$MULN
MULLEN AUTOMOTIVE INC. Stock $muln

$muln Overview Financials Valuation SEC Filings Company Website

2013 Q2 Form 10-Q Financial Statement

#000114420413029613 Filed on May 15, 2013

Income Statement

Concept	2013 Q2	2013 Q1	2012 Q4
Revenue	$5.608M	$868.2K	$1.160M
YoY Change	14727.88%	1060.47%
Cost Of Revenue	$4.134M	$275.5K	$770.0K
YoY Change	4027.6%	173.94%
Gross Profit	$1.474M	$592.6K	$400.0K
YoY Change	-2464.05%	-2399.14%
Gross Profit Margin	26.28%	68.26%	34.48%
Selling, General & Admin	$9.280M	$3.190M	$6.720M
YoY Change	800.97%	-16.49%	-800.0%
% of Gross Profit	629.73%	538.3%	1680.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$617.0K	$35.71K	$140.0K
YoY Change	415.52%	-47.99%	-54.84%
% of Gross Profit	41.87%	6.03%	35.0%
Operating Expenses	$25.23M	$3.497M	$6.850M
YoY Change	847.36%	-16.49%	1422.22%
Operating Profit	-$19.62M	-$2.629M	-$6.450M
YoY Change	647.42%	-36.08%
Interest Expense	$872.5K	-$250.6K	$60.00K
YoY Change	1116.39%	244.79%
% of Operating Profit
Other Income/Expense, Net	-$3.941K	-$80.54K	$460.0K
YoY Change		-80.41%
Pretax Income	-$20.55M	-$2.863M	-$5.940M
YoY Change	661.88%	-37.71%	1220.0%
Income Tax	$0.00	$0.00	$160.0K
% Of Pretax Income
Net Earnings	-$20.23M	-$3.234M	-$7.480M
YoY Change	686.23%	-28.52%	1562.22%
Net Earnings / Revenue	-360.79%	-372.5%	-644.83%
Basic Earnings Per Share
Diluted Earnings Per Share	-$15.98K	-$2.282K	-$4.850K
COMMON SHARES
Basic Shares Outstanding	28.14M shares		28.34M
Diluted Shares Outstanding

Balance Sheet

Concept	2013 Q2	2013 Q1	2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$2.000M	$2.000M	$3.500M
YoY Change			3400.0%
Cash & Equivalents	$2.012M	$2.030M	$3.547M
Short-Term Investments
Other Short-Term Assets	$500.0K	$8.300M	$7.500M
YoY Change	-98.92%	-82.03%	2400.0%
Inventory
Prepaid Expenses
Receivables	$8.221M	$11.91M	$10.86M
Other Receivables	$200.0K	$8.100M	$4.800M
Total Short-Term Assets	$10.96M	$22.84M	$28.01M
YoY Change	-76.27%	-50.56%	6761.16%
LONG-TERM ASSETS
Property, Plant & Equipment	$270.4K	$245.6K	$261.8K
YoY Change			14.3%
Goodwill	$17.00M		$0.00
YoY Change			-100.0%
Intangibles	$5.417M	$211.9K	$111.7K
YoY Change			-81.66%
Long-Term Investments			$0.00
YoY Change
Other Assets		$500.0K
YoY Change
Total Long-Term Assets	$12.90M	$961.3K	$373.4K
YoY Change	267405.58%		-70.36%
TOTAL ASSETS
Total Short-Term Assets	$10.96M	$22.84M	$28.01M
Total Long-Term Assets	$12.90M	$961.3K	$373.4K
Total Assets	$23.86M	$23.80M	$28.38M
YoY Change	-48.36%	-48.48%	1601.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.488M	$666.4K	$498.4K
YoY Change	1008.66%	11.07%	108.58%
Accrued Expenses	$3.616M	$934.1K	$910.0K
YoY Change			2.89%
Deferred Revenue
YoY Change
Short-Term Debt	$2.568M	$8.513M	$9.400M
YoY Change
Long-Term Debt Due	-$1.656M		$0.00
YoY Change
Total Short-Term Liabilities	$10.42M	$10.44M	$11.23M
YoY Change	1057.79%	1639.64%	288.45%
LONG-TERM LIABILITIES
Long-Term Debt	$20.41M	$0.00	$0.00
YoY Change
Other Long-Term Liabilities	$200.0K	$100.0K	$100.0K
YoY Change			-97.5%
Total Long-Term Liabilities	$20.41M	$100.0K	$100.0K
YoY Change			-97.5%
TOTAL LIABILITIES
Total Short-Term Liabilities	$10.42M	$10.44M	$11.23M
Total Long-Term Liabilities	$20.41M	$100.0K	$100.0K
Total Liabilities	$31.03M	$10.50M	$11.37M
YoY Change	3326.12%	1649.76%	64.98%
SHAREHOLDERS EQUITY
Retained Earnings	-$110.3M	-$73.45M	-$70.62M
YoY Change			37.73%
Common Stock	$105.4M	$86.98M	$87.45M
YoY Change	30544488.12%		77.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$4.200M	$13.80M	$17.10M
YoY Change
Total Liabilities & Shareholders Equity	$23.86M	$23.80M	$28.38M
YoY Change	-48.36%	-48.48%	1601.13%

Cashflow Statement

Concept	2013 Q2	2013 Q1	2012 Q4
OPERATING ACTIVITIES
Net Income	-$20.23M	-$3.234M	-$7.480M
YoY Change	686.23%	-28.52%	1562.22%
Depreciation, Depletion And Amortization	$617.0K	$35.71K	$140.0K
YoY Change	415.52%	-47.99%	-54.84%
Cash From Operating Activities	$3.160M	-$7.212M	-$16.05M
YoY Change	-300.0%	463.44%	221.0%
INVESTING ACTIVITIES
Capital Expenditures	$20.00K	$0.00	$170.0K
YoY Change	-84.62%	-100.0%	-78.21%
Acquisitions
YoY Change
Other Investing Activities	-$590.0K	$0.00	-$6.980M
YoY Change			8625.0%
Cash From Investing Activities	-$610.0K	$5.080M	-$7.150M
YoY Change	369.23%	-2773.74%	721.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$472.7K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-2.390M	$607.9K	23.81M
YoY Change	-191.22%	-69.91%	576.42%
NET CHANGE
Cash From Operating Activities	3.160M	-$7.212M	-16.05M
Cash From Investing Activities	-610.0K	$5.080M	-7.150M
Cash From Financing Activities	-2.390M	$607.9K	23.81M
Net Change In Cash	160.0K	-$1.524M	610.0K
YoY Change	-82.42%	-377.1%	-125.96%
FREE CASH FLOW
Cash From Operating Activities	$3.160M	-$7.212M	-$16.05M
Capital Expenditures	$20.00K	$0.00	$170.0K
Free Cash Flow	$3.140M	-$7.212M	-$16.22M
YoY Change	-283.63%	453.97%	180.62%

Facts In Submission

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CY2013Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2013
CY2013Q1	dei	Document Period End Date DocumentPeriodEndDate	2013-03-31
CY2013Q1	dei	Document Type DocumentType	10-Q
CY2013Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001499961
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CY2013Q1	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2013Q1	dei	Entity Registrant Name EntityRegistrantName	Net Element International, Inc.
CY2013Q1	nete	Capitalized Web Development And Patent Costs CapitalizedWebDevelopmentAndPatentCosts		USD
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CY2013Q1	nete	Intercompany Allocations IntercompanyAllocations		USD
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CY2012Q3	nete	Notes Receivable Line Of Credit Maximum Lending Exposure NotesReceivableLineOfCreditMaximumLendingExposure	200000000	RUB
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CY2013Q1	us-gaap	Liabilities Liabilities	10498558	USD
CY2012Q4	us-gaap	Liabilities Liabilities	11370097	USD
CY2013Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	23802809	USD
CY2012Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	28378634	USD
CY2013Q1	us-gaap	Liabilities Current LiabilitiesCurrent	10437865	USD
CY2012Q4	us-gaap	Liabilities Current LiabilitiesCurrent	11234404	USD
CY2013Q1	us-gaap	Minority Interest MinorityInterest	-477917	USD
CY2012Q4	us-gaap	Minority Interest MinorityInterest	-506230	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	607891	USD
CY2012Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	2018508	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	5080105	USD
CY2012Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-190624	USD
CY2013Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-7212072	USD
CY2012Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-1276012	USD
CY2013Q1	us-gaap	Net Income Loss NetIncomeLoss	-3233831	USD
CY2012Q1	us-gaap	Net Income Loss NetIncomeLoss	-4523996	USD
CY2013Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-16216	USD
CY2012Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-72088	USD
CY2013Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-80541	USD
CY2012Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-411225	USD
CY2013Q1	us-gaap	Notes And Loans Receivable Gross Current NotesAndLoansReceivableGrossCurrent	257372	USD
CY2013Q1	us-gaap	Notes And Loans Receivable Gross Current NotesAndLoansReceivableGrossCurrent	8000000	RUB
CY2012Q4	us-gaap	Notes And Loans Receivable Gross Current NotesAndLoansReceivableGrossCurrent	5188934	USD
CY2013Q1	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent	557372	USD
CY2012Q4	us-gaap	Notes And Loans Receivable Net Current NotesAndLoansReceivableNetCurrent	6088934	USD
CY2013Q1	us-gaap	Notes Receivable Gross NotesReceivableGross	1191475	USD
CY2012Q4	us-gaap	Notes Receivable Gross NotesReceivableGross	1791475	USD
CY2012Q4	us-gaap	Notes Receivable Gross NotesReceivableGross	1791475	USD
CY2013Q1	us-gaap	Operating Expenses OperatingExpenses	3793451	USD
CY2012Q1	us-gaap	Operating Expenses OperatingExpenses	4186995	USD
CY2013Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-2918936	USD
CY2012Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-4112185	USD
CY2013Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	147975	USD
CY2012Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	142092	USD
CY2013Q1	us-gaap	Other Assets OtherAssets	49030	USD
CY2012Q4	us-gaap	Other Assets OtherAssets		USD
CY2013Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-26073	USD
CY2012Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	100	USD
CY2012Q1	us-gaap	Other General And Administrative Expense OtherGeneralAndAdministrativeExpense	3781517	USD
CY2013Q1	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	8100000	USD
CY2012Q4	us-gaap	Other Receivables Net Current OtherReceivablesNetCurrent	4800000	USD
CY2013Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	-3357	USD
CY2012Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	21886	USD
CY2013Q1	us-gaap	Payments To Fund Longterm Loans To Related Parties PaymentsToFundLongtermLoansToRelatedParties	454814	USD
CY2012Q1	us-gaap	Payments To Fund Longterm Loans To Related Parties PaymentsToFundLongtermLoansToRelatedParties		USD
CY2013Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2012Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2013Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2012Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2013Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2012Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2013Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2012Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2013Q1	us-gaap	Preferred Stock Value PreferredStockValue		USD
CY2012Q4	us-gaap	Preferred Stock Value PreferredStockValue		USD
CY2013Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	220232	USD
CY2012Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	508650	USD
CY2013Q1	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px"> <strong>Reclassification</strong></p> <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px">  </p> <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px"> Certain balances for the quarter ended March 31, 2012 have been reclassified to conform to the March 31, 2013 presentation.</p> <!--EndFragment--></div> </div>
CY2013Q1	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable	5531562	USD
CY2012Q1	us-gaap	Proceeds From Collection Of Notes Receivable ProceedsFromCollectionOfNotesReceivable		USD
CY2013Q1	us-gaap	Proceeds From Contributed Capital ProceedsFromContributedCapital		USD
CY2012Q1	us-gaap	Proceeds From Contributed Capital ProceedsFromContributedCapital	28972	USD
CY2013Q1	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	-472695	USD
CY2012Q1	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity		USD
CY2013Q1	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders		USD
CY2012Q1	us-gaap	Proceeds From Minority Shareholders ProceedsFromMinorityShareholders	2140000	USD
CY2013Q1	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	-14381	USD
CY2012Q1	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	-46492	USD
CY2013Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	647919	USD
CY2012Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	658249	USD
CY2013Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	245593	USD
CY2012Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	291017	USD
CY2012Q1	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed		USD
CY2012Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts		USD
CY2013Q1	us-gaap	Provision For Loan And Lease Losses ProvisionForLoanAndLeaseLosses	406585	USD
CY2013Q1	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	406585	USD
CY2013Q1	us-gaap	Stock Repurchase Program Authorized Amount StockRepurchaseProgramAuthorizedAmount	2500000	USD
CY2013Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	406585	USD
CY2013Q1	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	75000	USD
CY2012Q1	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	75000	USD
CY2013Q1	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt	886854	USD
CY2012Q1	us-gaap	Repayments Of Short Term Debt RepaymentsOfShortTermDebt		USD
CY2012Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	50711	USD
CY2013Q1	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue		USD
CY2012Q4	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	2056821	USD
CY2013Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-73450286	USD
CY2012Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-70216456	USD
CY2013Q1	us-gaap	Sales Revenue Net SalesRevenueNet	874515	USD
CY2012Q1	us-gaap	Sales Revenue Net SalesRevenueNet	74810	USD
CY2013Q1	us-gaap	Share Based Compensation ShareBasedCompensation		USD
CY2012Q1	us-gaap	Share Based Compensation ShareBasedCompensation	2661772	USD
CY2013Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms	P4Y6M4D
CY2012Q1	us-gaap	Share Price SharePrice	13.60
CY2012Q1	us-gaap	Share Price SharePrice	10.00
CY2013Q1	us-gaap	Short Term Borrowings ShortTermBorrowings	8513311	USD
CY2012Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	9400164	USD
CY2013Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	13304251	USD
CY2012Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	17008537	USD
CY2013Q1	us-gaap	Use Of Estimates UseOfEstimates	<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div><!--StartFragment--> <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px"> <strong>Use of Estimates</strong></p> <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px; TEXT-INDENT: 0.5in">  </p> <p style="FONT: 10pt Times New Roman, Times, Serif; MARGIN: 0pt 0px"> The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the balance sheet date and the reported amounts of expenses for the period presented. Actual results could differ from those estimates.</p> <!--EndFragment--></div> </div>
CY2013Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	28224893	shares
CY2012Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	18819814	shares

Files In Submission

Name	View Source	Status
0001144204-13-029613-index-headers.html	Edgar Link	pending
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0001144204-13-029613.txt	Edgar Link	pending
0001144204-13-029613-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
nete-20130331.xml	Edgar Link	completed
nete-20130331.xsd	Edgar Link	pending
nete-20130331_cal.xml	Edgar Link	unprocessable
nete-20130331_def.xml	Edgar Link	unprocessable
nete-20130331_lab.xml	Edgar Link	unprocessable
nete-20130331_pre.xml	Edgar Link	unprocessable
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v344608_10q.htm	Edgar Link	pending
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v344608_ex31-1.htm	Edgar Link	pending
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v344608_ex32-1.htm	Edgar Link	pending

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$MULN
MULLEN AUTOMOTIVE INC. Stock $muln

2013 Q2 Form 10-Q Financial Statement

#000114420413029613 Filed on May 15, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MULN MULLEN AUTOMOTIVE INC. Stock $muln

2013 Q2 Form 10-Q Financial Statement

#000114420413029613 Filed on May 15, 2013

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MULN
MULLEN AUTOMOTIVE INC. Stock $muln