Mullen Automotive (MULN) 10-Q 13 Aug 20 2020 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Aug. 13, 2020
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 Interactive Data Current	Yes
Entity Common Stock, Shares Outstanding (in shares)		4,117,878
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Jun. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
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 ($)	Jun. 30, 2020	Dec. 31, 2019
ASSETS
Cash	$ 865,812	$ 486,604
Accounts receivable, net	5,855,538	6,560,928
Prepaid expenses and other assets	1,530,625	1,621,144
Total current assets, net	8,251,975	8,668,676
Intangible assets, net	4,703,406	5,678,649
Goodwill	7,681,186	7,681,186
Operating lease right-of-use asset	316,118	380,986
Other long term assets	730,185	629,651
Total assets	21,682,870	23,039,148
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	5,360,103	6,037,833
Accrued expenses	2,121,161	1,800,344
Deferred revenue	1,291,703	1,401,117
Notes payable (current portion)	936,391	909,086
Operating lease liability (current portion)	68,859	133,727
Due to related party	81,591	126,662
Total current liabilities	9,859,808	10,408,769
Operating lease liability (net of current portion)	247,259	247,259
Notes payable (net of current portion)	8,986,881	8,342,461
Total liabilities	19,093,948	18,998,489
STOCKHOLDERS' EQUITY
Series A Convertible Preferred stock ($.0001 par value, 1,000,000 shares authorized, no shares issued and outstanding at June 30, 2020 and December 31, 2019)
Common stock ($.0001 par value, 100,000,000 shares authorized 4,195,670 and 4,111,082 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively)	419	410
Paid in capital	185,496,940	185,297,069
Accumulated other comprehensive loss	(2,209,363)	(2,274,187)
Accumulated deficit	(180,442,122)	(178,750,634)
Non-controlling interest	(256,952)	(231,999)
Total stockholders' equity	2,588,922	4,040,659
Total liabilities and stockholders' equity	$ 21,682,870	$ 23,039,148

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
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)	4,195,670	4,111,082
Common stock, shares outstanding (in shares)	4,195,670	4,111,082

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Service fees	$ 13,718,609	$ 16,487,311	$ 29,556,175	$ 31,534,494
Costs and expenses:
Cost of service fees	11,536,787	13,901,365	24,837,195	26,161,512
Selling, general and administrative	1,385,329	2,299,070	3,701,221	4,683,936
Non-cash compensation	7,500	2,005,840	45,900	2,020,847
Bad debt expense	33,310	143,190	476,088	482,498
Depreciation and amortization	772,402	747,347	1,551,844	1,598,567
Total costs and operating expenses	13,735,328	19,096,812	30,612,248	34,947,360
Loss from operations	(16,719)	(2,609,501)	(1,056,073)	(3,412,866)
Interest expense	(341,020)	(252,582)	(689,433)	(497,635)
Other income	19,325	1,284,411	29,065	1,198,018
Net loss from continuing operations before income taxes	(338,414)	(1,577,672)	(1,716,441)	(2,712,483)
Income taxes
Net loss	(338,414)	(1,577,672)	(1,716,441)	(2,712,483)
Net loss attributable to the non-controlling interest	13,724	40,225	24,953	54,191
Net loss attributable to Net Element, Inc. stockholders	(324,690)	(1,537,447)	(1,691,488)	(2,658,292)
Foreign currency translation	(65,990)	(5,537)	64,824	(20,099)
Comprehensive loss attributable to common stockholders	$ (390,680)	$ (1,542,984)	$ (1,626,664)	$ (2,678,391)
Loss per share - basic and diluted (in dollars per share)	$ (0.08)	$ (0.37)	$ (0.41)	$ (0.68)
Weighted average number of common shares outstanding - basic and diluted (in shares)	4,175,148	4,199,076	4,146,396	3,908,872
Service Fees [Member]
Service fees	$ 13,718,609	$ 16,487,311	$ 29,556,175	$ 31,534,494

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities
Net loss attributable to Net Element, Inc. stockholders	$ (1,691,488)	$ (2,658,292)
Adjustments to reconcile net loss to net cash used in operating activities:
Non-controlling interest	(24,953)	(54,191)
Share based compensation	45,899	2,020,847
Deferred revenue	(109,414)	(1,046,398)
Provision for bad debt	(8,668)	(8,927)
Depreciation and amortization	1,551,844	1,598,567
Non cash interest	46,552	21,711
Changes in assets and liabilities:
Accounts receivable	700,506	1,165,261
Prepaid expenses and other assets	(287,386)	668,646
Accounts payable and accrued expenses	(538,178)	(2,305,202)
Net cash used in operating activities	(315,286)	(597,978)
Cash flows from investing activities:
Client acquisition costs	(359,350)	(1,210,278)
Purchase of equipment and changes in other assets	(35,666)	(468,287)
Net cash used in investing activities	(395,016)	(1,678,565)
Cash flows from financing activities:
Proceeds from SBA Loans	651,392
Proceeds from indebtedness	174,314	1,116,500
Repayment of indebtedness		(209,084)
Lease liability	(64,868)	442,094
Related party advances	159,432	166,561
Net cash provided by financing activities	920,270	1,516,071
Effect of exchange rate changes on cash	14,589	6,271
Net increase (decrease) in cash	224,557	(754,201)
Cash and restricted cash at beginning of period	1,116,255	2,249,551
Cash and restricted cash at end of period	1,340,812	1,495,350
Supplemental disclosure of cash flow information
Interest	336,120	475,924
Taxes		$ 103,841

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Basis of Accounting [Text Block]	NOTE 1. BASIS OF PRESENTATION The accompanying June 30, 2020 not 10 December 31, 2019 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	6 Months Ended
	Jun. 30, 2020
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. 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 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 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 and Going Co

Note 3 - Liquidity and Going Concern Considerations	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Substantial Doubt about Going Concern [Text Block]	NOTE 3. Our consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business. We sustained a net loss of approximately $1.7 six June 30, 2020 $6.5 December 31, 2019 $180.4 $1.6 June 30, 2020. The continuing spread of the novel coronavirus pandemic (“COVID- 19” 19 may During March 2020, 19 no 19 As part of our Company's plan to obtain capital to fund future operations, on March 27, 2020, $2,000,000 March 27, 2021, 88% $148,000 April 23, 2020, $2,000,000 $5,000,000 one August 3, 2020, $5,000,000 $15,000,000 one The Company received its first $148,000 March 27, 2020, April 2020, Note 11. second $143,000 April 28, 2020, June 30, 2020. No August 11, 2020, third $707,000 66,190 On May 7, 2020, $491,493 May 7, 2022 1% December 7, 2020, 17 two May 7, 2020. may eight first No Refer to Note 7. On May 18, 2020, $159,899 Refer to Note 7. On August 4, 2020, 4 not December 31, 2020, ( not not may may Consummation of the Merger, the Divestiture, the Private Placement and the other transactions contemplated in the Merger Agreement, is subject to customary conditions including, among others, the approval of the Company's stockholders. There is no As contemplated by the Merger Agreement, on August 11, 2020, August 11, 2020 ( $500,000. 14% These conditions raise substantial doubt about our ability to continue as a going concern. The accompanying consolidated financial statements do not

Note 4 - Summary of Significant

Note 4 - Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
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 $162,000 $134,000 June 30, 2020 December 31, 2019 $39,000 $30,000 June 30, 2020 December 31, 2019 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 June 30, 2020 December 31, 2019 Cash on consolidated balance sheet $ 865,812 $ 486,604 Restricted cash 475,000 629,651 Total cash and restricted cash $ 1,340,812 $ 1,116,255 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 Other Current Assets Other current assets 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 have an average length of three Intangible Assets Intangible assets acquired, either individually or with a group of other assets (but not not December 31, 2019 six June 30, 2020 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 six June 30, 2020 June 30, 2019 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, 2019 $1.3 not six June 30, 2020 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 $9.9 $9.3 June 30, 2020 December 31, 2019 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 Group 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 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 June 30, 2020 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 and is included in selling, general and administrative expenses in the accompanying consolidated statements of operations and comprehensive loss. Equity-based Compensation We account for grants of equity awards to employees in accordance with ASC 718, Compensation—Stock Compensation 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, 842 842 no January 1, 2019. January 1, 2019 842, not 840. 842. Recent accounting pronouncements not In June 2016, 2016 13, 326 January 1, 2020. not

Note 5 - Intangible Assets

Note 5 - Intangible Assets	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 5. The Company had approximately $4.7 $5.7 June 30, 2020 December 31, 2019 Intangible assets consisted of the following as of June 30, 2020 Cost Accumulated Amortization Carrying Value Amortization Life and Method IP Software $ 2,378,248 $ (2,306,565 ) $ 71,682 3 years - straight-line Portfolios and Client Lists 7,714,665 (6,195,599 ) 1,519,066 4 years - straight-line Client Acquisition Costs 8,625,568 (5,512,910 ) 3,112,658 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 $ 20,308,876 $ (15,605,470 ) $ 4,703,406 Intangible assets consisted of the following as of December 31, 2019 Cost Accumulated Amortization Carrying Value Amortization Life and Method IP Software $ 2,343,888 $ (2,240,695 ) $ 103,193 3 years - straight-line Portfolios and Client Lists 7,714,665 (5,614,880 ) 2,099,785 4 years - straight-line Client Acquisition Costs 8,238,018 (4,762,347 ) 3,475,671 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 $ 19,886,966 $ (14,208,317 ) $ 5,678,649 Amortization expense for the intangible assets was approximately $679,000 $649,000 three June 30, 2020 2019 six June 30, 2020 2019 $1.4 The following table presents the estimated aggregate future amortization expense of intangible assets: 2020 (remainder of year) $ 567,754 2021 1,135,508 2022 1,135,508 2023 1,123,561 2024 741,075 Balance June 30, 2020 $ 4,703,406

Note 6 - Accrued Expenses

Note 6 - Accrued Expenses	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE 6. At June 30, 2020 December 31, 2019 2.1 $1.8 not June 30, 2020 December 31, 2019 June 30, 2020 December 31, 2019 Accrued professional fees $ 283,071 $ 276,239 PayOnline accrual - 69,039 Accrued interest 89,573 43,021 Accrued bonus 1,516,808 1,318,060 Accrued foreign taxes 863 2,064 Other accrued expenses 230,846 91,921 Total accrued expenses $ 2,121,161 $ 1,800,344 Included in accrued bonus are non-discretionary compensation due to our Chairman and CEO, which was approximately $1.2 $1.0 June 30, 2020 December 31, 2019 $362,000 $339,000 June 30, 2020 December 31, 2019 Included in other accrued expenses at June 30, 2020 $136,000

Note 7 - Notes Payable

Note 7 - Notes Payable	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 7. Notes payable consist of the following: June 30, 2020 December 31, 2019 RBL Capital Group, LLC $ 9,431,157 $ 9,431,157 SBA Loan - EIDL 159,899 - SBA Loan - PPP 491,493 - Subtotal 10,082,549 9,431,157 Less: deferred loan costs (159,277 ) (179,610 ) Subtotal 9,923,272 9,251,547 Less: current portion (936,391 ) (909,086 ) Long term debt $ 8,986,881 $ 8,342,461 RBL Capital Group, LLC Effective June 30, 2014, 18 $10 13.90% 10.65%. May 2, 2016, $10 $15 February 2019. The co-borrowers' obligations to RBL pursuant to the RBL Loan Agreement are secured by a first not On December 19, 2019, $1,000,000 $9,431,157. 14.19%. January 20, 2020, one 1 $117,329, five 5 $111,523. July 20, 2020, forty-eight 48 $258,620, March 20, 2024 not ten 10 five 5% not not On March 27, 2020, $2,000,000 March 27, 2021, 88% $148,000 first $148,000 March 27, 2020, April 2020, Note 11. On April 23, 2020, $2,000,000 $5,000,000 one second $143,000 April 28, 2020, June 30, 2020. No On August 3, 2020, $5,000,000 $15,000,000 one On August 11, 2020, third $707,000 66,190 SBA Loans On May 7, 2020, $491,493 May 7, 2022 1% December 7, 2020, 17 two May 7, 2020. may eight first No Refer to Note 7. On May 18, 2020, $159,899 twelve 3.75% thirty Scheduled notes payable principal repayment at June 30, 2020 2020 (remainder of year) $ 936,391 2021 2,353,216 2022 2,470,767 2023 3,418,653 2024 763,380 thereafter 140,141 Balance June 30, 2020 $ 10,082,549

Note 8 - Concentrations

Note 8 - Concentrations	6 Months Ended
	Jun. 30, 2020
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 six June 30, 2020 2019 During the six June 30, 2020 33% 46% 10% six June 30, 2019 49% 35% 7% During the three June 30, 2020 27% 50% 10% three June 30, 2019 46 38 8%

Note 9 - Commitments and Contin

Note 9 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 9. Employment Agreement On February 25, 2020, , $250,000. 5 1 10,000 two 50% Minimum Billing Processing Fees Commitment We have non-exclusive agreements with two June 30, 2020, $150,000 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 On September 26, 2019, 5,875 5 September 23, 2019 September 30, 2024. $16,156 $193,875 $11,500 July 7, 2020, $16,156 January 1, 2021. March 1, 2021, $16,156 $11,500, $2,000 Net Element Software, our subsidiary, currently leases approximately 1,654 $21,000.The June 1, 2019 International Transaction Solutions The Company occupies an office in Moscow, Russia with approximately 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 June 30, 2020 Operating Lease Undiscounted future minimum lease payments: 2020 (remainder of year) $ 86,124 2021 172,248 2022 100,478 Total $ 358,850 Amount representing imputed interest (42,732 ) Total operating lease liability 316,118 Current portion of operating lease liability (68,859 ) Operating Lease Liability, non-current $ 247,259 As of June 30, 2020 Remaining term on Lease 2.00 Incremental borrowing rate 12 % As of June 30, 2020 not 842, $122,000 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, March 23, 2020. July 2020. July 23, 2020, Gene Zell In June 2014, October 2014, In April 2015, August 26, 2015, March 2017 In 2018, On September 20, 2019, A trial was scheduled for April 2020

Note 10 - Related Party Transac

Note 10 - Related Party Transactions	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	NOTE 10. During the three June 30, 2020 2019 $18,000 $186,000 $195,000 three June 30, 2020 2019 During the six June 30, 2020 2019 $58,000 $36,000, $412,000 $365,000 six June 30, 2020 2019 At June 30, 2020 December 31, 2019 $61,000 $127,000, $74,000 On March 27, 2020, $2,000,000 March 27, 2021, 88% $148,000 first $148,000 March 27, 2020, April 2020, Note 11. On April 23, 2020, $2,000,000 $5,000,000 one second $143,000 April 28, 2020, June 30, 2020. No On August 3, 2020, $5,000,000 $15,000,000 one On August 11, 2020, third $707,000 66,190

Note 11 - Stockholders' Equity

Note 11 - Stockholders' Equity	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 11. 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. The following table represents the change in our stockholders' equity for the three six June 30, 2020 and 2019 : Three and Six Months Ended June 30, 2019 Common Stock Paid in Accumulated Other Non-controlling Accumulated Total Shares Amount Capital Comprehensive Loss interest Deficit Stockholder's 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 $ 386.55 $ 183,261,238 $ (2,246,724 ) $ (139,703 ) $ (173,413,099 ) $ 7,462,098 Share based compensation 319,047 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 4,184,514 $ 410.45 $ 185,267,054 $ (2,252,261 ) $ (179,928 ) $ (174,950,546 ) $ 7,884,729 Three and Six Months Ended June 30, 2020 Common Stock Paid in Accumulated Other Non-controlling Accumulated Total Shares Amount Capital Comprehensive Loss interest Deficit Stockholder's Equity Balance December 31, 2019 4,111,082 $ 410.66 $ 185,297,069 $ (2,274,187 ) $ (231,999 ) $ (178,750,634 ) $ 4,040,660 Share based compensation 14,672 1.47 45,896 - - - 45,897 Expenses paid in connection with ESOUSA transaction - - (5,000 ) - - - (5,000 ) Net loss - - - - (11,228 ) (1,366,798 ) (1,378,026 ) Comprehensive loss - foreign currency translation - - - 130,813 - - 130,813 Balance March 31, 2020 4,125,754 $ 412.13 $ 185,337,965 $ (2,143,374 ) $ (243,227 ) $ (180,117,432 ) $ 2,834,345 Share based compensation 4,054 0.41 7,500 7,500 ESOUSA transaction 65,862 6.59 151,475 151,482 Net loss - - - (13,724 ) (324,690 ) (338,414 ) Comprehensive loss - foreign currency translation - - - (65,990 ) (65,990 ) Balance June 30, 2020 4,195,670 $ 419.13 $ 185,496,940 $ (2,209,364 ) $ (256,951 ) $ (180,442,122 ) $ 2,588,923 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 June 30, 2020 December 31, 2019 153,709 252,436, 2013 2013 During the three June 30, 2020 and 2019 , we issued common stock pursuant to the 2013 7,500 and $15,000, During the six June 30, 2020 and 2019 , we issued common stock pursuant to the 2013 $15,000 and $30,000, At June 30, 2020 December 31, 2019, 154,005 $10.73 7.58 June 30, 2020 8.08 December 31, 2019, June 30, 2020 December 31, 2019.

Note 12 - Warrants and Options

Note 12 - Warrants and Options	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	NOTE 12. Options At June 30, 2020 December 31, 2019 314 ,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 June 30, 2020 December 31, 2019 728,583 June 30, 2020 $6.18 2.50 December 31, 2019 $6.18 3.00 Non-Incentive Plan Options At June 30, 2020 December 31, 2019 323,498 $21.84. .42 June 30, 2020 June 30, 2020 December 31, 2019 no

Note 13 - Subsequent Event

Note 13 - Subsequent Event	6 Months Ended
	Jun. 30, 2020
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE 13. On August 3, 2020, $5,000,000 $15,000,000 one August 11, 2020, third $707,000 66,190 On August 4, 2020, 4 not December 31, 2020, ( not not may may As contemplated by the Merger Agreement, on August 11, 2020, August 11, 2020 ( $500,000. 14%

Note 4 - Summary of Significa_2

Note 4 - Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2020
Notes Tables
Restrictions on Cash and Cash Equivalents [Table Text Block]	June 30, 2020 December 31, 2019 Cash on consolidated balance sheet $ 865,812 $ 486,604 Restricted cash 475,000 629,651 Total cash and restricted cash $ 1,340,812 $ 1,116,255

Note 5 - Intangible Assets (Tab

Note 5 - Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2020
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Cost Accumulated Amortization Carrying Value Amortization Life and Method IP Software $ 2,378,248 $ (2,306,565 ) $ 71,682 3 years - straight-line Portfolios and Client Lists 7,714,665 (6,195,599 ) 1,519,066 4 years - straight-line Client Acquisition Costs 8,625,568 (5,512,910 ) 3,112,658 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 $ 20,308,876 $ (15,605,470 ) $ 4,703,406 Cost Accumulated Amortization Carrying Value Amortization Life and Method IP Software $ 2,343,888 $ (2,240,695 ) $ 103,193 3 years - straight-line Portfolios and Client Lists 7,714,665 (5,614,880 ) 2,099,785 4 years - straight-line Client Acquisition Costs 8,238,018 (4,762,347 ) 3,475,671 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 $ 19,886,966 $ (14,208,317 ) $ 5,678,649
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	2020 (remainder of year) $ 567,754 2021 1,135,508 2022 1,135,508 2023 1,123,561 2024 741,075 Balance June 30, 2020 $ 4,703,406

Note 6 - Accrued Expenses (Tabl

Note 6 - Accrued Expenses (Tables)	6 Months Ended
	Jun. 30, 2020
Notes Tables
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	June 30, 2020 December 31, 2019 Accrued professional fees $ 283,071 $ 276,239 PayOnline accrual - 69,039 Accrued interest 89,573 43,021 Accrued bonus 1,516,808 1,318,060 Accrued foreign taxes 863 2,064 Other accrued expenses 230,846 91,921 Total accrued expenses $ 2,121,161 $ 1,800,344

Note 7 - Notes Payable (Tables)

Note 7 - Notes Payable (Tables)	6 Months Ended
	Jun. 30, 2020
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	June 30, 2020 December 31, 2019 RBL Capital Group, LLC $ 9,431,157 $ 9,431,157 SBA Loan - EIDL 159,899 - SBA Loan - PPP 491,493 - Subtotal 10,082,549 9,431,157 Less: deferred loan costs (159,277 ) (179,610 ) Subtotal 9,923,272 9,251,547 Less: current portion (936,391 ) (909,086 ) Long term debt $ 8,986,881 $ 8,342,461
Schedule of Maturities of Long-term Debt [Table Text Block]	2020 (remainder of year) $ 936,391 2021 2,353,216 2022 2,470,767 2023 3,418,653 2024 763,380 thereafter 140,141 Balance June 30, 2020 $ 10,082,549

Note 9 - Commitments and Cont_2

Note 9 - Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2020
Notes Tables
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Operating Lease Undiscounted future minimum lease payments: 2020 (remainder of year) $ 86,124 2021 172,248 2022 100,478 Total $ 358,850 Amount representing imputed interest (42,732 ) Total operating lease liability 316,118 Current portion of operating lease liability (68,859 ) Operating Lease Liability, non-current $ 247,259 As of June 30, 2020 Remaining term on Lease 2.00 Incremental borrowing rate 12 %

Note 11 - Stockholders' Equity

Note 11 - Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2020
Notes Tables
Schedule of Stockholders Equity [Table Text Block]	Three and Six Months Ended June 30, 2019 Common Stock Paid in Accumulated Other Non-controlling Accumulated Total Shares Amount Capital Comprehensive Loss interest Deficit Stockholder's 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 $ 386.55 $ 183,261,238 $ (2,246,724 ) $ (139,703 ) $ (173,413,099 ) $ 7,462,098 Share based compensation 319,047 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 4,184,514 $ 410.45 $ 185,267,054 $ (2,252,261 ) $ (179,928 ) $ (174,950,546 ) $ 7,884,729 Three and Six Months Ended June 30, 2020 Common Stock Paid in Accumulated Other Non-controlling Accumulated Total Shares Amount Capital Comprehensive Loss interest Deficit Stockholder's Equity Balance December 31, 2019 4,111,082 $ 410.66 $ 185,297,069 $ (2,274,187 ) $ (231,999 ) $ (178,750,634 ) $ 4,040,660 Share based compensation 14,672 1.47 45,896 - - - 45,897 Expenses paid in connection with ESOUSA transaction - - (5,000 ) - - - (5,000 ) Net loss - - - - (11,228 ) (1,366,798 ) (1,378,026 ) Comprehensive loss - foreign currency translation - - - 130,813 - - 130,813 Balance March 31, 2020 4,125,754 $ 412.13 $ 185,337,965 $ (2,143,374 ) $ (243,227 ) $ (180,117,432 ) $ 2,834,345 Share based compensation 4,054 0.41 7,500 7,500 ESOUSA transaction 65,862 6.59 151,475 151,482 Net loss - - - (13,724 ) (324,690 ) (338,414 ) Comprehensive loss - foreign currency translation - - - (65,990 ) (65,990 ) Balance June 30, 2020 4,195,670 $ 419.13 $ 185,496,940 $ (2,209,364 ) $ (256,951 ) $ (180,442,122 ) $ 2,588,923

Note 2 - Organization and Ope_2

Note 2 - Organization and Operations (Details Textual)	6 Months Ended
	Jun. 30, 2020
Number of Reportable Segments	2

Note 3 - Liquidity and Going _2

Note 3 - Liquidity and Going Concern Considerations (Details Textual) - USD ($)	Aug. 11, 2020	May 18, 2020	May 07, 2020	Apr. 28, 2020	Mar. 27, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Aug. 03, 2020	Apr. 23, 2020
Net Income (Loss) Attributable to Parent, Total						$ (324,690)	$ (1,537,447)	$ (1,691,488)	$ (2,658,292)	$ (6,500,000)
Retained Earnings (Accumulated Deficit), Ending Balance						(180,442,122)		(180,442,122)		(178,750,634)
Working Capital								1,600,000
Agreement, Maximum Notes Payable to be Paid						$ 10,082,549		10,082,549		$ 9,431,157
Proceeds from Paycheck Protection Program Under CARES Act			$ 491,493
Proceeds from Issuance of Unsecured Debt								$ 651,392
Esousa Holdings LLC [Member]
Sale of Promissory Note, Percent of Gross Proceeds of Equity Sale Used to Finance Purchase of Note					88.00%
Sale of Promissory Note, Periodic Purchase Amount					$ 148,000
Proceeds from Sale of Notes Payable				$ 143,000	148,000
Esousa Holdings LLC [Member] | Subsequent Event [Member]
Stock Issued During Period, Shares, New Issues (in shares)	66,190
RBL Capital Group, LLC [Member] | Subsequent Event [Member]
Proceeds from Sale of Notes Payable	$ 707,000
Mullen [Member] | Subsequent Event [Member]
Receivable with Imputed Interest, Face Amount	$ 500,000
Receivable with Imputed Interest, Effective Yield (Interest Rate)	14.00%
Promissory Note Issued to RBL Capital Group [Member]
Agreement, Maximum Notes Payable to be Paid					$ 2,000,000							$ 5,000,000
Promissory Note Issued to RBL Capital Group [Member] | Subsequent Event [Member]
Agreement, Maximum Notes Payable to be Paid											$ 15,000,000
SBA Economic Injury Disaster Loan Program [Member]
Proceeds from Issuance of Unsecured Debt		$ 159,899

Note 4 - Summary of Significa_3

Note 4 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended	6 Months Ended		12 Months Ended
	Mar. 31, 2020	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Cash, Uninsured Amount		$ 162,000		$ 134,000
Impairment of Intangible Assets, Finite-lived		0	$ 0
Goodwill, Impairment Loss		0		1,300,000
Long-term Debt, Total		$ 9,923,272		$ 9,251,547
Client Acquisition Costs [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	4 years	4 years		4 years
Weighted Average [Member]
Merchant Contracts, Term (Year)		3 years
Russia and Cayman Islands [Member]
Cash, Uninsured Amount		$ 39,000		$ 30,000

Note 4 - Summary of Significa_4

Note 4 - Summary of Significant Accounting Policies - Restricted Cash (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Cash on consolidated balance sheet	$ 865,812	$ 486,604
Restricted cash	475,000	629,651
Total cash and restricted cash	$ 1,340,812	$ 1,116,255	$ 1,495,350	$ 2,249,551

Note 5 - Intangible Assets (Det

Note 5 - Intangible Assets (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Finite-Lived Intangible Assets, Net, Ending Balance	$ 4,703,406		$ 4,703,406		$ 5,678,649
Amortization of Intangible Assets, Total	$ 679,000	$ 649,000	$ 1,400,000	$ 1,400,000

Note 5 - Intangible Assets - In

Note 5 - Intangible Assets - Intangible Assets (Details) - USD ($)	3 Months Ended	6 Months Ended	12 Months Ended
	Mar. 31, 2020	Jun. 30, 2020	Dec. 31, 2019
Intangible assets, cost		$ 20,308,876	$ 19,886,966
Intangible assets, accumulated amortization		(15,605,470)	(14,208,317)
Intangible assets, carrying value		4,703,406	5,678,649
Computer Software, Intangible Asset [Member]
Intangible assets, cost		2,378,248	2,343,888
Intangible assets, accumulated amortization		(2,306,565)	(2,240,695)
Intangible assets, carrying value		$ 71,682	$ 103,193
Intangible assets, useful life (Year)		3 years	3 years
Portfolios and Client Lists [Member]
Intangible assets, cost		$ 7,714,665	$ 7,714,665
Intangible assets, accumulated amortization		(6,195,599)	(5,614,880)
Intangible assets, carrying value		$ 1,519,066	$ 2,099,785
Intangible assets, useful life (Year)		4 years	4 years
Client Acquisition Costs [Member]
Intangible assets, cost		$ 8,625,568	$ 8,238,018
Intangible assets, accumulated amortization		(5,512,910)	(4,762,347)
Intangible assets, carrying value		$ 3,112,658	$ 3,475,671
Intangible assets, useful life (Year)	4 years	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 ($)	Jun. 30, 2020	Dec. 31, 2019
2020 (remainder of year)	$ 567,754
2021	1,135,508
2022	1,135,508
2023	1,123,561
2024	741,075
Balance	$ 4,703,406	$ 5,678,649

Note 6 - Accrued Expenses (Deta

Note 6 - Accrued Expenses (Details Textual) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Accrued Liabilities, Current, Total	$ 2,121,161	$ 1,800,344
Other Accrued Liabilities, Current	230,846	91,921
Tranche From ESOUSA [Member]
Other Accrued Liabilities, Current	136,000
Chief Executive Officer [Member]
Accrued Bonuses	1,200,000	1,000,000
Employees [Member]
Accrued Bonuses	$ 362,000	$ 339,000

Note 6 - Accrued Expenses - Acc

Note 6 - Accrued Expenses - Accrued expenses (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Accrued professional fees	$ 283,071	$ 276,239
PayOnline accrual		69,039
Accrued interest	89,573	43,021
Accrued bonus	1,516,808	1,318,060
Accrued foreign taxes	863	2,064
Other Accrued Liabilities, Current	230,846	91,921
Total accrued expenses	$ 2,121,161	$ 1,800,344

Note 7 - Notes Payable (Details

Note 7 - Notes Payable (Details Textual) - USD ($)

Aug. 11, 2020

Aug. 01, 2020

May 18, 2020

May 07, 2020

Apr. 28, 2020

Apr. 23, 2020

Mar. 27, 2020

Dec. 19, 2019

May 18, 2017

Jun. 30, 2014

Aug. 03, 2020

Jun. 30, 2020

Dec. 31, 2019

May 02, 2016

Agreement, Maximum Notes Payable to be Paid

$ 10,082,549

$ 9,431,157

Proceeds from Paycheck Protection Program Under CARES Act

$ 491,493

Payments for (Proceeds from) Deposit on Loan

$ 159,899

Esousa Holdings LLC [Member]

Sale of Promissory Note, Percent of Gross Proceeds of Equity Sale Used to Finance Purchase of Note

88.00%

Sale of Promissory Note, Periodic Purchase Amount

$ 148,000

Proceeds from Sale of Notes Payable

$ 143,000

148,000

Esousa Holdings LLC [Member] | Subsequent Event [Member]

Stock Issued During Period, Shares, New Issues (in shares)

66,190

RBL Capital Group, LLC [Member] | Subsequent Event [Member]

Proceeds from Sale of Notes Payable

$ 707,000

Promissory Note Issued to RBL Capital Group [Member]

Agreement, Maximum Notes Payable to be Paid

$ 5,000,000

$ 2,000,000

Promissory Note Issued to RBL Capital Group [Member] | Subsequent Event [Member]

Agreement, Maximum Notes Payable to be Paid

$ 15,000,000

RBL Capital Group, LLC [Member]

Agreement, Maximum Notes Payable to be Paid

$ 9,431,157

$ 9,431,157

RBL Capital Group, LLC [Member] | RBL Loan Agreement [Member]

Debt Instrument, Term (Month)

1 year 180 days

Line of Credit Facility, Maximum Borrowing Capacity

$ 10,000,000

$ 15,000,000

RBL Capital Group, LLC [Member] | RBL Loan Agreement [Member] | Prime Rate [Member]

Debt Instrument, Basis Spread on Variable Rate

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 Term Note [Member]

Proceeds from Lines of Credit, Total

$ 1,000,000

Agreement, Maximum Notes Payable to be Paid

$ 9,431,157

Debt Instrument, Interest Rate, Stated Percentage

14.19%

Debt Instrument, Late Charge if Not Paid Within 10 Days, Percent

5.00%

RBL Capital Group, LLC [Member] | RBL Term Note [Member] | Debt Instrument, Redemption, Period One [Member]

Debt Instrument, Periodic Payment, Interest

$ 117,329

RBL Capital Group, LLC [Member] | RBL Term Note [Member] | Debt Instrument, Redemption, Period Two [Member]

Debt Instrument, Periodic Payment, Interest

111,523

RBL Capital Group, LLC [Member] | RBL Term Note [Member] | Debt Instrument, Redemption, Period Three [Member]

Debt Instrument, Periodic Payment, Total

$ 258,620

Priority Payment Systems LLC [Member]

Proceeds from Issuance of Debt

$ 5,000,000

$ 2,000,000

Priority Payment Systems LLC [Member] | Subsequent Event [Member]

Proceeds from Issuance of Debt

$ 15,000,000

Note 7 - Notes Payable - Notes

Note 7 - Notes Payable - Notes Payable (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Long-term debt, gross	$ 10,082,549	$ 9,431,157
Long-term debt, gross	10,082,549	9,431,157
Less: deferred loan costs	(159,277)	(179,610)
Subtotal	9,923,272	9,251,547
Less: current portion	(936,391)	(909,086)
Long term debt	8,986,881	8,342,461
RBL Capital Group, LLC [Member]
Long-term debt, gross	9,431,157	9,431,157
Long-term debt, gross	9,431,157	9,431,157
SBA Loans [Member]
Long-term debt, gross	159,899
Long-term debt, gross	159,899
Paycheck Protection Program CARES Act [Member]
Long-term debt, gross	491,493
Long-term debt, gross	$ 491,493

Note 7 - Notes Payable - Schedu

Note 7 - Notes Payable - Scheduled Notes Payable Principal Repayment (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
2020 (remainder of year)	$ 936,391
2021	2,353,216
2022	2,470,767
2023	3,418,653
2024	763,380
thereafter	140,141
Balance	$ 10,082,549	$ 9,431,157

Note 8 - Concentrations (Detail

Note 8 - Concentrations (Details Textual) - Revenue Benchmark [Member] - Customer Concentration Risk [Member]	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Number of Major Customers	2	2	2	2
Concentration Risk, Percentage			5.00%
Priority Payment Systems LLC [Member]
Concentration Risk, Percentage	27.00%	46.00%	33.00%	49.00%
BIN and ICA [Member]
Concentration Risk, Percentage	50.00%	38.00%	46.00%	35.00%
First Data Corp [Member]
Concentration Risk, Percentage	10.00%	8.00%	10.00%	7.00%

Note 9 - Commitments and Cont_3

Note 9 - Commitments and Contingencies (Details Textual)

Mar. 01, 2021USD ($)

Jul. 07, 2020USD ($)

Feb. 25, 2020USD ($)shares

Sep. 26, 2019USD ($)ft²

Jun. 01, 2019USD ($)ft²

Mar. 11, 2019USD ($)ft²

Oct. 05, 2017

Aug. 01, 2017USD ($)

May 31, 2013USD ($)ft²

Dec. 31, 2016USD ($)

Jun. 30, 2020USD ($)

Mar. 31, 2018shares

Jul. 18, 2017shares

Aug. 06, 2014shares

Operating Leases, Future Minimum Payments, Remainder of Fiscal Year

$ 122,000

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 (in shares) | shares

125,000

125,000

125,000

Lease Agreement for Office at Florida [Member]

Area of Real Estate Property (Square Foot) | 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 (Year)

5 years

5 years

Lease Agreement for Office at Florida [Member] | Forecast [Member]

Additional Periodic Lease and Rental Expense, Per Month

$ 2,000

Lease Agreement for Office at Florida [Member] | Subsequent Event [Member]

Periodic Lease and Rental Expense, Per Month

$ 11,500

Lease Agreement for Office in Yekaterinburg, Russia [Member]

Area of Real Estate Property (Square Foot) | ft²

1,654

Periodic Lease and Rental Expense, Annual

$ 21,000

Lease Agreement for Office in Moscow Russia [Member]

Area of Real Estate Property (Square Foot) | ft²

1,600

Periodic Lease and Rental Expense, Annual

$ 50,900

Processing Provider 1 [Member]

Minimum Monthly Fees Per Month

$ 150,000

Chief Legal Officer and Corporate Secretary [Member]

Annual Base Salary

$ 250,000

Employment Agreement, Term (Year)

5 years

Employment Agreement, Renewal Term (Year)

1 year

Employment Agreement, Signing Bonus, Shares (in shares) | shares

10,000

Employment Agreement, Bonus Percent

50.00%

Note 9 - Commitments and Cont_4

Note 9 - Commitments and Contingencies - Minimum Lease Payments for North American Transaction Solutions Segment (Details) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
2020 (remainder of year)	$ 86,124
2021	172,248
2022	100,478
Total	358,850
Amount representing imputed interest	(42,732)
Total operating lease liability	316,118
Current portion of operating lease liability	(68,859)	$ (133,727)
Operating lease liability (net of current portion)	$ 247,259	$ 247,259
Remaining term on Lease (Year)	2 years
Incremental borrowing rate	12.00%

Note 10 - Related Party Trans_2

Note 10 - Related Party Transactions (Details Textual) - USD ($)	Aug. 11, 2020	Apr. 28, 2020	Mar. 27, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Aug. 03, 2020	Jul. 01, 2020	Apr. 23, 2020	Dec. 31, 2019
Due to Related Parties, Current, Total				$ 81,591		$ 81,591					$ 126,662
Agreement, Maximum Notes Payable to be Paid				10,082,549		10,082,549					9,431,157
Esousa Holdings LLC [Member]
Sale of Promissory Note, Percent of Gross Proceeds of Equity Sale Used to Finance Purchase of Note			88.00%
Sale of Promissory Note, Periodic Purchase Amount			$ 148,000
Proceeds from Sale of Notes Payable		$ 143,000	148,000
Promissory Note Issued to RBL Capital Group [Member]
Agreement, Maximum Notes Payable to be Paid			$ 2,000,000							$ 5,000,000
Subsequent Event [Member] | Esousa Holdings LLC [Member]
Stock Issued During Period, Shares, New Issues (in shares)	66,190
Subsequent Event [Member] | RBL Capital Group, LLC [Member]
Proceeds from Sale of Notes Payable	$ 707,000
Subsequent Event [Member] | Promissory Note Issued to RBL Capital Group [Member]
Agreement, Maximum Notes Payable to be Paid								$ 15,000,000
Prime Portfolios, LLC [Member]
Payments for Commissions				18,000		58,000	$ 36,000
Key Members of Management Owned Companies [Member]
Payments for Commissions				186,000	$ 195,000	412,000	$ 365,000
Chief Executive Officer [Member]
Due to Related Parties, Current, Total				$ 61,000		$ 61,000					$ 127,000
Chief Executive Officer [Member] | Subsequent Event [Member]
Due to Related Parties, Current, Total									$ 74,000

Note 11 - Stockholders' Equit_2

Note 11 - Stockholders' Equity (Details Textual)	Oct. 23, 2019shares	Nov. 27, 2018shares	Oct. 05, 2017	Oct. 02, 2017shares	Jun. 12, 2015shares	Jun. 30, 2020USD ($)$ / sharesshares	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)$ / sharesshares	Jun. 30, 2019USD ($)	Dec. 31, 2019shares	Jun. 13, 2016shares
Increase (Decrease) in Common Stock Shares Authorized (in shares)				(300,000,000)	100,000,000
Common Stock, Shares Authorized (in shares)				100,000,000	300,000,000	100,000,000		100,000,000		100,000,000	400,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares)						314,218		314,218		314,218
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term (Year)								153 days
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares)						154,005		154,005
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance (in dollars per share) | $ / shares						$ 10.73		$ 10.73
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term (Year)								7 years 211 days		8 years 29 days
Plan 2013 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized (in shares)	177,000	178,900
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)	950,000	773,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)						153,709		153,709		252,436
Plan 2013 [Member] | Board of Directors [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount, Total | $						$ 7,500	$ 15,000	$ 15,000	$ 30,000
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				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Balance	$ 2,834,345	$ 4,040,659	$ 7,462,098	$ 8,596,466	$ 4,040,659	$ 8,596,466
Share based compensation	7,500	45,897	2,005,840	15,006
Net loss	(338,414)	(1,378,026)	(1,577,672)	(1,134,813)	(1,716,441)	(2,712,483)
Comprehensive loss - foreign currency translation	(65,990)	130,813	(5,537)	(14,561)	64,824	(20,099)
Expenses paid in connection with ESOUSA transaction		(5,000)
ESOUSA transaction	151,482
Balance	$ 2,588,922	$ 2,834,345	$ 7,884,729	$ 7,462,098	$ 2,588,922	$ 7,884,729
Common Stock [Member]
Balance (in shares)	4,125,754	4,111,082	3,865,467	3,863,019	4,111,082	3,863,019
Balance	$ 412.13	$ 410.66	$ 386.55	$ 386.30	$ 410.66	$ 386.30
Share based compensation (in shares)	4,054	14,672	319,047	2,448
Share based compensation	$ 0.41	$ 1.47	$ 23.90	$ 0.24
Net loss
Comprehensive loss - foreign currency translation
Expenses paid in connection with ESOUSA transaction
ESOUSA transaction (in shares)	65,862
ESOUSA transaction	$ 6.59
Balance (in shares)	4,195,670	4,125,754	4,184,514	3,865,467	4,195,670	4,184,514
Balance	$ 419.13	$ 412.13	$ 410.45	$ 386.55	$ 419.13	$ 410.45
Additional Paid-in Capital [Member]
Balance	185,337,965	185,297,069	183,261,238	183,246,232	185,297,069	183,246,232
Share based compensation	7,500	45,896	2,005,816	15,006
Net loss
Comprehensive loss - foreign currency translation
Expenses paid in connection with ESOUSA transaction		(5,000)
ESOUSA transaction	151,475
Balance	185,496,940	185,337,965	185,267,054	183,261,238	185,496,940	185,267,054
AOCI Attributable to Parent [Member]
Balance	(2,143,374)	(2,274,187)	(2,246,724)	(2,232,163)	(2,274,187)	(2,232,163)
Share based compensation
Net loss
Comprehensive loss - foreign currency translation	(65,990)	130,813	(5,537)	(14,561)
Expenses paid in connection with ESOUSA transaction
ESOUSA transaction
Balance	(2,209,364)	(2,143,374)	(2,252,261)	(2,246,724)	(2,209,364)	(2,252,261)
Noncontrolling Interest [Member]
Balance	(243,227)	(231,999)	(139,703)	(125,737)	(231,999)	(125,737)
Share based compensation
Net loss	(13,724)	(11,228)	(40,225)	(13,966)
Comprehensive loss - foreign currency translation
Expenses paid in connection with ESOUSA transaction
ESOUSA transaction
Balance	(256,951)	(243,227)	(179,928)	(139,703)	(256,951)	(179,928)
Retained Earnings [Member]
Balance	(180,117,432)	(178,750,634)	(173,413,099)	(172,292,252)	(178,750,634)	(172,292,252)
Share based compensation
Net loss	(324,690)	(1,366,798)	(1,537,447)	(1,120,847)
Comprehensive loss - foreign currency translation
Expenses paid in connection with ESOUSA transaction
ESOUSA transaction
Balance	$ (180,442,122)	$ (180,117,432)	$ (174,950,546)	$ (173,413,099)	$ (180,442,122)	$ (174,950,546)

Note 12 - Warrants and Options

Note 12 - Warrants and Options (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares)	314,218	314,218
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term (Year)	153 days
Non-Incentive Plan Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares)	323,498
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance (in dollars per share)	$ 21.84
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 0
Warrants to Purchase Common Stock [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)	728,583
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)	$ 6.18	$ 6.18
Warrants and Rights Outstanding, Remaining Contractual Term (Year)	2 years 182 days	3 years
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance (in dollars per share)	$ 3.27
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance (in dollars per share)	$ 134

Note 13 - Subsequent Event (Det

Note 13 - Subsequent Event (Details Textual) - USD ($)	Aug. 11, 2020	Apr. 28, 2020	Mar. 27, 2020	Aug. 03, 2020	Jun. 30, 2020	Apr. 23, 2020	Dec. 31, 2019
Agreement, Maximum Notes Payable to be Paid					$ 10,082,549		$ 9,431,157
Esousa Holdings LLC [Member]
Proceeds from Sale of Notes Payable		$ 143,000	$ 148,000
Subsequent Event [Member] | RBL Capital Group, LLC [Member]
Proceeds from Sale of Notes Payable	$ 707,000
Subsequent Event [Member] | Esousa Holdings LLC [Member]
Stock Issued During Period, Shares, New Issues (in shares)	66,190
Subsequent Event [Member] | Mullen [Member]
Receivable with Imputed Interest, Face Amount	$ 500,000
Receivable with Imputed Interest, Effective Yield (Interest Rate)	14.00%
Promissory Note Issued to RBL Capital Group [Member]
Agreement, Maximum Notes Payable to be Paid			$ 2,000,000			$ 5,000,000
Promissory Note Issued to RBL Capital Group [Member] | Subsequent Event [Member]
Agreement, Maximum Notes Payable to be Paid				$ 15,000,000