Mullen Automotive (MULN) 10-K 1 Apr 19 2018 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2018	Mar. 29, 2019	Jun. 30, 2018
Document Information [Line Items]
Entity Registrant Name	Net Element, Inc.
Entity Central Index Key	0001499961
Trading Symbol	nete
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Common Stock, Shares Outstanding (in shares)		3,865,467
Entity Public Float			$ 22,904,233
Entity Shell Company	false
Document Type	10-K
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2018	Dec. 31, 2017
ASSETS
Cash	$ 1,645,481	$ 11,285,669
Accounts receivable, net	6,290,412	5,472,856
Prepaid expenses and other assets	1,749,221	2,282,614
Total current assets, net	9,685,114	19,041,139
Equipment, net	25,335	58,268
Intangible assets, net	6,441,743	3,127,760
Goodwill	9,007,752	9,643,752
Other long term assets	604,070	460,511
Total assets	25,764,014	32,331,430
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	6,368,444	6,785,459
Accrued expenses	2,535,947	3,212,438
Deferred revenue	1,495,849	1,712,591
Notes payable (current portion)	433,448	2,493,973
Due to related party	387,814	461,992
Total current liabilities	11,221,502	14,666,453
Notes payable (net of current portion)	5,946,046	4,521,449
Total liabilities	17,167,548	19,187,902
STOCKHOLDERS' EQUITY
Series A Convertible Preferred stock ($.0001 par value, 1,000,000 shares authorized, no shares issued and outstanding at December 31, 2018 and December 31, 2017)
Common stock ($.0001 par value, 100,000,000 shares authorized and 3,863,019 and 3,853,100 shares issued and outstanding at December 31, 2018 and December 31, 2017, respectively)	386	385
Paid in capital	183,246,232	183,119,222
Accumulated other comprehensive loss	(2,232,163)	(2,530,238)
Accumulated deficit	(172,292,252)	(167,356,070)
Stock subscriptions receivable		(50,585)
Non-controlling interest	(125,737)	(39,186)
Total stockholders' equity	8,596,466	13,143,528
Total liabilities and stockholders' equity	$ 25,764,014	$ 32,331,430

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2018	Dec. 31, 2017
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	3,863,019	3,853,100
Common stock, shares outstanding (in shares)	3,863,019	3,853,100

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Net revenues	$ 65,786,817	$ 60,064,824
Costs and expenses:
Cost of revenues	55,617,171	51,237,212
Selling, general and administrative	9,758,688	10,629,773
Non-cash compensation	142,017	2,940,424
Bad debt expense	2,145,425	1,320,848
Depreciation and amortization	2,454,637	2,533,985
Total costs and operating expenses	70,117,938	68,662,242
Loss from operations	(4,331,121)	(8,597,418)
Interest expense	(847,179)	(1,189,622)
Other income	791,567	236,009
Impairment charge relating to goodwill	(636,000)	0
	(4,007,669)	(10,023,049)
Income taxes
Net loss from continuing operations	(5,022,733)	(10,023,049)
Net loss attributable to the non-controlling interest	86,551	109,564
Net loss attributable to Net Element, Inc. stockholders	(4,936,182)	(9,913,485)
Foreign currency translation	298,075	(43,622)
Comprehensive loss attributable to common stockholders	$ (4,638,107)	$ (9,957,108)
Loss per share - basic and diluted (in dollars per share)	$ (1.28)	$ (5.04)
Weighted average number of common shares outstanding - basic and diluted (in shares)	3,868,324	1,967,676
Service Fees [Member]
Net revenues	$ 65,786,817	$ 58,723,928
Costs and expenses:
Cost of revenues	55,617,171	49,934,371
Branded content [Member]
Net revenues		1,340,896
Costs and expenses:
Cost of revenues		$ 1,302,841

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Stock Subscriptions [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]	Retained Earnings [Member]	Total
Balance (in shares) at Dec. 31, 2016	1,535,350
Balance at Dec. 31, 2016	$ 154	$ 163,920,066		$ (2,486,616)	$ 70,378	$ (157,442,585)	$ 4,061,397
Shares issued in connection with reverse stock split (in shares)	3,117
Shares issued in connection with reverse stock split	$ 0.31	1					1
Share based compensation (in shares)	242,324
Share based compensation	$ 24	2,850,155					2,850,179
Shares issued for acquisitions (in shares)	13,082
Shares issued for acquisitions	$ 1	105,965					105,966
Shares issued to settle merchant liabilities (in shares)	30,759
Shares issued to settle merchant liabilities	$ 3	252,220					252,223
Shares issued for consulting services (in shares)	19,896
Shares issued for consulting services	$ 2	228,416	(50,585)				177,833
Shares issued in connection with debt restructuring (in shares)	127,406
Shares issued in connection with debt restructuring	$ 13	758,181					758,194
Shares issued under ESOUSA/Cobblestone agreements (in shares)	1,881,165
Shares issued under ESOUSA/Cobblestone agreements	$ 188	15,004,217					15,004,405
Net loss					(109,564)	(9,913,485)	(10,023,049)
Comprehensive gain (loss) - foreign currency translation				(43,622)			(43,622)
Balance (in shares) at Dec. 31, 2017	3,853,100
Balance at Dec. 31, 2017	$ 385.31	183,119,222	(50,585)	(2,530,238)	(39,186)	(167,356,070)	13,143,528
Share based compensation (in shares)	9,919
Share based compensation	$ 0.99	127,010					127,011
Shares issued for consulting services (in shares)
Shares issued for consulting services			50,585				50,585
Net loss					(86,551)	(4,936,182)	(5,022,733)
Comprehensive gain (loss) - foreign currency translation				298,075			298,075
Balance (in shares) at Dec. 31, 2018	3,863,019
Balance at Dec. 31, 2018	$ 386.30	$ 183,246,232		$ (2,232,163)	$ (125,737)	$ (172,292,252)	$ 8,596,466

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net loss attributable to Net Element, Inc. stockholders	$ (4,936,182)	$ (9,913,485)
Adjustments to reconcile net loss to net cash used in operating activities:
Non-controlling interest	(86,551)	(109,564)
Share based compensation	142,017	2,940,424
Deferred revenue	(216,742)	356,619
Net Non cash items in other income	(1,202,201)
Impairment for Goodwill	636,000	0
Provision for bad debt	16,238
Depreciation and amortization	2,454,637	2,533,985
Non cash interest	73,442	114,802
Changes in assets and liabilities:
Accounts receivable	(1,503,755)	3,002,425
Prepaid expenses and other assets	384,403	(1,047,811)
Accounts payable and accrued expenses	971,202	(2,943,154)
Net cash used in operating activities	(3,267,492)	(5,065,759)
Cash flows from investing activities:
Purchase of portfolios and client acquisition costs	(5,413,264)	(1,885,098)
Receipt of excess deposits		149,826
Purchase of equipment and changes in other assets	(114,931)	(103,341)
Net cash used in investing activities	(5,528,195)	(1,838,613)
Cash flows from financing activities:
Proceeds from sale of common stock		14,884,435
Proceeds from indebtedness	2,131,500	3,678,824
Repayment of indebtedness	(2,785,134)	(998,780)
Net cash (used in) provided by financing activities	(653,634)	17,564,479
Effect of exchange rate changes on cash	(34,399)	(20,899)
Net (decrease) increase in cash	(9,483,720)	10,639,208
Cash and restricted cash at beginning of year	11,733,271	1,094,063
Cash and restricted cash at end of year	2,249,551	11,733,271
Supplemental disclosure of cash flow information
Interest	773,737	1,074,820
Taxes	61,871	86,942
Shares issued for redemption of indebtedness		379,874
Shares issued in settlement of related party debt		$ 378,253

Note 1 - Organization and Opera

Note 1 - Organization and Operations	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Nature of Operations [Text Block]	NOTE 1. Net Element, Inc. (collectively with its subsidiaries, “Net Element”, “we”, “us”, “our” or the “Company”) is a financial technology-driven group specializing in payment acceptance and value-added solutions across multiple channels in the United States and selected international markets. We are differentiated by our proprietary technology which enables us to provide a broad suite of payment products and end-to-end transaction processing services. 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 December 31, 2018, two fourth 2017, one three 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 PayOnline, we provide transactional services, mobile payment transactions, online payment transactions and other payment technologies in emerging countries in the Russian Federation, Eurasian Economic Community ("EAEC"), 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 third ® ® ® ® may Our Mobile Solutions business, PayOnline, provides relationships and contracts with mobile operators that gives 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 August 2017, not 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.

Note 2 - Liquidity

Note 2 - Liquidity	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Liquidation Basis of Accounting [Text Block]	NOTE 2. LIQUIDITY We expect to fund our operating cash needs for the next twelve The Company is continuing with its plan to further fund, grow and expand its payment processing operations through organic growth and acquisition of profitable residual buyouts (See Note 4 To fund our operating cash needs, we may December 31, 2018 $10.8

Note 3 - Summary of Significant

Note 3 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Significant accounting policies are defined as those that are reflective of significant judgments and uncertainties, and potentially result in materially different results under different assumptions and conditions. The Company’s significant accounting policies are described below. Basis of Presentation T Principles of Consolidation These consolidated financial statements include the accounts of Net Element, Inc and our subsidiary companies. All significant intercompany accounts and transactions have been eliminated in consolidation. Reclassifications Certain reclassifications of prior year amounts have been made to conform to the 2018 no Cash 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 $0.6 $10.6 December 31, 2018 December 31, 2017, December 31, 2017 $74,000 $186,000 December 31, 2018 2017, Restricted Cash Restricted cash represents funds held-on-deposit with processing banks pursuant to agreements to cover potential merchant losses. It is presented as other long-term assets on the accompanying consolidated balance sheets since the related agreements extend beyond the next twelve 2016 18, Statement of Cash Flows: Restricted Cash 230 December 31, 2018 December 31, 2017 Cash on consolidated balance sheet $ 1,645,481 $ 11,285,669 Restricted cash 604,070 447,602 $ 2,249,551 $ 11,733,271 Accounts Receivable and Credit Policies Accounts receivable consist primarily of uncollateralized credit card processing residual payments due from processing banks requiring payment within thirty not Inventories Inventories consist of point-of-sale equipment which we use to service both merchants and independent sales agents ("ISG"). Often, we will provide the equipment as an incentive for merchants and independent sales agents to enter into a merchant contracts with us. The term of these contracts has an average length of three $526,000 $507,000 December 31, 2018 2017, $727,000 $501,000 December 31, 2018 2017, Amortization expense for the equipment placed in service for the years ended December 31, 2018 2017 $296,000 $189,000, Intangible Assets Intangible assets acquired, either individually or with a group of other assets (but not not December 31, 2018 2017. The cost of internally developing, maintaining and restoring intangible assets (including goodwill) that are not Intangible assets include acquired merchant relationships, recurring cash flow portfolios, referral agreements, trademarks, tradenames, website development costs and non-compete agreements. Merchant relationships represent the fair value of customer relationships purchased by us. Recurring cash flow portfolios give us the right to retain a greater share of the cash flow, in the form of paying less commissions to an independent sales agent, related to certain future transactions with the agent referred sales partners. Referral agreements represent the right to exclusively obtain referrals from a partner for their customers' credit card processing services. We amortize definite lived identifiable intangible assets using a method that reflects the pattern in which the economic benefits of the intangible asset are expected to be consumed or otherwise utilized. The estimated useful lives of our customer-related intangible assets approximate the expected distribution of cash flows on a straight-line basis from each asset. The useful lives of contract-based intangible assets are equal to the terms of the agreement. Management evaluates the remaining useful lives and carrying values of long-lived assets, including definite lived intangible assets, at least annually, or when events and circumstances warrant such a review, to determine whether significant events or changes in circumstances indicate that a change in the useful life or impairment in value may no December 31, 2018 2017. Goodwill In accordance with ASC 350, Intangibles—Goodwill and Other Our goodwill represents the excess of the purchase price over the fair value of the net identifiable assets acquired in business combinations. The goodwill generated from the business combinations is primarily related to the value placed on the employee workforce and expected synergies. Judgment is involved in determining if an indicator or change in circumstances relating to impairment has occurred. Such changes may We have the option of performing a qualitative assessment of impairment to determine whether any further quantitative testing for impairment is necessary. The option of whether or not may not January 1, 2017 No. 2017 04, not At December 31, 2018, $636,000 2019, For a discussion of the estimate methodology and the significance of various inputs, please see the subheading below titled “Use of Estimates.” We have determined that we have two December 31, 2018 2017 none Capitalized Customer Acquisition Costs, Net Capitalized customer acquisition costs consist of up-front cash payments made to ISG’s for the establishment of new merchant relationships. Capitalized customer acquisition costs represent incremental, direct customer acquisition costs that are recoverable through gross margins associated with merchant contracts. The up-front cash payment to the ISG is based on the estimated gross margin for the first not four 6 Client Acquisition Costs Accrued Residual Commissions We record 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. Fair Value Measurements 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 approximately $6.4 $7.0 December 31, 2018 2017, not 2 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 three Level 1 Level 2 Level 3 not 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 3. 3. Revenue Recognition and Deferred Revenue We recognize revenue when all of the following criteria are met: ( 1 2 3 4 5 not not Our transactional processing fees are generated primarily from TOT Payments doing business as Unified Payments, which is our North American Transaction Solutions segment, PayOnline, which is our Russian online transaction processing company, and Aptito, which is our point of sale solution for restaurants. We work directly with payment card networks and banks so that our merchants do not The majority of our revenues is derived from volume-based payment processing fees ("discount fees”) and other related fixed transaction or service fees. Discount fees represent a percentage of the dollar amount of each credit or debit transaction processed. Discount fees are recognized at the time the merchants’ transactions are processed. Generally, where we have control over merchant pricing, merchant portability, credit risk and ultimate responsibility for the merchant relationship, revenues are reported at the time of sale on a gross basis equal to the full amount of the discount charged to the merchant. This amount includes interchange fees paid to card issuing banks and assessments paid to payment card networks pursuant to which such parties receive payments based primarily on processing volume for particular groups of merchants. Revenues generated from merchant portfolios where we do not Revenues are also derived from a variety of fixed transaction or service fees, including authorization fees, convenience fees, statement fees, annual fees, and fees for other miscellaneous services, such as handling chargebacks. Revenues derived from service fees are recognized at the time the services are performed and there are no no We primarily report revenues gross as a principal versus net as an agent. Although some of our processing agreements vary with respect to specific terms, the transactional processing service fees collected from merchants generally are recognized as revenue on a gross basis as we are the principal in the delivery of the managed payments solutions to the sellers. The gross fees we collect are intended to cover the interchange, assessments and other processing and non-processing fees which are included and are part of our gross margin. We have primary responsibility for providing end-to-end payment processing services for our clients. Our clients contract us for all credit card processing services, including transaction authorization, settlement, dispute resolution, data/transmission security, risk management, reporting, technical support and other value-added services. We have concluded that we are the principal because we control the services before delivery to the merchant, and are primarily responsible for the delivery of the services, have discretion in setting prices charged to merchants, and responsible for losses. We also have pricing latitude and can provide services using several different network options. Adoption of ASC 606, On January 1, 2018, 606 not January 1, 2018. January 1, 2018 606, not 605 45 Revenue Recognition-Principal Agent Considerations The cumulative impact of adopting ASC 606 no January 1, 2018. 606 With Before Implementation Implementation Effect of of ASC 606 of ASC 606 Implementation Revenue $ 65,786,817 $ 67,726,298 $ (1,939,481 ) Costs (55,617,171 ) (57,556,652 ) $ 1,939,481 Net effect of ASC 606 implementation $ - There was no 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. Income Taxes We account for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined on the basis of the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. We recognize net deferred tax assets to the extent that we believe these assets are more likely than not We account for uncertainty in income taxes using a two first not second 50% one December 31, 2012 December 31, 2018. Interchange, Network Fees and Other Cost of Services Interchange and network fees consist primarily of fees that are directly related to discount fee revenue. These include interchange fees paid to issuers and assessment fees payable to card associations, which are a percentage of the processing volume we generate from Visa and Mastercard, AMEX, and Discover, as well as fees charged by card-issuing banks. Other costs of services include costs directly attributable to processing and bank sponsorship costs, which may not Advertising and Promotion Costs Advertising and promotion costs are expensed as incurred. Advertising expense was approximately $154,000 $89,000 December 31, 2018 2017, Equity-based Compensation We account for grants of equity awards to employees in accordance with ASC 718, Compensation—Stock Compensation Equity-based compensation was approximately $100,000 $2.9 December 31, 2018 2017, Foreign Currency Transactions We are subject to exchange rate risk in our foreign operations in Russia, the functional currency of which is the Russian ruble, where we generate service fee revenues, interest income or expense, incur product development, engineering, website development, and selling, general and administrative costs and expenses. Our Russian subsidiaries pay a majority of their operating expenses in their local currencies, exposing us to exchange rate risk. Use of Estimates The preparation of these consolidated financial statements requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses for the reporting period. Such estimates include, but are not not Below is a summary of the Company’s critical accounting estimates for which the nature of management’s assumptions are material due to the levels of subjectivity and judgment necessary to account for highly uncertain matters or the susceptibility of such matters to change, and for which the impact of the estimates and assumptions on financial condition or operating performance is material. Goodwill The Company tests goodwill for impairment using a fair value approach at least annually, absent some triggering event that would require an interim impairment assessment. Significant estimates and assumptions are used in our goodwill impairment review and include the identification of reporting units, assigning assets and liabilities to reporting units, assigning goodwill to reporting units and determining the fair value of each reporting unit. Our assessment of qualitative factors involves significant judgments about expected future business performance, general market conditions, and regulatory changes. In a quantitative assessment, the fair value of each reporting unit is determined based largely on the present value of projected future cash flows, growth assumptions regarding discount rates, estimated growth rates and our future long-term business plans. Changes in any of these estimates or assumptions could materially affect the determination of fair value and the associated goodwill impairment charge for each reporting unit. Rec ently Issued Accounting Pronouncements In January 2017, 2017 04 350 2 not December 15, 2019 not In June 2016, 2016 13, 326 January 1, 2020. January 1, 2019. not In February 2016, 2016 02, December 15, 2018, 2016 02

Note 4 - Acquisitions

Note 4 - Acquisitions	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Business Combination Disclosure [Text Block]	Note 4. During the year ended December 31, 2018 no 2017. Acquisitions of Recurring Cash Flow Portfolios From time to time, the Company acquires future recurring revenue streams from sales agents in exchange for an upfront cash payment. This results in an increase in net cash flow to the Company. The acquisitions of recurring cash flows are treated as asset acquisitions, resulting in recording a recurring cash flow portfolio intangible asset, at cost, on the date of acquisition. These assets are amortized over a straight-line period of approximately four 6 Portfolio and Clients Lists Universal Partners, LLC On July 30, 2018, $2,700,000 The Advance Amount is to be repaid to us whereby each and every month, commencing from July 1, 2018 ( 24 June 30, 2020 ( At the end of the Advance Period (the “Transfer Date”), we and the Seller have agreed to create a new static portfolio pool of mutually agreed residual income from Seller ISO codes comprising merchant accounts boarded by the Seller under the Combined Marketing Agreements that on the Transfer are generating at least $120,000 80% 20% During 2018, $2.5 Argus Merchant Services, LLC On December 26, 2018, $1,426,000. On December 27, 2018, $1,150,000 January 2019 ( 24 At the end of the Advance Period (the “Transfer Date”), we will receive an ownership interest in a portfolio of cash flow assets by creating with the Seller, a new static portfolio pool of mutually agreed residual income from Seller ISO codes comprising merchant accounts boarded by the Seller under the Combined Marketing Agreements. During the 2018, $1.2 Referral Agreements From time to time, we enter into referral agreements with ISG’s or other organizations (“referral partner”). Under these agreements, the referral partner exclusively refers its customers to us for credit card processing services. Consideration paid for these agreements for the years ended December 31, 2018 2017 $1.6 $1.8 four 6 Client Acquisition Costs

Note 5 - Accounts Receivable

Note 5 - Accounts Receivable	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 5. Accounts receivable, net of allowance for doubtful accounts, consist of amounts due from merchant service providers and to a lesser extent Russian mobile operator intermediaries. Net accounts receivable amounted to approximately $6.3 $5.5 December 31, 2018 2017, $6.2 $5.4 $74,000 $58,000, December 31, 2018 2017, Our allowance for doubtful accounts was approximately $214,000 $257,000 December 31, 2018 2017, may

Note 6 - Intangible Assets

Note 6 - Intangible Assets	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 6. The Company had approximately $6.4 $3.1 December 31, 2018 2017, Intangible assets consisted of the following as of December 31, 2018 Cost Accumulated Amortization Carrying Value Amortization Life and Method IP Software $ 2,309,291 $ (2,139,891 ) $ 169,400 3 years - straight-line Portfolios and Client Lists 7,576,665 (4,333,866 ) 3,242,799 4 years - straight-line Client Acquisition Costs 6,370,124 (3,340,581 ) 3,029,544 4 years - straight-line PCI Certification 449,000 (449,000 ) - 3 years - straight-line Trademarks 703,586 (703,586 ) - 3 years - straight-line Domain Names 437,810 (437,810 ) - 3 years - straight-line $ 17,846,476 $ (11,404,732 ) $ 6,441,743 Intangible assets consisted of the following as of December 31, 2017 Cost Accumulated Amortization Carrying Value Amortization Life and Method IP Software $ 2,274,693 $ (2,171,803 ) $ 102,890 3 years - straight-line Portfolios and Client Lists 5,213,911 (4,939,857 ) 274,054 3 years - straight-line Client Acquisition Costs 4,812,474 (2,377,139 ) 2,435,335 3 years - straight-line PCI Certification 449,000 (361,694 ) 87,306 3 years - straight-line Trademarks 702,192 (570,383 ) 131,809 3 years - straight-line Domain Names 435,956 (339,590 ) 96,366 3 years - straight-line $ 13,888,226 $ (10,760,466 ) $ 3,127,760 During the year ended December 31, 2018, $1.4 Amortization expense for the intangible assets was approximately $2.1 $2.3 December 31, 2018 2017, The following table presents the estimated aggregate future amortization expense of intangible assets: 2019 $ 1,561,829 2020 1,561,829 2021 1,561,829 2022 1,505,362 2023 250,894 Balance December 31, 2018 $ 6,441,743

Note 7 - Accrued Expenses

Note 7 - Accrued Expenses	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE 7. At December 31, 2018 December 31, 2017, $2.5 $3.2 not December 31, 2018 December 31, 2017. December 31, 2018 December 31, 2017 Accrued professional fees $ 174,915 $ 241,281 PayOnline accrual 1,126,273 1,438,900 Accrued interest 108,202 145,264 Accrued bonus 1,157,556 1,249,852 Accrued foreign taxes (45,952 ) 137,141 Other accrued expenses 14,953 - $ 2,535,947 $ 3,212,438 On October 25, 2016, $1,433,475 December 31, 2017, $252,223 December 31, 2018 2017, $1.1 Included in accrued bonus are non-discretionary compensation due to our Chairman and CEO, approximating $ 8 66,000 $1.0 December 31, 2018 2017, $291,000 $244,000 December 31, 2018 2017

Note 8 - Notes Payable

Note 8 - Notes Payable	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 8 . NOTES PAYABLE Notes payable consist of the following: December 31, 2018 December 31, 2017 RBL Capital Group, LLC $ 6,512,268 $ 4,544,087 Priority Payments Systems LLC - 2,238,511 MBF Merchant Capital, LLC - 341,804 Subtotal 6,512,268 7,124,402 Less: deferred loan costs (132,774 ) (108,980 ) Subtotal 6,379,494 7,015,422 Less: current portion (433,448 ) (2,493,973 ) Long term debt $ 5,946,046 $ 4,521,449 RBL Capital Group, LLC Effective June 30, 2014, 18 $10 13.90% 10.65%. November 30, 2015 three not 13% 18.635% May 2, 2016, $10 $15 February 2019. December 31, 2018, $10.5 The co-borrowers’ obligations to RBL pursuant to the RBL Loan Agreement are secured by a first not Borrowings from the Credit Facility in the amounts of $3,315,000, $400,000 $250,000 March 20, 2018, $4,544,087 August 2017. four 4 14.19%, $85,634 August 2018 July 2021, $3,170,967 July 2021. $133,600 July 2021. On December 28, 2018, $2,131,500, 14%. December 20, 2019 one 1 $18,804, eleven 11 $24,867. January 20, 2020, thirty-six 36 $72,850, December 20, 2022 The Credit Facility that was renewed on May 2, 2016, $8.3 MBF Merchant Capital, LLC We issued the following note payable to MBF, an entity owned by William Healy, a former member of our Board of Directors. On August 29, 2017, $275,000 13.95% ten $29,289. 2% 4% 2018. Priority Payment Systems LLC Effective May 18, 2017, May 18, 2017. $2,000,000. 6% 10.25% December 31, 2018 2017, may May 20, 2019 not 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 Effective May 17, 2017, On June 27, 2017, (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. The draw-down period was extended to coincide with the loan maturity date of May 20, 2021. Scheduled Notes Payable Principal Repayment at December 31, 2018 2019 $ 433,448 2020 1,113,323 2021 4,154,137 2022 811,360 2023 - Balance December 31, 2018 $ 6,512,268

Note 9 - Concentrations

Note 9 - Concentrations	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	NOTE 9 . CONCENTRATIONS Credit card processing revenues are from merchant customer transactions, which were processed primarily by one third 5% December 31, 2018 2017. For the year ended December 31, 2018, 61% 20% For the year ended December 31, 2017, 77% 5.2%

Note 10 - Commitments and Conti

Note 10 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 10 . COMMITMENTS AND CONTINGENCIES Minimum Processing Commitments We have non-exclusive agreements with several processors to provide services related to transaction processing and transmittal, transaction authorization and data capture, and access to various reporting tools. Certain of these agreements require us to submit a minimum monthly number of transactions for processing. If we submit a number of transactions that is lower than the minimum, we are required to pay to the processor the fees it would have received if we had submitted the required minimum number of transactions. As of December 31, 2018, 2019 $ 558,700 2020 614,300 2021 670,730 2022 60,000 2023 70,000 Thereafter 80,000 Total $ 2,053,730 Leases North American Transaction Solutions During May 2013, 4,101 3363 163rd 705 707, 33160. May 1, 2013 December 31, 2016, $16,800 $19,448 $233,377 January 1, 2016 December 31, 2016. five August 1, 2017 July 31, 2022 $14,354 $172,248 Net Element Software, our subsidiary, currently leases 1,654 $24,300. June 1, 2019. International Transaction Solutions PayOnline leased approximately 4,675 $84,457 September 30, 2018. 3,385 $56,000 August 31, 2019. 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 move to new facilities on acceptable terms. Future maturities of lease agreements are as follow: 2019 $ 238,548 2020 172,248 2021 172,248 2022 100,478 Total $ 683,522 Liti gation, Claims, and Assessments With respect to all legal, regulatory and governmental proceedings, and in accordance with ASC 450 20, Contingencies—Loss Contingencies no may In addition, we are involved in ordinary course legal proceedings, which include all claims, lawsuits, investigations and proceedings, including unasserted claims, which are probable of being asserted, arising in the ordinary course of business and otherwise not Aptito.com, Inc. On August 6, 2014, 11th 125,000 125,000 two one ten 125,000 two one ten two one ten 125,000 two one ten On July 18, 2017, not 125,000 August 6, 2014. In March 2018, 125,000 not In July 2018, April 2019. Gene Zell In June 2014, October 2014, On April 13, 2015, August 26, 2015, March 2017 In 2018, OVHA Patent Claim On January 15, 2019, no 3 rd Other Legal Matters During December 2017, 19,000 February 26, 2018, not $221,000 first 2018. fourth 2018, $50,000.

Note 11 - Related Party Transac

Note 11 - Related Party Transactions	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	NOTE 11 . RELATED PARTY We and our subsidiary, TOT Group, Inc., previously entered into certain term loan notes with MBF, Merchant Capital, LLC ("MBF"), which were paid off during the year ended December 31, 2018 ( 8 On March 1, 2017, $348,083 18 12% $3,481 September 30, 2018 one October 1, 2018. October 20, 2017, $374,253 67,312 12 During the years ended December 31, 2018 2017, $72,000 $98,000, $739,000 $346,000 December 31, 2018 2017, At December 31, 2018 2017, $388,000 $462,000, related party

Note 12 - Stockholders' Equity

Note 12 - Stockholders' Equity	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 12 . STOCKHOLDERS’ EQUITY On October 5, 2017, one ten On June 12, 2015 June 13, 2016, 100,000,000 300,000,000 400,000,000, October 2, 2017, 300,000,000 100,000,000. Agreement with Cobblestone On July 5, 2017, $10 30 $200,000 3 August 3, 2017, 45,676 $4.38 1.3 2017 $6.2 $4.71 Equity Incentive Plan Activity On December 5, 2013, 2013 “2013 2013 may one 422 1986, may not may not On November 27, 2018, 2013 178,900 773,000 2013 20% December 31, 2018. The maximum aggregate number of shares of common stock available for award under the 2013 December 31, 2018 2017 323,498 168,374, 2013 2013 During the years ended December 31, 2018 2017, 2013 $85,786 $130,499, At December 31, 2018 2017, 74,004 $15.52 7.77 8.77 December 31, 2018 2017. On February 28, 2017, 2013 (i) 45,105 50% 50% 4 (ii) 62,668 50% 50% 4 On December 28, 2017, 134,161 2013 Agreement with Crede CG III, Ltd. On May 2, 2016, $3,965,000 March 3, 2017, December 31, 2016 August 31, 2017. For the year ended December 31, 2017, 60,944 $330,969 $3,315,000 $6.83. $52,972. Agreements with ESOUSA Holdings On July 6, 2016, $10 30 $200,000, 3 In connection with the aforementioned ESOUSA Purchase Agreement, we issued the 168,266 $8.45 December 31, 2017. no December 31, 2018. On December 29, 2017, 350,553 $0.0001, $11.12 404,676 five $0.125 $11.12 323,907 five $0.01 $7.6 Other Stock Issuances On July 19, 2017, 30,759 $252,223 $1.4 7 On February 28, 2017, 47,139 October 2017. 2013 October 2017. $300,000 March, 2018. On October 20, 2017, 11 $374,253 67,312

Note 13 - Warrants and Options

Note 13 - Warrants and Options	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	NOTE 13 . WARRANTS AND OPTIONS Options In February 28, 2017, 45,106 $8.10 10 At December 31, 2018 2017, 234,218 4,497 $8.10 $134.00 8.17 1.70 December 31, 2018. Due to the high level of volatility in the stock price of our common stock, our management determined the grant date fair value of the options granted during the year ended December 31, 2017 no 2018. Warrants In 2013, 89,400 October 1, 2017. In connection with the aforementioned unit purchase agreement with ESOUSA, on December 29, 2017 404,676 five $0.125 $11.12 323,907 five $0.01 At December 31, 2018 2017, 728,583 89,389 December 31, 2018, $6.18 4 no 2018. Non-Incentive Plan Options At December 31, 2018 2017, 323,498 $21.84 1.92 December 31, 2018. December 31, 2018 2017 no

Note 14 - Income Taxes

Note 14 - Income Taxes	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 14 . INCOME TAXES The components of income (loss) before income tax provision are as follows: December 31, December 31, 2018 2017 United States $ (11,214,581 ) $ (7,865,421 ) Foreign 7,206,912 (2,157,628 ) $ (4,007,669 ) $ (10,023,049 ) There was no December 31, 2018 December 31, 2017. $67,002 $70,033 December 31, 2018 December 31, 2017, 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, 2018 2017 U. S. Federal statutory income tax rate 21.00 % 34.00 % State income tax, net of federal tax benefit 5.10 % 4.10 % Currency translation adjustment 5.20 % (2.20 %) Foreign income tax 1.70 % (0.90 %) Difference in foreign tax rates (2.10 %) 5.20 % Change in valuation allowance (29.20 %) (28.90 %) Change in tax rates - (12.20 %) Effective income tax rate 1.7 % (0.90 %) The effective tax rate on operations of 1.7% December 31, 2018 21%, 0.9% December 31, 2017 34% On December 22, 2017, 1986, 21 January 1, 2018. A new federal tax on Global Intangible Low – Taxed Income (GILTI) was enacted for the tax year beginning after December 31, 2017. Significant components of our deferred tax assets and liabilities are as follows: December 31, December 31, 2018 2017 Deferred tax assets: Net operating loss carry forwards $ 15,657,776 $ 14,800,451 Stock based compensation (356,049 ) 741,275 Basis difference in goodwill 1,161,577 1,471,976 Basis difference in fixed assets - 8,792 Basis difference in intangible assets 1,564,483 1,313,547 Allowance for bad debt (US) - - Stock price guarantee adjustment - - Valuation allowance for deferred tax assets (18,027,787 ) (18,336,041 ) 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. According to the GILTI rules, the income from foreign corporations reduce the net operating losses (‘NOLs”). At December 31, 2018, $67.3 December 31, 2017, $56.8 $6.8 $14.0 December 31, 2018 2017, $0.3 2018. 2018 may not $17.8 January 1, 2018 two twenty December 31, 2017 80% The timing and manner in which we will be able to utilize some of its NOLs is limited by Section 382 1986, 382 one 5% 50% three June 10, 2014, 382, 382 may $2.4 2018, $2.4 382 382 10.9 $20.6 $31.5 December 31, 2018 The open United States tax years subject to examination with respect to our operations are 2015, 2016 2017.

Note 15 - Other Income

Note 15 - Other Income	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Other Income and Other Expense Disclosure [Text Block]	NOTE 15. Included in net other income for the year ended December 31, 2018, $675,000 not

Note 16 - Segment Information

Note 16 - Segment Information	12 Months Ended
	Dec. 31, 2018
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	NOTE 16. Prior to the fourth 2017, three two Our 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 North American Transaction Solutions business segment consists of the former Unified Payments business and Aptito. This segment operates primarily in North America. In March 2013, In April 2013, 80% International Transaction Solutions Our International Transaction Solutions segment consists of PayOnline, which includes our mobile payments operations, primarily located in Russia. PayOnline provides a secure online payment processing system to accept bank card payments for goods and services. In June 2012, 2015, 2017 no 2018. Segment Summary Information Geographic Summary Information 2018 Revenues 2018 Long- Lived Assets 2017 Revenues 2017 Long- Lived Assets North America $ 59,138,552 $ 13,672,169 $ 51,138,327 $ 9,778,888 Russia and CIS 6,648,265 2,406,732 8,926,497 3,511,403 The following tables present financial information of our reportable segments at and for the years ended December 31, 2018 2017. Twelve months ended December 31, 2018 North American Transaction Solutions International Transaction Solutions Corp Exp & Eliminations Total Net revenues $ 59,138,552 $ 6,648,265 $ - $ 65,786,817 Cost of revenues 50,545,759 5,071,412 - 55,617,171 Gross Margin 8,592,793 1,576,853 - 10,169,646 Gross margin % 15 % 24 % - 15 % General and administrative 2,490,811 1,970,757 5,297,120 9,758,688 Non-cash compensation - - 142,017 142,017 Provision for bad debt 2,121,131 24,294 - 2,145,425 Depreciation and amortization 1,898,784 555,853 - 2,454,637 Interest expense (income), net 833,494 (33,944 ) 47,629 847,179 Impairment charge relating to goodwill - 636,000 - 636,000 Other (income) expense (647,040 ) (8,248,059 ) 8,103,532 (791,567 ) Net (loss) income for segment $ 1,895,613 $ 6,671,952 $ (13,590,298 ) $ (5,022,733 ) Goodwill 6,671,750 2,336,002 - 9,007,752 Other segment assets 16,431,351 324,910 - 16,756,261 Total segment assets $ 23,103,101 $ 2,660,912 $ - $ 25,764,013 Twelve months ended December 31, 2017 North American Transaction Solutions International Transaction Solutions Corp Exp & Eliminations 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 % - 15 % General and administrative 3,251,547 3,033,360 4,344,866 10,629,773 Non-cash compensation - - 2,940,424 2,940,424 Provision 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 income 48,549 178,576 8,884 236,009 Net loss for segment $ (313,973 ) $ (2,186,733 ) $ (7,522,343 ) $ (10,023,049 ) Goodwill 6,671,750 2,972,002 - 9,643,752 Other segment assets 21,563,571 1,124,107 - 22,687,678 Total segment assets $ 28,235,321 $ 4,096,109 $ - $ 32,331,430

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation T
Consolidation, Policy [Policy Text Block]	Principles of Consolidation These consolidated financial statements include the accounts of Net Element, Inc and our subsidiary companies. All significant intercompany accounts and transactions have been eliminated in consolidation.
Reclassification, Policy [Policy Text Block]	Reclassifications Certain reclassifications of prior year amounts have been made to conform to the 2018 no
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash 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 $0.6 $10.6 December 31, 2018 December 31, 2017, December 31, 2017 $74,000 $186,000 December 31, 2018 2017,
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	Restricted Cash Restricted cash represents funds held-on-deposit with processing banks pursuant to agreements to cover potential merchant losses. It is presented as other long-term assets on the accompanying consolidated balance sheets since the related agreements extend beyond the next twelve 2016 18, Statement of Cash Flows: Restricted Cash 230 December 31, 2018 December 31, 2017 Cash on consolidated balance sheet $ 1,645,481 $ 11,285,669 Restricted cash 604,070 447,602 $ 2,249,551 $ 11,733,271
Receivables, Trade and Other Accounts Receivable, Allowance for Doubtful Accounts, Policy [Policy Text Block]	Accounts Receivable and Credit Policies Accounts receivable consist primarily of uncollateralized credit card processing residual payments due from processing banks requiring payment within thirty not
Inventory, Policy [Policy Text Block]	Inventories Inventories consist of point-of-sale equipment which we use to service both merchants and independent sales agents ("ISG"). Often, we will provide the equipment as an incentive for merchants and independent sales agents to enter into a merchant contracts with us. The term of these contracts has an average length of three $526,000 $507,000 December 31, 2018 2017, $727,000 $501,000 December 31, 2018 2017, Amortization expense for the equipment placed in service for the years ended December 31, 2018 2017 $296,000 $189,000,
Goodwill and Intangible Assets, Intangible Assets, Policy [Policy Text Block]	Intangible Assets Intangible assets acquired, either individually or with a group of other assets (but not not December 31, 2018 2017. The cost of internally developing, maintaining and restoring intangible assets (including goodwill) that are not Intangible assets include acquired merchant relationships, recurring cash flow portfolios, referral agreements, trademarks, tradenames, website development costs and non-compete agreements. Merchant relationships represent the fair value of customer relationships purchased by us. Recurring cash flow portfolios give us the right to retain a greater share of the cash flow, in the form of paying less commissions to an independent sales agent, related to certain future transactions with the agent referred sales partners. Referral agreements represent the right to exclusively obtain referrals from a partner for their customers' credit card processing services. We amortize definite lived identifiable intangible assets using a method that reflects the pattern in which the economic benefits of the intangible asset are expected to be consumed or otherwise utilized. The estimated useful lives of our customer-related intangible assets approximate the expected distribution of cash flows on a straight-line basis from each asset. The useful lives of contract-based intangible assets are equal to the terms of the agreement. Management evaluates the remaining useful lives and carrying values of long-lived assets, including definite lived intangible assets, at least annually, or when events and circumstances warrant such a review, to determine whether significant events or changes in circumstances indicate that a change in the useful life or impairment in value may no December 31, 2018 2017.
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]	Goodwill In accordance with ASC 350, Intangibles—Goodwill and Other Our goodwill represents the excess of the purchase price over the fair value of the net identifiable assets acquired in business combinations. The goodwill generated from the business combinations is primarily related to the value placed on the employee workforce and expected synergies. Judgment is involved in determining if an indicator or change in circumstances relating to impairment has occurred. Such changes may We have the option of performing a qualitative assessment of impairment to determine whether any further quantitative testing for impairment is necessary. The option of whether or not may not January 1, 2017 No. 2017 04, not At December 31, 2018, $636,000 2019, For a discussion of the estimate methodology and the significance of various inputs, please see the subheading below titled “Use of Estimates.” We have determined that we have two December 31, 2018 2017 none
Goodwill and Intangible Assets, Capitalized Customer Acquisition Costs, Net, Policy [Policy Text Block]	Capitalized Customer Acquisition Costs, Net Capitalized customer acquisition costs consist of up-front cash payments made to ISG’s for the establishment of new merchant relationships. Capitalized customer acquisition costs represent incremental, direct customer acquisition costs that are recoverable through gross margins associated with merchant contracts. The up-front cash payment to the ISG is based on the estimated gross margin for the first not four 6 Client Acquisition Costs
Accrued Residual Commissions, Policy [Policy Text Block]	Accrued Residual Commissions We record 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.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value Measurements 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 approximately $6.4 $7.0 December 31, 2018 2017, not 2 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 three Level 1 Level 2 Level 3 not 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 3. 3.
Revenue from Contract with Customer [Policy Text Block]	Revenue Recognition and Deferred Revenue We recognize revenue when all of the following criteria are met: ( 1 2 3 4 5 not not Our transactional processing fees are generated primarily from TOT Payments doing business as Unified Payments, which is our North American Transaction Solutions segment, PayOnline, which is our Russian online transaction processing company, and Aptito, which is our point of sale solution for restaurants. We work directly with payment card networks and banks so that our merchants do not The majority of our revenues is derived from volume-based payment processing fees ("discount fees”) and other related fixed transaction or service fees. Discount fees represent a percentage of the dollar amount of each credit or debit transaction processed. Discount fees are recognized at the time the merchants’ transactions are processed. Generally, where we have control over merchant pricing, merchant portability, credit risk and ultimate responsibility for the merchant relationship, revenues are reported at the time of sale on a gross basis equal to the full amount of the discount charged to the merchant. This amount includes interchange fees paid to card issuing banks and assessments paid to payment card networks pursuant to which such parties receive payments based primarily on processing volume for particular groups of merchants. Revenues generated from merchant portfolios where we do not Revenues are also derived from a variety of fixed transaction or service fees, including authorization fees, convenience fees, statement fees, annual fees, and fees for other miscellaneous services, such as handling chargebacks. Revenues derived from service fees are recognized at the time the services are performed and there are no no We primarily report revenues gross as a principal versus net as an agent. Although some of our processing agreements vary with respect to specific terms, the transactional processing service fees collected from merchants generally are recognized as revenue on a gross basis as we are the principal in the delivery of the managed payments solutions to the sellers. The gross fees we collect are intended to cover the interchange, assessments and other processing and non-processing fees which are included and are part of our gross margin. We have primary responsibility for providing end-to-end payment processing services for our clients. Our clients contract us for all credit card processing services, including transaction authorization, settlement, dispute resolution, data/transmission security, risk management, reporting, technical support and other value-added services. We have concluded that we are the principal because we control the services before delivery to the merchant, and are primarily responsible for the delivery of the services, have discretion in setting prices charged to merchants, and responsible for losses. We also have pricing latitude and can provide services using several different network options. Adoption of ASC 606, On January 1, 2018, 606 not January 1, 2018. January 1, 2018 606, not 605 45 Revenue Recognition-Principal Agent Considerations The cumulative impact of adopting ASC 606 no January 1, 2018. 606 With Before Implementation Implementation Effect of of ASC 606 of ASC 606 Implementation Revenue $ 65,786,817 $ 67,726,298 $ (1,939,481 ) Costs (55,617,171 ) (57,556,652 ) $ 1,939,481 Net effect of ASC 606 implementation $ - There was no
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.
Income Tax, Policy [Policy Text Block]	Income Taxes We account for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, deferred tax assets and liabilities are determined on the basis of the differences between the financial statements and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date. We recognize net deferred tax assets to the extent that we believe these assets are more likely than not We account for uncertainty in income taxes using a two first not second 50% one December 31, 2012 December 31, 2018.
Cost of Sales, Policy [Policy Text Block]	Interchange, Network Fees and Other Cost of Services Interchange and network fees consist primarily of fees that are directly related to discount fee revenue. These include interchange fees paid to issuers and assessment fees payable to card associations, which are a percentage of the processing volume we generate from Visa and Mastercard, AMEX, and Discover, as well as fees charged by card-issuing banks. Other costs of services include costs directly attributable to processing and bank sponsorship costs, which may not
Advertising Costs, Policy [Policy Text Block]	Advertising and Promotion Costs Advertising and promotion costs are expensed as incurred. Advertising expense was approximately $154,000 $89,000 December 31, 2018 2017,
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	Equity-based Compensation We account for grants of equity awards to employees in accordance with ASC 718, Compensation—Stock Compensation Equity-based compensation was approximately $100,000 $2.9 December 31, 2018 2017,
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 the Russian ruble, where we generate service fee revenues, interest income or expense, incur product development, engineering, website development, and selling, general and administrative costs and expenses. Our Russian subsidiaries pay a majority of their operating expenses in their local currencies, exposing us to exchange rate risk.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of these consolidated financial statements requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses for the reporting period. Such estimates include, but are not not Below is a summary of the Company’s critical accounting estimates for which the nature of management’s assumptions are material due to the levels of subjectivity and judgment necessary to account for highly uncertain matters or the susceptibility of such matters to change, and for which the impact of the estimates and assumptions on financial condition or operating performance is material. Goodwill The Company tests goodwill for impairment using a fair value approach at least annually, absent some triggering event that would require an interim impairment assessment. Significant estimates and assumptions are used in our goodwill impairment review and include the identification of reporting units, assigning assets and liabilities to reporting units, assigning goodwill to reporting units and determining the fair value of each reporting unit. Our assessment of qualitative factors involves significant judgments about expected future business performance, general market conditions, and regulatory changes. In a quantitative assessment, the fair value of each reporting unit is determined based largely on the present value of projected future cash flows, growth assumptions regarding discount rates, estimated growth rates and our future long-term business plans. Changes in any of these estimates or assumptions could materially affect the determination of fair value and the associated goodwill impairment charge for each reporting unit.
New Accounting Pronouncements, Policy [Policy Text Block]	Rec ently Issued Accounting Pronouncements In January 2017, 2017 04 350 2 not December 15, 2019 not In June 2016, 2016 13, 326 January 1, 2020. January 1, 2019. not In February 2016, 2016 02, December 15, 2018, 2016 02

Note 3 - Summary of Significa_2

Note 3 - Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2018
Notes Tables
Restrictions on Cash and Cash Equivalents [Table Text Block]	December 31, 2018 December 31, 2017 Cash on consolidated balance sheet $ 1,645,481 $ 11,285,669 Restricted cash 604,070 447,602 $ 2,249,551 $ 11,733,271
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]	With Before Implementation Implementation Effect of of ASC 606 of ASC 606 Implementation Revenue $ 65,786,817 $ 67,726,298 $ (1,939,481 ) Costs (55,617,171 ) (57,556,652 ) $ 1,939,481 Net effect of ASC 606 implementation $ -

Note 6 - Intangible Assets (Tab

Note 6 - Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2018
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Cost Accumulated Amortization Carrying Value Amortization Life and Method IP Software $ 2,309,291 $ (2,139,891 ) $ 169,400 3 years - straight-line Portfolios and Client Lists 7,576,665 (4,333,866 ) 3,242,799 4 years - straight-line Client Acquisition Costs 6,370,124 (3,340,581 ) 3,029,544 4 years - straight-line PCI Certification 449,000 (449,000 ) - 3 years - straight-line Trademarks 703,586 (703,586 ) - 3 years - straight-line Domain Names 437,810 (437,810 ) - 3 years - straight-line $ 17,846,476 $ (11,404,732 ) $ 6,441,743 Cost Accumulated Amortization Carrying Value Amortization Life and Method IP Software $ 2,274,693 $ (2,171,803 ) $ 102,890 3 years - straight-line Portfolios and Client Lists 5,213,911 (4,939,857 ) 274,054 3 years - straight-line Client Acquisition Costs 4,812,474 (2,377,139 ) 2,435,335 3 years - straight-line PCI Certification 449,000 (361,694 ) 87,306 3 years - straight-line Trademarks 702,192 (570,383 ) 131,809 3 years - straight-line Domain Names 435,956 (339,590 ) 96,366 3 years - straight-line $ 13,888,226 $ (10,760,466 ) $ 3,127,760
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	2019 $ 1,561,829 2020 1,561,829 2021 1,561,829 2022 1,505,362 2023 250,894 Balance December 31, 2018 $ 6,441,743

Note 7 - Accrued Expenses (Tabl

Note 7 - Accrued Expenses (Tables)	12 Months Ended
	Dec. 31, 2018
Notes Tables
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	December 31, 2018 December 31, 2017 Accrued professional fees $ 174,915 $ 241,281 PayOnline accrual 1,126,273 1,438,900 Accrued interest 108,202 145,264 Accrued bonus 1,157,556 1,249,852 Accrued foreign taxes (45,952 ) 137,141 Other accrued expenses 14,953 - $ 2,535,947 $ 3,212,438

Note 8 - Notes Payable (Tables)

Note 8 - Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2018
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	December 31, 2018 December 31, 2017 RBL Capital Group, LLC $ 6,512,268 $ 4,544,087 Priority Payments Systems LLC - 2,238,511 MBF Merchant Capital, LLC - 341,804 Subtotal 6,512,268 7,124,402 Less: deferred loan costs (132,774 ) (108,980 ) Subtotal 6,379,494 7,015,422 Less: current portion (433,448 ) (2,493,973 ) Long term debt $ 5,946,046 $ 4,521,449
Schedule of Maturities of Long-term Debt [Table Text Block]	2019 $ 433,448 2020 1,113,323 2021 4,154,137 2022 811,360 2023 - Balance December 31, 2018 $ 6,512,268

Note 10 - Commitments and Con_2

Note 10 - Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2018
Notes Tables
Other Commitments [Table Text Block]	2019 $ 558,700 2020 614,300 2021 670,730 2022 60,000 2023 70,000 Thereafter 80,000 Total $ 2,053,730
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	2019 $ 238,548 2020 172,248 2021 172,248 2022 100,478 Total $ 683,522

Note 14 - Income Taxes (Tables)

Note 14 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2018
Notes Tables
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	December 31, December 31, 2018 2017 United States $ (11,214,581 ) $ (7,865,421 ) Foreign 7,206,912 (2,157,628 ) $ (4,007,669 ) $ (10,023,049 )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	December 31, December 31, 2018 2017 U. S. Federal statutory income tax rate 21.00 % 34.00 % State income tax, net of federal tax benefit 5.10 % 4.10 % Currency translation adjustment 5.20 % (2.20 %) Foreign income tax 1.70 % (0.90 %) Difference in foreign tax rates (2.10 %) 5.20 % Change in valuation allowance (29.20 %) (28.90 %) Change in tax rates - (12.20 %) Effective income tax rate 1.7 % (0.90 %)
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	December 31, December 31, 2018 2017 Deferred tax assets: Net operating loss carry forwards $ 15,657,776 $ 14,800,451 Stock based compensation (356,049 ) 741,275 Basis difference in goodwill 1,161,577 1,471,976 Basis difference in fixed assets - 8,792 Basis difference in intangible assets 1,564,483 1,313,547 Allowance for bad debt (US) - - Stock price guarantee adjustment - - Valuation allowance for deferred tax assets (18,027,787 ) (18,336,041 ) 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 $ - $ -

Note 16 - Segment Information (

Note 16 - Segment Information (Tables)	12 Months Ended
	Dec. 31, 2018
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	2018 Revenues 2018 Long- Lived Assets 2017 Revenues 2017 Long- Lived Assets North America $ 59,138,552 $ 13,672,169 $ 51,138,327 $ 9,778,888 Russia and CIS 6,648,265 2,406,732 8,926,497 3,511,403 Twelve months ended December 31, 2018 North American Transaction Solutions International Transaction Solutions Corp Exp & Eliminations Total Net revenues $ 59,138,552 $ 6,648,265 $ - $ 65,786,817 Cost of revenues 50,545,759 5,071,412 - 55,617,171 Gross Margin 8,592,793 1,576,853 - 10,169,646 Gross margin % 15 % 24 % - 15 % General and administrative 2,490,811 1,970,757 5,297,120 9,758,688 Non-cash compensation - - 142,017 142,017 Provision for bad debt 2,121,131 24,294 - 2,145,425 Depreciation and amortization 1,898,784 555,853 - 2,454,637 Interest expense (income), net 833,494 (33,944 ) 47,629 847,179 Impairment charge relating to goodwill - 636,000 - 636,000 Other (income) expense (647,040 ) (8,248,059 ) 8,103,532 (791,567 ) Net (loss) income for segment $ 1,895,613 $ 6,671,952 $ (13,590,298 ) $ (5,022,733 ) Goodwill 6,671,750 2,336,002 - 9,007,752 Other segment assets 16,431,351 324,910 - 16,756,261 Total segment assets $ 23,103,101 $ 2,660,912 $ - $ 25,764,013 Twelve months ended December 31, 2017 North American Transaction Solutions International Transaction Solutions Corp Exp & Eliminations 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 % - 15 % General and administrative 3,251,547 3,033,360 4,344,866 10,629,773 Non-cash compensation - - 2,940,424 2,940,424 Provision 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 income 48,549 178,576 8,884 236,009 Net loss for segment $ (313,973 ) $ (2,186,733 ) $ (7,522,343 ) $ (10,023,049 ) Goodwill 6,671,750 2,972,002 - 9,643,752 Other segment assets 21,563,571 1,124,107 - 22,687,678 Total segment assets $ 28,235,321 $ 4,096,109 $ - $ 32,331,430

Note 1 - Organization and Ope_2

Note 1 - Organization and Operations (Details Textual)	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2018	Dec. 31, 2017
Number of Reportable Segments	3	2	3

Note 2 - Liquidity (Details Tex

Note 2 - Liquidity (Details Textual) $ in Millions	Dec. 31, 2018USD ($)
Line of Credit Facility, Remaining Borrowing Capacity	$ 10.8

Note 3 - Summary of Significa_3

Note 3 - Summary of Significant Accounting Policies (Details Textual)	12 Months Ended
	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)
Cash, Uninsured Amount	$ 600,000	$ 10,600,000
Inventory of POS Terminals	526,000	507,000
POS Terminals Placed with Merchants	727,000	501,000
Inventory Write-down	296,000	189,000
Goodwill, Impairment Loss	$ 636,000	0
Number of Reporting Units	2
Long-term Debt, Total	$ 6,379,494	7,015,422
Advertising Expense	154,000	89,000
Allocated Share-based Compensation Expense, Total	$ 142,017	2,940,424
Impairment of Intangible Assets, Finite-lived		$ 0
Client Acquisition Costs [Member]
Finite-Lived Intangible Asset, Useful Life	4 years	3 years
Weighted Average [Member]
Merchant Contracts, Term	3 years
Russia and Cayman Islands [Member]
Cash, Uninsured Amount	$ 74,000	$ 186,000

Note 3 - Summary of Significa_4

Note 3 - Summary of Significant Accounting Policies - Restricted Cash (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Cash on consolidated balance sheet	$ 1,645,481	$ 11,285,669
Restricted cash	604,070	447,602
	$ 2,249,551	$ 11,733,271	$ 1,094,063

Note 3 - Summary of Significa_5

Note 3 - Summary of Significant Accounting Policies - Impact of Adoption of ASC 606 (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Net revenues	$ 65,786,817	$ 60,064,824
Costs	(55,617,171)	$ (51,237,212)
Calculated under Revenue Guidance in Effect before Topic 606 [Member]
Net revenues	67,726,298
Costs	(57,556,652)
Difference between Revenue Guidance in Effect before and after Topic 606 [Member] | Accounting Standards Update 2014-09 [Member]
Net revenues	(1,939,481)
Costs	$ 1,939,481

Note 4 - Acquisitions (Details

Note 4 - Acquisitions (Details Textual) - USD ($)	Dec. 27, 2018	Dec. 26, 2018	Jul. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Payments to Acquire Intangible Assets				$ 5,413,264	$ 1,885,098
Unified Portfolio Acquisitions, LLC [Member] | Advance and Residual Purchase Agreement [Member]
Percentage of Portfolio Residuals Ownership			80.00%
Unified Portfolio Acquisitions, LLC [Member] | Transactional Services Portfolios [Member]
Monthly Net Residual Income, Minimum Threshold			$ 120,000
Unified Portfolio Acquisitions, LLC [Member] | Transactional Services Portfolios [Member] | Universal Partners, LLC [Member]
Business Combination, Consideration Transferred, Total			$ 2,700,000
Business Combination, Advance Period			2 years
Unified Portfolio Acquisitions, LLC [Member] | Transactional Services Portfolios [Member] | Argus Merchant Services, LLC and Treasury Payments, LLC [Member]
Business Combination, Consideration Transferred, Total		$ 1,426,000
Business Combination, Advance Period		2 years
Payments to Acquire Businesses, Gross	$ 1,150,000
Universal Partners, LLC [Member] | Advance and Residual Purchase Agreement [Member]
Percentage of Portfolio Residuals Ownership			20.00%
Residual Buyouts [Member]
Finite-Lived Intangible Asset, Useful Life				4 years
Residual Buyouts [Member] | Unified Portfolio Acquisitions, LLC [Member] | Transactional Services Portfolios [Member] | Universal Partners, LLC [Member]
Payments to Acquire Intangible Assets				$ 2,500,000
Residual Buyouts [Member] | Unified Portfolio Acquisitions, LLC [Member] | Transactional Services Portfolios [Member] | Argus Merchant Services, LLC and Treasury Payments, LLC [Member]
Payments to Acquire Intangible Assets				$ 1,200,000
Client Acquisition Costs [Member]
Finite-Lived Intangible Asset, Useful Life				4 years	3 years
Payments to Acquire Intangible Assets				$ 1,600,000	$ 1,800,000

Note 5 - Accounts Receivable (D

Note 5 - Accounts Receivable (Details Textual) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Accounts Receivable, Net, Current, Total	$ 6,290,412	$ 5,472,856
Allowance for Doubtful Accounts Receivable, Current, Ending Balance	214,000	257,000
North American Credit Card Processing [Member]
Accounts Receivable, Net, Current, Total	74,000	58,000
Non-US [Member]
Accounts Receivable, Net, Current, Total	$ 6,200,000	$ 5,400,000

Note 6 - Intangible Assets (Det

Note 6 - Intangible Assets (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Finite-Lived Intangible Assets, Net, Ending Balance	$ 6,441,743	$ 3,127,760
Amortization of Intangible Assets, Total	2,100,000	2,300,000
Portfolios and Client Lists [Member]
Finite-Lived Intangible Assets, Net, Ending Balance	3,242,799	$ 274,054
Finite-lived Intangible Assets, Removed	$ 1,400,000

Note 6 - Intangible Assets - In

Note 6 - Intangible Assets - Intangible Assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Intangible assets, cost	$ 17,846,476	$ 13,888,226
Intangible assets, accumulated amortization	(11,404,732)	(10,760,466)
Intangible assets, carrying value	6,441,743	3,127,760
Computer Software, Intangible Asset [Member]
Intangible assets, cost	2,309,291	2,274,693
Intangible assets, accumulated amortization	(2,139,891)	(2,171,803)
Intangible assets, carrying value	$ 169,400	$ 102,890
Intangible assets, useful life (Year)	3 years	3 years
Portfolios and Client Lists [Member]
Intangible assets, cost	$ 7,576,665	$ 5,213,911
Intangible assets, accumulated amortization	(4,333,866)	(4,939,857)
Intangible assets, carrying value	$ 3,242,799	$ 274,054
Intangible assets, useful life (Year)	4 years	3 years
Client Acquisition Costs [Member]
Intangible assets, cost	$ 6,370,124	$ 4,812,474
Intangible assets, accumulated amortization	(3,340,581)	(2,377,139)
Intangible assets, carrying value	$ 3,029,544	$ 2,435,335
Intangible assets, useful life (Year)	4 years	3 years
PCI Certifiction [Member]
Intangible assets, cost	$ 449,000	$ 449,000
Intangible assets, accumulated amortization	(449,000)	(361,694)
Intangible assets, carrying value		$ 87,306
Intangible assets, useful life (Year)	3 years	3 years
Trademarks [Member]
Intangible assets, cost	$ 703,586	$ 702,192
Intangible assets, accumulated amortization	(703,586)	(570,383)
Intangible assets, carrying value		$ 131,809
Intangible assets, useful life (Year)	3 years	3 years
Internet Domain Names [Member]
Intangible assets, cost	$ 437,810	$ 435,956
Intangible assets, accumulated amortization	(437,810)	(339,590)
Intangible assets, carrying value		$ 96,366
Intangible assets, useful life (Year)	3 years	3 years

Note 6 - Intangible Assets - Es

Note 6 - Intangible Assets - Estimated Aggregate Future Amortization Expense (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
2019	$ 1,561,829
2020	1,561,829
2021	1,561,829
2022	1,505,362
2023	250,894
Balance December 31, 2018	$ 6,441,743	$ 3,127,760

Note 7 - Accrued Expenses (Deta

Note 7 - Accrued Expenses (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2018	Oct. 25, 2016
Accrued Liabilities, Current, Total	$ 3,212,438	$ 2,535,947
Chief Executive Officer [Member]
Accrued Bonuses	1,000,000	866,000
Employees [Member]
Accrued Bonuses	244,000	291,000
PayOnline [Member]
Business Combination, Contingent Consideration, Liability, Total	1,100,000	$ 1,100,000	$ 1,433,475
Payment for Contingent Consideration Liability, Operating Activities	$ 252,223

Note 7 - Accrued Expenses - Acc

Note 7 - Accrued Expenses - Accrued expenses (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Accrued professional fees	$ 174,915	$ 241,281
PayOnline accrual	1,126,273	1,438,900
Accrued interest	108,202	145,264
Accrued bonus	1,157,556	1,249,852
Accrued foreign taxes	(45,952)	137,141
Other accrued expenses	14,953
	$ 2,535,947	$ 3,212,438

Note 8 - Notes Payable (Details

Note 8 - Notes Payable (Details Textual)	Dec. 28, 2018USD ($)	Mar. 20, 2018USD ($)	Aug. 29, 2017USD ($)	May 18, 2017USD ($)	Nov. 30, 2015	Jun. 30, 2014USD ($)	Mar. 19, 2018USD ($)	Dec. 31, 2018USD ($)	Dec. 31, 2017	Jun. 27, 2017USD ($)	May 02, 2016USD ($)
RBL Capital Group, LLC [Member] | RBL Loan Agreement [Member]
Debt Instrument, Term						1 year 180 days
Line of Credit Facility, Maximum Borrowing Capacity						$ 10,000,000		$ 10,500,000			$ 15,000,000
Debt Instrument, Interest Rate, Annual Increase					3.00%
RBL Capital Group, LLC [Member] | RBL Loan Agreement [Member] | Conversion of Credit Facility to Term Notes, Conversion One [Member]
Debt Conversion, Original Debt, Amount							$ 3,315,000
RBL Capital Group, LLC [Member] | RBL Loan Agreement [Member] | Conversion of Credit Facility to Term Notes, Conversion Two [Member]
Debt Conversion, Original Debt, Amount							400,000
RBL Capital Group, LLC [Member] | RBL Loan Agreement [Member] | Conversion of Credit Facility to Term Notes, Conversion Three [Member]
Debt Conversion, Original Debt, Amount							$ 250,000
RBL Capital Group, LLC [Member] | RBL Loan Agreement [Member] | Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate					13.00%	10.65%
RBL Capital Group, LLC [Member] | RBL Loan Agreement [Member] | Minimum [Member]
Debt Instrument, Interest Rate, Effective Percentage						13.90%
RBL Capital Group, LLC [Member] | RBL Loan Agreement [Member] | Maximum [Member]
Debt Instrument, Interest Rate, Effective Percentage					18.635%
RBL Capital Group, LLC [Member] | RBL Term Note [Member]
Debt Instrument, Interest Rate, Effective Percentage		14.19%
Debt Instrument, Face Amount		$ 4,544,087
Debt Instrument, Number of Interest-only Payments		4
Debt Instrument, Periodic Payment, Total		$ 85,634
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid		3,170,967
Back End Refinancing Fee		$ 133,600
Proceeds from Lines of Credit, Total	$ 2,131,500
Debt Instrument, Interest Rate, Stated Percentage	14.00%
RBL Capital Group, LLC [Member] | RBL Term Note [Member] | Credit for General Working Capital Purposes [Member]
Line of Credit Facility, Maximum Borrowing Capacity								$ 8,300,000
RBL Capital Group, LLC [Member] | RBL Term Note [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument, Periodic Payment, Interest	$ 18,804
RBL Capital Group, LLC [Member] | RBL Term Note [Member] | Debt Instrument, Redemption, Period Two [Member]
Debt Instrument, Periodic Payment, Interest	24,867
RBL Capital Group, LLC [Member] | RBL Term Note [Member] | Debt Instrument, Redemption, Period Three [Member]
Debt Instrument, Periodic Payment, Total	$ 72,850
MBF Merchant Capital, LLC [Member] | Promissory Note Two [Member] | TOT Group, Inc. [Member]
Debt Instrument, Interest Rate, Effective Percentage			13.95%
Debt Instrument, Face Amount			$ 275,000
Debt Instrument, Periodic Payment, Total			$ 29,289
Front End Fee Percentage			2.00%
Back End Fee Percentage			4.00%
Priority Payment Systems LLC [Member]
Line of Credit Facility, Maximum Borrowing Capacity										$ 2,500,000
Debt Instrument, Interest Rate, Effective Percentage								10.25%	10.25%
Proceeds from Issuance of Debt				$ 2,000,000
Priority Payment Systems LLC [Member] | Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate				6.00%

Note 8 - Notes Payable - Notes

Note 8 - Notes Payable - Notes Payable (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Long-term debt, gross	$ 6,512,268	$ 7,124,402
Less: deferred loan costs	(132,774)	(108,980)
Subtotal	6,379,494	7,015,422
Less: current portion	(433,448)	(2,493,973)
Long term debt	5,946,046	4,521,449
RBL Capital Group, LLC [Member]
Long-term debt, gross	6,512,268	4,544,087
Priority Payment Systems LLC [Member]
Long-term debt, gross		2,238,511
MBF Merchant Capital, LLC [Member]
Long-term debt, gross		$ 341,804

Note 8 - Notes Payable - Schedu

Note 8 - Notes Payable - Scheduled Notes Payable Principal Repayment (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
2019	$ 433,448
2020	1,113,323
2021	4,154,137
2022	811,360
2023
Balance December 31, 2018	$ 6,512,268	$ 7,124,402

Note 9 - Concentrations (Detail

Note 9 - Concentrations (Details Textual) - Sales Revenue, Net [Member] - Customer Concentration Risk [Member]	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Number of Major Customers	1	1
Concentration Risk, Percentage	5.00%	5.00%
Priority Payment Systems LLC [Member]
Concentration Risk, Percentage	61.00%	77.00%
BIN and ICA [Member
Concentration Risk, Percentage	20.00%	5.20%

Note 10 - Commitments and Con_3

Note 10 - Commitments and Contingencies (Details Textual)

Oct. 01, 2018USD ($)ft²

Aug. 01, 2017USD ($)

May 25, 2016

Nov. 13, 2018USD ($)

Dec. 31, 2017shares

May 31, 2013USD ($)

Mar. 31, 2018USD ($)shares

Sep. 30, 2018USD ($)ft²

Dec. 31, 2016USD ($)

Jul. 18, 2017shares

Aug. 06, 2014shares

May 02, 2013ft²

Bunker Capital [Member]

Stock Issued During Period, Shares, New Issues | shares

19,000

Other Expenses, Total

$ 221,000

Proceeds from Legal Settlements

$ 50,000

Reverse Stock Split [Member]

Stockholders' Equity Note, Stock Split, Conversion Ratio

10

Lawsuit Against Aptito.com, Inc. and Shareholders of Aptito.com, Inc. [Member] | Aptito, LLC [Member]

Number of Parent's Shares in Dispute Related to Acquisition | shares

125,000

125,000

125,000

Lease Agreement for Office at Florida [Member]

Area of Real Estate Property | ft²

4,101

Periodic Lease and Rental Expense, Per Month

$ 14,354

$ 16,800

$ 19,448

Periodic Lease and Rental Expense, Annual

$ 172,248

$ 233,377

Lessee, Operating Lease, Term of Contract

5 years

Lease Agreement for Office in Yekaterinburg, Russia [Member]

Area of Real Estate Property | ft²

1,654

Periodic Lease and Rental Expense, Annual

$ 24,300

Lease Agreement for Office in Moscow Russia [Member]

Area of Real Estate Property | ft²

3,385

4,675

Periodic Lease and Rental Expense, Annual

$ 56,000

$ 84,457

Note 10 - Commitments and Con_4

Note 10 - Commitments and Contingencies - Minimum Fee Commitments (Details)	Dec. 31, 2018USD ($)
2019	$ 558,700
2020	614,300
2021	670,730
2022	60,000
2023	70,000
Thereafter	80,000
Total	$ 2,053,730

Note 10 - Commitments and Con_5

Note 10 - Commitments and Contingencies - Future Maturities of Lease Agreements (Details)	Dec. 31, 2018USD ($)
2019	$ 238,548
2020	172,248
2021	172,248
2022	100,478
Total	$ 683,522

Note 11 - Related Party Trans_2

Note 11 - Related Party Transactions (Details Textual) - USD ($)	Oct. 20, 2017	Mar. 01, 2017	Dec. 31, 2018	Dec. 31, 2017
Due to Related Parties, Current, Total			$ 387,814	$ 461,992
Prime Portfolios, LLC [Member]
Payments for Commissions			72,000	98,000
Key Members of Management Owned Companies [Member]
Payments for Commissions			739,000	346,000
Chief Executive Officer [Member]
Due to Related Parties, Current, Total			$ 388,000	$ 462,000
Star Equities Note [Member]
Debt Instrument, Face Amount		$ 348,083
Debt Instrument, Interest Rate, Stated Percentage		12.00%
Debt Instrument, Periodic Payment, Interest		$ 3,481
Debt Conversion, Converted Instrument, Amount	$ 374,253
Debt Conversion, Converted Instrument, Shares Issued	67,312

Note 12 - Stockholders' Equity

Note 12 - Stockholders' Equity (Details Textual)	Nov. 27, 2018shares	Dec. 29, 2017USD ($)$ / sharesshares	Dec. 28, 2017shares	Oct. 20, 2017USD ($)shares	Oct. 02, 2017shares	Aug. 03, 2017$ / sharesshares	Jul. 19, 2017USD ($)shares	Jul. 05, 2017USD ($)	Feb. 28, 2017USD ($)shares	Jul. 06, 2016USD ($)shares	May 25, 2016	Jun. 12, 2015shares	Dec. 31, 2018USD ($)$ / sharesshares	Dec. 31, 2017USD ($)$ / sharesshares	Jun. 13, 2016shares	May 02, 2016USD ($)	Jul. 17, 2014USD ($)
Increase (Decrease) in Common Stock Shares Authorized					(300,000,000)							100,000,000
Common Stock, Shares Authorized					100,000,000							300,000,000	100,000,000	100,000,000	400,000,000
Proceeds from Issuance of Common Stock | $														$ 14,884,435
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance													234,218	234,218
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross													0
Long-term Debt, Total | $													$ 6,379,494	$ 7,015,422
Common Stock, Par or Stated Value Per Share | $ / shares													$ 0.0001	$ 0.0001
Share Price | $ / shares		$ 0.125
Star Equities Note [Member]
Debt Conversion, Converted Instrument, Shares Issued				67,312
Notes and Loans Payable, Total | $				$ 374,253
PayOnline [Member]
Stock Issued During Period, Shares, New Issues							30,759
Stock Issued During Period, Value, New Issues | $							$ 252,223
Increase (Decrease) in Liability for Claims and Claims Adjustment Expense Reserve | $							$ 1,400,000
ESOUSA Warrants [Member]
Class of Warrant or Right, Outstanding		404,676
Warrants and Rights Outstanding, Term		5 years
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares		$ 11.12
Warrants and Rights Outstanding | $		$ 7,600,000
Second ESOUSA Warrants [Member]
Class of Warrant or Right, Outstanding		323,907
Warrants and Rights Outstanding, Term		5 years
Class of Warrant or Right, Exercise Price of Warrants or Rights | $ / shares		$ 0.01
Crede CG III, Ltd [Member]
Long-term Debt, Total | $																$ 3,965,000	$ 3,315,000
Debt Conversion, Converted Instrument, Shares Issued														60,944
Debt Conversion, Original Debt, Amount | $														$ 330,969
Debt Instrument, Convertible, Conversion Price | $ / shares														$ 6.83
Debt Conversion Converted Instrument Exchange Premium | $														$ 52,972
Esousa Holdings LLC [Member]
Shares Issued, Price Per Share | $ / shares		$ 11.12												$ 8.45
Stock Issued During Period, Shares, New Issues		350,553												168,266
Purchase Agreement, Value of Shares Committed to Purchase by Counter Party | $										$ 10,000,000
Stock Issued During Period, Shares, Share-based Compensation, Gross										200,000
Common Stock, Par or Stated Value Per Share | $ / shares		$ 0.0001
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance													74,004	74,004
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance | $ / shares													$ 15.52	$ 15.52
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term													7 years 281 days	8 years 281 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			134,161						45,106
Chief Executive Officer [Member] | Restricted Stock [Member]
Stock Issued During Period, Shares, New Issues									47,139
Deferred Compensation Arrangement with Individual, Recorded Liability | $									$ 300,000
Plan 2013 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized	178,900
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	773,000
Share-based Compensation Arrangement by Share-based Payment Award, Share Plan Authorized, Percent of Common Stock													20.00%
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant													323,498	168,374
Plan 2013 [Member] | Board of Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost, Total | $													$ 85,786	$ 130,499
Plan 2013 [Member] | Director [Member] | Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross									45,105
Plan 2013 [Member] | Director [Member] | Employee Stock Option [Member] | Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage									50.00%
Plan 2013 [Member] | Director [Member] | Employee Stock Option [Member] | Share-based Compensation Award, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage									50.00%
Plan 2013 [Member] | Director [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period									62,668
Plan 2013 [Member] | Director [Member] | Restricted Stock [Member] | Share-based Compensation Award, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage									50.00%
Plan 2013 [Member] | Director [Member] | Restricted Stock [Member] | Share-based Compensation Award, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage									50.00%
Cobblestone Purchase Agreement [Member]
Long-term Purchase Commitment, Amount | $								$ 10,000,000
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable | $								$ 200,000
Stock Issued During Period, Shares, Acquisitions						45,676
Shares Issued, Price Per Share | $ / shares						$ 4.38								$ 4.71
Stock Issued During Period, Shares, New Issues														1,300,000
Proceeds from Issuance of Common Stock | $														$ 6,200,000
Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio											10

Note 13 - Warrants and Options

Note 13 - Warrants and Options (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	Dec. 28, 2017	Feb. 28, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 29, 2017	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance			234,218	234,218
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested Options Forfeited, Number of Shares			4,497	4,497
Share Price					$ 0.125
Predecessor Entity Warrants [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights						89,400
ESOUSA Warrants [Member]
Class of Warrant or Right, Outstanding					404,676
Warrants and Rights Outstanding, Term					5 years
Class of Warrant or Right, Exercise Price of Warrants or Rights					$ 11.12
Second ESOUSA Warrants [Member]
Class of Warrant or Right, Outstanding					323,907
Warrants and Rights Outstanding, Term					5 years
Class of Warrant or Right, Exercise Price of Warrants or Rights					$ 0.01
Warrants to Purchase Common Stock [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights			728,583	728,583
Warrants and Rights Outstanding, Term			4 years
Class of Warrant or Right, Exercise Price of Warrants or Rights			$ 6.18
Class of Warrant or Right, Warrants Expired			89,389	89,389
Class of Warrant or Right, Warrants Granted			0
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance			$ 8.10	$ 8.10
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term			1 year 255 days	1 year 255 days
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance			$ 134	$ 134
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term			8 years 62 days	8 years 62 days
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	134,161	45,106
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price		$ 8.10
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		10 years
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance			74,004	74,004
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance			$ 15.52	$ 15.52
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term			7 years 281 days	8 years 281 days
Non-Incentive Plan Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance			323,498	323,498
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance			$ 21.84	$ 21.84
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term			1 year 335 days	1 year 335 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value			$ 0	$ 0

Note 14 - Income Taxes (Details

Note 14 - Income Taxes (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Deferred Income Tax Expense (Benefit), Total	$ 0	$ 0
Current Income Tax Expense (Benefit), Total	0	0
Foreign Income Tax Expense (Benefit), Continuing Operations, Total	$ 67,002	$ 70,033
Effective Income Tax Rate Reconciliation, Percent, Total	1.70%	(0.90%)
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	34.00%
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount	$ 300,000
Deferred Tax Assets, Valuation Allowance, Total	18,027,787	$ 18,336,041
IRC Section 382, Pre-change Losses Carryforward, Limitation, Annual	2,400,000
Operating Loss Carryforwards, Cumulative Amount Release From Section 382	10,900,000
Operating Loss Carryforwards, After Change of Ownership	20,600,000
Operating Loss Carryforwards, Subject to IRC Section 382	$ 31,500,000
Open Tax Year	2015 2016 2017
Federal and State [Member]
Operating Loss Carryforwards, Total	$ 67,300,000	56,800,000
Foreign Tax Authority [Member]
Operating Loss Carryforwards, Total	$ 6,800,000	$ 14,000,000

Note 14 - Income Taxes - Compon

Note 14 - Income Taxes - Components of Income (Loss) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
United States	$ (11,214,581)	$ (7,865,421)
Foreign	7,206,912	(2,157,628)
	$ (4,007,669)	$ (10,023,049)

Note 14 - Income Taxes - Reconc

Note 14 - Income Taxes - Reconciliation of the Effective Income Tax Rate (Details)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
U. S. Federal statutory income tax rate	21.00%	34.00%
State income tax, net of federal tax benefit	5.10%	4.10%
Currency translation adjustment	5.20%	(2.20%)
Foreign income tax	1.70%	(0.90%)
Difference in foreign tax rates	(2.10%)	5.20%
Change in valuation allowance	(29.20%)	(28.90%)
Change in tax rates		(12.20%)
Effective income tax rate	1.70%	(0.90%)

Note 14 - Income Taxes - Deferr

Note 14 - Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Deferred tax assets:
Net operating loss carry forwards	$ 15,657,776	$ 14,800,451
Stock based compensation	(356,049)
Stock based compensation		741,275
Basis difference in goodwill	1,161,577	1,471,976
Basis difference in fixed assets		8,792
Basis difference in intangible assets	1,564,483	1,313,547
Allowance for bad debt (US)
Stock price guarantee adjustment
Valuation allowance for deferred tax assets	(18,027,787)	(18,336,041)
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

Note 15 - Other Income (Details

Note 15 - Other Income (Details Textual) - RBL Capital Group, LLC [Member] - RBL Term Note [Member]	Dec. 28, 2018USD ($)
Proceeds from Lines of Credit, Total	$ 2,131,500
Debt Instrument, Interest Rate, Stated Percentage	14.00%

Note 16 - Segment Information_2

Note 16 - Segment Information (Details Textual)	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2018	Dec. 31, 2017	Apr. 30, 2013
Number of Reportable Segments	3	2	3
Aptito, LLC [Member]
Business Acquisition, Percentage of Voting Interests Acquired				80.00%

Note 16 - Segment Information -

Note 16 - Segment Information - Segment Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Revenues	$ 65,786,817	$ 60,064,824
Net revenues	65,786,817	60,064,824
Cost of revenues	55,617,171	51,237,212
Gross Margin	$ 10,169,646	$ 8,827,612
Gross margin %	15.00%	15.00%
General and administrative	$ 9,758,688	$ 10,629,773
Non-cash compensation	142,017	2,940,424
Provision for bad debt	2,145,425	1,320,848
Depreciation and amortization	2,454,637	2,533,985
Interest expense (income), net	847,179	1,189,622
Impairment charge relating to goodwill	636,000	0
Other (income) expense	(791,567)	(236,009)
Net (loss) income for segment	(5,022,733)	(10,023,049)
Goodwill	9,007,752	9,643,752
Other segment assets	16,756,261	22,687,678
Total segment assets	25,764,014	32,331,430
Other income	791,567	236,009
North American Transaction Solutions [Member]
Revenues	59,138,552	51,138,327
Net revenues	59,138,552	51,138,327
Cost of revenues	50,545,759	44,265,264
Gross Margin	$ 8,592,793	$ 6,873,063
Gross margin %	15.00%	13.00%
General and administrative	$ 2,490,811	$ 3,251,547
Non-cash compensation
Provision for bad debt	2,121,131	1,408,908
Depreciation and amortization	1,898,784	1,480,603
Interest expense (income), net	833,494	997,429
Impairment charge relating to goodwill
Other (income) expense	(647,040)	(48,549)
Net (loss) income for segment	1,895,613	(313,973)
Goodwill	6,671,750	6,671,750
Other segment assets	16,431,351	21,563,571
Total segment assets	23,103,101	28,235,321
Other income	647,040	48,549
International Transaction Solutions [Member]
Revenues	6,648,265	8,926,497
Net revenues	6,648,265	8,926,497
Cost of revenues	5,071,412	6,971,948
Gross Margin	$ 1,576,853	$ 1,954,549
Gross margin %	24.00%	22.00%
General and administrative	$ 1,970,757	$ 3,033,360
Non-cash compensation
Provision for bad debt	24,294	(89,260)
Depreciation and amortization	555,853	1,053,382
Interest expense (income), net	(33,944)	(34,776)
Impairment charge relating to goodwill	636,000
Other (income) expense	(8,248,059)	(178,576)
Net (loss) income for segment	6,671,952	(2,186,733)
Goodwill	2,336,002	2,972,002
Other segment assets	324,910	1,124,107
Total segment assets	2,660,912	4,096,109
Other income	8,248,059	178,576
Corporate Segment [Member]
Revenues
Net revenues
Cost of revenues
Gross Margin
Gross margin %
General and administrative	$ 5,297,120	$ 4,344,866
Non-cash compensation	142,017	2,940,424
Provision for bad debt		1,200
Depreciation and amortization
Interest expense (income), net	47,629	226,969
Impairment charge relating to goodwill
Other (income) expense	8,103,532	(8,884)
Net (loss) income for segment	(13,590,298)	(7,522,343)
Goodwill
Other segment assets
Total segment assets
Other income	(8,103,532)	8,884
North America [Member]
Revenues	59,138,552	51,138,327
Long-lived assets	13,672,169	9,778,888
Net revenues	59,138,552	51,138,327
Russia and Cayman Islands [Member]
Revenues	6,648,265	8,926,497
Long-lived assets	2,406,732	3,511,403
Net revenues	$ 6,648,265	$ 8,926,497