Net Element, Inc. (CAZA) financial statements (2020 and earlier)

Company profile

Business Address 3363 NE 163RD STREET
NORTH MIAMI BEACH, FL 33160
State of Incorp. DE
Fiscal Year End December 31
SIC 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments021111
Cash and cash equivalents021111
Receivables76575
Other undisclosed current assets22211
Total current assets:9101997
Noncurrent Assets
Operating lease, right-of-use asset0
Property, plant and equipment00000
Intangible assets, net (including goodwill)1315131315
Goodwill89101010
Intangible assets, net (excluding goodwill)66345
Other noncurrent assets11010
Total noncurrent assets:1416131416
TOTAL ASSETS:2326322323
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8910139
Accounts payable66786
Accrued liabilities23463
Deferred revenue1
Debt00211
Due to related parties00 00
Deferred revenue and credits211
Contract with customer, liability1
Other undisclosed current liabilities1    
Total current liabilities:1011151510
Noncurrent Liabilities
Long-term debt and lease obligation96 43
Long-term debt, excluding current maturities86 43
Operating lease, liability0
Other undisclosed noncurrent liabilities  5  
Total noncurrent liabilities:96543
Total liabilities:1917191914
Stockholders' equity
Stockholders' equity attributable to parent491349
Common stock00000
Additional paid in capital185183183164154
Accumulated other comprehensive loss(2)(2)(3)(2)(2)
Accumulated deficit(179)(172)(167)(157)(144)
Stockholders' equity note, subscriptions receivable  (0) 
Stockholders' equity attributable to noncontrolling interest(0)(0)(0)00
Total stockholders' equity:491349
TOTAL LIABILITIES AND EQUITY:2326322323

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues6566605440
Revenue, net605440
Financial services revenue6054 
Cost of revenue(56)(58)(3)(46)(34)
Cost of goods and services sold(55)(56)(3)(46)(34)
Other undisclosed gross profit12 1 
Gross profit:10105896
Operating expenses(71)(70)(69)(63)(51)
Other undisclosed operating income555634634
Operating loss:(6)(4)(9)(9)(11)
Nonoperating income (expense)11(0)(3)(0)
Investment income, nonoperating   (4) 
Other nonoperating income (expense)11(0)0(0)
Interest and debt expense(1)(1)(0)(1)28
Income (loss) from continuing operations before equity method investments, income taxes:(5)(4)(9)(13)17
Other undisclosed income (loss) from continuing operations before income taxes(0)0(1)(1)(30)
Loss before gain (loss) on sale of properties:(5)(4)(10)(14)(13)
Other undisclosed net loss(1)(1)   
Net loss:(7)(5)(10)(14)(13)
Net income attributable to noncontrolling interest00000
Net loss attributable to parent:(6)(5)(10)(13)(13)
Other undisclosed net loss available to common stockholders, basic    (2)
Net loss available to common stockholders, diluted:(6)(5)(10)(13)(15)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(7)(5)(10)(14)(13)
Comprehensive loss:(7)(5)(10)(14)(13)
Comprehensive income, net of tax, attributable to noncontrolling interest00000
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(0)0(0)(1)(2)
Comprehensive loss, net of tax, attributable to parent:(7)(5)(10)(14)(15)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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