Mullen Automotive (MULN) 10-K 15 Apr 14 2013 FY Annual report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Apr. 01, 2014
Document Information [Line Items]	'	'
Entity Registrant Name	'Net Element, Inc.	'
Entity Central Index Key	'0001499961	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Trading Symbol	'NETE	'
Entity Common Stock, Shares Outstanding	'	32,273,298
Document Type	'10-K	'
Amendment Flag	'false	'
Document Period End Date	31-Dec-13	'
Document Fiscal Period Focus	'FY	'
Document Fiscal Year Focus	'2013	'
Entity Well-known Seasoned Issuer	'No	'
Entity Voluntary Filers	'No	'
Entity Current Reporting Status	'Yes	'
Entity Public Float	'	$23,826,835

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Dec. 31, 2012
Current assets:	'	'
Cash	$126,319	$3,546,787
Restricted cash	0	2,056,821
Notes receivable, net	0	6,088,934
Accounts receivable	10,619,289	10,855,175
Advances to aggregators, net	1,109,538	4,777,033
Assets of discontinued operations	0	192,460
Prepaid expenses and other assets	834,025	487,995
Total current assets	12,689,171	28,005,205
Property and equipment, net	137,267	261,759
Intangible assets, net	2,964,424	111,670
Goodwill	6,671,750	0
Investment in affiliate	46,113	0
Total assets	22,508,725	28,378,634
Current liabilities:	'	'
Accounts payable	3,190,215	498,424
Deferred revenue	239,398	0
Accrued expenses	3,484,963	910,022
Short term loans	8,478,810	9,400,164
Notes payable (current portion)	3,816,093	0
Liabilities of discontinued operations	0	223,112
Due to related parties (current portion)	1,451,357	202,682
Total current liabilities	20,660,836	11,234,404
Due to related parties (non-current portion)	0	135,693
Notes payable (non-current portion)	17,255,531	0
Total liabilities	37,916,367	11,370,097
STOCKHOLDERS' (DEFICIT) EQUITY	'	'
Preferred stock ($.01 par value, 1,000,000 shares authorized and no shares issued and outstanding)	0	0
Common stock ($.0001 par value, 100,000,000 shares authorized and 32,273,298 and 28,303,659 shares issued and outstanding at December 31, 2013 and December 31, 2012, respectively)	3,229	2,830
Paid in capital	103,486,144	87,452,060
Stock subscription	329,406	0
Accumulated other comprehensive (loss) income	-170,550	278,565
Accumulated deficit	-118,930,828	-70,621,481
Noncontrolling interest	-125,043	-103,437
Total stockholders' (deficit) equity	-15,407,642	17,008,537
Total liabilities and stockholders' (deficit) equity	$22,508,725	$28,378,634

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Preferred stock, par value per share (in dollars per share)	$0.01	$0.01
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value per share (in dollars per share)	$0.00	$0.00
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	32,273,298	28,303,659
Common stock, shares outstanding	32,273,298	28,303,659

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Net revenues	$18,749,470	$1,384,852
Costs and expenses:	'	'
Cost of revenues	13,374,669	832,909
General and administrative (includes $16,549,820 and $6,240,196 of non cash compensation for the year ended December 31, 2013 and 2012, respectively)	28,166,387	12,088,602
Provision for loan losses	7,640,008	1,638,032
Goodwill impairment charge	11,200,000	0
Intangible assets impairment charge	872,354	0
Depreciation and amortization	2,242,504	266,006
Total costs and operating expenses	63,495,922	14,825,549
Loss from operations	-44,746,452	-13,440,697
Interest (expense) income, net	-2,979,102	370,568
Other expense	-160,182	2,346
Loss from continuing operations before income tax provision	-47,885,736	-13,067,783
Income tax provision	-213,284	-155,683
Loss from continuing operations	-48,099,020	-13,223,466
Net loss attributable to the noncontrolling interest	1,129,319	133,360
Discontinued operations:	'	'
Loss from operations of discontinued entitites	-1,018,003	-3,299,825
Loss on disposition of assets pertaining to discontinued operations	-321,643	0
Total discontinued operations	-1,339,646	-3,299,825
Net loss	-48,309,347	-16,389,931
Foreign currency translation (loss) gain	-449,115	276,457
Comprehensive loss	($48,758,462)	($16,113,474)
Loss per share - basic and diluted continuing operations (in dollars per share)	($1.65)	($0.62)
Loss per share - basic and diluted discontinued operations (in dollars per share)	($0.05)	($0.15)
Total loss per share (in dollars per share)	($1.70)	($0.77)
Weighted average number of common shares outstanding - basic and diluted (in shares)	28,470,169	21,360,837

CONSOLIDATED_STATEMENTS_OF_OPE1

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Parenthetical) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Non-Cash Compensation	$16,549,820	$6,240,196

CONSOLIDATED_STATEMENT_OF_CHAN

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS' EQUITY (DEFICIT) (USD $)	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Deferred Compensation [Member]	Stock Subscription [Member]	Accumulated Other Comprehensive Income [Member]	Noncontrolling Interest [Member]	Accumulated Deficit [Member]
Balance at Dec. 31, 2011	($5,223,624)	$1,856	($2,641,640)	$49,198,688	($385,912)	$0	($124)	($122,459)	($51,274,033)
Balance (in Shares) at Dec. 31, 2011	'	18,558,528	'	'	'	'	'	'	'
Non cash compensation	6,240,196	-3	0	5,854,287	385,912	'	0	0	0
Non cash compensation (in shares)	'	-24,955	'	'	'	'	'	'	'
Contributed capital from non controling shareholders	28,811	0	0	0	0	'	0	28,811	0
Options and warrants converted cashlessly	0	432	0	-432	0	'	0	0	0
Options and warrants converted cashlessly (in shares)	'	4,318,674	'	'	'	'	'	'	'
Notes payable converted to common stock	3,600,000	82	0	3,599,918	0	'	0	0	0
Notes payable converted to common stock (in shares)	'	818,182	'	'	'	'	'	'	'
Cash paid for shares and warrants issued pursuant to subscription agreements	4,100,000	68	0	4,099,932	0	'	0	0	0
Cash paid for shares and warrants issued pursuant to subscription agreements (in shares)	'	683,333	'	'	'	'	'	'	'
Shares issued pursuant to purchase agreeement	516,055	15	0	386,339	0	'	0	129,701	0
Shares issued pursuant to purchase agreeement (in shares)	'	154,167	'	'	'	'	'	'	'
Shares issued for advertising and promotion	21,800	0	0	21,800	0	'	0	0	0
Shares issued for advertising and promotion (in shares)	'	2,375	'	'	'	'	'	'	'
Retirement of treasury stock	0	0	2,641,640	-2,641,640	0	'	0	0	0
Shares acquired pursuant to Cazador merger	24,381,056	380	0	26,933,168	0	'	0	0	-2,552,492
Shares acquired pursuant to Cazador merger (in shares)	'	3,793,355	'	'	'	'	'	'	'
Foreign currency exchange	276,457	0	0	0	0	'	276,457	0	0
Net loss	-16,932,214	0	0	0	0	'	0	-542,283	-16,389,931
Balance at Dec. 31, 2012 (Scenario, Previously Reported [Member])	17,008,537	2,830	0	87,452,060	0	'	276,333	-506,230	-70,216,456
Balance (Restatement Adjustment [Member])	0	0	0	0	0	'	2,232	402,793	-405,025
Balance at Dec. 31, 2012	17,008,537	2,830	0	87,452,060	0	'	278,565	-103,437	-70,621,481
Balance (in shares) at Dec. 31, 2012 (Scenario, Previously Reported [Member])	'	28,303,659	'	'	'	'	'	'	'
Balance (in shares) (Restatement Adjustment [Member])	'	0	'	'	'	'	'	'	'
Balance (in shares) at Dec. 31, 2012	'	28,303,659	'	'	'	'	'	'	'
Non cash compensation related to TOT Group stock exchange	13,305,817	281	0	12,197,823	0	'	0	1,107,713	0
Non cash compensation related to TOT Group stock exchange (in shares)	'	2,812,771	'	'	'	'	'	'	'
Non cash compensation- other	3,244,003	129	0	3,243,874	0	'	0	0	0
Non cash compensation- other (in shares)	'	1,265,109	'	'	'	'	'	'	'
Cash paid for repurchase of common shares	-482,417	-17	0	-482,400	0	'	0	0	0
Cash paid for repurchase of common shares (in shares)	'	-175,953	'	'	'	'	'	'	'
Note Payable and other assumed by T1T Lab, net of Contributions payable	685,449	0	0	685,449	0	'	0	0	0
Shares issued pursuant to purchase agreeement	389,344	6	0	389,338	0	'	0	0	0
Shares issued pursuant to purchase agreeement (in shares)	'	67,712	'	'	'	'	'	'	'
Unissued shares pursuant to purchase agreement	329,406	0	0	0	0	329,406	0	'	0
Foreign currency exchange	-449,115	0	0	0	0	'	-449,115	0	0
Net loss	-49,438,666	0	0	0	0	'	0	-1,129,319	-48,309,347
Balance at Dec. 31, 2013	($15,407,642)	$3,229	$0	$103,486,144	$0	$329,406	($170,550)	($125,043)	($118,930,828)
Balance (in shares) at Dec. 31, 2013	'	32,273,298	'	'	'	'	'	'	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Cash flows from operating activities:	'	'
Net loss	($48,309,347)	($16,389,931)
Loss on disposition of assets pertaining to discontinued operations	321,643	0
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Non-Cash Compensation	16,549,820	6,240,196
Non-cash interest expense	0	150,000
Shares issued for advertising and promotion	0	21,800
Depreciation and amortization	2,242,504	266,006
Provision for loan losses	7,640,008	1,638,032
Impairment of goodwill	11,200,000	0
Intangible assets impairment	872,354	0
Noncontrolling interest	-1,129,319	-133,360
Changes in assets and liabilities, net of acquistions and the effect of consolidation of equity affiliates	'	'
Accounts receivable	-562,294	-9,662,532
Advances to aggregators	-3,267,679	-5,327,033
Prepaid expenses and other assets	1,952,570	-228,155
Accounts payable	2,268,233	-617,800
Accrued expenses	429,556	388,001
Adjustments for operating activities of continuing operations	38,195,753	-7,264,845
Adjustments for operating activities of discontinued operations	-1,018,003	-1,522,970
Total adjustments	37,177,750	-8,787,815
Net cash used in operating activities	-10,809,954	-25,177,746
Cash flows from investing activities- net of acquisitions:	'	'
Advances from notes receivable	0	-12,581,592
Collections from notes receivable	4,920,510	5,601,183
Acquistion of intangible assets	-380,025	0
Acquisition of Aptito	-458,747	0
Investment in subsidiary	-46,113	0
Capitalized web development and patent costs and equity effects	0	-67,583
Disposal (purchase) of fixed assets	67,266	-388,836
Net cash provided by (used in) investing activities	4,102,891	-7,436,828
Cash flows from financing activities- net of acquisitions:	'	'
(Repayment) borrowings from financial institutions	-272,103	9,400,164
Proceeds from K1 Holdings note payable	2,000,000	0
Change in restricted cash	1,978,527	-2,056,821
Cash paid for share repurchases	-482,417	0
Due to related parties	0	-1,262,429
Cash received from Merger Cazador	0	25,690,792
Contributed capital from noncontrolling shareholders	0	28,811
Cash paid for shares and warrants issued purcuant to subscription agreements	0	4,100,000
Repayments to related parties	-75,000	-75,000
Net cash provided by financing activities	3,149,007	35,825,517
Effect of exchange rate changes on cash	137,588	276,457
Net (decrease) increase in cash	-3,420,468	3,487,400
Cash at beginning of period	3,546,787	59,387
Cash at end of period	126,319	3,546,787
Supplemental disclosure of cash flow information	'	'
Cash paid during the period for Interest	1,635,360	706,158
Cash paid during the period for Taxes	196,425	76,197
Supplemental disclosure of non-cash investing and financial activities in connection with business acquisition:	'	'
Retirement of treasury stock	0	2,641,640
Notes payable converted to common stock	0	3,600,000
Issued and outstanding common stock (10% of TOT Group's common stock)- Unified	609,000	0
Assumed debt	20,631,000	0
Total value of consideration for Unified payments acquisition	21,240,000	0
Stock subscription in connection with acquisition of Aptito	718,750	0
Transfer of K1 Note Liability to T1T Lab, LLC in connection with divesture of OOO Music1	$2,000,000	$0

CONSOLIDATED_STATEMENTS_OF_CAS1

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical)	12 Months Ended
	Dec. 31, 2013
Stock Issued In Noncash Or Part Non Cash Acquisition Percentage1	10.00%

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Basis of Presentation and Significant Accounting Policies [Text Block]	'
	NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Organization and Basis of Presentation
	Net Element International, Inc. (the “Company”) was incorporated on April 20, 2010 as a Cayman Islands exempted company with limited liability under the name Cazador Acquisition Corporation Ltd. (“Cazador”). Cazador was a blank check company incorporated for the purpose of effecting a merger, share capital exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more operating businesses or assets. On December 15, 2013, the Company changed its name to Net Element, Inc.
	On October 2, 2012, the Company completed a merger (the “Merger”) with Net Element, Inc., a Delaware corporation (“Net Element”), which was a company with businesses in the online media and mobile commerce payment processing markets. Immediately prior to the effectiveness of the Merger, the Company (then known as Cazador Acquisition Corporation Ltd.) changed its jurisdiction of incorporation by discontinuing as an exempted company in the Cayman Islands and continuing and domesticating as a corporation incorporated under the laws of the State of Delaware. Effective upon consummation of the Merger, (i) Net Element was merged with and into the Company, resulting in Net Element ceasing to exist and the Company continuing as the surviving company in the Merger, and (ii) the Company changed its name to Net Element International, Inc. Pursuant to the Merger, the Company issued 24,543,826 shares of its common stock to the former stockholders of Net Element, which shares amount to approximately 86.7% of the post-Merger issued and outstanding shares of common stock of the Company. Following the Merger, the Company’s business consists of the former business of Net Element. For financial reporting purposes, the Merger was accounted for as a recapitalization of Net Element and the financial statements reflect the historical financial information of Net Element. The assets and liabilities of the Company were recognized and measured in accordance with ASC Topic 805, Business Combinations. Therefore, for accounting purposes, the shares recorded as issued in the Merger are the 3,793,355 shares owned by Cazador shareholders prior to Merger. See Note 4 for additional information regarding the Merger.
	The Company is a global technology-driven Internet group that focuses on mobile commerce and payment processing for electronic commerce. On September 25, 2013, the Company divested its entertainment and culture Internet destinations.
	The Company’s subsidiary TOT Group, Inc. (“TOT Group”) is a multinational, mobile payments and transaction processing holding company, which provides a range of flexible online and offline payment solutions. Clients include wireless carriers, content providers and merchants. TOT Group delivers comprehensive, end-to-end payment solutions to enable merchants to reliably accept cashless transactions at the point of sale (“POS”). From processing electronic payments at the POS to processing mobile commerce transactions to managing merchant terminals and providing information management services, TOT Group through its proprietary technology offers innovative solutions which allow its merchants to streamline their payments resources. Through TOT Group, the Company generates revenues from transaction fees, service fees, percentage of the dollar amount of each transaction and other fees associated with processing of cashless transactions at the points of sale. The Company serves merchants primarily in the retail, restaurant, supermarket, petroleum and hospitality sectors. In addition, TOT Group (through its subsidiary OOO TOT Money (“TOT Money”)) operates the Company’s provider of carrier-integrated mobile payments solutions. TOT Money’s relationships with mobile operators give the Company substantial geographic coverage, a strong capacity for innovation in mobile payments and messaging, and the ability to offer customers In-App, P-SMS and Online and Carrier Billing solutions.
	During the third quarter of 2012, the Company’s subsidiary, TOT Money, launched operations as a provider of carrier-integrated mobile payments solutions in Russia. Since then, TOT Money has continued seeking to expand its carrier-integrated mobile payments business primarily in the Commonwealth of Independent States (CIS) countries (comprised of participating states of the former Soviet Union) and other emerging markets. During the second half of 2012, TOT Money entered into contracts with the three largest mobile phone operators in Russia, Mobile TeleSystems OJSC, MegaFon OJSC and OJSC VimpelCom, to facilitate payments using SMS and MMS for their mobile phone subscribers in Russia.
	On April 16, 2013, certain subsidiaries of TOT Group acquired substantially all of the business assets of Unified Payments, LLC, a Delaware limited liability company (“Unified Payments”). Unified Payments provides comprehensive turnkey, payment-processing solutions to small and medium size business owners (merchants) and independent sales organizations across the United States. See Note 4 for additional information regarding this acquisition.
	On June 24, 2013, TOT Group, through its newly formed subsidiary Aptito, LLC (“Aptito”) acquired substantially all of the business assets of Aptito.com, Inc, a New York corporation. Aptito is a new generation of smart, customer engaged, patent-pending payment platforms, mobile Point of Sale (“mPOS”), mobile commerce application and self-ordering Apple® iPad®-based kiosk. Through its disruptive, cloud-based payments platform Aptito offers merchants an innovative, socially driven, all-in-one digital software solution that offers a complete package of features for the food-service industry. Aptito’s Restaurant mPOS solution provides restaurants with tools to increase sales, productivity, and customer loyalty. Aptito’s suite of fully linked tools enables inventory management, complete payroll, staff scheduling, patron reservations and digital menus. More capable and less costly than traditional restaurant POS systems, Aptito’s system does not have the steep learning curve associated with typical POS products.
	The Company previously owned several popular content monetization verticals (i.e., interests in online media businesses and operations) that were divested during the quarter ended September 30, 2013 (see Note 5 for additional information regarding this divestiture).   As a result of this divestiture, the Company has one reportable business segment consisting of payment processing and mobile payment solutions.   Operations of the divested businesses are presented as discontinued operations in the accompanying consolidated statements of operations and comprehensive loss.
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the balance sheet date and the reported amounts of expenses for the period presented. Actual results could differ from those estimates.
	Significant estimates include (i) the valuation of acquired merchant portfolios (ii) the recoverability of long-lived assets, (iii) the remaining useful lives of long-lived assets, and (iv) the sufficiency of merchant, legal, and other reserves. On an ongoing basis, the Company evaluates the sufficiency and accuracy of its estimates. Actual results could differ from those estimates.
	Cash and Cash Equivalents
	The Company maintains its U.S. dollar-denominated cash in several non-interest bearing bank deposit accounts. All U.S. non-interest bearing transaction accounts are fully insured, regardless of the balance in the account, at all FDIC insured institutions. The bank balances did not exceed FDIC limits at December 31, 2013 and 2012.
	The Company maintains $47,519 in un-insured Russian, Ukraine and Cayman Islands bank accounts as of December 31, 2013.
	Other Current Assets
	The Company maintains an inventory of terminals, which it uses to service both merchants and independent sales agents. If the terminals are sold for a fee, the Company expenses the cost of these terminals, plus any set up fees at the time of the sale. Many times, the Company will give away the terminals as an incentive to stay with the company for an average of three year period. In this case the cost of the terminal plus any set up fees will be amortized over three years, which is the average length of a merchant contract. If the merchants leave before the end of their contract, they are obligated to either return the terminal or pay for the terminal. The Company has $446,658 in terminals and IPADS and related equipment acquired, of which $170,378 has been placed with merchants. Amortization of these terminals amounted to $13,093 for the year ended December 31, 2013.
	Fixed Assets
	The Company depreciates its furniture, servers, software and equipment over a term of three to ten years. Computers and software are depreciated over terms between two and five years. Leasehold improvements are depreciated over the shorter of the economic life or term of each lease. All of our assets are depreciated on a straight-line basis for financial statement purposes.
	Expenditures for repairs and maintenance are charged to operating expense as incurred. Expenditures that increase the value or productive capacity of assets are capitalized. At the time of retirements, sales, or other dispositions of property and equipment, the original cost and related accumulated depreciation are removed from the respective accounts, and the gains or losses are presented as other expenses.
	Intangible Assets
	Included in the Company’s intangible assets are merchant portfolios, which represent the net book value of an acquired merchant customer base, and are amortized on a straight-line basis over their respective useful lives, generally three to five years. Merchant portfolios are assessed for impairment if events or circumstances indicate that their respective carrying values are not recoverable from the future anticipated undiscounted net cash flows attributable to such assets. In such cases, the amount of any potential impairment would be measured as the excess, if any, of carrying value over the fair value of such assets. On July 30, 2013, TOT Payments, LLC, brought an action against First Data Corporation (“FDR”). In its complaint, TOT Payments claims that the defendant breached its obligations pursuant to a 2006 Marketing Agreement. Because the FDR case was dismissed, management has decided that the possibility of recovering fees was remote and therefore wrote off the remaining net asset value of the FDR Portfolio, for an impairment charge of $872,354 during the year ended December 31, 2013.
	The Company also capitalizes direct expenses associated with filing of patents and patent applications and amortizes the capitalized intellectual property costs over five years beginning when the patent is approved.
	Additionally, the Company capitalizes the fair value of intangible assets acquired in business combinations. The Company performs valuations of assets acquired and liabilities assumed on each acquisition accounted for as a business combination and allocates the purchase price of each acquired business to its respective net tangible and intangible assets. Acquired intangible assets include: merchant portfolios, trade names, non-compete agreements, customer relationships and technology.
	Accrued Residual Commissions
	The Company pays commissions to independent sales organization (“ISO’s”) and independent sales agents or to the Company’s direct sales force based on the processing volume of the merchants enrolled. The commission payments are based on varying percentages of the volume processed by the Company on behalf of the merchants. Percentages vary based on the program type and transaction volume of each merchant. The Company reports commission payments as a cost of revenues in the accompanying consolidated statement of operations and comprehensive loss. As of December 31, 2013 the residual commission payable to ISO’s and independent sales agents was $451,374 and $0 at December 31, 2012. The company pays commission on annual fees it defers over twelve months. The Company pays its agents these commissions, which are included in the $451,374 in advance of recognizing the revenue. Therefore the Company deferred $115,700 of commissions on annual fees, which are included in prepaid expenses in the accompanying consolidated balance sheet and will recognize the deferred fees over the next twelve months. Commission payables are included in accounts payable in the accompanying consolidated balance sheets.
	Capitalized Customer Acquisition Costs, Net
	Capitalized customer acquisition costs consist of up-front cash payments made to certain ISO’s for the establishment of new merchant relationships. Capitalized customer acquisition costs represent incremental, direct customer acquisition costs that are recoverable through gross margins associated with merchant contracts. The up-front payment to the ISO is based on the estimated gross margin for the first year of the merchant contract. The deferred customer acquisition cost asset is recorded at the time of payment and the capitalized acquisition costs are primarily amortized on a straight-line basis over a period of three years.
	Management evaluates the capitalized customer acquisition cost for impairment at each balance sheet date by comparing, on a pooled basis by vintage month of origination, the expected future net undiscounted cash flows from underlying merchant relationships to the carrying amount of capitalized customer acquisition costs. If the estimated future net cash flows are lower than the recorded carrying amount, indicating an impairment of the carrying value of the capitalized customer acquisition costs, the impairment loss is charged to operations.
	During the year ended December 31, 2013, the Company recorded $466,280 in additional capitalized customer acquisition costs and $85,769 in related additional amortization. The balance of customer acquisition costs is $380,511 at December 31, 2013 and reflected in intangible assets in the accompanying consolidated balance sheets.
	Processing Liabilities and ISO Deposits
	The majority of the Company’s processing liabilities include potential losses associated with bankcard and check processing. In addition, the Company maintains deposits from ISO’s to offset potential liabilities from merchant chargeback processing. Disputes between a cardholder and a merchant periodically arise due to the cardholder’s dissatisfaction with merchandise quality or merchant’s services, and the disputes may not always be resolved in the merchant’s favor. In some of the cases the transaction is “charged back” to the merchant and the purchase price is refunded to the cardholder by the credit card-issuing institution. If the merchant is unable to fund the refund, the Company is liable for the full amount of the transaction. The Company’s obligation to stand ready to perform is minimal because the Company maintains a deposit from certain ISO’s as an offset to potential contingent liabilities that are the responsibility of such merchants. The Company evaluates its ultimate risk and records an estimate of potential loss for chargebacks related to merchant fraud based upon an assessment of actual historical fraud loss rates compared to recent bankcard processing volume levels.
	The amount recorded as of December 31, 2013 for the processing liability was $107,669 and is included in long-term debt in the accompanying consolidated balance sheets. There was no processing liability at December 31, 2012.
	Fair Value Measurements
	The Company’s financial instruments consist primarily of cash and cash equivalents, accounts receivables, merchant portfolios, notes receivable, trade payables and debt instruments. The carrying values of cash and cash equivalents, accounts receivable and trade payables are considered to be representative of their respective fair values due to the short-term nature of these instruments. The carrying amount of the long-term debt of $21 million as of December 31, 2013 approximates fair value because the Company’s current borrowing rate does not materially differ from market rates for similar bank borrowings. The long-term debt is classified as a Level 2 item within the fair value hierarchy.
	The Company measures certain nonfinancial assets and liabilities at fair value on a nonrecurring basis. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. The Company uses a three-level fair value hierarchy to prioritize the inputs used to measure fair value and maximizes the use of observable inputs and minimizes the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:
	Level 1 — Quoted market prices in active markets for identical assets or liabilities as of the reporting date
	Level 2 — Observable market based inputs or unobservable inputs that are corroborated by market data
	Level 3 — Unobservable inputs that are not corroborated by market data
	These non-financial assets and liabilities include intangible assets and liabilities acquired in a business combination as well as impairment calculations, when necessary. The fair value of the assets acquired and liabilities assumed in connection with the Unified Payments acquisition, as discussed in Note 4, were measured at fair value by the Company at the acquisition date. The fair values of the Company’s merchant portfolios are primarily based on Level 3 inputs and are generally estimated based upon independent appraisals that include discounted cash flow analyses based on the Company’s most recent cash flow projections, and, for years beyond the projection period, estimates based on assumed growth rates. Assumptions are also made regarding appropriate discount rates, perpetual growth rates, and capital expenditures, among others. In certain circumstances, the discounted cash flow analyses are corroborated by a market-based approach that utilizes comparable company public trading values, and, where available, values observed in private market transactions. The inputs used by management for the fair value measurements include significant unobservable inputs, and therefore, the fair value measurements employed are classified as Level 3. The goodwill impairment (see Note 4) was primarily based on observable inputs using company specific information and is classified as Level 3.
	Concentrations
	The Company’s total revenue was $18,749,470 for the year ended December 31, 2013. Of this, $14,798,488 was derived from processing of Visa®, MasterCard®, Discover® and American Express® card transactions and $3,948,087 was derived from processing of mobile electronic payments.
	The credit card processing revenues were derived from merchant customer transactions, which are processed primarily by three “third-party” processors. For the year ended December 31, 2013, the Company processed 25% of its total revenue with Cynergy Data, 32% with National Processing Company (NPC) and 19% with First Data.
	The mobile electronic payment revenues were derived from merchant customer transactions, which are processed primarily by two mobile operators. For the year ended December 31, 2013, the Company processed 9% of its total revenue with Beeline (OJSC Vimpelcom), and 8% with MTS (Mobile TeleSystems OJSC).
	Foreign Currency Transactions
	The Company is subject to exchange rate risk in its foreign operations in Ukraine, the functional currency of which is Ukraine Hryvnia, and Russia, the functional currency of which is Russian Ruble, where the Company generates service fee revenues and interest income and incurs product development, engineering, website development, and general and administrative costs and expenses. The Ukrainian and Russian engineering operations pay a majority of their operating expenses in their local currencies, exposing the Company to exchange rate risk. Ukrainian salaries and consulting fees are negotiated and paid in U.S. dollars.
	The Company does not engage in any currency hedging activities.
	Revenue Recognition
	The Company recognizes revenue when the following four basic criteria have been met: (1) persuasive evidence of a sales arrangement exists; (2) performance of services has occurred, (3) the sales price is fixed or determinable, and (4) collectability is reasonably assured. The Company considers persuasive evidence of a sales arrangement to be the receipt of a billable transaction from aggregators, signed contract or website advertising insertion order. Collectability is assessed based on a number of factors, including transaction history with the customer and the credit worthiness of the customer. If it is determined that the collection is not reasonably assured, revenue is not recognized until collection becomes reasonably assured, which is generally upon receipt of cash. The Company records cash received in advance of revenue recognition as deferred revenue.
	Our revenues for the year ended December 31, 2013 and 2012 are principally derived from the following sources:
	Service Fees.  Service fees in the current year are generated primarily from TOT Payments, LLC, TOT Money’s payment processing and service fees from prior year are primarily from A&R Music Live, LLC where emerging artists pay industry professionals to review, critique and suggest improvements of music submitted on-line for evaluation. A&R Music Live, LLC operations were discontinued on January 31, 2013.
	The Company has multiple element arrangements that include bundled transactions with merchants encompassing annual PCI (payment card industry) fees, annual membership fees, and monthly processing fees.
	The Company adopted accounting standard update No 2009-13, “Multiple–Deliverable Revenue Arrangements” (ASU 2009-13). ASU 2009-13 requires the use of the relative selling price method of allocating total consideration to units of accounting in a multiple element arrangement and eliminates the residual method. This accounting principle requires an entity to allocate revenue in an arrangement using estimated selling price deliverables if it does not have vendor specific objective evidence (VSOE) or third party evidence (TPE) of selling price.
	VSOE is the price charged when the same or similar product or service is sold separately. The Company defines VSOE as a median price of recent stand-alone transactions that are priced within a narrow range. TPE is determined based on the prices charged by our competitors for a similar deliverable when sold separately.
	The Company evaluates each deliverable in its arrangements to determine whether it represents a separate unit of accounting. A deliverable constitutes a separate unit of accounting when it has stand-alone value to our customers. The Company’s products (i.e., terminals) and services qualify as separate units of accounting under ASU 2009-13.
	The Company’s payment processing division derives revenues primarily from the electronic processing of services including credit, debit and electronic benefits transfer card processing authorized and captured through third party networks, check conversion and guarantee, electronic gift certificate processing, and equipment leasing and sales. These revenues are recorded as bankcard and other processing transactions when processed.
	Typically, fees charged to merchants for these processing services are based on a variable percentage of the dollar amount of each transaction and in some instances, additional fees are charged for each transaction. Merchant customers may also be charged miscellaneous fees, including statement fees, annual fees, monthly minimum fees, fees for handling chargebacks, gateway fees, and fees for other miscellaneous services.
	The fair value for annual fees is based on the annual contract renewal price and is deemed to represent stand-alone selling price based upon VSOE. The fair value for processing is based on prices charged by our competitors for similar deliverables when sold separately and is deemed to represent stand-alone selling price based upon TPE.
	Deferred revenue represents primarily amounts received in advance for annual fee billings and are recognized on a pro rata basis over the service period.
	Generally, the Company (i) is the primary obligor in its arrangements with its merchant customers, (ii) has latitude in establishing the price of its services, (iii) has the ability to change the product and perform parts of the services, (iv) has discretion in supplier selection, (v) has latitude in determining the product and service specifications to meet the needs of its merchant customers, and (vi) assumes credit risk. In such cases, the Company reports revenues as gross of fees deducted by its sponsoring member banks, as well as fees deducted from card-issuing member banks and card associations (Visa/MasterCard) on behalf of its sponsoring member banks for interchange and assessments. These fees charged by the card associations to process the credit card transactions are recorded separately as cost of sales and interchange fees in the accompanying consolidated statement of operations.
	Revenues from TOT Money are recognized as a percentage of amounts billed to mobile operators. Revenue is recognized when TOT Money’s billing system is able to create a billable transaction for a mobile operator. Billable transactions are created and submitted to TOT Money by content aggregators.
	Each month, mobile operators provide TOT Money with detail supporting the transactions received by the mobile operator. TOT Money reconciles the data provided by the mobile operator to its internal billing system. Pursuant to the mobile operator agreements, any total billing difference under 5% is considered immaterial and TOT Money accepts the mobile operator data as accurate. Any differences from content providers that exceed 5% of the amount billed are researched, reconciled and addressed with the mobile operator.
Funds received by TOT Money from mobile operators include amounts due to aggregators for supplying billable transactions from content providers. Revenues are presented net of aggregator payments on the financial statements of TOT Money as the payments are considered to be agency fees. TOT Money serves as agent to the mobile operators performing a service for a fee.
Cost of services for TOT Money is comprised primarily of fees for short numbers provided by the mobile operators that are used to provide traffic from content providers.
Cost of services for TOT Payments is comprised primarily of processing fees paid to third parties attributable to providing transaction processing and other services to the Company’s merchant customers. Interchange fees and cost of services are recognized as incurred, which generally occurs in the same period in which the corresponding revenue is recognized. Interchange fees are set by the card networks, and are paid to the card-issuing bank. Interchange fees are calculated as a percentage of the dollar volume processed plus a per transaction fee. The Company also pays Visa® and Mastercard® network dues.
Net Loss per Share
Basic net loss per common share is computed by dividing net loss applicable to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net loss per common share is determined using the weighted-average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents, consisting of shares issuable upon exercise of common stock options or warrants. In periods when losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion would have an anti-dilutive effect. At December 31, 2013 and 2012, the Company had 8,938,900 warrants issued and outstanding that are anti-dilutive in effect.
Impairment of Long-Lived Assets
The Company reviews its long-lived assets for impairment whenever events or changes indicate that the carrying amount of an asset or group of assets may not be recoverable. As described in Note 4, during the year ended December 31, 2013, the Company recognized charges for impairment of goodwill and intangible assets amounting to approximately $11,200,000 and $872,000 respectively. During the year ended December 31, 2012, the Company recognized an impairment loss of goodwill and intangible assets amounting to $680,499 which is reflected in the loss from operations of discontinued entities in the accompanying consolidated statements of operations and comprehensive loss.
Income Taxes
We account for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined on the basis of the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date.
We recognize net deferred tax assets to the extent that we believe these assets are more likely than not to be realized. In making such a determination, we consider all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. If we determine that we would be able to realize our deferred tax assets in the future in excess of their net recorded amount, we would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes.
The Company accounts for uncertainty in income taxes using a two-step approach to recognizing and measuring uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount that is more than 50% likely of being realized upon settlement. The Company classifies the liability for unrecognized tax benefits as current to the extent that the Company anticipates payment (or receipt) of cash within one year. Interest and penalties related to uncertain tax positions are recognized and recorded as necessary in the provision for income taxes. The Company's evaluation of uncertain tax positions was performed for the tax years ended December 31, 2008 and forward, the tax years which remain subject to examination as of December 31, 2013. Please see Note 17 for discussion of the Company’s uncertain tax positions.
Recently Issued and Adopted Accounting Guidance
Recently Issued Accounting Guidance
In July 2013, the FASB issued ASU 2013-11,  Income Taxes (Topic 740) Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. This update provides that an entity that has unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date should present the unrecognized tax benefit, or a portion of an unrecognized tax benefit, in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. This update is effective for reporting periods beginning after December 15, 2013. The Company does not believe the adoption of this guidance will have a material impact on the Company’s unaudited condensed consolidated financial statements.
Recently Adopted Accounting Guidance
In July 2012, the FASB issued ASU 2012-02,  Intangibles-Goodwill and Other (Topic 350)  which amended then existing guidance by giving an entity the option not to calculate annually the fair value of an indefinite-lived intangible asset if the entity determines that it is not more likely than not that the asset is impaired. Previous guidance required an entity to test indefinite-lived intangible assets for impairment, on at least an annual basis, by comparing the fair value of the asset with its carrying amount. If the carrying amount of the intangible asset exceeds its fair value, an entity should recognize an impairment loss in the amount of that excess. This update is effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. The Company adopted this guidance on January 1, 2013. The adoption of this guidance did not have a material impact on the Company’s unaudited condensed consolidated financial statements.
In March 2013, the FASB issued ASU 2013-05,  Foreign Currency Matters (Topic 830): Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity (a consensus of the FASB Emerging Issues Task Force)  (“ASU 2013-05”). The objective of ASU 2013-05 is to resolve diversity in practice regarding the release of the cumulative translation adjustment into net income when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business within a foreign entity. ASU 2013-05 is effective prospectively for fiscal years, and interim reporting periods within those years, beginning after December 15, 2013. The Company is currently evaluating the potential impact of this ASU on its condensed unaudited consolidated financial statements.

BASIS_OF_PRESENTATION_AND_PRIN

BASIS OF PRESENTATION AND PRINCIPLES OF CONSOLIDATION	12 Months Ended
	Dec. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	'
	NOTE 2. BASIS OF PRESENTATION AND PRINCIPLES OF CONSOLIDATION
	Following the consolidation principles promulgated by U.S. GAAP, the consolidated financial statements of the Company include the assets, liabilities, results of operations, and cash flows of the following subsidiaries:
	Continuing Operations:
	The following entities make up our continuing operations: (1) TOT Group, Inc. (“TOT Group”), a  100% owned subsidiary formed in Delaware; (2) Netlab Systems, LLC (“Netlab”), a wholly owned subsidiary formed in Florida; (3) NetLab Systems IP, LLC, a wholly owned subsidiary formed in Florida; (4) OOO Net Element Russia (“Net Element Russia”), a wholly owned subsidiary formed in Russia (5)  Net Element Services, LLC, a wholly owned subsidiary formed in Florida (6) and A&R Music Holdings, LLC, a wholly owned subsidiary formed in Florida (operations ceased January 31, 2013)
	The subsidiaries listed above are the parent companies of several other subsidiaries, which hold the Company’s underlying investments or operating entities.
	TOT Group is the parent company of TOT Payments, LLC, (TOT Payments) a wholly owned subsidiary formed in Florida, Aptito, LLC, a  80 % owned subsidiary formed in Florida (acquired June 18, 2013), TOT Group Ukraine LLC, a 51% subsidiary formed in Ukraine, TOT Group Cyprus, a wholly owned subsidiary formed in Cyprus, TOT Group Europe LTD, a wholly owned subsidiary formed in the United Kingdom, TOT Group UK, a wholly owned subsidiary formed in the United Kingdom, TOT Group Kazakhstan, LLC, a 51% owned subsidiary formed in Kazakhstan, and OOO TOT Group Russia, a wholly owned subsidiary formed in Russia.
		•	TOT Payments, LLC is the parent company of:
		-	Process Pink, LLC, a wholly owned subsidiary formed in Florida;
		-	TOT HPS, LLC, a wholly owned subsidiary formed in Florida;
		-	TOT FBS, LLC, a wholly owned subsidiary formed in Florida;
		-	TOT New Edge, LLC, a wholly owned subsidiary formed in Florida; and
		-	TOT BPS, LLC, a wholly owned subsidiary formed in Florida.
		•	OOO TOT Group Russia, is the parent company of its wholly owned OOO TOT Money (a company formed in Russia) (  30 % of TOT Money was owned by Net Element Russia until September 15, 2013 when this interest was transferred to OOO TOT Group Russia).
		•	Netlab Systems, LLC is the parent company of Tech Solutions LTD.
		•	A&R Music Holdings (f/k/a Music1) is the parent company of A&R Music Live, LLC (“A&R Music Live”) (operations discontinued January 31, 2013).
		•	Net Element Russia is the parent company of OOO TOT Group and OOO Music1 (Russia) (operations discontinued September 25, 2013).   Net Element Russia owned  30 % of OOO TOT Money until September 15, 2013 when this interest was transferred to OOO TOT Group Russia.
	Discontinued Operations:
	The following entities make up our discontinued operations: (1); OOO Music1 (formerly a subsidiary of NETE Russia and divested on September 25, 2013) (2) Ya Talant   (divested on September 25, 2013) (3) Splinex (also the parent company of IT Solutions, LTD and also divested on September 25, 2013), (4) MotorSport (also the parent of Motorsport.com, Inc. also divested on September 25, 2013), (5) Openfilm, LLC.   (also the parent of Openfilm Studios, LLC (company closed June 2013) and Openfilm, Inc (divested September 25, 2013)) and (6) Zivos, LLC (Ukraine) (divested September 25, 2013),
	In addition, the consolidated statements of operations and comprehensive loss and statements of cash flows contain activity through September 25, 2013 for discontinued operations of our on-line media businesses.   On September 25, 2013, the Company entered into a Contribution Agreement with T1T Lab, LLC, a Florida limited liability company, and T1T Group, LLC, a Delaware limited liability company, pursuant to which on September 25, 2013, the Company contributed to T1T Lab all of its membership and participation interests in its subsidiaries Openfilm, LLC, Motorsport, LLC, Splinex, LLC, LegalGuru, LLC and MUSIC 1 LLC (a/k/a OOO Music1) in exchange for a 10% interest in T1T Lab and T1T Lab assumed $2,162,158 in liabilities (including $2,000,000 owed by the Company to K1 Holding Limited pursuant to a promissory note dated May 13, 2013) related to the Disposed Subsidiaries.   There are no amounts reported on the consolidated balance sheet for the discontinued entities at December 31, 2013 given the divesture occurred on September 25, 2013.   Prior periods have been restated to report the results from operations of these discontinued entities and prior period assets and liabilities.
	All material intercompany accounts and transactions have been eliminated in this consolidation.

GOING_CONCERN_CONSIDERATIONS

GOING CONCERN CONSIDERATIONS	12 Months Ended
	Dec. 31, 2013
Going Concern Considerations [Abstract]	'
Going Concern Considerations [Text Block]	'
	NOTE 3. GOING CONCERN CONSIDERATIONS
	The Company’s consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. The Company had negative cash flows from continuing operations of $10.8 million for the year ended December 31, 2013, an accumulated deficit of $119 million and negative working capital of $8.0 million at December 31, 2013. These conditions raise substantial doubt about the Company’s ability to continue as a going concern.
	Failure to successfully continue developing the Company’s payment processing operations and maintain contracts with merchants, mobile phone carriers and content providers to use TOT Group’s services could harm the Company’s revenues and materially adversely affect its financial condition and results of operations.   The Company faces all of the risks inherent in a new business, including the need for significant additional capital, management’s potential underestimation of initial and ongoing costs, and potential delays and other problems in connection with developing the Company’s technologies and operations.
	The Company is continuing with its plan to further grow and expand its payment processing operations in emerging markets, particularly in Russia and surrounding countries. Management believes that its current operating strategy will provide the opportunity for the Company to continue as a going concern as long as we are able to obtain additional financing; however, there is no assurance this will occur. The accompanying consolidated financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.
	The independent auditors’ report on the Company’s consolidated financial statements for the year ended December 31, 2013 contains an explanatory paragraph expressing substantial doubt as to the Company’s ability to continue as a going concern.

MERGER_AND_ACQUISITIONS_TRANSA

MERGER AND ACQUISITIONS TRANSACTIONS	12 Months Ended
	Dec. 31, 2013
Business Combinations [Abstract]	'
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	'
	NOTE 4. MERGER AND ACQUISITION TRANSACTIONS
	On October 2, 2012, the Company completed its Merger with Net Element, Inc. and the various transactions contemplated by the Merger Agreement dated June 12, 2012. Immediately prior to the effectiveness of the Merger, the Company (then known as Cazador Acquisition Corporation Ltd.) changed its jurisdiction of incorporation by discontinuing as an exempted company in the Cayman Islands and continuing and domesticating as a corporation incorporated under the laws of the State of Delaware. Effective upon consummation of the Merger, (i) Net Element was merged with and into the Company, resulting in Net Element ceasing to exist and the Company continuing as the surviving company in the Merger, and (ii) the Company changed its name to Net Element International, Inc. Pursuant to the terms of the Merger Agreement, upon completion of the Merger, each share of then-issued and outstanding common stock of Net Element was automatically cancelled and converted into the right to receive one-fortieth (1/40) of a share of the Company’s common stock. All shares of common stock and stock options in the 2012 and 2011 financial statements have been converted based on the 1/40 ratio. The Merger was structured to qualify as a tax-free reorganization.
	To the extent a holder of Net Element common stock would have received fewer than 100 shares of common stock of the Company in the Merger, such holder was issued an additional number of shares of common stock of the Company to bring such holder’s aggregate equity holdings in the Company to 100 shares of common stock. No fractional shares were issued in the Merger; instead, the Company issued one share of common stock to the holder of any shares of Net Element common stock that would have otherwise been entitled to receive a fraction of a share of common stock of the Company.
	Immediately prior to the effective time of the Merger, all outstanding shares of unvested restricted stock of Net Element accelerated and became fully vested and, at the effective time of the Merger, such shares were cancelled and converted into the right to receive shares of common stock of the Company on the same basis as other issued and outstanding shares of Net Element common stock as described above. Immediately prior to the effective time of the Merger, all outstanding convertible debt instruments of Net Element were converted into shares of Net Element common stock pursuant to the terms of such instruments and, at the effective time of the Merger, such shares were cancelled and converted into the right to receive shares of common stock of the Company on the same basis as other issued and outstanding shares of Net Element common stock as described above. Immediately prior to the effective time of the Merger, all outstanding Net Element stock options and warrants (collectively, “Convertible Securities”) accelerated and became fully vested and exercisable to the extent that they were unvested. If the Convertible Securities were “in-the-money” (meaning that the exercise price was lower than the product obtained by multiplying the price of a Cazador ordinary share as of the close of The NASDAQ Capital Market on the day immediately prior to the closing date by 0.025, which product equaled $0.25 (the “Cashless Share Price”)), then, immediately prior to the effective time of the Merger, they were terminated and exercised into the number of shares of Net Element common stock that would have been issuable if the Convertible Securities were exercised on a cashless basis based on the Cashless Share Price, and, at the effective time of the Merger, such shares of Net Element common stock were cancelled and converted into the right to receive shares of common stock of the Company on the same basis as other issued and outstanding shares of Net Element common stock as described above. Any Convertible Securities that were “out-of-the-money” (meaning that the exercise price was equal to or higher than the Cashless Share Price) were cancelled at the effective time of the Merger and no consideration was delivered in exchange therefor; provided that, with respect to “out-of-the-money” Net Element stock options that were granted to employees under Net Element’s 2011 Equity Incentive Plan in lieu of cash compensation in connection with compensation reductions previously implemented by Net Element, employees had the right to be paid the amount of cash compensation that was previously foregone in connection with the compensation reductions. With respect to “in-the-money” Net Element stock options that were granted to employees under Net Element’s 2011 Equity Incentive Plan in lieu of cash compensation in connection with compensation reductions previously implemented by Net Element, employees of Net Element were given a choice to, immediately prior to the effective time of the Merger, either (i) exercise such stock options on a cashless basis as described above or (ii) cancel all of such stock options and be paid the amount of cash compensation that was previously foregone in connection with the compensation reductions.
	The amounts of shares and consideration for shares (including purchase prices, exercise prices and conversion prices) described in the Notes to the Consolidated Financial Statements for the period prior to October 2, 2012 (which was the closing date of the Company’s merger with Net Element), have been adjusted to give effect to the conversion ratio for shares of Net Element common stock that were cancelled and converted into shares of the Company’s common stock pursuant to the Merger Agreement. Pursuant to the terms of the Merger Agreement, upon completion of the Merger, each share of then-issued and outstanding common stock of Net Element was automatically cancelled and converted into the right to receive one-fortieth (1/40) of a share of the Company’s common stock. See Note 4 for additional information regarding the Merger.
	Unified Payments Acquisition
	On April 16, 2013, the Company entered into a Contribution Agreement (the “Contribution Agreement”) with Unified Payments, LLC, a Delaware limited liability company, TOT Group, Oleg Firer, individually, and Georgia Notes 18 LLC, a Florida limited liability company. Pursuant to the Contribution Agreement, on April 16, 2013, certain subsidiaries of TOT Group, which were formed for the purpose of effectuating the transactions contemplated by the Contribution Agreement, acquired substantially all of the business assets of Unified Payments. Unified Payments provides comprehensive turnkey, payment-processing solutions to small and medium size business owners (merchants) and independent sales organizations across the United States. As consideration for Unified Payments’ and its subsidiaries’ contribution of their assets to TOT Group subsidiaries, (a) the Company contributed to a subsidiary of TOT Group  70 % of the equity interests in the Company’s subsidiary, OOO TOT Money (through which the Company operates its mobile commerce payment processing business); (b) TOT Group issued to Unified Payments  10 % of TOT Group’s issued and outstanding common stock which was valued at approximately $600,000 (valued based on a discounted cash flow analysis of TOT Group adjusted for a lack of marketability discount); and (c) TOT Group assumed approximately $20.6 million in liabilities of Unified Payments and its subsidiaries. Revenue and net loss from operations for Unified Payments from date of acquisition through the year ended December 31, 2013 was $14,765,114 and ($3,026,450), respectively.
	The following table summarizes the estimated fair value of consideration paid and the allocation of purchase price as of the date of acquisition (in millions).  The allocation of purchase price to the fair value of tangible and intangible assets and liabilities, including the estimated useful lives of acquired assets, is provisional and remains preliminary as management continues to assess the valuation of these items and any ultimate purchase price adjustments based on the final assets and net working capital, as prescribed by the purchase agreement.
		April 16th,
		2013
		(in Millions)
	Purchase Consideration:
	Assumption of Debt	$	20.6
	Issuance of TOT Group Stock (10%)		0.6
	Total Consideration Transferred	$	21.2
	Purchase Price Allocation to Identifiable assets acquired and liabilities assumed
	Current Assets	$	0.9
	Merchant Portfolios		4.4
	Other Intangible Assets		1
	Current Liabilities		-2.1
	Total Identifiable Net Assets		4.2
	Goodwill		17
	Total Purchase Price Allocation	$	21.2
	Intangible assets and merchant portfolios will be amortized in a manner consistent with the pattern in which the related benefits are expected to be consumed. Goodwill arising from the acquisition represents the estimated value of Unified Payments’ presence in key high growth markets, its assembled workforce, its management team's industry-specific project management expertise and synergies expected to be achieved from the combined operations of Unified Payments and TOT Money.
	As part of its June 30, 2013 financial statement closing process, as well as the Company’s review of the independent valuation performed in connection with the Unified Payments business combination, the Company determined that the reported goodwill of its TOT Payments unit as of June 30, 2013 was impaired. The carrying amount of this reporting unit was negative as of June 30, 2013, thus the Company performed Step 2 of the goodwill impairment test as of June 30, 2013. The fair value of the reporting unit was determined based on a combination of the income approach (discounted cash flow analysis) and market approach. The result of the Step 2 analysis indicated that the TOT Payments reporting unit’s goodwill was impaired by approximately $11.2 million as of June 30, 2013. The Company recorded a non-cash, goodwill impairment charge of approximately $11.2 million for the three months ended June 30, 2013. At December 31, 2013, the Company performed its impairment test again and determined that no impairment was necessary.
	On September 4, 2013, the Company entered into a letter agreement, dated as of August 28, 2013, with Oleg Firer, Steven Wolberg, Georgia Notes 18 LLC and Vladimir Sadovskiy, pursuant to which the Company agreed, subject to approval of the Company's shareholders, to issue such number of shares of Common Stock of the Company equal to 10% of the Company's issued and outstanding Common Stock as of the date of issuance of such shares in exchange for the Company's acquisition of the outstanding 10% minority interest in the Company's 90%-owned subsidiary, TOT Group, Inc. Pursuant to this agreement, the Company is obligated to issue to Mr. Firer (who is Chief Executive Officer and a director of the Company) 4.5% of the Company's issued and outstanding Common Stock as of the date of issuance of such shares, and to Mr. Wolberg (who is Chief Legal Officer and Secretary of the Company) 2% of the Company's issued and outstanding Common Stock as of the date of issuance of such shares.
	As of December 31, 2013, the number of shares, market price and total value for the 10% interest issued by the Company for the acquisition of the 10% minority interest of TOT Group, Inc. were 2,812,771 shares, $4.55 per share and $12,798,104, respectively. The Company’s non-cash compensation charge for this transaction,  was $13,305,817 which consists of  the $12,798,104 total value of the shares issued by the Company, the negative book value of the 10% minority interest in  TOT Group, Inc. of $1,107,713,  less the fair value of the 10% TOT Group stock of $600,000.
	Aptito Acquisition
	On June 18, 2013, Aptito, LLC (“Aptito”), an indirect subsidiary of the Company, entered into an Asset Purchase Agreement with Aptito.com, Inc., a New York corporation (“Seller”), pursuant to which Aptito acquired on such date substantially all of the business assets of Seller. The business assets sold to Aptito by Seller include the development, implementation and sales of an all-in-one, cloud-based, digital point-of-sale software and customer relations management and payments platform, including the Restaurant mPOS, a tablet-based point-of-sale solution that combines traditional point-of-sale functionality with mobile ordering, payments, social media, intelligent offers, mobile applications, loyalty and transactional data all in one solution using Seller’s (and now Aptito’s) cloud-based payments platform.
	As consideration for the acquired business assets, (a) Aptito assumed and simultaneously repaid $  145,000 of outstanding indebtedness (with an original principal balance totaling $  200,000 ); (b) the Company agreed to issue to Seller  125,000 restricted shares of the Company’s common stock, which shares will vest quarterly over 12 months (valued at $  718,750). The total purchase consideration was $  918,750 and ascribed to goodwill. At December 31, 2013,  67,712 shares with a value of $ 389,344 have been vested.
	The allocation of purchase price to the fair value of tangible and intangible assets and liabilities is provisional and remains preliminary as management continues to assess the valuation of these items and any ultimate purchase price adjustment based on final assets and net working capital, as prescribed by the purchase agreement and valuation.
	The Company’s subsidiary, TOT Group, which owns an  80% membership interest in Aptito, has an option to purchase Seller’s  20 % membership interest in Aptito at any time after December 31, 2014 or at any time upon a change of control (as defined in Aptito’s limited liability company agreement) of Aptito, with the purchase price based on the fair market value of Aptito as of the end of the calendar month immediately preceding TOT Group’s request for a valuation in accordance with the terms of the option, payable in cash, cancellation of indebtedness, shares of common stock or a combination of the foregoing.
	Revenue and net loss from operations for Aptito from date of acquisition through the year ended December 31, 2013 was $32,784 and ($406,376), respectively.
	Unaudited Pro Forma Information - Acquisitions
	The following unaudited supplemental pro forma results of operations include the results of operations of each of the companies acquired in the second quarter of 2013 described above as if each had been consolidated as of January 1, 2012, and have been provided for illustrative purposes only and do not purport to be indicative of the actual results that would have been achieved by the combined companies for the periods presented or that may be achieved by the combined companies in the future. Future results may vary significantly from the results reflected in the following pro forma financial information because of future events and transactions, as well as other factors, many of which are beyond the Company’s control.   Additionally, GMM Motorsports Media was divested on September 25, 2013 (see Note 5).
	The unaudited pro forma combined results of operations for the years ended December 31, 2013 and 2012 have been prepared by adjusting the historical results of the Company to include the historical results of the acquisitions described above as if they occurred January 1, 2012. The pro forma results of operations do not include any adjustments to eliminate the impact of acquisition related costs or any cost savings or other synergies that may result from these acquisitions. As noted above, the pro forma results of operations do not purport to be indicative of the actual results that would have been achieved by the combined company for the periods presented or that may be achieved by the combined company in the future and certain entities have been divested (see Note 5).
	Net Elemement
	Consolidated Proforma Statement of Operations
		December 31,2013		December 31,2012
	NET Revenues	$	25,378,495	$	58,124,459
	Net Loss from continuing operations	$	-41,948,056	$	-12,083,909

DISCONTINUED_OPERATIONS

DISCONTINUED OPERATIONS	12 Months Ended
	Dec. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]	'
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	'
	NOTE 5. DISCONTINUED OPERATIONS
	On September 25, 2013, the Company entered into a Contribution Agreement (the "Divestiture Contribution Agreement") with T1T Lab, LLC, a Florida limited liability company ("T1T Lab"), and T1T Group, LLC, a Delaware limited liability company ("T1T Group"), pursuant to which, on September 25, 2013, the Company contributed to T1T Lab all of its membership and participation interests in its subsidiaries Openfilm, LLC, Motorsport, LLC, Splinex, LLC, LegalGuru, LLC and MUSIC 1 LLC (a/k/a OOO Music1) (collectively, the "Disposed Subsidiaries").   The Disposed Subsidiaries constitute all of the Company's interests in online media businesses and operations (referred to herein collectively as the Company's "entertainment assets").   As described further below, following the transactions effectuated pursuant to the Divestiture Contribution Agreement, the Company indirectly owned a minority interest in the Disposed Subsidiaries through its 10% membership interest in T1T Lab.   The Company disposed its entertainment assets in order to focus its business operations on mobile payments, transactional services and related technologies and to reduce the significant expenses associated with developing and maintaining the entertainment assets.
	Pursuant to the Divestiture Contribution Agreement, the Company contributed to T1T Lab all of its membership and participation interests in the Disposed Subsidiaries and agreed to make an initial capital contribution to T1T Lab in the amount of $  1,259,000 (recorded as part of Due to related Parties (current portion) on the consolidated balance sheet),  payable in full or in installments when requested by T1T Lab but in no event later than within the 12-month period after September 25, 2013 (unless such period is mutually extended in writing by the Company and T1T Group).
	Subject to T1T Lab's prior written approval, a portion of the Company’s initial capital contribution may be made in the form of future services provided by the Company, with the value of such services to be agreed upon in writing between the Company and T1T Group prior to providing such services. The amount of the Company’s initial capital contribution is a negotiated amount required for T1T Lab to acquire the Disposed Subsidiaries. In exchange for such contributions, the Company was issued a 10% membership interest in T1T Lab and T1T Lab assumed $2,162,158 in liabilities (including $  2,000,000 owed by the Company to K 1 Holding Limited pursuant to a promissory note dated May 13, 2013) related to the Disposed Subsidiaries. In addition, all intercompany loans payable by the Disposed Subsidiaries to the Company, on the one hand, and by the Company to the Disposed Subsidiaries, on the other hand, were forgiven by the Company and by T1T Lab (as applicable).  The investment, which amounted to $46,113, is accounted for under the cost method since the Company owns 10% of T1T Lab, LLC and does not influence the operations of T1T Lab, LLC.
	On Februrary 11, 2014, the Company agreed to transfer to T1T Lab, LLC all of the Assigned Interests in consideration for the Company being released from its obligations to T1T LAB, LLC (including the obligations to make capital contributions to T1T LAB, LLC)(Also see Note 19 Subsequent Events).
	T1T Group is wholly-owned by Enerfund, LLC (which is wholly-owned by Mike Zoi, a director and majority stockholder of the Company).
	Based on the foregoing, and in conformity with applicable accounting guidance, the Disposed Subsidiaries qualify as a discontinued operation.   Accordingly, financial results of the Disposed Subsidiaries have been reported as discontinued operations in the accompanying consolidated statements of operations and comprehensive loss for all periods presented.
	Summarized results of the Company’s discontinued operations are as follows:
		Year ended December 31,
		2013		2012
	Revenues	$	14,484	$	27,630
	Loss Before Income taxes		-1,339,646		-3,335,780
	Income Tax Benefit		-		35,955
	Net Loss from Discontinued Operations	$	-1,339,646	$	-3,299,825
	As of December 31, 2013, there were no assets or liabilities of discontinued operations because the entities were divested on September 25, 2013. As of December 31, 2012, the aggregate components of assets and liabilities classified as discontinued operations and included in current assets and current liabilities consisted of the following:
		December 31
		2012
	Cash	$	32,950
	Other Current Assets		29,056
	Net Fixed Assets		29,258
	Due from related parties		-
	Intangible assets		101,196
	Total Assets	$	192,460
	Accounts Payable and Accrued Expenses		87,419
	Due to related parties		135,693
	Total Liabilities	$	223,112
	Net assets (deficit) of discontinued operations	$	-30,652

NOTES_RECEIVABLE

NOTES RECEIVABLE	12 Months Ended
	Dec. 31, 2013
Receivables [Abstract]	'
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	'
	NOTE 6. NOTES RECEIVABLE
	As of December 31, 2013 and 2012 the Company had net notes receivable of $0 and $6,088,934, respectively, as follows:
		December 31,		December 31, 2012 (as
		2013		restated)
	RM Invest	$	-	$	5,188,934
	Note receivable from former general director		1,834,302		-
	Infratont Equities, Inc.		-		1,791,475
	Less: Allowance for uncollectible note receivable		-1,834,302		-891,475
	Total note receivable, net	$	-	$	6,088,934
	On July 12, 2012, the Company’s Russian subsidiary, TOT Money, entered into a loan agreement pursuant to which it agreed to loan RM Invest up to a maximum of  200 million Russian rubles (approximately $  7.0 million in U.S. dollars). The interest rate on the loan was  10 % from the date of advance to the date of scheduled repayment on October 31, 2012 . TOT Money would earn interest income on this loan at approximately a  40 % annual rate if the loan was repaid timely given interest earned was 10% of the outstanding balance with a term of approximately three months. On August 16, 2012, the loan was increased to  300 million Russian rubles (approximately $  9.8 million in U.S. dollars). The original stated maturity date of the loan was October 31, 2012 and on February 25, 2013 the Company renegotiated the loan with RM Invest and extended the maturity date until October 1, 2013 with no further interest to be charged. As of June 30, 2013, the loan was fully satisfied.
	Infratont
	On November 26, 2012, the Company entered into a loan agreement with Infratont Equities, Inc. (“Infratont”), pursuant to which the Company loaned $1,791,475 to Infratont for the purpose of providing the borrower with working capital and funding of business development in general. The loan had a stated maturity of November 15, 2013 and accrued interest at a rate of  1.75 % per month, payable quarterly commencing in March 2013. The effect of the loan was to defer a repayment obligation of Tcahai Hairullaevich Katcaev to Mr. Polyanovskiy pursuant to an unrelated loan not involving the Company. Mr. Katcaev is the former general director of the Company’s subsidiary, TOT Money, and he owns a  20 % interest in RM Invest, a payment processing business in Russia. During the year ended December 31, 2013, the Company determined the Infratont loan was uncollectible and wrote off the outstanding balance against the corresponding allowance.
	Former General Director TOT Money
	The Company commenced its carrier-integrated mobile payment payments solutions operations, through its subsidiary TOT Money, during the third quarter of 2012. These operations consist of TOT Money paying aggregators for content to be provided to mobile operators. Aggregators are businesses that contract for content from many content providers and provide processing volume to TOT Money.   During the fourth quarter of 2012 and the six months ended June 30, 2013, TOT Money’s former general director was providing advances to aggregators based on projected processing volumes. Although the Company has a history of transactions with most aggregators, we do not obtain financial statements or bank references to complete a full credit review of each aggregator. In addition, aggregator advances are unsecured. As of December 31, 2012, the Company established a  10 % reserve on these aggregator advances based on actual and estimated processing volumes subsequent to these dates, and concluded that the net aggregator advances were recoverable as of December 31, 2012.
	During the second quarter of 2013, our new CEO and CEO’s appointed management of TOT Group Russia completed analyzing our aggregator and mobile operator relationship including having discussions with select aggregators. As part of this review, it was determined that the former general director of TOT Money provided advances to aggregators which exceeded the future processing volumes to be provided by these aggregators. As a result of this review, during the second quarter of 2013 it was concluded that a significant amount of these advances would not be recoverable in the form of future business from the aggregators. The former general director took responsibility for a certain amount of these advances and agreed to a settlement. The former general director was transferred to commercial director with responsibility to develop and promote new business until February 10, 2014 when he resigned.
	As part of the settlement discussed above, the Company entered into a settlement agreement with the former general director of TOT Money pursuant to which TOT Money is to receive $3.8 million to repay certain agreed upon amounts. The term of repayment will be dictated by the volume of future TOT Money business developed as repayment and is based on profit distributions to the former general director, which will be withheld until the $3.8 million settlement is recovered.
	Due to the past history of losses of the TOT Money operations, the Company fully reserved the discounted note receivable balance of $1.8 million. We do not expect to collect the outstanding balance from the former general director.

ACCOUNTS_RECEIVABLE_AND_ADVANC

ACCOUNTS RECEIVABLE AND ADVANCES TO AGGREGATORS	12 Months Ended
	Dec. 31, 2013
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]	'
Other Current Assets [Text Block]	'
	NOTE 7. ACCOUNTS RECEIVABLE AND ADVANCES TO AGGREGATORS
	Accounts receivable consist of amounts due from processors and Russian mobile operators. Total accounts receivable amounted to $10,619,289 at December 31, 2013, consisting primarily of $9,118,849 in amounts due from Russian mobile operators and $1,498,620 of TOT Payments, Inc. merchant receivables.
	The $1,498,620 of merchant receivables is net of a $2,111,303 allowance for amounts due from First Data as the result of a lawsuit (See Note 13). There were additional charges to bad debts for $423,179 for ACH rejects in the normal course of operations and  a charge for various receivables from Merchants for $50,000.
	The cycle of the TOT Payments processing business begins when TOT Payments charges merchants for processing services, based on a variable percentage of the dollar amount of each transaction and in some instances, additional fees are charged for each transaction. Merchant customers may also be charged miscellaneous fees, including statement fees, annual fees, monthly minimum fees, fees for handling chargebacks, gateway fees, and fees for other miscellaneous service.
	The cycle of the Russian TOT Money mobile payment processing business begins with TOT Money paying aggregators for traffic to be provided to mobile operators. Aggregators provide transactions to TOT Money for processing and billing to the mobile operators TOT Money has contracts with. The mobile operator contracts and associated receivables are with the three largest mobile telecommunications companies in Russia, Mobile TeleSystems OJSC, MegaFon OJSC and OJSC VimpelCom. The Company does not reserve for these accounts receivable given our payment history with each mobile operator and the size of each mobile operator company. The collection cycle with mobile operators is approximately 45 days.
	As discussed in Note 6, during the second quarter of 2013, the Company concluded that a significant amount of aggregator advances would not be recoverable in the form of future business from the aggregators. The Company had previously recorded loss provisions of approximately $6,700,000 in prior quarters and during 2012.
	In June of 2013, TOT Money entered into a new agreement with the general director, pursuant to which he was relieved of his position as general director and appointed as commercial director with responsibility to develop and promote new business. A new general director of TOT Money was appointed to manage the business and operations. New controls were implemented to pre-verify all payments to aggregators with the mobile operators to ensure the traffic is validated.
	Effective July 1, 2013, the TOT Money changed its policy where it no longer advances more than 1 week of funds to aggregators for future processing volume. Additionally, all traffic in excess of 1 weeks advance is verified with the mobile operator before payments are approved to aggregators. Advances to aggregators total $1,109,538 as of December 31, 2013.
	The Company monitors all accounts receivable, notes receivable and transactions with mobile operators and aggregators on a quarterly basis to ensure collectability and the adequacy of loss provisions. Considerations include payment history, business volume history, financial statements of borrower, projections of borrower and other standard credit review documentation. Management uses its best judgment to adequately reserve for future losses after all available information is reviewed.

FIXED_ASSETS

FIXED ASSETS	12 Months Ended
	Dec. 31, 2013
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment Disclosure [Text Block]	'
	NOTE 8. FIXED ASSETS
	Fixed assets are stated at cost less accumulated depreciation and amortization as follows:
		Useful life	December 31,		December 31,
		(in years)	2013		2012 (as
					restated)
	Furniture and equipment	10-Mar	$	236,432	$	325,522
	Computers	5-Feb		254,280		283,513
	Leasehold improvements*			-		19,956
	Total			490,712		628,991
	Less: Accumulated depreciation			-353,445		-367,232
	Total fixed assets, net		$	137,267	$	261,759
	* Leasehold improvements are amortized over the shorter of the economic usefull life or the lease term.
	Depreciation expense for the year ended December 31, 2013 and 2012 was $140,046 and $129,830, respectively.

INTANGIBLE_ASSETS

INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]	'
Goodwill and Intangible Assets Disclosure [Text Block]	'
	NOTE 9.  INTANGIBLE ASSETS
	Merchant Portfolios
	The following table reflects the Company’s merchant portfolio at their cost and net carrying value as of December 31, 2013:
				Remaining
		Fair		Useful Life in		Accumulated
		Market Value		Months		Amortization			Net
	TOT BPS, LLC	$	1,852,851	15		$	852,247		$	1,000,604
	TOT HPS, LLC		102,050	15			46,939			55,111
	TOT FBS, LLC		968,010	22			325,304			642,706
		$	2,922,911			$	1,224,490		$	1,698,421
	The useful lives of merchant portfolios represent management’s best estimate over which the Company will recognize the economic benefits of these intangible assets.
	Subsequent to the balance sheet date the Company was informed that its lawsuit with First Data Corp. was dismissed. The company subsequently filed an appeal, however, since the likelihood of successfully pursuing the recoupment of the portfolios appears to be remote; the Company has impaired the net asset value of the portfolio belonging to Process Pink, LLC as of December 31, 2013. As a result, the Company has written off the portfolio value (net of accumulated amortization) in the amount of $872,354. The Company has recognized this charge as a loss from impairment of portfolios in the accompanying statement of operations and comprehensive loss.
	The Company capitalizes certain costs for website development projects. Specifically, the Company capitalizes projects that are significant in terms of functional value added to the site. A capitalized project would be closer to a full product launch than an incremental or point release update. Costs for updates are expensed as incurred. Capitalized costs are amortized over 24 months on a straight-line basis. The Company also capitalizes projects from the point of start to the point the application, service or website is publicly launched. Amortization is straight-line over 24 months. Impairment is reviewed quarterly to ensure only viable active project costs are capitalized. Capitalized website development costs are included in other assets for the year ended December 31, 2012. There were no capitalized website development costs at December 31, 2013 as website assets were divested during the quarter ended September 30, 2013.
	During the year ended December 31, 2013, two key executives signed covenants not to compete. These covenants have a three-year life and have an estimated fair market value of $641,667 as of December 31, 2013.
	At December 31, 2013, the Company had $2,964,424 of intangible assets of which $2,322,757 are attributed to TOT Group. As of December 31, 2012, the Company’s intangible assets prior to the acquisition of Unified Payments amounted to $111,670. Shown below are the details of intangible assets as of December 31, 2013 and 2012:
		Domain		IP Sofware			Portfolios			Client Acquisition		Covenant Not to		Capitalized		Website		Other		Total
		Name								Costs		Compete		Patent Cost		Capitalization
																Cost
	Balance at January 1, 2012	$	6,787	$	-									$	34,801	$	75,875	$	2,500	$	119,963
	Additions		66,964		-			-			-				7,150		53,769		-		127,883
	Amortization		-		-			-			-				-4,032		-129,644		-2,500		-136,176
	Balance at December 31, 2012	$	73,751	$	-		$	-		$	-	$	-	$	37,919	$	-	$	-	$	111,670
	Additions		-		258,748			4,370,000			466,280		840,000		-		-		-		5,935,028
	Amortization		-		-14,923			-1,799,225			-85,769		-198,333		-2,017		-		-		-2,100,267
	Impairment		-		-			-872,354			-		-		-		-		-		-872,354
	Divested		-73,751		-			-			-		-		-35,902		-		-		-109,653
	Balance at December 31, 2013	$	-	$	243,825		$	1,698,421		$	380,511	$	641,667	$	-	$	-	$	-	$	2,964,424
	Amortization expense for the year ended December 31, 2013 was $2,100,267, and $136,176 for the year ended December 31, 2012.
	The following table presents the estimated aggregate amortization expense of other intangible assets for the next five years ending December 31, 2014 - 2017.
	2014	$	1,985,630
	2015		643,332
	2016		166,247
	2017		56,405
	Thereafter		112,810
	Total	$	2,964,424

SHORT_TERM_LOANS

SHORT TERM LOANS	12 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Short-Term Debt Disclosure [Text Block]	'
	NOTE 10. SHORT TERM LOANS
	As of December 31, 2013, the Company had approximately $8.5 million in short term loans, under a factoring agreement with Alfa-Bank that was entered by the Company’s Russian subsidiary, TOT Money.
	As of December 31, 2012, the Company had approximately $9.4 million in short term loans which consists of: (i) $7.6 million under a factoring agreement with Alfa-Bank that was entered by the Company’s Russian subsidiary, TOT Money, on September 28, 2012 and (ii) $1.8 million under a credit agreement with Alfa-Bank that was entered into by the Company’s Russian subsidiary TOT Money on August 17, 2012.
	As stated above, on September 28, 2012, the Company’s Russian subsidiary, TOT Money, entered into a factoring agreement with Alfa-Bank. Pursuant to the agreement, as amended, TOT Money has assigned to Alfa-Bank its accounts receivable as security for financing in an aggregate amount of up to 300 million Russian rubles (approximately $9.8 million in U.S. dollars) provided by Alfa-Bank to TOT Money. The amount loaned by Alfa-Bank pursuant to the agreement with respect to any particular account receivable is limited to 80% of the amount of the account receivable assigned to Alfa-Bank. Pursuant to the agreement, Alfa-Bank is required to track the status of TOT Money’s accounts receivable, monitor timeliness of payment of such accounts receivable and provide related services. The term of the agreement is from September 28, 2012 until May 20, 2014. Alfa-Bank’s compensation pursuant to the agreement for providing services for the administrative management of accounts receivable ranges from 10 Russian rubles (approximately $0.33 in U.S. dollars) to 100 Russian rubles (approximately $3.28 in U.S. dollars) per account receivable, depending upon whether financing was provided related to the particular account receivable and the form of the documentation related to the particular account receivable. Alfa-Bank’s compensation pursuant to the agreement for providing financing to TOT Money is calculated as a financing rate that ranges from 9.70% to 11.95% annually of the amounts borrowed, depending upon the amount borrowed and the number of days in the period from the date financing is provided until the date the applicable account receivable is paid; however, Alfa-Bank has the unilateral right to change such financing rates in the event of changes in certain market rates or in Alfa-Bank’s reasonable discretion. TOT Money’s obligations under the Agreement also are secured by a guarantee given by AO SAT & Company. AO SAT & Company is an affiliate of Kenges Rakishev, who is Chairman of the Board of Directors of the Company.
	In addition, on August 17, 2012, the Company’s Russian subsidiary, TOT Money, entered into a Credit Agreement with Alfa-Bank. Pursuant to the Credit Agreement, Alfa-Bank agreed to provide a line of credit to TOT Money with the credit line limit set at 300 million Russian rubles (approximately $9.8 million in U.S. dollars). The interest rate on the initial amount borrowed of 53.9 million rubles (approximately $1.8 million in U.S. dollars) under the Credit Agreement is 3.55% per annum. The loan was secured by 55.0 million rubles of restricted cash (approximately $1.8 million in U.S. dollars). Alfa-Bank has the unilateral right to change the interest rate on amounts borrowed under the Credit Agreement from time to time in the event of changes in certain market rates or in Alfa-Bank’s reasonable discretion, provided that the interest rate may not exceed 14% per annum. Interest must be repaid on a monthly basis on the 25th of each month. Amounts borrowed under the Credit Agreement must be repaid within six months of the date borrowed. The duration of the line of credit is set from August 17, 2012 through May 20, 2014. TOT Money’s obligations under the Credit Agreement are secured by a pledge of TOT Money’s deposits in its deposit account with Alfa-Bank and by a guarantee given by AO SAT & Company. AO SAT & Company is an affiliate of Kenges Rakishev.
	On February 13, 2013, the Alfa Bank Credit Agreement had a loan balance of  53,900,000 rubles (approximately $1.8 million in U.S. dollars) secured by  55,000,000 rubles (approximately $1.8 million in U.S. dollars) in restricted cash. The Company paid off this credit facility on February 14, 2013 in order to eliminate interest expense under the credit line and free up the restricted cash. The balance of this loan was $0 and $1.8 million at December 31, 2013 and 2012, respectively.

ACCRUED_EXPENSES

ACCRUED EXPENSES	12 Months Ended
	Dec. 31, 2013
Payables and Accruals [Abstract]	'
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	'
	NOTE 11. ACCRUED EXPENSES
	At December 31, 2013 and December 31, 2012, accrued expenses amounted to $3,484,963 and $910,022, respectively. Accrued expenses represent expenses that are owed at the end of the period and have not been billed by the provider or are estimates of services provided.  The following table details the items comprising the balances outstanding as of December 31, 2013 and December 31, 2012.
			December 31,		December 31,
					2012 (as
			2013		restated)
	Accrued professional fees	$	711,340	$	470,382
	Residual advances		240,000		-
	Accrued income and VAT taxes		350,743		-
	Promotional expense		261,311		221,311
	Accrued interest		196,396		39,421
	Accrued bonus		1,265,597		-
	Accrued payroll		282,804		36,816
	Other accrued expenses		176,772		142,092
		$	3,484,963	$	910,022
	Accrued performance bonuses of  $1,265,597 is attributed to the TOT Group subsidiaries, consisting of bonuses that were owed at the date of the Unified Payments acquisition, plus a discretionary bonus accrual.

LONG_TERM_DEBT

LONG TERM DEBT	12 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Long-term Debt [Text Block]	'
	NOTE 12. LONG TERM DEBT
	The Company assumed several long-term debt obligations in connection with its acquisition of the business assets of Unified Payments on April 16, 2013, which are summarized in the below tables.
	The components of the Company’s outstanding long-term debt as of December 31, 2013 are as follows:
	MBF Merchant Capital LLC	$	5,000,584
	RBL Capital Group, LLC		2,565,306
	Capital Sources		2,300,000
	Georgia Notes, LLC		11,098,066
	Other		107,668
	Subtotal	$	21,071,624
	Less: Current Portion		-3,816,093
	Long Term Debt	$	17,255,531
	MBF Merchant Capital, LLC
	The note payable to MBF Merchant Capital, LLC has a loan balance of $5,000,584, with a stated interest rate of  9.75 % and monthly principal and interest payments of $82,371 per month through March 15, 2016 and a balloon payment of $3,641,767 (includes accrued interest), which is due on March 15, 2016.
	RBL Capital Group, LLC
	The Company assumed two long-term notes with RBL Capital Group, LLC:
	One note provided for a  15.635 % interest rate and an assumed balance of the note, which was $1,532,853 at the acquisition date. The note requires monthly payments of $77,560 per month and is secured by the residuals received by a legacy processor of Process Pink. The Company assumed an amendment whereby, in the event that the cash flow ratio, as defined in the loan agreement is at the end of any calendar month less than 2:1 for two consecutive months, then the Company will be obligated to increase the monthly principal and interest payment to be $125,000 until such time the ratio falls below 2:1 for two consecutive months. Certain prepayment penalties exist, up to a maximum of 4% of the amount pre-paid, if the note is paid prior to maturity. The loan is collateralized by a security agreement whereby the lender has a senior priority security interest in the assets of the borrower. As of December 31, 2013, the lender has agreed not to accelerate any payments. The Company has been making interest payment only since July 2013. In addition the Company was required to accrue and recognize $70,750 of additional restructuring interest. Per subsequent events in Note 19, the loan has been fully repaid as of April 7, 2014. The Company paid RBL $1,567,693 in principal, interest and fees to settle this note.
	The second note provided for a  15.635 % interest rate and an assumed balance of the note, which was $  1,673,485 at the acquisition date. The note requires monthly payments of $84,584 per month and is secured by residuals received by a legacy processor of TOT BPS, LLC. The Company assumed an amendment whereby, in the event of the cash flow ratio, as defined in the loan agreement, is at the end of any calendar month less than 1.7:1 for 3 consecutive months, then the Company will be obligated to increase the monthly principal and interest payment to be $  125,000 until such time the ratio falls below 1.7:1 for two consecutive months. As of December 31, 2013, the lender has agreed not to accelerate any payments. In addition the Company was required to accrue and recognize $77,157 of additional restructuring interest. Per subsequent events in Note 19, the loan has been fully repaid as of April 7, 2014. The Company paid RBL $1,034,150 in principal, interest and fees to settle this note.
	Capital Sources of New York
	The Company assumed the outstanding note payable of $2,300,000 in principal due to Capital Sources of New York.  Under the terms of the note, the note is interest only through February 1, 2014, at which time principal and interest is payable in 24 equal installments of $111,519. The note bears interest at a rate of  15% per annum. The note is unsecured. The total principal outstanding under the note was $2,300,000 as of December 31, 2013. The Company has accrued interest related to the note of $234,250 as of December 31, 2013.
	K 1 Holding Limited
	On May 14, 2013, the Company executed and delivered to K 1 Holding Limited (“K1 Holding”) a promissory note, dated May 13, 2013, in the principal amount of $  2 million, in connection with a loan in such amount made by K1 Holding to the Company. Proceeds from the loan are required to be used for general business purposes of the Company. Since there is no interest stated on this note, the Company used the effective interest method to calculate imputed interest at an effective rate of  13.25 %. The Company recognized a discount on the loan of $  463,358, resulting in an initial present value of $  1,536,642. This discount will be amortized over the life of the loan as interest expense. K1 Holding is an affiliate of Igor Yakovlevich Krutoy. Mr. Krutoy, through K1 Holding, owns a 33 % interest in the Company’s former subsidiary OOO Music1. At the time the K1 Note was entered into by the Company and the related loan made by K1 Holding to the Company, the Company  was negotiating a letter agreement dated May 13, 2013 with TGR Capital, LLC (a company owned and controlled by Mike Zoi) and K1 Holding. The draft of that letter agreement at that time provided that, as a condition to K1 Holding making the foregoing loan to the Company and to K1 Holding entering into an agreement to provide certain business development consulting services to the Company, (i) the Company would issue to K1 Holding a number of restricted shares of common stock of the Company equal to 2% of the total issued and outstanding shares of common stock of the Company at the time of issuance and (ii) TGR Capital, LLC would transfer to K1 Holding such number of restricted shares of common stock of the Company as is needed to bring K1 Holding’s and Mr. Krutoy’s aggregate beneficial ownership of common stock of the Company to 10% of the total issued and outstanding shares of common stock of the Company at the time of such transfer. TGR Capital, LLC is an affiliate of Mike Zoi. The foregoing letter agreement was not finalized nor entered into by the parties at that time.
	On September 25, 2013, the K1 Note was assumed by T1T Lab in connection with divesture of entertainment assets on that date.  At that time, the parties continued negotiating that letter agreement and agreed in principal that, pursuant to that letter agreement, (i) the Company would issue to K1 Holding a number of restricted shares of common stock of the Company equal to 4% (instead of 2% as initially contemplated) of the total issued and outstanding shares of common stock of the Company at the time of issuance and (ii) TGR Capital, LLC would transfer to K1 Holding such number of restricted shares of common stock of the Company as is needed to bring K1 Holding's and Mr. Krutoy's aggregate beneficial ownership of common stock of the Company to 10% of the total issued and outstanding shares of common stock of the Company at the time of such transfer (decreasing the amount of shares required to be transferred by TGR Capital, LLC to K1 Holding from 8% to 6% of the total issued and outstanding shares of common stock of the Company).
	On December 5, 2013, the Company entered into (i) a letter agreement (the "K1 Agreement") with TGR Capital, LLC and K 1 Holding and (ii) a Services Agreement with K1 Holding (the "Services Agreement"). The K1 Agreement requires the Company to issue to K1 Holding a number of restricted shares of common stock of the Company equal to 4% of the total issued and outstanding shares of common stock of the Company at the time of issuance. Mr. Krutoy, through K1 Holding, owns a 33% equity interest in MUSIC 1 LLC (a/k/a OOO Music1), a former subsidiary of the Company. Further, the K1 Agreement requires TGR Capital, LLC to transfer to K1 Holding such number of restricted shares of common stock of the Company as is needed to bring K1 Holding's and Mr. Krutoy's aggregate beneficial ownership of common stock of the Company to 10% of the total issued and outstanding shares of common stock of the Company at the time of such transfer. The issuance and transfer of such shares of common stock to K1 Holding is consideration for the services to be provided pursuant to the Services Agreement (as described below) and for making a $2 million loan to the Company that was made on May 14, 2013 (the related promissory note was subsequently assumed by T1T Lab, LLC in connection with the Company's disposition of its online media subsidiaries to T1T Lab, LLC on September 25, 2013). T1T Lab, LLC is an affiliate of Mike Zoi. The issuance by the Company of any shares of its common stock to K1 Holding pursuant to the K1 Agreement was approved by the Company’s shareholders at the 2013 annual meeting of shareholders of the Company. The Services Agreement provides that K1 Holding will provide investor relations services for the Company and its affiliates outside the United States and that K1 Holding will assist the Company and its affiliates with future negotiations and maintaining their relationship with Mobile TeleSystems OJSC, MegaFon OJSC, OJSC VimpelCom (a/k/a Beeline) and their respective affiliates (collectively, the "Mobile Carriers"). The Company's subsidiary, TOT Money, has agreements to provide mobile payment processing services for electronic payments using SMS (short message services, which is a text messaging service) and MMS (multimedia message services) initiated by the mobile phone subscribers of each of the Mobile Carriers in Russia. The term of the Services Agreement expires on December 5, 2015.
	Georgia Notes, LLC
	Pursuant to the Contribution Agreement entered into by the Company on April 16, 2013 with Unified Payments, TOT Group, Oleg Firer and Georgia Notes 18 LLC, on January 1, 2014, the preferred membership interest in Unified Payments plus payable in kind interest accrued thereon was  converted into a  8 % interest only loan with a face value of approximately $ 13.3 million (interest compounding annually with a balloon payment of approximately $13.3 million due on January 1, 2017).  This convertible preferred membership interest is classified as long term debt in the accompanying consolidated balance sheets, at its present value of $11,098,066, which includes accrued interest, in accordance with the Contribution Agreement.
	Scheduled Debt Principal Repayment
	Scheduled principal repayments on all debt, including Georgia Notes, LLC as of December 31, 2013 are as follows:
	2014	$	3,816,093
	2015		2,411,407
	2016		3,746,058
	2017		13,268,000
	Subtotal	$	23,241,558
	Less: Unamortized debt discount		-2,169,934
	Balance as of December 31, 2013	$	21,071,624

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	NOTE 13. COMMITMENTS AND CONTINGENCIES
	On January 2, 2013, the Company entered into an employment agreement with Timothy Greenfield whereby Mr. Greenfield is employed as President – Mobile Commerce & Payment Processing. Mr. Greenfield’s annual salary is $235,000 and he received a $25,000 signing bonus. Mr. Greenfield is entitled to other benefits including a discretionary bonus, vacation/personal days and participation in the Company’s benefit plan for health insurance. Mr. Greenfield is entitled to a one-time payment of $100,000 if his at-will employment is terminated for other than cause.
	On May 10, 2013, the Company entered into a new lease agreement, which is dated as of May 1, 2013, for approximately  5,200 square feet of office space located at 3363 N.E. 163rd Street, Suites 705 through 707, North Miami Beach, Florida 33160. The Company moved its corporate headquarters and principal executive office to this location in June 2013. The term of the lease agreement is from May 1, 2013 through December 31, 2016, with monthly rent at the rates of $16,800 per month (or $134,400 for the initial eight-month period) for the period from May 1, 2013 through December 31, 2013, $17,640 per month (or $211,680 per year) for the period from January 1, 2014 through December 31, 2014, $18,522 per month (or $222,264 per year) for the period from January 1, 2015 through December 31, 2015 and $19,448.10 per month (or $233,377.20 per year) for the period from January 1, 2016 through December 31, 2016.
	The Company also leases office space in Russia and the Ukraine. Total rent expense for these leases was $386,722 and $181,777 for the year ended December 31, 2013 and 2012, respectively. Future minimum lease payments are $202,317.
	As discussed in Note 7, the Company entered into a settlement agreement with the former general director of TOT Money. Pursuant to the agreement, the former general director is to receive profit sharing of  30 % of the TOT Money profit as adjusted by certain items listed in the settlement agreement if they relevant for the period. The full amount of the settlement agreement ($3.8 million) has been reserved given the former general director resigned on February 10, 2014 and we do not believe we will collect this amount.
	First Data Corporation
	On July 30, 2013, TOT Payments, LLC, brought an action against First Data Corporation in the State of New York Supreme Court(Index No. 652663-2013). The amount of damages being sought is $10,000,000 per cause.  In its complaint, TOT Payments claims that the defendant breached its obligations pursuant to a 2006 Marketing Agreement entered into between Money Movers of America, Inc. (MMOA) and Paymentech, Inc. (the “MMOA Agreement”) to pay MMOA monthly residual income on various merchant accounts boarded with Paymentech pursuant to the MMOA Agreement.  TOT Payments, through a series of historic transactions, is the successor in interest to the rights and obligations of MMOA in the MMOA Agreement.  The defendant is the successor in interest to Paymentech.  On July 15, 2013, the defendant failed to pay to TOT Payments the monthly residuals otherwise due as the defendant alleges that the MMOA Agreement was lawfully terminated in April 2012 and that the defendant had 180 days after the termination notice to move the MMOA merchants to a new platform failing which the defendant could withhold residual payments and that the defendant would own all merchant accounts boarded under the MMOA Agreement. The amount of the unpaid residuals, are between $150,000 and $250,000 net of all interchange charges.  TOT Payments disputes receiving proper notice and is disputing the rights of the defendant to withhold monthly residuals due. There was an adjournment because of the motions made in the appellate division.  Plaintiffs’ opposition to First Data’s motion to dismiss (for lack of standing) was filed on October 24, 2013. Defendant's Reply to Plaintiff's opposition was filed October 31, 2013. Defendant's filed both a memorandum in support and an affirmation in support to dismiss and oral argument was heard November 1, 2013. The case was subsequently dismissed and the Company has requested legal counsel to preserve its rights to Appeal the dismissal.
	OOO-RM Invest
	On March 17, 2014, the Company was served with a lawsuit brought by OOO-RM Invest in the US District Court, Southern District of Florida. In its complaint, OOO-RM Invest claims that on or about July 11, 2012 it entered into an “oral agreement” with the Company allegedly agreeing: (a)to form a new entity, TOT Money International, LTD that would continue the operations of Plaintiff; (b) that the Company would provide TOT Money International, LTD financing in the amount of 600,000,000 Russian rubles; (c) that the Company would assume certain liabilities of Plaintiff; (d) that the Company would be responsible for all business operations of Plaintiff and TOT Money International, LTD; (e) that the Company would deliver the Digital SkyTechnologies ("DST'') account and stated key DST structures  to TOT Money International, LTD; (f) that Plaintiff would receive a 30% ownership stake in TOT Money International, LTD and/or receive shares of stock in the Company; (g) that Tcahai Hairullaevich Katcaev would hold the position of General Director of TOT Money; (j) Plaintiff would provide TOT Money International, LTD with access to Plaintiff’s operating accounts; and (h) Plaintiff would transfer client accounts and contracts to TOT Money. Plaintiff claims that the Company breached its obligations pursuant to that alleged oral agreement, and is seeking, among other things, compensatory damages in excess of $50 million.  The Company strongly denies the allegations referenced in the complaint and will vigorously defend its interests.
	C&H Financial Services
	During February 2014, the Company was served with a lawsuit filed in the 11th Judicial Circuit Court for Miami-Dade County, Florida, (the “Lawsuit”) by C&H Financial Services, Inc., (“C&H”), Anthony Holder, (“Holder”) and James Costanzo (“Costanzo”) -  (hereinafter C&H, Holder, and Costanzo are collectively referred to as “Plaintiffs”).  The Plaintiffs allege inter alia that that the Company breached a certain agreement dated July 31, 2013 between the parties relating to certain merchant payment processing accounts and are seeking judgment and unspecified compensatory damages from the Company.  Plaintiffs are also seeking certain other relief from the Court arising from the said agreement as well as declaratory relief regarding a disputed non-compete agreement entered into by Holder and Costanzo as former employees of the Company.  The Company vigorously disputes the allegations of the Plaintiffs and has engaged legal counsel to defend the lawsuit.
	Other Legal Proceedings
	The Company is also involved in certain legal proceedings and claims, which arise in the ordinary course of business. In the opinion of the Company, based on consultations with outside counsel, the results of any of these ordinary course matters, individually and in the aggregate, are not expected to have a material effect on its results of operations, financial condition, or cash flows. As more information becomes available, if the Company should determine that an unfavorable outcome is probable on such a claim and that the amount of such probable loss that it will incur on that claim is reasonably estimable, it will record a reserve for the claim in question. If and when the Company records such a reserve, it could be material and could adversely impact its results of operations, financial condition, and cash flows.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	NOTE 14. RELATED PARTY TRANSACTIONS
	As of December 31, 2013, the Company had $1,451,357 due to related parties, consisting primarily of $1,149,391 to T1T Lab, and $301,966 due to Enerfund, LLC (which is wholly-owned by Mike Zoi, a director and majority stockholder of the Company).  The $1,149,391 due to T1T Lab was forgiven in the first quarter of 2014 in exchange for our 10% interest in T1T Lab (See Subsequent Events Note 19).

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2013
Equity [Abstract]	'
Stockholders Equity Note Disclosure [Text Block]	'
	NOTE 15. STOCKHOLDERS’ EQUITY
	Subscription Agreements
	On February 2, 2012, Net Element entered into a Subscription Agreement with one of its directors, Felix Vulis, pursuant to which Mr. Vulis purchased from the Company for $100,000: (i) 16,667 shares of common stock of the Company; (ii) a three-year warrant to purchase up to an additional 16,667 shares of common stock of the Company with an exercise price of $10 per share; (iii) a three-year warrant to purchase up to an additional16,667 shares of common stock of the Company with an exercise price of $20 per share; and (iv) a three-year warrant to purchase up to an additional 16,667 shares of common stock of the Company with an exercise price of $40 per share. These warrants were cancelled on October 2, 2012 pursuant to the Merger Agreement with Net Element. The price of the Company’s stock was $13.60 on the date of grant and the Company recorded a corresponding compensation charge of $806,667 during the year ended December 31, 2012.
	On February 23, 2012, Net Element entered into a Subscription Agreement pursuant to which it sold 333,333 newly issued shares of common stock of the Company to Kenges Rakishev for an aggregate purchase price of $2,000,000, or $6.00 per share. In connection with this Subscription Agreement, the Company recorded a corresponding compensation charge for $1,333,333 to recognize the difference between $6.00 per share and the market price of the stock on February 23, 2012 of $10.00 per share for the year ended December 31, 2012.
	On April 6, 2012, the Company entered into a Joint Venture Agreement with Igor Yakovlevich Krutoy. Pursuant to the Joint Venture Agreement, the parties agreed to form a limited liability company under the laws of the Russian Federation named Music1 (“Music1 Russia”), which would be owned 67 % by the Company’s newly formed subsidiary Net Element Russia and 33 % by a newly formed company controlled by Mr. Krutoy which is to be named K1 Holdings. The general purpose of the Music1 Russia joint venture is to promote the Company’s www.music1.com platform in the Commonwealth of Independent States (CIS) countries (comprised of participating states of the former Soviet Union).
	In accordance with the Joint Venture Agreement, on September 6, 2012 Mr. Krutoy entered into a Subscription Agreement to purchase 333,333 shares of Net Element common stock for an aggregate purchase price of $2 million, which amount was funded on June 6, 2012. A compensation charge of $800,000 was recorded to recognize the difference between the fair value and contracted value of shares provided for the year ended December 31, 2012.
	For a nominal amount, K1 Holdings acquired a 33% ownership interest in Music1 Russia. The Company agreed to contribute to Music1 Russia (i) exclusive, non-assignable, royalty-free, perpetual, world-wide rights to use and operate the Internet domain www.music1.com (the “Website”), (ii) non-exclusive, non-assignable, limited, royalty-free, perpetual, world-wide rights to use the Company’s Launchpad computer system technology for the operation of Internet based contests, (iii) non-exclusive, non-assignable, limited, royalty-free, perpetual, world-wide rights to integrate the Company’s Music Brain technology into the Website and (iv) not less than $2 million in the form of an interest-free loan to maintain the operations of Music1 Russia. Mr. Krutoy also agreed to (i) provide monetization opportunities; propositions and other business development introductions identified by Music1 Russia as having significant business potential and (ii) act as an advisor and Chairman of the Board of Directors of Music1 Russia for a period of two years. As consideration for such advisory services and services as Chairman of the Board of Directors of Music1 Russia, the Company agreed to issue Mr. Krutoy 125,000 shares of restricted stock of the Company, with half of such shares issued to Mr. Krutoy within one month after he becomes Chairman of Music1 Russia and the other half of such shares issued to Mr. Krutoy within one month after the start of the second calendar year of his term as Chairman of Music1 Russia. The Company did not issue any shares of restricted stock to Mr. Krutoy. Such obligation to issue shares of the Company was subsequently modified pursuant to a letter agreement dated December 5, 2013 with TGR Capital, LLC and K 1 Holding Limited.  Such agreement is summarized below.
	On December 5, 2013, Net Element International, Inc. (the "Company") entered into (i) a letter agreement (the "K1 Agreement") with TGR Capital, LLC and K 1 Holding Limited ("K1 Holding") and (ii) a Services Agreement with K1 Holding (the "Services Agreement"). The K1 Agreement requires the Company to issue to K1 Holding a number of restricted shares of common stock of the Company equal to 4% of the total issued and outstanding shares of common stock of the Company at the time of issuance or 1,125,109 shares. This letter agreement provides that such issuance is in lieu of and will satisfy all obligations to issue any shares or any other equity interest in the Company or its predecessors or successor to Mr. Krutoy or his affiliates under any previous agreements. Mr. Krutoy, through K1 Holding, owns a 33% equity interest in MUSIC 1 LLC (a/k/a OOO Music1), a former subsidiary of the Company. The Company recorded a compensation charge of $2,587,749 for the year ended December 31, 2013. Further, the K1 Agreement requires TGR Capital, LLC to transfer to K1 Holding such number of restricted shares of common stock of the Company as is needed to bring K1 Holding's and Mr. Krutoy's aggregate beneficial ownership of common stock of the Company to 10% of the total issued and outstanding shares of common stock of the Company at the time of such transfer. The issuance and transfer of such shares of common stock to K1 Holding is consideration for the services to be provided pursuant to the Services Agreement (as described below) and for making a $2 million loan to the Company that was made on May 14, 2013 (the related promissory note was subsequently assumed by T1T Lab, LLC in connection with the Company's disposition of its online media subsidiaries to T1T Lab, LLC on September 25, 2013). Each of TGR Capital, LLC and T1T Lab, LLC is an affiliate of the Company's director and majority shareholder, Mike Zoi.
	The Services Agreement provides that K1 Holding will provide investor relations services for the Company and its affiliates outside the United States and that K1 Holding will assist the Company and its affiliates with future negotiations and maintaining their relationship with Mobile TeleSystems OJSC, MegaFon OJSC, OJSC VimpelCom (a/k/a Beeline) and their respective affiliates (collectively, the "Mobile Carriers"). The Company's subsidiary, TOT Money, has agreements to provide mobile payment processing services for electronic payments using SMS (short message services, which is a text messaging service) and MMS (multimedia message services) initiated by the mobile phone subscribers of each of the Mobile Carriers in Russia. The term of the Services Agreement expires on December 5, 2015.
	Other
	During December 2012, the Company’s Board of Directors authorized, and the Company announced on December 10, 2012, a plan permitting the repurchase by the Company of up to $2.5 million of issued and outstanding shares of the Company’s common stock in open market or privately negotiated transactions during the 24-month period ending December 10, 2014. For the year ended December 31, 2013, the Company repurchased 169,022 shares of its common stock for $477,936 or an average price of $2.83 per share including 137,207 shares that were repurchased by the Company in a private transaction outside the parameter of the publicly announced repurchase plan.
	On September 4, 2013, the Company entered into a letter agreement, dated as of August 28, 2013, with Oleg Firer, Steven Wolberg, Georgia Notes 18 LLC and Vladimir Sadovskiy, pursuant to which the Company agreed, subject to approval of the Company's shareholders, to issue such number of shares of Common Stock of the Company equal to 10% of the Company's issued and outstanding Common Stock as of the date of issuance of such shares in exchange for the Company's acquisition of the outstanding 10% minority interest in the Company's 90%-owned subsidiary, TOT Group, Inc. Pursuant to this agreement, the Company is obligated to issue to Mr. Firer (who is Chief Executive Officer and a director of the Company) 4.5% of the Company's issued and outstanding Common Stock as of the date of issuance of such shares, and to Mr. Wolberg (who is Chief Legal Officer and Secretary of the Company) 2% of the Company's issued and outstanding Common Stock as of the date of issuance of such shares. The agreement was subject to shareholder approval which occurred on December 5, 2013. The Company recorded a compensation charge of $13,305,817 for the year ended December 31, 2013.
	On September 25, 2013, the Company entered into a Contribution Agreement with T1T Lab, LLC, a Florida limited liability company ("T1T Lab"), and T1T Group, LLC, a Delaware limited liability company, pursuant to which, on September 25, 2013, the Company contributed to T1T Lab all of its membership and participation interests in its subsidiaries Openfilm, LLC, Motorsport, LLC, Splinex, LLC, LegalGuru, LLC and MUSIC 1 LLC (a/k/a OOO Music1) (collectively, the "Disposed Subsidiaries"). The Disposed Subsidiaries constitute all of the Company's interests in online media businesses and operations (referred to herein collectively as the Company's "entertainment assets"). Pursuant to the Contribution Agreement, the Company contributed to T1T Lab all of its membership and participation interests in the Disposed Subsidiaries and agreed to make an initial capital contribution to T1T Lab in the amount of $1,259,000, a portion of which may be paid in the form of future services provided by the Company. In exchange for such contributions, the Company was issued a 10% membership interest in T1T Lab and T1T Lab assumed $2,162,158 in liabilities (including $2,000,000 owed by the Company to K 1 Holding Limited pursuant to a promissory note dated May 13, 2013) related to the Disposed Subsidiaries. In addition, all intercompany loans payable by the Disposed Subsidiaries to the Company, on the one hand, and by the Company to the Disposed Subsidiaries, on the other hand, were forgiven by the Company and T1T Lab (as applicable). Total intercompany loans forgiven by the Company, net of the total intercompany loans forgiven by the Disposed Subsidiaries, was $9,254,725. The remaining 90% membership interest in T1T Lab is owned by T1T Group, LLC, which is wholly-owned by Enerfund, LLC (which is wholly-owned by Mike Zoi). On February 11, 2014, Net Element, Inc. (the "Company") executed an Assignment of Membership Interest in favor of T1T Group, LLC ("T1T Group”). Pursuant to such assignment, the Company transferred to T1T Group all of the Company’s Interests in T1T LAB, LLC in consideration for the Company being released from all of its obligations to T1T LAB, LLC (including the obligations to make capital contributions to T1T LAB, LLC). The Company previously owned ten percent (10%) of the membership interest in T1T LAB, LLC. Upon such assignment, the Company has no further interests or obligations to T1T LAB, LLC.
	On December 5, 2013, the Board submitted and the shareholders approved the Net Element International, Inc. 2013 Equity Incentive Plan (the "2013 Plan"). The purpose of the 2013 Plan is to encourage and enable employees, independent contractors and directors of the Company and its subsidiaries to acquire a proprietary interest in the Company through the ownership of the Company's Common Stock and other rights with respect to the Company's Common Stock. Such ownership is intended to provide such employees, independent contractors and directors with a more direct stake in the future welfare of the Company. It is also expected that the 2013 Plan will encourage qualified persons to seek and accept employment with the Company and its subsidiaries and to become and remain directors of the Company. Awards under the 2013 Plan may be granted in any one or all of the following forms: (i) incentive stock options ("Incentive Stock Options") meeting the requirements of Section 422 of the Internal Revenue Code of 1986, as amended (the "Code"); (ii) non-qualified stock options ("Non-Qualified Stock Options") (unless otherwise indicated, references to "Options" include both Incentive Stock Options and Non-Qualified Stock Options); (iii) stock appreciation rights ("Stock Appreciation Rights"), which may be awarded either in tandem with Options ("Tandem Stock Appreciation Rights") or on a stand-alone basis ("Nontandem Stock Appreciation Rights"); (iv) shares of Common Stock that are restricted ("Restricted Shares"); (v) units representing shares of Common Stock ("Performance Shares"); (vi) units that do not represent shares of Common Stock but which may be paid in the form of Common Stock ("Performance Units"); and (vii) shares of Common Stock that are not subject to any conditions to vesting ("Unrestricted Shares"). The maximum aggregate number of shares of Common Stock available for award under the 2013 Plan is 5,630,000, subject to adjustment as provided for in the 2013 Plan. Shares of Common Stock issued pursuant to the 2013 Plan may be either authorized but unissued shares or issued shares reacquired by the Company. In the event that prior to the end of the period during which Options may be granted under the 2013 Plan, any Option or any Nontandem Stock Appreciation Right under the 2013 Plan expires unexercised or is terminated, surrendered or cancelled (other than in connection with the exercise of Stock Appreciation Rights) without being exercised in whole or in part for any reason, or any Restricted Shares, Performance Shares or Performance Units are forfeited, or if such awards are settled in cash in lieu of shares of Common Stock, then such shares will be available for subsequent awards under the 2013 Plan. The 2013 Plan will be administered by the compensation committee. The compensation committee will have the power and authority to, among other things: (i) grant Options and determine the purchase price of the Common Stock covered by each Option, the term of each Option, the number of shares of Common Stock to be covered by each Option and any performance objectives or vesting standards applicable to each Option; (ii) designate Options as Incentive Stock Options or Non-Qualified Stock Options and determine which Options, if any, will be accompanied by Tandem Stock Appreciation Rights; (iii) grant Tandem Stock Appreciation Rights and Nontandem Stock Appreciation Rights and determine the terms and conditions of such rights; (iv) grant Restricted Shares and determine the terms of the restricted period and other conditions and restrictions applicable to such shares; (v) grant Performance Shares and Performance Units and determine the performance objectives, performance periods and other conditions applicable to such shares or units; (vi) grant Unrestricted Shares; and (vii) determine the employees, independent contractors and directors to whom, and the time or times at which, Options, Stock Appreciation Rights, Restricted Shares, Performance Shares, Performance Units and Unrestricted Shares will be granted. Awards may be made to all employees, independent contractors (including persons other than individuals) and directors of the Company or any of its subsidiaries. In determining the employees, independent contractors and directors to whom awards will be granted and the number to be covered by each award, the compensation committee will take into account the nature of the services rendered by such employees, independent contractors and directors, their present and potential contributions to the success of the Company and its subsidiaries and such other factors as the compensation committee deems relevant.
	On December 5, 2013, shareholders approved the issuance of 75,000 shares to Curtis Wolfe. On May 10, 2013, the Company entered into a Settlement, Separation Agreement and General Release (the "Separation Agreement") with Curtis Wolfe. A copy of the Separation Agreement is attached as Appendix "B" hereto. Mr. Wolfe is a former employee and the former Secretary of the Company and he is the Chief Executive Officer and Chairman of our 70%-owned subsidiary, LegalGuru LLC. Mr. Wolfe also owns the remaining 30% interest in LegalGuru LLC through Lobos Advisors, LLC (a company of which Mr. Wolfe is the President and managing member). Mr. Wolfe's employment with the Company was effectively terminated as of February 15, 2013 since that is that is the approximate date when Mr. Wolfe discontinued providing services to the Company, although he continued to hold the position of Secretary of the Company until April 10, 2013. Pursuant to the Separation Agreement, the Company agreed, subject to the approval of shareholders at the annual meeting, to issue to Mr. Wolfe 75,000 shares of Common Stock of the Company as severance and compensation for his service as an employee of the Company until February 15, 2013. The Company agreed that Mr. Wolfe would have piggyback registration rights with respect to these shares of Common Stock. The Company recorded a compensation charge of $356,250 for the year ended December 31, 2013.
	During 2013, the Company issued common stock to the members of its Board of Directors and recorded a compensation charge of $300,004.

WARRANTS

WARRANTS	12 Months Ended
	Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	'
	NOTE 16. WARRANTS
	At December 31, 2013, the Company had  8,938,900 warrants outstanding (as a result of  1,100 warrants exercised during 2012) with a weighted average exercise price of $7.50 and a weighted average contract term of  3.75 years. These warrants have no value as of December 31, 2013 and 2012.
	On January 22, 2013, the Company filed a post-effective amendment on Form S-3 to its registration statement on Form S-4 (File No. 333-182076), as subsequently amended, in order to register the issuance and sale by the Company of up to  4,600,000 shares of common stock upon the exercise of warrants that were originally issued by the Company (then known as Cazador Acquisition Corporation Ltd.) in connection with its initial public offering, which warrants became exercisable upon the consummation of the transactions contemplated by the Merger Agreement between the Company and Net Element dated as of June 12, 2012. Each warrant entitles the holder thereof to purchase one share of common stock upon payment of the exercise price of $7.50 per share. As of the date this Report was filed with the Commission, that post-effective amendment has not been declared effective by the Commission.
	On February 12, 2013, the Company filed a registration statement on Form S-3 (File No. 333-186621), as subsequently amended, in order to register (i) the resale from time to time by the selling security holders identified therein of up to 4,340,000 warrants that were originally issued by the Company (then known as Cazador Acquisition Corporation Ltd.) to Cazador Sub Holdings Ltd. in connection with a private placement prior to the Company’s initial public offering and that became exercisable beginning on April 2, 2013 , and (ii) the issuance and sale by the Company of up to 4,340,000 shares of common stock upon exercise of such warrants. Each warrant entitles the holder thereof to purchase one share of common stock upon payment of the exercise price of $7.50 per share. As of the date this Report was filed with the Commission, that registration statement has not been declared effective by the Commission. Of the 4,340,000 warrants issued, Francesco Piovanetti (the former Chief Executive Officer and a former director of the Company) and David P. Kelley II (a current director of the Company) own  3,609,631 and  14,000 warrants, respectively, to purchase an aggregate of  3,623,631 shares of the Company’s common stock.

INCOME_TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	NOTE 17. INCOME TAXES
	The components of loss from continuing operations before income tax provision are as follows:
		December 31,			December 31,
		2013			2012 (as restated)
	United States	$	-38,963,263		$	-12,148,458
	Foreign		-8,922,473			-919,325
		$	-47,885,736		$	-13,067,783
	There was no U.S. current or deferred income tax provision for the years ended December 31, 2013 and 2012. There was a current foreign tax provision of $213,284 and $155,683 for the years ended December 31, 2013 and 2012.
	The following is a reconciliation of the effective income tax rate with the U.S. federal statutory income tax rate at December 31, 2013 and December 31, 2012:
		December 31,				December 31,
		2013				2012 (as restated)
	U. S. Federal statutory income tax rate		34	%			34	%
	State income tax, net of federal tax benefit		1.7	%			1.9	%
	Compensation related permanent differences		-11.8	%			-16.2	%
	Difference in foreign tax rates		-0.9	%			-1.6	%
	Nondeductible provision for loan losses		-4.5	%			-
	Change in uncertain tax liabilities		-0.4	%			-	%
	Increase in valuation allowance		-18.5	%			-19.3	%
	Effective income tax rate		-0.4	%			-1.2	%
	The effective tax rate on operations of 0.4% at December 31, 2013 varied from the statutory rate of 34%, primarily due to the permanent difference related to non-cash compensation, provision for loan losses, and the increase in our valuation allowance.
	Significant components of our deferred tax assets and liabilities as of December 31, 2013 and December 31, 2012 are as follows:
		December 31,			December 31,
		2013			2012 (as restated)
	Deferred tax assets:
	Net operating loss carry forwards	$	12,343,403		$	9,722,855
	Basis difference in goodwill		3,917,676			-
	Share based compensation		-			72,940
	Basis difference in intangible assets		648,940			104,464
	Allowance for bad debt (US)		480,515			-
	Valuation allowance for deferred tax assets		-17,371,908			-9,841,545
	Total deferred tax assets		18,626			58,714
	Deferred tax liabilities:
	Basis difference in fixed assets		-18,626			-13,180
	Basis difference in intangible assets		-			-45,534
	Total deferred tax liabilities		-18,626			-58,714
	Net deferred taxes	$	-		$	-
	Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts of assets and liabilities used for income tax purposes. At December 31, 2013 and December 31, 2012, we had cumulative federal net operating losses (“NOLs”) carry forwards of approximately $32.8 million and $25.0 million, respectively. We also have $20.9 million and $13.2 million in state NOLs and $10.1 million and $1.5 in foreign NOLs as of December 31, 2013 and 2012, respectively. The valuation allowance was increased by $7.5 million in fiscal year 2013. The fiscal 2013 increase was primarily related to additional operating loss incurred, and difference in tax and book basis of goodwill. We have considered all the evidence, both positive and negative, that the NOLs and other deferred tax assets may not be realized and have recorded a valuation allowance for $17.4 million. The federal NOLs begin to expire in December 2025 while the state NOLs begin to expire in 2025 and foreign NOLs begin to expire in 2023.
	The Company’s ability to utilize NOL carryforwards to reduce future federal taxable income and federal income tax of the Company is subject to various limitations under Internal Revenue Code (“IRC”) Section 382. The utilization of such carryforwards may be limited upon the occurrence of certain ownership changes, including the issuance or exercise of rights to acquire stock, the purchase or sale of stock by 5% stockholders, as defined in the Treasury regulations, and the offering of stock of Net Element, Inc. during any three-year period resulting in an aggregate change of more than 50% in the beneficial ownership of Net Element, Inc. The Company experienced ownership changes within the meaning of IRC Section 382 during the past three years which on an aggregate basis, exceeded 50%. The Company has NOL carryforwards will be limited in future years, due to IRC Section 382 limitations. The limitation does not result in a current federal tax liability for the year ended December 31, 2013.
	The Company reassesses its income tax positions and records tax benefits for all years subject to examination based upon its evaluation of the facts, circumstances and information available at the reporting date. For those tax positions where it is more-likely-than-not that a tax benefit will be sustained, the Company has recorded the largest amount of tax benefit with a greater than 50% likelihood of being realized upon ultimate settlement with a taxing authority that has full knowledge of all relevant information. For those income tax positions where it is not more-likely-than-not that a tax benefit will be sustained, no tax benefit has been recognized in the Company’s financial statements.
	The Company had no unrecognized tax benefits as of December 31, 2012. The Company had approximately $200,000 in gross increase in unrecognized tax positions for the year ended December 31, 2013, that if recognized, would affect the Company’s annual effective tax rate. The Company recognizes interest and penalties accrued related to unrecognized tax benefits as income tax expense as a component of the income tax (benefit) expense in the Company’s Consolidated Statements of Operations and the corresponding liability is included in accrued expenses in its Consolidated Balance Sheets. The amount of interest and penalties recognized by the Company in the years ended December 31, 2013 was minimal.

SEGMENT_INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2013
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
	NOTE 18. SEGMENT INFORMATION
	The Company previously owned several popular content monetization verticals (i.e., interests in online media businesses and operations) that were divested during the quarter ended September 30, 2013 (see Note 5 for additional information regarding this divestiture). As a result of this divestiture, the Company now has only one reportable business segment, consisting of mobile commerce and payment processing. Operations of the divested businesses are presented as discontinued operations in the accompanying consolidated statements of operations and comprehensive loss.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2013
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	NOTE 19. SUBSEQUENT EVENTS
	On February 11, 2014, Net Element, Inc. (the "Company") executed an Assignment of Membership Interest in favor of T1T Group, LLC ("T1T Group”). Pursuant to such assignment, the Company transferred to T1T Group all of the Company’s Interests in T1T LAB, LLC in consideration for the Company being released from all of its obligations to T1T LAB, LLC (including the obligations to make capital contributions to T1T LAB, LLC). The Company previously owned ten percent (10%) of the membership interest in T1T LAB, LLC. Upon such assignment, the Company has no further interests or obligations to T1T LAB, LLC. Oleg Firer, previously appointed as an “Executive” of T1T LAB, LLC, resigned his position with that entity effective February 11, 2014.
	On February 8, 2014, Dmitry Kozko, who was previously in charge of operations of certain entities that were recently divested by the Company, formally resigned as Director and Officer of the Company.
	On March 17, 2014, the Company was served with a lawsuit brought by OOO-RM Invest in the US District Court, Southern District of Florida. In its complaint, OOO-RM Invest claims that on or about July 11, 2012 it entered into an “oral agreement” with the Company allegedly agreeing: (a) to form a new entity, TOT Money International, LTD that would continue the operations of Plaintiff; (b) that the Company would provide TOT Money International, LTD financing in the amount of 600,000,000 Russian rubles; (c) that the Company would assume certain liabilities of Plaintiff; (d) that the Company would be responsible for all business operations of Plaintiff and TOT Money International, LTD; (e) that the Company would deliver the Digital SkyTechnologies ("DST'') account and stated key DST structures to TOT Money International, LTD; (f) that Plaintiff would receive a 30% ownership stake in TOT Money International, LTD and/or receive shares of stock in the Company; (g) that Tcahai Hairullaevich Katcaev would hold the position of General Director of TOT Money; (j) Plaintiff would provide TOT Money International, LTD with access to Plaintiff’s operating accounts; and (h) Plaintiff would transfer client accounts and contracts to TOT Money. Plaintiff claims that the Company breached its obligations pursuant to that alleged oral agreement, and is seeking, among other things, compensatory damages in excess of $50 million. The Company strongly denies the allegations referenced in the complaint and will vigorously defend its interests.
	On April 7, 2014 the Company paid off and satisfied its debts with RBL Capital corp., which consisted of two notes: One note with a remaining principal balance of $1,416,926 as March 31, 2014 and one note with a principal balance of $934,030 as of March 31, 2014.
	The note with the principal balance of $1,416,926 provided for the payoff of restructuring interest accrued in the amount of $92,239. The loan pay off also provided for pro rata interest in the amount of $16,020 and a prepayment premium in the amount of $42,508, which was also charge to interest expense. The total payoff for this note amounted to $1,567,693. The note required monthly payments of $77,560 in principal and interest at 15.636%, plus an additional 5% in restructuring interest, to be accrued from January, 2013 through March 2015 to total $106,856.
	A second note with the principal balance of $934,030 provided for the payoff of restructuring interest accrued in the amount of $90,615. The loan payoff also provided for pro rata interest in the amount of $9,505 and had no prepayment premium. The total payoff of this note amounted to $1,034,150. The note required monthly payments of $84,584 in principal and interest plus an additional 5% restructuring interest, to be accrued from January 2013 through March 2015 to total $116,533.
	The Company is currently negotiating an $11.2 million convertible note with Cayman Invest, SA. The draft terms of the agreement call for an interest rate of 0% and in the event of default a 12% rate, maturity date of March 31, 2015 and certain conversion features. The automatic conversion feature provides for 15% of fully diluted shares to be issued upon the Company raising $10 million in qualified financing from a third party. Cayman Invest, SA can also convert, at their sole discretion, under the same terms at any time. Although the terms and agreement have not been fully agreed to, Cayman Invest, SA has advanced $6,180,000 between January 1 and April 15, 2014 in anticipation of the signing of the convertible loan agreement.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Basis of Accounting, Policy [Policy Text Block]	'
	Organization and Basis of Presentation
	Net Element International, Inc. (the “Company”) was incorporated on April 20, 2010 as a Cayman Islands exempted company with limited liability under the name Cazador Acquisition Corporation Ltd. (“Cazador”). Cazador was a blank check company incorporated for the purpose of effecting a merger, share capital exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more operating businesses or assets. On December 15, 2013, the Company changed its name to Net Element, Inc.
	On October 2, 2012, the Company completed a merger (the “Merger”) with Net Element, Inc., a Delaware corporation (“Net Element”), which was a company with businesses in the online media and mobile commerce payment processing markets. Immediately prior to the effectiveness of the Merger, the Company (then known as Cazador Acquisition Corporation Ltd.) changed its jurisdiction of incorporation by discontinuing as an exempted company in the Cayman Islands and continuing and domesticating as a corporation incorporated under the laws of the State of Delaware. Effective upon consummation of the Merger, (i) Net Element was merged with and into the Company, resulting in Net Element ceasing to exist and the Company continuing as the surviving company in the Merger, and (ii) the Company changed its name to Net Element International, Inc. Pursuant to the Merger, the Company issued 24,543,826 shares of its common stock to the former stockholders of Net Element, which shares amount to approximately 86.7% of the post-Merger issued and outstanding shares of common stock of the Company. Following the Merger, the Company’s business consists of the former business of Net Element. For financial reporting purposes, the Merger was accounted for as a recapitalization of Net Element and the financial statements reflect the historical financial information of Net Element. The assets and liabilities of the Company were recognized and measured in accordance with ASC Topic 805, Business Combinations. Therefore, for accounting purposes, the shares recorded as issued in the Merger are the 3,793,355 shares owned by Cazador shareholders prior to Merger. See Note 4 for additional information regarding the Merger.
	The Company is a global technology-driven Internet group that focuses on mobile commerce and payment processing for electronic commerce. On September 25, 2013, the Company divested its entertainment and culture Internet destinations.
	The Company’s subsidiary TOT Group, Inc. (“TOT Group”) is a multinational, mobile payments and transaction processing holding company, which provides a range of flexible online and offline payment solutions. Clients include wireless carriers, content providers and merchants. TOT Group delivers comprehensive, end-to-end payment solutions to enable merchants to reliably accept cashless transactions at the point of sale (“POS”). From processing electronic payments at the POS to processing mobile commerce transactions to managing merchant terminals and providing information management services, TOT Group through its proprietary technology offers innovative solutions which allow its merchants to streamline their payments resources. Through TOT Group, the Company generates revenues from transaction fees, service fees, percentage of the dollar amount of each transaction and other fees associated with processing of cashless transactions at the points of sale. The Company serves merchants primarily in the retail, restaurant, supermarket, petroleum and hospitality sectors. In addition, TOT Group (through its subsidiary OOO TOT Money (“TOT Money”)) operates the Company’s provider of carrier-integrated mobile payments solutions. TOT Money’s relationships with mobile operators give the Company substantial geographic coverage, a strong capacity for innovation in mobile payments and messaging, and the ability to offer customers In-App, P-SMS and Online and Carrier Billing solutions.
	During the third quarter of 2012, the Company’s subsidiary, TOT Money, launched operations as a provider of carrier-integrated mobile payments solutions in Russia. Since then, TOT Money has continued seeking to expand its carrier-integrated mobile payments business primarily in the Commonwealth of Independent States (CIS) countries (comprised of participating states of the former Soviet Union) and other emerging markets. During the second half of 2012, TOT Money entered into contracts with the three largest mobile phone operators in Russia, Mobile TeleSystems OJSC, MegaFon OJSC and OJSC VimpelCom, to facilitate payments using SMS and MMS for their mobile phone subscribers in Russia.
	On April 16, 2013, certain subsidiaries of TOT Group acquired substantially all of the business assets of Unified Payments, LLC, a Delaware limited liability company (“Unified Payments”). Unified Payments provides comprehensive turnkey, payment-processing solutions to small and medium size business owners (merchants) and independent sales organizations across the United States. See Note 4 for additional information regarding this acquisition.
	On June 24, 2013, TOT Group, through its newly formed subsidiary Aptito, LLC (“Aptito”) acquired substantially all of the business assets of Aptito.com, Inc, a New York corporation. Aptito is a new generation of smart, customer engaged, patent-pending payment platforms, mobile Point of Sale (“mPOS”), mobile commerce application and self-ordering Apple® iPad®-based kiosk. Through its disruptive, cloud-based payments platform Aptito offers merchants an innovative, socially driven, all-in-one digital software solution that offers a complete package of features for the food-service industry. Aptito’s Restaurant mPOS solution provides restaurants with tools to increase sales, productivity, and customer loyalty. Aptito’s suite of fully linked tools enables inventory management, complete payroll, staff scheduling, patron reservations and digital menus. More capable and less costly than traditional restaurant POS systems, Aptito’s system does not have the steep learning curve associated with typical POS products.
	The Company previously owned several popular content monetization verticals (i.e., interests in online media businesses and operations) that were divested during the quarter ended September 30, 2013 (see Note 5 for additional information regarding this divestiture).   As a result of this divestiture, the Company has one reportable business segment consisting of payment processing and mobile payment solutions.   Operations of the divested businesses are presented as discontinued operations in the accompanying consolidated statements of operations and comprehensive loss.
Use of Estimates, Policy [Policy Text Block]	'
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the balance sheet date and the reported amounts of expenses for the period presented. Actual results could differ from those estimates.
	Significant estimates include (i) the valuation of acquired merchant portfolios (ii) the recoverability of long-lived assets, (iii) the remaining useful lives of long-lived assets, and (iv) the sufficiency of merchant, legal, and other reserves. On an ongoing basis, the Company evaluates the sufficiency and accuracy of its estimates. Actual results could differ from those estimates.
Cash and Cash Equivalents, Policy [Policy Text Block]	'
	Cash and Cash Equivalents
	The Company maintains its U.S. dollar-denominated cash in several non-interest bearing bank deposit accounts. All U.S. non-interest bearing transaction accounts are fully insured, regardless of the balance in the account, at all FDIC insured institutions. The bank balances did not exceed FDIC limits at December 31, 2013 and 2012.
	The Company maintains $47,519 in un-insured Russian, Ukraine and Cayman Islands bank accounts as of December 31, 2013.
Other Current Assets [Policy Text Block]	'
	Other Current Assets
	The Company maintains an inventory of terminals, which it uses to service both merchants and independent sales agents. If the terminals are sold for a fee, the Company expenses the cost of these terminals, plus any set up fees at the time of the sale. Many times, the Company will give away the terminals as an incentive to stay with the company for an average of three year period. In this case the cost of the terminal plus any set up fees will be amortized over three years, which is the average length of a merchant contract. If the merchants leave before the end of their contract, they are obligated to either return the terminal or pay for the terminal. The Company has $446,658 in terminals and IPADS and related equipment acquired, of which $170,378 has been placed with merchants. Amortization of these terminals amounted to $13,093 for the year ended December 31, 2013.
Property, Plant and Equipment, Policy [Policy Text Block]	'
	Fixed Assets
	The Company depreciates its furniture, servers, software and equipment over a term of three to ten years. Computers and software are depreciated over terms between two and five years. Leasehold improvements are depreciated over the shorter of the economic life or term of each lease. All of our assets are depreciated on a straight-line basis for financial statement purposes.
	Expenditures for repairs and maintenance are charged to operating expense as incurred. Expenditures that increase the value or productive capacity of assets are capitalized. At the time of retirements, sales, or other dispositions of property and equipment, the original cost and related accumulated depreciation are removed from the respective accounts, and the gains or losses are presented as other expenses.
Goodwill and Intangible Assets, Policy [Policy Text Block]	'
	Intangible Assets
	Included in the Company’s intangible assets are merchant portfolios, which represent the net book value of an acquired merchant customer base, and are amortized on a straight-line basis over their respective useful lives, generally three to five years. Merchant portfolios are assessed for impairment if events or circumstances indicate that their respective carrying values are not recoverable from the future anticipated undiscounted net cash flows attributable to such assets. In such cases, the amount of any potential impairment would be measured as the excess, if any, of carrying value over the fair value of such assets. On July 30, 2013, TOT Payments, LLC, brought an action against First Data Corporation (“FDR”). In its complaint, TOT Payments claims that the defendant breached its obligations pursuant to a 2006 Marketing Agreement. Because the FDR case was dismissed, management has decided that the possibility of recovering fees was remote and therefore wrote off the remaining net asset value of the FDR Portfolio, for an impairment charge of $872,354 during the year ended December 31, 2013.
	The Company also capitalizes direct expenses associated with filing of patents and patent applications and amortizes the capitalized intellectual property costs over five years beginning when the patent is approved.
	Additionally, the Company capitalizes the fair value of intangible assets acquired in business combinations. The Company performs valuations of assets acquired and liabilities assumed on each acquisition accounted for as a business combination and allocates the purchase price of each acquired business to its respective net tangible and intangible assets. Acquired intangible assets include: merchant portfolios, trade names, non-compete agreements, customer relationships and technology.
Commissions, Policy [Policy Text Block]	'
	Accrued Residual Commissions
	The Company pays commissions to independent sales organization (“ISO’s”) and independent sales agents or to the Company’s direct sales force based on the processing volume of the merchants enrolled. The commission payments are based on varying percentages of the volume processed by the Company on behalf of the merchants. Percentages vary based on the program type and transaction volume of each merchant. The Company reports commission payments as a cost of revenues in the accompanying consolidated statement of operations and comprehensive loss. As of December 31, 2013 the residual commission payable to ISO’s and independent sales agents was $451,374 and $0 at December 31, 2012. The company pays commission on annual fees it defers over twelve months. The Company pays its agents these commissions, which are included in the $451,374 in advance of recognizing the revenue. Therefore the Company deferred $115,700 of commissions on annual fees, which are included in prepaid expenses in the accompanying consolidated balance sheet and will recognize the deferred fees over the next twelve months. Commission payables are included in accounts payable in the accompanying consolidated balance sheets.
Capitalized Customer Acquisition Costs [Policy Text Block]	'
	Capitalized Customer Acquisition Costs, Net
	Capitalized customer acquisition costs consist of up-front cash payments made to certain ISO’s for the establishment of new merchant relationships. Capitalized customer acquisition costs represent incremental, direct customer acquisition costs that are recoverable through gross margins associated with merchant contracts. The up-front payment to the ISO is based on the estimated gross margin for the first year of the merchant contract. The deferred customer acquisition cost asset is recorded at the time of payment and the capitalized acquisition costs are primarily amortized on a straight-line basis over a period of three years.
	Management evaluates the capitalized customer acquisition cost for impairment at each balance sheet date by comparing, on a pooled basis by vintage month of origination, the expected future net undiscounted cash flows from underlying merchant relationships to the carrying amount of capitalized customer acquisition costs. If the estimated future net cash flows are lower than the recorded carrying amount, indicating an impairment of the carrying value of the capitalized customer acquisition costs, the impairment loss is charged to operations.
	During the year ended December 31, 2013, the Company recorded $466,280 in additional capitalized customer acquisition costs and $85,769 in related additional amortization. The balance of customer acquisition costs is $380,511 at December 31, 2013 and reflected in intangible assets in the accompanying consolidated balance sheets.
Processing Liabilities And Iso Deposits [Policy Text Block]	'
	Processing Liabilities and ISO Deposits
	The majority of the Company’s processing liabilities include potential losses associated with bankcard and check processing. In addition, the Company maintains deposits from ISO’s to offset potential liabilities from merchant chargeback processing. Disputes between a cardholder and a merchant periodically arise due to the cardholder’s dissatisfaction with merchandise quality or merchant’s services, and the disputes may not always be resolved in the merchant’s favor. In some of the cases the transaction is “charged back” to the merchant and the purchase price is refunded to the cardholder by the credit card-issuing institution. If the merchant is unable to fund the refund, the Company is liable for the full amount of the transaction. The Company’s obligation to stand ready to perform is minimal because the Company maintains a deposit from certain ISO’s as an offset to potential contingent liabilities that are the responsibility of such merchants. The Company evaluates its ultimate risk and records an estimate of potential loss for chargebacks related to merchant fraud based upon an assessment of actual historical fraud loss rates compared to recent bankcard processing volume levels.
	The amount recorded as of December 31, 2013 for the processing liability was $107,669 and is included in long-term debt in the accompanying consolidated balance sheets. There was no processing liability at December 31, 2012.
Fair Value Measurement, Policy [Policy Text Block]	'
	Fair Value Measurements
	The Company’s financial instruments consist primarily of cash and cash equivalents, accounts receivables, merchant portfolios, notes receivable, trade payables and debt instruments. The carrying values of cash and cash equivalents, accounts receivable and trade payables are considered to be representative of their respective fair values due to the short-term nature of these instruments. The carrying amount of the long-term debt of $21 million as of December 31, 2013 approximates fair value because the Company’s current borrowing rate does not materially differ from market rates for similar bank borrowings. The long-term debt is classified as a Level 2 item within the fair value hierarchy.
	The Company measures certain nonfinancial assets and liabilities at fair value on a nonrecurring basis. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. The Company uses a three-level fair value hierarchy to prioritize the inputs used to measure fair value and maximizes the use of observable inputs and minimizes the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows:
	Level 1 — Quoted market prices in active markets for identical assets or liabilities as of the reporting date
	Level 2 — Observable market based inputs or unobservable inputs that are corroborated by market data
	Level 3 — Unobservable inputs that are not corroborated by market data
	These non-financial assets and liabilities include intangible assets and liabilities acquired in a business combination as well as impairment calculations, when necessary. The fair value of the assets acquired and liabilities assumed in connection with the Unified Payments acquisition, as discussed in Note 4, were measured at fair value by the Company at the acquisition date. The fair values of the Company’s merchant portfolios are primarily based on Level 3 inputs and are generally estimated based upon independent appraisals that include discounted cash flow analyses based on the Company’s most recent cash flow projections, and, for years beyond the projection period, estimates based on assumed growth rates. Assumptions are also made regarding appropriate discount rates, perpetual growth rates, and capital expenditures, among others. In certain circumstances, the discounted cash flow analyses are corroborated by a market-based approach that utilizes comparable company public trading values, and, where available, values observed in private market transactions. The inputs used by management for the fair value measurements include significant unobservable inputs, and therefore, the fair value measurements employed are classified as Level 3. The goodwill impairment (see Note 4) was primarily based on observable inputs using company specific information and is classified as Level 3.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	'
	Concentrations
	The Company’s total revenue was $18,749,470 for the year ended December 31, 2013. Of this, $14,798,488 was derived from processing of Visa®, MasterCard®, Discover® and American Express® card transactions and $3,948,087 was derived from processing of mobile electronic payments.
	The credit card processing revenues were derived from merchant customer transactions, which are processed primarily by three “third-party” processors. For the year ended December 31, 2013, the Company processed 25% of its total revenue with Cynergy Data, 32% with National Processing Company (NPC) and 19% with First Data.
	The mobile electronic payment revenues were derived from merchant customer transactions, which are processed primarily by two mobile operators. For the year ended December 31, 2013, the Company processed 9% of its total revenue with Beeline (OJSC Vimpelcom), and 8% with MTS (Mobile TeleSystems OJSC).
Foreign Currency Transactions and Translations Policy [Policy Text Block]	'
	Foreign Currency Transactions
	The Company is subject to exchange rate risk in its foreign operations in Ukraine, the functional currency of which is Ukraine Hryvnia, and Russia, the functional currency of which is Russian Ruble, where the Company generates service fee revenues and interest income and incurs product development, engineering, website development, and general and administrative costs and expenses. The Ukrainian and Russian engineering operations pay a majority of their operating expenses in their local currencies, exposing the Company to exchange rate risk. Ukrainian salaries and consulting fees are negotiated and paid in U.S. dollars.
	The Company does not engage in any currency hedging activities.
Revenue Recognition, Policy [Policy Text Block]	'
	Revenue Recognition
	The Company recognizes revenue when the following four basic criteria have been met: (1) persuasive evidence of a sales arrangement exists; (2) performance of services has occurred, (3) the sales price is fixed or determinable, and (4) collectability is reasonably assured. The Company considers persuasive evidence of a sales arrangement to be the receipt of a billable transaction from aggregators, signed contract or website advertising insertion order. Collectability is assessed based on a number of factors, including transaction history with the customer and the credit worthiness of the customer. If it is determined that the collection is not reasonably assured, revenue is not recognized until collection becomes reasonably assured, which is generally upon receipt of cash. The Company records cash received in advance of revenue recognition as deferred revenue.
	Our revenues for the year ended December 31, 2013 and 2012 are principally derived from the following sources:
	Service Fees.  Service fees in the current year are generated primarily from TOT Payments, LLC, TOT Money’s payment processing and service fees from prior year are primarily from A&R Music Live, LLC where emerging artists pay industry professionals to review, critique and suggest improvements of music submitted on-line for evaluation. A&R Music Live, LLC operations were discontinued on January 31, 2013.
	The Company has multiple element arrangements that include bundled transactions with merchants encompassing annual PCI (payment card industry) fees, annual membership fees, and monthly processing fees.
	The Company adopted accounting standard update No 2009-13, “Multiple–Deliverable Revenue Arrangements” (ASU 2009-13). ASU 2009-13 requires the use of the relative selling price method of allocating total consideration to units of accounting in a multiple element arrangement and eliminates the residual method. This accounting principle requires an entity to allocate revenue in an arrangement using estimated selling price deliverables if it does not have vendor specific objective evidence (VSOE) or third party evidence (TPE) of selling price.
	VSOE is the price charged when the same or similar product or service is sold separately. The Company defines VSOE as a median price of recent stand-alone transactions that are priced within a narrow range. TPE is determined based on the prices charged by our competitors for a similar deliverable when sold separately.
	The Company evaluates each deliverable in its arrangements to determine whether it represents a separate unit of accounting. A deliverable constitutes a separate unit of accounting when it has stand-alone value to our customers. The Company’s products (i.e., terminals) and services qualify as separate units of accounting under ASU 2009-13.
	The Company’s payment processing division derives revenues primarily from the electronic processing of services including credit, debit and electronic benefits transfer card processing authorized and captured through third party networks, check conversion and guarantee, electronic gift certificate processing, and equipment leasing and sales. These revenues are recorded as bankcard and other processing transactions when processed.
	Typically, fees charged to merchants for these processing services are based on a variable percentage of the dollar amount of each transaction and in some instances, additional fees are charged for each transaction. Merchant customers may also be charged miscellaneous fees, including statement fees, annual fees, monthly minimum fees, fees for handling chargebacks, gateway fees, and fees for other miscellaneous services.
	The fair value for annual fees is based on the annual contract renewal price and is deemed to represent stand-alone selling price based upon VSOE. The fair value for processing is based on prices charged by our competitors for similar deliverables when sold separately and is deemed to represent stand-alone selling price based upon TPE.
	Deferred revenue represents primarily amounts received in advance for annual fee billings and are recognized on a pro rata basis over the service period.
	Generally, the Company (i) is the primary obligor in its arrangements with its merchant customers, (ii) has latitude in establishing the price of its services, (iii) has the ability to change the product and perform parts of the services, (iv) has discretion in supplier selection, (v) has latitude in determining the product and service specifications to meet the needs of its merchant customers, and (vi) assumes credit risk. In such cases, the Company reports revenues as gross of fees deducted by its sponsoring member banks, as well as fees deducted from card-issuing member banks and card associations (Visa/MasterCard) on behalf of its sponsoring member banks for interchange and assessments. These fees charged by the card associations to process the credit card transactions are recorded separately as cost of sales and interchange fees in the accompanying consolidated statement of operations.
	Revenues from TOT Money are recognized as a percentage of amounts billed to mobile operators. Revenue is recognized when TOT Money’s billing system is able to create a billable transaction for a mobile operator. Billable transactions are created and submitted to TOT Money by content aggregators.
	Each month, mobile operators provide TOT Money with detail supporting the transactions received by the mobile operator. TOT Money reconciles the data provided by the mobile operator to its internal billing system. Pursuant to the mobile operator agreements, any total billing difference under 5% is considered immaterial and TOT Money accepts the mobile operator data as accurate. Any differences from content providers that exceed 5% of the amount billed are researched, reconciled and addressed with the mobile operator.
	Funds received by TOT Money from mobile operators include amounts due to aggregators for supplying billable transactions from content providers. Revenues are presented net of aggregator payments on the financial statements of TOT Money as the payments are considered to be agency fees. TOT Money serves as agent to the mobile operators performing a service for a fee.
	Cost of services for TOT Money is comprised primarily of fees for short numbers provided by the mobile operators that are used to provide traffic from content providers.
	Cost of services for TOT Payments is comprised primarily of processing fees paid to third parties attributable to providing transaction processing and other services to the Company’s merchant customers. Interchange fees and cost of services are recognized as incurred, which generally occurs in the same period in which the corresponding revenue is recognized. Interchange fees are set by the card networks, and are paid to the card-issuing bank. Interchange fees are calculated as a percentage of the dollar volume processed plus a per transaction fee. The Company also pays Visa® and Mastercard® network dues.
Earnings Per Share, Policy [Policy Text Block]	'
	Net Loss per Share
	Basic net loss per common share is computed by dividing net loss applicable to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net loss per common share is determined using the weighted-average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents, consisting of shares issuable upon exercise of common stock options or warrants. In periods when losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion would have an anti-dilutive effect. At December 31, 2013 and 2012, the Company had 8,938,900 warrants issued and outstanding that are anti-dilutive in effect.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	'
	Impairment of Long-Lived Assets
	The Company reviews its long-lived assets for impairment whenever events or changes indicate that the carrying amount of an asset or group of assets may not be recoverable. As described in Note 4, during the year ended December 31, 2013, the Company recognized charges for impairment of goodwill and intangible assets amounting to approximately $11,200,000 and $872,000 respectively. During the year ended December 31, 2012, the Company recognized an impairment loss of goodwill and intangible assets amounting to $680,499 which is reflected in the loss from operations of discontinued entities in the accompanying consolidated statements of operations and comprehensive loss.
Income Tax, Policy [Policy Text Block]	'
	Income Taxes
	We account for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined on the basis of the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date.
	We recognize net deferred tax assets to the extent that we believe these assets are more likely than not to be realized. In making such a determination, we consider all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. If we determine that we would be able to realize our deferred tax assets in the future in excess of their net recorded amount, we would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes.
	The Company accounts for uncertainty in income taxes using a two-step approach to recognizing and measuring uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the weight of available evidence indicates that it is more likely than not that the position will be sustained on audit, including resolution of related appeals or litigation processes, if any. The second step is to measure the tax benefit as the largest amount that is more than 50% likely of being realized upon settlement. The Company classifies the liability for unrecognized tax benefits as current to the extent that the Company anticipates payment (or receipt) of cash within one year. Interest and penalties related to uncertain tax positions are recognized and recorded as necessary in the provision for income taxes. The Company's evaluation of uncertain tax positions was performed for the tax years ended December 31, 2008 and forward, the tax years which remain subject to examination as of December 31, 2013. Please see Note 17 for discussion of the Company’s uncertain tax positions.
New Accounting Pronouncements, Policy [Policy Text Block]	'
	Recently Issued and Adopted Accounting Guidance
	Recently Issued Accounting Guidance
	In July 2013, the FASB issued ASU 2013-11,  Income Taxes (Topic 740) Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. This update provides that an entity that has unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date should present the unrecognized tax benefit, or a portion of an unrecognized tax benefit, in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. This update is effective for reporting periods beginning after December 15, 2013. The Company does not believe the adoption of this guidance will have a material impact on the Company’s unaudited condensed consolidated financial statements.
	Recently Adopted Accounting Guidance
	In July 2012, the FASB issued ASU 2012-02,  Intangibles-Goodwill and Other (Topic 350)  which amended then existing guidance by giving an entity the option not to calculate annually the fair value of an indefinite-lived intangible asset if the entity determines that it is not more likely than not that the asset is impaired. Previous guidance required an entity to test indefinite-lived intangible assets for impairment, on at least an annual basis, by comparing the fair value of the asset with its carrying amount. If the carrying amount of the intangible asset exceeds its fair value, an entity should recognize an impairment loss in the amount of that excess. This update is effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. The Company adopted this guidance on January 1, 2013. The adoption of this guidance did not have a material impact on the Company’s unaudited condensed consolidated financial statements.
	In March 2013, the FASB issued ASU 2013-05,  Foreign Currency Matters (Topic 830): Parent's Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity (a consensus of the FASB Emerging Issues Task Force)  (“ASU 2013-05”). The objective of ASU 2013-05 is to resolve diversity in practice regarding the release of the cumulative translation adjustment into net income when a parent either sells a part or all of its investment in a foreign entity or no longer holds a controlling financial interest in a subsidiary or group of assets that is a nonprofit activity or a business within a foreign entity. ASU 2013-05 is effective prospectively for fiscal years, and interim reporting periods within those years, beginning after December 15, 2013. The Company is currently evaluating the potential impact of this ASU on its condensed unaudited consolidated financial statements.

MERGER_AND_ACQUISITIONS_TRANSA1

MERGER AND ACQUISITIONS TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2013
Business Combinations [Abstract]	'
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	'
	The following table summarizes the estimated fair value of consideration paid and the allocation of purchase price as of the date of acquisition (in millions).  The allocation of purchase price to the fair value of tangible and intangible assets and liabilities, including the estimated useful lives of acquired assets, is provisional and remains preliminary as management continues to assess the valuation of these items and any ultimate purchase price adjustments based on the final assets and net working capital, as prescribed by the purchase agreement.
		April 16th,
		2013
		(in Millions)
	Purchase Consideration:
	Assumption of Debt	$	20.6
	Issuance of TOT Group Stock (10%)		0.6
	Total Consideration Transferred	$	21.2
	Purchase Price Allocation to Identifiable assets acquired and liabilities assumed
	Current Assets	$	0.9
	Merchant Portfolios		4.4
	Other Intangible Assets		1
	Current Liabilities		-2.1
	Total Identifiable Net Assets		4.2
	Goodwill		17
	Total Purchase Price Allocation	$	21.2
Business Acquisition, Pro Forma Information [Table Text Block]	'
		December 31,2013		December 31,2012
	NET Revenues	$	25,378,495	$	58,124,459
	Net Loss from continuing operations	$	-41,948,056	$	-12,083,909

DISCONTINUED_OPERATIONS_Tables

DISCONTINUED OPERATIONS (Tables)	12 Months Ended
	Dec. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]	'
Schedule Of Disposal Groups Including Discontinued Operations Income Statement [Table Text Block]	'
	Summarized results of the Company’s discontinued operations are as follows:
		Year ended December 31,
		2013		2012
	Revenues	$	14,484	$	27,630
	Loss Before Income taxes		-1,339,646		-3,335,780
	Income Tax Benefit		-		35,955
	Net Loss from Discontinued Operations	$	-1,339,646	$	-3,299,825
Schedule Of Disposal Groups Including Discontinued Operations Balance Sheet [Table Text Block]	'
	As of December 31, 2013, there were no assets or liabilities of discontinued operations because the entities were divested on September 25, 2013. As of December 31, 2012, the aggregate components of assets and liabilities classified as discontinued operations and included in current assets and current liabilities consisted of the following:
		December 31
		2012
	Cash	$	32,950
	Other Current Assets		29,056
	Net Fixed Assets		29,258
	Due from related parties		-
	Intangible assets		101,196
	Total Assets	$	192,460
	Accounts Payable and Accrued Expenses		87,419
	Due to related parties		135,693
	Total Liabilities	$	223,112
	Net assets (deficit) of discontinued operations	$	-30,652

NOTES_RECEIVABLE_Tables

NOTES RECEIVABLE (Tables)	12 Months Ended
	Dec. 31, 2013
Receivables [Abstract]	'
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	'
	As of December 31, 2013 and 2012 the Company had net notes receivable of $0 and $6,088,934, respectively, as follows:
		December 31,		December 31, 2012 (as
		2013		restated)
	RM Invest	$	-	$	5,188,934
	Note receivable from former general director		1,834,302		-
	Infratont Equities, Inc.		-		1,791,475
	Less: Allowance for uncollectible note receivable		-1,834,302		-891,475
	Total note receivable, net	$	-	$	6,088,934

FIXED_ASSETS_Tables

FIXED ASSETS (Tables)	12 Months Ended
	Dec. 31, 2013
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment [Table Text Block]	'
	Fixed assets are stated at cost less accumulated depreciation and amortization as follows:
		Useful life	December 31,		December 31,
		(in years)	2013		2012 (as
					restated)
	Furniture and equipment	10-Mar	$	236,432	$	325,522
	Computers	5-Feb		254,280		283,513
	Leasehold improvements*			-		19,956
	Total			490,712		628,991
	Less: Accumulated depreciation			-353,445		-367,232
	Total fixed assets, net		$	137,267	$	261,759
	* Leasehold improvements are amortized over the shorter of the economic usefull life or the lease term.

INTANGIBLE_ASSETS_Tables

INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]	'
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	'
	The following table reflects the Company’s merchant portfolio at their cost and net carrying value as of December 31, 2013:
				Remaining
		Fair		Useful Life in		Accumulated
		Market Value		Months		Amortization			Net
	TOT BPS, LLC	$	1,852,851	15		$	852,247		$	1,000,604
	TOT HPS, LLC		102,050	15			46,939			55,111
	TOT FBS, LLC		968,010	22			325,304			642,706
		$	2,922,911			$	1,224,490		$	1,698,421
Schedule of Finite-Lived Intangible Assets [Table Text Block]	'
	Shown below are the details of intangible assets as of December 31, 2013 and 2012:
		Domain		IP Sofware			Portfolios			Client Acquisition		Covenant Not to		Capitalized		Website		Other		Total
		Name								Costs		Compete		Patent Cost		Capitalization
																Cost
	Balance at January 1, 2012	$	6,787	$	-									$	34,801	$	75,875	$	2,500	$	119,963
	Additions		66,964		-			-			-				7,150		53,769		-		127,883
	Amortization		-		-			-			-				-4,032		-129,644		-2,500		-136,176
	Balance at December 31, 2012	$	73,751	$	-		$	-		$	-	$	-	$	37,919	$	-	$	-	$	111,670
	Additions		-		258,748			4,370,000			466,280		840,000		-		-		-		5,935,028
	Amortization		-		-14,923			-1,799,225			-85,769		-198,333		-2,017		-		-		-2,100,267
	Impairment		-		-			-872,354			-		-		-		-		-		-872,354
	Divested		-73,751		-			-			-		-		-35,902		-		-		-109,653
	Balance at December 31, 2013	$	-	$	243,825		$	1,698,421		$	380,511	$	641,667	$	-	$	-	$	-	$	2,964,424
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	'
	The following table presents the estimated aggregate amortization expense of other intangible assets for the next five years ending December 31, 2014 - 2017.
	2014	$	1,985,630
	2015		643,332
	2016		166,247
	2017		56,405
	Thereafter		112,810
	Total	$	2,964,424

ACCRUED_EXPENSES_Tables

ACCRUED EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2013
Payables and Accruals [Abstract]	'
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	'
	The following table details the items comprising the balances outstanding as of December 31, 2013 and December 31, 2012.
			December 31,		December 31,
					2012 (as
			2013		restated)
	Accrued professional fees	$	711,340	$	470,382
	Residual advances		240,000		-
	Accrued income and VAT taxes		350,743		-
	Promotional expense		261,311		221,311
	Accrued interest		196,396		39,421
	Accrued bonus		1,265,597		-
	Accrued payroll		282,804		36,816
	Other accrued expenses		176,772		142,092
		$	3,484,963	$	910,022

LONG_TERM_DEBT_Tables

LONG TERM DEBT (Tables)	12 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Schedule of Long-term Debt Instruments [Table Text Block]	'
	The components of the Company’s outstanding long-term debt as of December 31, 2013 are as follows:
	MBF Merchant Capital LLC	$	5,000,584
	RBL Capital Group, LLC		2,565,306
	Capital Sources		2,300,000
	Georgia Notes, LLC		11,098,066
	Other		107,668
	Subtotal	$	21,071,624
	Less: Current Portion		-3,816,093
	Long Term Debt	$	17,255,531
Schedule of Maturities of Long-term Debt [Table Text Block]	'
	Scheduled principal repayments on all debt, including Georgia Notes, LLC as of December 31, 2013 are as follows:
	2014	$	3,816,093
	2015		2,411,407
	2016		3,746,058
	2017		13,268,000
	Subtotal	$	23,241,558
	Less: Unamortized debt discount		-2,169,934
	Balance as of December 31, 2013	$	21,071,624

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	'
	The components of loss from continuing operations before income tax provision are as follows:
		December 31,			December 31,
		2013			2012 (as restated)
	United States	$	-38,963,263		$	-12,148,458
	Foreign		-8,922,473			-919,325
		$	-47,885,736		$	-13,067,783
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	'
	The following is a reconciliation of the effective income tax rate with the U.S. federal statutory income tax rate at December 31, 2013 and December 31, 2012:
		December 31,				December 31,
		2013				2012 (as restated)
	U. S. Federal statutory income tax rate		34	%			34	%
	State income tax, net of federal tax benefit		1.7	%			1.9	%
	Compensation related permanent differences		-11.8	%			-16.2	%
	Difference in foreign tax rates		-0.9	%			-1.6	%
	Nondeductible provision for loan losses		-4.5	%			-
	Change in uncertain tax liabilities		-0.4	%			-	%
	Increase in valuation allowance		-18.5	%			-19.3	%
	Effective income tax rate		-0.4	%			-1.2	%
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	'
	Significant components of our deferred tax assets and liabilities as of December 31, 2013 and December 31, 2012 are as follows:
		December 31,			December 31,
		2013			2012 (as restated)
	Deferred tax assets:
	Net operating loss carry forwards	$	12,343,403		$	9,722,855
	Basis difference in goodwill		3,917,676			-
	Share based compensation		-			72,940
	Basis difference in intangible assets		648,940			104,464
	Allowance for bad debt (US)		480,515			-
	Valuation allowance for deferred tax assets		-17,371,908			-9,841,545
	Total deferred tax assets		18,626			58,714
	Deferred tax liabilities:
	Basis difference in fixed assets		-18,626			-13,180
	Basis difference in intangible assets		-			-45,534
	Total deferred tax liabilities		-18,626			-58,714
	Net deferred taxes	$	-		$	-

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) (USD $)

12 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Oct. 02, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Processing Liability [Member]

Card Transactions [Member]

Card Transactions [Member]

Card Transactions [Member]

Card Transactions [Member]

Mobile Electronics Payments [Member]

Mobile Electronics Payments [Member]

Mobile Electronics Payments [Member]

Capitalized Patent Cost [Member]

Customer Acquiaition Cost [Member]

Net Element Inc [Member]

Maximum [Member]

Maximum [Member]

Minimum [Member]

Minimum [Member]

Cynergy Data [Member]

National Processing Company [Member]

First Data [Member]

Beeline Member [Member]

MTS [Member]

Start-Up Projects [Member]

Start-Up Projects [Member]

Significant accounting policies [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Shares issued in merger

'

'

'

'

'

'

'

'

'

'

'

'

'

24,543,826

'

'

'

'

Additional interest purchased

'

'

'

'

'

'

'

'

'

'

'

'

'

86.70%

'

'

'

'

Shares acquired pursuant to Cazador merger, shares

'

'

'

'

'

'

'

'

'

'

'

'

'

3,793,355

'

'

'

'

Foreign bank balances that are not FDIC insured

$47,519

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Intangible Assets, Useful life

'24 months

'

'

'

'

'

'

'

'

'

'

'5 years

'

'

'10 years

'5 years

'3 years

'2 years

Terminals Acquired Amount, Net

446,658

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Terminals Acquired Amount, Net Held With Merchants

170,378

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Terminals Amortization Amount Net

13,093

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Accrued Sales Commission, Current

451,374

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Impairment of Intangible Assets, Finite-lived

872,354

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Deferred Sales Commission

115,700

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Finite-lived Intangible Assets Acquired

5,935,028

127,883

'

'

'

'

'

'

'

'

'

'

466,280

'

'

'

'

'

Amortization of Intangible Assets

2,100,267

136,176

'

'

'

'

'

'

'

'

'

'

85,769

'

'

'

'

'

Finite-Lived Intangible Assets, Net, Beginning Balance

2,964,424

111,670

119,963

'

'

'

'

'

'

'

'

'

380,511

'

'

'

'

'

Accrued Liabilities, Current

3,484,963

910,022

'

107,669

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Revenue, Net

18,749,470

1,384,852

'

'

14,798,488

'

'

'

3,948,087

'

'

'

'

'

'

'

'

'

Concentration Risk, Percentage

'

'

'

'

'

25.00%

32.00%

19.00%

'

9.00%

8.00%

'

'

'

'

'

'

'

Warrants issued and outstanding that are anti-dilutive in effect

8,938,900

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Goodwill, Impairment Loss

11,200,000

0

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Long-term Debt, Total

$21,071,624

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

BASIS_OF_PRESENTATION_AND_PRIN1

BASIS OF PRESENTATION AND PRINCIPLES OF CONSOLIDATION (Details Textual) (USD $)	Dec. 31, 2013
T1T Lab [Member]	'
Organization, Consolidation and Presentation of Financial Statements [Line Items]	'
Noncontrolling Interest, Ownership Percentage by Parent	10.00%
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities, Total	$2,162,158
K 1 Holding Limited [Member]	'
Organization, Consolidation and Presentation of Financial Statements [Line Items]	'
Other Notes Payable, Current	$2,000,000
TOT Group [Member]	'
Organization, Consolidation and Presentation of Financial Statements [Line Items]	'
Noncontrolling Interest, Ownership Percentage by Parent	100.00%
Florida Aptito LLC [Member]	'
Organization, Consolidation and Presentation of Financial Statements [Line Items]	'
Noncontrolling Interest, Ownership Percentage by Parent	80.00%
TOT Money [Member] | Net Element Russia [Member]	'
Organization, Consolidation and Presentation of Financial Statements [Line Items]	'
Noncontrolling Interest, Ownership Percentage by Parent	30.00%
OOO TOT Money [Member] | Net Element Russia [Member]	'
Organization, Consolidation and Presentation of Financial Statements [Line Items]	'
Noncontrolling Interest, Ownership Percentage by Parent	30.00%
TOT Group Ukraine LLC [Member]	'
Organization, Consolidation and Presentation of Financial Statements [Line Items]	'
Noncontrolling Interest, Ownership Percentage by Parent	51.00%
TOT Group Kazakhstan, LLC [Member]	'
Organization, Consolidation and Presentation of Financial Statements [Line Items]	'
Noncontrolling Interest, Ownership Percentage by Parent	51.00%

GOING_CONCERN_CONSIDERATIONS_D

GOING CONCERN CONSIDERATIONS (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Going Concern Considerations [Line Items]	'	'
Net cash used in operating activities	$10,800,000	'
Accumulated deficit	-118,930,828	-70,621,481
Working capital	$8,000,000	'

MERGER_AND_ACQUISITIONS_TRANSA2

MERGER AND ACQUISITIONS TRANSACTIONS (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
			Unified Payments, LLc [Member]
Purchase Consideration:	'	'	'
Assumption of Debt	'	'	$20,600,000
Issuance of TOT Group Stock (10%)	'	'	600,000
Total Consideration Transferred	'	'	21,200,000
Purchase Price Allocation to Identifiable assets acquired and liabilities assumed	'	'	'
Current Assets	'	'	900,000
Merchant Portfolios	'	'	4,400,000
Other Intangible Assets	'	'	1,000,000
Current Liabilities	'	'	-2,100,000
Total Identifiable Net Assets	'	'	4,200,000
Goodwill	6,671,750	0	17,000,000
Total Purchase Price Allocation	'	'	$21,200,000

MERGER_AND_ACQUISITIONS_TRANSA3

MERGER AND ACQUISITIONS TRANSACTIONS (Details 1) (Global Motorsports Media And Andrew John Maitland [Member], USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Global Motorsports Media And Andrew John Maitland [Member]	'	'
Business Acquisition [Line Items]	'	'
NET Revenues	$25,378,495	$58,124,459
Net Loss from continuing operations	($41,948,056)	($12,083,909)

MERGER_AND_ACQUISITIONS_TRANSA4

MERGER AND ACQUISITIONS TRANSACTIONS (Details Textual) (USD $)

0 Months Ended

12 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

Oct. 02, 2012

Dec. 31, 2013

Dec. 31, 2012

Apr. 16, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Apr. 16, 2013

Jun. 30, 2013

Dec. 31, 2013

Dec. 31, 2013

Jun. 18, 2013

Jun. 18, 2013

Mr. Firer [Member]

Mr. Wolberg [Member]

TOT Group [Member]

TOT Group [Member]

Unified Payments, LLc [Member]

Unified Payments, LLc [Member]

Aptito, LLC [Member]

Aptito, LLC [Member]

Aptito, LLC [Member]

TOT Group [Member]

Business Acquisition [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

Convertible Securities, Exercise Price

$0.03

'

'

'

'

'

'

'

'

'

'

'

'

Percentage of Common Stock Issued And Outstanding

'

'

'

10.00%

'

'

'

'

'

'

'

'

'

Business Acquisition, Share Price

$0.25

'

'

'

'

'

'

'

'

'

'

'

'

Equity Method Investment, Ownership Percentage

'

'

'

'

'

'

'

70.00%

'

'

'

'

'

Repayments of Debt

'

'

'

'

'

'

'

'

'

'

$145,000

'

'

Long-term Debt, Gross

'

'

'

'

'

'

'

'

'

'

'

200,000

'

Stock Issued During Period, Shares, Restricted Stock Award, Net of Forfeitures, Total

'

'

'

'

'

'

'

'

'

'

125,000

'

'

Stock Issued During Period, Value, Restricted Stock Award, Net of Forfeitures, Total

'

'

'

'

'

'

'

'

'

'

718,750

'

'

Business Acquisition, Percentage of Voting Interests Acquired

'

'

'

'

'

'

10.00%

'

'

'

'

20.00%

80.00%

Goodwill

'

6,671,750

0

'

'

'

'

'

'

17,000,000

'

918,750

'

Business Acquisition, Description of Acquired Entity

'To the extent a holder of Net Element common stock would have received fewer than 100 shares of common stock of the Company in the Merger, such holder was issued an additional number of shares of common stock of the Company to bring such holders aggregate equity holdings in the Company to 100 shares of common stock. No fractional shares were issued in the Merger; instead, the Company issued one share of common stock to the holder of any shares of Net Element common stock that would have otherwise been entitled to receive a fraction of a share of common stock of the Company.

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number

'

'

'

'

'

'

'

'

'

'

67,712

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value

'

'

'

'

'

'

'

'

'

'

389,344

'

'

Business Acquisition Conversion Description

'

'Pursuant to the terms of the Merger Agreement, upon completion of the Merger, each share of then-issued and outstanding common stock of Net Element was automatically cancelled and converted into the right to receive one-fortieth (1/40) of a share of the Companys common stock.

'

'

'

'

'

'

'

'

'

'

'

Net Income (Loss) Attributable to Parent

'

-48,309,347

-16,389,931

'

'

'

'

'

'

-3,026,450

-406,376

'

'

Goodwill, Impairment Loss

'

11,200,000

0

'

'

'

'

'

11,200,000

'

'

'

'

Revenue, Net

'

18,749,470

1,384,852

'

'

'

'

'

'

14,765,114

32,784

'

'

Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners

'

'

'

'

'

'

'

'

'

10.00%

'

'

'

Noncontrolling Interest, Ownership Percentage by Parent

'

'

'

'

'

'

'

'

'

90.00%

'

'

'

Percentage Of Common Stock Obligated To Issue To Related Party

'

'

'

'

4.50%

2.00%

'

'

'

'

'

'

'

Business Acquisition, Equity Interest Issued or Issuable, Number of Shares

'

'

'

'

'

'

2,812,771

'

'

'

'

'

'

Business Acquisition, Equity Interest Issued or Issuable, Share Price

'

'

'

'

'

'

$4.55

'

'

'

'

'

'

Business Acquisition, Equity Interest Issued or Issuable, Value Assigned

'

'

'

'

'

'

12,798,104

'

'

'

'

'

'

Business Combination, Bargain Purchase, Gain Recognized, Amount

'

'

'

'

'

'

1,107,713

'

'

'

'

'

'

Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value

'

'

'

'

'

'

600,000

'

'

'

'

'

'

Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest, Total

'

'

'

'

'

'

$13,305,817

'

'

'

'

'

'

DISCONTINUED_OPERATIONS_Detail

DISCONTINUED OPERATIONS (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Revenues	$14,484	$27,630
Loss Before Income taxes	-1,339,646	-3,335,780
Income Tax Benefit	0	35,955
Net Loss from Discontinued Operations	($1,339,646)	($3,299,825)

DISCONTINUED_OPERATIONS_Detail1

DISCONTINUED OPERATIONS (Detail 1) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Cash	'	$32,950
Other Current Assets	'	29,056
Net Fixed Assets	'	29,258
Due from related parties	'	0
Intangible assets	'	101,196
Total Assets	0	192,460
Accounts Payable and Accrued Expenses	'	87,419
Due to related parties	'	135,693
Total Liabilities	0	223,112
Net assets (deficit) of discontinued operations	'	($30,652)

DISCONTINUED_OPERATIONS_Detail2

DISCONTINUED OPERATIONS (Detail Textual) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Capital Contribution	$1,259,000	'
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures, Total	46,113	0
T1T Lab [Member]	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Noncontrolling Interest, Ownership Percentage by Parent	10.00%	'
Disposal Group Including Discontinued Operation Liabilities Assumed	2,162,158	'
K 1 Holding Limited [Member]	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Other Notes Payable, Current	$2,000,000	'

NOTES_RECEIVABLE_Details

NOTES RECEIVABLE (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Less: Allowance for uncollectible note receivable	($1,834,302)	($891,475)
Total note receivable, net	0	6,088,934
OOO-RM Invest [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Financing Receivable, Gross	0	5,188,934
Former General Director [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Financing Receivable, Gross	1,834,302	0
Infratont Equities, Inc [Member]	'	'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Financing Receivable, Gross	$0	$1,791,475

NOTES_RECEIVABLE_Details_Textu

NOTES RECEIVABLE (Details Textual)	0 Months Ended					12 Months Ended
In Millions, unless otherwise specified	Jul. 12, 2012	Jul. 12, 2012	Nov. 26, 2012	Aug. 16, 2012	Aug. 16, 2012	Dec. 31, 2013	Dec. 31, 2013
	USD ($)	RUB		USD ($)	RUB	TOT Money (Member)	Settlement Agreement [Member]
						USD ($)	USD ($)
RM Invest	'	'	'	'	'	'	'
Maximum lending exposure under lending agreement	$7	200	'	$9.80	300	'	'
Interest rate	10.00%	10.00%	'	'	'	'	'
Effective interest rate earned	40.00%	40.00%	'	'	'	'	'
Noncontrolling Interest, Ownership Percentage by Parent	'	'	'	'	'	20.00%	'
Infratont Equities, Inc.	'	'	'	'	'	'	'
Maturity date under agreement	1-Oct-13	1-Oct-13	'	'	'	'	'
Interest rate	'	'	1.75%	'	'	'	'
Advances to Aggregators settlement agreement Reduction	'	'	'	'	'	'	3.8
Percentage of reserves on these aggregator advances	'	'	'	'	'	10.00%	'
Allowance for Notes, Loans and Financing Receivable, Noncurrent	'	'	'	'	'	$1.80	'

ACCOUNTS_RECEIVABLE_AND_ADVANC1

ACCOUNTS RECEIVABLE AND ADVANCES TO AGGREGATORS (Details Textual) (USD $)	12 Months Ended		21 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Sep. 30, 2013
Schedule of accounts receivable and advances to aggregators [Line Items]	'	'	'
Accounts receivable	$10,619,289	$10,855,175	'
Provision For Doubtful Other Receivables	'	'	6,700,000
Additional Technology Services Costs	423,179	'	'
Allowance for Doubtful Accounts Receivable, Current	2,111,303	'	'
Provision for Doubtful Accounts	7,640,008	1,638,032	'
Due from Other Related Parties, Current	1,109,538	4,777,033	'
Merchants [Member]	'	'	'
Schedule of accounts receivable and advances to aggregators [Line Items]	'	'	'
Provision for Doubtful Accounts	50,000	'	'
Russian mobile operators [Member]	'	'	'
Schedule of accounts receivable and advances to aggregators [Line Items]	'	'	'
Accounts receivable	9,118,849	'	'
TOT Group Inc [Member]	'	'	'
Schedule of accounts receivable and advances to aggregators [Line Items]	'	'	'
Accounts receivable	$1,498,620	'	'

FIXED_ASSETS_Details

FIXED ASSETS (Details) (USD $)

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Furniture and equipment [Member]

Furniture and equipment [Member]

Computers [Member]

Computers [Member]

Leasehold improvements [Member]

Leasehold improvements [Member]

Maximum [Member]

Maximum [Member]

Minimum [Member]

Minimum [Member]

Furniture and equipment [Member]

Computers [Member]

Furniture and equipment [Member]

Computers [Member]

Property, Plant and Equipment [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

Total fixed assets, gross

$490,712

$628,991

$236,432

$325,522

$254,280

$283,513

$0

[1]

$19,956

[1]

'

'

'

'

Less:Accumulateddepreciation

-353,445

-367,232

'

'

'

'

'

'

'

'

'

'

Total fixed assets, net

$137,267

$261,759

'

'

'

'

'

'

'

'

'

'

Fixed asset,Useful life

'

'

'

'

'

'

'

'

'10 years

'5 years

'3 years

'2 years

[1]

Leasehold improvements are amortized over the shorter of the economic usefull life or the lease term.

FIXED_ASSETS_Details_Textual

FIXED ASSETS (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Property, Plant and Equipment [Line Items]	'	'
Depreciation	$140,046	$129,830

INTANGIBLE_ASSETS_Details

INTANGIBLE ASSETS (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Intangible Assets, Remaining Useful Life in Months	'24 months	'
Amortization of Intangible Assets	$2,100,267	$136,176
Intangible Assets, Net	2,964,424	111,670
Merchant Portfolios [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Intangible Assets, Fair Market Value	2,922,911	'
Amortization of Intangible Assets	1,224,490	'
Intangible Assets, Net	1,698,421	'
Merchant Portfolios [Member] | TOT BPS LLC [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Intangible Assets, Fair Market Value	1,852,851	'
Intangible Assets, Remaining Useful Life in Months	'15 months	'
Amortization of Intangible Assets	852,247	'
Intangible Assets, Net	1,000,604	'
Merchant Portfolios [Member] | TOT HPS LLC [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Intangible Assets, Fair Market Value	102,050	'
Intangible Assets, Remaining Useful Life in Months	'15 months	'
Amortization of Intangible Assets	46,939	'
Intangible Assets, Net	55,111	'
Merchant Portfolios [Member] | TOT FBS LLC [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Intangible Assets, Fair Market Value	968,010	'
Intangible Assets, Remaining Useful Life in Months	'22 months	'
Amortization of Intangible Assets	325,304	'
Intangible Assets, Net	$642,706	'

INTANGIBLE_ASSETS_Details_1

INTANGIBLE ASSETS (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Finite-Lived Intangible Assets [Line Items]	'	'
Balance at begining of the period	$111,670	$119,963
Additions	5,935,028	127,883
Amortization	-2,100,267	-136,176
Impairment	-872,354	0
Divested	-109,653	'
Balance at end of the period	2,964,424	111,670
TOT Group [Member]	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Balance at end of the period	2,322,757	'
Domain Name [Member]	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Balance at begining of the period	73,751	6,787
Additions	0	66,964
Amortization	0	0
Impairment	0	'
Divested	-73,751	'
Balance at end of the period	0	73,751
IP Software [Member]	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Balance at begining of the period	0	0
Additions	258,748	0
Amortization	-14,923	0
Impairment	0	'
Divested	0	'
Balance at end of the period	243,825	0
Portfolios [Member]	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Balance at begining of the period	0	'
Additions	4,370,000	0
Amortization	-1,799,225	0
Impairment	-872,354	'
Divested	0	'
Balance at end of the period	1,698,421	0
Client Acquisition Costs [Member]	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Balance at begining of the period	0	'
Additions	466,280	0
Amortization	-85,769	0
Impairment	0	'
Divested	0	'
Balance at end of the period	380,511	0
Covenent non to compete [Member]	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Balance at begining of the period	0	'
Additions	840,000	'
Amortization	-198,333	'
Impairment	0	'
Divested	0	'
Balance at end of the period	641,667	'
Capitalized Patent Cost [Member]	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Balance at begining of the period	37,919	34,801
Additions	0	7,150
Amortization	-2,017	-4,032
Impairment	0	'
Divested	-35,902	'
Balance at end of the period	0	37,919
Website Capitalization Cost [Member]	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Balance at begining of the period	0	75,875
Additions	0	53,769
Amortization	0	-129,644
Impairment	0	'
Divested	0	'
Balance at end of the period	0	0
Other Intangible Assets [Member]	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Balance at begining of the period	0	2,500
Additions	0	0
Amortization	0	-2,500
Impairment	0	'
Divested	0	'
Balance at end of the period	$0	$0

INTANGIBLE_ASSETS_Details_2

INTANGIBLE ASSETS (Details 2) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Schedule Of Expected Amortization Expense [Line Items]	'	'	'
2014	$1,985,630	'	'
2015	643,332	'	'
2016	166,247	'	'
2017	56,405	'	'
Thereafter	112,810	'	'
Total	$2,964,424	$111,670	$119,963

INTANGIBLE_ASSETS_Details_Text

INTANGIBLE ASSETS (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Finite-Lived Intangible Assets [Line Items]	'	'	'
Amortization of Intangible Assets	$2,100,267	$136,176	'
Finite-Lived Intangible Assets, Net, Beginning Balance	2,964,424	111,670	119,963
Finite-Lived Intangible Assets, Amortization Method	'straight-line basis	'	'
Finite-Lived Intangible Asset, Useful Life	'24 months	'	'
Merchant Portfolios [Member]	'	'	'
Finite-Lived Intangible Assets [Line Items]	'	'	'
Amortization of Intangible Assets	1,224,490	'	'
TOT Group [Member]	'	'	'
Finite-Lived Intangible Assets [Line Items]	'	'	'
Finite-Lived Intangible Assets, Net, Beginning Balance	$2,322,757	'	'

SHORT_TERM_LOANS_Details_Textu

SHORT TERM LOANS (Details Textual)

Dec. 31, 2013

Sep. 30, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Sep. 28, 2012

Sep. 28, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Feb. 13, 2013

Feb. 13, 2013

Aug. 17, 2012

Aug. 17, 2012

USD ($)

USD ($)

USD ($)

Factoring Agreement With Alfa Bank [Member]

Factoring Agreement With Alfa Bank [Member]

Factoring Agreement With Alfa Bank [Member]

Factoring Agreement With Alfa Bank [Member]

Factoring Agreement With Alfa Bank [Member]

Factoring Agreement With Alfa Bank [Member]

Factoring Agreement With Alfa Bank [Member]

Factoring Agreement With Alfa Bank [Member]

Credit Agreement With Alfa Bank [Member]

Credit Agreement With Alfa Bank [Member]

Credit Agreement With Alfa Bank [Member]

Credit Agreement With Alfa Bank [Member]

Credit Agreement With Alfa Bank [Member]

Credit Agreement With Alfa Bank [Member]

USD ($)

USD ($)

RUB

Maximum [Member]

Maximum [Member]

Minimum [Member]

Minimum [Member]

USD ($)

RUB

USD ($)

RUB

USD ($)

RUB

USD ($)

RUB

USD ($)

RUB

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Short-term Debt

$8,478,810

'

$9,400,164

'

$7,600,000

'

'

'

'

'

'

'

'

'

'

$1,800,000

'

Interest rate for short term loans, maximum

'

'

'

'

'

'

'

'

'

'

'

14.00%

14.00%

'

'

'

'

Credit facility, maximum borrowing amount

'

'

'

'

'

9,800,000

300,000,000

'

'

'

'

'

'

'

'

9,800,000

300,000,000

Maximum percentage of accounts receivable determining available credit

'

'

'

'

'

80.00%

80.00%

'

'

'

'

'

'

'

'

'

'

Factoring fee, per account receivable

'

'

'

'

'

'

'

3.28

100

0.33

10

'

'

'

'

'

'

Financing rate in factoring agreement, minimum

'

'

'

9.70%

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Interest Rate, Effective Percentage Rate Range, Maximum

'

'

'

11.95%

'

'

'

'

'

'

'

'

'

'

'

'

'

Restricted Cash and Cash Equivalents

'

'

'

'

'

'

'

'

'

'

'

'

'

1,800,000

55,000,000

'

'

Line of Credit Facility, Amount Outstanding

'

$0

$1,800,000

'

'

'

'

'

'

'

'

$1,800,000

53,900,000

'

'

'

'

Line of Credit Facility, Initiation Date

'

'

'

28-Sep-12

'

'

'

'

'

'

'

17-Aug-12

17-Aug-12

'

'

'

'

Line of Credit Facility, Expiration Date

'

'

'

20-May-14

'

'

'

'

'

'

'

20-May-14

20-May-14

'

'

'

'

Debt Instrument, Interest Rate, Stated Percentage

'

'

'

'

'

'

'

'

'

'

'

3.55%

3.55%

'

'

'

'

ACCRUED_EXPENSES_Details

ACCRUED EXPENSES (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Accounts Payable and Accrued Liabilities [Line Items]	'	'
Accrued professional fees	$711,340	$470,382
Residual advances	240,000	0
Accrued income and VAT taxes	350,743	0
Promotional expense	261,311	221,311
Accrued interest	196,396	39,421
Accrued bonus	1,265,597	0
Accrued payroll	282,804	36,816
Other accrued expenses	176,772	142,092
Accrued expenses	$3,484,963	$910,022

ACCRUED_EXPENSES_Details_Textu

ACCRUED EXPENSES (Details Textual) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Accounts Payable and Accrued Liabilities [Line Items]	'	'
Accrued Salaries, Current	$282,804	$36,816
TOT Group Subsidiaries [Member]	'	'
Accounts Payable and Accrued Liabilities [Line Items]	'	'
Accrued Salaries, Current	$1,265,597	'

LONG_TERM_DEBT_Details

LONG TERM DEBT (Details) (USD $)	Dec. 31, 2013
Debt Instrument [Line Items]	'
Long-term Debt	$21,071,624
Less current portion	-3,816,093
Long Term Debt Noncurrent	17,255,531
MBF Merchant Capital LLC [Member]	'
Debt Instrument [Line Items]	'
Long-term Debt	5,000,584
RBL Capital Group LLC [Member]	'
Debt Instrument [Line Items]	'
Long-term Debt	2,565,306
Capital Sources of NY [Member]	'
Debt Instrument [Line Items]	'
Long-term Debt	2,300,000
Georgia Notes, LLC [Member]	'
Debt Instrument [Line Items]	'
Long-term Debt	11,098,066
Others [Member]	'
Debt Instrument [Line Items]	'
Long-term Debt	$107,668

LONG_TERM_DEBT_Details_1

LONG TERM DEBT (Details 1) (USD $)	Dec. 31, 2013
Debt Instrument [Line Items]	'
2014	$3,816,093
2015	2,411,407
2016	3,746,058
2017	13,268,000
Subtotal	23,241,558
Less: Unamortized debt discount	-2,169,934
Balance as of December 31, 2013	$21,071,624

LONG_TERM_DEBT_Details_Textual

LONG TERM DEBT (Details Textual) (USD $)

Dec. 31, 2013

Dec. 31, 2013

Apr. 16, 2013

Dec. 31, 2013

Dec. 31, 2013

Apr. 07, 2014

Dec. 31, 2013

Apr. 07, 2014

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

14-May-13

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Georgia Notes, LLC [Member]

Georgia Notes, LLC [Member]

MBF Merchant Capital LLC [Member]

RBL Capital Group LLC [Member]

RBL Capital Group LLC [Member]

RBL Capital Group LLC [Member]

RBL Capital Group LLC [Member]

Capital Sources of NY [Member]

Capital Sources of NY [Member]

K 1 Holding Limited [Member]

K 1 Holding Limited [Member]

K 1 Holding Limited [Member]

K 1 Holding Limited [Member]

K 1 Holding Limited [Member]

OOO Music1 [Member]

Notes Payable [Member]

Notes Payable One [Member]

Notes Payable One [Member]

Notes Payable Two [Member]

Notes Payable Two [Member]

Notes Payable [Member]

Notes Payable [Member]

Promissory Note Payable [Member]

Promissory Note Payable [Member]

Promissory Note Payable [Member]

Promissory Note Payable [Member]

Promissory Note Payable [Member]

Mr. Krutoy [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Minimum [Member]

Maximum [Member]

Mr. Krutoy [Member]

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Notes Payable, Total

'

'

'

$5,000,584

$1,532,853

'

$1,673,485

'

$2,300,000

$2,300,000

'

'

'

'

'

'

Debt Instrument, Interest Rate, Stated Percentage

'

8.00%

'

9.75%

15.64%

'

15.64%

'

15.00%

15.00%

'

13.25%

'

'

'

'

Debt Instrument, Periodic Payment, Interest

'

'

'

82,371

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid

'

'

'

3,641,767

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Maturity Date

'

1-Jan-17

'

15-Mar-16

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Periodic Payment

'

'

'

'

77,560

'

84,584

'

'

'

'

'

'

'

'

'

Debt Instrument Maximum Periodic Payment Upon Failure Of Terms

'

'

'

'

125,000

'

125,000

'

'

'

'

'

'

'

'

'

Debt Instrument, Payment Terms

'

'

'

'

'The Company assumed an amendment whereby, in the event that the cash flow ratio, as defined in the loan agreement is at the end of any calendar month less than 2:1 for three consecutive months, then the Company will be obligated to increase the monthly principal and interest payment to be $ 125,000 until such time the ratio falls below 2:1 for two consecutive months. Certain prepayment penalties exist, up to a maximum of 4% of the amount pre-paid, if the note is paid prior to maturity.

'

'The Company assumed an amendment whereby, in the event of the cash flow ratio, as defined in the loan agreement, is at the end of any calendar month less than 1.7:1 for two consecutive months, then the Company will be obligated to increase the monthly principal and interest payment to be $ 125,000 until such time the ratio falls below 1.7:1 for two consecutive months. As of December 31, 2013, the lender has agreed not to accelerate any payments.

'

'

'

'

'

'

'

'

'

Debt Instrument, Frequency of Periodic Payment

'

'

'

'

'

'

'

'

'

'Under the terms of the note, the note is interest only through February 1, 2014, at which time principal and interest is payable in 24 equal installments of $111,519.

'

'

'

'

'

'

Interest Expense, Debt

'

'

'

'

'

'

'

'

234,250

'

'

'

'

'

'

'

Debt Instrument, Face Amount

'

'

13,300,000

'

'

'

'

'

'

'

'

2,000,000

'

'

'

'

Equity Method Investment, Ownership Percentage

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

33.00%

Percentage Of Restricted Common Stock Shares Initially To Be Issued

'

'

'

'

'

'

'

'

'

'

2.00%

'

'

'

'

'

Percentage Of Restricted Common Stock Shares To Be Issued

'

'

'

'

'

'

'

'

'

'

4.00%

'

'

'

'

'

Percentage Beneficial Ownership Of Common Stock

'

'

'

'

'

'

'

'

'

'

'

'

6.00%

8.00%

10.00%

'

Debt Instrument, Present Value

'

11,098,066

'

'

'

'

'

'

'

'

'

1,536,642

'

'

'

'

Debt Instrument, Unamortized Discount

2,169,934

'

'

'

'

'

'

'

'

'

'

463,358

'

'

'

'

Debt Instrument, Additional Restructuring Interest

'

'

'

'

70,750

'

77,157

'

'

'

'

'

'

'

'

'

Repayments of Long-term Debt, Total

'

'

'

'

'

$1,567,693

'

$1,034,150

'

'

'

'

'

'

'

'

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Details Textual)	1 Months Ended		12 Months Ended				12 Months Ended
	Mar. 17, 2014	Mar. 17, 2014	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2013
	OOO-RM Invest [Member]	OOO-RM Invest [Member]	TOT Payments [Member]	TOT Payments [Member]	TOT Payments [Member]	TOT Payments [Member]	Office Space In Miami Florida [Member]	Office Space In Russia And Ukraine [Member]	Office Space In Russia And Ukraine [Member]	Tim Green field Employment Agreement [Member]	Termination Of Green Field Employment Agreement [Member]
	Subsequent Event [Member]	Subsequent Event [Member]	USD ($)	Settlement Agreement [Member]	Maximum [Member]	Minimum [Member]	USD ($)	USD ($)	USD ($)	USD ($)	USD ($)
	USD ($)	RUB			USD ($)	USD ($)	acre
Unrecorded Unconditional Purchase Obligation [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Amount of commitment	'	'	'	'	'	'	'	'	'	$235,000	$100,000
Amount of bonus	'	'	'	'	'	'	'	'	'	25,000	'
Area of real estate space	'	'	'	'	'	'	5,200	'	'	'	'
Lease Expiration Date	'	'	'	'	'	'	31-Dec-16	'	'	'	'
Rent expenses	'	'	'	'	'	'	'	386,722	181,777	'	'
Operating Leases Future Monthly Minimum Payments Remainder Of Fiscal Year	'	'	'	'	'	'	16,800	'	'	'	'
Operating Leases, Future Minimum Payments, Remainder of Fiscal Year	'	'	'	'	'	'	134,400	202,317	'	'	'
Operating Leases Future Monthly Minimum Payments Due Current	'	'	'	'	'	'	17,640	'	'	'	'
Operating Leases, Future Minimum Payments Due, Next Twelve Months	'	'	'	'	'	'	211,680	'	'	'	'
Operating Leases Future Monthly Minimum Payments Due In Two Years	'	'	'	'	'	'	18,522	'	'	'	'
Operating Leases, Future Minimum Payments, Due in Two Years	'	'	'	'	'	'	222,264	'	'	'	'
Operating Leases Future Monthly Minimum Payments Due In Three Years	'	'	'	'	'	'	19,448.10	'	'	'	'
Operating Leases, Future Minimum Payments, Due in Three Years	'	'	'	'	'	'	233,377.20	'	'	'	'
Loss Contingency, Damages Sought, Value	50,000,000	'	10,000,000	'	'	'	'	'	'	'	'
The Amount Of Unpaid Residual income	'	'	'	'	250,000	150,000	'	'	'	'	'
Advances To Aggregators Settlement Agreement, Percentage of profit sharing	'	'	'	30.00%	'	'	'	'	'	'	'
Debt Instrument, Face Amount	'	600,000,000	'	'	'	'	'	'	'	'	'
Equity Method Investment, Ownership Percentage	'	30.00%	'	'	'	'	'	'	'	'	'

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details Textual) (USD $)	Dec. 31, 2013
Related Party Transaction [Line Items]	'
Due to Related Parties	$1,451,357
T1T Lab [Member]	'
Related Party Transaction [Line Items]	'
Due to Related Parties	1,149,391
Noncontrolling Interest, Ownership Percentage by Parent	10.00%
Enerfund LLC [Member]	'
Related Party Transaction [Line Items]	'
Due to Related Parties	$301,966

STOCKHOLDERS_EQUITY_Details_Te

STOCKHOLDERS' EQUITY (Details Textual) (USD $)

1 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

0 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

12 Months Ended

Feb. 23, 2012

Dec. 31, 2013

Dec. 31, 2012

Oct. 02, 2012

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Feb. 02, 2012

Feb. 02, 2012

Feb. 02, 2012

Dec. 31, 2013

Apr. 06, 2012

Dec. 31, 2012

Dec. 31, 2013

Feb. 02, 2012

Feb. 23, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

T1T Lab [Member]

K 1 Holding Limited [Member]

LegalGuru [Member]

Chief Executive Officer [Member]

Chief Legal Officer and Secretary [Member]

Curtis Wolfe [Member]

President [Member]

Board of Directors Chairman [Member]

TOT Group [Member]

OOO Music One [Member]

K 1 Agreement [Member]

Letter Agreement [Member]

Plan 2013 [Member]

Warrants Issued With Common Stock Tranche One [Member]

Warrants Issued With Common Stock Tranche Two [Member]

Warrants Issued With Common Stock Tranche Three [Member]

Music1 Russia [Member]

Music1 Russia [Member]

Igor Yakovlevich Krutoy [Member]

T1T Group, LLC [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Restricted Stock [Member]

Shares Acquired Outside Of Plan [Member]

Class of Warrant or Right [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Class of Warrant or Right, Number of Securities Called by Warrants or Rights

'

8,938,900

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

16,667

16,667

16,667

'

'

'

'

'

'

'

'

'

Issuance of Stock and Warrants for Services or Claims

$1,333,333

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$2,000,000

'

'

Common stock, market price per share

'

'

$10

$13.60

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock Issued During Period, Shares, New Issues

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

16,667

333,333

'

333,333

'

Stock Issued During Period, Value, New Issues

'

'

4,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,000,000

'

Allocated Share-based Compensation Expense

'

'

'

'

'

'

'

'

'

'

'

'

'

2,587,749

'

'

'

'

'

'

'

'

'

'

'

'

'

800,000

'

Shares Issued, Price Per Share

$6

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$6

'

'

'

Cash proceeds from sale of common stock

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

100,000

2,000,000

'

'

'

Term of right/warrant

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'3 years

'3 years

'3 years

'

'

'

'

'

'

'

'

'

Exercise price of warrants

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10

20

40

'

'

'

'

'

'

'

'

'

Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount

'

'

806,667

'

'

'

'

'

'

'

356,250

300,004

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock Repurchase Program, Authorized Amount

'

'

2,500,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock repurchase program, shares repurchased during period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

169,022

'

137,207

Stock repurchase program, value of shares repurchased during period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

477,936

'

'

Stock repurchase program, average cost per share acquired

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$2.83

'

'

Noncontrolling Interest, Ownership Percentage by Parent

'

'

'

'

10.00%

'

70.00%

'

'

'

'

'

100.00%

'

'

'

'

'

'

'

'

67.00%

'

'

'

'

10.00%

'

'

Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners

'

'

'

'

'

'

30.00%

'

'

'

'

'

10.00%

'

'

'

'

'

'

'

33.00%

33.00%

'

'

'

'

'

'

'

Deferred Compensation Arrangement with Individual, Shares Issued

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

125,000

'

'

'

'

'

'

Deferred Compensation Arrangement with Individual, Maximum Contractual Term

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'two years

'

'

'

'

'

'

Number Of Restricted Shares issuable Under Agreement Description

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'The K1 Agreement requires the Company to issue to K1 Holding a number of restricted shares of common stock of the Company equal to 4% of the total issued and outstanding shares of common stock of the Company at the time of issuance or 1,125,109 shares

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Minimum Number Of Restricted Shares issuable Under Agreement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,125,109

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common Stock Issued And Outstanding Percentage

'

'

'

'

'

'

'

4.50%

2.00%

'

'

'

'

'

'

10.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

Intercompany Loans Forgiveness

'

'

'

'

9,254,725

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Other Notes Payable, Current

'

'

'

'

'

2,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Equity Method Investment, Ownership Percentage

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

90.00%

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

5,630,000

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized

'

'

'

'

'

'

'

'

'

75,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Capital Contribution

'

1,259,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Disposal Group Including Discontinued Operation Liabilities Assumed

'

'

'

'

2,162,158

'

'

'

'

'

'

'

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Stock Issued During Period Value Acquisitions1

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$13,305,817

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WARRANTS_Details_Textual

WARRANTS (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2013	Jan. 22, 2013	Feb. 12, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013
		Warrants Issued by Cazador in IPO [Member]	Warrants Issued by Cazador in Private Placement [Member]	Warrants Issued by Cazador in Private Placement [Member]	Warrants Issued by Cazador in Private Placement [Member]	Warrants Issued by Cazador in Private Placement [Member]
				Francesco Piovanetti [Member]	David P Kelley II [Member]	Affiliated Entity [Member]
Class of Warrant or Right [Line Items]	'	'	'	'	'	'
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	8,938,900	4,600,000	4,340,000	3,609,631	14,000	3,623,631
Class of Warrant or Right, Exercise Price of Warrants or Rights	'	7.5	7.5	'	'	'
Class Of Warrant Or Right Exercises During Period	1,100	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms	'3 years 9 months	'	'	'	'	'
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Exercise Price	$7.50	'	'	'	'	'

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Components of income loss before Income Tax Provision [Line Items]	'	'
United States	($38,963,263)	($12,148,458)
Foreign	-8,922,473	-919,325
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest, Total	($47,885,736)	($13,067,783)

INCOME_TAXES_Details_1

INCOME TAXES (Details 1)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Effective Income Tax Rate Reconciliation, Percent [Line Items]	'	'
U. S. Federal statutory income tax rate	34.00%	34.00%
State income tax, net of federal tax benefit	1.70%	1.90%
Compensation related permanent differences	-11.80%	-16.20%
Difference in foreign tax rates	-0.90%	-1.60%
Nondeductible provision for loan losses	-4.50%	0.00%
Change in uncertain tax liabilities	-0.40%	0.00%
Increase in valuation allowance	-18.50%	-19.30%
Effective income tax rate	-0.40%	-1.20%

INCOME_TAXES_Details_2

INCOME TAXES (Details 2) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Deferred tax assets:	'	'
Net operating loss carry forwards	$12,343,403	$9,722,855
Basis difference in goodwill	3,917,676	0
Share based compensation	0	72,940
Basis difference in intangible assets	648,940	104,464
Allowance for bad debt (US)	480,515	0
Valuation allowance for deferred tax assets	-17,371,908	-9,841,545
Total deferred tax assets	18,626	58,714
Deferred tax liabilities:	'	'
Basis difference in fixed assets	-18,626	-13,180
Basis difference in intangible assets	0	-45,534
Total deferred tax liabilities	-18,626	-58,714
Net deferred taxes	$0	$0

INCOME_TAXES_Details_Textual

INCOME TAXES (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Schedule of Income Tax Disclosure [Line Items]	'	'
Current Foreign Tax Expense (Benefit)	$213,284	$155,683
Valuation Allowance, Deferred Tax Asset, Change in Amount	7,500,000	'
Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions	200,000	'
Deferred Tax Assets, Valuation Allowance	17,371,908	9,841,545
State and Local Jurisdiction [Member]	'	'
Schedule of Income Tax Disclosure [Line Items]	'	'
Operating Loss Carryforwards	20,900,000	13,200,000
Operating Loss Carryforwards Expiration Description	'the state NOLs begin to expire in 2025	'
Foreign Tax Authority [Member]	'	'
Schedule of Income Tax Disclosure [Line Items]	'	'
Operating Loss Carryforwards	10,100,000	1,500,000
Operating Loss Carryforwards Expiration Description	'foreign NOLs begin to expire in 2023	'
Domestic Tax Authority [Member]	'	'
Schedule of Income Tax Disclosure [Line Items]	'	'
Operating Loss Carryforwards	$32,800,000	$25,000,000
Operating Loss Carryforwards Expiration Description	'The federal NOLs begin to expire in December 2025	'

SUBSEQUENT_EVENTS_Details_Text

SUBSEQUENT EVENTS (Details Textual)	Dec. 31, 2013	Feb. 11, 2014	Mar. 17, 2014	Mar. 17, 2014	Apr. 15, 2014	Apr. 07, 2014	Mar. 31, 2014	Apr. 07, 2014	Mar. 31, 2014
	T1T Group, LLC [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]
		T1T Group, LLC [Member]	OOO-RM Invest [Member]	OOO-RM Invest [Member]	Cayman Invest, SA [Member]	Notes Payable One [Member]	Notes Payable One [Member]	Notes Payable Two [Member]	Notes Payable Two [Member]
			USD ($)	RUB	Convertible Notes Payable [Member]	RBL Capital Corp [Member]	RBL Capital Corp [Member]	RBL Capital Corp [Member]	RBL Capital Corp [Member]
					USD ($)	USD ($)	USD ($)	USD ($)	USD ($)
Subsequent Event [Line Items]	'	'	'	'	'	'	'	'	'
Noncontrolling Interest, Ownership Percentage by Parent	'	10.00%	'	'	'	'	'	'	'
Notes Payable, Total	'	'	'	'	'	'	$1,416,926	'	$934,030
Debt Instrument, Accrued Restructuring Interest	'	'	'	'	'	'	92,239	'	90,615
Debt Instrument, Pro Rata Interest	'	'	'	'	'	'	16,020	'	9,505
Debt Instrument, Prepayment Premium	'	'	'	'	'	'	42,508	'	'
Debt Instrument, Face Amount	'	'	'	600,000,000	11,200,000	1,567,693	'	1,034,150	'
Equity Method Investment, Ownership Percentage	90.00%	'	'	30.00%	'	'	'	'	'
Loss Contingency, Damages Sought, Value	'	'	50,000,000	'	'	'	'	'	'
Debt Instrument, Frequency of Periodic Payment	'	'	'	'	'	'monthly	'	'monthly	'
Debt Instrument, Periodic Payment	'	'	'	'	'	77,560	'	84,584	'
Debt Instrument, Interest Rate, Stated Percentage	'	'	'	'	0.00%	15.64%	'	'	'
Debt Instrument, Additional Restructuring Interest Stated Percentage	'	'	'	'	'	5.00%	'	5.00%	'
Debt Instrument, Additional Restructuring Interest	'	'	'	'	'	106,856	'	116,533	'
Debt Instrument, Debt Default, Interest Rate	'	'	'	'	12.00%	'	'	'	'
Debt Instrument, Maturity Date	'	'	'	'	31-Mar-15	'	'	'	'
Debt Instrument, Convertible, Automatic Conversion Feature, Percentage of Diluted Shares	'	'	'	'	15.00%	'	'	'	'
Debt Instrument, Qualified Financing from Third Party	'	'	'	'	10,000,000	'	'	'	'
Proceeds from Short-term Debt, Total	'	'	'	'	$6,180,000	'	'	'	'