Mullen Automotive (MULN) 10-Q 14 Nov 19 2019 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Nov. 14, 2019
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 Emerging Growth Company	false
Entity Small Business	true
Entity Common Stock, Shares Outstanding (in shares)		4,111,082
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false
Title of 12(b) Security	Common Stock, par value $0.0001 per share

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
ASSETS
Cash	$ 492,656	$ 1,645,481
Accounts receivable, net	5,545,309	6,290,412
Prepaid expenses and other assets	1,367,083	1,749,221
Total current assets, net	7,405,048	9,685,114
Equipment, net	9,550	25,335
Intangible assets, net	5,951,219	6,441,743
Goodwill	9,007,752	9,007,752
Operating lease right-of-use asset	411,996
Other long term assets	655,702	604,070
Total assets	23,441,267	25,764,014
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	5,350,538	6,368,444
Accrued expenses	1,637,549	2,535,947
Deferred revenue	944,283	1,495,849
Notes payable (current portion)	114,160	433,448
Operating lease liability (current portion)	31,010
Due to related party	135,311	387,814
Total current liabilities	8,212,851	11,221,502
Operating lease liability (net of current portion)	380,986
Notes payable (net of current portion)	7,982,730	5,946,046
Total liabilities	16,576,567	17,167,548
STOCKHOLDERS' EQUITY
Series A Convertible Preferred stock ($.0001 par value, 1,000,000 shares authorized, no shares issued and outstanding at September 30, 2019 and December 31, 2018)
Common stock ($.0001 par value, 100,000,000 shares authorized and 4,107,798 and 3,863,019 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively)	411	386
Paid in capital	185,282,062	183,246,232
Accumulated other comprehensive loss	(2,247,888)	(2,232,163)
Accumulated deficit	(175,961,173)	(172,292,252)
Non-controlling interest	(208,712)	(125,737)
Total stockholders' equity	6,864,700	8,596,466
Total liabilities and stockholders' equity	$ 23,441,267	$ 25,764,014

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Sep. 30, 2019	Dec. 31, 2018
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)	4,107,798	3,863,019
Common stock, shares outstanding (in shares)	4,107,798	3,863,019

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Net revenues
Revenues	$ 16,819,686	$ 17,242,758	$ 48,354,179	$ 49,689,870
Costs and expenses:
Cost of revenues	14,079,241	14,559,808	40,240,754	41,992,150
Selling, general and administrative	2,398,786	2,346,809	7,082,721	7,292,785
Non-cash compensation	15,008	22,500	2,035,855	127,011
Bad debt expense	423,379	611,897	905,877	1,611,068
Depreciation and amortization	755,985	463,384	2,354,552	1,829,447
Total costs and operating expenses	17,672,399	18,004,398	52,619,759	52,852,461
Loss from operations	(852,713)	(761,640)	(4,265,580)	(3,162,591)
Interest expense	(270,041)	(215,935)	(767,676)	(694,910)
Other income	83,343	41,507	1,281,361	364,930
Net loss from continuing operations before income taxes	(1,039,411)	(936,068)	(3,751,895)	(3,492,571)
Income taxes
Net loss from continuing operations	(1,039,411)	(936,068)	(3,751,895)	(3,492,571)
Net income attributable to the non-controlling interest	28,784	25,654	82,975	67,582
Net loss attributable to Net Element, Inc. stockholders	(1,010,627)	(910,414)	(3,668,921)	(3,424,989)
Foreign currency translation	4,373	145,867	(15,726)	214,845
Comprehensive loss attributable to common stockholders	$ (1,006,254)	$ (764,547)	$ (3,684,647)	$ (3,210,144)
Loss per share - basic and diluted (in dollars per share)	$ (0.24)	$ (0.23)	$ (0.91)	$ (0.88)
Weighted average number of common shares outstanding - basic and diluted (in shares)	4,152,433	3,901,218	4,033,521	3,870,134
Service Fees [Member]
Net revenues
Revenues	$ 16,819,686	$ 17,242,758	$ 48,354,179	$ 49,689,870

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash flows from operating activities
Net loss attributable to Net Element, Inc. stockholders	$ (3,668,921)	$ (3,424,989)
Adjustments to reconcile net loss to net cash used in operating activities:
Non-controlling interest	(82,975)	(67,582)
Share based compensation	2,035,855	127,011
Deferred revenue	(551,566)	(536,041)
Depreciation and amortization	2,354,552	1,829,447
Non cash interest	36,683	49,000
Changes in assets and liabilities:
Accounts receivable	741,381	379,601
Prepaid expenses and other assets	174,721	457,806
Accounts payable and accrued expenses	(2,488,057)	(2,087,416)
Net cash used in operating activities	(1,448,327)	(3,273,163)
Cash flows from investing activities:
Purchase of portfolios and client acquisition costs	(1,622,482)	(3,851,596)
Purchase of equipment and changes in other assets	(463,628)	(115,041)
Net cash used in investing activities	(2,086,110)	(3,966,637)
Cash flows from financing activities:
Proceeds from indebtedness, net	2,448,680	(1,458,536)
Lease liability	(319,288)
Related party advances	252,503	(39,265)
Net cash provided by (used in) financing activities	2,381,895	(1,497,801)
Effect of exchange rate changes on cash	(284)	15,036
Net decrease in cash	(1,152,826)	(8,722,565)
Cash and restricted cash at beginning of period	2,249,551	11,285,669
Cash and restricted cash at end of period	1,148,358	2,563,104
Supplemental disclosure of cash flow information
Interest	730,993	645,910
Taxes	$ 120,544	$ 44,932

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Basis of Accounting [Text Block]	NOTE 1. The accompanying September 30, 2019 not 10 December 31, 2018. not The condensed consolidated unaudited financial statements contained in this report include the accounts of Net Element, Inc., and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.

Note 2 - Organization and Opera

Note 2 - Organization and Operations	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Nature of Operations [Text Block]	NOTE 2. 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. We operate in two 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 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 3 - Liquidity

Note 3 - Liquidity	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Liquidation Basis of Accounting [Text Block]	NOTE 3. 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. To fund our operating cash needs, we may September 30, 2019, $9.3

Note 4 - Summary of Significant

Note 4 - Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 4. 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 The accompanying consolidated financial statements have been prepared in accordance with GAAP and pursuant to the reporting and disclosure rules and regulations of the Securities and Exchange Commission (“SEC”). 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. 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 $250,000 171,000 $600,000 September 30, 2019 December 31, 2018, $30,000 $74,000 September 30, 2019 December 31, 2018, 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 September 30, 2019 December 31, 2018 Cash on consolidated balance sheet $ 492,656 $ 1,645,481 Restricted cash 655,702 604,070 Total cash and restricted cash $ 1,148,358 $ 2,249,551 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 POS equipment which we use to service both merchants and ISG's. 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 Intangible Assets Intangible assets acquired, either individually or with a group of other assets (but not not December 31, 2018 nine September 30, 2019. 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 nine September 30, 2019 2018. 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, not nine September 30, 2019. For a discussion of the estimate methodology and the significance of various inputs, please see the subheading below titled “Use of Estimates.” 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 5 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, and a note payable. 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 notes payable of approximately $8.1 $6.4 September 30, 2019 December 31, 2018, 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. Leases Effective January 1, 2019, 2016 02, Leases 842 840, Leases 840 842 Under Topic 842, not 12 January 1, 2019. We identify leases in our contracts if the contract conveys the right to control the use of identified property or equipment for a period of time in exchange for consideration. We do not not 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 International Transaction Solutions segment, 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 are responsible for losses. We also have pricing latitude and can provide services using several different network options. 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 September 30, 2019. 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 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 Recent Accounting Pronouncements Adoption of ASU 2016 02, In February 2016, 2016 02, 842 December 15, 2018, January 1, 2019, 842 $471,000 January 1, 2019, 12 842 no January 1, 2019. January 1, 2019 842, not 840. 842. Recent accounting pronouncements not In January 2017, 2017 04 350 2 not December 15, 2019 not In September 2016, 2016 13, 326 January 1, 2020. January 1, 2019. not

Note 5 - Intangible Assets

Note 5 - Intangible Assets	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 5. The Company had approximately $6.0 $6.4 September 30, 2019 December 31, 2018, Intangible assets consisted of the following as of September 30, 2019 Cost Accumulated Amortization Carrying Value Amortization Life and Method IP Software $ 2,343,888 $ (2,223,928 ) $ 119,960 3 years - straight-line Portfolios and Client Lists 7,668,665 (5,327,281 ) 2,341,384 4 years - straight-line Client Acquisition Costs 7,880,303 (4,390,429 ) 3,489,874 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 Total $ 19,483,251 $ (13,532,032 ) $ 5,951,219 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 Total $ 17,846,476 $ (11,404,732 ) $ 6,441,743 Amortization expense for the intangible assets was approximately $ 697,000 376,000 three September 30, 2019 2018, nine September 30, 2019 2018 2.1 1.6 The following table presents the estimated aggregate future amortization expense of intangible assets: 2019 (remainder of year) $ 359,872 2020 1,439,489 2021 1,439,489 2022 1,429,492 2023 1,282,877 Balance September 30, 2019 $ 5,951,219

Note 6 - Accrued Expenses

Note 6 - Accrued Expenses	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE 6. At September 30, 2019 December 31, 2018, $1.6 $2.5 not September 30, 2019 December 31, 2018. September 30, 2019 December 31, 2018 Accrued professional fees $ - $ 174,915 PayOnline accrual - 1,126,273 Accrued interest 119,394 108,202 Accrued bonus 1,643,178 1,157,556 Accrued foreign taxes 13,184 (45,952 ) Other accrued expenses (138,207 ) 14,953 Total accrued expenses $ 1,637,549 $ 2,535,947 On October 25, 2016, $1,433,475 December 31, 2018 $1.1 $1.1 nine September 30, 2019. Included in accrued bonus are non-discretionary compensation due to our Chairman and CEO, which was approximately $1.3 $566,000 September 30, 2019 December 31, 2018, 330,000 $291,000 September 30, 2019 December 31, 2018, Included in other accrued expenses is a reversal of an over accrued liability of approximately $153,000

Note 7 - Notes Payable

Note 7 - Notes Payable	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 7. Notes payable consist of the following: September 30, 2019 December 31, 2018 RBL Capital Group, LLC $ 8,227,481 $ 6,512,268 Less: deferred loan costs (130,591 ) (132,774 ) Subtotal 8,096,890 6,379,494 Less: current portion (114,160 ) (433,448 ) Long term debt $ 7,982,730 $ 5,946,046 RBL Capital Group, LLC On June 30, 2014, May 2, 2016, $10 $15 February 2019. March 20, 2018. 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 On May 24, 2019, $1,116,500, 14%. May 24th, 2019 one 1 $11,562, eleven 11 $13,025. January 20, 2020, thirty 36 $38,159, May 20, 2023 On September 25, 2019, $918,000 14%. September 25, 2019 one 1 $8,803, eleven 11 $10,710. October 20, 2020, thirty-six 36 $31,375, September 20, 2023 At September 30, 2019 $6.8 Priority Payment Systems LLC On May 18, 2017, May 18, 2017. $2,000,000. 6% 10.25% December 31, 2018. 2018. Pursuant to the security agreement, any borrowings are 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 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 September 30, 2019 2019 (remainder of year) $ 114,160 2020 1,358,258 2021 4,776,973 2022 1,527,209 2023 450,881 Balance September 30, 2019 $ 8,227,481

Note 8 - Concentrations

Note 8 - Concentrations	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	NOTE 8. Our credit card processing revenues are from merchant customer transactions, which were processed primarily by two third 5% three nine September 30, 2019 2018. During the nine September 30, 2019, 46 37 8 nine September 30, 2018, 64% 16% 5% During the three September 30, 2019, 40 41 10 three September 30, 2018, 59% 21% 6%

Note 9 - Commitments and Contin

Note 9 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 9. 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 September 26, 2019, 5,875 5 September 23, 2019 September 30, 2024. $16,156 $193,875 Net Element Software, our subsidiary, currently leases approximately 1,654 $24,300.The June 1, 2019 International Transaction Solutions PayOnline leased approximately 4,675 $84,457 September 30, 2018.The 3,385 $56,000 August 31, 2019. March 11, 2019, 1600 $50,900, February 10, 2020. 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. The following table presents a reconciliation of the undiscounted future minimum lease payments, under the lease for the premises we occupy for our North American Transaction Solutions segment's U.S. headquarters, to the amounts reported as operating lease liabilities on the consolidated balance sheet as of September 30, 2019: Operating Lease Undiscounted future minimum lease payments: 2019 (remainder of year) $ 43,062 2020 172,248 2021 172,248 2022 100,478 Total $ 488,036 Amount representing imputed interest (76,040 ) Total operating lease liability 411,996 Current portion of operating lease liability (31,010 ) Operating Lease Liability, non-current $ 380,986 As of September 30, 2019 Remaining term on Lease 2.83 Incremental borrowing rate 12 % As of September 30, 2019, not 842, $19,000 Litigation, 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 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, A court ordered mediation conference was held on April 24, 2019 May 1, 2019 On August 14, 2019, September 17, 2019, Gene Zell In June 2014, October 2014, In April 2015, August 26, 2015, March 2017 In 2018, On September 20, 2019,

Note 10 - Related Party Transac

Note 10 - Related Party Transactions	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	NOTE 10. During the three September 30, 2019 2018, $18,000 $181,000 124,000 three September 30, 2019 2018, During the nine September 30, 2019 2018, $54,000 $546,000 $352,000 nine September 30, 2019 2018, At September 30, 2019 December 31, 2018, $120,000 $388,000,

Note 11 - Stockholders' Equity

Note 11 - Stockholders' Equity	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 11. On October 5, 2017, one ten On September 12, 2015 September 13, 2016, 100,000,000 300,000,000 400,000,000, October 2, 2017, 300,000,000 100,000,000. The following table represents the change in our stockholders' equity for the three nine September 30, 2019 2018: Three and Nine Months Ended September 30, 2018 Common Stock Paid in Stock Comprehensive Non-controlling Accumulated Total Stockholders' Shares Amount Capital Subscription Loss interest Deficit Equity Balance December 31, 2017 3,853,100 $ 385.31 $ 183,119,222 $ (50,585 ) $ (2,530,238 ) $ (39,186 ) $ (167,356,070 ) $ 13,143,528 Share based compensation 2,733 0.74 82,010 - - - - 82,011 Shares issued for consulting services - - - 50,585 - - - 50,585 Net income (loss) - - - - - 27,553 (1,610,847 ) (1,583,294 ) Comprehensive income - foreign currency translation - - - - 39,315 - - 39,315 Balance March 31, 2018 3,855,833 $ 386.05 $ 183,201,232 $ - $ (2,490,923 ) $ (11,633 ) $ (168,966,917 ) $ 11,732,145 Share based compensation 2,980 0.30 22,500 - - - - 22,500 Net loss - - - - - (69,481 ) (903,731 ) (973,212 ) Comprehensive income - foreign currency translation - - - - 29,662 - - 29,662 Balance June 30, 2018 $ 3,858,813 $ 386.35 $ 183,223,731 $ - $ (2,461,261 ) $ (81,114 ) $ (169,870,648 ) $ 10,811,095 Net loss - - - - - (25,654 ) (910,414 ) (936,068 ) Comprehensive income - foreign currency translation - - - - 145,867 - 145,867 Balance September 30, 2018 3,858,813 $ 386.35 $ 183,223,731 $ - $ (2,315,394 ) $ (106,768 ) $ (170,781,062 ) $ 10,020,894 Three and Nine Months Ended September 30, 2019 Common Stock Paid in Stock Comprehensive Non-controlling Accumulated Total Stockholders' Shares Amount Capital Subscription Loss interest Deficit Equity Balance December 31, 2018 3,863,019 $ 386.30 $ 183,246,232 $ - $ (2,232,163 ) $ (125,737 ) $ (172,292,252 ) $ 8,596,466 Share based compensation 2,448 0.24 15,006 - - - - 15,006 Net loss - - - - - (13,966 ) (1,120,847 ) (1,134,813 ) Comprehensive loss - foreign currency translation - - - - (14,561 ) - - (14,561 ) Balance March 31, 2019 3,865,467 $ 386.54 $ 183,261,238 $ - $ (2,246,724 ) $ (139,703 ) $ (173,413,099 ) $ 7,462,098 Share based compensation 239,047 23.90 2,005,816 - - - - 2,005,840 Net loss - - - - - (40,225 ) (1,537,447 ) (1,577,672 ) Comprehensive loss - foreign currency translation - - - - (5,537 ) - - (5,537 ) Balance June 30, 2019 4,104,514 $ 410.45 185,267,054 - (2,252,261 ) (179,928 ) (174,950,546 ) 7,884,730 Share based compensation 3,284 0.33 15,008 - - - - 15,008 Net loss - - - - - (28,784 ) (1,010,627 ) (1,039,411 ) Comprehensive income - foreign currency translation - - - - 4,373 - - 4,373 Balance September 30, 2019 4,107,798 $ 410.77 $ 185,282,062 $ - $ (2,247,888 ) $ (208,712 ) $ (175,961,173 ) $ 6,864,700 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 On October 23, 2019, 2013 177,000 950,000 2013 The maximum aggregate number of shares of common stock available for award under the 2013 September 30, 2019 December 31, 2018 78,719 323,498, 2013 2013 During the three September 30, 2019 2018, 2013 $15,000 $22,500, During the nine September 30, 2019 2018, 2013 $30,000 $45,000, During the nine September 30, 2019 80,000 2013 $503,000. September 30, 2019 December 31, 2018 ad 154,004 74,004, $9.16 8.57 7.77 September 30, 2019 December 31, 2018. During the nine September 30, 2019 22,000 2013 $138,000. nine September 30, 2019, 214,507 2013 $1,349,000.

Note 12 - Warrants and Options

Note 12 - Warrants and Options	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	NOTE 12. Options At September 30, 2019 December 31, 2018, 314,218 234,218, $3.27 $134.00 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 using the then quoted stock price at the grant date. Warrants At September 30, 2019 December 31, 2018, 728,583 September 30, 2019 $6.18 3.25 December 31, 2018, $6.18 4.00 Non-Incentive Plan Options At September 30, 2019 December 31, 2018, 323,498 $21.84 1.17 September 30, 2019. September 30, 2019 December 31, 2018 no

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with GAAP and pursuant to the reporting and disclosure rules and regulations of the Securities and Exchange Commission (“SEC”).
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.
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 $250,000 171,000 $600,000 September 30, 2019 December 31, 2018, $30,000 $74,000 September 30, 2019 December 31, 2018,
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 September 30, 2019 December 31, 2018 Cash on consolidated balance sheet $ 492,656 $ 1,645,481 Restricted cash 655,702 604,070 Total cash and restricted cash $ 1,148,358 $ 2,249,551
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 POS equipment which we use to service both merchants and ISG's. 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
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 nine September 30, 2019. 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 nine September 30, 2019 2018.
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, not nine September 30, 2019. For a discussion of the estimate methodology and the significance of various inputs, please see the subheading below titled “Use of Estimates.”
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 5 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, and a note payable. 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 notes payable of approximately $8.1 $6.4 September 30, 2019 December 31, 2018, 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.
Lessee, Leases [Policy Text Block]	Leases Effective January 1, 2019, 2016 02, Leases 842 840, Leases 840 842 Under Topic 842, not 12 January 1, 2019. We identify leases in our contracts if the contract conveys the right to control the use of identified property or equipment for a period of time in exchange for consideration. We do not not
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 International Transaction Solutions segment, 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 are responsible for losses. We also have pricing latitude and can provide services using several different network options.
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 September 30, 2019.
Cost of Goods and Service [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
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]	Recent Accounting Pronouncements Adoption of ASU 2016 02, In February 2016, 2016 02, 842 December 15, 2018, January 1, 2019, 842 $471,000 January 1, 2019, 12 842 no January 1, 2019. January 1, 2019 842, not 840. 842. Recent accounting pronouncements not In January 2017, 2017 04 350 2 not December 15, 2019 not In September 2016, 2016 13, 326 January 1, 2020. January 1, 2019. not

Note 4 - Summary of Significa_2

Note 4 - Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Restrictions on Cash and Cash Equivalents [Table Text Block]	September 30, 2019 December 31, 2018 Cash on consolidated balance sheet $ 492,656 $ 1,645,481 Restricted cash 655,702 604,070 Total cash and restricted cash $ 1,148,358 $ 2,249,551

Note 5 - Intangible Assets (Tab

Note 5 - Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Cost Accumulated Amortization Carrying Value Amortization Life and Method IP Software $ 2,343,888 $ (2,223,928 ) $ 119,960 3 years - straight-line Portfolios and Client Lists 7,668,665 (5,327,281 ) 2,341,384 4 years - straight-line Client Acquisition Costs 7,880,303 (4,390,429 ) 3,489,874 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 Total $ 19,483,251 $ (13,532,032 ) $ 5,951,219 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 Total $ 17,846,476 $ (11,404,732 ) $ 6,441,743
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	2019 (remainder of year) $ 359,872 2020 1,439,489 2021 1,439,489 2022 1,429,492 2023 1,282,877 Balance September 30, 2019 $ 5,951,219

Note 6 - Accrued Expenses (Tabl

Note 6 - Accrued Expenses (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	September 30, 2019 December 31, 2018 Accrued professional fees $ - $ 174,915 PayOnline accrual - 1,126,273 Accrued interest 119,394 108,202 Accrued bonus 1,643,178 1,157,556 Accrued foreign taxes 13,184 (45,952 ) Other accrued expenses (138,207 ) 14,953 Total accrued expenses $ 1,637,549 $ 2,535,947

Note 7 - Notes Payable (Tables)

Note 7 - Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	September 30, 2019 December 31, 2018 RBL Capital Group, LLC $ 8,227,481 $ 6,512,268 Less: deferred loan costs (130,591 ) (132,774 ) Subtotal 8,096,890 6,379,494 Less: current portion (114,160 ) (433,448 ) Long term debt $ 7,982,730 $ 5,946,046
Schedule of Maturities of Long-term Debt [Table Text Block]	2019 (remainder of year) $ 114,160 2020 1,358,258 2021 4,776,973 2022 1,527,209 2023 450,881 Balance September 30, 2019 $ 8,227,481

Note 9 - Commitments and Cont_2

Note 9 - Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Operating Lease Undiscounted future minimum lease payments: 2019 (remainder of year) $ 43,062 2020 172,248 2021 172,248 2022 100,478 Total $ 488,036 Amount representing imputed interest (76,040 ) Total operating lease liability 411,996 Current portion of operating lease liability (31,010 ) Operating Lease Liability, non-current $ 380,986 As of September 30, 2019 Remaining term on Lease 2.83 Incremental borrowing rate 12 %

Note 11 - Stockholders' Equity

Note 11 - Stockholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Stockholders Equity [Table Text Block]	Three and Nine Months Ended September 30, 2018 Common Stock Paid in Stock Comprehensive Non-controlling Accumulated Total Stockholders' Shares Amount Capital Subscription Loss interest Deficit Equity Balance December 31, 2017 3,853,100 $ 385.31 $ 183,119,222 $ (50,585 ) $ (2,530,238 ) $ (39,186 ) $ (167,356,070 ) $ 13,143,528 Share based compensation 2,733 0.74 82,010 - - - - 82,011 Shares issued for consulting services - - - 50,585 - - - 50,585 Net income (loss) - - - - - 27,553 (1,610,847 ) (1,583,294 ) Comprehensive income - foreign currency translation - - - - 39,315 - - 39,315 Balance March 31, 2018 3,855,833 $ 386.05 $ 183,201,232 $ - $ (2,490,923 ) $ (11,633 ) $ (168,966,917 ) $ 11,732,145 Share based compensation 2,980 0.30 22,500 - - - - 22,500 Net loss - - - - - (69,481 ) (903,731 ) (973,212 ) Comprehensive income - foreign currency translation - - - - 29,662 - - 29,662 Balance June 30, 2018 $ 3,858,813 $ 386.35 $ 183,223,731 $ - $ (2,461,261 ) $ (81,114 ) $ (169,870,648 ) $ 10,811,095 Net loss - - - - - (25,654 ) (910,414 ) (936,068 ) Comprehensive income - foreign currency translation - - - - 145,867 - 145,867 Balance September 30, 2018 3,858,813 $ 386.35 $ 183,223,731 $ - $ (2,315,394 ) $ (106,768 ) $ (170,781,062 ) $ 10,020,894 Three and Nine Months Ended September 30, 2019 Common Stock Paid in Stock Comprehensive Non-controlling Accumulated Total Stockholders' Shares Amount Capital Subscription Loss interest Deficit Equity Balance December 31, 2018 3,863,019 $ 386.30 $ 183,246,232 $ - $ (2,232,163 ) $ (125,737 ) $ (172,292,252 ) $ 8,596,466 Share based compensation 2,448 0.24 15,006 - - - - 15,006 Net loss - - - - - (13,966 ) (1,120,847 ) (1,134,813 ) Comprehensive loss - foreign currency translation - - - - (14,561 ) - - (14,561 ) Balance March 31, 2019 3,865,467 $ 386.54 $ 183,261,238 $ - $ (2,246,724 ) $ (139,703 ) $ (173,413,099 ) $ 7,462,098 Share based compensation 239,047 23.90 2,005,816 - - - - 2,005,840 Net loss - - - - - (40,225 ) (1,537,447 ) (1,577,672 ) Comprehensive loss - foreign currency translation - - - - (5,537 ) - - (5,537 ) Balance June 30, 2019 4,104,514 $ 410.45 185,267,054 - (2,252,261 ) (179,928 ) (174,950,546 ) 7,884,730 Share based compensation 3,284 0.33 15,008 - - - - 15,008 Net loss - - - - - (28,784 ) (1,010,627 ) (1,039,411 ) Comprehensive income - foreign currency translation - - - - 4,373 - - 4,373 Balance September 30, 2019 4,107,798 $ 410.77 $ 185,282,062 $ - $ (2,247,888 ) $ (208,712 ) $ (175,961,173 ) $ 6,864,700

Note 2 - Organization and Ope_2

Note 2 - Organization and Operations (Details Textual)	9 Months Ended
	Sep. 30, 2019
Number of Reportable Segments	2

Note 3 - Liquidity (Details Tex

Note 3 - Liquidity (Details Textual) $ in Millions	Sep. 30, 2019USD ($)
Line of Credit Facility, Remaining Borrowing Capacity	$ 9.3

Note 4 - Summary of Significa_3

Note 4 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	9 Months Ended		12 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Jan. 01, 2019
Cash, Uninsured Amount	$ 171,000		$ 600,000
Impairment of Intangible Assets (Excluding Goodwill), Total	0	$ 0
Goodwill, Impairment Loss	0		$ 636,000
Finite-Lived Intangible Asset, Useful Life
Long-term Debt, Total	8,096,890		$ 6,379,494
Operating Lease, Right-of-Use Asset	411,996			$ 471,000
Operating Lease, Liability, Total	$ 411,996			471,000
Accounting Standards Update 2016-02 [Member]
Operating Lease, Liability, Total				$ 471,000
Client Acquisition Costs [Member]
Finite-Lived Intangible Asset, Useful Life	4 years		4 years
Weighted Average [Member]
Merchant Contracts, Term	3 years
Russia and Cayman Islands [Member]
Cash, Uninsured Amount	$ 30,000		$ 74,000

Note 4 - Summary of Significa_4

Note 4 - Summary of Significant Accounting Policies - Restricted Cash (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2017
Cash on consolidated balance sheet	$ 492,656	$ 1,645,481
Restricted cash	655,702	604,070
Total cash and restricted cash	$ 1,148,358	$ 2,249,551	$ 2,563,104	$ 11,285,669

Note 5 - Intangible Assets (Det

Note 5 - Intangible Assets (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Finite-Lived Intangible Assets, Net, Ending Balance	$ 5,951,219		$ 5,951,219		$ 6,441,743
Amortization of Intangible Assets, Total	$ 697,000	$ 376,000	$ 2,100,000	$ 1,600,000

Note 5 - Intangible Assets - In

Note 5 - Intangible Assets - Intangible Assets (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Intangible assets, cost	$ 19,483,251	$ 17,846,476
Intangible assets, accumulated amortization	(13,532,032)	(11,404,732)
Intangible assets, carrying value	5,951,219	$ 6,441,743
Intangible assets, useful life (Year)
Computer Software, Intangible Asset [Member]
Intangible assets, cost	2,343,888	$ 2,309,291
Intangible assets, accumulated amortization	(2,223,928)	(2,139,891)
Intangible assets, carrying value	$ 119,960	$ 169,400
Intangible assets, useful life (Year)	3 years	3 years
Portfolios and Client Lists [Member]
Intangible assets, cost	$ 7,668,665	$ 7,576,665
Intangible assets, accumulated amortization	(5,327,281)	(4,333,866)
Intangible assets, carrying value	$ 2,341,384	$ 3,242,799
Intangible assets, useful life (Year)	4 years	4 years
Client Acquisition Costs [Member]
Intangible assets, cost	$ 7,880,303	$ 6,370,124
Intangible assets, accumulated amortization	(4,390,429)	(3,340,581)
Intangible assets, carrying value	$ 3,489,874	$ 3,029,544
Intangible assets, useful life (Year)	4 years	4 years
PCI Certifiction [Member]
Intangible assets, cost	$ 449,000	$ 449,000
Intangible assets, accumulated amortization	(449,000)	(449,000)
Intangible assets, carrying value
Intangible assets, useful life (Year)	3 years	3 years
Trademarks [Member]
Intangible assets, cost	$ 703,586	$ 703,586
Intangible assets, accumulated amortization	(703,586)	(703,586)
Intangible assets, carrying value
Intangible assets, useful life (Year)	3 years	3 years
Internet Domain Names [Member]
Intangible assets, cost	$ 437,810	$ 437,810
Intangible assets, accumulated amortization	(437,810)	(437,810)
Intangible assets, carrying value
Intangible assets, useful life (Year)	3 years	3 years

Note 5 - Intangible Assets - Es

Note 5 - Intangible Assets - Estimated Aggregate Future Amortization Expense (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
2019 (remainder of year)	$ 359,872
2020	1,439,489
2021	1,439,489
2022	1,429,492
2023	1,282,877
Balance	$ 5,951,219	$ 6,441,743

Note 6 - Accrued Expenses (Deta

Note 6 - Accrued Expenses (Details Textual) - USD ($)	9 Months Ended
	Sep. 30, 2019	Dec. 31, 2018	Oct. 25, 2016
Accrued Liabilities, Current, Total	$ 1,637,549	$ 2,535,947
Reversal of Accrued Liability	153,000
Chief Executive Officer [Member]
Accrued Bonuses	1,300,000	566,000
Employees [Member]
Accrued Bonuses	330,000	291,000
PayOnline [Member]
Business Combination, Contingent Consideration, Liability, Total	$ 1,100,000	$ 1,100,000	$ 1,433,475

Note 6 - Accrued Expenses - Acc

Note 6 - Accrued Expenses - Accrued expenses (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Accrued professional fees		$ 174,915
PayOnline accrual		1,126,273
Accrued interest	119,394	108,202
Accrued bonus	1,643,178	1,157,556
Accrued foreign taxes	13,184	(45,952)
Other accrued expenses	(138,207)	(14,953)
Other accrued expenses	138,207	14,953
Total accrued expenses	$ 1,637,549	$ 2,535,947

Note 7 - Notes Payable (Details

Note 7 - Notes Payable (Details Textual)	Sep. 25, 2019USD ($)	May 24, 2019USD ($)	Dec. 28, 2018USD ($)	Mar. 20, 2018USD ($)	May 18, 2017USD ($)	Mar. 19, 2018USD ($)	Sep. 30, 2019USD ($)	Dec. 31, 2018	Sep. 27, 2017USD ($)	May 02, 2016USD ($)	Jun. 30, 2014USD ($)
RBL Capital Group, LLC [Member] | RBL Loan Agreement [Member]
Line of Credit Facility, Maximum Borrowing Capacity										$ 15,000,000	$ 10,000,000
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 Term Note [Member]
Debt Instrument, Face Amount				$ 4,544,087
Debt Instrument, Number of Interest-only Payments				4
Debt Instrument, Interest Rate, Effective Percentage				14.19%
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	$ 918,000	$ 1,116,500	$ 2,131,500
Debt Instrument, Interest Rate, Stated Percentage	14.00%	14.00%	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							$ 6,800,000
RBL Capital Group, LLC [Member] | RBL Term Note [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument, Number of Interest-only Payments	1	1	1
Debt Instrument, Periodic Payment, Interest	$ 8,803	$ 11,562	$ 18,804
RBL Capital Group, LLC [Member] | RBL Term Note [Member] | Debt Instrument, Redemption, Period Two [Member]
Debt Instrument, Number of Interest-only Payments	11	11	11
Debt Instrument, Periodic Payment, Interest	$ 10,710	$ 13,025	$ 24,867
RBL Capital Group, LLC [Member] | RBL Term Note [Member] | Debt Instrument, Redemption, Period Three [Member]
Debt Instrument, Number of Interest-only Payments	36	36	36
Debt Instrument, Periodic Payment, Total	$ 31,375	$ 38,159	$ 72,850
Priority Payment Systems LLC [Member]
Line of Credit Facility, Maximum Borrowing Capacity									$ 2,500,000
Debt Instrument, Interest Rate, Effective Percentage								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 7 - Notes Payable - Notes

Note 7 - Notes Payable - Notes Payable (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
Long-term debt, gross	$ 8,227,481	$ 6,512,268
Less: deferred loan costs	(130,591)	(132,774)
Subtotal	8,096,890	6,379,494
Less: current portion	(114,160)	(433,448)
Long term debt	$ 7,982,730	$ 5,946,046

Note 7 - Notes Payable - Schedu

Note 7 - Notes Payable - Scheduled Notes Payable Principal Repayment (Details) - USD ($)	Sep. 30, 2019	Dec. 31, 2018
2019 (remainder of year)	$ 114,160
2020	1,358,258
2021	4,776,973
2022	1,527,209
2023	450,881
Balance	$ 8,227,481	$ 6,512,268

Note 8 - Concentrations (Detail

Note 8 - Concentrations (Details Textual) - Revenue Benchmark [Member] - Customer Concentration Risk [Member]	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Number of Major Customers	2	2	2	2
Concentration Risk, Percentage	5.00%	5.00%	5.00%	5.00%
Priority Payment Systems LLC [Member]
Concentration Risk, Percentage	40.00%	59.00%	46.00%	64.00%
BIN and ICA [Member
Concentration Risk, Percentage	41.00%	21.00%	37.00%	16.00%
First Data Corp [Member]
Concentration Risk, Percentage	10.00%	6.00%	8.00%	5.00%

Note 9 - Commitments and Cont_3

Note 9 - Commitments and Contingencies (Details Textual)	Sep. 23, 2019USD ($)ft²	Mar. 11, 2019USD ($)ft²	Oct. 01, 2018USD ($)ft²	Oct. 05, 2017	Aug. 01, 2017USD ($)	May 31, 2013USD ($)	Sep. 30, 2018USD ($)ft²	Dec. 31, 2016USD ($)	Sep. 30, 2019USD ($)	Mar. 31, 2018shares	Jul. 18, 2017shares	Aug. 06, 2014shares	May 02, 2013ft²
Operating Leases, Future Minimum Payments, Remainder of Fiscal Year									$ 19,000
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	5,875												4,101
Periodic Lease and Rental Expense, Per Month	$ 16,156				$ 14,354	$ 16,800		$ 19,448
Periodic Lease and Rental Expense, Annual	$ 193,875				$ 172,248			$ 233,377
Lessee, Operating Lease, Term of Contract	5 years				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		1,600	3,385				4,675
Periodic Lease and Rental Expense, Annual		$ 50,900	$ 56,000				$ 84,457

Note 9 - Commitments and Cont_4

Note 9 - Commitments and Contingencies - Minimum Lease Payments for North American Transaction Solutions Segment (Details) - USD ($)	Sep. 30, 2019	Jan. 01, 2019	Dec. 31, 2018
2019 (remainder of year)	$ 43,062
2020	172,248
2021	172,248
2022	100,478
Total	488,036
Amount representing imputed interest	(76,040)
Total operating lease liability	411,996	$ 471,000
Current portion of operating lease liability	(31,010)
Operating lease liability (net of current portion)	$ 380,986
Remaining term on Lease (Year)	2 years 302 days
Incremental borrowing rate	12.00%

Note 10 - Related Party Trans_2

Note 10 - Related Party Transactions (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Due to Related Parties, Current, Total	$ 135,311		$ 135,311		$ 387,814
Prime Portfolios, LLC [Member]
Payments for Commissions	18,000	$ 18,000	54,000	$ 54,000
Key Members of Management Owned Companies [Member]
Payments for Commissions	181,000	$ 124,000	546,000	$ 352,000
Chief Executive Officer [Member]
Due to Related Parties, Current, Total	$ 120,000		$ 120,000		$ 388,000

Note 11 - Stockholders' Equit_2

Note 11 - Stockholders' Equity (Details Textual)	Oct. 23, 2019shares	Nov. 27, 2018shares	Oct. 05, 2017	Oct. 02, 2017shares	Sep. 13, 2016shares	Sep. 12, 2015shares	Sep. 30, 2019USD ($)$ / sharesshares	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)$ / sharesshares	Sep. 30, 2018USD ($)	Dec. 31, 2018$ / sharesshares
Increase (Decrease) in Common Stock Shares Authorized				(300,000,000)	100,000,000	100,000,000
Common Stock, Shares Authorized				100,000,000	400,000,000	300,000,000	100,000,000		100,000,000		100,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance							314,218		314,218		234,218
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance							154,004		154,004		74,004
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance | $ / shares							$ 9.16		$ 9.16		$ 9.16
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term									8 years 208 days		7 years 281 days
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, Number of Shares Available for Grant							78,719		78,719		323,498
Plan 2013 [Member] | Board of Directors [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount, Total | $							$ 15,000	$ 22,500	$ 30,000	$ 45,000
Shares Issued, Shares, Share-based Payment Arrangement, before Forfeiture									22,000
Share-based Payment Arrangement, Expense | $									$ 138,000
Plan 2013 [Member] | Executive Officer [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount, Total | $									$ 503,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross									80,000
Plan 2013 [Member] | Employees and Consultants [Member]
Shares Issued, Shares, Share-based Payment Arrangement, before Forfeiture									214,507
Share-based Payment Arrangement, Expense | $									$ 1,349,000
Plan 2013 [Member] | Subsequent Event [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized	177,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	950,000
Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio			10

Note 11 - Stockholders' Equit_3

Note 11 - Stockholders' Equity - Change in Stockholders' Equity (Details) - USD ($)	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Balance	$ 7,884,730	$ 7,462,098	$ 8,596,466	$ 10,811,095	$ 11,732,145	$ 13,143,528	$ 8,596,466	$ 13,143,528
Share based compensation	15,008	2,005,840	15,006		22,500	82,011
Shares issued for consulting services						50,585
Net income (loss)	(1,039,411)	(1,577,672)	(1,134,813)	(936,068)	(973,212)	(1,583,294)	(3,751,895)	(3,492,571)
Comprehensive income - foreign currency translation	4,373	(5,537)	(14,561)	145,867	29,662	39,315	(15,726)	214,845
Balance	$ 6,864,700	$ 7,884,730	$ 7,462,098	$ 10,020,894	$ 10,811,095	$ 11,732,145	$ 6,864,700	$ 10,020,894
Common Stock [Member]
Balance (in shares)	4,104,514	3,865,467	3,863,019	3,858,813	3,855,833	3,853,100	3,863,019	3,853,100
Balance	$ 410.45	$ 386.54	$ 386.30	$ 386.35	$ 386.05	$ 385.31	$ 386.30	$ 385.31
Share based compensation (in shares)	3,284	239,047	2,448		2,980	2,733
Share based compensation	$ 0.33	$ 23.90	$ 0.24		$ 0.30	$ 0.74
Shares issued for consulting services
Net income (loss)
Comprehensive income - foreign currency translation
Balance (in shares)	4,107,798	4,104,514	3,865,467	3,858,813	3,858,813	3,855,833	4,107,798	3,858,813
Balance	$ 410.77	$ 410.45	$ 386.54	$ 386.35	$ 386.35	$ 386.05	$ 410.77	$ 386.35
Additional Paid-in Capital [Member]
Balance	185,267,054	183,261,238	183,246,232	183,223,731	183,201,232	183,119,222	183,246,232	183,119,222
Share based compensation	15,008	2,005,816	15,006		22,500	82,010
Shares issued for consulting services
Net income (loss)
Comprehensive income - foreign currency translation
Balance	185,282,062	185,267,054	183,261,238	183,223,731	183,223,731	183,201,232	185,282,062	183,223,731
Stock Subscriptions [Member]
Balance						(50,585)		(50,585)
Share based compensation
Shares issued for consulting services						50,585
Net income (loss)
Comprehensive income - foreign currency translation
Balance
AOCI Attributable to Parent [Member]
Balance	(2,252,261)	(2,246,724)	(2,232,163)	(2,461,261)	(2,490,923)	(2,530,238)	(2,232,163)	(2,530,238)
Share based compensation
Shares issued for consulting services
Net income (loss)
Comprehensive income - foreign currency translation	4,373	(5,537)	(14,561)	145,867	29,662	39,315
Balance	(2,247,888)	(2,252,261)	(2,246,724)	(2,315,394)	(2,461,261)	(2,490,923)	(2,247,888)	(2,315,394)
Noncontrolling Interest [Member]
Balance	(179,928)	(139,703)	(125,737)	(81,114)	(11,633)	(39,186)	(125,737)	(39,186)
Share based compensation
Shares issued for consulting services
Net income (loss)	(28,784)	(40,225)	(13,966)	(25,654)	(69,481)	27,553
Comprehensive income - foreign currency translation
Balance	(208,712)	(179,928)	(139,703)	(106,768)	(81,114)	(11,633)	(208,712)	(106,768)
Retained Earnings [Member]
Balance	(174,950,546)	(173,413,099)	(172,292,252)	(169,870,648)	(168,966,917)	(167,356,070)	(172,292,252)	(167,356,070)
Share based compensation
Shares issued for consulting services
Net income (loss)	(1,010,627)	(1,537,447)	(1,120,847)	(910,414)	(903,731)	(1,610,847)
Comprehensive income - foreign currency translation
Balance	$ (175,961,173)	$ (174,950,546)	$ (173,413,099)	$ (170,781,062)	$ (169,870,648)	$ (168,966,917)	$ (175,961,173)	$ (170,781,062)

Note 12 - Warrants and Options

Note 12 - Warrants and Options (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance	314,218	234,218
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
Warrants and Rights Outstanding, Remaining Contractual Term	1 year 62 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 0	$ 0
Warrants to Purchase Common Stock [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	728,583	728,583
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 6.18	$ 6.18
Warrants and Rights Outstanding, Remaining Contractual Term	3 years 91 days	4 years
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance	$ 3.27	$ 3.27
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance	$ 134	$ 134