Mullen Automotive (MULN) 10-Q15 May 142014 Q1 Quarterly reportFinancial data

Company Profile

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
Document And Entity Information	Mar. 31, 2014	9-May-14
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	'	32,419,550
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-Mar-14	'
Document Fiscal Period Focus	'Q1	'
Document Fiscal Year Focus	'2014	'

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2014	Dec. 31, 2013
Current assets:	'	'
Cash	$777,031	$126,319
Accounts receivable, net	6,492,892	10,619,289
Advances to aggregators, net	1,023,039	1,109,538
Prepaid expenses and other assets	737,683	834,025
Total current assets	9,030,645	12,689,171
Fixed assets, net	115,002	137,267
Intangible assets, net	2,488,225	2,964,424
Goodwill	6,671,750	6,671,750
Investment in affiliate	0	46,113
Total assets	18,305,622	22,508,725
Current liabilities:	'	'
Accounts payable	2,887,403	3,190,215
Deferred revenue	267,705	239,398
Accrued expenses	2,816,992	3,484,963
Short term loans	7,421,795	8,478,810
Notes payable (current portion)	1,566,423	3,816,093
Due to related parties	318,300	1,451,357
Total current liabilities	15,278,618	20,660,836
Notes payable (non-current portion)	19,634,348	17,255,531
Total liabilities	34,912,966	37,916,367
STOCKHOLDERS' DEFICIT	'	'
Preferred stock ($.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 32,319,550 and 32,273,298 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively)	3,233	3,229
Paid in capital	104,804,856	103,486,144
Stock subscription	149,707	329,406
Accumulated other comprehensive income (loss)	1,112,748	-170,550
Accumulated deficit	-122,524,155	-118,930,828
Noncontrolling interest	-153,733	-125,043
Total stockholders' deficit	-16,607,344	-15,407,642
Total liabilities and stockholders' deficit	$18,305,622	$22,508,725

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS [Parenthetical] (USD $)	Mar. 31, 2014	Dec. 31, 2013
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	32,319,550	32,273,298
Common stock, shares outstanding	32,319,550	32,273,298

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Net revenues	$4,843,479	$868,150
Costs and expenses:	'	'
Cost of revenues	3,528,494	275,547
General and administrative (includes $52,050 and $0 of share based compensation for the quarter ended March 31, 2014 and 2013, respectively)	3,141,945	2,778,825
Provision for loan losses	101,711	406,585
Depreciation and amortization	591,699	35,710
Total costs and operating expenses	7,363,849	3,496,667
Loss from operations	-2,520,370	-2,628,517
Interest expense, net	-1,061,480	-149,634
Other expense	-235	-84,550
Loss from continuing operations before income tax provision	-3,582,085	-2,862,701
Income tax provision	-39,933	0
Loss from continuing operations	-3,622,018	-2,862,701
Net loss (income) attributable to the noncontrolling interest	28,690	-188
Discontinued operations:	'	'
Loss from operations of discontinued entities	0	-370,942
Total discontinued operations	0	-370,942
Net loss	-3,593,328	-3,233,831
Foreign currency translation gain (loss)	1,283,298	-26,073
Comprehensive loss	($2,310,030)	($3,259,904)
Loss per share - basic and diluted continuing operations (in dollars per share)	($0.11)	($0.10)
Loss per share - basic and diluted discontinued operations (in dollars per share)	$0	($0.01)
Total loss per share (in dollars per share)	($0.11)	($0.11)
Weighted average number of common shares outstanding - basic and diluted (in shares)	32,273,298	28,224,893

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS [Parenthetical] (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Non-Cash Compensation	$52,050	$0

CONDENSED_CONSOLIDATED_STATEME2

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities:	'	'
Net loss	($3,593,328)	($3,233,831)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:	'	'
Non-cash compensation	52,050	0
Depreciation and amortization	591,699	43,075
Provision for loan losses	0	406,585
Loss attributable to investment in subsidiary	0	83,823
Noncontrolling interest	-28,690	-16,216
Accounts receivable	4,487,829	-1,041,985
Advances to aggregators	-5,580	-3,758,314
Prepaid expenses and other assets	87,008	200,096
Accounts payable	-252,415	96,522
Accrued expenses	-599,629	8,173
Adjustments for operating activities of continuing operations	4,332,272	-3,978,241
Net cash provided by (used in) operating activities	738,944	-7,212,072
Cash flows from investing activities- net of acquisitions:	'	'
Collections from notes receivable	0	5,531,562
Cash advanced to Unified Payments	0	-454,814
Purchase of fixed assets	-97,117	0
Disposal of fixed assets	0	3,357
Other	46,113	0
Net cash provided by (used in) investing activities	-51,004	5,080,105
Cash flows from financing activities- net of acquisitions:	'	'
Repayment to financial institutions	-1,085,027	-886,854
Change in restricted cash	0	2,056,821
Cash paid for share repurchases	0	-472,695
Repayment of amounts due to related parties	-754,240	-89,381
Note payable	1,932,266	0
Net cash provided by financing activities	92,999	607,891
Effect of exchange rate changes on cash	-130,227	-26,073
Net increase (decrease) in cash	650,712	-1,550,149
Cash at beginning of period	126,319	3,579,737
Cash at end of period	777,031	2,029,588
Supplemental disclosure of cash flow information	'	'
Cash paid during the period for Interest	574,233	146,711
Cash paid during the period for Taxes	$167,610	$196,425

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	Mar. 31, 2014
Accounting Policies [Abstract]	'
Basis of Presentation and Significant Accounting Policies [Text Block]	'
	NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Organization

	Net Element, Inc. (“Net Element” or the “Company”) is a financial technology-driven group specializing in mobile payments and other transactional services in emerging countries and in the United States. The Company operates in a single operating segment, that being a provider of transactional services and mobile payment solutions. The Company’s operating segment is based on geographic location. Geographic areas in which the Company operates include the United States, where through its U.S. based subsidiaries it generates revenues from transactional services and other payment technologies for small and medium-sized businesses (“SME”). Through TOT Group Russia and Net Element Russia, we operate the Company’s international segment focused on transactional services, mobile payments transactions and other payment technologies in emerging countries including Russian Federation and the Commonwealth of Independent States (“CIS”).

	Business

	The Company's transactional services enable its merchant vendors to accept credit cards as well as other forms of payment, including debit cards, checks, gift cards and loyalty programs in traditional card-present, or swipe transactions, as well as card-not-present transactions, such as those done over the phone or through the internet or a mobile device. The Company markets and sells its services through both independent sales groups (“ISGs”), which are non-employee, external sales organizations and other third party resellers of the Company's products and services and directly to merchants through electronic media, telemarketing and other programs, including utilizing partnerships with other companies that market products and services to small businesses. In addition, the Company partners with banks such as BMO Harris Bank, N.A.in the United States to sponsor the Company for membership in the Visa(R), MasterCard(R) or other card associations and to settle transactions with merchants. The Company performs core functions for small merchants such as application processing, underwriting, account set-up, risk management, fraud detection, merchant assistance and support, equipment deployment and chargeback services. The Company's mobile payments business provides carrier-integrated mobile payments solutions. The Company'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 its clients In-App, P-SMS, Online and Carrier Billing.

	Basis of Presentation

	The accompanying condensed consolidated financial statements of Net Element have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and reflect all adjustments, which are of a normal and recurring nature, that are, in the opinion of management, necessary for a fair presentation of the condensed consolidated financial position and results of operations for the related periods. All significant intercompany transactions and balances have been eliminated in consolidation. The consolidated results of operations for any interim periods are not necessarily indicative of results to be expected for the full year.

	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. Prior to January 1, 2014, all U.S. non-interest bearing transaction accounts were fully insured, regardless of the balance in the account, at all FDIC insured institutions. At March 31, 2014, the bank balances exceed FDIC insured institution limits of $250,000 by approximately $281,600. The bank balances at December 31, 2013 did not exceed FDIC limits.

	The Company maintains approximately $252,400 and $45,519 in uninsured Russian, Ukraine and Cayman Islands bank accounts as of March 31, 2014 and December 31, 2013, respectively.

	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 a 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 $474,015 in terminals and Apple® iPads and related equipment purchased of which $284,934 has been placed with merchants. Amortization of these terminals amounted to $24,029 and $0 for the three months ended March 31, 2014 and 2013, respectively.

	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 the Company’s 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 FDR breached its obligations pursuant to a 2006 Marketing Agreement. Because the FDR case was dismissed, management has decided that the possibility of recovering fees is 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 groups (“ISGs”) 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 March 31, 2014 the residual commission payable to ISGs and independent sales agents was $351,564 and was $451,374 at December 31, 2013. The company pays commission on annual fees it defers over twelve months. The Company pays its agents these commissions, 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. As of March 31, 2014 and December 31, 2013 the Company had $86,744 and $115,700 respectively, in deferred commissions. 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 ISG’s for the establishment of new merchant relationships. Capitalized customer acquisition costs represent incremental, direct customer acquisition costs that are recoverable through gross margins (future net cash flows) associated with merchant contracts. The up-front payment to the ISG 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 three months ended March 31, 2014, the Company recorded $86,779 in additional capitalized customer acquisition costs and $43,542 in related additional amortization. The balance of customer acquisition costs, net of amortization is $423,748 and $380,511 at March 31, 2014 and December 31, 2013, respectively, and reflected in intangible assets in the accompanying consolidated balance sheets.

	Fair Value Measurements

	The Company’s financial instruments consist primarily of cash, accounts receivable, merchant portfolios, notes receivable, accounts payable and debt instruments. The carrying values of cash, 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 debt of $21 million as of March 31, 2014 and $21 million at 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 business combinations 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 $4,843,479 for the three months ended March 31, 2014. Of this, $4,038,333 was derived from processing of Visa®, MasterCard®, Discover® and American Express® card transactions and $748,599 was derived from processing of mobile electronic payments.

The credit card processing revenues were derived from merchant customer transactions, which are processed primarily by two “third-party” processors. For the three months ended March 31, 2014, the Company processed 51% of its total revenue with Cynergy Data, and 30% with National Processing Company (NPC).

The mobile electronic payment revenues were derived from merchant customer transactions, which are processed primarily by two mobile operators. For the three months ended March 31, 2014, the Company processed 7% of its total revenue with Beeline (OJSC Vimpelcom), and 7% with MTS (Mobile TeleSystems OJSC).

Foreign Currency Transactions

The Company is subject to exchange rate risk in its foreign operations Russia, the functional currency of which is Russian Ruble and in Ukraine, the functional currency of which is Ukraine Hryvnia, where the Company generates service fee revenues and interest income and incurs product development, engineering, website development, interest expense, 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.

The Company’s revenues for the three-month periods ended March 31, 2014 and 2013 are principally derived from the following sources:

Service Fees. Service fees are generated primarily from TOT Money’s mobile payment processing and service fees.

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 accounts for bundled transactions in accordance with 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 also may 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 annual 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 condensed consolidated statement of operations and comprehensive loss.

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 condensed consolidated financial statements of TOT Money as the collections 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 March 31, 2014 and 2013, the Company had 8,390,000 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. During the three months ended March 31, 2014 and 2013, the Company did not recognize any charges for impairment of goodwill and intangible assets.

Income Taxes

The Company accounts 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 condensed consolidated 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.

The Company recognizes net deferred tax assets to the extent that management believes these assets are more likely than not to be realized. In making such a determination, management considers 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 management determines that the Company would be able to realize its deferred tax assets in the future in excess of their net recorded amount, an adjustment would be made 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 March 31, 2014. See Note 17 for discussion of the Company’s uncertain tax positions.

Recently Issued and Adopted 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. The adoption of this guidance did not have a material impact on the Company’s 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 adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements.

BASIS_OF_PRESENTATION_AND_PRIN

BASIS OF PRESENTATION AND PRINCIPLES OF CONSOLIDATION	3 Months Ended
	Mar. 31, 2014
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 condensed consolidated financial statements of the Company include Continuing Operations:

	The following entities make up our continuing operations: (1) TOT Group, Inc., a 100% owned subsidiary formed in Delaware; (2) Netlab Systems, LLC, 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; and (6) A&R Music Holdings, LLC, a wholly owned subsidiary formed in Florida (operations discontinued 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 subsidiary 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) was 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: 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 condensed consolidated statements of operations and comprehensive loss and statements of cash flows contain activity through September 25, 2013 for discontinued operations of the Company’s on-line media businesses. 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 (“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) 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 condensed consolidated balance sheets for the discontinued entities at March 31, 2014 and December 31, 2013 given the divesture occurred on September 25, 2013. Prior periods have been adjusted to report the net assets and results from operations of these discontinued entities as discontinued operations.

	All material intercompany accounts and transactions have been eliminated in this consolidation.

GOING_CONCERN_CONSIDERATIONS

GOING CONCERN CONSIDERATIONS	3 Months Ended
GOING CONCERN CONSIDERATIONS	Mar. 31, 2014
Going Concern Considerations [Abstract]	'
Going Concern Considerations [Text Block]	'
	NOTE 3. GOING CONCERN CONSIDERATIONS

	The Company’s condensed 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 a net loss of approximately $3.6 million for the quarter ended March 31, 2014, an accumulated deficit of approximately $122.5 million and negative working capital of approximately $6.2 million at March 31, 2014. 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 $10 million of additional financing; however, there is no assurance this will occur. The accompanying condensed 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 contained an explanatory paragraph expressing substantial doubt as to the Company’s ability to continue as a going concern

MERGER_AND_ACQUISITION_TRANSAC

MERGER AND ACQUISITION TRANSACTIONS	3 Months Ended
	Mar. 31, 2014
Business Combinations [Abstract]	'
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	'
	NOTE 4. MERGER AND ACQUISITION TRANSACTIONS

	Unified Payments

	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. Had the acquisition occurred on January 1, 2013, revenue and net loss from operations would have increased by $5,662,740 and $1,081,218, respectively.

	The following table summarizes the fair value of consideration paid and the allocation of purchase price to the fair value of tangible and intangible assets and liabilities, including the estimated useful lives of acquired assets:

		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 are being 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 further 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% noncontrolling interest in 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% noncontrolling interest in TOT Group, Inc. of $1,107,713, less the fair value of the 10% TOT Group stock of $600,000.

	Aptito

	On June 18, 2013, 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); and (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 March 31, 2014, 98,964 shares with a value of $569,043 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.

	Had the acquisition occurred on January 1, 2013, revenue and net loss from operations would have increased by $55,091 and $112,602, respectively.

DISCONTINUED_OPERATIONS

DISCONTINUED OPERATIONS	3 Months Ended
DISCONTINUED OPERATIONS	Mar. 31, 2014
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 and 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 of 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 condensed 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, was 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.

	In September 2013, the Company entered into a Contribution Agreement with T1T Lab and T1T Group, LLC, pursuant to which the Company contributed 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") to T1T Lab for a 10% interest. On February 11, 2014, the Company agreed to transfer to T1T Group its 10% interest in T1T Labsin consideration for the Company being released from its obligations to T1T Lab (including the obligations to make capital contributions to T1T Lab).

	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 condensed consolidated statements of operations and comprehensive loss for all periods presented.

	For the three months ended March 31, 2013 the company’s discontinued operations contained revenues of $6,365, loss before income taxes of $370,942, an income tax provision of $0 and Net Loss from discontinued operations of $370,942.

	As of March 31, 2014 and December 31, 2013, there were no assets or liabilities of discontinued operations because the entities were divested on September 25, 2013.

NOTES_RECEIVABLE

NOTES RECEIVABLE	3 Months Ended
	Mar. 31, 2014
Receivables [Abstract]	'
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	'
	NOTE 6. NOTES RECEIVABLE

	As of March 31, 2014 and December 31, 2013 the Company had net notes receivable as follows:

		March 31, 2014		December 31, 2013
	Note receivable from former general director	$	-	$	1,834,302
	Less: Allowance for uncollectible note receivable		-		-1,834,302
	Total note receivable, net	$	-	$	-

	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, the Company does 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 newly appointed management of TOT Group Russia completed its analysis of its aggregator and mobile operator relationships. As part of this review, management 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, management concluded that a significant portion of these advanced amounts would not be recoverable in the form of future business from the aggregators. The former general director assumed responsibility for a certain amount of these advances and entered into a settlement agreement, to which TOT Money is to recover $3.8 million, based on future business development and profitability. The former general director was transferred to the role of commercial director with responsibility to develop and promote new business until February 10, 2014 when he resigned.

	Due to the past history of losses of the TOT Money operations, coupled with the resignation of the former general director, management determined recovery of the remaining discounted balance is unlikely, and recorded an allowance of $3.8 million during 2013.

ACCOUNTS_RECEIVABLE_AND_ADVANC

ACCOUNTS RECEIVABLE AND ADVANCES TO AGGREGATORS	3 Months Ended
ACCOUNTS RECEIVABLE AND ADVANCES TO AGGREGATORS	Mar. 31, 2014
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 $6,492,892 at March 31, 2014, consisting primarily of $4,905,352 in amounts due from Russian mobile operators and $1,585,864 of TOT Payments, Inc. merchant receivables.

	The $1,585,864 of merchant receivables is net of a $103,031 allowance for amounts due from certain merchants. There were additional charges to bad debts for $101,711 for ACH rejects in the normal course of operations.

	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 also may 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 advancing funds to aggregators for data traffic to be provided to mobile operators. Aggregators provide transactions to TOT Money for processing and billing to contract mobile operators. 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 payment history that the Company has with each mobile operator and the size of each mobile operator company. The collection cycle with mobile operators is approximately 45 days.

	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	3 Months Ended
FIXED ASSETS	Mar. 31, 2014
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	March 31,		December 31,
		(in years)	2014		2013 (as
					restated)
	Furniture and equipment	10-Mar	$	222,051	$	236,432
	Computers	5-Feb		254,280		254,280
	Leasehold improvements*			-		-
	Total			476,331		490,712

	Less: Accumulated depreciation			-361,329		-353,445

	Total fixed assets, net		$	115,002	$	137,267

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

	Depreciation expense for the three months ended March 31, 2014 and 2013 was $28,721 and $35,710, respectively.

INTANGIBLE_ASSETS

INTANGIBLE ASSETS	3 Months Ended
INTANGIBLE ASSETS	Mar. 31, 2014
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 March 31, 2014:

				Remaining
				Useful Life in			Accumulated
		Cost		Months			Amortization		Net

	TOT BPS, LLC	$	1,852,851			15	$	1,161,054	$	691,797
	TOT HPS, LLC		102,050			15		63,944		38,106
	TOT FBS, LLC		968,010			22		441,466		526,543
		$	2,922,911				$	1,666,465	$	1,256,446

	The useful lives of merchant portfolios represent management’s best estimate over which the Company will recognize the economic benefits of these intangible assets.

	The Company capitalizes certain development costs. Specifically, the Company capitalizes projects that are significant in terms of added functionality to the project. A capitalized project would be closer to a full product launch than an incremental or point release update. Costs for maintenance and minor 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.

	In connection with the Unified Payments acquisition in 2013, two key executives signed covenants not to compete. These covenants have a three-year life.

	At March 31, 2014, the Company had $2,488,225 of intangible assets of which $1,916,558 are attributed to TOT Group. Shown below are the details of intangible assets as of March 31, 2014:

		IP Sofware			Portfolios		Client Acquisition		Covenant Not to		Total
		IP Sofware			Portfolios		Costs		Compete		Total
	Balance at December 31, 2013	$	243,825		$	1,698,421	$	380,511	$	641,667	$	2,964,424
	Additions		-			-		86,779		-		86,779
	Amortization		-7,461			-441,975		-43,542		-70,000		-562,978
	Impairment		-			-		-		-		-
	Balance at March 31, 2014	$	236,364		$	1,256,446	$	423,748	$	571,667	$	2,488,225

	Amortization expense was $562,978 and $0 for the periods ended March 31, 2014 and 2013, respectively.

	The following table presents the estimated aggregate future amortization expense of other intangible assets:

	2,014	$	1,461,470
	2,015		599,313
	2,016		222,919
	2,017		91,713
	2,018		112,810
	Total	$	2,488,225

SHORT_TERM_LOANS

SHORT TERM LOANS	3 Months Ended
SHORT TERM LOANS	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Short-Term Debt Disclosure [Text Block]	'
	NOTE 10. SHORT TERM LOANS

	As of March 31, 2014 and December 31, 2013, the Company had approximately $7.4 million and $8.5 million, respectively, in short term loans payable under factoring and credit agreements with Alfa-Bank that was entered by the Company’s Russian subsidiary, TOT Money.

	In September 2012, TOT Money entered into a factoring agreement with Alfa-Bank. Pursuant to the agreement, as amended, TOT Money assigned to Alfa-Bank its accounts receivable as security for financing up to 300 million Russian rubles (approximately $9.8 million in U.S. dollars). 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 agreement expires on May 20, 2014 and is expected to be renewed or replaced with substantially the same terms. Interest on the factoring arrangement ranges from 9.70% to 11.95% annually of the amounts borrowed, with servicing fees ranging from 10 Russian rubles (approximately $0.33 in U.S. dollars) to 100 Russian rubles (approximately $3.28 million in U.S. dollars) per account receivable. 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 August, 2012, 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 line of credit expires on 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. The balance outstanding on the line of credit was $0 at December 31, 2013 and March 31, 2014. The Company does not plan to renew this Credit Agreement upon its expiration on May 20, 2014.

ACCRUED_EXPENSES

ACCRUED EXPENSES	3 Months Ended
ACCRUED EXPENSES	Mar. 31, 2014
Payables and Accruals [Abstract]	'
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	'
	NOTE 11. ACCRUED EXPENSES

	At March 31, 2014 and December 31, 2013, accrued expenses amounted to $2,816,992 and $3,484,963, 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 March 31, 2014 and December 31, 2013.

		March 31,		December 31,
		2014		2013
	Accrued professional fees	$	777,388	$	711,340
	Short Term Loan Advances		41,767		240,000
	Accrued income and VAT taxes		80,589		350,743
	Promotional expense		96,390		261,311
	Accrued interest		240,624		196,396
	Accrued payroll		104,594		282,804
	Accrued bonus		1,343,780		1,265,597
	Other accrued expenses		131,860		176,772
		$	2,816,992	$	3,484,963

	Accrued bonuses were approximately $1.3 million at both March 31, 2014 and December 31, 2013 are 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	3 Months Ended
LONG TERM DEBT	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Long-term Debt [Text Block]	'
	NOTE 12. LONG TERM DEBT

	The Company assumed certain debt obligations in connection with its April 16, 2013 acquisition of Unified Payments.

		March 31,		December
		2014		31, 2013
	MBF Merchant Capital LLC	$	5,000,584		5,000,584
	RBL Capital Group, LLC		2,353,604		2,565,306
	Capital Sources		2,300,000		2,300,000
	Georgia Notes		11,546,583		11,098,066
	Other		-		107,668
	Subtotal	$	21,209,771	$	21,071,624

	Less Current Portion		1,566,423		3,816,093

	Long Term Debt	$	19,634,348	$	17,255,531

	MBF Merchant Capital, LLC

	The note payable to MBF Merchant Capital, LLC (“MBF”) has an interest rate of 9.75%, requiring monthly principal and interest payments of $82,371 with a balloon payment of $3,641,767 (inclusive of accrued interest) on March 15, 2016. The loan was restructured in April 2014. See subsequent events note 18.

	RBL Capital Group, LLC

	The Company assumed two long-term notes with RBL Capital Group, LLC ("RBL"):

	The first note payable to RBL has an interest rate of 15.635%, requiring monthly payments of $77,560 and is secured by the residuals received from Cynergy Data. RBL has waived the requirement for monthly payments to increase to $125,000 in the event that the cash flow ratio at the end of any calendar month, as defined, is less than 2:1 for two consecutive months. The note is subject to prepayment penalties, and is collateralized by a security agreement that provides RBL with a senior priority security interest in the assets the Company. The Company has been making interest-payments only since July 2013. The note was settled in April 2014. See subsequent events note 18.

	The second note payable to RBL also has an interest rate of 15.635%, requiring monthly payments of $84,584 and is secured by residuals received by a legacy processor of TOT BPS, LLC. RBL has waived the requirement for monthly payments to increase to $125,000 in the event that the cash flow ratio at the end of any calendar month, as defined, is less than 1.7:1 for three consecutive months. The note was settled in April 2014. See subsequent events note 18.

	Capital Sources of New York

	The unsecured $2,300,000 note payable to Capital Sources of New York ("CSNY") requires interest-only payments at 15.0% through February 1, 2014, followed by 24 equal principal and interest installments of $111,519. The note was restructured in April 2014. See subsequent events note 18.

	Georgia Notes, LLC

	In January 2014, the preferred membership interests in Unified Payments plus accrued PIK interest thereon was converted in an 8% interest-only loan with a face value of approximately $13.3 million. The loan matures on January 1, 2017 and has a balance of $11,546,584 at March 31, 2014.

	Scheduled Debt Principal Maturities

	Scheduled principal maturities on all indebtedness as of March 31, 2014 are as follows

	Year ended December 31, 2014	$	1,566,423
	Year ended December 31, 2015		1,690,300
	Year ended December 31, 2016		1,442,511
	Year ended December 31, 2017		15,268,371
	Year ended December 31, 2018		2,954,583
	Total	$	22,922,188
	Less Unamortized Debt Discount		-1,721,417
	Balance as of March 31, 2014	$	21,200,771

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	NOTE 13. COMMITMENTS AND CONTINGENCIES

	Leases

	In May 2013, the Company entered into a lease agreement and relocated its corporate headquarters and principal executive offices to North Miami Beach, Florida. 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. Total rent expense for these leases was $110,830 and $113,854 for the quarter ended March 31, 2014 and 2013, respectively.

	The Company also leases office space in Russia and the Ukraine at $900 per month through February 2015. Total rent expense for these leases was $15,026 and $145,015 for the three months ended March 31, 2014 and 2013 respectively.

	Total future lease payments are as follows:

	2014	$	166,860
	2015		224,064
	2016		233,376
	2017		-
	2018		-
	Total	$	624,300

	Litigation

	First Data Corporation

	On July 30, 2013, TOT Payments brought an action against First Data Corporation ("FDC") 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 FDC 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. FDC is the successor in interest to Paymentech. On July 15, 2013, FDC failed to pay to TOT Payments the monthly residuals otherwise due, as FDC alleges that the MMOA Agreement was lawfully terminated in April 2012, and that FDC had 180 days after the termination notice to move the MMOA merchants to a new platform. Failing to do so would allow FDC to withhold residual payments, and t FDC can take ownership of 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 FDC to withhold monthly residuals due. TOT Payments filed an opposition to FDC's motion to dismiss (for lack of standing) on October 24, 2013. FDC's Reply to TOT Payments' opposition was filed October 31, 2013. FDC 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 TOT Payments has filed an Appeal of the dismissal.

	C&H Financial Services

	The Company is a defendant to a lawsuit filed by C&H, Holder, and Costanzo Company during February 2014 in the 11th Judicial Circuit Court for Miami-Dade County, Florida. 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 seek judgment and unspecified compensatory damages from the Company. Plaintiffs also seek 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. See subsequent event note 18 for information on settlement of this lawsuit.

	OOO-RM Invest

	The Company is a defendant to a lawsuit filed by OOO-RM Invest ("RMI”) on March 17, 2014 in the US District Court, Southern District of Florida. In its complaint, RMI 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 ("TMI"), that would continue the operations of RMI; (b) that the Company would provide financing by TMI in the amount of 600,000,000 Russian rubles; (c) that the Company would assume certain liabilities of RMI; (d) that the Company would be responsible for all business operations of RMI and TMI; (e) that the Company would deliver the Digital SkyTechnologies ("DST'') account and stated key DST structures to TMI; (f) that RMI would receive a 30% ownership stake in TMI and/or receive shares of stock in the Company; (g) that Tcahai Hairullaevich Katcaev would hold the position of General Director of TMI; (h) RMI would provide TMI with access to RMI's operating accounts; and (i) RMI would transfer client accounts and contracts to TMI. RMI 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 engaged legal counsel to defend its interests. A Motion to Dismiss on jurisdictional as well as substantive grounds has been filed and is pending a hearing.

	Other Legal Proceedings

	The Company is 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	3 Months Ended
RELATED PARTY TRANSACTIONS	Mar. 31, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	NOTE 14. RELATED PARTY TRANSACTIONS

	In September 2013, the Company entered into a Contribution Agreement with T1T Lab and T1T Group, LLC, pursuant to which the Company contributed 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") to T1T Lab. The Disposed Subsidiaries constituted 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 contributions to T1T Lab in the amount of $1,259,000. In exchange for such contributions, the Company received a 10% membership interest in T1T Lab, and T1T Lab assumed $2,162,158 in liabilities (inclusive of $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. In addition, all intercompany loans payable and receivable between the Disposed Subsidiaries to the Company were extinguished 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, an entity wholly-owned by Enerfund, LLC (an entity wholly-owned by Mike Zoi, a director and majority stockholder of the Company).

	In December 2013, the Company entered into a Services Agreement with K1 Holding (the "Services Agreement"). 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. The Services Agreement provides for K1 Holding to provide investor relations services on behalf of the Company and its affiliates outside the United States, and for K1 Holding to assist the Company and its affiliates with future negotiations and relationships with Mobile TeleSystems OJSC, MegaFon OJSC, OJSC VimpelCom (a/k/a Beeline) and their respective affiliates (collectively, the "Mobile Carriers"). The term of the Services Agreement expires on December 5, 2015. In connection with the agreement, the Company is required 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.

	At 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.

	In February 2014, the Company executed an Assignment of Membership Interest in favor of T1T Group, LLC. Pursuant to such assignment, the Company transferred its 10% Interests in T1T Lab to T1T Group, LLC in consideration for the Company being released from all of its obligations to T1T Lab (including the obligations to make capital contributions to T1T Lab). Oleg Firer, previously appointed as an Executive of T1T Lab, resigned his position with T1T Lab.

	At March 31, 2014, the Company had $318,300 due to related parties, primarily due to Enerfund.

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
STOCKHOLDERS' EQUITY	Mar. 31, 2014
Equity [Abstract]	'
Stockholders Equity Note Disclosure [Text Block]	'
	NOTE 15. STOCKHOLDERS’ EQUITY

	Share Repurchase Program

	During December 2012, the Company announced a Board-approved 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. The Company did not repurchase any shares during the three months ended March 31, 2014. For the three months ended March 31, 2013, the Company repurchased 167,220 shares of its common stock for $472,644 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. As of March 31, 2014 the Company has repurchased 169,022 shares for $477,936 or an average price of $2.83 per share.

	Purchase of Noncontrolling Interest in TOT Group, Inc.

	In September 2013, the Company entered into a letter agreement 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 in December 2013. The Company recorded a compensation charge of $13,305,817, representing the value of the shares issued to Messrs. Firer and Wolberg..

	Equity Incentive Plan

	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.

	Stock Issuances

	On May 10, 2013, the Company entered into a Settlement, Separation Agreement and General Release (the "Separation Agreement") with Curtis Wolfe. Mr. Wolfe is a former employee and the former Secretary of the Company, andis the Chief Executive Officer and Chairman of LegalGuru LLC, formerly a 70%-owned subsidiary.. 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, 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 75,000 shares of Common Stock of the Company to Mr. Wolfe 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. In December 2013, shareholders approved the issuance of 75,000 shares to Curtis Wolfe, and the Company recorded a compensation charge of $356,250 for the year ended December 31, 2013. During the quarter ended March 31, 2014, the Company issued 15,000 shares of common stock to the members of its Board of Directors and recorded compensation charges of $52,050.

WARRANTS

WARRANTS	3 Months Ended
WARRANTS	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	'
	NOTE 16. WARRANTS

	At March 31, 2014, 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 3.51 years.

	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 originally were 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 June 12, 2012 Merger Agreement between the Company and Net Element. . Each warrant entitles the holder 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 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 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	3 Months Ended
INCOME TAXES	Mar. 31, 2014
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	NOTE 17. INCOME TAXES

	The Company recorded income tax expense of $39,933 and $0 from its foreign subsidiary in the first quarter of 2014 and 2013 respectively. There is no U.S. current or deferred income tax provision for the three months ended March 31, 2014.

	The Company has a full valuation allowance on its net deferred tax assets. The Company’s net deferred tax assets primarily are composed of net operating loss carryforwards (“NOLs”) and basis differences in goodwill and intangibles. NOLs total approximately $33.9 million, $22.0 million and $11.3 million for federal, state, and foreign, respectively, at March 31, 2014. The Company's ability to utilize pre-Merger NOL carryforwards to reduce future federal tax income and federal income tax of the Company is subject to various limitations under Internal Revenue Code ("IRC") Section 382.

	In order to fully utilize the net deferred tax assets, the Company will need to generate sufficient taxable income in future years to utilize its NOLs prior to their expiration. ASC Topic 740, “Income Taxes ”, requires the Company to analyze all positive and negative evidence to determine if, based on the weight of available evidence, the Company is more likely than not to realize the benefit of the net deferred tax assets. The recognition of the net deferred tax assets and related tax benefits is based upon the Company’s conclusions regarding, among other considerations, estimates of future earnings based on information currently available, current and anticipated customers, contracts and product introductions, as well as historical operating results and certain tax planning strategies.

	The Company has evaluated the available evidence and the likelihood of realizing the benefit of its net deferred tax assets. From its evaluation, the Company has concluded that based on the weight of available evidence, it is not more likely than not that the Company will realize any of the benefit of its net deferred tax assets. Accordingly, at March 31, 2014, the Company maintained a full valuation allowance totaling approximately $17.8 million.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
SUBSEQUENT EVENTS	Mar. 31, 2014
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	NOTE 18. SUBSEQUENT EVENTS

	Notes Payable

	On April 7, 2014 the Company repaid its two notes payable to RBL Capital corp. with a combined aggregate principal balance of $2,350,956 for $2,601,843, inclusive of interest and prepayment fees.

	On April 17, 2014 the Company restructured its indebtedness to MBF, whereby the outstanding 9.75% note payable balance of approximately $5.0 million was exchanged for (i) a $3.0 million note with a stated interest rate of 12.0% maturing on April 2018, (ii) 100,000 shares of the Company’s common stock and (iii) a cash payment of $400,000.

	On April 17, 2014 the Company restructured its note with CSNY, whereby the interest rate on its outstanding indebtedness was reduced from $15.0% to 12.0%, with interest-only payments for a 24-month period, followed by principal and interest payments thereafter.

	On April 21, 2014, the Company issued a $11,200,000 Secured Convertible Senior Promissory Note with Cayman Invest, S.A. (“CI”). The Note is non-interest bearing. However, upon an event of default, the Note will accrue simple interest at 12% per annum. Prior to March 31, 2015, the Note automatically converts into common shares of the Company equal to 15% of the then outstanding shares upon the occurrence of a “Qualified Financing” in which the Company receives financing of at least $10 million from a third party. Absent a Qualified Financing, CI has the option, at or after March 31, 2015, to convert the Note into common shares of the Company equal to 15% of the then outstanding shares of the Company. Unless converted, the outstanding amount under the Note will be due and payable on the earlier of March 31, 2015 and the closing of a sale of a majority of the ownership of the Company or any voluntary or involuntary liquidation, dissolution or winding up of the Company. Under the Note, the Company agreed to take all actions to have the obligations under the Note positioned as a senior security interest secured by all assets of the Company and by those payment processing portfolios owned by the Company as of the date of the Note.

	Litigation

	In April 2014, the Company and entered into a Settlement Agreement with C&H, Holder, and Costanzo Company, and filed a Final Order of Dismissal.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	Mar. 31, 2014
Accounting Policies [Abstract]	'
Basis of Accounting, Policy [Policy Text Block]	'
	Basis of Presentation

	The accompanying condensed consolidated financial statements of Net Element have been prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and reflect all adjustments, which are of a normal and recurring nature, that are, in the opinion of management, necessary for a fair presentation of the condensed consolidated financial position and results of operations for the related periods. All significant intercompany transactions and balances have been eliminated in consolidation. The consolidated results of operations for any interim periods are not necessarily indicative of results to be expected for the full year.

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. Prior to January 1, 2014, all U.S. non-interest bearing transaction accounts were fully insured, regardless of the balance in the account, at all FDIC insured institutions. At March 31, 2014, the bank balances exceed FDIC insured institution limits of $250,000 by approximately $281,600. The bank balances at December 31, 2013 did not exceed FDIC limits.

	The Company maintains approximately $252,400 and $45,519 in uninsured Russian, Ukraine and Cayman Islands bank accounts as of March 31, 2014 and December 31, 2013, respectively.

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 a 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 $474,015 in terminals and Apple® iPads and related equipment purchased of which $284,934 has been placed with merchants. Amortization of these terminals amounted to $24,029 and $0 for the three months ended March 31, 2014 and 2013, respectively.

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 the Company’s 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 FDR breached its obligations pursuant to a 2006 Marketing Agreement. Because the FDR case was dismissed, management has decided that the possibility of recovering fees is 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 groups (“ISGs”) 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 March 31, 2014 the residual commission payable to ISGs and independent sales agents was $351,564 and was $451,374 at December 31, 2013. The company pays commission on annual fees it defers over twelve months. The Company pays its agents these commissions, 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. As of March 31, 2014 and December 31, 2013 the Company had $86,744 and $115,700 respectively, in deferred commissions. 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 ISG’s for the establishment of new merchant relationships. Capitalized customer acquisition costs represent incremental, direct customer acquisition costs that are recoverable through gross margins (future net cash flows) associated with merchant contracts. The up-front payment to the ISG 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 three months ended March 31, 2014, the Company recorded $86,779 in additional capitalized customer acquisition costs and $43,542 in related additional amortization. The balance of customer acquisition costs, net of amortization is $423,748 and $380,511 at March 31, 2014 and December 31, 2013, respectively, and reflected in intangible assets in the accompanying consolidated balance sheets.

Fair Value Measurement, Policy [Policy Text Block]	'
	Fair Value Measurements

	The Company’s financial instruments consist primarily of cash, accounts receivable, merchant portfolios, notes receivable, accounts payable and debt instruments. The carrying values of cash, 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 debt of $21 million as of March 31, 2014 and $21 million at 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 business combinations 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 $4,843,479 for the three months ended March 31, 2014. Of this, $4,038,333 was derived from processing of Visa®, MasterCard®, Discover® and American Express® card transactions and $748,599 was derived from processing of mobile electronic payments.

	The credit card processing revenues were derived from merchant customer transactions, which are processed primarily by two “third-party” processors. For the three months ended March 31, 2014, the Company processed 51% of its total revenue with Cynergy Data, and 30% with National Processing Company (NPC).

	The mobile electronic payment revenues were derived from merchant customer transactions, which are processed primarily by two mobile operators. For the three months ended March 31, 2014, the Company processed 7% of its total revenue with Beeline (OJSC Vimpelcom), and 7% 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 Russia, the functional currency of which is Russian Ruble and in Ukraine, the functional currency of which is Ukraine Hryvnia, where the Company generates service fee revenues and interest income and incurs product development, engineering, website development, interest expense, 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.

	The Company’s revenues for the three-month periods ended March 31, 2014 and 2013 are principally derived from the following sources:

	Service Fees. Service fees are generated primarily from TOT Money’s mobile payment processing and service fees.

	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 accounts for bundled transactions in accordance with 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 also may 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 annual 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 condensed consolidated statement of operations and comprehensive loss.

	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 condensed consolidated financial statements of TOT Money as the collections 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 March 31, 2014 and 2013, the Company had 8,390,000 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. During the three months ended March 31, 2014 and 2013, the Company did not recognize any charges for impairment of goodwill and intangible assets.

Income Tax, Policy [Policy Text Block]	'
	Income Taxes

	The Company accounts 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 condensed consolidated 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.

	The Company recognizes net deferred tax assets to the extent that management believes these assets are more likely than not to be realized. In making such a determination, management considers 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 management determines that the Company would be able to realize its deferred tax assets in the future in excess of their net recorded amount, an adjustment would be made 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 March 31, 2014. 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

	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. The adoption of this guidance did not have a material impact on the Company’s 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 adoption of this guidance did not have a material impact on the Company’s condensed consolidated financial statements.

MERGER_AND_ACQUISITION_TRANSAC1

MERGER AND ACQUISITION TRANSACTIONS (Tables)	3 Months Ended
MERGER AND ACQUISITION TRANSACTIONS (Tables)	Mar. 31, 2014
Business Combinations [Abstract]	'
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	'
	The following table summarizes the fair value of consideration paid and the allocation of purchase price to the fair value of tangible and intangible assets and liabilities, including the estimated useful lives of acquired assets:

		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

NOTES_RECEIVABLE_Tables

NOTES RECEIVABLE (Tables)	3 Months Ended
NOTES RECEIVABLE (Tables)	Mar. 31, 2014
Receivables [Abstract]	'
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	'
	As of March 31, 2014 and December 31, 2013 the Company had net notes receivable as follows:

		March 31, 2014		December 31, 2013
	Note receivable from former general director	$	-	$	1,834,302
	Less: Allowance for uncollectible note receivable		-		-1,834,302
	Total note receivable, net	$	-	$	-

FIXED_ASSETS_Tables

FIXED ASSETS (Tables)	3 Months Ended
FIXED ASSETS (Tables)	Mar. 31, 2014
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	March 31,		December 31,
		(in years)	2014		2013 (as
					restated)
	Furniture and equipment	10-Mar	$	222,051	$	236,432
	Computers	5-Feb		254,280		254,280
	Leasehold improvements*			-		-
	Total			476,331		490,712

	Less: Accumulated depreciation			-361,329		-353,445

	Total fixed assets, net		$	115,002	$	137,267

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

INTANGIBLE_ASSETS_Tables

INTANGIBLE ASSETS (Tables)	3 Months Ended
INTANGIBLE ASSETS (Tables)	Mar. 31, 2014
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 March 31, 2014:

				Remaining
				Useful Life in			Accumulated
		Cost		Months			Amortization		Net

	TOT BPS, LLC	$	1,852,851			15	$	1,161,054	$	691,797
	TOT HPS, LLC		102,050			15		63,944		38,106
	TOT FBS, LLC		968,010			22		441,466		526,543
		$	2,922,911				$	1,666,465	$	1,256,446

Schedule of Finite-Lived Intangible Assets [Table Text Block]	'
	Shown below are the details of intangible assets as of March 31, 2014:

		IP Sofware			Portfolios		Client Acquisition		Covenant Not to		Total
		IP Sofware			Portfolios		Costs		Compete		Total
	Balance at December 31, 2013	$	243,825		$	1,698,421	$	380,511	$	641,667	$	2,964,424
	Additions		-			-		86,779		-		86,779
	Amortization		-7,461			-441,975		-43,542		-70,000		-562,978
	Impairment		-			-		-		-		-
	Balance at March 31, 2014	$	236,364		$	1,256,446	$	423,748	$	571,667	$	2,488,225

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	'
	The following table presents the estimated aggregate future amortization expense of other intangible assets:

	2,014	$	1,461,470
	2,015		599,313
	2,016		222,919
	2,017		91,713
	2,018		112,810
	Total	$	2,488,225

ACCRUED_EXPENSES_Tables

ACCRUED EXPENSES (Tables)	3 Months Ended
ACCRUED EXPENSES (Tables)	Mar. 31, 2014
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 March 31, 2014 and December 31, 2013.

		March 31,		December 31,
		2014		2013
	Accrued professional fees	$	777,388	$	711,340
	Short Term Loan Advances		41,767		240,000
	Accrued income and VAT taxes		80,589		350,743
	Promotional expense		96,390		261,311
	Accrued interest		240,624		196,396
	Accrued payroll		104,594		282,804
	Accrued bonus		1,343,780		1,265,597
	Other accrued expenses		131,860		176,772
		$	2,816,992	$	3,484,963

LONG_TERM_DEBT_Tables

LONG TERM DEBT (Tables)	3 Months Ended
LONG TERM DEBT (Tables)	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Schedule of Long-term Debt Instruments [Table Text Block]	'
	The Company assumed certain debt obligations in connection with its April 16, 2013 acquisition of Unified Payments.

		March 31,		December
		2014		31, 2013
	MBF Merchant Capital LLC	$	5,000,584		5,000,584
	RBL Capital Group, LLC		2,353,604		2,565,306
	Capital Sources		2,300,000		2,300,000
	Georgia Notes		11,546,583		11,098,066
	Other		-		107,668
	Subtotal	$	21,209,771	$	21,071,624

	Less Current Portion		1,566,423		3,816,093

	Long Term Debt	$	19,634,348	$	17,255,531

Schedule of Maturities of Long-term Debt [Table Text Block]	'
	Scheduled principal maturities on all indebtedness as of March 31, 2014 are as follows

	Year ended December 31, 2014	$	1,566,423
	Year ended December 31, 2015		1,690,300
	Year ended December 31, 2016		1,442,511
	Year ended December 31, 2017		15,268,371
	Year ended December 31, 2018		2,954,583
	Total	$	22,922,188
	Less Unamortized Debt Discount		-1,721,417
	Balance as of March 31, 2014	$	21,200,771

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Tables)	3 Months Ended
COMMITMENTS AND CONTINGENCIES (Tables)	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	'
	Total future lease payments are as follows:

	2014	$	166,860
	2015		224,064
	2016		233,376
	2017		-
	2018		-
	Total	$	624,300

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Significant accounting policies [Line Items]	'	'	'
Cash Fdic Insured Amount Cash Noninterest Bearing Transaction Accounts	$250,000	'	'
Cash Insured Amount, Exceed FDIC Limits	281,600	'	'
Foreign bank balances that are not FDIC insured	252,400	'	45,519
Terminals Acquired Amount, Net	474,015	'	'
Terminals Acquired Amount, Net Held With Merchants	284,934	'	'
Terminals Amortization Amount Net	24,029	0	'
Accrued Sales Commission, Current	351,564	'	451,374
Deferred Sales Commission	86,744	'	115,700
Impairment of Intangible Assets, Finite-lived	0	'	872,354
Property, Plant and Equipment, Depreciation Methods	'straight-line	'	'
Intangible Assets, Useful life	'24 months	'	'
Finite-Lived Intangible Assets, Amortization Method	'straight-line	'	'
Finite-lived Intangible Assets Acquired	86,779	'	'
Amortization of Intangible Assets	562,978	0	'
Finite-Lived Intangible Assets, Net, Total	2,488,225	'	2,964,424
Revenue, Net	4,843,479	868,150	'
Warrants issued and outstanding that are anti-dilutive in effect	8,390,000	8,390,000	'
Long-term Debt, Total	21,209,771	'	21,071,624
Card Transactions [Member]	'	'	'
Significant accounting policies [Line Items]	'	'	'
Revenue, Net	4,038,333	'	'
Card Transactions [Member] \| Cynergy Data [Member]	'	'	'
Significant accounting policies [Line Items]	'	'	'
Concentration Risk, Percentage	51.00%	'	'
Card Transactions [Member] \| National Processing Company [Member]	'	'	'
Significant accounting policies [Line Items]	'	'	'
Concentration Risk, Percentage	30.00%	'	'
Mobile Electronics Payments [Member]	'	'	'
Significant accounting policies [Line Items]	'	'	'
Revenue, Net	748,599	'	'
Mobile Electronics Payments [Member] \| Beeline Member [Member]	'	'	'
Significant accounting policies [Line Items]	'	'	'
Concentration Risk, Percentage	7.00%	'	'
Mobile Electronics Payments [Member] \| MTS [Member]	'	'	'
Significant accounting policies [Line Items]	'	'	'
Concentration Risk, Percentage	7.00%	'	'
Capitalized Patent Cost [Member]	'	'	'
Significant accounting policies [Line Items]	'	'	'
Intangible Assets, Useful life	'5 years	'	'
Customer Acquiaition Cost [Member]	'	'	'
Significant accounting policies [Line Items]	'	'	'
Finite-lived Intangible Assets Acquired	86,779	'	'
Amortization of Intangible Assets	43,542	'	'
Finite-Lived Intangible Assets, Net, Total	$423,748	'	$380,511
Maximum [Member]	'	'	'
Significant accounting policies [Line Items]	'	'	'
Intangible Assets, Useful life	'5 years	'	'
Maximum [Member] \| Computers And Software [Member]	'	'	'
Significant accounting policies [Line Items]	'	'	'
Property, Plant and Equipment, Useful Life	'5 years	'	'
Maximum [Member] \| Furniture and Fixtures [Member]	'	'	'
Significant accounting policies [Line Items]	'	'	'
Property, Plant and Equipment, Useful Life	'10 years	'	'
Minimum [Member]	'	'	'
Significant accounting policies [Line Items]	'	'	'
Intangible Assets, Useful life	'3 years	'	'
Minimum [Member] \| Computers And Software [Member]	'	'	'
Significant accounting policies [Line Items]	'	'	'
Property, Plant and Equipment, Useful Life	'2 years	'	'
Minimum [Member] \| Furniture and Fixtures [Member]	'	'	'
Significant accounting policies [Line Items]	'	'	'
Property, Plant and Equipment, Useful Life	'3 years	'	'

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 $)	3 Months Ended
GOING CONCERN CONSIDERATIONS (Details Textual) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Going Concern Considerations [Line Items]	'	'
Net cash used in operating activities	$3,600,000	'
Accumulated deficit	-122,524,155	-118,930,828
Working capital	6,200,000	'
Additional Financing	$10,000,000	'

MERGER_AND_ACQUISITION_TRANSAC2

MERGER AND ACQUISITION TRANSACTIONSS (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Apr. 16, 2013
MERGER AND ACQUISITION TRANSACTIONSS (Details) (USD $)	Mar. 31, 2014	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	6,671,750	17,000,000
Total Purchase Price Allocation	'	'	$21,200,000

MERGER_AND_ACQUISITION_TRANSAC3

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

3 Months Ended

12 Months Ended

3 Months Ended

12 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Apr. 16, 2013

Jun. 30, 2013

Dec. 31, 2013

Apr. 16, 2013

Dec. 31, 2013

Mar. 31, 2014

Jun. 18, 2013

Mr. Firer [Member]

Mr. Wolberg [Member]

TOT Group [Member]

Unified Payments, LLc [Member]

Aptito [Member]

Aptito, LLC [Member]

TOT Group [Member]

Business Acquisition [Line Items]

Percentage of Common Stock Issued And Outstanding

10.00%

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

17,000,000

918,750

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

98,964

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

569,043

Net Income (Loss) Attributable to Parent

-3,593,328

-3,233,831

1,081,218

112,602

Goodwill, Impairment Loss

11,200,000

Revenue, Net

4,843,479

868,150

5,662,740

55,091

Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners

10.00%

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 Textual) (USD $)	3 Months Ended		12 Months Ended
DISCONTINUED OPERATIONS (Details Textual) (USD $)	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'	'
Capital Contribution	$1,259,000	'	$1,259,000
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures, Total	0	'	46,113
Revenues	'	6,365	'
Loss Before Income taxes	'	370,942	'
Income Tax Benefit	'	0	'
Net Loss from Discontinued Operations	0	-370,942	'
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 $)	Mar. 31, 2014	Dec. 31, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'
Note receivable from former general director	$0	$1,834,302
Less: Allowance for uncollectible note receivable	0	-1,834,302
Total note receivable, net	$0	$0

NOTES_RECEIVABLE_Details_Textu

NOTES RECEIVABLE (Details Textual) (USD $)	12 Months Ended		12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2013
	TOT Money (Member)	TOT Money (Member)	Settlement Agreement [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'
Advances to Aggregators settlement agreement Reduction	'	'	$3.80
Percentage of reserves on these aggregator advances	10.00%	'	'
Allowance for Notes, Loans and Financing Receivable, Noncurrent	'	$3.80	'

ACCOUNTS_RECEIVABLE_AND_ADVANC1

ACCOUNTS RECEIVABLE AND ADVANCES TO AGGREGATORS (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Schedule of accounts receivable and advances to aggregators [Line Items]	'	'
Accounts receivable	$6,492,892	'
Provision for Loan Losses Expensed	101,711	406,585
Allowance for Doubtful Accounts Receivable, Current	103,031	'
Russian Mobile Operators [Member]	'	'
Schedule of accounts receivable and advances to aggregators [Line Items]	'	'
Accounts receivable	4,905,352	'
TOT Group Inc [Member]	'	'
Schedule of accounts receivable and advances to aggregators [Line Items]	'	'
Accounts receivable	$1,585,864	'

FIXED_ASSETS_Details

FIXED ASSETS (Details) (USD $)

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Furniture and equipment [Member]

Computers [Member]

Leasehold improvements [Member]

Maximum [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

$476,331

$490,712

$222,051

$236,432

$254,280

[1]

Less: Accumulated depreciation

-361,329

-353,445

Total fixed assets, net

$115,002

$137,267

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 $)	3 Months Ended
FIXED ASSETS (Details Textual) (USD $)	Mar. 31, 2014	Mar. 31, 2013
Property, Plant and Equipment [Line Items]	'	'
Depreciation	$28,721	$35,710

INTANGIBLE_ASSETS_Details

INTANGIBLE ASSETS (Details) (USD $)	3 Months Ended
INTANGIBLE ASSETS (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]	'	'
Intangible Assets, Remaining Useful Life in Months	'24 months	'
Intangible Assets, Net	$2,488,225	$2,964,424
Merchant Portfolios [Member]	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Intangible Assets, Cost	2,922,911	'
Intangible Assets, Accumulated Amortization	1,666,465	'
Intangible Assets, Net	1,256,446	1,698,421
Merchant Portfolios [Member] \| TOT BPS LLC [Member]	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Intangible Assets, Cost	1,852,851	'
Intangible Assets, Remaining Useful Life in Months	'15 months	'
Intangible Assets, Accumulated Amortization	1,161,054	'
Intangible Assets, Net	691,797	'
Merchant Portfolios [Member] \| TOT HPS LLC [Member]	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Intangible Assets, Cost	102,050	'
Intangible Assets, Remaining Useful Life in Months	'15 months	'
Intangible Assets, Accumulated Amortization	63,944	'
Intangible Assets, Net	38,106	'
Merchant Portfolios [Member] \| TOT FBS LLC [Member]	'	'
Finite-Lived Intangible Assets [Line Items]	'	'
Intangible Assets, Cost	968,010	'
Intangible Assets, Remaining Useful Life in Months	'22 months	'
Intangible Assets, Accumulated Amortization	441,466	'
Intangible Assets, Net	$526,543	'

INTANGIBLE_ASSETS_Details_1

INTANGIBLE ASSETS (Details 1) (USD $)	3 Months Ended		12 Months Ended
INTANGIBLE ASSETS (Details 1) (USD $)	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]	'	'	'
Balance at begining of the period	$2,964,424	'	'
Additions	86,779	'	'
Amortization	-562,978	0	'
Impairment	0	'	-872,354
Balance at end of the period	2,488,225	'	2,964,424
IP Software [Member]	'	'	'
Finite-Lived Intangible Assets [Line Items]	'	'	'
Balance at begining of the period	243,825	'	'
Additions	0	'	'
Amortization	-7,461	'	'
Impairment	0	'	'
Balance at end of the period	236,364	'	'
Portfolios [Member]	'	'	'
Finite-Lived Intangible Assets [Line Items]	'	'	'
Balance at begining of the period	1,698,421	'	'
Additions	0	'	'
Amortization	-441,975	'	'
Impairment	0	'	'
Balance at end of the period	1,256,446	'	'
Client Acquisition Costs [Member]	'	'	'
Finite-Lived Intangible Assets [Line Items]	'	'	'
Balance at begining of the period	380,511	'	'
Additions	86,779	'	'
Amortization	-43,542	'	'
Impairment	0	'	'
Balance at end of the period	423,748	'	'
Covenent Not to Compete [Member]	'	'	'
Finite-Lived Intangible Assets [Line Items]	'	'	'
Balance at begining of the period	641,667	'	'
Additions	0	'	'
Amortization	-70,000	'	'
Impairment	0	'	'
Balance at end of the period	$571,667	'	'

INTANGIBLE_ASSETS_Details_2

INTANGIBLE ASSETS (Details 2) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Schedule Of Expected Amortization Expense [Line Items]	'	'
2014	$1,461,470	'
2015	599,313	'
2016	222,919	'
2017	91,713	'
2018	112,810	'
Total	$2,488,225	$2,964,424

INTANGIBLE_ASSETS_Details_Text

INTANGIBLE ASSETS (Details Textual) (USD $)	3 Months Ended
INTANGIBLE ASSETS (Details Textual) (USD $)	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]	'	'	'
Amortization of Intangible Assets	$562,978	$0	'
Finite-Lived Intangible Assets, Net, Total	2,488,225	'	2,964,424
Finite-Lived Intangible Assets, Amortization Method	'straight-line	'	'
Finite-Lived Intangible Asset, Useful Life	'24 months	'	'
TOT Group [Member]	'	'	'
Finite-Lived Intangible Assets [Line Items]	'	'	'
Finite-Lived Intangible Assets, Net, Total	$1,916,558	'	'

SHORT_TERM_LOANS_Details_Textu

SHORT TERM LOANS (Details Textual)	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2012	Dec. 31, 2012	Dec. 31, 2012	Dec. 31, 2012	Dec. 31, 2012	Dec. 31, 2012	Dec. 31, 2012
	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]	Credit Agreement With Alfa Bank [Member]	Credit Agreement With Alfa Bank [Member]
			USD ($)	RUB	Maximum [Member]	Maximum [Member]	Minimum [Member]	Minimum [Member]	USD ($)	RUB
					USD ($)	RUB	USD ($)	RUB
Debt Instrument [Line Items]	'	'	'	'	'	'	'	'	'	'
Short-term Debt	$7,421,795	$8,478,810	'	'	'	'	'	'	'	'
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%	'	'	'	'	'	'
Line of Credit Facility, Expiration Date	'	'	20-May-14	20-May-14	'	'	'	'	20-May-14	20-May-14
Financing rate in factoring agreement, minimum	'	'	9.70%	9.70%	'	'	'	'	'	'
Debt Instrument, Interest Rate, Effective Percentage Rate Range, Maximum	'	'	11.95%	11.95%	'	'	'	'	'	'
Factoring fee, per account receivable	'	'	'	'	3.28	100	0.33	10	'	'
Line of Credit Facility, Amount Outstanding	0	0	'	'	'	'	'	'	1,800,000	53,900,000
Debt Instrument, Interest Rate, Stated Percentage	'	'	'	'	'	'	'	'	3.55%	3.55%
Restricted Cash and Cash Equivalents	'	'	'	'	'	'	'	'	$1,800,000	55,000,000
Interest rate for short term loans, maximum	'	'	'	'	'	'	'	'	14.00%	14.00%

ACCRUED_EXPENSES_Details

ACCRUED EXPENSES (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Accounts Payable and Accrued Liabilities [Line Items]	'	'
Accrued professional fees	$777,388	$711,340
Short Term Loan Advances	41,767	240,000
Accrued income and VAT taxes	80,589	350,743
Promotional expense	96,390	261,311
Accrued interest	240,624	196,396
Accrued payroll	104,594	282,804
Accrued bonus	1,343,780	1,265,597
Other accrued expenses	131,860	176,772
Accrued expenses	$2,816,992	$3,484,963

ACCRUED_EXPENSES_Details_Textu

ACCRUED EXPENSES (Details Textual) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Accounts Payable and Accrued Liabilities [Line Items]	'	'
Accrued Bonuses, Current	$1,343,780	$1,265,597
TOT Group Subsidiaries [Member]	'	'
Accounts Payable and Accrued Liabilities [Line Items]	'	'
Accrued Bonuses, Current	$1,300,000	$1,300,000

LONG_TERM_DEBT_Details

LONG TERM DEBT (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]	'	'
Long-term Debt	$21,209,771	$21,071,624
Less Current Portion	1,566,423	3,816,093
Long Term Debt	19,634,348	17,255,531
MBF Merchant Capital LLC [Member]	'	'
Debt Instrument [Line Items]	'	'
Long-term Debt	5,000,584	5,000,584
RBL Capital Group, LLC [Member]	'	'
Debt Instrument [Line Items]	'	'
Long-term Debt	2,353,604	2,565,306
Capital Sources [Member]	'	'
Debt Instrument [Line Items]	'	'
Long-term Debt	2,300,000	2,300,000
Georgia Notes [Member]	'	'
Debt Instrument [Line Items]	'	'
Long-term Debt	11,546,583	11,098,066
Other [Member]	'	'
Debt Instrument [Line Items]	'	'
Long Term Debt	$0	$107,668

LONG_TERM_DEBT_Details_1

LONG TERM DEBT (Details 1) (USD $)	Mar. 31, 2014
Debt Instrument [Line Items]	'
Year ended December 31, 2014	$1,566,423
Year ended December 31, 2015	1,690,300
Year ended December 31, 2016	1,442,511
Year ended December 31, 2017	15,268,371
Year ended December 31, 2018	2,954,583
Total	22,922,188
Less Unamortized Debt Discount	-1,721,417
Balance as of March 31, 2014	$21,200,771

LONG_TERM_DEBT_Details_Textual

LONG TERM DEBT (Details Textual) (USD $)	3 Months Ended
LONG TERM DEBT (Details Textual) (USD $)	Mar. 31, 2014
MBF Merchant Capital LLC [Member] \| Notes Payable [Member]	'
Debt Instrument [Line Items]	'
Debt Instrument, Interest Rate, Stated Percentage	9.75%
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid	$3,641,767
Debt Instrument, Maturity Date	15-Mar-16
Debt Instrument, Periodic Payment	82,371
RBL Capital Group LLC [Member] \| Notes Payable One [Member]	'
Debt Instrument [Line Items]	'
Debt Instrument, Interest Rate, Stated Percentage	15.64%
Debt Instrument, Periodic Payment	77,560
Debt Instrument Maximum Periodic Payment Upon Failure Of Terms	125,000
Debt Instrument, Payment Terms	'RBL has waived the requirement for monthly payments to increase to $125,000 in the event that the cash flow ratio at the end of any calendar month, as defined, is less than 2:1 for two consecutive months.
RBL Capital Group LLC [Member] \| Notes Payable Two [Member]	'
Debt Instrument [Line Items]	'
Debt Instrument, Interest Rate, Stated Percentage	15.64%
Debt Instrument, Periodic Payment	84,584
Debt Instrument Maximum Periodic Payment Upon Failure Of Terms	125,000
Debt Instrument, Payment Terms	'RBL has waived the requirement for monthly payments to increase to $125,000 in the event that the cash flow ratio at the end of any calendar month, as defined, is less than 1.7:1 for three consecutive months.
Capital Sources of NY [Member] \| Notes Payable [Member]	'
Debt Instrument [Line Items]	'
Notes Payable, Total	2,300,000
Debt Instrument, Interest Rate, Stated Percentage	15.00%
Debt Instrument, Periodic Payment	111,519
Debt Instrument, Frequency of Periodic Payment	'interest-only payments at 15.0% through February 1, 2014, followed by 24 equal principal and interest installments of $111,519
Georgia Notes, LLC [Member]	'
Debt Instrument [Line Items]	'
Debt Instrument, Interest Rate, Stated Percentage	8.00%
Debt Instrument, Maturity Date	1-Jan-17
Debt Instrument, Face Amount	13,300,000
Long-term Debt, Gross	$11,546,584

COMMITMENTS_AND_CONTINGENCIES_1

COMMITMENTS AND CONTINGENCIES (Details) (USD $)	Mar. 31, 2014
Commitments And Contingencies [Line Items]	'
2014	$166,860
2015	224,064
2016	233,376
2017	0
2018	0
Total	$624,300

COMMITMENTS_AND_CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details Textual)	Mar. 31, 2014	Mar. 17, 2014	Mar. 17, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013
	USD ($)	OOO-RM Invest [Member]	OOO-RM Invest [Member]	TOT Payments [Member]	TOT Payments [Member]	TOT Payments [Member]	Office Space In Miami Florida [Member]	Office Space In Miami Florida [Member]	Office Space In Russia And Ukraine [Member]	Office Space In Russia And Ukraine [Member]
		Subsequent Event [Member]	Subsequent Event [Member]	USD ($)	Maximum [Member]	Minimum [Member]	USD ($)	USD ($)	USD ($)	USD ($)
		USD ($)	RUB		USD ($)	USD ($)
Commitments And Contingencies [Line Items]	'	'	'	'	'	'	'	'	'	'
Lease Expiration Date	'	'	'	'	'	'	31-Dec-16	'	'	'
Operating Leases Future Monthly Minimum Payments Remainder Of Fiscal Year	'	'	'	'	'	'	$16,800	'	'	'
Operating Leases, Future Minimum Payments, Remainder of Fiscal Year	166,860	'	'	'	'	'	134,400	'	'	'
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	'	900	'
Operating Leases, Future Minimum Payments, Due in Two Years	224,064	'	'	'	'	'	222,264	'	'	'
Operating Leases Future Monthly Minimum Payments Due In Three Years	'	'	'	'	'	'	19,448.10	'	'	'
Operating Leases, Future Minimum Payments, Due in Three Years	233,376	'	'	'	'	'	233,377.20	'	'	'
Operating Leases, Rent Expense, Net, Total	'	'	'	'	'	'	110,830	113,854	15,026	145,015
Loss Contingency, Damages Sought, Value	'	50,000,000	'	10,000,000	'	'	'	'	'	'
Amount Of Unpaid Residual Income	'	'	'	'	250,000	150,000	'	'	'	'
Debt Instrument, Face Amount	'	'	600,000,000	'	'	'	'	'	'	'
Equity Method Investment, Ownership Percentage	'	'	30.00%	'	'	'	'	'	'	'

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details Textual) (USD $)	3 Months Ended	12 Months Ended					3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Apr. 16, 2013	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2013	Mar. 31, 2014	Dec. 31, 2013
	Mar. 31, 2014	Dec. 31, 2013	Promissory Note Payable [Member]	K 1 Holding Limited [Member]	TOT Group [Member]	TOT Group [Member]	T1T Lab [Member]	T1T Lab [Member]	Enerfund LLC [Member]	T1T Group, LLC [Member]	Music1 Russia [Member]
Related Party Transaction [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Capital Contribution	$1,259,000	$1,259,000	'	'	'	'	'	'	'	'	'
Disposal Group Including Discontinued Operation Liabilities Assumed	'	'	'	'	'	'	2,162,158	'	'	'	'
Other Notes Payable, Current	'	'	'	2,000,000	'	'	'	'	'	'	'
Intercompany Loans Forgiveness	'	'	'	'	'	'	9,254,725	'	'	'	'
Equity Method Investment, Ownership Percentage	'	'	'	'	'	70.00%	'	'	'	90.00%	'
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	'	'	'	'	'	'	'	'	'	'	33.00%
Percentage Of Restricted Common Stock Shares Initially To Be Issued	'	'	4.00%	'	'	'	'	'	'	'	'
Due to Related Parties, Current	$318,300	$1,451,357	'	'	'	'	'	$1,149,391	$301,966	'	'
Business Acquisition, Percentage of Voting Interests Acquired	10.00%	'	'	'	10.00%	'	'	'	'	'	'

STOCKHOLDERS_EQUITY_Details_Te

STOCKHOLDERS' EQUITY (Details Textual) (USD $)

3 Months Ended

12 Months Ended

3 Months Ended

Mar. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Mar. 31, 2013

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]

Plan 2013 [Member]

Common Stock [Member]

Shares Acquired Outside Of Plan [Member]

Class of Warrant or Right [Line Items]

Stock Issued During Period, Shares, New Issues

15,000

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

$356,250

$52,050

Stock Repurchase Program, Authorized Amount

2,500,000

Stock repurchase program, shares repurchased during period

169,022

167,220

137,207

Stock repurchase program, value of shares repurchased during period

477,936

472,644

Stock repurchase program, average cost per share acquired

$2.83

Noncontrolling Interest, Ownership Percentage by Parent

30.00%

100.00%

10.00%

Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners

70.00%

10.00%

Common Stock Issued And Outstanding Percentage

4.50%

2.00%

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

Stock Issued During Period Value Acquisitions1

$13,305,817

WARRANTS_Details_Textual

WARRANTS (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2014	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 6 months 4 days	'	'	'	'	'
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Exercise Price	$7.50	'	'	'	'	'

INCOME_TAXES_Details_Textual

INCOME TAXES (Details Textual) (USD $)	3 Months Ended
INCOME TAXES (Details Textual) (USD $)	Mar. 31, 2014	Mar. 31, 2013
Schedule of Income Tax Disclosure [Line Items]	'	'
Deferred Tax Assets, Valuation Allowance	$17,800,000	'
Income Tax Expense (Benefit)	39,933	0
State and Local Jurisdiction [Member]	'	'
Schedule of Income Tax Disclosure [Line Items]	'	'
Operating Loss Carryforwards	22,000,000	'
Foreign Tax Authority [Member]	'	'
Schedule of Income Tax Disclosure [Line Items]	'	'
Operating Loss Carryforwards	11,300,000	'
Domestic Tax Authority [Member]	'	'
Schedule of Income Tax Disclosure [Line Items]	'	'
Operating Loss Carryforwards	$33,900,000	'

SUBSEQUENT_EVENTS_Details_Text

SUBSEQUENT EVENTS (Details Textual) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Apr. 21, 2014	Apr. 17, 2014	Apr. 07, 2014	Apr. 17, 2014
			MBF Merchant Capital LLC [Member]	MBF Merchant Capital LLC [Member]	RBL Capital Group LLC [Member]	RBL Capital Group LLC [Member]	Notes Payable [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]
							Capital Sources of NY [Member]	Secured Convertible Senior Promissory Note [Member]	MBF Merchant Capital LLC [Member]	RBL Capital Group LLC [Member]	Notes Payable [Member]
								Cayman Invest, SA [Member]			Capital Sources of NY [Member]
Subsequent Event [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Long-term Debt, Total	$21,209,771	$21,071,624	$5,000,584	$5,000,584	$2,353,604	$2,565,306	'	'	'	$2,350,956	'
Repayments of Long-term Debt, Total	'	'	'	'	'	'	'	'	'	2,601,843	'
Debt Conversion, Original Debt, Interest Rate of Debt	'	'	'	'	'	'	'	'	9.75%	'	'
Debt Conversion, Original Debt, Amount	'	'	'	'	'	'	'	'	5,000,000	'	'
Debt Conversion, Converted Instrument, Amount	'	'	'	'	'	'	'	'	3,000,000	'	'
Debt Conversion, Converted Instrument, Rate	'	'	'	'	'	'	'	'	12.00%	'	'
Debt Conversion, Converted Instrument, Shares Issued	'	'	'	'	'	'	'	'	100,000	'	'
Repayments of Debt	'	'	'	'	'	'	'	'	400,000	'	'
Debt Instrument, Interest Rate, Stated Percentage	'	'	'	'	'	'	15.00%	'	'	'	12.00%
Debt Instrument, Face Amount	'	'	'	'	'	'	'	11,200,000	'	'	'
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	'	'	'