Equipment	$ 1,449,343				1,642,759
Software Licenses [Member]
Capital Leased Assets [Line Items]
Equipment	1,611,507				874,174
Other [Member]
Capital Leased Assets [Line Items]
Equipment	$ 134,326				$ 103,249

Other long term payable (Detail

Other long term payable (Details)	12 Months Ended
	Dec. 31, 2014USD ($)€ / $	Dec. 31, 2014EUR (€)€ / $	Dec. 31, 2013USD ($)€ / $
Other long term payable [Abstract]
Arrangement with creditor (principal amount)	$ 445,257	€ 366,313
Less: Short-term portion (recorded in Accrued expenses)	(90,377)
Other long term loan	$ 354,880
Exchange rate | € / $	0.8227	0.8227	0.7264
Repayment term	72 months

Loan from Joint Venture Partn92

Loan from Joint Venture Partner (Details)	3 Months Ended					6 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Sep. 30, 2013USD ($)	Jun. 30, 2013USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2013USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2013USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)	Dec. 31, 2012USD ($)	Mar. 31, 2013USD ($)	Dec. 17, 2008USD ($)	Dec. 17, 2008ANG
Related Party Transaction [Line Items]
Loan from related party		$ 626,534	$ 614,169	$ 590,165	$ 578,518	$ 626,534	$ 578,518		$ 590,165		$ 602,047		$ 567,100
Gain in extinguishment of debt	$ 626,534		$ (426)	$ (44,506)	$ (1,938,597)	$ (426)	$ (1,938,597)	$ 626,108	$ (1,983,103)	$ 626,108	$ (2,005,100)
Elephant Talk United Telecommunication Services N.V. [Member]
Related Party Transaction [Line Items]
Ownership percentage										51.00%
Loan from related party										$ 0				$ 402,424	ANG 724,264
Stated interest per annum										8.00%
Ownership percentage by noncontrolling shareholders										49.00%
Gain in extinguishment of debt										$ 626,534

Fair Value Measurements (Narrat

Fair Value Measurements (Narrative) (Details) - Derivative Financial Instruments, Liabilities [Member]	12 Months Ended
	Dec. 31, 2014
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Remaining term	5 years
Expected volatility	135.00%

Fair Value Measurements (Schedu

Fair Value Measurements (Schedule of Financial Assets and Liabilities Measured at Fair Value on Rrecurring Basis) (Details) - Fair Value, Measurements, Recurring [Member] - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Derivative Liabilities
Derivative liabilities	$ 2,087,992	$ 1,973,534
Conversion Feature [Member]
Derivative Liabilities
Derivative liabilities
Warrants [Member]
Derivative Liabilities
Derivative liabilities	$ 2,087,992	$ 1,973,534
Fair Value, Inputs, Level 1 [Member]
Derivative Liabilities
Derivative liabilities
Fair Value, Inputs, Level 1 [Member] | Conversion Feature [Member]
Derivative Liabilities
Derivative liabilities
Fair Value, Inputs, Level 1 [Member] | Warrants [Member]
Derivative Liabilities
Derivative liabilities
Fair Value, Inputs, Level 2 [Member]
Derivative Liabilities
Derivative liabilities
Fair Value, Inputs, Level 2 [Member] | Conversion Feature [Member]
Derivative Liabilities
Derivative liabilities
Fair Value, Inputs, Level 2 [Member] | Warrants [Member]
Derivative Liabilities
Derivative liabilities
Fair Value, Inputs, Level 3 [Member]
Derivative Liabilities
Derivative liabilities	$ 2,087,992	$ 1,973,534
Fair Value, Inputs, Level 3 [Member] | Conversion Feature [Member]
Derivative Liabilities
Derivative liabilities
Fair Value, Inputs, Level 3 [Member] | Warrants [Member]
Derivative Liabilities
Derivative liabilities	$ 2,087,992	$ 1,973,534

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - $ / shares	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Nov. 17, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2011
Common Stock:
Common stock, shares authorized	250,000,000	250,000,000	250,000,000		250,000,000	250,000,000	250,000,000	250,000,000	250,000,000	250,000,000
Common stock, shares issued	154,671,258	140,466,801			151,312,189	146,525,302	146,364,577	134,440,221	133,139,900	113,369,656
Common stock, shares outstanding	154,671,258	140,466,801	111,918,386		151,312,189	146,525,302	146,364,577	134,440,221	133,139,900	113,369,656
Common stock, increase in shares issued during the period	14,204,457
Number of shares issued according to Stock Transfer Agent	154,917,158
Unreturned shares from 'cancelled' acquisitions (pre-2006)	233,900
Shares issued under Employee benefits plan (Treasury shares)	12,000
Difference in number of issued shares	245,900
Preferred Stock:
Preferred stock, shares authorized	50,000,000	50,000,000			50,000,000	50,000,000	50,000,000	50,000,000	50,000,000	50,000,000
Preferred stock, par or stated value per share	$ 0.00001	$ 0.00001			$ 0.00001	$ 0.00001	$ 0.00001	$ 0.00001	$ 0.00001	$ 0.00001
Preferred stock, shares outstanding	0	0			0	0	0	0	0	0
Warrants:
Warrants outstanding	29,628,865	37,247,889	49,778,713
Common stock, par value per share	$ 0.00001	$ 0.00001	$ 0.0001		$ 0.00001	$ 0.00001	$ 0.00001	$ 0.00001	$ 0	$ 0
Common Shares [Member]
Common Stock:
Common stock, shares outstanding	154,671,258	140,466,801	111,918,370								110,525,231
Shares issued for board & management compensation, shares	443,625	775,985	499,121
Shares issued for employee stock option exercises, shares	621,638	809,737	464,972
Shares issued to consultants, shares	300,000	200,000
Shares issued for note conversions, shares		1,840,631
Shares issued for rental termination settlement, shares		400,000
Shares issued for acquisitions		1,250,000	134,046
Investors [Member]
Common Stock:
Shares issued in connection with warrant exercises		4,102,792
Warrants:
Warrants outstanding	2,892,857
Warrant exercise price	$ 0.887
Investors [Member] | Common Shares [Member]
Common Stock:
Shares issued in connection with warrant exercises	5,782,700
Affiliated Note Holders [Member] | Common Shares [Member]
Common Stock:
Shares issued for note conversions, shares	4,238,501
Shares issued for partial note conversions, shares	2,817,993
Corbin Mezzanine Fund I LP [Member]
Warrants:
Number of shares covered by warrants				1,157,895
Common stock, par value per share				$ 0.00001
Warrant exercise price				$ 0.95

Stockholders' Equity (Summary o

Stockholders' Equity (Summary of Warrants) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Dec. 31, 2012
Class of Warrant or Right [Line Items]
Warrants outstanding	29,628,865				37,247,889			49,778,713
Warrant liabilities	$ 2,087,992	$ 2,248,169	$ 2,144,858	$ 2,183,806	$ 1,973,534	$ 4,116,480	$ 5,291,351
Weighted Average [Member]
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)	$ 1.20
Warrants - Acquisitions [Member]
Class of Warrant or Right [Line Items]
Expiring	Dec. 31, 2013
Warrants outstanding								3,437,953
Warrants - Acquisitions [Member] | Minimum [Member]
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)	$ 0.63
Warrants - Acquisitions [Member] | Maximum [Member]
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)	$ 2.25
Warrants - Fundraising [Member]
Class of Warrant or Right [Line Items]
Warrants outstanding	29,610,206				37,229,230			46,322,101
Warrants - Fundraising [Member] | Minimum [Member]
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)	$ 0.70
Expiring	Jan. 1, 2013
Warrants - Fundraising [Member] | Maximum [Member]
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)	$ 2
Expiring	Dec. 31, 2018
Warrants - Other [Member]
Class of Warrant or Right [Line Items]
Exercise price (in dollars per share)	$ 2.21
Expiring	Dec. 31, 2016
Warrants outstanding	18,659				18,659			18,659

Non-controlling Interest (Detai

Non-controlling Interest (Details) - USD ($)	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013
Noncontrolling Interest [Line Items]
Non-controlling interest balance	$ 9,321	$ 134,062	$ 143,974	$ 144,748	$ 144,806	$ 179,119	$ 173,776	$ 173,584
Elephant Talk Communications PRS U.K. Limited [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest %	49.00%
Non-controlling interest balance	$ 9,321				9,894
Elephant Talk Communications Premium Rate Services Netherlands B.V. [Member]
Noncontrolling Interest [Line Items]
Noncontrolling Interest %	49.00%
Non-controlling interest balance					$ 134,912

Basic and diluted net loss pe98

Basic and diluted net loss per share (Details) - shares	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive Securities	69,684,945	81,363,500	64,917,698
Convertible Notes [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive Securities		9,635,838	2,957,855
Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive Securities	29,628,865	37,247,889	49,778,713
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Dilutive Securities	40,056,080	34,479,773	12,181,130

2006 Non-Qualified Stock and 99

2006 Non-Qualified Stock and Option Compensation Plan and 2008 Long Term Incentive Compensation Plan (2006 Non-Qualified Stock and Option Compensation Plan) (Details) - shares	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining shares available for grant	11,619,447	8,247,057
Common Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued for board & management compensation, shares	443,625	775,985	499,121
2006 Non-Qualified Stock and Option Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Remaining shares available for grant		89,490
Share issued	13,960

2006 Non-Qualified Stock and100

2006 Non-Qualified Stock and Option Compensation Plan and 2008 Long Term Incentive Compensation Plan (2008 Long-Term Incentive Plan) (Details)	Jun. 11, 2008	Dec. 31, 2014shares	Dec. 31, 2013shares	Dec. 31, 2012shares	Dec. 31, 2011shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total Options Issued and Outstanding		40,056,080	34,479,773
Remaining shares available for grant		11,619,447	8,247,057
Options granted vesting period		3 years
Directors And Officers [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share issued		429,665
Shares issued since inception of plan		1,626,031
Consultant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued since inception of plan		325,000
2008 Long-Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total Options Issued and Outstanding		40,056,080	34,479,773	12,181,130	7,727,099
Stock split ratio	0.04

2006 Non-Qualified Stock and101

2006 Non-Qualified Stock and Option Compensation Plan and 2008 Long Term Incentive Compensation Plan (Reconciliation of Registered and Available Shares and or Options) (Details) - shares	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2011	Dec. 31, 2008
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number registered	10,000,000	23,000,000	18,000,000	5,000,000
Total registered under this plan	56,000,000
Total options exercised since inception of plan	2,373,442
Total Options Issued and Outstanding	40,056,080	34,479,773
Total shares available for grant	11,619,447	8,247,057
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options exercised	621,638
Consultant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued since inception of plan	325,000
Directors And Officers [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share issued	429,665
Shares issued since inception of plan	1,626,031

2006 Non-Qualified Stock and102

2006 Non-Qualified Stock and Option Compensation Plan and 2008 Long Term Incentive Compensation Plan (Common Stock Purchase Options, 2008 Long Term Incentive Plan) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Number of Options
Beginning Balance	34,479,773
Ending Balance	40,056,080	34,479,773
2008 Long-Term Incentive Plan [Member]
Number of Options
Beginning Balance	34,479,773	12,181,130	7,727,099
Granted	8,251,685	24,496,741	6,205,354
Exercised (with delivery of shares)	(621,638)	(809,737)	(431,972)
Forfeitures (Pre-vesting)	(975,649)	(805,266)	(990,821)
Expirations (Post-vesting)	(1,078,091)	(556,524)	(296,251)
Exchanged for Cashless exercise		(26,571)	(32,279)
Ending Balance	40,056,080	34,479,773	12,181,130
Weighted Average Exercise Price
Beginning Balance	$ 1.47	$ 2.15	$ 2.03
Granted	1.21	1.12	2.24
Exercised (with delivery of shares)	0.75	0.66	1
Forfeitures (Pre-vesting)	1.54	1	2.29
Expirations (Post-vesting)	1.94	1.92	2.23
Exchanged for cashless exercise		0.60	1.66
Ending Balance	$ 1.39	$ 1.47	$ 2.15
Initial Fair Market Value (Outstanding Options)
Beginning Balance	$ 27,784,972	$ 15,418,671	$ 10,803,654
Granted	5,187,826	14,107,008	6,803,965
Exercised (with delivery of shares)	(195,803)	(270,682)	(403,382)
Forfeitures (Pre-vesting)	(872,761)	(807,662)	(1,327,277)
Expirations (Post-vesting)	$ (1,166,981)	(648,529)	(417,475)
Exchanged for Cashless exercise		(13,834)	(40,814)
Ending Balance	$ 30,728,253	$ 27,784,972	$ 15,418,671

2006 Non-Qualified Stock and103

2006 Non-Qualified Stock and Option Compensation Plan and 2008 Long Term Incentive Compensation Plan (Summary of Status of Options Outstanding, 2008 Long Term Incentive Plan) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Options Outstanding
Total options outstanding	40,056,080	34,479,773
2008 Long-Term Incentive Plan [Member]
Grants
During the year	8,251,685	24,496,741	6,205,354
Weighted Average Annual Volatility	86.00%	89.00%	81.00%
Weighted Average Cumulative Volatility	150.00%	192.00%	134.00%
Weighted Average Contractual Life of grants	4 years 3 months 29 days	5 years 1 month 10 days	3 years 10 months 2 days
Weighted Average Expected Life of grants	3 years 3 months 11 days	4 years 8 months 23 days	2 years 8 months 8 days
Weighted Average Risk Free Interest Rate	0.9332%	1.5017%	0.4553%
Dividend yield	0.00%	0.00%	0.00%
Weighted Average Fair Value at grant-date	$ 0.66	$ 0.58	$ 1.10
Options Outstanding
Total options outstanding	40,056,080	34,479,773	12,181,130	7,727,099
Weighted Average Remaining Contractual Life	3 years 8 months 16 days	4 years 8 months 5 days	5 years 4 months 2 days
Weighted Average Remaining Expected Life	3 years 4 days	4 years 10 months 28 days	5 years 7 days
Weighted Average Exercise Price	$ 1.39	$ 1.47	$ 2.15	$ 2.03
Aggregate Intrinsic Value	$ (23,046,653)	$ (8,189,063)	$ (13,972,731)
Options Exercisable
Total Options Exercisable	22,856,509	18,180,371	4,358,510
Weighted Average Exercise Price	$ 1.58	$ 1.62	$ 1.96
Weighted Average Remaining Contractual Life	2 years 8 months 26 days	3 years 9 months 14 days	5 years 11 months 19 days
Aggregate Intrinsic Value	$ (17,120,707)	$ (7,126,025)	$ (4,178,337)
Unvested Options
Total Unvested Options	17,199,571	16,299,402	7,847,207
Weighted Average Exercise Price	$ 1.18	$ 1.21	$ 2.25
Forfeiture rate used for this period ending	11.764%	11.074%	10.673%
Options expected to vest
Number of options expected to vest corrected by forfeiture	16,446,707	15,553,067	7,009,645
Unrecognized share-based compensation expense	$ 9,655,125	$ 8,787,636	$ 3,014,397
Weighting Average remaining contract life	5 years 1 month 13 days	5 years 8 months 5 days	4 years 11 months 26 days
Exercises
Total shares delivered/issued	621,638	809,737	431,972
Weighted Average Exercise Price	$ 0.75	$ 0.66	$ 1
Intrinsic Value of Options Exercised	$ 288,144	$ 306,883	$ 177,547
2008 Long-Term Incentive Plan [Member] | In the Money Options [Member]
Options Outstanding
Aggregate Intrinsic Value	1,342,659	6,312,036	100,611
Options Exercisable
Aggregate Intrinsic Value	$ 581,485	$ 3,091,811	$ 100,465

2006 Non-Qualified Stock and104

2006 Non-Qualified Stock and Option Compensation Plan and 2008 Long Term Incentive Compensation Plan (Schedule of Share-based Compensation Expense) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-cash compensation to officers, directors and employees	$ 3,888,275	$ 8,515,391	$ 6,302,141
2008 Long-Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-cash compensation to officers, directors and employees	3,744,437	8,439,391	6,302,141
2008 Long-Term Incentive Plan [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-cash compensation to officers, directors and employees	143,838	76,000
Directors and Officers [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-cash compensation to officers, directors and employees	315,830	4,510,240	1,141,812
Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-cash compensation to officers, directors and employees	3,428,607	3,929,151	$ 5,160,329
Consultant [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-cash compensation to officers, directors and employees	$ 143,838	$ 76,000
Shares issued to consultants	300,000
Value of shares issued to consultants	$ 271,350

Income taxes (Narrative) (Detai

Income taxes (Narrative) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Operating Loss Carryforwards [Line Items]
Uncertain tax liability	$ 0	$ 0
Current foreign income tax	216,931
Foreign Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carry forwards	$ 141,000,000
Net operating loss carry forwards, expiration date	Dec. 31, 2014
Federal And State Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carry forwards	$ 40,000,000	$ 36,000,000
Net operating loss carry forwards, expiration date	Dec. 31, 2018

Income taxes (Schedule of Loss

Income taxes (Schedule of Loss before Income Tax Provision) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income taxes [Abstract]
Domestic	$ (9,725,694)	$ (14,549,839)	$ (6,574,394)
Foreign	(11,919,292)	(11,157,534)	(16,268,406)
Income from operations before income taxes	$ (21,644,986)	$ (25,707,373)	$ (22,842,800)

Income taxes (Schedule of Incom

Income taxes (Schedule of Income Tax Expense (Benefit)) (Details) - USD ($)

3 Months Ended

6 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

Sep. 30, 2014

Sep. 30, 2013

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Current:

Federal

State

Foreign

$ 216,931

$ (200,301)

$ 289,136

Total

$ 216,931

$ (200,301)

$ 289,136

Deferred:

Federal

State

Foreign

Income tax (benefit)/expense

$ (44,938)

$ (2,209)

$ 135,437

$ 41,500

$ 133,228

$ 88,290

$ 41,500

$ 216,931

$ (200,301)

$ 289,136

Income taxes (Reconciliation of

Income taxes (Reconciliation of the Provision for Income Taxes at the United States Federal Statutory Rate to the Foreign Income Tax Rate) (Details)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income taxes [Abstract]
Tax expense (credit) at statutory rate-federal	34.00%	34.00%	34.00%
State tax expense net of federal tax
Foreign income tax rate difference	(7.00%)	(10.10%)	(8.40%)
Change in valuation allowance	(25.50%)	(24.30%)	(25.60%)
Other	0.00%	1.20%	1.30%
Tax expense at actual rate	1.50%	0.80%	1.30%

Income taxes (Schedule of Defer

Income taxes (Schedule of Deferred Tax Assets) (Details) - USD ($)	Dec. 31, 2014	Dec. 31, 2013
Income taxes [Abstract]
Net Operating Losses	$ 39,804,723	$ 35,701,315
Total gross deferred tax assets	39,804,723	35,701,315
Less: Valuation allowance	$ (39,804,723)	$ (35,701,315)
Net deferred tax assets

Income taxes (Schedule of Unrec

Income taxes (Schedule of Unrecognized Tax Benefits) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income taxes [Abstract]
Balance		$ 289,136
Increases related to prior year tax positions
Decreases related to prior year tax positions		$ 289,136
Increases related to current year tax positions
Balance

Contingencies (Details)

Contingencies (Details)	May. 24, 2004USD ($)shares	Dec. 31, 2014USD ($)notesshares
Loss Contingencies [Line Items]
Common stock issued for purchase agreement | shares	5,100,000
Value of common stock issued for purchase agreement	$ 683,400
Contracts And Purchase Agreement [Member]
Loss Contingencies [Line Items]
Common stock received for termination of purchase agreement | shares		90,100
Common stock issued for purchase agreement | shares		204,000
Unsecured convertible promissory notes, number | notes		37
Unsecured convertible promissory notes issued, amount		$ 3,600,000
Contracts And Purchase Agreement [Member] | Returned [Member]
Loss Contingencies [Line Items]
Unsecured convertible promissory notes, number | notes		21
Unsecured convertible promissory notes returned		$ 2,040,000
Contracts And Purchase Agreement [Member] | Unreturned [Member]
Loss Contingencies [Line Items]
Unsecured convertible promissory notes, number | notes		18
Common stock, shares | shares		113,900
Common stock, value		$ 381,565
Unsecured convertible promissory notes unreturned, value		$ 1,740,000

Geographic Information (Details

Geographic Information (Details) - USD ($)	3 Months Ended																6 Months Ended				9 Months Ended				12 Months Ended
	Dec. 31, 2014		Sep. 30, 2014	[1]	Jun. 30, 2014	[1]	Mar. 31, 2014	[1]	Dec. 31, 2013		Sep. 30, 2013	[1]	Jun. 30, 2013	[1]	Mar. 31, 2013	[1]	Jun. 30, 2014		Jun. 30, 2013		Sep. 30, 2014		Sep. 30, 2013		Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from unaffiliated customers	$ 5,454,503	[1]	$ 4,445,239		$ 5,072,440		$ 5,384,265		$ 5,523,647	[1]	$ 4,123,794		$ 3,564,249		$ 6,240,114		$ 10,456,705		$ 9,804,363		$ 14,901,944		$ 13,928,157		$ 20,356,447		$ 19,451,804		$ 29,202,188
Identifiable assets	44,920,998	[1]	$ 39,701,730		$ 43,429,393		$ 44,276,339		42,435,408	[1]	$ 45,474,367		$ 39,557,150		$ 34,479,340		$ 43,429,393	[1]	$ 39,557,150	[1]	$ 39,701,730	[1]	$ 45,474,367	[1]	44,920,998	[1]	42,435,408	[1]	37,475,541
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from unaffiliated customers																									13,490,366		15,933,666		29,053,151
Identifiable assets	36,867,194								31,948,966																36,867,194		31,948,966		35,682,490
Other Foreign Countries [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues from unaffiliated customers																									6,866,081		3,518,138		149,037
Identifiable assets	$ 8,053,801								$ 10,486,442																$ 8,053,801		$ 10,486,442		$ 1,793,051
[1]	items restated

Concentrations (Details)

Concentrations (Details) - Revenue Concentration [Member]	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Customer One [Member]
Concentration Risk [Line Items]
Percentage of revenues	50.00%	50.00%
Customer Two [Member]
Concentration Risk [Line Items]
Percentage of revenues	25.00%	9.00%

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Jul. 15, 2014	May. 29, 2014	Mar. 17, 2014	Dec. 31, 2009
Related Party Transaction [Line Items]
Conversion price	$ 0.887
Convertible Note One [Member]
Related Party Transaction [Line Items]
Shares issued in connection with warrant exercises, price per share	0.70
Conversion price	$ 0.70
Debt instrument, convertible, number of shares	4,238,501
Yves van Sante [Member]
Related Party Transaction [Line Items]
Shares issued for compensation		$ 80,000
Warrants Issued at $1.00 Exercise Price [Member] | Affiliated Entity [Member]
Related Party Transaction [Line Items]
Shares issued for warrant exercises, shares			5,332,383
Shares issued in connection with warrant exercises, price per share			$ 0.70	$ 1
Proceeds from exercise of warrants			$ 3,700,000
July Warrant [Member]
Related Party Transaction [Line Items]
Shares issued in connection with warrant exercises, price per share	$ 0.9228
Number of shares covered by warrants	500,000

Selected Quarterly Financial115

Selected Quarterly Financial Data (Unaudited) (Details) - USD ($)		3 Months Ended																6 Months Ended				9 Months Ended				12 Months Ended
		Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2013		Sep. 30, 2013		Jun. 30, 2013		Mar. 31, 2013		Jun. 30, 2014		Jun. 30, 2013		Sep. 30, 2014		Sep. 30, 2013		Dec. 31, 2014		Dec. 31, 2013		Dec. 31, 2012
Selected Quarterly Financial Data (Unaudited) [Abstract]
REVENUES		$ 5,454,503	[1]	$ 4,445,239	[1]	$ 5,072,440	[1]	$ 5,384,265	[1]	$ 5,523,647	[1]	$ 4,123,794	[1]	$ 3,564,249	[1]	$ 6,240,114	[1]	$ 10,456,705		$ 9,804,363		$ 14,901,944		$ 13,928,157		$ 20,356,447		$ 19,451,804		$ 29,202,188
Cost of service		1,638,961	[2]	1,565,054	[2]	1,848,687	[2]	1,635,972	[2]	1,735,019	[2]	1,548,576	[2]	2,144,899	[2]	3,960,803	[2]	3,484,659		6,105,702		5,049,713		7,654,278		6,688,674		9,389,297		23,002,961
Product development		1,529,212	[2]	1,707,102	[2]	2,280,532	[2]	1,711,817	[2]	1,568,276	[2]	1,354,105	[2]	1,819,480	[2]	1,349,623	[2]	3,992,349		3,169,103		5,699,451		4,523,208		7,228,663		6,091,484		6,803,509
Sales and marketing		609,515	[2]	555,519	[2]	664,807	[2]	563,835	[2]	910,002	[2]	623,644	[2]	882,418	[2]	722,952	[2]	1,228,642		1,605,370		1,784,161		2,229,013		2,393,676		3,139,015		3,706,975
General and administrative		2,839,072	[2]	3,248,243	[2]	3,467,339	[2]	3,047,947	[2]	4,551,557	[2]	2,996,718	[2]	4,091,492	[2]	3,422,873	[2]	6,515,286		7,514,365		9,763,529		10,511,083		12,602,601		15,062,640		11,492,160
Depreciation and amortization of intangibles assets		2,383,362		1,900,251		1,928,392		2,008,214		1,901,340		1,543,687		1,836,231		1,319,988		3,936,606		3,156,219		5,836,857		4,699,906		8,220,219		6,601,246		5,710,396
Total cost and operating expenses		9,000,122		8,976,169		10,189,757		8,967,785		10,666,194		8,066,730		10,774,520		10,776,239		19,157,542		21,550,759		28,133,711		29,617,488		37,133,833		40,283,682		50,716,001
LOSS FROM OPERATIONS		(3,545,619)	[1]	(4,530,930)	[1]	(5,117,317)	[1]	(3,583,520)	[1]	(5,142,547)	[1]	(3,942,936)	[1]	(7,210,271)	[1]	(4,536,125)	[1]	(8,700,837)		(11,746,396)		(13,231,767)		(15,689,331)		(16,777,386)		(20,831,878)		(21,513,813)
OTHER INCOME (EXPENSE)		(1,269,062)		(760,695)		(1,335,095)		(1,502,748)		(1,682,781)		(322,345)		(1,912,186)		(958,183)		(2,837,843)		(2,870,369)		(3,598,538)		(3,192,714)		(4,867,600)		(4,875,495)		(1,328,987)
NET LOSS		(4,943,322)	[1]	(5,246,687)	[1]	(6,450,203)	[1]	(5,221,705)	[1]	(6,583,527)	[1]	(4,306,781)	[1]	(9,122,457)	[1]	(5,494,308)	[1]	(11,671,908)		(14,616,765)		(16,918,595)		(18,923,545)		(21,861,917)		(25,507,072)		(23,131,936)
ACCOUNTS RECEIVABLE	[1]	8,877,213		5,847,424		6,924,756		5,033,667		5,094,847		3,194,819		2,865,751		4,502,499		6,924,756		2,865,751		5,847,424		3,194,819		8,877,213		5,094,847
TOTAL ASSETS		44,920,998	[1]	39,701,730	[1]	43,429,393	[1]	44,276,339	[1]	42,435,408	[1]	45,474,367	[1]	39,557,150	[1]	34,479,340	[1]	43,429,393	[1]	39,557,150	[1]	39,701,730	[1]	45,474,367	[1]	44,920,998	[1]	42,435,408	[1]	$ 37,475,541
DEFERRED REVENUE	[1]	11,247,642		8,384,555		5,175,014		3,446,294		2,636,156		2,317,364		1,726,136		637,922		5,175,014		1,726,136		8,384,555		2,317,364		11,247,642		2,636,156
STOCKHOLDERS EQUITY	[1]	$ 10,612,567		$ 13,060,787		$ 15,168,384		$ 19,807,174		$ 20,359,617		$ 21,046,942		$ 17,407,605		$ 15,827,867		$ 15,168,384		$ 17,407,605		$ 13,060,787		$ 21,046,942		$ 10,612,567		$ 20,359,617
[1]	items restated
[2]	items reclassified

Restatement of previously is116

Restatement of previously issued financial statements and financial information (Narrative) (Details) - USD ($)		3 Months Ended																6 Months Ended		9 Months Ended		12 Months Ended
		Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2013		Sep. 30, 2013		Jun. 30, 2013		Mar. 31, 2013		Jun. 30, 2014	Jun. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Restatement of previously issued financial statements and financial information
REVENUES		$ 5,454,503	[1]	$ 4,445,239	[1]	$ 5,072,440	[1]	$ 5,384,265	[1]	$ 5,523,647	[1]	$ 4,123,794	[1]	$ 3,564,249	[1]	$ 6,240,114	[1]	$ 10,456,705	$ 9,804,363	$ 14,901,944	$ 13,928,157	$ 20,356,447	$ 19,451,804	$ 29,202,188
Deferred revenue current		8,813,385		595,712		632,104		671,879		271,767		428,473		482,381		281,536		632,104	482,381	595,712	428,473	8,813,385	271,767
Deferred revenue	[1]	11,247,642		8,384,555		5,175,014		3,446,294		2,636,156		2,317,364		1,726,136		637,922		5,175,014	1,726,136	8,384,555	2,317,364	$ 11,247,642	2,636,156
Expected amortization term of deferred revenue																						5 years
Accounts receivable	[1]	8,877,213		5,847,424		6,924,756		5,033,667		5,094,847		3,194,819		2,865,751		4,502,499		6,924,756	2,865,751	5,847,424	3,194,819	$ 8,877,213	5,094,847
NET LOSS		$ (4,943,322)	[1]	(5,246,687)	[1]	(6,450,203)	[1]	(5,221,705)	[1]	(6,583,527)	[1]	(4,306,781)	[1]	(9,122,457)	[1]	(5,494,308)	[1]	(11,671,908)	(14,616,765)	(16,918,595)	(18,923,545)	$ (21,861,917)	(25,507,072)	$ (23,131,936)
As previously reported [Member]
Restatement of previously issued financial statements and financial information
REVENUES				7,298,988		6,911,768		6,479,853				5,204,982		4,994,145		6,596,500		13,391,621	11,590,645	20,690,609	16,795,627		22,827,261
Deferred revenue current				127,456		163,848		203,623		142,731		428,473		482,381		281,536		163,848	482,381	127,456	428,473		142,731
Accounts receivable				6,754,447		8,223,963		6,262,041		5,976,879		4,173,398		3,408,278		4,502,499		8,223,963	3,408,278	6,754,447	4,173,398		5,976,879
NET LOSS				(2,392,938)		(4,610,875)		(4,126,117)				(3,225,593)		(7,692,561)		(5,137,922)		(8,736,992)	(12,830,483)	(11,129,930)	(16,056,075)		(22,131,615)
Restatement change [Member]
Restatement of previously issued financial statements and financial information
REVENUES				(2,853,749)		(1,839,328)		(1,095,588)				$ (1,081,188)		$ (1,429,896)		$ (356,386)		(2,934,916)	$ (1,786,282)	(5,788,665)	$ (2,867,470)		$ (3,375,457)
Increase (decrease) in revenue (as a percent)																							15.00%
Deferred revenue current				468,256		468,256		468,256		129,036								468,256		468,256			$ 129,036
Deferred revenue										2,493,425													$ 2,493,425
Increase (decrease) in deferred revenue (as a percent)																							1747.00%
Accounts receivable				(907,023)		(1,299,207)		(1,228,374)		$ (882,032)		$ (978,579)		$ (542,527)				(1,299,207)	$ (542,527)	(907,023)	$ (978,579)		$ (882,032)
Increase (decrease) in accounts receivable (as a percent)																							15.00%
NET LOSS				$ (2,853,749)		$ (1,839,328)		$ (1,095,588)				$ (1,081,188)		$ (1,429,896)		$ (356,386)		$ (2,934,916)	$ (1,786,282)	$ (5,788,665)	$ (2,867,470)		$ (3,375,457)
[1]	items restated

Restatement of previously is117

Restatement of previously issued financial statements and financial information (CONSOLIDATED BALANCE SHEET) (Details) - USD ($)		Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2013		Sep. 30, 2013		Jun. 30, 2013		Mar. 31, 2013		Dec. 31, 2012	Dec. 31, 2011
CURRENT ASSETS
Cash and cash equivalents		$ 1,904,160		$ 1,176,650		$ 829,388		$ 3,918,046		$ 1,252,315		$ 6,085,215		$ 2,979,673		$ 570,579		$ 1,233,268	$ 6,009,576
Financing receivables		2,000,000
Restricted cash		312,935		169,536		191,703		192,161		$ 191,600		495,983		483,120		664,679
Accounts receivable, net of an allowance for doubtful accounts	[1]	8,877,213		5,847,424		6,924,756		5,033,667		5,094,847		3,194,819		2,865,751		4,502,499
Prepaid expenses and other current assets		2,478,681		2,319,310		2,619,882		2,147,686		2,254,213		2,531,602		2,194,320		2,342,762
Total current assets		15,572,989		9,512,920		10,565,729		11,291,560		8,792,975		12,307,619		8,522,864		8,080,519
NON-CURRENT ASSETS
OTHER ASSETS		1,600,335		1,093,977		1,288,246		1,357,728		1,412,408		1,382,857		621,182		898,001
PROPERTY AND EQUIPMENT, NET		19,319,202		19,603,707		20,711,832		19,954,703		19,786,122		18,663,407		17,065,123		12,674,383
INTANGIBLE ASSETS, NET		5,076,208		6,000,884		7,122,940		7,903,149		8,670,677		9,412,581		9,966,563		9,495,999
GOODWILL		3,352,264		3,490,242		3,740,646		3,769,199		3,773,226		3,707,903		3,381,418		3,330,438
TOTAL ASSETS		44,920,998	[1]	39,701,730	[1]	43,429,393	[1]	44,276,339	[1]	42,435,408	[1]	45,474,367	[1]	39,557,150	[1]	34,479,340	[1]	37,475,541
CURRENT LIABILITIES
Overdraft		433,366		425,144		413,958		402,234		391,436		380,550		369,859		359,017
Accounts payable and customer deposits		1,856,014		2,063,304		2,305,933		2,419,325		2,586,662		4,905,101		4,809,726		5,738,518
Obligations under capital leases (current portion)		1,831,050		1,828,083		1,898,346		1,348,705		1,302,838
Deferred Revenue		8,813,385		595,712		632,104		671,879		271,767		428,473		482,381		281,536
Accrued expenses and other payables		4,061,652		5,804,999		6,592,945		5,936,989		4,961,303		5,816,271		6,566,324		4,149,966
8% Convertible Note																4,701,714
Loans payable		$ 962,269		961,550		963,051		962,269		962,654		962,418		962,418		961,525
Related Party Loan (net of Debt Discount)								1,812,506		1,033,719		267,393		975,763
Total current liabilities		$ 29,158,842		11,678,792		12,806,337		13,553,907		11,510,379		12,760,206		14,166,471		16,192,276
LONG TERM LIABILITIES
10% 3rd Party Loan (net of Debt Discount)				4,663,227		4,940,798		4,876,914		4,779,913		4,477,780
10% Related Party Loan (net of Debt Discount)						2,711,844
8% Convertible Note																1,083,932
Warrant liabilities		$ 2,087,992		2,248,169		2,144,858		2,183,806		1,973,534		4,116,480		5,291,351
Conversion feature																451,779
Trade note payable												593,903		869,450
Non-current portion of obligation under capital leases		272,460		261,912		487,728		465,954		845,529
Non-current portion of deferred revenue		$ 2,434,257		7,788,843		4,542,910		2,774,415		2,364,389		1,888,891		1,243,755		356,386
Loan from joint venture partner						626,534		614,169		602,047		590,165		578,518		567,100
Total long term liabilities		$ 5,149,589		14,962,151		15,454,672		10,915,258		10,565,412		11,667,219		7,983,074		2,459,197
Total liabilities		$ 34,308,431		$ 26,640,943		$ 28,261,009		$ 24,469,165		$ 22,075,791		$ 24,427,425		$ 22,149,545		$ 18,651,473
Commitments and Contingencies
STOCKHOLDERS' EQUITY
Preferred Stock $0.00001 par value, 50,000,000 shares authorized, 0 issued and outstanding
Common Stock value		$ 264,359,674		$ 260,616,570		$ 255,328,306		$ 253,383,860		$ 248,712,321		$ 243,294,324		$ 236,377,879		$ 225,902,751
Accumulated other comprehensive income (loss)		(3,127,132)		(2,003,871)		121,636		267,650		269,869		(242,647)		(1,266,977)		(1,493,852)
Accumulated deficit		(250,629,296)		(245,685,974)		(240,425,532)		(233,989,084)		(228,767,379)		(222,183,854)		(217,877,073)		(208,754,616)
Elephant Talk Communications, Corp. stockholders' equity		10,603,246		12,926,725		15,024,410		19,662,426		20,214,811		20,867,823		17,233,829		15,654,283		19,973,510	$ 34,917,233
NON-CONTROLLING INTEREST		9,321		134,062		143,974		144,748		144,806		179,119		173,776		173,584
Total stockholders' equity	[1]	10,612,567		13,060,787		15,168,384		19,807,174		20,359,617		21,046,942		17,407,605		15,827,867
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY		$ 44,920,998		39,701,730		43,429,393		44,276,339		42,435,408		45,474,367		39,557,150		34,479,340
As previously reported [Member]
CURRENT ASSETS
Cash and cash equivalents				1,176,650		829,388		3,918,046		1,252,315		6,085,215		2,979,673		570,579		$ 1,233,268
Restricted cash				169,536		191,703		192,161		191,600		495,983		483,120		664,679
Accounts receivable, net of an allowance for doubtful accounts				6,754,447		8,223,963		6,262,041		5,976,879		4,173,398		3,408,278		4,502,499
Prepaid expenses and other current assets				2,319,310		2,619,882		2,147,686		2,254,213		2,531,602		2,194,320		2,342,762
Total current assets				10,419,943		11,864,936		12,519,934		9,675,007		13,286,198		9,065,391		8,080,519
NON-CURRENT ASSETS
OTHER ASSETS				1,093,977		1,288,246		1,357,728		1,412,408		1,382,857		621,182		898,001
PROPERTY AND EQUIPMENT, NET				19,603,707		20,711,832		19,954,703		19,786,122		18,663,407		17,065,123		12,674,383
INTANGIBLE ASSETS, NET				6,000,884		7,122,940		7,903,149		8,670,677		9,412,581		9,966,563		9,495,999
GOODWILL				3,490,242		3,740,646		3,769,199		3,773,226		3,707,903		3,381,418		3,330,438
TOTAL ASSETS				40,608,753		44,728,600		45,504,713		43,317,440		46,452,946		40,099,677		34,479,340
CURRENT LIABILITIES
Overdraft				425,144		413,958		402,234		391,436		380,550		369,859		359,017
Accounts payable and customer deposits				2,063,304		2,305,933		2,419,325		2,586,662		4,905,101		4,809,726		5,738,518
Obligations under capital leases (current portion)				1,828,083		1,898,346		1,348,705		1,302,838
Deferred Revenue				127,456		163,848		203,623		142,731		428,473		482,381		281,536
Accrued expenses and other payables				5,804,999		6,592,945		5,936,989		4,961,303		5,816,271		6,566,324		4,149,966
8% Convertible Note																4,701,714
Loans payable				961,550		963,051		962,269		962,654		962,418		962,418		961,525
Related Party Loan (net of Debt Discount)								1,812,506		1,033,719		267,393		975,763
Total current liabilities				11,210,536		12,338,081		13,085,651		11,381,343		12,760,206		14,166,471		16,192,276
LONG TERM LIABILITIES
10% 3rd Party Loan (net of Debt Discount)				4,663,227		4,940,798		4,876,914		4,779,913		4,477,780
10% Related Party Loan (net of Debt Discount)						2,711,844
8% Convertible Note																1,083,932
Warrant liabilities				2,248,169		2,144,858		2,183,806		1,973,534		4,116,480		5,291,351
Conversion feature																$ 451,779
Trade note payable												$ 593,903		$ 869,450
Non-current portion of obligation under capital leases				$ 261,912		$ 487,728		$ 465,954		$ 845,529
Non-current portion of deferred revenue
Loan from joint venture partner						$ 626,534		$ 614,169		$ 602,047		$ 590,165		$ 578,518		$ 567,100
Total long term liabilities				$ 7,173,308		10,911,762		8,140,843		8,201,023		9,778,328		6,739,319		2,102,811
Total liabilities				$ 18,383,844		$ 23,249,843		$ 21,226,494		$ 19,582,366		$ 22,538,534		$ 20,905,790		$ 18,295,087
Commitments and Contingencies
STOCKHOLDERS' EQUITY
Preferred Stock $0.00001 par value, 50,000,000 shares authorized, 0 issued and outstanding
Common Stock value				$ 260,616,570		$ 255,328,306		$ 253,383,860		$ 248,712,321		$ 243,294,324		$ 236,377,879		$ 225,902,751
Accumulated other comprehensive income (loss)				(2,003,871)		121,636		267,650		269,869		(242,647)		(1,266,977)		(1,493,852)
Accumulated deficit				(236,521,852)		(234,115,159)		(229,518,039)		(225,391,922)		(219,316,384)		(216,090,791)		(208,398,230)
Elephant Talk Communications, Corp. stockholders' equity				22,090,847		21,334,783		24,133,471		23,590,268		23,735,293		19,020,111		16,010,669
NON-CONTROLLING INTEREST				134,062		143,974		144,748		144,806		179,119		173,776		173,584
Total stockholders' equity				22,224,909		21,478,757		24,278,219		23,735,074		23,914,412		19,193,887		16,184,253
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY				$ 40,608,753		$ 44,728,600		$ 45,504,713		$ 43,317,440		$ 46,452,946		$ 40,099,677		$ 34,479,340
Restatement change [Member]
CURRENT ASSETS
Cash and cash equivalents
Restricted cash
Accounts receivable, net of an allowance for doubtful accounts				$ (907,023)		$ (1,299,207)		$ (1,228,374)		$ (882,032)		$ (978,579)		$ (542,527)
Prepaid expenses and other current assets
Total current assets				$ (907,023)		$ (1,299,207)		$ (1,228,374)		$ (882,032)		$ (978,579)		$ (542,527)
NON-CURRENT ASSETS
OTHER ASSETS
PROPERTY AND EQUIPMENT, NET
INTANGIBLE ASSETS, NET
GOODWILL
TOTAL ASSETS				$ (907,023)		$ (1,299,207)		$ (1,228,374)		$ (882,032)		$ (978,579)		$ (542,527)
CURRENT LIABILITIES
Overdraft
Accounts payable and customer deposits
Obligations under capital leases (current portion)
Deferred Revenue				$ 468,256		$ 468,256		$ 468,256		$ 129,036
Accrued expenses and other payables
8% Convertible Note
Loans payable
Related Party Loan (net of Debt Discount)
Total current liabilities				$ 468,256		$ 468,256		$ 468,256		$ 129,036
LONG TERM LIABILITIES
10% 3rd Party Loan (net of Debt Discount)
10% Related Party Loan (net of Debt Discount)
8% Convertible Note
Warrant liabilities
Conversion feature
Trade note payable
Non-current portion of obligation under capital leases
Non-current portion of deferred revenue				$ 7,788,843		$ 4,542,910		$ 2,774,415		$ 2,364,389		$ 1,888,891		$ 1,243,755		$ 356,386
Loan from joint venture partner
Total long term liabilities				7,788,843		$ 4,542,910		$ 2,774,415		$ 2,364,389		$ 1,888,891		$ 1,243,755		$ 356,386
Total liabilities				$ 8,257,099		$ 5,011,166		$ 3,242,671		$ 2,493,425		$ 1,888,891		$ 1,243,755		$ 356,386
Commitments and Contingencies
STOCKHOLDERS' EQUITY
Preferred Stock $0.00001 par value, 50,000,000 shares authorized, 0 issued and outstanding
Common Stock value
Accumulated other comprehensive income (loss)
Accumulated deficit				$ (9,164,122)		$ (6,310,373)		$ (4,471,045)		$ (3,375,457)		$ (2,867,470)		$ (1,786,282)		$ (356,386)
Elephant Talk Communications, Corp. stockholders' equity				$ (9,164,122)		$ (6,310,373)		$ (4,471,045)		$ (3,375,457)		$ (2,867,470)		$ (1,786,282)		$ (356,386)
NON-CONTROLLING INTEREST
Total stockholders' equity				$ (9,164,122)		$ (6,310,373)		$ (4,471,045)		$ (3,375,457)		$ (2,867,470)		$ (1,786,282)		$ (356,386)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY				$ (907,023)		$ (1,299,207)		$ (1,228,374)		$ (882,032)		$ (978,579)		$ (542,527)
[1]	items restated

Restatement of previously is118

Restatement of previously issued financial statements and financial information (CONSOLIDATED BALANCE SHEET) (Parenthetical) (Details) - USD ($)	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Aug. 28, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012
Accounts receivable, allowance for doubtful accounts	$ 0	$ 0	$ 29,547	$ 11,307	$ 7,693	$ 559,120		$ 486,591	$ 558,438
Preferred stock, par or stated value per share	$ 0.00001	$ 0.00001	$ 0.00001	$ 0.00001	$ 0.00001	$ 0.00001		$ 0.00001	$ 0.00001
Preferred stock, shares authorized	50,000,000	50,000,000	50,000,000	50,000,000	50,000,000	50,000,000		50,000,000	50,000,000
Preferred stock, shares issued	0	0	0	0	0	0		0	0
Preferred stock, shares outstanding	0	0	0	0	0	0		0	0
Common stock, par value per share	$ 0.00001	$ 0.00001	$ 0.00001	$ 0.00001	$ 0.00001	$ 0.00001		$ 0	$ 0	$ 0.0001
Common stock, shares authorized	250,000,000	250,000,000	250,000,000	250,000,000	250,000,000	250,000,000		250,000,000	250,000,000	250,000,000
Common stock, shares issued	154,671,258	151,312,189	146,525,302	146,364,577	140,466,801	134,440,221		133,139,900	113,369,656
Common stock, shares outstanding	154,671,258	151,312,189	146,525,302	146,364,577	140,466,801	134,440,221		133,139,900	113,369,656	111,918,386
Convertible Note One [Member]
Discount on debt				$ 937,814	$ 1,719,585	$ 2,385,206
Convertible Note Two [Member]
Discount on debt	$ 0	$ 410,853	$ 518,463	$ 623,726	$ 726,695	$ 827,421	$ 864,394
Convertible Note Three [Member]
Discount on debt			$ 17,786

Restatement of previously is119

Restatement of previously issued financial statements and financial information (CONSOLIDATED STATEMENT OF COMPREHENSIVE LOSS) (Details) - USD ($)	3 Months Ended																6 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2014		Sep. 30, 2014		Jun. 30, 2014		Mar. 31, 2014		Dec. 31, 2013		Sep. 30, 2013		Jun. 30, 2013		Mar. 31, 2013		Jun. 30, 2014	Jun. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS [Abstract]
REVENUES	$ 5,454,503	[1]	$ 4,445,239	[1]	$ 5,072,440	[1]	$ 5,384,265	[1]	$ 5,523,647	[1]	$ 4,123,794	[1]	$ 3,564,249	[1]	$ 6,240,114	[1]	$ 10,456,705	$ 9,804,363	$ 14,901,944	$ 13,928,157	$ 20,356,447	$ 19,451,804	$ 29,202,188
COST AND OPERATING EXPENSES
Cost of service	1,638,961	[2]	1,565,054	[2]	1,848,687	[2]	1,635,972	[2]	1,735,019	[2]	1,548,576	[2]	2,144,899	[2]	3,960,803	[2]	3,484,659	6,105,702	5,049,713	7,654,278	6,688,674	9,389,297	23,002,961
Product development	1,529,212	[2]	1,707,102	[2]	2,280,532	[2]	1,711,817	[2]	1,568,276	[2]	1,354,105	[2]	1,819,480	[2]	1,349,623	[2]	3,992,349	3,169,103	5,699,451	4,523,208	7,228,663	6,091,484	6,803,509
Sales and marketing	609,515	[2]	555,519	[2]	664,807	[2]	563,835	[2]	910,002	[2]	623,644	[2]	882,418	[2]	722,952	[2]	1,228,642	1,605,370	1,784,161	2,229,013	2,393,676	3,139,015	3,706,975
General and administrative	2,839,072	[2]	3,248,243	[2]	3,467,339	[2]	3,047,947	[2]	4,551,557	[2]	2,996,718	[2]	4,091,492	[2]	3,422,873	[2]	6,515,286	7,514,365	9,763,529	10,511,083	12,602,601	15,062,640	11,492,160
Depreciation and amortization	2,383,362		1,900,251		1,928,392		2,008,214		1,901,340		1,543,687		1,836,231		1,319,988		3,936,606	3,156,219	5,836,857	4,699,906	8,220,219	6,601,246	5,710,396
Total cost and operating expenses	9,000,122		8,976,169		10,189,757		8,967,785		10,666,194		8,066,730		10,774,520		10,776,239		19,157,542	21,550,759	28,133,711	29,617,488	37,133,833	40,283,682	50,716,001
LOSS FROM OPERATIONS	(3,545,619)	[1]	(4,530,930)	[1]	(5,117,317)	[1]	(3,583,520)	[1]	(5,142,547)	[1]	(3,942,936)	[1]	(7,210,271)	[1]	(4,536,125)	[1]	(8,700,837)	(11,746,396)	(13,231,767)	(15,689,331)	(16,777,386)	(20,831,878)	(21,513,813)
OTHER INCOME (EXPENSE)
Interest income			36,684		29,545		27,611				33,773		21,527		33,721		57,156	55,247	93,840	89,020	127,793	103,627	248,017
Interest expense			(260,295)		(333,214)		(301,944)				(181,074)		(208,144)		(223,752)		(635,158)	(431,896)	(895,453)	(612,970)	(1,240,590)	(1,064,999)	(780,852)
Interest expense related to debt discount and conversion feature			(1,287,717)		(1,025,292)		(884,740)				$ (259,795)		(502,972)		(558,028)		(1,910,032)	(1,061,000)	(3,197,749)	(1,320,795)	$ (3,935,839)	(2,069,649)	(1,089,126)
Change in fair value of conversion feature													372,059		(139,792)			232,267		232,267		232,267	$ 2,387,326
Changes in fair value of warrant liabilities			(103,311)		$ 38,948		(210,272)				$ 173,333		346,016				(171,324)	$ 346,016	(274,635)	$ 519,349	$ (114,458)	$ 479,322
Impairment of related party loans																							$ 1,060,784
Net loss from joint venture																							$ (501,776)
Gain / (Loss) on Extinguishment of Debt			626,534				(426)				(44,506)		(1,938,597)				(426)	$ (1,938,597)	626,108	$ (1,983,103)	$ 626,108	$ (2,005,100)
Other income & (expense), net			301,199		$ 68,008		3,390										71,398		372,597		176,981	(302,112)
Amortization of deferred financing costs			(73,789)		(113,090)		(136,367)				(44,076)		(2,075)		(70,332)		(249,457)	(72,406)	(323,246)	(116,482)	(507,595)	(248,851)	$ (531,792)
Total other income (expense)	(1,269,062)		(760,695)		(1,335,095)		(1,502,748)		(1,682,781)		(322,345)		(1,912,186)		(958,183)		(2,837,843)	(2,870,369)	(3,598,538)	(3,192,714)	(4,867,600)	(4,875,495)	(1,328,987)
LOSS BEFORE (BENEFIT) PROVISION FOR INCOME TAXES			(5,291,625)		(6,452,412)		(5,086,268)				(4,265,281)		$ (9,122,457)		$ (5,494,308)		(11,538,680)	$ (14,616,765)	(16,830,305)	(18,882,045)	(21,644,986)	(25,707,373)	(22,842,800)
(Benefit) / provision for income taxes			(44,938)		(2,209)		135,437				41,500						133,228		88,290	41,500	216,931	(200,301)	289,136
NET LOSS	$ (4,943,322)	[1]	(5,246,687)	[1]	(6,450,203)	[1]	(5,221,705)	[1]	$ (6,583,527)	[1]	(4,306,781)	[1]	$ (9,122,457)	[1]	$ (5,494,308)	[1]	(11,671,908)	$ (14,616,765)	(16,918,595)	(18,923,545)	(21,861,917)	(25,507,072)	(23,131,936)
OTHER COMPREHENSIVE (LOSS) INCOME
Foreign currency translation gain (loss)			(2,273,740)		(148,233)		(2,219)				489,443		(534,887)		(761,762)		(150,452)	(1,296,649)	(2,424,192)	(807,208)	(3,397,001)	1,001,959	411,205
Total Other Comprehensive Income (Loss), Net of Tax											489,443		(534,887)		(761,762)			(1,296,649)		(807,208)
COMPREHENSIVE LOSS			$ (7,520,427)		$ (6,598,436)		$ (5,223,924)				$ (3,817,338)		$ (9,657,344)		$ (6,256,070)		$ (11,822,360)	$ (15,913,414)	$ (19,342,787)	$ (19,730,753)	$ (25,258,918)	$ (24,505,113)	$ (22,720,731)
Net loss per common share and equivalents - basic and diluted			$ (0.04)		$ (0.04)		$ (0.04)				$ (0.03)		$ (0.08)		$ (0.05)		$ (0.08)	$ (0.13)	$ (0.12)	$ (0.16)	$ (0.15)	$ (0.20)	$ (0.21)
Weighted average shares outstanding during the period - basic and diluted			149,468,618		146,482,547		141,752,128				134,440,221		118,686,598		112,748,951		144,130,543	115,734,177	145,929,455	122,038,045	147,700,233	126,259,634	111,322,029
As previously reported [Member]
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS [Abstract]
REVENUES			$ 7,298,988		$ 6,911,768		$ 6,479,853				$ 5,204,982		$ 4,994,145		$ 6,596,500		$ 13,391,621	$ 11,590,645	$ 20,690,609	$ 16,795,627		$ 22,827,261
COST AND OPERATING EXPENSES
Cost of service			$ 848,771		$ 828,581		983,464				1,080,174		1,465,517		3,548,277		$ 1,812,045	5,013,794	$ 2,660,816	6,093,968		$ 7,149,153
Product development							5,976,107
Sales and marketing							563,835						7,472,772
General and administrative			$ 6,227,147		$ 7,432,784		3,047,947				5,442,869		1,836,231		5,907,974		$ 13,408,891	13,380,746	$ 19,636,038	18,823,614		$ 26,533,283
Depreciation and amortization			1,900,251		1,928,392		2,008,214				1,543,687		1,836,231		1,319,988		3,936,606	3,156,219	5,836,857	4,699,906		6,601,246
Total cost and operating expenses			8,976,169		10,189,757		8,967,785				8,066,730		10,774,520		10,776,239		19,157,542	21,550,759	28,133,711	29,617,488		40,283,682
LOSS FROM OPERATIONS			(1,677,181)		(3,277,989)		(2,487,932)				(2,861,748)		(5,780,375)		(4,179,739)		(5,765,921)	(9,960,114)	(7,443,102)	(12,821,861)		(17,456,421)
OTHER INCOME (EXPENSE)
Interest income			36,684		29,545		27,611				33,773		21,527		33,721		57,156	55,247	93,840	89,020		103,627
Interest expense			(260,295)		(333,214)		(301,944)				(181,074)		(208,144)		(223,752)		(635,158)	(431,896)	(895,453)	(612,970)		(1,064,999)
Interest expense related to debt discount and conversion feature			(1,287,717)		(1,025,292)		(884,740)				$ (259,795)		(502,972)		(558,028)		(1,910,032)	(1,061,000)	(3,197,749)	(1,320,795)		(2,069,649)
Change in fair value of conversion feature													372,059		(139,792)			232,267		232,267		232,267
Changes in fair value of warrant liabilities			(103,311)		$ 38,948		(210,272)				$ 173,333		346,016				(171,324)	$ 346,016	(274,635)	$ 519,349		479,322
Net loss from joint venture
Gain / (Loss) on Extinguishment of Debt			626,534				(426)				(44,506)		(1,938,597)				(426)	$ (1,938,597)	626,108	$ (1,983,103)		(2,005,100)
Other income & (expense), net			301,199		$ 68,008		3,390										71,398		372,597			(302,112)
Amortization of deferred financing costs			(73,789)		(113,090)		(136,367)				(44,076)		(2,075)		(70,332)		(249,457)	(72,406)	(323,246)	(116,482)		(248,851)
Total other income (expense)			(760,695)		(1,335,095)		(1,502,748)				(322,345)		(1,912,186)		(958,183)		(2,837,843)	(2,870,369)	(3,598,538)	(3,192,714)		(4,875,495)
LOSS BEFORE (BENEFIT) PROVISION FOR INCOME TAXES			(2,437,876)		(4,613,084)		(3,990,680)				(3,184,093)		$ (7,692,561)		$ (5,137,922)		(8,603,764)	$ (12,830,483)	(11,041,640)	(16,014,575)		(22,331,916)
(Benefit) / provision for income taxes			(44,938)		(2,209)		135,437				41,500						133,228		88,290	41,500		(200,301)
NET LOSS			(2,392,938)		(4,610,875)		(4,126,117)				(3,225,593)		$ (7,692,561)		$ (5,137,922)		(8,736,992)	$ (12,830,483)	(11,129,930)	(16,056,075)		(22,131,615)
OTHER COMPREHENSIVE (LOSS) INCOME
Foreign currency translation gain (loss)			(2,273,740)		(148,233)		(2,219)				489,443		(534,887)		(761,762)		(150,452)	(1,296,649)	(2,424,192)	(807,208)		1,001,959
Total Other Comprehensive Income (Loss), Net of Tax											489,443		(534,887)		(761,762)			(1,296,649)		(807,208)
COMPREHENSIVE LOSS			$ (4,666,678)		$ (4,759,108)		$ (4,128,336)				$ (2,736,150)		$ (8,227,448)		$ (5,899,684)		$ (8,887,444)	$ (14,127,132)	$ (13,554,122)	$ (16,863,283)		$ (21,129,656)
Net loss per common share and equivalents - basic and diluted			$ (0.02)		$ (0.03)		$ (0.03)				$ (0.02)		$ (0.06)		$ (0.05)		$ (0.06)	$ (0.11)	$ (0.08)	$ (0.13)		$ (0.17)
Weighted average shares outstanding during the period - basic and diluted			149,468,618		146,482,547		141,752,128				134,440,221		118,686,598		112,748,951		144,130,543	115,734,177	145,929,455	122,038,045		126,259,634
Restatement adjustments/Re-classifications
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS [Abstract]
REVENUES			$ (2,853,749)		$ (1,839,328)		$ (1,095,588)				$ (1,081,188)		$ (1,429,896)		$ (356,386)		$ (2,934,916)	$ (1,786,282)	$ (5,788,665)	$ (2,867,470)		$ (3,375,457)
COST AND OPERATING EXPENSES
Cost of service			716,283		1,020,106		652,508				468,402		679,382		412,526		1,672,614	1,091,908	2,388,897	1,560,310		2,240,144
Product development			1,707,102		2,280,532		1,711,817				1,354,105		1,819,480		1,349,623		3,992,349	3,169,103	5,699,451	4,523,208		6,091,484
Sales and marketing			555,519		664,807		563,835				623,644		882,418		722,952		1,228,642	1,605,370	1,784,161	2,229,013		3,139,015
General and administrative			$ (2,978,904)		$ (3,965,446)		$ (2,928,159)				$ (2,446,151)		$ (3,381,280)		$ (2,485,101)		$ (6,893,605)	$ (5,866,381)	$ (9,872,509)	$ (8,312,530)		$ (11,470,643)
Depreciation and amortization
Total cost and operating expenses
LOSS FROM OPERATIONS			$ (2,853,749)		$ (1,839,328)		$ (1,095,588)				$ (1,081,188)		$ (1,429,896)		$ (356,386)		$ (2,934,916)	$ (1,786,282)	$ (5,788,665)	$ (2,867,470)		$ (3,375,457)
OTHER INCOME (EXPENSE)
Interest income
Interest expense
Interest expense related to debt discount and conversion feature
Change in fair value of conversion feature
Changes in fair value of warrant liabilities
Net loss from joint venture
Gain / (Loss) on Extinguishment of Debt
Other income & (expense), net
Amortization of deferred financing costs
Total other income (expense)
LOSS BEFORE (BENEFIT) PROVISION FOR INCOME TAXES			$ (2,853,749)		$ (1,839,328)		$ (1,095,588)				$ (1,081,188)		$ (1,429,896)		$ (356,386)		$ (2,934,916)	$ (1,786,282)	$ (5,788,665)	$ (2,867,470)		$ (3,375,457)
(Benefit) / provision for income taxes
NET LOSS			$ (2,853,749)		$ (1,839,328)		$ (1,095,588)				$ (1,081,188)		$ (1,429,896)		$ (356,386)		$ (2,934,916)	$ (1,786,282)	$ (5,788,665)	$ (2,867,470)		$ (3,375,457)
OTHER COMPREHENSIVE (LOSS) INCOME
Foreign currency translation gain (loss)
Total Other Comprehensive Income (Loss), Net of Tax
COMPREHENSIVE LOSS			$ (2,853,749)		$ (1,839,328)		$ (1,095,588)				$ (1,081,188)		$ (1,429,896)		$ (356,386)		$ (2,934,916)	$ (1,786,282)	$ (5,788,665)	$ (2,867,470)		$ (3,375,457)
Net loss per common share and equivalents - basic and diluted
Weighted average shares outstanding during the period - basic and diluted
[1]	items restated
[2]	items reclassified

Restatement of previously is120

Restatement of previously issued financial statements and financial information (CONSOLIDATED STATEMENTS OF CASH FLOWS) (Details) - USD ($)	3 Months Ended								6 Months Ended		9 Months Ended		12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Jun. 30, 2014	Jun. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss				$ (5,221,705)				$ (5,494,308)	$ (11,671,908)	$ (14,616,765)	$ (16,918,595)	$ (18,923,546)	$ (21,861,917)	$ (25,507,072)	$ (23,131,936)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization	$ 2,383,362	$ 1,900,251	$ 1,928,392	2,008,214	$ 1,901,340	$ 1,543,687	$ 1,836,231	1,319,988	3,936,606	3,156,219	5,836,857	4,699,906	8,220,219	6,601,246	5,710,396
Provision for doubtful accounts				611				5,620	18,865	(68,679)	$ (10,661)	22,131	17,410	22,005	117,394
Provision for income taxes												41,500
Stock-based compensation				$ 771,724				1,410,910	2,674,261	4,405,959	$ 3,536,680	5,639,124	$ 3,888,275	8,515,391	6,302,141
Change in fair value of conversion feature								139,792		2,493,720		2,668,764		(232,267)	$ (2,387,326)
Change in the fair value of the warrant liability		103,311	(38,948)	$ 210,272		(173,333)	(346,016)		171,324	(346,016)	$ 274,635	(519,349)	$ 114,458	(479,322)
Amortization of deferred financing costs				136,367				70,332	249,457		323,246		507,595	248,851	$ 531,792
Interest expense relating to debt discount and conversion feature		1,287,717	$ 1,025,292	884,740		259,795	502,972	558,028	1,910,032	1,061,000	3,197,749	1,320,795	3,935,839	2,069,649	$ 1,089,126
Unrealized foreign currency translation gain/(loss)				(3,390)					(71,398)		(501,571)		(176,981)	302,112
(Profit) / Loss on Extinguishment of Debt		(626,534)		426		44,506	1,938,597		426	$ 1,938,597	(626,108)	$ 1,983,103	$ (626,108)	$ 2,005,100
Financial Investments in Joint Venture															$ 501,776
Loans to related party impairment charge															1,060,784
Changes in operating assets and liabilities, net of acquired assets and assumed liabilities:
Decrease (increase) in restricted cash														$ 1,052,257	(1,040,074)
Decrease (increase) in accounts receivable				52,538				479,823	(1,914,324)	$ 2,221,864	(1,345,278)	$ 2,033,031	$ (4,464,754)	799,269	1,292,883
Decrease (increase) in prepaid expenses, deposits and other assets				165,627				(548,584)	(346,129)	(406,790)	(101,971)	(666,991)	(94,528)	(465,026)	(247,443)
Increase (decrease) in accounts payable, proceeds from related parties and customer deposits				319,553				758,072	210,932	(241,952)	362,685	(2,030,393)	(565,040)	(3,415,032)	272,500
Increase (decrease) in deferred revenue				809,561				395,121	2,537,091	1,490,510	5,755,065	2,066,526	8,623,960	2,374,639	114,673
Increase (decrease) in accrued expenses and other payables				643,281				602,395	1,909,830	476,333	1,493,168	1,859,634	378,637	140,514	1,014,042
Increase (decrease) in non-cash accrued expenses related to extinguishment of Debt												(890,997)
Net cash (used) in operating activities				777,819				(302,811)	(384,935)	(1,089,581)	1,275,901	(3,481,311)	(2,102,935)	(5,967,686)	(8,799,272)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment				(1,802,951)				(604,029)	(3,922,724)	(2,262,540)	$ (5,611,023)	(4,108,507)	$ (7,851,460)	$ (5,898,169)	(2,224,923)
Cash received from acquisition of subsidiary															36,188
Loans to related party															(1,060,784)
Loans to joint venture partners															(146,496)
Loan to third party												(125,000)	$ (100,000)	$ (163,542)	(111,023)
Net cash used in investing activities				(1,802,951)				(604,029)	(3,922,724)	(2,262,540)	$ (5,611,023)	(4,233,507)	$ (7,987,925)	(6,061,711)	$ (3,653,534)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from 12% Unsecured Loan from Related Party										1,290,790		1,290,790		1,290,790
Proceeds from Share Purchase Agreement - Unregistered securities										225,000		225,000		225,000
Proceeds from Share Purchase Agreement - Registered direct										7,500,000		7,500,000		7,500,000
Proceeds from Share Purchase Agreement Related Party										4,500,000		4,500,000		4,500,000
Fundraising fees									(90,000)	(707,500)		(1,362,124)		(707,500)
Proceeds from 2013 10% Related Party Convertible Note												2,652,600		2,652,600
Proceeds from 2013 10% 3rd Party Convertible Note												5,305,200		$ 5,305,200
Proceeds from 8% convertible note, net of original issue discount															$ 8,000,000
Financing related fees				(90,000)							$ (125,793)
Payments on 8% Convertible Note installment payments and interest								(405,000)		(8,490,360)		(8,490,360)		$ (8,642,149)	1,531,293
Exercise of warrants & options				4,093,480				13,797	4,283,033	60,394	$ 4,286,576	78,971	$ 4,462,885	581,142	$ 1,081,925
Cash flow from Escrow account for principal and interest payments on 8% Convertible Notes								556,757		742,427		742,427		742,427
Trade note payable														(512,732)	$ (315,000)
Payment of placement & solicitation fees														(1,362,124)
Interest paid for property and equipment acquired under capital leases											(57,079)
Net cash provided by financing activities				4,003,480				165,554	4,193,033	5,120,751	4,103,704	12,442,504	$ 10,775,048	12,280,154	$ 7,481,061
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS				(312,617)				78,597	(308,301)	(22,225)	155,753	124,261	(32,343)	(231,710)	195,437
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS				2,665,731				(662,689)	(422,927)	1,746,405	(75,665)	4,851,947	651,845	19,047	(4,776,308)
CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD	1,176,650	829,388	$ 3,918,046	1,252,315	6,085,215	2,979,673	570,579	1,233,268	1,252,315	1,233,268	1,252,315	1,233,268	1,252,315	1,233,268	6,009,576
CASH AND CASH EQUIVALENTS, END OF THE PERIOD	1,904,160	1,176,650	829,388	3,918,046	1,252,315	6,085,215	2,979,673	570,579	829,388	2,979,673	1,176,650	6,085,215	1,904,160	1,252,315	1,233,268
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the period for interest													$ 954,123	745,096	504,718
Increase in Share Capital due to Telnicity Acquisition														1,180,000	578,357
Increase in Share Capital for third party settlement													$ 271,350	468,000	342,006
Cash paid during the period for income taxes													$ 56,881	45,930	$ 15,858
Purchase of property and equipment under capital lease agreements														2,620,182
As previously reported [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss				(4,126,117)				(5,137,922)	(8,736,992)	(12,830,483)	(11,129,930)	(16,056,076)		(22,131,615)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization		1,900,251	1,928,392	2,008,214		1,543,687	1,836,231	1,319,988	3,936,606	3,156,219	5,836,857	4,699,906		6,601,246
Provision for doubtful accounts				611				5,620	18,865	(68,679)	$ (10,661)	22,131		22,005
Provision for income taxes												41,500
Stock-based compensation				$ 771,724				1,410,910	2,674,261	4,405,959	$ 3,536,680	5,639,124		8,515,391
Change in fair value of conversion feature								139,792		2,493,720		2,668,764		(232,267)
Change in the fair value of the warrant liability		103,311	(38,948)	$ 210,272		(173,333)	(346,016)		171,324	(346,016)	$ 274,635	(519,349)		(479,322)
Amortization of deferred financing costs				136,367				70,332	249,457		323,246			248,851
Interest expense relating to debt discount and conversion feature		1,287,717	$ 1,025,292	884,740		259,795	502,972	558,028	1,910,032	1,061,000	3,197,749	1,320,795		2,069,649
Unrealized foreign currency translation gain/(loss)				(3,390)					(71,398)		(501,571)			302,112
(Profit) / Loss on Extinguishment of Debt		(626,534)		426		44,506	1,938,597		426	$ 1,938,597	(626,108)	$ 1,983,103		2,005,100
Financial Investments in Joint Venture
Changes in operating assets and liabilities, net of acquired assets and assumed liabilities:
Decrease (increase) in restricted cash														1,052,257
Decrease (increase) in accounts receivable				(293,435)				479,823	(2,329,143)	$ 1,679,337	(1,366,947)	$ 1,054,452		(82,763)
Decrease (increase) in prepaid expenses, deposits and other assets				165,627				(548,584)	(346,129)	(406,790)	(101,971)	(666,991)		(465,026)
Increase (decrease) in accounts payable, proceeds from related parties and customer deposits				319,553				758,072	210,932	(241,952)	362,685	(2,030,393)		(3,415,032)
Increase (decrease) in deferred revenue				59,946				38,735	16,994	246,755	(11,931)	177,635		(118,786)
Increase (decrease) in accrued expenses and other payables				643,707				602,395	1,910,256	476,333	1,493,594	1,859,634		140,514
Increase (decrease) in non-cash accrued expenses related to extinguishment of Debt											(426)	(890,997)
Net cash (used) in operating activities				777,819				(302,811)	(384,935)	(1,089,581)	1,275,901	(3,481,311)		(5,967,686)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment				(1,802,951)				(604,029)	(3,922,724)	(2,262,540)	$ (5,611,023)	(4,108,507)		(5,898,169)
Loan to third party												(125,000)		(163,542)
Net cash used in investing activities				(1,802,951)				(604,029)	(3,922,724)	(2,262,540)	$ (5,611,023)	(4,233,507)		(6,061,711)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from 12% Unsecured Loan from Related Party										1,290,790		1,290,790		1,290,790
Proceeds from Share Purchase Agreement - Unregistered securities										225,000		225,000		225,000
Proceeds from Share Purchase Agreement - Registered direct										7,500,000		7,500,000		7,500,000
Proceeds from Share Purchase Agreement Related Party										4,500,000		4,500,000		4,500,000
Fundraising fees									(90,000)	(707,500)		(1,362,124)
Proceeds from 2013 10% Related Party Convertible Note												2,652,600		2,652,600
Proceeds from 2013 10% 3rd Party Convertible Note												5,305,200		5,305,200
Financing related fees				(90,000)							$ (125,793)
Payments on 8% Convertible Note installment payments and interest								(405,000)		(8,490,360)		(8,490,360)		(8,642,149)
Exercise of warrants & options				4,093,480				13,797	4,283,033	60,394	$ 4,286,576	78,971		581,142
Cash flow from Escrow account for principal and interest payments on 8% Convertible Notes								556,757		742,427		742,427		742,427
Trade note payable														(512,732)
Payment of placement & solicitation fees														(1,362,124)
Interest paid for property and equipment acquired under capital leases											(57,079)
Net cash provided by financing activities				4,003,480				165,554	4,193,033	5,120,751	4,103,704	12,442,504		12,280,154
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS				(312,617)				78,597	(308,301)	(22,225)	155,753	124,261		(231,710)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS				2,665,731				(662,689)	(422,927)	1,746,405	(75,665)	4,851,947		19,047
CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD	$ 1,176,650	829,388	$ 3,918,046	1,252,315	6,085,215	2,979,673	570,579	1,233,268	1,252,315	1,233,268	1,252,315	1,233,268	$ 1,252,315	1,233,268
CASH AND CASH EQUIVALENTS, END OF THE PERIOD		$ 1,176,650	$ 829,388	3,918,046	$ 1,252,315	$ 6,085,215	$ 2,979,673	570,579	829,388	2,979,673	1,176,650	6,085,215		1,252,315	$ 1,233,268
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the period for interest														745,096
Increase in Share Capital due to Telnicity Acquisition														1,180,000
Increase in Share Capital for third party settlement														468,000
Cash paid during the period for income taxes														45,930
Purchase of property and equipment under capital lease agreements														2,620,182
Restatement change [Member]
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss				$ (1,095,588)				$ (356,386)	$ (2,934,916)	$ (1,786,282)	$ (5,788,665)	$ (2,867,470)		$ (3,375,457)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization
Provision for doubtful accounts
Provision for income taxes
Stock-based compensation
Change in fair value of conversion feature
Change in the fair value of the warrant liability
Amortization of deferred financing costs
Interest expense relating to debt discount and conversion feature
Unrealized foreign currency translation gain/(loss)
(Profit) / Loss on Extinguishment of Debt
Financial Investments in Joint Venture
Changes in operating assets and liabilities, net of acquired assets and assumed liabilities:
Decrease (increase) in restricted cash
Decrease (increase) in accounts receivable				$ 345,973					$ (414,819)	$ 542,527	$ 21,669	$ 978,579		$ 882,032
Decrease (increase) in prepaid expenses, deposits and other assets
Increase (decrease) in accounts payable, proceeds from related parties and customer deposits
Increase (decrease) in deferred revenue				$ 749,615				$ 356,386	$ 2,552,097	$ 1,243,755	$ 5,766,996	$ 1,888,891		$ 2,493,424
Increase (decrease) in accrued expenses and other payables
Increase (decrease) in non-cash accrued expenses related to extinguishment of Debt
Net cash (used) in operating activities
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment
Loan to third party
Net cash used in investing activities
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from 12% Unsecured Loan from Related Party
Proceeds from Share Purchase Agreement - Unregistered securities
Proceeds from Share Purchase Agreement - Registered direct
Proceeds from Share Purchase Agreement Related Party
Fundraising fees
Proceeds from 2013 10% Related Party Convertible Note
Proceeds from 2013 10% 3rd Party Convertible Note
Financing related fees
Payments on 8% Convertible Note installment payments and interest
Exercise of warrants & options
Cash flow from Escrow account for principal and interest payments on 8% Convertible Notes
Trade note payable
Payment of placement & solicitation fees
Interest paid for property and equipment acquired under capital leases
Net cash provided by financing activities
EFFECT OF EXCHANGE RATES ON CASH AND CASH EQUIVALENTS
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
CASH AND CASH EQUIVALENTS, BEGINNING OF THE PERIOD
CASH AND CASH EQUIVALENTS, END OF THE PERIOD
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid during the period for interest
Increase in Share Capital due to Telnicity Acquisition
Increase in Share Capital for third party settlement
Cash paid during the period for income taxes
Purchase of property and equipment under capital lease agreements