Mullen Automotive (MULN) 10-K 2 Apr 18 2017 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Mar. 29, 2018	Jun. 30, 2017
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Entity Registrant Name	Net Element, Inc.
Entity Central Index Key	1,499,961
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 8,996,491
Trading Symbol	NETE
Entity Common Stock, Shares Outstanding		3,862,352

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash	$ 11,285,669	$ 621,635
Accounts receivable, net	5,472,856	7,126,429
Prepaid expenses and other assets	2,282,614	1,467,897
Total current assets, net	19,041,139	9,215,961
Fixed assets, net	58,268	117,295
Intangible assets, net	3,127,760	3,589,850
Goodwill	9,643,752	9,643,752
Other long term assets	460,511	603,209
Total assets	32,331,430	23,170,067
Current liabilities:
Accounts payable	6,785,459	7,510,113
Accrued expenses	3,674,430	5,518,823
Deferred revenue	1,712,591	1,355,972
Notes payable (current portion)	2,493,973	808,976
Due to related parties	0	299,004
Total current liabilities	14,666,453	15,492,888
Notes payable (net of current portion)	4,521,449	3,615,782
Total liabilities	19,187,902	19,108,670
STOCKHOLDERS' EQUITY
Series A Convertible Preferred stock ($.0001 par value, 1,000,000 shares authorized, no shares issued and outstanding at December 31, 2017 and December 31, 2016)	0	0
Common stock ($.0001 par value, 100,000,000 shares authorized and 3,853,100 and 1,535,350 shares issued and outstanding at December 31, 2017 and December 31, 2016	385	154
Additional paid in capital	183,119,222	163,920,066
Accumulated other comprehensive loss	(2,530,238)	(2,486,616)
Accumulated deficit	(167,356,070)	(157,442,585)
Stock subscriptions receivable	(50,585)	0
Noncontrolling interest	(39,186)	70,378
Total stockholders' equity	13,143,528	4,061,397
Total liabilities and stockholders' equity	$ 32,331,430	$ 23,170,067

CONSOLIDATED BALANCE SHEETS _Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Common stock, par value per share (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	3,853,100	1,535,350
Common stock, shares outstanding	3,853,100	1,535,350
Series A Convertible Preferred Stock [Member]
Preferred stock, par value per share (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	1,000,000	1,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Net revenues
Service fees	$ 58,723,928	$ 48,784,855
Branded content	1,340,896	5,502,004
Total Revenues	60,064,824	54,286,859
Costs and expenses:
Cost of service fees	49,934,371	40,521,236
Cost of branded content	1,302,841	5,187,005
General and administrative	10,629,773	8,797,883
Non-cash compensation	2,940,424	3,463,435
Bad debt expense	1,320,848	1,688,237
Depreciation and amortization	2,533,985	3,466,511
Total costs and operating expenses	68,662,242	63,124,307
Loss from operations	(8,597,418)	(8,837,448)
Interest expense, net	(1,189,622)	(1,463,833)
Loss from stock value guarantee	0	(3,722,142)
Other income (expense)	(236,009)	407,347
Net loss before income taxes	(10,023,049)	(13,616,076)
Income taxes	0	0
Net loss	(10,023,049)	(13,616,076)
Net loss attributable to the noncontrolling interest	109,564	128,539
Net loss attributable to Net Element, Inc. stockholders	(9,913,485)	(13,487,537)
Foreign currency translation	(43,623)	(920,794)
Comprehensive loss attributable to common stockholders	$ (9,957,108)	$ (14,408,331)
Loss per share - basic and diluted	$ (5.04)	$ (10.33)
Weighted average number of common shares outstanding - basic and diluted	1,967,676	1,305,801

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)	Total	Preferred Stock [Member]	Common Stock [Member]	Paid in Capital [Member]	Stock Subscription [Member]	Comprehensive Income [Member]	Non-controlling interest [Member]	Accumulated Deficit [Member]
Beginning Balance at Dec. 31, 2015	$ 9,040,867	$ 0	$ 113	$ 154,362,707	$ 0	$ (1,565,822)	$ 198,917	$ (143,955,048)
Beginning Balance (in shares) at Dec. 31, 2015			1,126,376
Share based compensation	4,427,117	0	$ 12	4,427,105	0	0	0	0
Share based compensation (in shares)			121,442
Shares issued and issuable for acquisitions	134,095	0	$ 1	134,094			0	0
Shares issued and issuable for acquisitions (in shares)			6,543
Shares issued for insider financing	988,828	0	$ 5	988,823	0	0	0	0
Shares issued for insider financing (in shares)			46,643
Shares issued in connection with debt restructuring	3,288,836	0	$ 16	3,288,820	0	0	0	0
Shares issued in connection with debt restructuring (in shares)			166,340
Shares issued under ESOUSA agreement	718,524	0	$ 7	718,517	0	0	0	0
Shares issued under ESOUSA agreement (in shares)			68,006
Net loss	(13,616,076)	0	$ 0	0	0	0	(128,539)	(13,487,537)
Comprehensive loss - foreign currency translation	(920,794)	0	0	0	0	(920,794)	0	0
Ending Balance at Dec. 31, 2016	4,061,397	0	$ 154	163,920,066	0	(2,486,616)	70,378	(157,442,585)
Ending Balance (in shares) at Dec. 31, 2016			1,535,350
Shares issued in connection with reverse stock split	1	0	$ 0	1	0	0	0	0
Shares issued in connection with reverse stock split (in shares)			3,117
Share based compensation	2,850,179	0	$ 24	2,850,155	0	0	0	0
Share based compensation (in shares)			242,324
Shares issued for acquisitions	105,966	0	$ 1	105,965	0	0	0	0
Shares issued for acquisitions (in shares)			13,082
Shares issued to settle merchant liabilities	252,223	0	$ 3	252,220	0	0	0	0
Shares issued to settle merchant liabilities (in shares)			30,759
Shares issued for consulting services	177,833	0	$ 2	228,416	(50,585)	0	0	0
Shares issued for consulting services (in shares)			19,896
Shares issued in connection with debt restructuring	758,194	0	$ 13	758,181	0	0	0	0
Shares issued in connection with debt restructuring (in shares)			127,406
Shares issued under ESOUSA/Cobblestone agreements	15,004,405	0	$ 188	15,004,217	0	0	0	0
Shares issued under ESOUSA/Cobblestone agreements (in shares)			1,881,165
Net loss	(10,023,049)	0	$ 0	0	0	0	(109,564)	(9,913,485)
Comprehensive loss - foreign currency translation	(43,623)	0	0	0	0	(43,622)	0	0
Ending Balance at Dec. 31, 2017	$ 13,143,528	$ 0	$ 385	$ 183,119,222	$ (50,585)	$ (2,530,238)	$ (39,186)	$ (167,356,070)
Ending Balance (in shares) at Dec. 31, 2017			3,853,100

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities
Net loss attributable to Net Element, Inc. stockholders	$ (9,913,485)	$ (13,487,537)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities
Non controlling interest	(109,564)	(128,539)
Share based compensation	2,940,424	3,463,435
Provision for bad debts	0	500,000
Amortization of prepaid costs		967,313
Depreciation and amortization	2,533,985	3,466,510
Non cash interest	114,802	852,408
Changes in assets and liabilities
Accounts receivable	3,002,425	(2,751,144)
Deferred revenue	356,619	612,062
Prepaid expenses and other assets	(1,022,985)	(570,582)
Accounts payable and accrued expenses	(2,943,154)	3,797,753
Net cash used in operating activities	(5,040,933)	(3,278,321)
Cash flows from investing activities
Client acquisition costs	(1,885,098)	(1,319,820)
Receipt of excess deposits	149,826
Purchase of fixed and other assets	(103,341)	(187,089)
Net cash used in investing activities	(1,838,613)	(1,506,909)
Cash flows from financing activities
Proceeds from common stock	14,884,435	0
Proceeds from indebtedness	3,678,824	3,170,540
Cash received for issuance of warrants		300,000
Repayment of indebtedness	(998,780)	(71,700)
Related party advances	0	1,027,874
Net cash provided by financing activities	17,564,479	4,426,714
Effect of exchange rate changes on cash	(20,899)	(45,596)
Net increase (decrease) in cash	10,664,034	(404,112)
Cash at beginning of period	621,635	1,025,747
Cash at end of period	11,285,669	621,635
Cash paid during the period for:
Interest	1,074,820	611,625
Taxes	86,942	94,718
Share issuance for settlement of unpaid compensation	0	1,042,509
Shares issued for redemption of indebtedness	379,874	2,499,481
Shares issued in settlement of advances from from board member	0	909,285
Shares issued in settlement of related party debt	$ 378,253	$ 0

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies [Text Block]	Organization and Basis of Presentation Net Element, Inc. (“We”, “us”, “our” 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. We are differentiated by our proprietary technology which enables us to provide a broad suite of payment products, end-to-end transaction processing services and superior client support. During the year ended December 31, 2016, we operated in three reportable business operating segments: (i) North American Transaction Solutions, (ii) Mobile Solutions, and (iii) Online Solutions. During the year ended December 31, 2017, we consolidated our online and mobile payments business into one segment, International Transaction Solutions. We are able to deliver our services across multiple points of access, or “multi-channel,” including brick and mortar locations, software integration, e-commerce, mobile operator billing, mobile and tablet-based solutions. In the United States, via our U.S. based subsidiaries, we generate revenues from transactional services and other payment technologies for small and medium-sized businesses. Through TOT Group Russia and Net Element Russia, we provide transactional services, mobile payment transactions, online payment transactions and other payment technologies in emerging countries in the Russian Federation, Commonwealth of Independent States (“CIS”), Europe and Asia. Our transactional services business enables merchants to accept credit cards as well as other forms of payment, including debit cards, checks, gift cards, loyalty programs and alternative payment methods in traditional card-present or swipe transactions, as well as card-not-present transactions, such as those conducted over the phone or through the Internet or a mobile device. We market and sell our services through both independent sales groups (“ISGs”), which are non-employee, external sales organizations and other third-party resellers of our 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 local and international merchants. We have agreements with several banks that sponsor us for membership in the Visa ® ® ® ® Our Mobile Solutions business, Digital Provider, provides relationships and contracts with mobile operators that give us the ability to offer our clients in-app, premium SMS (short message services, which is a text messaging service), Wireless Application Protocol (WAP)-click, one click and other carrier billing services. We also market our own branded content as a separate line of business for our mobile commerce business from offices in Russia and Kazakhstan. In August 2017, we substantially reorganized this business, and consolidated its operations into PayOnline and TOT Group Russia. We currently are not generating revenues from new mobile content and we continue to explore partnership opportunities that can monetize our relationships and contracts with mobile operators. PayOnline provides flexible high-tech payment solutions to companies doing business on the Internet or in the mobile environment. PayOnline specializes in integration and customization of payment solutions for websites and mobile apps. In particular, PayOnline arranges payment on the website of any commercial organization, which increases the convenience of using the website and helps maximize the number of successful transactions. In addition, PayOnline is focused on providing online and mobile payment acceptance services to the travel industry through direct integration with leading Global Distribution Systems (“GDS”), which include Amadeus® and Sabre®. Key geographic regions that PayOnline serves include Eastern Europe, Central Asia, Western Europe, North America and Asia major sub regions. PayOnline offices are located in Russia, Kazakhstan and in the Republic of Cyprus. Also part of our transactional services business, Aptito is a proprietary, cloud-based payments platform for the hospitality industry, which creates an online consumer experience in offline commerce environments via tablet, mobile and all other cloud-connected devices. Aptito’s easy to use point-of-sale (“POS”) system makes things easier by providing a comprehensive solution to the hospitality industry to help streamline management and operations. Orders placed tableside by customers directly speed up the ordering process and improve overall efficiency. Aptito's mobile POS system provides portability to the staff while performing all the same functions as a traditional POS system, and more. The preparation of consolidated 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 Certain reclassifications have been made to the comparative period amounts to conform to our current period presentation. These reclassifications had no impact on previously presented financial condition or results of operations. We maintain our U.S. dollar-denominated cash in several non-interest bearing bank deposit accounts. All U.S. non-interest bearing transaction accounts are insured up to a maximum of $ 250,000 10,647,524 We maintain $ 186,353 498,308 Accounts receivable are stated net of an allowance for doubtful accounts. We estimate an allowance based on experience with our service providers and judgment as to the likelihood of their ultimate payment. We also consider collection experience and make estimates regarding collectability based on payout trends of the customers. In Russia, the service providers are subsidiaries of large telecommunication companies and we do not reserve for these receivables given their financial backing and our historical experience with such companies. The allowance for doubtful accounts was $ 256,967 603,031 We maintain an inventory of POS terminals which we use to service both merchants and independent sales agents. If the terminals are sold for a fee, we expense the cost of these terminals, plus any setup fees at the time of the sale. Often, we will provide the terminals as an incentive for merchants and independent sales agents to enter into a merchant contracts with us. The term of these contracts have an average length of three years and the cost of the terminal plus any setup fees will be amortized over the contract period. If the merchants terminate their contract with us early, they are obligated to either return the terminal or pay for the terminal. The Company has $ 506,906 311,206 500,701 308,582 188,897 126,643 We depreciate our furniture and equipment over a term of three to ten years. Computers and software are depreciated over terms between two and five years. Leasehold improvements are depreciated over the shorter of the economic life or term of each lease. All of our assets are depreciated on a straight-line basis for financial statement purposes. Expenditures for repairs and maintenance are charged to operating expense as incurred. Expenditures that increase the value or productive capacity of assets are capitalized. At the time of retirements, sales, or other dispositions of property and equipment, the original cost and related accumulated depreciation are removed from the respective accounts, and the gains or losses are presented as other expenses. Intangible assets acquired, either individually or with a group of other assets (but not those acquired in a business combination), are initially recognized and measured based on fair value. Goodwill acquired in business combinations is initially computed as the amount paid by the acquiring company in excess of the fair value of the net assets acquired. The cost of internally developing, maintaining and restoring intangible assets (including goodwill) that are not specifically identifiable, that have indeterminate lives, or that are inherent in a continuing business and related to an entity are recognized as an expense when incurred. An intangible asset (including goodwill) that is not subject to amortization shall be tested for impairment annually or more frequently if events or changes in circumstances indicate that the asset might be impaired. If the carrying amount of an intangible asset exceeds its fair value, an impairment loss shall be recognized in an amount equal to that excess. Goodwill is not amortized. It is the Company's policy to test for impairment no less than annually, by considering qualitative factors to determine whether it is more likely than not that a that the Company's goodwill carrying value is greater than its fair value. Such factors may include the following: a significant decline in expected revenues, significant decline in the Company's stock price, a significant downturn in the general economic business conditions, the loss of key personnel or when conditions occur that may indicate impairment. The Company's intangible assets, which consist of goodwill of $ 9,643,752 Impairment of Long-Lived Assets We review our 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 twelve months ended December 31, 2017 and 2016, we did not recognize any charges for impairment of goodwill or intangible assets. Capitalized customer acquisition costs consist of up-front cash payments made to Independent Sales Groups (“ISGs”) for the establishment of new merchant relationships. Capitalized customer acquisition costs represent incremental, direct customer acquisition costs that are recoverable through gross margins associated with merchant contracts. The up-front cash 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 amounts are receivable but not yet earned and the capitalized acquisition costs are primarily amortized on a straight-line basis over a period of three years. During the years ended December 31, 2017 and 2016, we recorded $ 1,801,685 1,319,820 1,063,687 670,543 2,435,335 1,697,337 We report commissions as a cost of revenues in the accompanying consolidated statement of operations and comprehensive loss. We pay agent commissions to ISGs and independent sales agents based on the processing volume of the merchants enrolled. The commission obligations are based on varying percentages of the volume processed by us on behalf of the merchants. Percentages vary based on the program type and transaction volume of each merchant. We report residual commissions as a cost of revenues in the accompanying consolidated statement of operations and comprehensive loss. At December 31, 2017 and 2016 the residual commissions payable to ISGs and independent sales agents were $ 1,821,790 1,347,352 We pay agent commission on annual fees between January and April of each year. We amortize the annual fees paid in equal monthly amounts from date of payment to end of year. We pay our agent commissions for annual fees in advance of recognizing the associated revenue. We deferred $ 1,224,044 863,604 Our financial instruments consist primarily of cash, accounts receivables, accounts payables. The carrying values of these financial instruments are considered to be representative of their fair values due to the short-term nature of these instruments. The carrying amount of the long-term debt of, $7.0 million and $ 4.4 We measure 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. We use a three-level fair value hierarchy to prioritize the inputs used to measure fair value and maximizes the use of observable inputs and minimizes the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: Level 1 — Quoted market prices in active markets for identical assets or liabilities as of the reporting date Level 2 — Observable market based inputs or unobservable inputs that are corroborated by market data Level 3 — Unobservable inputs that are not corroborated by market data These non-financial assets and liabilities include intangible assets and liabilities acquired in a business combination as well as impairment calculations, when necessary. The fair value of the assets acquired and liabilities assumed in connection with the PayOnline acquisition, were measured at fair value by us at the acquisition date. The fair values of our 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 our 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 was primarily based on observable inputs using company specific information and is classified as Level 3. Foreign Currency Transactions We are subject to exchange rate risk in our foreign operations in Russia, the functional currency of which is Russian ruble, where we generate service fee revenues and interest income and incurs product development, engineering, website development, and general and administrative costs and expenses. The Russian engineering operations pay a majority of their operating expenses in their local currencies, exposing us to exchange rate risk. The Company does not engage in any currency hedging activities. We recognize 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 the processing of a credit card transaction. 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. We record cash received in advance of revenue recognition as deferred revenue. Our revenues for the years ended December 31, 2017 and 2016 are principally derived from the following sources: Transactional Processing Fees: Our transactional processing companies derive revenues primarily from the electronic processing of services including: credit, debit, electronic benefits transfer and alternative payment methods card processing authorized and captured through proprietary and third party networks, electronic gift certificate processing, and equipment support. These revenues are recorded as bankcard and other processing transactions when processed. In addition to generating service fees, Aptito earns monthly fees for use of its platform. 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. Generally, we (i) are the primary obligor in our arrangements with our merchant customers, (ii) have latitude in establishing the price of our services, (iii) have the ability to change the product and perform parts of the services, (iv) have discretion in supplier selection, (v) have latitude in determining the product and service specifications to meet the needs of our merchant customers, and (vi) assume credit risk. In such cases, we report revenues as gross of fees deducted by our sponsoring member banks, as well as fees deducted from card-issuing member banks and card brands (Visa® and MasterCard®) on behalf of our sponsoring member banks for interchange and assessments. These fees charged by the card brands to process the credit card transactions are recorded separately as cost of revenue and interchange fees in the accompanying consolidated statement of operations and comprehensive loss. We have arrangements that included bundled multiple element transactions with merchants encompassing annual PCI (payment card industry) fees, annual membership fees, and monthly processing fees. US GAAP requires and allocation of fees to a bundled transaction based on an allocation of the relative selling prices using vendor specific objective evidence (VSOE) or third party evidence (TPE). Our payment processing business derives revenues primarily from the electronic processing of services including credit, debit and electronic benefits transfer card processing authorized and captured through third party networks, check conversion and guarantee, electronic gift certificate processing, and equipment leasing and sales. These revenues are recorded as bankcard and other processing transactions when processed. Typically, fees charged to merchants for these processing services are based on a variable percentage of the dollar amount of each transaction and in some instances, additional fees are charged for each transaction. Merchant customers may also be charged miscellaneous fees, including statement fees, annual fees, monthly minimum fees, fees for handling chargebacks, gateway fees, and fees for other miscellaneous services. The fair value for annual fees is based on the annual contract renewal price and is deemed to represent stand-alone selling price based upon VSOE. The fair value for processing is based on prices charged by our competitors for similar deliverables when sold separately and is deemed to represent stand-alone selling price based upon TPE. Deferred revenue represents primarily amounts received in advance for annual fee billings and are recognized on a pro rata basis over the service period. Service Fees: Cost of revenues for Digital Provider is comprised primarily of mobile operator fees, content provider fees and fees for short numbers paid to mobile operators. Additionally, penalties and penalty recoveries are recorded as cost of sales. Service revenues for mobile payment processing services are presented net as these revenues are considered to be agency fees. Subscription revenues for our branded content are recognized when a content subscriber initiates the purchase of our access to content using WAP-click, Internet- click, or a SMS-to-short number registered to us. Digital Provider’s subscription revenues are recorded at the amounts charged to the third-party customer. Cost of revenues for Digital Provider branded content includes fees due to mobile operators and marketing partners, as well as short number fees. Cost of revenues for TOT Payments, Aptito and PayOnline is comprised primarily of processing fees paid to third parties attributable to providing transaction processing and service fees for POS system usage by our 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. We also pay Visa® and MasterCard® network dues. 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 brands (Visa/MasterCard) on behalf of its sponsoring member banks for interchange and assessments. These fees charged by the card brands to process the credit card transactions are recorded separately as cost of sales and interchange fees in the accompanying consolidated statement of operations. Basic net loss per common share is computed by dividing net loss applicable to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net loss per common share is determined using the weighted-average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents, consisting of shares issuable upon exercise of common stock options or warrants. In periods when losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion would have an anti-dilutive effect. At December 31, 2017 and 2016, we had warrants outstanding to purchase 728,583 and 89,389 234,219 193,610 We account for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined on the basis of the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. We recognize net deferred tax assets to the extent that we believe these assets are more likely than not to be realized. In making such a determination, we consider all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. If we determine that we would be able to realize our deferred tax assets in the future in excess of their net recorded amount, we would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. We account 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. We classify the liability for unrecognized tax benefits as current to the extent we anticipate 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. Our evaluation of uncertain tax positions was performed for the tax years ended December 31, 2012 and forward, the tax years which remain subject to examination at December 31, 2017. In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2014-09, “Revenue from Contracts with Customers,” which supersedes the revenue recognition requirements in Topic 605, “Revenue Recognition” and requires entities to recognize revenue in a way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In August 2015, the FASB issued ASU 2015-14, which defers by one year the effective date of ASU 2014-09. Accordingly, this guidance is effective for interim and annual periods beginning after December 15, 2017. We adopted this guidance on January 1, 2018 and do not expect this guidance to have a material effect on our financial position, results of operations and cash flows. In February 2016, the FASB issued ASU 2016-02, “Leases” which, for operating leases, requires a lessee to recognize a right-of-use asset and a lease liability, initially measured at the present value of the lease payments, in its balance sheet. The standard also requires a lessee to recognize a single lease cost, calculated so that the cost of the lease is allocated over the lease term, on a generally straight-line basis. The ASU is effective for public companies for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. We expect that the adoption of ASU 2016-02 will result in the recognition of management’s recognition of right of use assets and related obligations on our consolidated Balance sheets. In March 2016, the FASB issued Accounting Standards Update 2016-08 Revenue from Contracts with Customers (Topic 606) to clarify implementation guidance on principal versus agent considerations (for reporting revenue on a gross or net basis). The ASU is an amendment to Topic 606, clarifies the implementation guidance, and requires an entity to account for revenue as an agent when another entity controls the specified good or service before that good or service is transferred to the customer. This ASU is effective for annual periods beginning after December 15, 2017. The Company adopted this guidance on January 1, 2018 and did not see a change in reporting revenues resulting from the adoption of this guidance on the Company’s financial position, results of operations and cash flows.

BASIS OF PRESENTATION AND PRINC

BASIS OF PRESENTATION AND PRINCIPLES OF CONSOLIDATION	12 Months Ended
	Dec. 31, 2017
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 On May 25, 2016, and subsequently again on October 5, 2017, we completed a one-for-ten reverse stock split of our common stock. Our consolidated financial statements give retrospective effect for these changes in capital structure for all periods presented. Following the consolidation principles promulgated by U.S. GAAP, the consolidated financial statements of the Company include the assets, liabilities, results of operations, and cash flows of the following subsidiaries: (1) TOT Group, Inc., a 100 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”) doing business as Unified Payments a wholly owned subsidiary formed in Florida, Aptito, LLC, a 80 • 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; - TOT BPS, LLC, a wholly owned subsidiary formed in Florida • OOO TOT Group Russia is the parent company of its wholly owned subsidiary OOO Digital Provider (f/k/a OOO TOT Money)(a company formed in Russia), Payonline Systems, LLC (a wholly-owned company formed in Russia), Innovative Payment Technologies, LLC (a wholly-owned company formed in Russia) and TOT Group Kazakhstan, a wholly owned subsidiary formed in Kazakhstan. • Netlab Systems, LLC is the parent company of Tech Solutions LTD (Cayman Islands). • Net Element Russia is the parent company of 99% owned OOO TOT Group. • TOT Group Europe LTD is 100% owner of Polimore Capital Limited (Cyprus) and Brosword Holding Limited (Cyprus) All material intercompany accounts and transactions have been eliminated in consolidation.

LIQUIDITY AND GOING CONCERN CON

LIQUIDITY AND GOING CONCERN CONSIDERATIONS	12 Months Ended
	Dec. 31, 2017
Liquidity And Going Concern Considerations [Abstract]
Liquidity and Going Concern Considerations [Text Block]	NOTE 3. LIQUIDITY AND GOING CONCERN CONSIDERATIONS The Company’s consolidated financial statements have been prepared on a going concern basis. Although, the Company had a net loss of $ 10.0 167.4 4.8 The Company is continuing with its plan to further grow and expand its payment processing operations and develop blockchain solutions for merchant services. Management believes that its current cash position and operating strategy will provide the opportunity for the Company to continue as a going concern; however, there is no assurance this will occur. The independent auditors’ report on the Company’s consolidated financial statements for the year ended December 31, 2016 contained explanatory paragraphs expressing substantial doubt as to the Company’s ability to continue as a going concern.

ACCOUNTS RECEIVABLE

ACCOUNTS RECEIVABLE	12 Months Ended
	Dec. 31, 2017
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 4. ACCOUNTS RECEIVABLE Accounts receivable (net) consist of amounts due from merchant service providers and to a lesser extent Russian mobile operator intermediaries. Total net accounts receivable amounted to $ 5,472,856 7,126,429 57,754 2,577,296 5,415,102 4,549,133 Total allowance for doubtful accounts was $ 256,967 603,031

FIXED ASSETS

FIXED ASSETS	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	NOTE 5. FIXED ASSETS Useful life (in years) December 31, 2017 December 31, 2016 Furniture and equipment 3 - 10 $ 171,082 $ 185,301 Computers 2 - 5 156,958 168,942 Total 328,040 354,243 Less: Accumulated depreciation (269,772) (236,948) Total fixed assets, net $ 58,268 $ 117,295 Depreciation expense for the years ended December 31, 2017 and 2016 was $ 32,824 83,245

INTANGIBLE ASSETS

INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 6. INTANGIBLE ASSETS 3,127,760 3,589,850 IP Software Portfolios and Client Acquisition PCI Trademarks Domain Names Covenant Not to Total Balance at December 31, 2015 $ 1,548,601 $ 1,489,175 $ 1,048,060 $ 355,458 $ 561,772 $ 339,147 $ 81,667 $ 5,423,880 Additions 102,689 - 1,319,820 - - 83 - 1,422,592 Amortization (1,271,226) $ (704,184) (670,543) (149,668) (234,064) (145,270) (81,667) (3,256,622) Balance at December 31, 2016 $ 380,064 $ 784,991 $ 1,697,337 $ 205,790 $ 327,708 $ 193,960 $ - $ 3,589,850 Additions 48,489 1,801,685 1,850,174 Amortization (209,251) (510,937) (1,063,687) (149,667) $ (235,515) (143,207) (2,312,264) Balance at December , 2017 $ 219,302 $ 274,054 $ 2,435,335 $ 56,123 $ 92,193 $ 50,753 $ - $ 3,127,760 Amortization expense for the year ended December 31, 2017 was $ 2,501,161 2,312,264 188,897 Amortization expense for the year ended December 31, 2016 was $ 3,383,265 3,256,622 126,643 Year Amortization Expense 2018 1,042,587 2019 1,042,587 2020 1,042,586 Total $ 3,127,760 Software We capitalized software development costs that add value to or extend the useful of the related software it develops for internal use and licensing. Costs for routine software updates are expensed as incurred. Capitalized costs are amortized over 36 months on a straight-line basis. Impairment is reviewed quarterly to ensure only viable active costs are capitalized. During the twelve months ended December 31, 2017 and 2016 we capitalized $ 48,489 102,689 · point of sale software ($ 48,489 1,469 · payment processing software ($ 0 89,101 · mobile payments billing software ($ 0 12,119 For the twelve months ended December 31, 2017, amortization was $ 209,251 1,271,226 Merchant Portfolios and client lists Merchant Portfolios consisted portfolios purchased on business acquisitions that earn future streams of income for the foreseeable future. The remaining useful lives of these portfolios range from 15 36 274,054 784,991 The useful lives of merchant portfolios represent management’s best estimate over which the Company will recognize the economic benefits of these intangible assets. Trademarks and Domain Names At December 31, 2017 and December 31, 2016, the net book value of these trademarks was $ 92,193 327,708 50,753 193,960 For the twelve- months ended December 31, 2017 and 2016, amortization for trademarks was $ 235,515 234,064 For the twelve months ended December 31, 2017 and 2016, amortization for domain names was $ 143,207 145,270 PCI Certification At December 31, 2017 and 2016, the net book value of the PCI certification was $ 56,123 205,790 For the twelve-months ended December 31, 2017 and 2016, amortization for the PCI certification was $149,667 and $149,668, respectively..

ACCRUED EXPENSES

ACCRUED EXPENSES	12 Months Ended
	Dec. 31, 2017
Payables and Accruals [Abstract]
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE 7. ACCRUED EXPENSES At December 31, 2017 and December 31, 2016, accrued expenses amounted to $ 3,674,430 5,518,823 December 31, 2017 December 31, 2016 Accrued professional fees $ 241,281 $ 220,140 PayOnline accrual 1,438,900 3,784,451 Accrued interest 145,264 183,778 Accrued bonus 1,249,852 774,485 Accrued franchise taxes - 180,000 Accrued foreign taxes 137,141 131,810 Short term loan advances - 174,376 Other accrued expenses 461,992 69,783 $ 3,674,430 $ 5,518,823 The accrual for PayOnline at December 31, 2017 and 2016 consists primarily of $ 1.1 1.4 2.0 Accrued interest at December 31, 2017 and 2016 is comprised primarily of loan costs associated with RBL notes in the amount of $ 145,264 134,180 We owed $ 137,140 131,810 , which primarily consist of VAT and payroll taxes related to our International Transaction Solutions segment at December 31, 2017 and 2018 Other accrued expenses of $ 461,992

SHORT TERM LOANS

SHORT TERM LOANS	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Short-term Debt [Text Block]	NOTE 8. SHORT TERM LOANS Term Loan Short term loans primarily consist of the current portion of long term debt in amount of $ 2,493,973 808,976

DEBT

DEBT	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTE 9. DEBT December 31, 2017 December 31, 2016 RBL Capital Group, LLC $ 4,544,087 $ 4,044,056 Priority Payments Systems LLC 2,238,511 - MBF Merchant Capital, LLC 341,804 520,303 Subtotal 7,124,402 4,564,359 Less Deferred loan costs (106,980) (139,601) Subtotal 7,017,422 4,424,758 Less Current portion (2,493,973) (808,976) Long term debt $ 4,523,449 $ 3,615,782 RBL Capital Group, LLC Effective June 30, 2014, TOT Group, Inc. and its subsidiaries as co-borrowers, TOT Payments, LLC, TOT BPS, LLC, TOT FBS, LLC, Process Pink, LLC, TOT HPS, LLC and TOT New Edge, LLC (collectively, the “co-borrowers”), entered into a Loan and Security Agreement (“Credit Facility”) with RBL Capital Group, LLC (“RBL”), as lender (the “RBL Loan Agreement”). The original terms provided us with an 18 10 13.90 10.65 10 15 10,455,912 10,455,087 The co-borrowers’ obligations to RBL pursuant to the RBL Loan Agreement are secured by a first priority security interest in all of the co-borrowers’ tangible and intangible assets, including but not limited to their merchants, merchant contracts and proceeds thereof, and all right title and interest in co-borrowers’ processing contracts, contract rights, and portfolio cash flows with all processors of the co-borrowers. As further described below, the following borrowings from the Credit Facility were converted into RBL term notes: During July 2014, we entered into a $ 3,315,000 3.0 239,000 13.90 90,421 2 4 1,849,481 135,237 During February 2015, we entered into a $ 400,000 13.9 10,911 8,000 21,928 During March 2015, we entered into a $ 250,000 13.9 6,819 5,000 9,174 During May 2016, we entered into a $ 250,000 14.15 6,850 2 4 During May 2016, we entered into a $ 400,000 14.15 10,961 2 During June 2016, we entered into a $ 190,000 14.15 5,206 2 4 During July 2016, we entered into a $ 350,000 14.15 9,591 2 4 During August 2016, we entered into a $ 400,000 14.15 10,961 2 4 During September 2016, we entered into a $ 350,000 14.15 9,591 2 4 During November 2016, we entered into a $ 350,000 14.15 9,591 2 4 During December 2016, we entered into a $ 325,000 14.15 8,906 2 4 During December 2016, we entered into a $ 4,044,055 14.15 47,686 110,814 20,000 104,600 During March 2017, we entered into a $ 100,000 14.4 2,753 2 4 During April 2017, we entered into a $ 400,000 14.4 11,011 2 4 During April 2017, Crede purchased a $ 75,000 10,235 4,044,055 108,759 During May 2017, we entered into a $ 75,000 14.4 2,065 2 4 During May 2017, Crede purchased a $ 150,000 23,058 During May 2017, we entered into a $ 150,000 14.4 4,129 2 4 During June 2017, the $ 4,044,055 14.19 124,607 During July 2017, the Refinance note was further modified to reflect the $150,000 tranche extinguishment in May 2017, described above. The terms of the Refinance note was revised to reduce the monthly interest and principal payments to $ 121,810 4,438,087 During August 2017, we entered into a $ 106,000 14.9 2,945 2 4 106,000 MBF Merchant Capital, LLC We issued the following notes payable to MBF, an entity owned by William Healy, a former member of our Board of Directors. During March 2016, we entered into a $ 75,000 14 7,990 6 23,420 During April 2016, we entered into a $ 300,000 15.5 14,617 6 74,177 221,826 During July 2016, our subsidiary, TOT Group, Inc., entered into a $ 353,500 15.5 17,224 1 6.6 98,829 275,056 On August 29, 2017, our subsidiary, TOT Group, Inc., entered into a $ 275,000 13.95 29,289 2 4 168,798 Priority Payment Systems LLC Effective as of May 18, 2017, we entered into a loan agreement and security agreement with Priority Payment Systems LLC (“PPS”) and issued a promissory note dated May 18, 2017. Pursuant to the loan agreement and the note, we borrowed $ 2,000,000 10.25 Pursuant to the security agreement, the loan is secured by collateral consisting of accounts, cash or cash equivalents, residuals related to the merchants originated by us and processed by PPS. The loan agreement, the note and the security agreement contain customary representations, warranties, events of default, remedies and affirmative and negative covenants, as well as the right of first refusal and the right related to the merchants. Effective as of May 17, 2017, we entered into a corporate guaranty in favor of PPS, pursuant to which we unconditionally guaranteed the full and prompt payment of each present and future liability, debt and obligation under the loan agreement, the note, the security agreement and other related documents. On June 27, 2017, we entered into an amendment to the loan agreement with PPS pursuant to which: (i) The original term loan was modified into a multi - draw loan with an increase of the borrowing limit to $ 2,500,000 (ii) The loan maturity was extended to May 20, 2021. During the year ended December 31, 2017, we borrowed a total of $ 2,889,000 650,489 2,500,000 2,238,511 Scheduled Debt Principal Repayment 2018 2,493,973 2019 1,764,245 2020 1,162,308 2021 1,338,621 2022 365,255 Balance December 31, 2017 $ 7,124,402

CONCENTRATIONS

CONCENTRATIONS	12 Months Ended
	Dec. 31, 2017
Risks and Uncertainties [Abstract]
Concentration Risk Disclosure [Text Block]	NOTE 10. CONCENTRATIONS The Company’s total revenue was $ 60,064,824 54,286,859 Of the $60,064,824 in 2017 revenues, $ 58,723,928 1,340,896 Of the $54,286,859 in 2016 revenues, $ 48,784,855 5,502,004 The credit card processing revenues were from merchant customer transactions, which were processed primarily by one third-party processor and our own dedicated bin (greater than 5%) during 2017 and two third-party processors (greater than 5 For the twelve months ended December 31, 2017, the Company processed 77 For the twelve months ended December 31, 2016, the Company processed 69 Mobile electronic payment revenues generated from merchant customer transactions were not responsible for more than 5 4

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 11. COMMITMENTS AND CONTINGENCIES During December 2017, we entered into a letter of intent with Bunker Capital for the development of block chain based solutions. See note 17. PayOnline Acquisition Commitments On October 25, 2016, we entered into an amendment to the PayOnline acquisition agreement with the Sellers, in which we agreed to assume $ 1,433,475 252,223 Leases North American Transaction Solutions On May 10, 2013, we entered into a lease agreement, which is dated as of May 1, 2013, for approximately 4,101 16,800 19,448 233,377 On August 1, 2017, this lease was extended for a period of five years commencing August 1, 2017 and expiring July 31, 2022 with equal monthly base rent installments of $ 14,354 172,248 1,375 20,535 246,420 NetLabs Systems, LLC, through its Russian representative office, currently leases 1,654 24,300 expires on June 1, 2018. International Transaction Solutions PayOnline Systems leases approximately 4,675 84,457 PayOnline previously leased approximately 156 1,527 We believe that our current facilities are suitable and adequate for our present purposes, and we anticipate that we will be able to extend our existing leases on terms satisfactory to us or acquire new facilities on acceptable terms. Year $ Amount 2018 $ 184,398 2019 $ 172,248 2020 $ 172,248 2021 $ 172,248 2022 $ 100,478 Litigation Aptito.com, Inc. On August 6, 2014, our subsidiary (Aptito, LLC) filed a lawsuit against Aptito.com, Inc. and the shareholders of Aptito.com, Inc., in state court in the 11th Judicial Circuit in and for Miami-Dade County. This is an interpleader action in regards to 12,500 12,500 12,500 12,500 On March 20, 2017, Aptito.com filed amended counterclaims against Aptito, LLC as well as claims against us alleging amongst other matters, breach of contract and violations of federal and state securities laws. Management believes that these counterclaims are without merit, and we and Aptito, LLC and the Company have filed a motion to dismiss the claims and a motion for sanctions. Counsel is waiting for a hearing date for determination on these matters. A hearing on the motion to interplead was heard in July 2017 and the Court granted Aptito, LLC’s motion to interplead. Aptito.com, Inc. shareholders will now have to settle their internal dispute regarding this matter. Aptito, LLC still has potential liability of approximately $ 200,000 Gene Zell In June 2014, we, as plaintiff, commenced an action in the Miami-Dade Circuit Court, Florida against Gene Zell for defamation of our Company and CEO and tortious interference with our business relationships. In October 2014, the court granted a temporary injunction against Zell enjoining him from posting any information about our Company and CEO on any website and enjoining him from contacting our business partners or investors. Zell violated the Court Order and the Court granted a Motion imposing sanctions against Zell. We continue to seek enforcement of the Court Order. On April 13, 2015, Zell filed a Motion to set aside the Court Order alleging he was unaware of the Court Proceedings. The Court, on August 26, 2015, dismissed Zell’s Motion to dissolve the injunction. In March 2017, the Court dismissed another Motion brought by Zell to dissolve the injunction. Accordingly, the injunction order prohibiting Zell from making further defamatory posts remains in place. The Company continues to protect its rights by ongoing enforcement of the injunction. Other Legal Proceedings We also are involved in certain legal proceedings and claims which arise in the ordinary course of business. In our opinion, 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 our results of operations, financial condition, or cash flows. As more information becomes available, if management 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, we will record a reserve for the claim in question. If and when we record such a reserve is recorded, it could be material and could adversely impact our results of operations, financial condition, and cash flows.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 13. RELATED PARTY TRANSACTIONS We and our subsidiary, TOT Group, Inc., have entered into certain term loan notes with MBF. For additional information about such term loan notes, see “MBF Merchant Capital, LLC” in Note 9. During the twelve months ended December 31, 2017 and 2016, agent commissions resulting from merchant processing of $ 98,194 107,235 40,247 On March 1, 2017, we entered into a promissory note with Star Equities, LLC, an entity which our CEO is the managing member, in the principal amount of $ 348,083 3,481 12 67,312 The NASDAQ Stock Market

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Stockholders Equity Note Disclosure [Text Block]	On May 25, 2016 and October 5, 2017, we effected one-for-ten reverse stock splits of our common stock. Our condensed consolidated financial statements and disclosures reflect these changes in capital structure for all periods presented. On June 12, 2015 and June 13, 2016, our shareholders approved 100,000,000 300,000,000 400,000,000 300,000,000 100,000,000 Agreement with Cobblestone On July 5, 2017, the Company entered into a common stock purchase agreement (the “Cobblestone Purchase Agreement”) with Cobblestone Capital Partners LLC (“Cobblestone Capital”) which provides that, upon the terms and subject to the conditions and limitations set forth therein, Cobblestone Capital was committed to purchase up to an aggregate of $ 10 200,000 45,676 4.38 NUMBER PURCHASE Share DATE SHARES AMOUNT Price 8/16/2017 19,742 $ 72,000 $ 3.65 9/13/2017 19,679 $ 54,000 $ 2.74 9/15/2017 39,723 $ 109,000 $ 2.74 9/18/2017 40,000 $ 160,000 $ 4.00 9/25/2017 60,000 $ 277,500 $ 4.63 9/28/2017 30,000 $ 210,000 $ 7.00 9/29/2017 25,000 $ 175,000 $ 7.00 10/3/2017 50,000 $ 350,000 $ 7.00 10/5/2017 50,000 $ 300,000 $ 6.00 10/16/2017 95,789 $ 455,000 $ 4.75 10/24/2017 414 $ 1,857 $ 4.49 11/27/2017 65,560 $ 250,000 $ 3.81 12/11/2017 77,453 $ 300,000 $ 3.87 12/11/2017 77,453 $ 300,000 $ 3.87 12/12/2017 129,089 $ 500,000 $ 3.87 12/20/2017 140,000 $ 700,000 $ 5.00 12/26/2017 150,000 $ 750,000 $ 5.00 12/27/2017 100,000 $ 500,000 $ 5.00 12/28/2017 146,767 $ 733,835 $ 5.00 TOTAL 1,316,670 $ 6,198,192 $ 4.71 Equity Incentive Plan Activity On December 5, 2013, our shareholders approved the Net Element International, Inc. 2013 Equity Incentive Plan (the “2013 Plan”). Awards under the 2013 Plan may be granted in any one or all of the following forms: (i) incentive stock options meeting the requirements of Section 422 of the Internal Revenue Code of 1986, as amended; (ii) non-qualified stock options (unless otherwise indicated, references to “Options” include both Incentive Stock Options and Non-Qualified Stock Options); (iii) stock appreciation rights, which may be awarded either in tandem with Options or on a stand-alone basis; (iv) shares of common stock that are restricted; (v) units representing shares of common stock; (vi) units that do not represent shares of common stock but which may be paid in the form of common stock; and (vii) shares of common stock that are not subject to any conditions to vesting. The maximum aggregate number of shares of common stock available for award under the 2013 Plan at December 31, 2017 and December 31, 2016 were 240,996 128,026 2013 Equity Incentive Plan - Unrestricted Shares and Stock Options During the twelve months ended December 31, 2017 and 2016, we issued common stock pursuant to the Net Element International, Inc. 2013 Equity Incentive Plan (as amended, the “2013 Plan”) to the members of our Board of Directors and recorded compensation charges of $ 130,499 7,363 On June 13, 2016, we issued 47,500 1,007,000 In September, 2016, we issued 7,031 532,701 On April 12, 2016, the compensation committee of the Board of Directors rescinded previously granted incentive stock options to purchase approximately 1.6 On June 13, 2016, we issued 18,241 21.20 10 386,705 On February 28, 2017, the Compensation Committee of our Board of Directors approved and authorized grants of the following equity awards to our employees and consultants of the Company pursuant to our 2013 Equity Incentive Compensation Plan, as amended: (i) 45,105 50 50 (ii) 62,668 50 50 On December 28, 2017, the Compensation Committee of our Board of Directors approved and authorized grants for 134,161 At December 31, 2017, we had 74,004 15.50 8.77 33,396 26.00 9.18 Crede CG III, Ltd. On May 2, 2016, we entered into a Master Exchange Agreement with Crede (the “Master Exchange Agreement”), an entity that purchased a portion our previously issued notes held by RBL described above. Pursuit to the Master Exchange Agreement, we have the right to request that Crede exchange up to $ 3,965,000 For the year ended December 31, 2017, we exchanged 60,944 330,969 3,315,000 6.83 52,972 For the year ended December 31, 2016, we exchanged 166,340 2,499,481 400,000 250,000 1,849,481 3,315,000 16.80 302,294 487,064 Other Stock Issuance On January 25, 2016, we issued 4,257 Pursuant to the earn-out installment provisions of the PayOnline purchase agreement, we issued an additional 13,082 108,583 On August 15, 2016, we issued 9,569 200,000 On July 19, 2017, we issued 30,759 252,223 1.4 On February 28, 2017, the Compensation Committee of our board of directors awarded to Oleg Firer, our Chief Executive Officer, 47,139 300,000 On October 20, 2017, we entered into, and consummated the transactions contemplated by, the Exchange Agreement. Pursuant to the Exchange Agreement, the entire outstanding amount (including the principal amount of $ 348,083 374,253 67,312 Agreements with ESOUSA Holdings On July 6, 2016, we entered into a common stock purchase agreement (“Purchase Agreement”), with ESOUSA Holdings, LLC, a New York limited liability company (“ESOUSA”), which provides that ESOUSA is committed to purchase up to an aggregate of $ 10 NUMBER OF PURCHASE Share SHARES AMOUNT Price 9/15/2016 45,455 $ 500,000 $ 11.00 10/25/2016 9,434 $ 100,000 $ 10.60 1/19/2017 24,096 $ 200,000 $ 8.30 1/25/2017 17,647 $ 150,000 $ 8.50 2/8/2017 116,144 $ 1,000,000 $ 8.61 3/23/2017 10,379 $ 87,132 $ 8.40 Total 223,155 $ 2,037,132 On December 29, 2017, we entered into, and consummated a unit purchase agreement with ESOUSA. Pursuant to the unit purchase agreement, the Company sold to ESOUSA (i) 350,553 0.0001 11.12 404,676 0.125 11.12 323,907 0.01 7,550,585

WARRANTS AND OPTIONS

WARRANTS AND OPTIONS	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 14. WARRANTS AND OPTIONS At December 31, 2017 the Company has fully vested options outstanding to purchase 234,219 8.10 134.00 In February 28, 2017, the Company granted options to acquire 45,106 8.10 10 18,241 21.20 10 46,643 21.46 5 Due to the high level of volatility in the stock price of the Company’s common stock, the Company determined the grant date fair value of the options granted during the years ended December 31, 2017 and 2016 using the then quoted stock price at the grant date. Stock Option Activity Outstanding at December 31, 2015 146,437 Granted 64,884 Expired (17,711) Outstanding at December 31, 2016 193,610 Granted 45,106 Expired (4,497) Outstanding at December 31, 2017 234,219 Exercise Price Outstanding Remaining $ 134.00 1,021 6.94 $ 24.00 11,434 7.93 $ 21.20 18,241 8.45 $ 8.10 43,310 9.17 $ 22.00 113,572 2.70 $ 21.46 46,643 3.45 Warrants In 2013, our predecessor entity (then known as Cazador Acquisition Corporation Ltd.) issued warrants to purchase 89,400 As noted above, pursuant to the unit purchase agreement with ESOUSA, on December 29, 2017 we issued (i) an aggregate of 404,676 0.125 11.12 323,907 0.01 At December 31, 2017 and December 31, 2016, we had warrants outstanding to purchase 728,583 89,389 6.20 5.0 750.00 0.75 Warrant Activity Outstanding at December 31, 2015 89,389 Granted - Expired - Outstanding at December 31, 2016 89,389 Granted 728,583 Expired (89,389) Outstanding at December 31, 2017 728,583 Exercise Price Outstanding Remaining $ 11.12 404,676 5.00 $ 0.01 323,907 5.00 Non-Incentive Plan Options At December 31, 2017, we had 160,214 21.80 2.92 160,214 21.80 3.92

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	NOTE 15. INCOME TAXES December 31, December 31, 2017 2016 United States $ (7,865,421) $ (11,615,285) Foreign (2,157,628) (2,000,791) $ (10,023,049) $ (13,616,076) There was no current U.S. income tax or deferred income tax provision for years ended December 31, 2017 and December 31, 2016. There were current foreign tax provisions of $ 70,033 49,375 December 31, December 31, 2017 2016 U. S. Federal statutory income tax rate 34.0 % 34.0 % State income tax, net of federal tax benefit 4.1 % 4.1 % Currency translation adjustment -2.2 % -0.9 % Foreign income tax -0.9 % -0.4 % Difference in foreign tax rates 5.2 % 3.4 % Change in valuation allowance -28.9 % -40.5 % Change in tax rates -12.2 % 0 % Effective income tax rate -0.9 % -0.4 % The effective tax rate on operations of - 0.9 34 0.4 34 21 December 31, December 31, 2017 2016 Deferred tax assets: Net operating loss carry forwards $ 14,800,451 $ 19,556,555 Stock based compensation 741,275 906,087 Basis difference in goodwill 1,471,976 2,604,306 Basis difference in fixed assets 8,792 19,899 Basis difference in intangible assets 1,313,547 1,714,761 Allowance for bad debt (US) - - Stock price guarantee adjustment - 1,416,870 Valuation allowance for deferred tax assets (18,336,041) (26,218,478) Total deferred tax assets - - Deferred tax liabilities: Basis difference in goodwill - - Basis difference in fixed assets - - Basis difference in intangible assets - - Total deferred tax liabilities - - Net deferred taxes $ - $ - Deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts of assets and liabilities used for income tax purposes. At December 31, 2017, we had cumulative federal and state net operating losses (“NOLs”) carry forwards of approximately $ 56.8 51.4 14.0 10.4 7.9 26.7 The timing and manner in which we will be able to utilize some of its NOLs is limited by Section 382 of the Internal Revenue Code of 1986, as amended (IRC). IRC Section 382 imposes limitations on a corporation’s ability to use its NOLs when it undergoes an “ownership change.” Generally, an ownership change occurs if one or more shareholders, each of whom owns 5% or more in value of a corporation’s stock, increase their percentage ownership, in the aggregate, by more than 50% over the lowest percentage of stock owned by such shareholders at any time during the preceding three-year period. Because on June 10, 2014, we underwent an ownership change as defined by IRC Section 382, the limitation applies to us. The losses generated prior to the ownership change date (pre-change losses) are subject to the Section 382 limitation. The pre-change losses may only become available to be utilized by the Company at the rate of $2.4 million per year. Any unused losses can be carried forward, subject to their original carryforward limitation periods. In the year 2017, approximately $2.4 million in the pre-change losses was released from the Section 382 loss limitation. The Company can still fully utilize the NOLs generated after the change of the ownership, which was approximately $16.5 million. Thus, the total of approximately $20.6 million as of December 31, 2017 is available to offset future income.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	NOTE 16. SEGMENT INFORMATION Prior to the fourth quarter of 2017, we had three reportable business segments: (i) North American Transaction Solutions for electronic commerce, (ii) Mobile Solutions (primary Russian Federation and CIS) and (iii) Online Solutions. Management determines the reportable segments based on the internal reporting used by our Chief Operating Decision Maker to evaluate performance and to assess where to allocate resources. Factors management used to identify the entity’s reportable segments. The Company’s reportable segments are business units that offer different products and services in different geographies. The reportable segments are each managed separately because they offer distinct products, in distinct geographic locations, with different delivery and service processes. North America Transaction Solutions Our US payment processing business segment consists of the former Unified Payments business and Aptito. This segment operates primarily in North America. In March 2013, we acquired all of the business assets of Unified Payments, a provider of comprehensive turnkey, payment processing solutions to small and medium size business owners (merchants) and independent sales organizations across the United States. In April 2013, we purchased 80% of Aptito, a cloud based Software-as-a-Service (“SaaS”) restaurant management solution, International Transaction Solutions Our Russian mobile and online payment processing segment consists of PayOnline and Digital Provider which operate primarily in Russia. PayOnline, includes a protected payment processing system to accept bank card payments for goods and services. I n June 2012, we formed our subsidiary . Segment Summary Information 2017 2017 2016 2016 North America $ 51,138,327 $ 9,778,888 $ 42,130,901 $ 9,468,105 Russia and CIS 8,926,497 3,511,403 12,155,957 4,625,602 Twelve months ended December 31, 2017 North America International Transaction CORP EXP Total Net revenues $ 51,138,327 $ 8,926,497 $ - 60,064,824 Cost of revenues 44,265,264 6,971,948 - 51,237,212 Gross Margin 6,873,063 1,954,549 - 8,827,612 Gross margin % 13 % 22 % 0 % 15 % General, administrative, and asset disposal 3,281,547 3,033,360 4,314,866 10,629,773 Non-cash compensation - - 2,940,424 2,940,424 Provision (recovery) for bad debt 1,408,908 (89,260) 1,200 1,320,848 Depreciation and amortization 1,480,603 1,053,382 - 2,533,985 Interest expense (income), net 997,429 -34,776 226,969 1,189,622 Other expenses (income) 48,549 178,576 8,884 236,009 Net (loss) income for segment (343,973) (2,186,733) (7,492,343) (10,023,049) Segment assets 28,235,321 4,096,109 - 32,331,430 Twelve months ended December 31, 2016 North America International Transaction CORP EXP Total Net revenues $ 42,130,901 12,155,958 $ - 54,286,859 Cost of revenues 36,342,465 9,365,776 - 45,708,241 Gross Margin 5,788,436 2,790,182 - 8,578,618 Gross margin % 14 % 23 % - 16 % General, administrative, and asset disposal 2,603,329 2,768,116 3,426,438 8,797,883 Non-cash compensation - - 3,463,435 3,463,435 Provision (recovery) for bad debt 1,173,815 513,922 500 1,688,237 Depreciation and amortization 1,201,268 1,896,987 368,256 3,466,511 Interest expense (income), net 555,212 23,412 885,209 1,463,833 Loss from stock value guarantee - - 3,722,142 3,722,142 Other expenses (income) 4,118 (411,465) - (407,346) Net (loss) income for segment 250,694 (2,000,790) (11,865,981) (13,616,076) Segment assets 14,794,400 7,810,814 564,853 23,170,067 Twelve months ended December 31, 2016 North America Transaction Mobile Solutions Online Solutions Corporate Expenses & Eliminations Total Net revenues $ 42,130,901 $ 5,933,281 $ 6,222,677 $ - $ 54,286,859 Cost of revenues 36,342,465 5,287,960 4,077,816 - 45,708,241 Gross Margin 5,788,436 645,321 2,144,860 - 8,578,618 Gross margin % 14 % 11 % 34 % - 16 % General, administrative, and asset disposal 2,603,329 20,924 2,003,388 4,170,242 8,797,883 Non-cash compensation - - - 3,463,435 3,463,435 Provision (recovery) for bad debt 1,173,815 511,772 2,760 (109) 1,688,237 Depreciation and amortization 1,201,268 18,970 1,837,709 408,564 3,466,511 Interest expense (income), net 555,212 (42,760) (28,670) 980,051 1,463,833 Loss from stock value guarantee - - - 3,722,142 3,722,142 Other expenses (income) 4,118 (446,592) 32,950 2,179 (407,346) Net (loss) income for segment $ 250,694 $ 583,008 $ (1,703,278) $ (12,746,503) $ (13,616,077) Segment assets $ 14,794,400 $ 2,685,673 $ 5,125,140 $ 564,853 $ 23,170,067

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2017
Subsequent Events [Abstract]
Subsequent Events [Text Block]	NOTE 17. SUBSEQUENT EVENTS During December 2017 we entered into a letter of intent, with Bunker Capital for the development of block-chain technology-based solutions, and we made a prepayment of 19,000 We continue to work on the business plan and technology schematics for such block-chain technology-based solution as part of its Netevia platform utilizing its internal team of software engineers while continuing to assess the technical resources required to implement the Company’s strategic initiatives in this regard. On March 8, 2018, we paid our CEO the previously approved discretionary bonus of $ 300,000 15,000,000

SUMMARY OF SIGNIFICANT ACCOUN24

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Organization [Policy Text Block]	Net Element, Inc. (“We”, “us”, “our” 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. We are differentiated by our proprietary technology which enables us to provide a broad suite of payment products, end-to-end transaction processing services and superior client support. During the year ended December 31, 2016, we operated in three reportable business operating segments: (i) North American Transaction Solutions, (ii) Mobile Solutions, and (iii) Online Solutions. During the year ended December 31, 2017, we consolidated our online and mobile payments business into one segment, International Transaction Solutions. We are able to deliver our services across multiple points of access, or “multi-channel,” including brick and mortar locations, software integration, e-commerce, mobile operator billing, mobile and tablet-based solutions. In the United States, via our U.S. based subsidiaries, we generate revenues from transactional services and other payment technologies for small and medium-sized businesses. Through TOT Group Russia and Net Element Russia, we provide transactional services, mobile payment transactions, online payment transactions and other payment technologies in emerging countries in the Russian Federation, Commonwealth of Independent States (“CIS”), Europe and Asia.
Business Description [Policy Text Block]	Our transactional services business enables merchants to accept credit cards as well as other forms of payment, including debit cards, checks, gift cards, loyalty programs and alternative payment methods in traditional card-present or swipe transactions, as well as card-not-present transactions, such as those conducted over the phone or through the Internet or a mobile device. We market and sell our services through both independent sales groups (“ISGs”), which are non-employee, external sales organizations and other third-party resellers of our 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 local and international merchants. We have agreements with several banks that sponsor us for membership in the Visa ® ® ® ® Our Mobile Solutions business, Digital Provider, provides relationships and contracts with mobile operators that give us the ability to offer our clients in-app, premium SMS (short message services, which is a text messaging service), Wireless Application Protocol (WAP)-click, one click and other carrier billing services. We also market our own branded content as a separate line of business for our mobile commerce business from offices in Russia and Kazakhstan. In August 2017, we substantially reorganized this business, and consolidated its operations into PayOnline and TOT Group Russia. We currently are not generating revenues from new mobile content and we continue to explore partnership opportunities that can monetize our relationships and contracts with mobile operators. PayOnline provides flexible high-tech payment solutions to companies doing business on the Internet or in the mobile environment. PayOnline specializes in integration and customization of payment solutions for websites and mobile apps. In particular, PayOnline arranges payment on the website of any commercial organization, which increases the convenience of using the website and helps maximize the number of successful transactions. In addition, PayOnline is focused on providing online and mobile payment acceptance services to the travel industry through direct integration with leading Global Distribution Systems (“GDS”), which include Amadeus® and Sabre®. Key geographic regions that PayOnline serves include Eastern Europe, Central Asia, Western Europe, North America and Asia major sub regions. PayOnline offices are located in Russia, Kazakhstan and in the Republic of Cyprus. Also part of our transactional services business, Aptito is a proprietary, cloud-based payments platform for the hospitality industry, which creates an online consumer experience in offline commerce environments via tablet, mobile and all other cloud-connected devices. Aptito’s easy to use point-of-sale (“POS”) system makes things easier by providing a comprehensive solution to the hospitality industry to help streamline management and operations. Orders placed tableside by customers directly speed up the ordering process and improve overall efficiency. Aptito's mobile POS system provides portability to the staff while performing all the same functions as a traditional POS system, and more.
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of consolidated 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
Reclassification, Policy [Policy Text Block]	Reclassifications Certain reclassifications have been made to the comparative period amounts to conform to our current period presentation. These reclassifications had no impact on previously presented financial condition or results of operations.
Cash and Cash Equivalents, Policy [Policy Text Block]	We maintain our U.S. dollar-denominated cash in several non-interest bearing bank deposit accounts. All U.S. non-interest bearing transaction accounts are insured up to a maximum of $ 250,000 10,647,524 We maintain $ 186,353 498,308
Trade and Other Accounts Receivable, Policy [Policy Text Block]	Accounts receivable are stated net of an allowance for doubtful accounts. We estimate an allowance based on experience with our service providers and judgment as to the likelihood of their ultimate payment. We also consider collection experience and make estimates regarding collectability based on payout trends of the customers. In Russia, the service providers are subsidiaries of large telecommunication companies and we do not reserve for these receivables given their financial backing and our historical experience with such companies. The allowance for doubtful accounts was $ 256,967 603,031
Other Current Assets [Policy Text Block]	We maintain an inventory of POS terminals which we use to service both merchants and independent sales agents. If the terminals are sold for a fee, we expense the cost of these terminals, plus any setup fees at the time of the sale. Often, we will provide the terminals as an incentive for merchants and independent sales agents to enter into a merchant contracts with us. The term of these contracts have an average length of three years and the cost of the terminal plus any setup fees will be amortized over the contract period. If the merchants terminate their contract with us early, they are obligated to either return the terminal or pay for the terminal. The Company has $ 506,906 311,206 500,701 308,582 188,897 126,643
Property, Plant and Equipment, Policy [Policy Text Block]	Fixed Assets We depreciate our furniture and equipment over a term of three to ten years. Computers and software are depreciated over terms between two and five years. Leasehold improvements are depreciated over the shorter of the economic life or term of each lease. All of our assets are depreciated on a straight-line basis for financial statement purposes. Expenditures for repairs and maintenance are charged to operating expense as incurred. Expenditures that increase the value or productive capacity of assets are capitalized. At the time of retirements, sales, or other dispositions of property and equipment, the original cost and related accumulated depreciation are removed from the respective accounts, and the gains or losses are presented as other expenses.
Goodwill and Intangible Assets, Policy [Policy Text Block]	Goodwill and Other Intangible Assets Intangible assets acquired, either individually or with a group of other assets (but not those acquired in a business combination), are initially recognized and measured based on fair value. Goodwill acquired in business combinations is initially computed as the amount paid by the acquiring company in excess of the fair value of the net assets acquired. The cost of internally developing, maintaining and restoring intangible assets (including goodwill) that are not specifically identifiable, that have indeterminate lives, or that are inherent in a continuing business and related to an entity are recognized as an expense when incurred. An intangible asset (including goodwill) that is not subject to amortization shall be tested for impairment annually or more frequently if events or changes in circumstances indicate that the asset might be impaired. If the carrying amount of an intangible asset exceeds its fair value, an impairment loss shall be recognized in an amount equal to that excess. Goodwill is not amortized. It is the Company's policy to test for impairment no less than annually, by considering qualitative factors to determine whether it is more likely than not that a that the Company's goodwill carrying value is greater than its fair value. Such factors may include the following: a significant decline in expected revenues, significant decline in the Company's stock price, a significant downturn in the general economic business conditions, the loss of key personnel or when conditions occur that may indicate impairment. The Company's intangible assets, which consist of goodwill of $ 9,643,752
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of Long-Lived Assets We review our 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 twelve months ended December 31, 2017 and 2016, we did not recognize any charges for impairment of goodwill or intangible assets.
Capitalized Customer Acquisition Costs [Policy Text Block]	Capitalized customer acquisition costs consist of up-front cash payments made to Independent Sales Groups (“ISGs”) for the establishment of new merchant relationships. Capitalized customer acquisition costs represent incremental, direct customer acquisition costs that are recoverable through gross margins associated with merchant contracts. The up-front cash 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 amounts are receivable but not yet earned and the capitalized acquisition costs are primarily amortized on a straight-line basis over a period of three years. During the years ended December 31, 2017 and 2016, we recorded $ 1,801,685 1,319,820 1,063,687 670,543 2,435,335 1,697,337
Commissions, Policy [Policy Text Block]	Accrued Residual Commissions We report commissions as a cost of revenues in the accompanying consolidated statement of operations and comprehensive loss. We pay agent commissions to ISGs and independent sales agents based on the processing volume of the merchants enrolled. The commission obligations are based on varying percentages of the volume processed by us on behalf of the merchants. Percentages vary based on the program type and transaction volume of each merchant. We report residual commissions as a cost of revenues in the accompanying consolidated statement of operations and comprehensive loss. At December 31, 2017 and 2016 the residual commissions payable to ISGs and independent sales agents were $ 1,821,790 1,347,352 We pay agent commission on annual fees between January and April of each year. We amortize the annual fees paid in equal monthly amounts from date of payment to end of year. We pay our agent commissions for annual fees in advance of recognizing the associated revenue. We deferred $ 1,224,044 863,604
Fair Value of Financial Instruments, Policy [Policy Text Block]	Financial Instruments Convertible securities containing detachable warrants where the conversion price of the security and/or the exercise price of the warrants are affected by the current market price of our common stock are accounted for as derivative financial instruments when the exercise and conversion prices are not considered to be indexed to our stock. For such issuances of convertible securities with detachable warrants, the Company initially records both the warrant and the beneficial conversion feature (“BCF”) at fair value, using option pricing models commonly used by the financial services industry (Black-Scholes-Merton options pricing model) using inputs generally observable in the financial services industry. These derivative financial instruments are marked-to-market each reporting period, with unrealized changes in value reflected in earnings under the caption “gain (loss) on change in fair value of derivative”. For discounts arising from issuances of instruments embedded in a debt security, the discount is presented on the consolidated balance sheets as a discount to the principal amount of the related note payable. For discounts arising from issuances of instruments embedded in an equity security, the discount is presented as a reduction to additional paid-in-capital. The resulting discounts arising from the initial recording of the warrants and BCF are amortized over the term of the host security. The classification of the amortization is based on the nature of the host instrument. In this respect, amortization of discounts associated with debt issuances are classified as interest expense, whereas amortization of discounts associated with preferred stock issuances are classified as preferred stock dividends. At the time a warrant or BCF is exercised or cancelled, the fair value of the derivative financial instrument at the time of exercise/cancellation is calculated, and a realized gain or loss on conversion is determined and reported as “gain (loss) on settlement of derivative”.
Fair Value Measurement, Policy [Policy Text Block]	Our financial instruments consist primarily of cash, accounts receivables, accounts payables. The carrying values of these financial instruments are considered to be representative of their fair values due to the short-term nature of these instruments. The carrying amount of the long-term debt of, $7.0 million and $ 4.4 We measure 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. We use a three-level fair value hierarchy to prioritize the inputs used to measure fair value and maximizes the use of observable inputs and minimizes the use of unobservable inputs. The three levels of inputs used to measure fair value are as follows: Level 1 — Quoted market prices in active markets for identical assets or liabilities as of the reporting date Level 2 — Observable market based inputs or unobservable inputs that are corroborated by market data Level 3 — Unobservable inputs that are not corroborated by market data These non-financial assets and liabilities include intangible assets and liabilities acquired in a business combination as well as impairment calculations, when necessary. The fair value of the assets acquired and liabilities assumed in connection with the PayOnline acquisition, were measured at fair value by us at the acquisition date. The fair values of our 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 our 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 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 See Note 11 for full
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Transactions We are subject to exchange rate risk in our foreign operations in Russia, the functional currency of which is Russian ruble, where we generate service fee revenues and interest income and incurs product development, engineering, website development, and general and administrative costs and expenses. The Russian engineering operations pay a majority of their operating expenses in their local currencies, exposing us to exchange rate risk. The Company does not engage in any currency hedging activities.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition We recognize 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 the processing of a credit card transaction. 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. We record cash received in advance of revenue recognition as deferred revenue. Our revenues for the years ended December 31, 2017 and 2016 are principally derived from the following sources: Transactional Processing Fees: Our transactional processing companies derive revenues primarily from the electronic processing of services including: credit, debit, electronic benefits transfer and alternative payment methods card processing authorized and captured through proprietary and third party networks, electronic gift certificate processing, and equipment support. These revenues are recorded as bankcard and other processing transactions when processed. In addition to generating service fees, Aptito earns monthly fees for use of its platform. 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. Generally, we (i) are the primary obligor in our arrangements with our merchant customers, (ii) have latitude in establishing the price of our services, (iii) have the ability to change the product and perform parts of the services, (iv) have discretion in supplier selection, (v) have latitude in determining the product and service specifications to meet the needs of our merchant customers, and (vi) assume credit risk. In such cases, we report revenues as gross of fees deducted by our sponsoring member banks, as well as fees deducted from card-issuing member banks and card brands (Visa® and MasterCard®) on behalf of our sponsoring member banks for interchange and assessments. These fees charged by the card brands to process the credit card transactions are recorded separately as cost of revenue and interchange fees in the accompanying consolidated statement of operations and comprehensive loss. We have arrangements that included bundled multiple element transactions with merchants encompassing annual PCI (payment card industry) fees, annual membership fees, and monthly processing fees. US GAAP requires and allocation of fees to a bundled transaction based on an allocation of the relative selling prices using vendor specific objective evidence (VSOE) or third party evidence (TPE). Our payment processing business derives revenues primarily from the electronic processing of services including credit, debit and electronic benefits transfer card processing authorized and captured through third party networks, check conversion and guarantee, electronic gift certificate processing, and equipment leasing and sales. These revenues are recorded as bankcard and other processing transactions when processed. Typically, fees charged to merchants for these processing services are based on a variable percentage of the dollar amount of each transaction and in some instances, additional fees are charged for each transaction. Merchant customers may also be charged miscellaneous fees, including statement fees, annual fees, monthly minimum fees, fees for handling chargebacks, gateway fees, and fees for other miscellaneous services. The fair value for annual fees is based on the annual contract renewal price and is deemed to represent stand-alone selling price based upon VSOE. The fair value for processing is based on prices charged by our competitors for similar deliverables when sold separately and is deemed to represent stand-alone selling price based upon TPE. Deferred revenue represents primarily amounts received in advance for annual fee billings and are recognized on a pro rata basis over the service period. Service Fees: Cost of revenues for Digital Provider is comprised primarily of mobile operator fees, content provider fees and fees for short numbers paid to mobile operators. Additionally, penalties and penalty recoveries are recorded as cost of sales. Service revenues for mobile payment processing services are presented net as these revenues are considered to be agency fees. Subscription revenues for our branded content are recognized when a content subscriber initiates the purchase of our access to content using WAP-click, Internet- click, or a SMS-to-short number registered to us. Digital Provider’s subscription revenues are recorded at the amounts charged to the third-party customer. Cost of revenues for Digital Provider branded content includes fees due to mobile operators and marketing partners, as well as short number fees. Cost of revenues for TOT Payments, Aptito and PayOnline is comprised primarily of processing fees paid to third parties attributable to providing transaction processing and service fees for POS system usage by our 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. We also pay Visa® and MasterCard® network dues. 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 brands (Visa/MasterCard) on behalf of its sponsoring member banks for interchange and assessments. These fees charged by the card brands to process the credit card transactions are recorded separately as cost of sales and interchange fees in the accompanying consolidated statement of operations.
Earnings Per Share, Policy [Policy Text Block]	Net Loss per Share Basic net loss per common share is computed by dividing net loss applicable to common stockholders by the weighted-average number of common shares outstanding during the period. Diluted net loss per common share is determined using the weighted-average number of common shares outstanding during the period, adjusted for the dilutive effect of common stock equivalents, consisting of shares issuable upon exercise of common stock options or warrants. In periods when losses are reported, the weighted-average number of common shares outstanding excludes common stock equivalents because their inclusion would have an anti-dilutive effect. At December 31, 2017 and 2016, we had warrants outstanding to purchase 728,583 and 89,389 234,219 193,610
Income Tax, Policy [Policy Text Block]	We account for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined on the basis of the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. We recognize net deferred tax assets to the extent that we believe these assets are more likely than not to be realized. In making such a determination, we consider all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. If we determine that we would be able to realize our deferred tax assets in the future in excess of their net recorded amount, we would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes. We account 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. We classify the liability for unrecognized tax benefits as current to the extent we anticipate 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. Our evaluation of uncertain tax positions was performed for the tax years ended December 31, 2012 and forward, the tax years which remain subject to examination at December 31, 2017.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued and Adopted Accounting Guidance In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2014-09, “Revenue from Contracts with Customers,” which supersedes the revenue recognition requirements in Topic 605, “Revenue Recognition” and requires entities to recognize revenue in a way that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In August 2015, the FASB issued ASU 2015-14, which defers by one year the effective date of ASU 2014-09. Accordingly, this guidance is effective for interim and annual periods beginning after December 15, 2017. We adopted this guidance on January 1, 2018 and do not expect this guidance to have a material effect on our financial position, results of operations and cash flows. In February 2016, the FASB issued ASU 2016-02, “Leases” which, for operating leases, requires a lessee to recognize a right-of-use asset and a lease liability, initially measured at the present value of the lease payments, in its balance sheet. The standard also requires a lessee to recognize a single lease cost, calculated so that the cost of the lease is allocated over the lease term, on a generally straight-line basis. The ASU is effective for public companies for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted. We expect that the adoption of ASU 2016-02 will result in the recognition of management’s recognition of right of use assets and related obligations on our consolidated Balance sheets. In March 2016, the FASB issued Accounting Standards Update 2016-08 Revenue from Contracts with Customers (Topic 606) to clarify implementation guidance on principal versus agent considerations (for reporting revenue on a gross or net basis). The ASU is an amendment to Topic 606, clarifies the implementation guidance, and requires an entity to account for revenue as an agent when another entity controls the specified good or service before that good or service is transferred to the customer. This ASU is effective for annual periods beginning after December 15, 2017. The Company adopted this guidance on January 1, 2018 and did not see a change in reporting revenues resulting from the adoption of this guidance on the Company’s financial position, results of operations and cash flows.

FIXED ASSETS (Tables)

FIXED ASSETS (Tables)	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Fixed assets are stated at acquired cost less accumulated depreciation and amortization as follows: Useful life (in years) December 31, 2017 December 31, 2016 Furniture and equipment 3 - 10 $ 171,082 $ 185,301 Computers 2 - 5 156,958 168,942 Total 328,040 354,243 Less: Accumulated depreciation (269,772) (236,948) Total fixed assets, net $ 58,268 $ 117,295

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets [Table Text Block]	3,127,760 3,589,850 IP Software Portfolios and Client Acquisition PCI Trademarks Domain Names Covenant Not to Total Balance at December 31, 2015 $ 1,548,601 $ 1,489,175 $ 1,048,060 $ 355,458 $ 561,772 $ 339,147 $ 81,667 $ 5,423,880 Additions 102,689 - 1,319,820 - - 83 - 1,422,592 Amortization (1,271,226) $ (704,184) (670,543) (149,668) (234,064) (145,270) (81,667) (3,256,622) Balance at December 31, 2016 $ 380,064 $ 784,991 $ 1,697,337 $ 205,790 $ 327,708 $ 193,960 $ - $ 3,589,850 Additions 48,489 1,801,685 1,850,174 Amortization (209,251) (510,937) (1,063,687) (149,667) $ (235,515) (143,207) (2,312,264) Balance at December , 2017 $ 219,302 $ 274,054 $ 2,435,335 $ 56,123 $ 92,193 $ 50,753 $ - $ 3,127,760
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Year Amortization Expense 2018 1,042,587 2019 1,042,587 2020 1,042,586 Total $ 3,127,760

ACCRUED EXPENSES (Tables)

ACCRUED EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2017
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	The following table details the items comprising the balances outstanding as of December 31, 2017 and December 31, 2016. December 31, 2017 December 31, 2016 Accrued professional fees $ 241,281 $ 220,140 PayOnline accrual 1,438,900 3,784,451 Accrued interest 145,264 183,778 Accrued bonus 1,249,852 774,485 Accrued franchise taxes - 180,000 Accrued foreign taxes 137,141 131,810 Short term loan advances - 174,376 Other accrued expenses 461,992 69,783 $ 3,674,430 $ 5,518,823

DEBT (Tables)

DEBT (Tables)	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments [Table Text Block]	Debt consisted of the following: December 31, 2017 December 31, 2016 RBL Capital Group, LLC $ 4,544,087 $ 4,044,056 Priority Payments Systems LLC 2,238,511 - MBF Merchant Capital, LLC 341,804 520,303 Subtotal 7,124,402 4,564,359 Less Deferred loan costs (106,980) (139,601) Subtotal 7,017,422 4,424,758 Less Current portion (2,493,973) (808,976) Long term debt $ 4,523,449 $ 3,615,782
Schedule of Maturities of Long-term Debt [Table Text Block]	Scheduled principal maturities on indebtedness at December 31, 2017 is as follows: 2018 2,493,973 2019 1,764,245 2020 1,162,308 2021 1,338,621 2022 365,255 Balance December 31, 2017 $ 7,124,402

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Future maturities of lease agreements are as follow: Year $ Amount 2018 $ 184,398 2019 $ 172,248 2020 $ 172,248 2021 $ 172,248 2022 $ 100,478

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	12 Months Ended
	Dec. 31, 2017
Cobblestone Purchase Agreement [Member]
Schedule of Stock Issued under Stock Purchase Agreement [Table Text Block]	In connection with the Cobblestone Purchase Agreement, we issued the following shares of our common stock to Cobblestone during 2017: NUMBER PURCHASE Share DATE SHARES AMOUNT Price 8/16/2017 19,742 $ 72,000 $ 3.65 9/13/2017 19,679 $ 54,000 $ 2.74 9/15/2017 39,723 $ 109,000 $ 2.74 9/18/2017 40,000 $ 160,000 $ 4.00 9/25/2017 60,000 $ 277,500 $ 4.63 9/28/2017 30,000 $ 210,000 $ 7.00 9/29/2017 25,000 $ 175,000 $ 7.00 10/3/2017 50,000 $ 350,000 $ 7.00 10/5/2017 50,000 $ 300,000 $ 6.00 10/16/2017 95,789 $ 455,000 $ 4.75 10/24/2017 414 $ 1,857 $ 4.49 11/27/2017 65,560 $ 250,000 $ 3.81 12/11/2017 77,453 $ 300,000 $ 3.87 12/11/2017 77,453 $ 300,000 $ 3.87 12/12/2017 129,089 $ 500,000 $ 3.87 12/20/2017 140,000 $ 700,000 $ 5.00 12/26/2017 150,000 $ 750,000 $ 5.00 12/27/2017 100,000 $ 500,000 $ 5.00 12/28/2017 146,767 $ 733,835 $ 5.00 TOTAL 1,316,670 $ 6,198,192 $ 4.71
ESOUSA Purchase Agreement [Member]
Schedule of Stock Issued under Stock Purchase Agreement [Table Text Block]	In connection with the ESOUSA Purchase Agreement, we issued the following shares of our common stock to ESOUSA during 2016 and 2017: NUMBER OF PURCHASE Share SHARES AMOUNT Price 9/15/2016 45,455 $ 500,000 $ 11.00 10/25/2016 9,434 $ 100,000 $ 10.60 1/19/2017 24,096 $ 200,000 $ 8.30 1/25/2017 17,647 $ 150,000 $ 8.50 2/8/2017 116,144 $ 1,000,000 $ 8.61 3/23/2017 10,379 $ 87,132 $ 8.40 Total 223,155 $ 2,037,132

WARRANTS AND OPTIONS (Tables)

WARRANTS AND OPTIONS (Tables)	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based Compensation, Stock Options, Activity [Table Text Block]	The following is a summary of the Company’s stock option activity: Stock Option Activity Outstanding at December 31, 2015 146,437 Granted 64,884 Expired (17,711) Outstanding at December 31, 2016 193,610 Granted 45,106 Expired (4,497) Outstanding at December 31, 2017 234,219
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block]	The following table summarizes stock option information at December 31, 2017: Exercise Price Outstanding Remaining $ 134.00 1,021 6.94 $ 24.00 11,434 7.93 $ 21.20 18,241 8.45 $ 8.10 43,310 9.17 $ 22.00 113,572 2.70 $ 21.46 46,643 3.45
Share-based Compensation, Activity [Table Text Block]	The following is a summary of the Company’s warrant activity: Warrant Activity Outstanding at December 31, 2015 89,389 Granted - Expired - Outstanding at December 31, 2016 89,389 Granted 728,583 Expired (89,389) Outstanding at December 31, 2017 728,583
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instrument Other Than Option, Outstanding and Exercisable [Table Text Block]	The following table summarizes warrant information at December 31, 2017: Exercise Price Outstanding Remaining $ 11.12 404,676 5.00 $ 0.01 323,907 5.00

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	The components of income (loss) before income tax provision are as follows: December 31, December 31, 2017 2016 United States $ (7,865,421) $ (11,615,285) Foreign (2,157,628) (2,000,791) $ (10,023,049) $ (13,616,076)
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	The following is a reconciliation of the effective income tax rate with the U.S. federal statutory income tax rate at: December 31, December 31, 2017 2016 U. S. Federal statutory income tax rate 34.0 % 34.0 % State income tax, net of federal tax benefit 4.1 % 4.1 % Currency translation adjustment -2.2 % -0.9 % Foreign income tax -0.9 % -0.4 % Difference in foreign tax rates 5.2 % 3.4 % Change in valuation allowance -28.9 % -40.5 % Change in tax rates -12.2 % 0 % Effective income tax rate -0.9 % -0.4 %
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Significant components of our deferred tax assets and liabilities are as follows: December 31, December 31, 2017 2016 Deferred tax assets: Net operating loss carry forwards $ 14,800,451 $ 19,556,555 Stock based compensation 741,275 906,087 Basis difference in goodwill 1,471,976 2,604,306 Basis difference in fixed assets 8,792 19,899 Basis difference in intangible assets 1,313,547 1,714,761 Allowance for bad debt (US) - - Stock price guarantee adjustment - 1,416,870 Valuation allowance for deferred tax assets (18,336,041) (26,218,478) Total deferred tax assets - - Deferred tax liabilities: Basis difference in goodwill - - Basis difference in fixed assets - - Basis difference in intangible assets - - Total deferred tax liabilities - - Net deferred taxes $ - $ -

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Revenue from External Customers by Geographic Areas [Table Text Block]	2017 2017 2016 2016 North America $ 51,138,327 $ 9,778,888 $ 42,130,901 $ 9,468,105 Russia and CIS 8,926,497 3,511,403 12,155,957 4,625,602
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The following tables present financial information of the Company’s reportable segments at December 31, 2017. The “corporate and eliminations” column includes all corporate expenses and intercompany eliminations for consolidated purposes. Twelve months ended December 31, 2017 North America International Transaction CORP EXP Total Net revenues $ 51,138,327 $ 8,926,497 $ - 60,064,824 Cost of revenues 44,265,264 6,971,948 - 51,237,212 Gross Margin 6,873,063 1,954,549 - 8,827,612 Gross margin % 13 % 22 % 0 % 15 % General, administrative, and asset disposal 3,281,547 3,033,360 4,314,866 10,629,773 Non-cash compensation - - 2,940,424 2,940,424 Provision (recovery) for bad debt 1,408,908 (89,260) 1,200 1,320,848 Depreciation and amortization 1,480,603 1,053,382 - 2,533,985 Interest expense (income), net 997,429 -34,776 226,969 1,189,622 Other expenses (income) 48,549 178,576 8,884 236,009 Net (loss) income for segment (343,973) (2,186,733) (7,492,343) (10,023,049) Segment assets 28,235,321 4,096,109 - 32,331,430 Twelve months ended December 31, 2016 North America International Transaction CORP EXP Total Net revenues $ 42,130,901 12,155,958 $ - 54,286,859 Cost of revenues 36,342,465 9,365,776 - 45,708,241 Gross Margin 5,788,436 2,790,182 - 8,578,618 Gross margin % 14 % 23 % - 16 % General, administrative, and asset disposal 2,603,329 2,768,116 3,426,438 8,797,883 Non-cash compensation - - 3,463,435 3,463,435 Provision (recovery) for bad debt 1,173,815 513,922 500 1,688,237 Depreciation and amortization 1,201,268 1,896,987 368,256 3,466,511 Interest expense (income), net 555,212 23,412 885,209 1,463,833 Loss from stock value guarantee - - 3,722,142 3,722,142 Other expenses (income) 4,118 (411,465) - (407,346) Net (loss) income for segment 250,694 (2,000,790) (11,865,981) (13,616,076) Segment assets 14,794,400 7,810,814 564,853 23,170,067 Twelve months ended December 31, 2016 North America Transaction Mobile Solutions Online Solutions Corporate Expenses & Eliminations Total Net revenues $ 42,130,901 $ 5,933,281 $ 6,222,677 $ - $ 54,286,859 Cost of revenues 36,342,465 5,287,960 4,077,816 - 45,708,241 Gross Margin 5,788,436 645,321 2,144,860 - 8,578,618 Gross margin % 14 % 11 % 34 % - 16 % General, administrative, and asset disposal 2,603,329 20,924 2,003,388 4,170,242 8,797,883 Non-cash compensation - - - 3,463,435 3,463,435 Provision (recovery) for bad debt 1,173,815 511,772 2,760 (109) 1,688,237 Depreciation and amortization 1,201,268 18,970 1,837,709 408,564 3,466,511 Interest expense (income), net 555,212 (42,760) (28,670) 980,051 1,463,833 Loss from stock value guarantee - - - 3,722,142 3,722,142 Other expenses (income) 4,118 (446,592) 32,950 2,179 (407,346) Net (loss) income for segment $ 250,694 $ 583,008 $ (1,703,278) $ (12,746,503) $ (13,616,077) Segment assets $ 14,794,400 $ 2,685,673 $ 5,125,140 $ 564,853 $ 23,170,067

SUMMARY OF SIGNIFICANT ACCOUN34

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Significant accounting policies [Line Items]
Long-term Debt, Total	$ 7,017,422	$ 4,424,758
Cash FDIC Insured Amount Cash Noninterest Bearing Transaction Accounts	250,000
Cash Insured Amount, Exceed FDIC Limits	10,647,524
Foreign bank balances that are not FDIC insured	186,353	498,308
Terminals Acquired Amount, Net	506,906	311,206
Terminals Acquired Amount, Net Held With Merchants	500,701	308,582
Terminals Amortization Amount Net	188,897	126,643
Accrued Sales Commission, Current	1,821,790	1,347,352
Deferred Sales Commission	1,224,044	863,604
Finite-lived Intangible Assets Acquired	1,850,174	1,422,592
Finite-Lived Intangible Assets, Net	3,127,760	3,589,850	$ 5,423,880
Allowance for Doubtful Accounts Receivable	256,967	603,031
Goodwill	$ 9,643,752	$ 9,643,752
Warrant [Member]
Significant accounting policies [Line Items]
Warrants issued and outstanding that are anti-dilutive in effect	728,583	89,389
Employee Stock Option [Member]
Significant accounting policies [Line Items]
Warrants issued and outstanding that are anti-dilutive in effect	234,219	193,610
Customer Acquiaition Cost [Member]
Significant accounting policies [Line Items]
Finite-lived Intangible Assets Acquired	$ 1,063,687	$ 670,543
Finite-Lived Intangible Assets, Net	$ 2,435,335	$ 1,697,337

BASIS OF PRESENTATION AND PRI35

BASIS OF PRESENTATION AND PRINCIPLES OF CONSOLIDATION (Details Textual)	12 Months Ended
	Dec. 31, 2017
TOT Group [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions	100.00%
Florida Aptito LLC [Member]
Organization, Consolidation and Presentation of Financial Statements [Line Items]
Noncontrolling Interest, Ownership Percentage by Parent	80.00%

LIQUIDITY AND GOING CONCERN C36

LIQUIDITY AND GOING CONCERN CONSIDERATIONS (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Liquidity and Going Concern Considerations [Line Items]
Net income (loss)	$ (9,913,485)	$ (13,487,537)
Working capital deficit	4,800,000
Accumulated deficit	$ (167,356,070)	$ (157,442,585)

ACCOUNTS RECEIVABLE (Details Te

ACCOUNTS RECEIVABLE (Details Textual) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 5,472,856	$ 7,126,429
Allowance for Doubtful Accounts Receivable, Current	256,967	603,031
Mobile Operators [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	57,754	2,577,296
Pay Online [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 5,415,102	$ 4,549,133

FIXED ASSETS (Details)

FIXED ASSETS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Total fixed assets, gross	$ 328,040	$ 354,243
Less: Accumulated depreciation	(269,772)	(236,948)
Total fixed assets, net	58,268	117,295
Furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Total fixed assets, gross	171,082	185,301
Computers [Member]
Property, Plant and Equipment [Line Items]
Total fixed assets, gross	$ 156,958	$ 168,942
Maximum [Member] | Furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Useful life (in years)	10 years
Maximum [Member] | Computers [Member]
Property, Plant and Equipment [Line Items]
Useful life (in years)	5 years
Minimum [Member] | Furniture and equipment [Member]
Property, Plant and Equipment [Line Items]
Useful life (in years)	3 years
Minimum [Member] | Computers [Member]
Property, Plant and Equipment [Line Items]
Useful life (in years)	2 years

FIXED ASSETS (Details Textual)

FIXED ASSETS (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Depreciation	$ 32,824	$ 83,245

INTANGIBLE ASSETS (Details)

INTANGIBLE ASSETS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Balance Beginning	$ 3,589,850	$ 5,423,880
Additions	1,850,174	1,422,592
Amortization	(2,312,264)	(3,256,622)
Balance Ending	3,127,760	3,589,850
IP Software [Member]
Finite-Lived Intangible Assets [Line Items]
Balance Beginning	380,064	1,548,601
Additions	48,489	102,689
Amortization	(209,251)	(1,271,226)
Balance Ending	219,302	380,064
Portfolios and Client Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Balance Beginning	784,991	1,489,175
Additions		0
Amortization	(510,937)	(704,184)
Balance Ending	274,054	784,991
Client Acquisition Costs [Member]
Finite-Lived Intangible Assets [Line Items]
Balance Beginning	1,697,337	1,048,060
Additions	1,801,685	1,319,820
Amortization	(1,063,687)	(670,543)
Balance Ending	2,435,335	1,697,337
PCI Certification [Member]
Finite-Lived Intangible Assets [Line Items]
Balance Beginning	205,790	355,458
Additions		0
Amortization	(149,667)	(149,668)
Balance Ending	56,123	205,790
Tradmarks [Member]
Finite-Lived Intangible Assets [Line Items]
Balance Beginning	327,708	561,772
Additions		0
Amortization	(235,515)	(234,064)
Balance Ending	92,193	327,708
Domain Names [Member]
Finite-Lived Intangible Assets [Line Items]
Balance Beginning	193,960	339,147
Additions		83
Amortization	(143,207)	(145,270)
Balance Ending	50,753	193,960
Covenent Not to Compete [Member]
Finite-Lived Intangible Assets [Line Items]
Balance Beginning	0	81,667
Additions		0
Amortization		(81,667)
Balance Ending	$ 0	$ 0

INTANGIBLE ASSETS (Details 1)

INTANGIBLE ASSETS (Details 1) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
2,018	$ 1,042,587
2,019	1,042,587
2,020	1,042,586
Total	$ 3,127,760	$ 3,589,850	$ 5,423,880

INTANGIBLE ASSETS (Details Text

INTANGIBLE ASSETS (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 2,312,264	$ 3,256,622
Finite-Lived Intangible Assets, Net	3,127,760	3,589,850	$ 5,423,880
Costs Incurred, Development Costs	48,489	102,689
Cost of Goods Sold, Amortization	2,501,161	3,383,265
Amortization	2,312,264	3,256,622
Finite-lived Intangible Assets Acquired	1,850,174	1,422,592
Cost of Sales [Member]
Finite-Lived Intangible Assets [Line Items]
Cost of Goods Sold, Amortization	$ 188,897	126,643
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Remaining Amortization Period	36 months
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Remaining Amortization Period	15 months
Point Of Sale Software [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	$ 48,489	1,469
Payment Processing Software [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	0	89,101
Mobile Payments Billing Software [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	0	12,119
Portfolios and Client Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	510,937	704,184
Finite-Lived Intangible Assets, Net	274,054	784,991	$ 1,489,175
Finite-lived Intangible Assets Acquired		0
Computer Software, Intangible Asset [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	209,251	1,271,226
PCI Certifiction [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	149,667	149,668
Finite-Lived Intangible Assets, Net	56,123	205,790
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	235,515	234,064
Finite-Lived Intangible Assets, Net	92,193	327,708
Merchant portfolios [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Net	50,753	193,960
Internet Domain Names [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 143,207	$ 145,270

ACCRUED EXPENSES (Details)

ACCRUED EXPENSES (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Accounts Payable and Accrued Liabilities [Line Items]
Accrued professional fees	$ 241,281	$ 220,140
PayOnline accrual	1,438,900	3,784,451
Accrued interest	145,264	183,778
Accrued bonus	1,249,852	774,485
Accrued franchise taxes	0	180,000
Accrued foreign taxes	137,141	131,810
Short term loan advances	0	174,376
Other accrued expenses	461,992	69,783
Accrued expenses	$ 3,674,430	$ 5,518,823

ACCRUED EXPENSES (Details Textu

ACCRUED EXPENSES (Details Textual) - USD ($)	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Accounts Payable and Accrued Liabilities [Line Items]
Accrued Liabilities, Current		$ 3,674,430	$ 5,518,823
Accrued Pay Online Earn out Current		1,100,000	1,400,000
Interest Payable, Current		145,264	183,778
Stock Price Guarantee Obligation			2,000,000
Other Accrued Liabilities, Current		461,992	$ 69,783
Foreign Tax Authority [Member]
Accounts Payable and Accrued Liabilities [Line Items]
Accrual for Taxes Other than Income Taxes, Current		$ 137,140
Foreign Tax Authority [Member] | Scenario, Plan [Member]
Accounts Payable and Accrued Liabilities [Line Items]
Accrual for Taxes Other than Income Taxes, Current	$ 131,810

SHORT TERM LOANS (Details Textu

SHORT TERM LOANS (Details Textual) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Short-term Debt [Line Items]
Notes Payable, Current	$ 2,493,973	$ 808,976

DEBT (Details)

DEBT (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 7,124,402
Less Deferred loan costs	(106,980)	$ (139,601)
Subtotal	7,017,422	4,424,758
Less Current portion	(2,493,973)	(808,976)
Long term debt	4,523,449	3,615,782
RBL Capital Group, LLC [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	4,544,087	4,044,056
Priority Payments Systems LLC [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	2,238,511	0
MBF Merchant Capital LLC [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	341,804	520,303
Subtotal [Member]
Debt Instrument [Line Items]
Long-term Debt, Gross	$ 7,124,402	$ 4,564,359

DEBT (Details 1)

DEBT (Details 1)	Dec. 31, 2017USD ($)
2,018	$ 2,493,973
2,019	1,764,245
2,020	1,162,308
2,021	1,338,621
2,022	365,255
Balance December 31, 2017	$ 7,124,402

DEBT (Details Textual)

DEBT (Details Textual) - USD ($)	Jun. 01, 2017	Mar. 30, 2017	Mar. 01, 2017	Dec. 15, 2016	Sep. 15, 2016	Aug. 15, 2016	Jul. 15, 2016	May 20, 2016	May 04, 2016	Feb. 10, 2015	Oct. 31, 2017	Aug. 31, 2017	Aug. 29, 2017	May 24, 2017	May 19, 2017	May 18, 2017	Apr. 26, 2017	Apr. 17, 2017	Dec. 20, 2016	Nov. 07, 2016	Jun. 30, 2016	Jun. 23, 2016	Apr. 19, 2016	Mar. 28, 2016	Mar. 27, 2015	Jul. 17, 2014	Jun. 30, 2014	Jun. 30, 2016	Dec. 31, 2017	Dec. 31, 2016	Aug. 02, 2017	Jun. 27, 2017	Jul. 31, 2016	May 02, 2016	Jul. 31, 2014
Debt Instrument [Line Items]
Long-term Debt, Total																													$ 7,017,422	$ 4,424,758
Working Capital Deficit																													4,800,000
Debt Instrument, Interest Rate During Period			12.00%
Priority Payment Systems LLC [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity																													2,500,000
Long-term Line of Credit																													$ 2,238,511
Debt Instrument, Interest Rate During Period																													10.25%
Repayments of Lines of Credit																													$ 650,489
Proceeds from Issuance of Debt																$ 2,000,000													2,889,000
Priority Payments Systems LLC [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity																																$ 2,500,000
Backend Fee Percentage																6.00%
MBF Merchant Capital LLC [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage													13.95%
Debt Instrument, Periodic Payment													$ 29,288.76								$ 17,224		$ 14,617	$ 7,990
Debt Instrument, Face Amount													275,000										$ 300,000	$ 75,000									$ 353,500
Debt Instrument, Periodic Payment, Interest													$ 29,289
Debt Instrument, Interest Rate During Period																					15.50%		15.50%	14.00%
Front End Fee Percentage													2.00%																				1.00%
Backend Fee Percentage													4.00%										6.00%	6.00%									6.60%
MBF Merchant Capital LLC [Member] | Promissory Note One [Member]
Debt Instrument [Line Items]
Long-term Debt, Total																														23,420
MBF Merchant Capital LLC [Member] | Promissory Note Two [Member]
Debt Instrument [Line Items]
Long-term Debt, Total																													74,177	221,826
MBF Merchant Capital LLC [Member] | Promissory Note Three [Member]
Debt Instrument [Line Items]
Long-term Debt, Total																													98,829	275,056
MBF Merchant Capital LLC [Member] | Promissory Note Four [Member] | Priority Payment Systems LLC [Member]
Debt Instrument [Line Items]
Long-term Debt, Total																													168,798
RBL Capital Group LLC [Member]
Debt Instrument [Line Items]
Debt Instrument, Periodic Payment	$ 124,607	$ 2,753		$ 8,906	$ 9,591	$ 10,961	$ 9,591	$ 10,961	$ 6,850	$ 10,911		$ 2,945		$ 4,129	$ 2,065		$ 108,759		$ 110,814	$ 9,591		$ 5,206			$ 6,819	$ 90,421			121,810
Debt Instrument, Face Amount	$ 4,044,055	$ 100,000		$ 325,000	$ 350,000	$ 400,000	$ 350,000	$ 400,000	$ 250,000	$ 400,000		$ 106,000		150,000	$ 75,000			$ 400,000	4,044,055	$ 350,000		$ 190,000			$ 250,000				$ 4,438,087		$ 106,000				$ 3,000,000
Debt Conversion, Converted Instrument, Amount														$ 150,000			$ 75,000
Debt Conversion, Converted Instrument, Shares Issued										21,928				23,058			10,235								9,174
Line of Credit Facility, Maximum Borrowing Capacity																											$ 10,000,000
Line of Credit Facility, Interest Rate During Period	14.19%
Debt Instrument, Periodic Payment, Interest																		$ 11,011	$ 47,686
Long-term Line of Credit																	$ 4,044,055																		3,315,000
Debt Instrument, Interest Rate During Period		14.40%		14.15%	14.15%	14.15%	14.15%	14.15%	14.15%	13.90%		14.90%		14.40%	14.40%			14.40%	14.15%	14.15%		14.15%			13.90%	13.90%	13.90%
Payments of Debt Issuance Costs										$ 8,000															$ 5,000
Debt Instrument, Term																													18 months
Front End Fee Percentage		2.00%		2.00%	2.00%	2.00%	2.00%	2.00%	2.00%			2.00%		2.00%	2.00%			2.00%		2.00%		2.00%				2.00%
Backend Fee Percentage		4.00%		4.00%	4.00%	4.00%	4.00%	4.00%	4.00%			4.00%		4.00%	4.00%			4.00%		4.00%		4.00%				4.00%
Back End Refinancing Fee																			$ 104,600
Front End Refinancing Fee																			$ 20,000
Interest Extension Term Fee											$ 12,000
RBL Capital Group LLC [Member] | Minimum [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity																																		$ 10,000,000
RBL Capital Group LLC [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity																																		15,000,000
RBL Capital Group LLC [Member] | Letter of Credit [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity																													$ 10,455,912	$ 10,455,087
Debt Instrument, Debt Default, Description of Violation or Event of Default																													After maturity of the loan, until all borrowings are paid in full, with respect to the advances under the credit facility, an additional three percent per annum would be added to such interest rate, and for any other amounts, obligations or payments due to RBL, an annual default rate not to exceed the lesser of (i) the prime rate plus 13% per annum and (ii) 18.635% per annum.
RBL Capital Group LLC [Member] | Letter of Credit [Member] | Prime Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate																											10.65%
RBL Capital Group LLC [Member] | MBF Loan [Member]
Debt Instrument [Line Items]
Working Capital Deficit																																			$ 239,000
Crede CG III, Ltd. [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount																									$ 250,000
Debt Conversion, Converted Instrument, Shares Issued																												135,237	60,944	166,340
Long-term Debt, Total																																		$ 3,965,000
Proceeds from Lines of Credit																										$ 1,849,481				$ 1,849,481

CONCENTRATIONS (Details Textual

CONCENTRATIONS (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Concentration Risk [Line Items]
Revenues	$ 60,064,824	$ 54,286,859
Revenue, Other Financial Services	58,723,928	48,784,855
Fees and Commissions	$ 1,340,896	$ 5,502,004
Credit Card Processing Revenue [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	77.00%	69.00%
Mobile Electronic Payment Revenue [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	5.00%	3.00%
Mobile Internet Solutions [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage		4.00%
Cynergy Data [Member] | Credit Card Processing Revenue [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	5.00%	5.00%
NPC [Member] | Credit Card Processing Revenue [Member]
Concentration Risk [Line Items]
Concentration Risk, Percentage	5.20%	6.00%

COMMITMENTS AND CONTINGENCIES50

COMMITMENTS AND CONTINGENCIES (Details)	Dec. 31, 2017USD ($)
Commitments And Contingencies [Line Items]
2,018	$ 184,398
2,019	172,248
2,020	172,248
2,021	172,248
2,022	$ 100,478

COMMITMENTS AND CONTINGENCIES51

COMMITMENTS AND CONTINGENCIES (Details Textual)	Aug. 03, 2017shares	Aug. 02, 2017USD ($)a	Aug. 06, 2014shares	May 10, 2013USD ($)	Jul. 31, 2022USD ($)	Oct. 25, 2016USD ($)	Dec. 31, 2017USD ($)a	Dec. 31, 2016USD ($)
Commitments And Contingencies [Line Items]
Stock Issued During Period, Shares, Acquisitions | shares	45,676
Refundable Merchant Deposit Reserves						$ 1,433,475
Operating Leases, Rent Expense							$ 84,457
Stock Issued During Period, Value, Acquisitions							$ 105,966
Florida [Member]
Commitments And Contingencies [Line Items]
Area of Land | a							4,101
Operating Leases, Rent Expense		$ 14,353.50		$ 16,800			$ 19,448	$ 233,377
Suite 805 [Member]
Commitments And Contingencies [Line Items]
Area of Land | a		1,375
Stock Issued During Period, Shares, Acquisitions | shares			12,500
Operating Leases, Rent Expense		$ 20,535			$ 246,420
Shares Pledged As Collateral | shares			12,500
Aptito, LLC [Member]
Commitments And Contingencies [Line Items]
Stock Issued During Period, Shares, Acquisitions | shares			12,500
Shares Pledged As Collateral | shares			12,500
Estimated Litigation Liability							200,000
Pay Online System Leases [Member]
Commitments And Contingencies [Line Items]
Stock Issued During Period, Value, Acquisitions							$ 252,223
Pay Online System Leases [Member] | Second Regional Office [Member]
Commitments And Contingencies [Line Items]
Area of Land | a							156
Operating Leases, Rent Expense							$ 1,527
Pay Online System Leases [Member] | New Regional Office [Member]
Commitments And Contingencies [Line Items]
Area of Land | a							4,675
Net Labs Systems, LLC [Member]
Commitments And Contingencies [Line Items]
Area of Land | a							1,654
Operating Leases, Rent Expense							$ 24,300

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Textual) - USD ($)	Mar. 01, 2017	Oct. 20, 2017	Dec. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Debt Instrument, Interest Rate During Period	12.00%
Debt Instrument, Periodic Payment, Principal	$ 348,083
Interest Payable	$ 3,481
Star Equities, LLC [Member]
Related Party Transaction [Line Items]
Debt Conversion, Original Debt, Amount		$ 348,083.32
Notes and Loans Payable		$ 374,253.13
Debt Conversion, Converted Instrument, Shares Issued		67,312
Prime Portfolios, LLC [Member]
Related Party Transaction [Line Items]
Payments for Commissions			$ 98,194	$ 107,235
Key of Management [Member]
Related Party Transaction [Line Items]
Payments for Commissions			$ 40,247

STOCKHOLDERS_ EQUITY (Details)

STOCKHOLDERS’ EQUITY (Details) - USD ($)	Aug. 03, 2017	Dec. 31, 2017
Subsequent Event [Line Items]
Number of Shares	45,676
Purchase Amount		$ 105,966
Share Price	$ 4.38
Cobblestone Capital Partners LLC [Member]
Subsequent Event [Line Items]
Number of Shares		1,316,670
Purchase Amount		$ 6,198,192
Share Price		$ 4.71
ESOUSA Holdings, LLC [Member]
Subsequent Event [Line Items]
Number of Shares		223,155
Purchase Amount		$ 2,037,132
Issue Date,August 16, 2017 [Member] | Cobblestone Capital Partners LLC [Member]
Subsequent Event [Line Items]
Number of Shares		19,742
Purchase Amount		$ 72,000
Share Price		$ 3.65
Issue Date,September 13, 2017 [Member] | Cobblestone Capital Partners LLC [Member]
Subsequent Event [Line Items]
Number of Shares		19,679
Purchase Amount		$ 54,000
Share Price		$ 2.74
Issue Date,September 15, 2017 [Member] | Cobblestone Capital Partners LLC [Member]
Subsequent Event [Line Items]
Number of Shares		39,723
Purchase Amount		$ 109,000
Share Price		$ 2.74
Issue Date,September 18, 2017 [Member] | Cobblestone Capital Partners LLC [Member]
Subsequent Event [Line Items]
Number of Shares		40,000
Purchase Amount		$ 160,000
Share Price		$ 4
Issue Date,September 25, 2017 [Member] | Cobblestone Capital Partners LLC [Member]
Subsequent Event [Line Items]
Number of Shares		60,000
Purchase Amount		$ 277,500
Share Price		$ 4.63
Issue Date,September 28, 2017 [Member] | Cobblestone Capital Partners LLC [Member]
Subsequent Event [Line Items]
Number of Shares		30,000
Purchase Amount		$ 210,000
Share Price		$ 7
Issue Date,September 29, 2017 [Member] | Cobblestone Capital Partners LLC [Member]
Subsequent Event [Line Items]
Number of Shares		25,000
Purchase Amount		$ 175,000
Share Price		$ 7
Issue Date,October 03, 2017 [Member] | Cobblestone Capital Partners LLC [Member]
Subsequent Event [Line Items]
Number of Shares		50,000
Purchase Amount		$ 350,000
Share Price		$ 7
Issue Date,October 05, 2017 [Member] | Cobblestone Capital Partners LLC [Member]
Subsequent Event [Line Items]
Number of Shares		50,000
Purchase Amount		$ 300,000
Share Price		$ 6
Issue Date,October 16, 2017 [Member] | Cobblestone Capital Partners LLC [Member]
Subsequent Event [Line Items]
Number of Shares		95,789
Purchase Amount		$ 455,000
Share Price		$ 4.75
Issue Date,October 24, 2017 [Member] | Cobblestone Capital Partners LLC [Member]
Subsequent Event [Line Items]
Number of Shares		414
Purchase Amount		$ 1,857
Share Price		$ 4.49
Issue Date,November 27, 2017 [Member] | Cobblestone Capital Partners LLC [Member]
Subsequent Event [Line Items]
Number of Shares		65,560
Purchase Amount		$ 250,000
Share Price		$ 3.81
Issue Date,December 11, 2017 [Member] | Cobblestone Capital Partners LLC [Member]
Subsequent Event [Line Items]
Number of Shares		77,453
Purchase Amount		$ 300,000
Share Price		$ 3.87
Issue Date, December 11, 2017 [Member] | Cobblestone Capital Partners LLC [Member]
Subsequent Event [Line Items]
Number of Shares		77,453
Purchase Amount		$ 300,000
Share Price		$ 3.87
Issue Date,December 12, 2017 [Member] | Cobblestone Capital Partners LLC [Member]
Subsequent Event [Line Items]
Number of Shares		129,089
Purchase Amount		$ 500,000
Share Price		$ 3.87
Issue Date,December 20, 2017 [Member] | Cobblestone Capital Partners LLC [Member]
Subsequent Event [Line Items]
Number of Shares		140,000
Purchase Amount		$ 700,000
Share Price		$ 5
Issue Date,December 26, 2017 [Member] | Cobblestone Capital Partners LLC [Member]
Subsequent Event [Line Items]
Number of Shares		150,000
Purchase Amount		$ 750,000
Share Price		$ 5
Issue Date,December 27, 2017 [Member] | Cobblestone Capital Partners LLC [Member]
Subsequent Event [Line Items]
Number of Shares		100,000
Purchase Amount		$ 500,000
Share Price		$ 5
Issue Date,December 28, 2017 [Member] | Cobblestone Capital Partners LLC [Member]
Subsequent Event [Line Items]
Number of Shares		146,767
Purchase Amount		$ 733,835
Share Price		$ 5
Issue Date,September 15, 2016 [Member] | ESOUSA Holdings, LLC [Member]
Subsequent Event [Line Items]
Number of Shares		45,455
Purchase Amount		$ 500,000
Share Price		$ 11
Issue Date,October 25, 2016 [Member] | ESOUSA Holdings, LLC [Member]
Subsequent Event [Line Items]
Number of Shares		9,434
Purchase Amount		$ 100,000
Share Price		$ 10.60
Issue Date,January 19, 2017 [Member] | ESOUSA Holdings, LLC [Member]
Subsequent Event [Line Items]
Number of Shares		24,096
Purchase Amount		$ 200,000
Share Price		$ 8.30
Issue Date,January 25, 2017 [Member] | ESOUSA Holdings, LLC [Member]
Subsequent Event [Line Items]
Number of Shares		17,647
Purchase Amount		$ 150,000
Share Price		$ 8.50
Issue Date,February 08, 2017 [Member] | ESOUSA Holdings, LLC [Member]
Subsequent Event [Line Items]
Number of Shares		116,144
Purchase Amount		$ 1,000,000
Share Price		$ 8.61
Issue Date,March 23, 2017 [Member] | ESOUSA Holdings, LLC [Member]
Subsequent Event [Line Items]
Number of Shares		10,379
Purchase Amount		$ 87,132
Share Price		$ 8.40

STOCKHOLDERS' EQUITY (Details T

STOCKHOLDERS' EQUITY (Details Textual) - USD ($)	Aug. 03, 2017	Jul. 05, 2017	Feb. 28, 2017	Aug. 15, 2016	Jul. 06, 2016	Jun. 13, 2016	Apr. 12, 2016	Jun. 12, 2015	Dec. 29, 2017	Dec. 28, 2017	Oct. 20, 2017	Jul. 19, 2017	Sep. 30, 2016	Jun. 13, 2016	Jan. 25, 2016	Jul. 17, 2014	Mar. 31, 2017	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2017	Dec. 31, 2016	Oct. 02, 2017	May 02, 2016	Dec. 31, 2015	Mar. 27, 2015	Feb. 10, 2015
Class of Warrant or Right [Line Items]
Stock Issued During Period, Value, Acquisitions																				$ 105,966
Common Stock, Par or Stated Value Per Share																		$ 0.0001		$ 0.0001	$ 0.0001
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number																		193,610		234,219	193,610			146,437
Common Stock, Shares Authorized						400,000,000		300,000,000						400,000,000				100,000,000		100,000,000	100,000,000
Shares Issued, Price Per Share	$ 4.38
Stock Issued During Period, Value, Share-based Compensation, Gross														$ 1,007,000
Stock Issued During Period, Shares, Purchase of Assets														47,500
Increase In Common Stock Shares Authorized								100,000,000						100,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period																				4,497	17,711
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross																				45,106	64,884
Stock Issued During Period, Shares, Acquisitions	45,676
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable		$ 200,000
Long-term Purchase Commitment, Amount		$ 10,000,000			$ 10,000,000
Long-term Debt, Total																		$ 4,424,758		$ 7,017,422	$ 4,424,758
Pay Online [Member]
Class of Warrant or Right [Line Items]
Stock Issued During Period, Shares, New Issues												30,759
Stock Issued During Period, Value, Acquisitions												$ 252,223
Stock Issued During Period, Shares, Purchase of Assets															4,257
Stock Issued During Period, Shares, Acquisitions																	13,082
Payments to Acquire Businesses, Gross																	$ 108,583
Increase (Decrease) in Liability for Claims and Claims Adjustment Expense Reserve												$ 1,400,000
Warrant [Member]
Class of Warrant or Right [Line Items]
Warrant Term									5 years
Class of Warrant or Right, Exercise Price of Warrants or Rights																		$ 750		$ 6.20	$ 750
Minimum [Member]
Class of Warrant or Right [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price																				8.10
Common Stock, Shares Authorized																						100,000,000
Maximum [Member]
Class of Warrant or Right [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price																				$ 134
Common Stock, Shares Authorized																						300,000,000
Employee Stock Option [Member]
Class of Warrant or Right [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number																				74,004
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price						$ 21.20								$ 21.20				26		$ 15.50	$ 26
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term																				8 years 9 months 7 days	9 years 2 months 5 days
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period						18,241															33,396
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period						10 years
Share-based Compensation Arrangement by Share-based Payment Award Accelerated Compensation Cost						$ 386,705
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period							1,600,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			45,105							134,161
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period			62,668
Share-based Compensation Award, Tranche One [Member] | Employee Stock Option [Member]
Class of Warrant or Right [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage			50.00%
Share-based Compensation Award, Tranche Two [Member] | Employee Stock Option [Member]
Class of Warrant or Right [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage			50.00%
Star Equities, LLC [Member]
Class of Warrant or Right [Line Items]
Debt Conversion, Original Debt, Amount											$ 348,083
Debt Conversion, Converted Instrument, Shares Issued											67,312
Notes and Loans Payable											$ 374,253
Crede CG III, Ltd. [Member]
Class of Warrant or Right [Line Items]
Debt Conversion, Original Debt, Amount																$ 3,315,000				$ 330,969
Debt Conversion, Converted Instrument, Shares Issued																			135,237	60,944	166,340
Debt Instrument, Convertible, Conversion Price																		$ 16.80		$ 6.83	$ 16.80
Debt Instrument, Face Amount																									$ 250,000
Debt Conversion Converted Instrument Exchange Premium																		$ 487,064		$ 52,972
Long-term Debt, Total																							$ 3,965,000
Proceeds from Lines of Credit																$ 1,849,481					$ 1,849,481
Interest Expense, Debt																		$ 302,294
Crede CG III, Ltd. [Member] | RBL Capital Group LLC [Member]
Class of Warrant or Right [Line Items]
Debt Conversion, Original Debt, Amount																				$ 3,315,000	$ 2,499,481
Debt Instrument, Face Amount																										$ 400,000
Restricted Stock [Member] | Share-based Compensation Award, Tranche One [Member]
Class of Warrant or Right [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage			50.00%
Restricted Stock [Member] | Share-based Compensation Award, Tranche Two [Member]
Class of Warrant or Right [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage			50.00%
Restricted Stock [Member] | Chief Executive Officer [Member]
Class of Warrant or Right [Line Items]
Stock Issued During Period, Shares, New Issues			47,139
Deferred Compensation Arrangement with Individual, Recorded Liability			$ 300,000
Plan 2013 [Member]
Class of Warrant or Right [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant																		128,026		240,996	128,026
Plan 2013 [Member] | Board of Directors [Member]
Class of Warrant or Right [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost, Total																				$ 130,499	$ 7,363
Incentive Stock Option [Member] | Employee Stock Option [Member]
Class of Warrant or Right [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Shares Issued in Period													7,031
Stock Issued During Period, Value, Share-based Compensation, Gross													$ 532,701
Prepaid Warrants [Member]
Class of Warrant or Right [Line Items]
Warrant Term									5 years
Wayne Orkin [Member]
Class of Warrant or Right [Line Items]
Stock Issued During Period, Shares, Share-based Compensation, Gross				200,000
Stock Issued During Period, Shares, Purchase of Assets				9,569
ESOUSA [Member] | Warrant [Member]
Class of Warrant or Right [Line Items]
Stock Issued During Period, Shares, New Issues									350,553
Common Stock, Par or Stated Value Per Share									$ 0.0001
Share Price									0.125
Shares Issued, Price Per Share									$ 11.12
Number of Warrants Issued									404,676
Class of Warrant or Right, Exercise Price of Warrants or Rights									$ 11.12
ESOUSA [Member] | Prepaid Warrants [Member]
Class of Warrant or Right [Line Items]
Proceeds from Issuance or Sale of Equity									$ 7,550,585
Number of Warrants Issued									323,907
Class of Warrant or Right, Exercise Price of Warrants or Rights									$ 0.01

WARRANTS AND OPTIONS (Details)

WARRANTS AND OPTIONS (Details) - shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Outstanting at Begining of the period	193,610	146,437
Granted	45,106	64,884
Expired	(4,497)	(17,711)
Outstanding at Ending of the period	234,219	193,610

WARRANTS AND OPTIONS (Details 1

WARRANTS AND OPTIONS (Details 1) - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Outstanding & Exercisable	234,219	193,610	146,437
Excercise Price One [Member]
Exercise Price	$ 134
Outstanding & Exercisable	1,021
Remaining Contractual Life (Years)	6 years 11 months 8 days
Excercise Price Two [Member]
Exercise Price	$ 24
Outstanding & Exercisable	11,434
Remaining Contractual Life (Years)	7 years 11 months 5 days
Excercise Price Three [Member]
Exercise Price	$ 21.20
Outstanding & Exercisable	18,241
Remaining Contractual Life (Years)	8 years 5 months 12 days
Excercise Price Four [Member]
Exercise Price	$ 8.10
Outstanding & Exercisable	43,310
Remaining Contractual Life (Years)	9 years 2 months 1 day
Excercise Price Five [Member]
Exercise Price	$ 22
Outstanding & Exercisable	113,572
Remaining Contractual Life (Years)	2 years 8 months 12 days
Excercise Price Six [Member]
Exercise Price	$ 21.46
Outstanding & Exercisable	46,643
Remaining Contractual Life (Years)	3 years 5 months 12 days

WARRANTS AND OPTIONS (Details 2

WARRANTS AND OPTIONS (Details 2) - Warrant [Member] - shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Class of Warrant or Right [Line Items]
Outstanding at Begining of the period	89,389	89,389
Granted	728,583	0
Expired	(89,389)	0
Outstanding at Ending of the period	728,583	89,389

WARRANTS AND OPTIONS (Details 3

WARRANTS AND OPTIONS (Details 3) - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Warrant [Member]
Remaining Contractual Life (Years)	5 years	9 months
Excercise Price One [Member]
Exercise Price	$ 134
Excercise Price One [Member] | Warrant [Member]
Outstanding & Exercisable	404,676
Remaining Contractual Life (Years)	5 years
Excercise Price Two [Member]
Exercise Price	$ 24
Excercise Price Two [Member] | Warrant [Member]
Outstanding & Exercisable	323,907
Remaining Contractual Life (Years)	5 years

WARRANTS AND OPTIONS (Details T

WARRANTS AND OPTIONS (Details Textual) - USD ($)	1 Months Ended		12 Months Ended
	Dec. 29, 2017	Feb. 28, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2013	Dec. 31, 2015
Class of Warrant or Right [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number			234,219	193,610		146,437
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			45,106	64,884
Maximum [Member]
Class of Warrant or Right [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price			$ 134
Minimum [Member]
Class of Warrant or Right [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price			$ 8.10
Warrant [Member]
Class of Warrant or Right [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights			728,583	89,389
Class of Warrant or Right, Exercise Price of Warrants or Rights			$ 6.20	$ 750
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Outstanding, Weighted Average Remaining Contractual Terms			5 years	9 months
Common Stock [Member]
Class of Warrant or Right [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		45,106	46,643	18,241
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price		$ 8.10	$ 21.46	$ 21.20
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		10 years	5 years	10 years
Common Stock [Member] | Cazador Acquisition Corporation Ltd [Member] | Private Placement [Member]
Class of Warrant or Right [Line Items]
Warrants Issued to Purchase Common Stock					89,400
Employee Stock Option [Member]
Class of Warrant or Right [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number			160,214	160,214
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price			$ 21.80	$ 21.80
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term			2 years 11 months 1 day	3 years 11 months 1 day
ESOUSA [Member] | Warrant [Member]
Class of Warrant or Right [Line Items]
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 11.12
Class of Warrant or Right, Expiration Term	5 years
Share Price	$ 0.125
Warrants issued	$ 404,676
Prepaid Warrants [Member] | ESOUSA [Member]
Class of Warrant or Right [Line Items]
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 0.01
Warrants Issued to Purchase Common Stock	323,907
Class of Warrant or Right, Expiration Term	5 years

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Components Of Income Loss Before Income Tax Provision [Line Items]
United States	$ (7,865,421)	$ (11,615,285)
Foreign	(2,157,628)	(2,000,791)
Income (Loss) from Continuing Operations before Income Taxes, Extraordinary Items, Noncontrolling Interest	$ (10,023,049)	$ (13,616,076)

INCOME TAXES (Details 1)

INCOME TAXES (Details 1)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Effective Income Tax Rate Reconciliation Percent [Line Items]
U. S. Federal statutory income tax rate	34.00%	34.00%
State income tax, net of federal tax benefit	4.10%	4.10%
Currency translation adjustment	(2.20%)	(0.90%)
Foreign income tax	(0.90%)	(0.40%)
Difference in foreign tax rates	5.20%	3.40%
Change in valuation allowance	(28.90%)	(40.50%)
Change in tax rates	(12.20%)	0.00%
Effective income tax rate	(0.90%)	(0.40%)

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Deferred tax assets:
Net operating loss carry forwards	$ 14,800,451	$ 19,556,555
Stock based compensation	741,275	906,087
Basis difference in goodwill	1,471,976	2,604,306
Basis difference in fixed assets	8,792	19,899
Basis difference in intangible assets	1,313,547	1,714,761
Allowance for bad debt (US)	0	0
Stock price guarantee adjustment	0	1,416,870
Valuation allowance for deferred tax assets	(18,336,041)	(26,218,478)
Total deferred tax assets	0	0
Deferred tax liabilities:
Basis difference in goodwill	0	0
Basis difference in fixed assets	0	0
Basis difference in intangible assets	0	0
Total deferred tax liabilities	0	0
Net deferred taxes	$ 0	$ 0

INCOME TAXES (Details Textual)

INCOME TAXES (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Schedule of Income Tax Disclosure [Line Items]
Current Foreign Tax Expense (Benefit)		$ 70,033	$ 49,375
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount		$ 7,900,000
Tax Credit Carryforward, Limitations on Use		IRC Section 382 imposes limitations on a corporation’s ability to use its NOLs when it undergoes an “ownership change.” Generally, an ownership change occurs if one or more shareholders, each of whom owns 5% or more in value of a corporation’s stock, increase their percentage ownership, in the aggregate, by more than 50% over the lowest percentage of stock owned by such shareholders at any time during the preceding three-year period. Because on June 10, 2014, we underwent an ownership change as defined by IRC Section 382, the limitation applies to us. The losses generated prior to the ownership change date (pre-change losses) are subject to the Section 382 limitation. The pre-change losses may only become available to be utilized by the Company at the rate of $2.4 million per year. Any unused losses can be carried forward, subject to their original carryforward limitation periods. In the year 2017, approximately $2.4 million in the pre-change losses was released from the Section 382 loss limitation. The Company can still fully utilize the NOLs generated after the change of the ownership, which was approximately $16.5 million. Thus, the total of approximately $20.6 million as of December 31, 2017 is available to offset future income.
Deferred Tax Assets, Valuation Allowance		$ 18,336,041	$ 26,218,478
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		34.00%	34.00%
Effective Income Tax Rate Reconciliation, Percent, Total		(0.90%)	(0.40%)
Scenario, Plan [Member]
Schedule of Income Tax Disclosure [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%
Foreign Tax Authority [Member]
Schedule of Income Tax Disclosure [Line Items]
Operating Loss Carryforwards		$ 14,000,000	$ 10,400,000
Operating Loss Carryforwards, Expiration Date		Dec. 31, 2023
Domestic Tax Authority [Member]
Schedule of Income Tax Disclosure [Line Items]
Operating Loss Carryforwards, Expiration Date		Dec. 31, 2025
Federal And State Jurisdiction [Member]
Schedule of Income Tax Disclosure [Line Items]
Operating Loss Carryforwards		$ 56,800,000	$ 51,400,000

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 60,064,824	$ 54,286,859
North America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	51,138,327	42,130,901
Long-Lived Assets	9,778,888	9,468,105
Russia and CIS [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	8,926,497	12,155,957
Long-Lived Assets	$ 3,511,403	$ 4,625,602

SEGMENT INFORMATION (Details 1)

SEGMENT INFORMATION (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Segment Reporting Information [Line Items]
Net revenues	$ 60,064,824	$ 54,286,859
General, administrative, and asset disposal	10,629,773	8,797,883
Non-cash compensation	2,940,424	3,463,435
Provision (recovery) for bad debt	1,320,848	1,688,237
Depreciation and amortization	2,533,985	3,466,511
Interest expense (income), net	(1,189,622)	(1,463,833)
Loss from stock value guarantee	0	(3,722,142)
Other expenses (income)	(236,009)	407,347
Net (loss) income for segment	(10,023,049)	(13,616,076)
Segment assets	32,331,430	23,170,067
Operating Segments [Member]
Segment Reporting Information [Line Items]
Net revenues	60,064,824	54,286,859	$ 54,286,859
Cost of revenues	51,237,212	45,708,241	45,708,241
Gross Margin	$ 8,827,612	$ 8,578,618	$ 8,578,618
Gross margin (in percentage)	15.00%	16.00%	16.00%
General, administrative, and asset disposal	$ 10,629,773	$ 8,797,883	$ 8,797,883
Non-cash compensation	2,940,424	3,463,435	3,463,435
Provision (recovery) for bad debt	1,320,848	1,688,237	1,688,237
Depreciation and amortization	2,533,985	3,466,511	3,466,511
Interest expense (income), net	1,189,622	1,463,833	1,463,833
Loss from stock value guarantee		3,722,142	3,722,142
Other expenses (income)	236,009	(407,346)	(407,346)
Net (loss) income for segment	(10,023,049)	(13,616,076)	(13,616,077)
Segment assets	32,331,430	23,170,067	23,170,067
North America Transaction Solutions [Member]
Segment Reporting Information [Line Items]
Net revenues	51,138,327	42,130,901	42,130,901
Cost of revenues	44,265,264	36,342,465	36,342,465
Gross Margin	$ 6,873,063	$ 5,788,436	$ 5,788,436
Gross margin (in percentage)	13.00%	14.00%	14.00%
General, administrative, and asset disposal	$ 3,281,547	$ 2,603,329	$ 2,603,329
Non-cash compensation	0	0	0
Provision (recovery) for bad debt	1,408,908	1,173,815	1,173,815
Depreciation and amortization	1,480,603	1,201,268	1,201,268
Interest expense (income), net	997,429	555,212	555,212
Loss from stock value guarantee		0	0
Other expenses (income)	48,549	4,118	4,118
Net (loss) income for segment	(343,973)	250,694	250,694
Segment assets	28,235,321	14,794,400	14,794,400
International Transaction Solutions [Member]
Segment Reporting Information [Line Items]
Net revenues	8,926,497	12,155,958
Cost of revenues	6,971,948	9,365,776
Gross Margin	$ 1,954,549	$ 2,790,182
Gross margin (in percentage)	22.00%	23.00%
General, administrative, and asset disposal	$ 3,033,360	$ 2,768,116
Non-cash compensation	0	0
Provision (recovery) for bad debt	(89,260)	513,922
Depreciation and amortization	1,053,382	1,896,987
Interest expense (income), net	(34,776)	23,412
Loss from stock value guarantee		0
Other expenses (income)	178,576	(411,465)
Net (loss) income for segment	(2,186,733)	(2,000,790)
Segment assets	4,096,109	7,810,814
Mobile Solutions [Member]
Segment Reporting Information [Line Items]
Net revenues			5,933,281
Cost of revenues			5,287,960
Gross Margin			$ 645,321
Gross margin (in percentage)			11.00%
General, administrative, and asset disposal			$ 20,924
Non-cash compensation			0
Provision (recovery) for bad debt			511,772
Depreciation and amortization			18,970
Interest expense (income), net			(42,760)
Loss from stock value guarantee			0
Other expenses (income)			(446,592)
Net (loss) income for segment			583,008
Segment assets			2,685,673
Online Solutions [Member]
Segment Reporting Information [Line Items]
Net revenues			6,222,677
Cost of revenues			4,077,816
Gross Margin			$ 2,144,860
Gross margin (in percentage)			34.00%
General, administrative, and asset disposal			$ 2,003,388
Non-cash compensation			0
Provision (recovery) for bad debt			2,760
Depreciation and amortization			1,837,709
Interest expense (income), net			(28,670)
Loss from stock value guarantee			0
Other expenses (income)			32,950
Net (loss) income for segment			(1,703,278)
Segment assets			5,125,140
Corporate Expenses and Eliminations [Member]
Segment Reporting Information [Line Items]
Net revenues	0	0	0
Cost of revenues	0	0	0
Gross Margin	$ 0	$ 0	$ 0
Gross margin (in percentage)	0.00%	0.00%	0.00%
General, administrative, and asset disposal	$ 4,314,866	$ 3,426,438	$ 4,170,242
Non-cash compensation	2,940,424	3,463,435	3,463,435
Provision (recovery) for bad debt	1,200	500	(109)
Depreciation and amortization	0	368,256	408,564
Interest expense (income), net	226,969	885,209	980,051
Loss from stock value guarantee		3,722,142	3,722,142
Other expenses (income)	8,884	0	2,179
Net (loss) income for segment	(7,492,343)	(11,865,981)	(12,746,503)
Segment assets	$ 0	$ 564,853	$ 564,853

SEGMENT INFORMATION (Details Te

SEGMENT INFORMATION (Details Textual)	12 Months Ended
	Dec. 31, 2017
Segment Reporting Information [Line Items]
Segment Reporting, Disclosure of Major Customers	In April 2013, we purchased 80% of Aptito, a cloud based Software-as-a-Service (SaaS) restaurant management solution,

SUBSEQUENT EVENTS (Details Text

SUBSEQUENT EVENTS (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Mar. 31, 2018	Mar. 08, 2018
Bunker Capital [Member]
Subsequent Event [Line Items]
Stock Issued During Period, Shares, New Issues	19,000
Subsequent Event [Member]
Subsequent Event [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 15,000,000
Subsequent Event [Member] | Chief Executive Officer [Member] | Deferred Bonus [Member]
Subsequent Event [Line Items]
Deferred Compensation Arrangement with Individual, Cash Award Granted, Amount			$ 300,000