Mullen Automotive (MULN) 10-Q 17 May 21 2021 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2021	May 13, 2021
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)		5,199,185
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Mar. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Amendment Flag	false
Title of 12(b) Security	Common Stock, par value $0.0001 per share

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
ASSETS
Cash	$ 4,102,887	$ 4,541,013
Accounts receivable, net	8,918,185	7,109,173
Due from Mullen Technologies, Inc.	1,479,975	480,000
Prepaid expenses and other assets	1,245,783	1,837,972
Total current assets, net	15,746,830	13,968,158
Intangible assets, net	3,078,168	3,595,326
Goodwill	7,681,186	7,681,186
Operating lease right-of-use asset	767,047	801,062
Other long term assets	1,017,401	780,998
Total assets	28,290,632	26,826,730
LIABILITIES AND STOCKHOLDERS' EQUITY
Accounts payable	8,850,045	7,171,376
Accrued expenses	2,836,955	4,604,097
Deferred revenue	1,126,500	1,607,329
Notes payable (current portion)	1,093,288	1,330,018
Operating lease liability (current portion)	107,355	140,973
Due to related party	214,778	216,657
Total current liabilities	14,228,921	15,070,450
Operating lease liability (net of current portion)	660,622	660,621
Notes payable (net of current portion)	8,598,754	8,613,587
Total liabilities	23,488,297	24,344,658
STOCKHOLDERS' EQUITY
Series A Convertible Preferred stock ($.0001 par value, 1,000,000 shares authorized, no shares issued and outstanding at March 31, 2021 and December 31, 2020)
Common stock ($.0001 par value, 100,000,000 shares authorized and 5,198,156 and 4,997,349 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively)	519	499
Paid in capital	191,711,341	189,700,103
Accumulated other comprehensive loss	(2,240,828)	(2,259,410)
Accumulated deficit	(184,387,504)	(184,692,067)
Non-controlling interest	(281,193)	(267,053)
Total stockholders' equity	4,802,335	2,482,072
Total liabilities and stockholders' equity	$ 28,290,632	$ 26,826,730

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parentheticals) - $ / shares	Mar. 31, 2021	Dec. 31, 2020
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)	5,198,156	4,997,349
Common stock, shares outstanding (in shares)	5,198,156	4,997,349

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Net revenues
Total Revenues	$ 23,785,346	$ 15,842,567
Costs and expenses:
Cost of service fees	20,786,445	13,300,805
Selling, general and administrative	1,911,850	2,319,911
Non-cash compensation	11,258	38,400
Bad debt expense	694,678	442,778
Depreciation and amortization	735,678	779,443
Total costs and operating expenses	24,139,909	16,881,337
Loss from operations	(354,563)	(1,038,770)
Interest expense	(356,281)	(348,414)
Gain on disposition	13,500
Other income	987,766	9,740
Net income (loss) from continuing operations before income taxes	290,422	(1,377,444)
Income taxes
Net income (loss) from continuing operations	290,422	(1,377,444)
Net income attributable to the non-controlling interest	14,140	11,228
Net income (loss) attributable to Net Element, Inc. stockholders	304,562	(1,366,216)
Foreign currency translation	18,583	130,813
Comprehensive income (loss) attributable to common stockholders	$ 323,145	$ (1,235,403)
Income (loss) per share - basic and diluted (in dollars per share)	$ 0.05	$ (0.33)
Weighted average number of common shares outstanding - basic and diluted (in shares)	5,970,583	4,117,643
Service Fees [Member]
Net revenues
Total Revenues	$ 23,785,346	$ 15,842,567

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Cash flows from operating activities
Net income (loss) attributable to Net Element, Inc. stockholders	$ 304,562	$ (1,366,216)	$ (5,900,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Non-controlling interest	(14,140)	(11,228)
Share based compensation	11,258	38,400
Deferred revenue	(480,829)	(470,205)
Provision for bad debt	648	485
Depreciation and amortization	735,678	779,443
Non cash interest		12,294
Changes in assets and liabilities:
Accounts receivable	(2,075,791)	2,520,395
Due from Mullen Technologies, Inc.	(999,975)
Prepaid expenses and other assets	(162,100)	364,019
Accounts payable and accrued expenses	425,421	(1,419,019)
Net cash (used in) provided by operating activities	(2,255,268)	448,368
Cash flows from investing activities:
Client acquisition costs	(148,192)	(427,031)
Purchase of equipment and changes in other assets	418,612	6,049
Net cash provided by (used in) investing activities	270,420	(420,982)
Cash flows from financing activities:
Proceeds from SBA Loans
Proceeds from indebtedness	2,000,000	155,206
Repayment of indebtedness	(251,547)	(145,040)
Lease liability	(33,618)	(31,950)
Related party advances	(52,590)	133,743
Net cash provided by financing activities	1,662,245	111,959
Effect of exchange rate changes on cash	(20,120)	5,969
Net (decrease) increase in cash and restricted cash	(342,723)	145,314
Cash and restricted cash at beginning of period	5,322,011	1,116,255	1,116,255
Cash and restricted cash at end of period	4,979,288	1,261,569	$ 5,322,011
Supplemental disclosure of cash flow information
Interest	1,446,640	730,993
Taxes	266,559	120,544
Non Cash activities:
Shares issued for redemption of indebtedness	$ 3,822,290

Note 1 - Basis of Presentation

Note 1 - Basis of Presentation	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Basis of Accounting [Text Block]	NOTE 1. The accompanying March 31, 2021 not 10 December 31, 2020. 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	3 Months Ended
	Mar. 31, 2021
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	3 Months Ended
	Mar. 31, 2021
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 had net income of approximately $305,000 three March 31, 2021 $5.9 December 31, 2020 $184.4 $1.5 March 31, 2021. March 31, 2021 5 Due from Mullen The unprecedented and rapid spread of COVID- 19 two March 2020. December 31, 2020, three March 31, 2021 three March 31, 2020 three December 31, 2020, 19 not 19 During March 2020, 19 14 Subsequent Events no On March 27, 2020, $2,000,000 March 27, 2021, 88% $148,000 On April 23, 2020 August 3, 2020, $2,000,000 $15,000,000 one On March 27, 2020, first $148,000, March 31, 2021 $145,000 first not $148,000 On April 28, 2020, second $143,000, 65,862 $143,000 On August 11, 2020, third $707,000, 66,190 $707,000 On August 21, 2020, fourth $401,000, 45,654 $401,000 On September 25, 2020, fifth $426,000, 50,000 $426,000 On December 30, 2020, sixth $1,960,000, 200,000 $1,960,000 On August 4, 2020, December 29, 2020, March 30, 2021 April 30, 2021 ( On May 14, 2021, 14 Subsequent Events As was contemplated by the Original Merger Agreement, on August 11, 2020, August 11, 2020 ( $500,000. 14% In addition, pursuant to the Original Merger Agreement, the Company, Mullen and Merger Sub agreed that, if the registration statement on Form S- 4 not January 15, 2021, $13,333 5th February 5, 2021 5th 4 May 14, 2021. At March 31, 2021, $1.0 Consummation of the Merger, the Divestiture (as defined below), the Private Placement (as defined below) and the other transactions contemplated in the Restated Merger Agreement, is subject to customary conditions including, among others, the approval of the Company's stockholders. There is no 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	3 Months Ended
	Mar. 31, 2021
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 Commission. 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 $3.1 $3.7 March 31, 2021 December 31, 2020 $33,000 $43,000 March 31, 2021 December 31, 2020 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 March 31, 2021 December 31, 2020 Cash on consolidated balance sheet $ 4,102,887 $ 4,541,013 Restricted cash 876,401 780,998 Total cash and restricted cash $ 4,979,288 $ 5,322,011 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, 2020 three March 31, 2021 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 three March 31, 2021 2020 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 We did not three March 31, 2021 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 6 Client Acquisition Costs Accrued Residual Commissions We record commissions as a cost of revenues in the accompanying consolidated statement of operations and comprehensive loss. We pay agent commissions to ISGs and independent sales agents based on the processing volume of the merchants enrolled. The commission obligations are based on varying percentages of the volume processed by us on behalf of the merchants. Percentages vary based on the program type and transaction volume of each merchant. Fair Value Measurements Our financial instruments consist primarily of cash, accounts receivables, accounts payables, 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 $9.7 $9.9 March 31, 2021 December 31, 2020 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 Income (Loss) per Share Basic net income (loss) per common share is computed by dividing net income (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 2017, 2018 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 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. Adoption of ASU 2016 13, 326 . In June 2016, 2016 13, 326 January 1, 2020. not

Note 5 - Due From Mullen

Note 5 - Due From Mullen	3 Months Ended
	Mar. 31, 2021
Mullen [Member]
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 5. As contemplated by the Merger Agreement referred to in Note 3, August 11, 2020, $500,000 August 11, 2020 ( $500,000. 14% At March 31, 2021, $1.0

Note 6 - Intangible Assets

Note 6 - Intangible Assets	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	NOTE 6. The Company had approximately $3.1 $3.6 March 31, 2021 December 31, 2020 Intangible assets consisted of the following as of March 31, 2021 Cost Accumulated Amortization Carrying Value Amortization Life and Method IP Software $ 2,378,248 $ (2,367,723 ) $ 25,137 3 years - straight-line Portfolios and Client Lists 7,714,665 (7,066,676 ) 647,989 4 years - straight-line Client Acquisition Costs 8,988,102 (6,583,059 ) 2,405,042 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 $ 20,671,410 $ (17,607,854 ) $ 3,078,168 Intangible assets consisted of the following as of December 31, 2020 Cost Accumulated Amortization Carrying Value Amortization Life and Method IP Software $ 2,378,248 $ (2,321,843 ) $ 40,185 3 years - straight-line Portfolios and Client Lists 7,714,665 (6,776,317 ) 938,348 4 years - straight-line Client Acquisition Costs 8,841,617 (6,224,824 ) 2,616,794 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 $ 20,524,925 $ (16,913,379 ) $ 3,595,326 Amortization expense for the intangible assets was approximately $663,000 $680,000 three March 31, 2021 2020 The following table presents the estimated aggregate future amortization expense of intangible assets: 2021 (remainder of year) $ 555,830 2022 741,106 2023 741,106 2024 734,822 2025 305,303 Balance March 31, 2021 $ 3,078,168

Note 7 - Accrued Expenses

Note 7 - Accrued Expenses	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	NOTE 7. At March 31, 2021 December 31, 2020 $2.7 $4.6 not March 31, 2021 December 31, 2020 March 31, 2021 December 31, 2020 Accrued professional fees $ 220,140 $ 268,435 PayOnline accrual - 61,719 Accrued interest 581,042 409,525 Accrued bonus 1,777,430 1,690,556 Accrued foreign taxes (14,084 ) (12,336 ) Other accrued expenses 272,427 2,186,197 Total accrued expenses $ 2,836,955 $ 4,604,097 Included in accrued bonus are non-discretionary compensation due to our Chairman and CEO, which was approximately $1.4 $1.3 March 31, 2021 December 31, 2020 $398,000 $386,000 March 31, 2021 December 31, 2020 Included in other accrued expenses at December 31, 2020 $2.0 sixth December 30, 2020, 200,000 January 2021.

Note 8 - Notes Payable

Note 8 - Notes Payable	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 8. Notes payable consist of the following at March 31, 2021 December 31, 2020: March 31, 2021 December 31, 2020 RBL Capital Group, LLC $ 9,194,427 $ 9,431,157 SBA Loan - EIDL 159,899 159,899 SBA Loan - PPP 491,493 491,493 Subtotal 9,845,819 10,082,549 Less: deferred loan costs (153,777 ) (138,944 ) Subtotal 9,692,042 9,943,605 Less: current portion (1,093,288 ) (1,330,018 ) Long term debt $ 8,598,754 $ 8,613,587 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 June 20, 2020, two 2 $9,431,157, first $4,432,157 14.19%. December 20, 2021, one 1 $67,746, eight 8 $5,540,128. second $5,000,000 14.19%. June 20, 2020, one 1 $59,125 six 6 January 20,2021, twenty 20 $137,109, one 1 $3,290,475.In $894,311. $25,000 February 20, 2021; $25,000 June 20, 2021; $94,311 August 20, 2022; $750,000 September 20, 2022. not not On March 27, 2020, $2,000,000 March 27, 2021, 88% $148,000 On April 23, 2020 August 3, 2020, $2,000,000 $15,000,000 one On March 27, 2020, first $148,000, March 31, 2021 $145,000 first not $148,000 On April 28, 2020, second $143,000, 65,862 $143,000 On August 11, 2020, third $707,000, 66,190 $707,000 On August 21, 2020, fourth $401,000, 45,654 $401,000 On September 25, 2020, fifth $426,000, 50,000 $426,000 On December 30, 2020, sixth $1,960,000, 200,000 with this exchange. Concurrently with this transaction, the Company received an equivalent aggregate amount of $1,960,000 SBA Loans On May 7, 2020, $491,493 May 7, 2022 1% December 7, 2020, 17 two May 7, 2020. may eight first May 9, 2021, On May 18, 2020, $159,899 twelve 3.75% thirty Scheduled notes payable principal repayment at March 31, 2021 2021 (remainder of year) $ 1,093,288 2022 8,574,057 2023 5,514 2024 5,514 thereafter 167,446 Balance March 31, 2021 $ 9,845,819

Note 9 - Concentrations

Note 9 - Concentrations	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Concentration Risk Disclosure [Text Block]	NOTE 9. Our credit card processing revenues are from merchant customer transactions, which were processed primarily by two third 5% three March 31, 2021 2020 During the three March 31, 2021 20% 68% 8% During the three March 31, 2021 37% 43% 10%

Note 10 - Commitments and Conti

Note 10 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 10. 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 March 31, 2021, $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 September 2020, $65,600, 4 #707 $2,954. $65,600 1 $22,700 2 $20,100 December 31, 2020; 3 $22,800 March 31, 2021. On September 26, 2019, 5,875 5 September 23, 2019 September 30, 2024. $16,156 $193,875 one 1 2 $11,500 July 7, 2020, $16,156 January 1, 2021. March 1, 2021, $16,156 $11,500, $2,000 4%. July 2020. 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 March 31, 2021 Total Undiscounted future minimum lease payments: 2021 (remainder of year) $ 172,258 2022 230,660 2023 231,764 2024 222,926 2025 129,250 Total $ 986,858 Amount representing imputed interest (218,882 ) Total operating lease liability 767,977 Current portion of operating lease liability (107,355 ) Operating Lease Liability, non-current $ 660,622 As of March 31, 2021 Remaining term on Leases 4.00 Incremental borrowing rate 12 % As of March 31, 2021 , the future minimum lease payments under other operating leases, not 842, $19,000 for the remainder of the year. 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, August 2020, Gene Zel l 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 Georgia Notes 18, On March 22, 2021, one 18, 2014 August 31, 2021.

Note 11 - Related Party Transac

Note 11 - Related Party Transactions	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	NOTE 11. During the three March 31, 2021 2020 $11,000 $40,000, $346,000 $226,000 three March 31, 2021 2020 At March 31, 2021 December 31, 2020 $209,000 $122,000, On March 27, 2020, $2,000,000 March 27, 2021, 88% $148,000 On March 27, 2020, first $148,000, September 30, 2020 $145,000 first not $148,000 On April 28, 2020, second $143,000, 65,862 $143,000 On August 11, 2020, third $707,000, 66,190 $707,000 On August 21, 2020, fourth $401,000, 45,654 $401,000 On September 25, 2020, fifth $426,000, 50,000 $426,000 On December 30, 2020, sixth $1,960,000, 200,000 $1,960,000

Note 12 - Stockholders' Equity

Note 12 - Stockholders' Equity	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 12. 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 March 31, 2021 2020 Three Months Ended March 31, 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 ) $ (178,750,633 ) $ 4,040,659 Share based compensation 14,672 1.47 45,896 - - - 45,897 Expenses paid in connection with ESOUSA transaction - - (5,000 ) - - - (5,000 ) Net income (loss) - - - - (11,228 ) (1,366,216 ) (1,377,444 ) Comprehensive income - foreign currency translation - - - 130,813 - - 130,813 Balance March 31, 2020 4,125,754 $ 412.13 $ 185,337,965 $ (2,143,374 ) $ (243,227 ) $ (180,116,849 ) $ 2,834,927 Three Months Ended March 31, 2021 Common Stock Paid in Accumulated Other Non-controlling Accumulated Total Shares Amount Capital Comprehensive Loss interest Deficit Stockholder's Equity Balance December 31, 2020 4,997,349 $ 499.28 $ 189,700,103 $ (2,259,410 ) $ (267,053 ) $ (184,692,067 ) $ 2,482,072 Share based compensation 807 0.08 11,258 - - - 11,258 ESOUSA transaction 200,000 20.00 1,999,980 - - - 2,000,000 Net income (loss) - - - - (14,140 ) 304,562 290,422 Comprehensive loss - foreign currency translation - - - 18,583 - - 18,583 Balance March 31, 2021 5,198,156 $ 519.37 $ 191,711,341 $ (2,240,828 ) $ (281,193 ) $ (184,387,504 ) $ 4,802,335 Equity Incentive Plan Activity On December 5, 2013, 2013 “2013 2013 may one 422 1986, may not may not On December 1, 2020, 2013 219,500 1,160,500 2013 The maximum aggregate number of shares of common stock available for award under the 2013 March 31, 2021 December 31, 2020 209,693 210,500, 2013 2013 During the three March 31, 2021 2020 2013 $11,258 $7,500, During the three March 31, 2021 10,000 2013 $31,000. At March 31, 2021 December 31, 2020 200,648 $10.73 March 31, 2021 December 31, 2020 6.83 March 31, 2021 7.07 December 31, 2020. March 31, 2020 December 31, 2020.

Note 13 - Warrants and Options

Note 13 - Warrants and Options	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	NOTE 13. Options At March 31, 2021 December 31, 2020 200,648 $6.29 $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 March 31, 2021 December 31, 2020 404,676 March 31, 2021 $11.12 1.75 December 31, 2020 $6.18 3.00 Non-Incentive Plan Options At March 31, 2021 December 31, 2020 46,643 $21.46 0.20 March 31, 2021 March 31, 2021 December 31, 2020 no

Note 14 - Subsequent Events

Note 14 - Subsequent Events	3 Months Ended
	Mar. 31, 2021
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE 14. On May 14, 2021, On May 12, 2021, ( After Mullen Automotive's completion and delivery to our Company, of the audited financial statements for Mullen Automotive and its subsidiaries and affiliates required to be included in a registration statement, the Company prepared and filed with the Commission a registration statement on Form S- 4 not August 31, 2021, ( not not may may The consummation of the Merger is subject to (i) the Merger and the shares of Company common stock to be issued in connection with the Merger and other transactions contemplated by the Restated Merger Agreement being approved and authorized for the listing on Nasdaq and (ii) the Company's and its subsidiaries aggregate cash and cash equivalents plus amounts lent by the Company to Mullen Automotive pursuant to the Restated Merger Agreement less accounts payable and debt (exclusive of unfunded warrant proceeds) is $10,000,000 $500,000 The parties to the Restated Merger Agreement intend that, prior to the Merger effective time but, subject to and after the Company's stockholders' approval, the Company will divest itself of its existing business operations to another party, and will cause such party to assume all liabilities of the Company directly related to its operations of its existing business immediately prior to the closing of such divestiture (the “Divestiture”). The parties to the Restated Merger Agreement agreed that Mullen Automotive will pay the Late Fee as set forth in the Original Merger Agreement. The Form S- 4 May 14, 2021. Consummation of the Merger, the Divestiture, the Private Placement and the other transactions contemplated in the Restated Merger Agreement, is subject to customary conditions including, among others, the approval of the Company's stockholders. There is no

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2021
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 Commission.
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 $3.1 $3.7 March 31, 2021 December 31, 2020 $33,000 $43,000 March 31, 2021 December 31, 2020
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 March 31, 2021 December 31, 2020 Cash on consolidated balance sheet $ 4,102,887 $ 4,541,013 Restricted cash 876,401 780,998 Total cash and restricted cash $ 4,979,288 $ 5,322,011
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
Other Current Assets, Policy [Policy Text Block]	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
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, 2020 three March 31, 2021 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 three March 31, 2021 2020
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 We did not three March 31, 2021 2020. 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 6 Client Acquisition Costs
Accrued Residual Commissions, Policy [Policy Text Block]	Accrued Residual Commissions We record commissions as a cost of revenues in the accompanying consolidated statement of operations and comprehensive loss. We pay agent commissions to ISGs and independent sales agents based on the processing volume of the merchants enrolled. The commission obligations are based on varying percentages of the volume processed by us on behalf of the merchants. Percentages vary based on the program type and transaction volume of each merchant.
Fair Value of Financial Instruments, Policy [Policy Text Block]	Fair Value Measurements Our financial instruments consist primarily of cash, accounts receivables, accounts payables, 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 $9.7 $9.9 March 31, 2021 December 31, 2020 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 Income (Loss) per Share Basic net income (loss) per common share is computed by dividing net income (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 2017, 2018 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
Share-based Payment Arrangement [Policy Text Block]	Equity-based Compensation We account for grants of equity awards to employees in accordance with ASC 718, Compensation Stock Compensation
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, 842 842 no January 1, 2019. January 1, 2019 842, not 840. 842. Adoption of ASU 2016 13, 326 . In June 2016, 2016 13, 326 January 1, 2020. not

Note 4 - Summary of Significa_2

Note 4 - Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Restrictions on Cash and Cash Equivalents [Table Text Block]	March 31, 2021 December 31, 2020 Cash on consolidated balance sheet $ 4,102,887 $ 4,541,013 Restricted cash 876,401 780,998 Total cash and restricted cash $ 4,979,288 $ 5,322,011

Note 6 - Intangible Assets (Tab

Note 6 - Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2021
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 $ (2,367,723 ) $ 25,137 3 years - straight-line Portfolios and Client Lists 7,714,665 (7,066,676 ) 647,989 4 years - straight-line Client Acquisition Costs 8,988,102 (6,583,059 ) 2,405,042 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 $ 20,671,410 $ (17,607,854 ) $ 3,078,168 Cost Accumulated Amortization Carrying Value Amortization Life and Method IP Software $ 2,378,248 $ (2,321,843 ) $ 40,185 3 years - straight-line Portfolios and Client Lists 7,714,665 (6,776,317 ) 938,348 4 years - straight-line Client Acquisition Costs 8,841,617 (6,224,824 ) 2,616,794 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 $ 20,524,925 $ (16,913,379 ) $ 3,595,326
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	2021 (remainder of year) $ 555,830 2022 741,106 2023 741,106 2024 734,822 2025 305,303 Balance March 31, 2021 $ 3,078,168

Note 7 - Accrued Expenses (Tabl

Note 7 - Accrued Expenses (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Accounts Payable and Accrued Liabilities [Table Text Block]	March 31, 2021 December 31, 2020 Accrued professional fees $ 220,140 $ 268,435 PayOnline accrual - 61,719 Accrued interest 581,042 409,525 Accrued bonus 1,777,430 1,690,556 Accrued foreign taxes (14,084 ) (12,336 ) Other accrued expenses 272,427 2,186,197 Total accrued expenses $ 2,836,955 $ 4,604,097

Note 8 - Notes Payable (Tables)

Note 8 - Notes Payable (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Long-term Debt Instruments [Table Text Block]	March 31, 2021 December 31, 2020 RBL Capital Group, LLC $ 9,194,427 $ 9,431,157 SBA Loan - EIDL 159,899 159,899 SBA Loan - PPP 491,493 491,493 Subtotal 9,845,819 10,082,549 Less: deferred loan costs (153,777 ) (138,944 ) Subtotal 9,692,042 9,943,605 Less: current portion (1,093,288 ) (1,330,018 ) Long term debt $ 8,598,754 $ 8,613,587
Schedule of Maturities of Long-term Debt [Table Text Block]	2021 (remainder of year) $ 1,093,288 2022 8,574,057 2023 5,514 2024 5,514 thereafter 167,446 Balance March 31, 2021 $ 9,845,819

Note 10 - Commitments and Con_2

Note 10 - Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Total Undiscounted future minimum lease payments: 2021 (remainder of year) $ 172,258 2022 230,660 2023 231,764 2024 222,926 2025 129,250 Total $ 986,858 Amount representing imputed interest (218,882 ) Total operating lease liability 767,977 Current portion of operating lease liability (107,355 ) Operating Lease Liability, non-current $ 660,622 As of March 31, 2021 Remaining term on Leases 4.00 Incremental borrowing rate 12 %

Note 12 - Stockholders' Equity

Note 12 - Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2021
Notes Tables
Schedule of Stockholders Equity [Table Text Block]	Three Months Ended March 31, 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 ) $ (178,750,633 ) $ 4,040,659 Share based compensation 14,672 1.47 45,896 - - - 45,897 Expenses paid in connection with ESOUSA transaction - - (5,000 ) - - - (5,000 ) Net income (loss) - - - - (11,228 ) (1,366,216 ) (1,377,444 ) Comprehensive income - foreign currency translation - - - 130,813 - - 130,813 Balance March 31, 2020 4,125,754 $ 412.13 $ 185,337,965 $ (2,143,374 ) $ (243,227 ) $ (180,116,849 ) $ 2,834,927 Three Months Ended March 31, 2021 Common Stock Paid in Accumulated Other Non-controlling Accumulated Total Shares Amount Capital Comprehensive Loss interest Deficit Stockholder's Equity Balance December 31, 2020 4,997,349 $ 499.28 $ 189,700,103 $ (2,259,410 ) $ (267,053 ) $ (184,692,067 ) $ 2,482,072 Share based compensation 807 0.08 11,258 - - - 11,258 ESOUSA transaction 200,000 20.00 1,999,980 - - - 2,000,000 Net income (loss) - - - - (14,140 ) 304,562 290,422 Comprehensive loss - foreign currency translation - - - 18,583 - - 18,583 Balance March 31, 2021 5,198,156 $ 519.37 $ 191,711,341 $ (2,240,828 ) $ (281,193 ) $ (184,387,504 ) $ 4,802,335

Note 2 - Organization and Ope_2

Note 2 - Organization and Operations (Details Textual)	3 Months Ended
	Mar. 31, 2021
Number of Reportable Segments	2

Note 3 - Liquidity and Going _2

Note 3 - Liquidity and Going Concern Considerations (Details Textual) - USD ($)	Jan. 15, 2021	Dec. 30, 2020	Sep. 25, 2020	Aug. 21, 2020	Aug. 11, 2020	Apr. 28, 2020	Mar. 27, 2020	Jan. 31, 2021	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Sep. 30, 2020	Aug. 03, 2020
Net Income (Loss) Attributable to Parent, Total									$ 304,562	$ (1,366,216)	$ (5,900,000)
Retained Earnings (Accumulated Deficit), Ending Balance									(184,387,504)		(184,692,067)
Working Capital									1,500,000
Long-term Debt, Gross									9,845,819		10,082,549
Sale of Promissory Note, Periodic Purchase Amount							$ 148,000
Other Accrued Liabilities, Current									272,427		2,186,197
Tranche from ESOUSA Agreement [Member]
Other Accrued Liabilities, Current									145,000			$ 145,000
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
Stock Issued During Period, Shares, New Issues (in shares)			50,000	45,654	66,190	65,862		200,000
RBL Capital Group, LLC [Member]
Proceeds from Sale of Notes Payable		$ 1,960,000	$ 426,000	$ 401,000	$ 707,000	$ 143,000	148,000
Stock Issued During Period, Shares, New Issues (in shares)		200,000
Receivable with Imputed Interest, Face Amount					$ 500,000
Receivable with Imputed Interest, Effective Yield (Interest Rate)					14.00%
RBL Capital Group, LLC [Member] | Tranche from ESOUSA Agreement [Member]
Other Accrued Liabilities, Current											$ 2,000,000
Mullen [Member]
Receivable with Imputed Interest, Face Amount					$ 500,000
Receivable with Imputed Interest, Effective Yield (Interest Rate)					14.00%
Registration Filing, Late Fee Per Day	$ 13,333
Registration Filing, Late Fees Owed	$ 1,000,000								$ 1,000,000
Promissory Note Issued to RBL Capital Group [Member]
Long-term Debt, Gross							$ 2,000,000						$ 15,000,000

Note 4 - Summary of Significa_3

Note 4 - Summary of Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended		12 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Cash, Uninsured Amount	$ 3,100,000		$ 3,700,000
Impairment of Intangible Assets, Finite-lived	0	$ 0
Goodwill, Impairment Loss	0	$ 0
Long-term Debt, Total	$ 9,692,042		$ 9,943,605
Open Tax Year	2017 2018 2019
Client Acquisition Costs [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	4 years		4 years
Weighted Average [Member]
Merchant Contracts, Term (Year)	3 years
Russia and Cayman Islands [Member]
Cash, Uninsured Amount	$ 33,000		$ 43,000

Note 4 - Summary of Significa_4

Note 4 - Summary of Significant Accounting Policies - Restricted Cash (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Cash on consolidated balance sheet	$ 4,102,887	$ 4,541,013
Restricted cash	876,401	780,998
Total cash and restricted cash	$ 4,979,288	$ 5,322,011

Note 5 - Due From Mullen (Detai

Note 5 - Due From Mullen (Details Textual) - USD ($)	Aug. 11, 2020	Mar. 31, 2021	Jan. 15, 2021
RBL Capital Group, LLC [Member]
Proceeds from Notes Payable, Total	$ 500,000
Receivable with Imputed Interest, Face Amount	$ 500,000
Receivable with Imputed Interest, Effective Yield (Interest Rate)	14.00%
Mullen [Member]
Receivable with Imputed Interest, Face Amount	$ 500,000
Receivable with Imputed Interest, Effective Yield (Interest Rate)	14.00%
Registration Filing, Late Fees Owed		$ 1,000,000	$ 1,000,000

Note 6 - Intangible Assets (Det

Note 6 - Intangible Assets (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Finite-Lived Intangible Assets, Net, Ending Balance	$ 3,078,168		$ 3,595,326
Amortization of Intangible Assets, Total	$ 663,000	$ 680,000

Note 6 - Intangible Assets - In

Note 6 - Intangible Assets - Intangible Assets (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Intangible assets, cost	$ 20,671,410	$ 20,524,925
Intangible assets, accumulated amortization	(17,607,854)	(16,913,379)
Intangible assets, carrying value	3,078,168	3,595,326
Computer Software, Intangible Asset [Member]
Intangible assets, cost	2,378,248	2,378,248
Intangible assets, accumulated amortization	(2,367,723)	(2,321,843)
Intangible assets, carrying value	$ 25,137	$ 40,185
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	(7,066,676)	(6,776,317)
Intangible assets, carrying value	$ 647,989	$ 938,348
Intangible assets, useful life (Year)	4 years	4 years
Client Acquisition Costs [Member]
Intangible assets, cost	$ 8,988,102	$ 8,841,617
Intangible assets, accumulated amortization	(6,583,059)	(6,224,824)
Intangible assets, carrying value	$ 2,405,042	$ 2,616,794
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 6 - Intangible Assets - Es

Note 6 - Intangible Assets - Estimated Aggregate Future Amortization Expense (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
2021 (remainder of year)	$ 555,830
2022	741,106
2023	741,106
2024	734,822
2025	305,303
Balance	$ 3,078,168	$ 3,595,326

Note 7 - Accrued Expenses (Deta

Note 7 - Accrued Expenses (Details Textual) - USD ($)	Dec. 30, 2020	Sep. 25, 2020	Aug. 21, 2020	Aug. 11, 2020	Apr. 28, 2020	Jan. 31, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020
Accrued Liabilities, Current, Total							$ 2,836,955	$ 4,604,097
Other Accrued Liabilities, Current							272,427	2,186,197
RBL Capital Group, LLC [Member]
Stock Issued During Period, Shares, New Issues (in shares)	200,000
Esousa Holdings LLC [Member]
Stock Issued During Period, Shares, New Issues (in shares)		50,000	45,654	66,190	65,862	200,000
Tranche from ESOUSA Agreement [Member]
Other Accrued Liabilities, Current							145,000		$ 145,000
Tranche from ESOUSA Agreement [Member] | RBL Capital Group, LLC [Member]
Other Accrued Liabilities, Current								2,000,000
Chief Executive Officer [Member]
Accrued Bonuses							1,400,000	1,300,000
Employees [Member]
Accrued Bonuses							$ 398,000	$ 386,000

Note 7 - Accrued Expenses - Acc

Note 7 - Accrued Expenses - Accrued expenses (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Accrued professional fees	$ 220,140	$ 268,435
PayOnline accrual		61,719
Accrued interest	581,042	409,525
Accrued bonus	1,777,430	1,690,556
Accrued foreign taxes	(14,084)	(12,336)
Other Accrued Liabilities, Current	272,427	2,186,197
Total accrued expenses	$ 2,836,955	$ 4,604,097

Note 8 - Notes Payable (Details

Note 8 - Notes Payable (Details Textual) - USD ($)	Sep. 20, 2022	Aug. 20, 2022	Jun. 20, 2021	Feb. 20, 2021	Dec. 30, 2020	Sep. 25, 2020	Aug. 21, 2020	Aug. 11, 2020	Aug. 03, 2020	Jun. 20, 2020	May 18, 2020	May 07, 2020	Apr. 28, 2020	Mar. 27, 2020	Dec. 19, 2019	Jun. 30, 2014	Jan. 31, 2021	Mar. 31, 2021	Dec. 31, 2020	Sep. 30, 2020	May 02, 2016
Long-term Debt, Gross																		$ 9,845,819	$ 10,082,549
Sale of Promissory Note, Periodic Purchase Amount														$ 148,000
Other Accrued Liabilities, Current																		272,427	2,186,197
Proceeds from Paycheck Protection Program Under CARES Act												$ 491,493
Payments for (Proceeds from) Deposit on Loan											$ 159,899
Tranche from ESOUSA Agreement [Member]
Other Accrued Liabilities, Current																		145,000		$ 145,000
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
Stock Issued During Period, Shares, New Issues (in shares)						50,000	45,654	66,190					65,862				200,000
RBL Capital Group, LLC [Member]
Proceeds from Sale of Notes Payable					$ 1,960,000	$ 426,000	$ 401,000	$ 707,000					$ 143,000	148,000
Stock Issued During Period, Shares, New Issues (in shares)					200,000
RBL Capital Group, LLC [Member] | Tranche from ESOUSA Agreement [Member]
Other Accrued Liabilities, Current																			2,000,000
Promissory Note Issued to RBL Capital Group [Member]
Long-term Debt, Gross									$ 15,000,000					2,000,000
Proceeds from Issuance of Debt														$ 2,000,000
RBL Capital Group, LLC [Member]
Long-term Debt, Gross																		$ 9,194,427	$ 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]
Debt Instrument, Term (Month)										1 year 240 days
Proceeds from Lines of Credit, Total															$ 1,000,000
Long-term Debt, Gross										$ 9,431,157					$ 9,431,157
Debt Instrument, Interest Rate, Stated Percentage															14.19%
Debt Instrument, Periodic Payment, Total										137,109
Debt Instrument, Late Charge if Not Paid Within 10 Days, Percent															5.00%
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid										3,290,475
Debt Issuance Costs, Gross										894,311
Payments of Debt Issuance Costs				$ 25,000
RBL Capital Group, LLC [Member] | RBL Term Note [Member] | Forecast [Member]
Payments of Debt Issuance Costs	$ 750,000	$ 94,311	$ 25,000
RBL Capital Group, LLC [Member] | RBL Term Note [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument, Periodic Payment, Interest										67,746					$ 117,329
RBL Capital Group, LLC [Member] | RBL Term Note [Member] | Debt Instrument, Redemption, Period Two [Member]
Debt Instrument, Periodic Payment, Interest															111,523
Debt Instrument, Periodic Payment, Total										$ 5,540,128
RBL Capital Group, LLC [Member] | RBL Term Note [Member] | Debt Instrument, Redemption, Period Three [Member]
Debt Instrument, Periodic Payment, Total															$ 258,620
RBL Capital Group, LLC [Member] | RBL Term Note, One [Member]
Debt Instrument, Interest Rate, Stated Percentage										14.19%
Debt Instrument, Face Amount										$ 4,432,157
RBL Capital Group, LLC [Member] | RBL Term Note, Two [Member]
Debt Instrument, Interest Rate, Stated Percentage										14.19%
Debt Instrument, Periodic Payment, Interest										$ 59,125
Debt Instrument, Face Amount										$ 5,000,000
Priority Payment Systems LLC [Member]
Proceeds from Issuance of Debt									$ 15,000,000

Note 8 - Notes Payable - Notes

Note 8 - Notes Payable - Notes Payable (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Long-term debt, gross	$ 9,845,819	$ 10,082,549
Less: deferred loan costs	(153,777)	(138,944)
Subtotal	9,692,042	9,943,605
Less: current portion	(1,093,288)	(1,330,018)
Long term debt	8,598,754	8,613,587
RBL Capital Group, LLC [Member]
Long-term debt, gross	9,194,427	9,431,157
SBA Loans [Member]
Long-term debt, gross	159,899	159,899
Paycheck Protection Program CARES Act [Member]
Long-term debt, gross	$ 491,493	$ 491,493

Note 8 - Notes Payable - Schedu

Note 8 - Notes Payable - Scheduled Notes Payable Principal Repayment (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
2021 (remainder of year)	$ 1,093,288
2022	8,574,057
2023	5,514
2024	5,514
thereafter	167,446
Balance	$ 9,845,819	$ 10,082,549

Note 9 - Concentrations (Detail

Note 9 - Concentrations (Details Textual) - Revenue Benchmark [Member] - Customer Concentration Risk [Member]	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Number of Major Customers	2	2
Concentration Risk, Percentage	5.00%	5.00%
Priority Payment Systems LLC [Member]
Concentration Risk, Percentage	20.00%	37.00%
BIN and ICA [Member]
Concentration Risk, Percentage	68.00%	43.00%
First Data Corp [Member]
Concentration Risk, Percentage	8.00%	10.00%

Note 10 - Commitments and Con_3

Note 10 - Commitments and Contingencies (Details Textual)

Mar. 01, 2021USD ($)

Jan. 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 25, 2016

Sep. 30, 2020USD ($)

May 31, 2013USD ($)ft²

Dec. 31, 2016USD ($)

Mar. 31, 2021USD ($)

Mar. 31, 2018shares

Jul. 18, 2017shares

Aug. 06, 2014shares

Lessee, Operating Lease, Liability, to be Paid, Total

$ 986,858

Lessee, Operating Lease, Liability, to be Paid, Remainder of Fiscal Year

172,258

Operating Leases, Future Minimum Payments, Remainder of Fiscal Year

19,000

Reverse Stock Split [Member]

Stockholders' Equity Note, Stock Split, Conversion Ratio

10

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

$ 11,500

$ 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

4 years

Lessee, Operating Lease, Liability, to be Paid, Total

$ 65,600

Lessee, Operating Lease, Monthly Rent

2,954

Lessee, Operating Lease, Liability, to be Paid, Upon Modification

22,700

Lessee, Operating Lease, Liability, to be Paid, Remainder of Fiscal Year

20,100

Lessee, Operating Lease, Liability, to be Paid, First Quarter Year One

$ 22,800

Additional Periodic Lease and Rental Expense, Per Month

$ 2,000

Operating Lease, Deferred Rent, Interest Rate

4.00%

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 10 - Commitments and Con_4

Note 10 - Commitments and Contingencies - Minimum Lease Payments for North American Transaction Solutions Segment (Details) - USD ($)	Mar. 31, 2021	Dec. 31, 2020
Lessee, Operating Lease, Liability, to be Paid, Remainder of Fiscal Year	$ 172,258
2022	230,660
2023	231,764
2024	222,926
2025	129,250
Total	986,858
Amount representing imputed interest	(218,882)
Total operating lease liability	767,977
Current portion of operating lease liability	(107,355)	$ (140,973)
Operating lease liability (net of current portion)	$ 660,622	$ 660,621
Remaining term on Leases (Year)	4 years
Incremental borrowing rate	12.00%

Note 11 - Related Party Trans_2

Note 11 - Related Party Transactions (Details Textual) - USD ($)	Dec. 30, 2020	Sep. 25, 2020	Aug. 21, 2020	Aug. 11, 2020	Apr. 28, 2020	Mar. 27, 2020	Jan. 31, 2021	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	Sep. 30, 2020	Aug. 03, 2020
Due to Related Parties, Current, Total								$ 214,778		$ 216,657
Long-term Debt, Gross								9,845,819		10,082,549
Sale of Promissory Note, Periodic Purchase Amount						$ 148,000
Other Accrued Liabilities, Current								272,427		2,186,197
Tranche from ESOUSA Agreement [Member]
Other Accrued Liabilities, Current								145,000			$ 145,000
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
Stock Issued During Period, Shares, New Issues (in shares)		50,000	45,654	66,190	65,862		200,000
RBL Capital Group, LLC [Member]
Proceeds from Sale of Notes Payable	$ 1,960,000	$ 426,000	$ 401,000	$ 707,000	$ 143,000	148,000
Stock Issued During Period, Shares, New Issues (in shares)	200,000
RBL Capital Group, LLC [Member] | Tranche from ESOUSA Agreement [Member]
Other Accrued Liabilities, Current										2,000,000
Promissory Note Issued to RBL Capital Group [Member]
Long-term Debt, Gross						$ 2,000,000						$ 15,000,000
Prime Portfolios, LLC [Member]
Payments for Commissions								11,000	$ 40,000
Key Members of Management Owned Companies [Member]
Payments for Commissions								346,000	$ 226,000
Chief Executive Officer [Member]
Due to Related Parties, Current, Total								$ 209,000		$ 122,000

Note 12 - Stockholders' Equit_2

Note 12 - Stockholders' Equity (Details Textual)	Dec. 01, 2020shares	Oct. 05, 2017	Oct. 02, 2017shares	May 25, 2016	Jun. 12, 2015shares	Mar. 31, 2021USD ($)$ / sharesshares	Mar. 31, 2020USD ($)	Dec. 31, 2020$ / sharesshares	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	400,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance (in dollars per share) | $ / shares						$ 200,648		$ 200,648
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares)						200,648		200,648
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)						6 years 302 days		7 years 25 days
Plan 2013 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Additional Shares Authorized (in shares)	219,500
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)	1,160,500
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)						209,693		210,500
Plan 2013 [Member] | Board of Directors [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount, Total | $						$ 11,258	$ 7,500
Plan 2013 [Member] | Chief Legal Officer [Member]
Shares Issued, Shares, Share-based Payment Arrangement, before Forfeiture (in shares)						10,000
Share-based Payment Arrangement, Expense | $						$ 31,000
Reverse Stock Split [Member]
Stockholders' Equity Note, Stock Split, Conversion Ratio		10		10

Note 12 - Stockholders' Equit_3

Note 12 - Stockholders' Equity - Change in Stockholders' Equity (Details) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Balance	$ 2,482,072	$ 4,040,659
Share based compensation	11,258	45,897
Expenses paid in connection with ESOUSA transaction		(5,000)
Net income (loss)	290,422	(1,377,444)
Comprehensive income (loss) - foreign currency translation	18,583	130,813
ESOUSA transaction	2,000,000
Balance	$ 4,802,335	$ 2,834,927
Common Stock [Member]
Balance (in shares)	4,997,349	4,111,082
Balance	$ 499.28	$ 410.66
Share based compensation (in shares)	807	14,672
Share based compensation	$ 0.08	$ 1.47
Expenses paid in connection with ESOUSA transaction
Net income (loss)
Comprehensive income (loss) - foreign currency translation
ESOUSA transaction (in shares)	200,000
ESOUSA transaction	$ 20
Balance (in shares)	5,198,156	4,125,754
Balance	$ 519.37	$ 412.13
Additional Paid-in Capital [Member]
Balance	189,700,103	185,297,069
Share based compensation	11,258	45,896
Expenses paid in connection with ESOUSA transaction		(5,000)
Net income (loss)
Comprehensive income (loss) - foreign currency translation
ESOUSA transaction	1,999,980
Balance	191,711,341	185,337,965
AOCI Attributable to Parent [Member]
Balance	(2,259,410)	(2,274,187)
Share based compensation
Expenses paid in connection with ESOUSA transaction
Net income (loss)
Comprehensive income (loss) - foreign currency translation	18,583	130,813
ESOUSA transaction
Balance	(2,240,828)	(2,143,374)
Noncontrolling Interest [Member]
Balance	(267,053)	(231,999)
Share based compensation
Expenses paid in connection with ESOUSA transaction
Net income (loss)	(14,140)	(11,228)
Comprehensive income (loss) - foreign currency translation
ESOUSA transaction
Balance	(281,193)	(243,227)
Retained Earnings [Member]
Balance	(184,692,067)	(178,750,633)
Share based compensation
Expenses paid in connection with ESOUSA transaction
Net income (loss)	304,562	(1,366,216)
Comprehensive income (loss) - foreign currency translation
ESOUSA transaction
Balance	$ (184,387,504)	$ (180,116,849)

Note 13 - Warrants and Options

Note 13 - Warrants and Options (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance (in dollars per share)	$ 200,648	$ 200,648
Non-Incentive Plan Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance (in dollars per share)	$ 21.46	$ 21.46
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance (in shares)	46,643	46,643
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term (Year)	73 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 (in shares)	404,676	404,676
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)	$ 11.12	$ 6.18
Warrants and Rights Outstanding, Remaining Contractual Term (Year)	1 year 273 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)	$ 6.29	$ 6.29
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance (in dollars per share)	$ 134	$ 134

Note 14 - Subsequent Events (De

Note 14 - Subsequent Events (Details Textual) - Mullen [Member] - USD ($)	May 12, 2021	Aug. 11, 2020
Receivable with Imputed Interest, Face Amount		$ 500,000
Subsequent Event [Member]
Merger Agreement, Required Aggregate Cash and Cash Equivalents Less Payable and Debt	$ 10,000,000