$MULN
MULLEN AUTOMOTIVE INC. Stock $muln

$muln Overview Financials Valuation SEC Filings Company Website

2015 Q2 Form 10-Q Financial Statement

#000114420415030750 Filed on May 14, 2015

Income Statement

Concept	2015 Q2	2015 Q1	2014 Q4
Revenue	$6.907M	$5.540M	$5.450M
YoY Change	40.61%	14.38%	-5.22%
Cost Of Revenue	$5.468M	$4.614M	$4.290M
YoY Change	63.46%	30.77%	-1.15%
Gross Profit	$1.439M	$926.1K	$1.160M
YoY Change	-8.16%	-29.57%	-18.31%
Gross Profit Margin	20.84%	16.72%	21.28%
Selling, General & Admin	$3.320M	$2.650M	$3.380M
YoY Change	-1244.83%	-18.21%	-82.44%
% of Gross Profit	230.7%	286.14%	291.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$626.5K	$438.8K	$460.0K
YoY Change	0.27%	-25.85%	-41.77%
% of Gross Profit	43.53%	47.38%	39.66%
Operating Expenses	$9.411M	$7.700M	$3.880M
YoY Change	89.16%	4.56%	-80.67%
Operating Profit	-$2.504M	-$2.159M	-$2.720M
YoY Change	3875.54%	-14.32%	-85.42%
Interest Expense	$740.0K	-$120.0K	-$80.00K
YoY Change	-80.53%	-88.68%	-91.49%
% of Operating Profit
Other Income/Expense, Net	-$8.501K	$29.07K	-$50.00K
YoY Change	32.95%	-12471.49%	-600.0%
Pretax Income	-$1.775M	-$2.248M	-$2.960M
YoY Change	-232.96%	-37.24%	-85.94%
Income Tax	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$1.764M	-$2.239M	-$2.980M
YoY Change	-230.9%	-37.68%	-85.79%
Net Earnings / Revenue	-25.54%	-40.42%	-54.68%
Basic Earnings Per Share
Diluted Earnings Per Share	-$1.036K	-$1.094K	-$1.491K
COMMON SHARES
Basic Shares Outstanding	46.19M shares	47.46M shares	45.62M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2015 Q2	2015 Q1	2014 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$700.0K	$800.0K	$500.0K
YoY Change	-46.15%	0.0%	400.0%
Cash & Equivalents	$675.2K	$766.3K	$503.3K
Short-Term Investments
Other Short-Term Assets	$5.900M	$800.0K	$1.000M
YoY Change	637.5%	-55.56%	-47.37%
Inventory
Prepaid Expenses
Receivables	$3.494M	$3.276M	$3.417M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$10.10M	$4.798M	$4.883M
YoY Change	55.83%	-46.87%	-61.52%
LONG-TERM ASSETS
Property, Plant & Equipment	$100.0K	$60.85K	$70.92K
YoY Change	58.14%	-47.09%	-48.34%
Goodwill		$6.672M	$6.672M
YoY Change		0.0%	0.0%
Intangibles
YoY Change
Long-Term Investments			$0.00
YoY Change
Other Assets	$300.0K	$225.2K	$204.7K
YoY Change	-2.69%
Total Long-Term Assets	$15.70M	$9.231M	$9.439M
YoY Change	55.51%	-0.47%	-3.87%
TOTAL ASSETS
Total Short-Term Assets	$10.10M	$4.798M	$4.883M
Total Long-Term Assets	$15.70M	$9.231M	$9.439M
Total Assets	$25.80M	$14.03M	$14.32M
YoY Change	55.64%	-23.36%	-36.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$3.200M	$3.399M	$2.698M
YoY Change	22.63%	17.71%	-15.42%
Accrued Expenses	$2.700M	$2.372M	$2.352M
YoY Change	-0.51%	-15.78%	-32.51%
Deferred Revenue
YoY Change
Short-Term Debt	$277.8K	$0.00	$0.00
YoY Change	8.34%	-100.0%	-100.0%
Long-Term Debt Due	$596.2K	-$318.4K	$98.49K
YoY Change	-705.3%	-79.67%	-97.42%
Total Short-Term Liabilities	$10.90M	$6.652M	$5.621M
YoY Change	77.1%	-56.46%	-72.79%
LONG-TERM LIABILITIES
Long-Term Debt	$3.647M	$3.647M	$3.217M
YoY Change	-78.08%	-81.43%	-81.36%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$3.647M	$3.647M	$3.217M
YoY Change	-78.08%	-81.43%	-81.36%
TOTAL LIABILITIES
Total Short-Term Liabilities	$10.90M	$6.652M	$5.621M
Total Long-Term Liabilities	$3.647M	$3.647M	$3.217M
Total Liabilities	$14.80M	$10.30M	$8.838M
YoY Change	-35.06%	-70.5%	-76.69%
SHAREHOLDERS EQUITY
Retained Earnings			-$129.1M
YoY Change			8.56%
Common Stock		$137.3M	$136.7M
YoY Change		31.0%	32.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$11.00M	$3.500M	$5.200M
YoY Change
Total Liabilities & Shareholders Equity	$25.80M	$14.03M	$14.32M
YoY Change	55.63%	-23.36%	-36.37%

Cashflow Statement

Concept	2015 Q2	2015 Q1	2014 Q4
OPERATING ACTIVITIES
Net Income	-$1.764M	-$2.239M	-$2.980M
YoY Change	-230.9%	-37.68%	-85.79%
Depreciation, Depletion And Amortization	$626.5K	$438.8K	$460.0K
YoY Change	0.27%	-25.85%	-41.77%
Cash From Operating Activities	-$2.300M	-$170.0K	-$710.0K
YoY Change	-187.12%	-123.01%	-84.01%
INVESTING ACTIVITIES
Capital Expenditures	$60.00K	$6.849K	$740.0K
YoY Change	-160.0%	-92.95%	94.74%
Acquisitions
YoY Change
Other Investing Activities	-$3.500M	-$503.00	$300.0K
YoY Change	167.18%	-98.91%	-1100.0%
Cash From Investing Activities	-$3.550M	-$10.00K	-$450.0K
YoY Change	193.39%	-80.39%	9.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	5.460M	770.0K	2.760M
YoY Change	-244.06%	727.97%	220.93%
NET CHANGE
Cash From Operating Activities	-2.300M	-170.0K	-710.0K
Cash From Investing Activities	-3.550M	-10.00K	-450.0K
Cash From Financing Activities	5.460M	770.0K	2.760M
Net Change In Cash	-390.0K	590.0K	1.600M
YoY Change	-83.47%	-24.45%	-140.1%
FREE CASH FLOW
Cash From Operating Activities	-$2.300M	-$170.0K	-$710.0K
Capital Expenditures	$60.00K	$6.849K	$740.0K
Free Cash Flow	-$2.360M	-$176.8K	-$1.450M
YoY Change	-186.13%	-127.55%	-69.92%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2015Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	46186962	shares
CY2015Q1	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2015Q1	dei	Trading Symbol TradingSymbol	NETE
CY2014Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	3417173	USD
CY2015Q1	us-gaap	Goodwill Goodwill	6671750	USD
CY2015Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2015Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	766279	USD
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	503343	USD
CY2015Q1	us-gaap	Accounts Receivable Net AccountsReceivableNet	3275720	USD
CY2015Q1	us-gaap	Due From Other Related Parties Current DueFromOtherRelatedPartiesCurrent	0	USD
CY2014Q4	us-gaap	Due From Other Related Parties Current DueFromOtherRelatedPartiesCurrent	18455	USD
CY2015Q1	dei	Entity Registrant Name EntityRegistrantName	Net Element, Inc.
CY2015Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001499961
CY2015Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	755674	USD
CY2015Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	225189	USD
CY2015Q1	us-gaap	Long Term Notes Payable LongTermNotesPayable	3646595	USD
CY2015Q1	us-gaap	Liabilities Liabilities	10298864	USD
CY2014Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	944243	USD
CY2015Q1	us-gaap	Assets Current AssetsCurrent	4797673	USD
CY2014Q4	us-gaap	Assets Current AssetsCurrent	4883214	USD
CY2015Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	60850	USD
CY2014Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	70918	USD
CY2015Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2014Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2015Q1	us-gaap	Common Stock Value CommonStockValue	4618	USD
CY2014Q4	us-gaap	Common Stock Value CommonStockValue	4589	USD
CY2015Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	137290970	USD
CY2014Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	136689629	USD
CY2015Q1	us-gaap	Common Stock Share Subscribed But Unissued Subscriptions Receivable CommonStockShareSubscribedButUnissuedSubscriptionsReceivable	1111130	USD
CY2014Q4	us-gaap	Common Stock Share Subscribed But Unissued Subscriptions Receivable CommonStockShareSubscribedButUnissuedSubscriptionsReceivable	1111130	USD
CY2014Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	204737	USD
CY2015Q1	us-gaap	Assets Assets	14029157	USD
CY2014Q4	us-gaap	Assets Assets	14322669	USD
CY2015Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	3398814	USD
CY2014Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	2698257	USD
CY2015Q1	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	437625	USD
CY2014Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	472482	USD
CY2015Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	2273695	USD
CY2014Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	2492050	USD
CY2015Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	2372425	USD
CY2014Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	2351885	USD
CY2015Q1	us-gaap	Notes Payable Current NotesPayableCurrent	318405	USD
CY2014Q4	us-gaap	Notes Payable Current NotesPayableCurrent	98493	USD
CY2015Q1	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	125000	USD
CY2015Q1	us-gaap	Liabilities Current LiabilitiesCurrent	6652269	USD
CY2014Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	3216507	USD
CY2014Q4	us-gaap	Liabilities Liabilities	8837624	USD
CY2014Q4	us-gaap	Goodwill Goodwill	6671750	USD
CY2015Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3730293	USD
CY2014Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	5485045	USD
CY2015Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	14029157	USD
CY2014Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	14322669	USD
CY2014Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	-98493	USD
CY2015Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	3646595	USD
CY2015Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"><b>Use of Estimates</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">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.</div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif; font-size-adjust: none; font-stretch: normal" align="justify">Significant estimates include (i) the valuation of acquired merchant portfolios (ii) the recoverability of indeterminate-lived assets, (iii) the remaining useful lives of long-lived assets, and (iv) the sufficiency of merchant, aggregator, legal, and other reserves. On an ongoing basis, we evaluate the sufficiency and accuracy of our estimates. Actual results could differ from those estimates. </div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2014Q4	us-gaap	Accrued Sales Commission Current AccruedSalesCommissionCurrent	514252	USD
CY2015Q1	us-gaap	Deferred Sales Commission DeferredSalesCommission	139797	USD
CY2014Q4	us-gaap	Deferred Sales Commission DeferredSalesCommission	272000	USD
CY2015Q1	us-gaap	Long Term Debt LongTermDebt	3965000	USD
CY2014Q4	us-gaap	Long Term Debt LongTermDebt	3315000	USD
CY2015Q1	nete	Cash Fdic Insured Amount Cash Noninterest Bearing Transaction Accounts CashFdicInsuredAmountCashNoninterestBearingTransactionAccounts	250000	USD
CY2014Q4	nete	Cash Fdic Insured Amount Cash Noninterest Bearing Transaction Accounts CashFdicInsuredAmountCashNoninterestBearingTransactionAccounts	250000	USD
CY2015Q1	us-gaap	Cash Uninsured Amount CashUninsuredAmount	606223	USD
CY2014Q4	us-gaap	Cash Uninsured Amount CashUninsuredAmount	318416	USD
CY2014	nete	Terminals Acquired Amount Net TerminalsAcquiredAmountNet	532315	USD
CY2015Q1	nete	Terminals Acquired Amount Net TerminalsAcquiredAmountNet	465431	USD
CY2014	nete	Terminals Acquired Amount Net Held With Merchants TerminalsAcquiredAmountNetHeldWithMerchants	292718	USD
CY2015Q1	nete	Terminals Acquired Amount Net Held With Merchants TerminalsAcquiredAmountNetHeldWithMerchants	229294	USD
CY2014	nete	Terminals Amortization Amount Net TerminalsAmortizationAmountNet	24029	USD
CY2015Q1	nete	Terminals Amortization Amount Net TerminalsAmortizationAmountNet	30735	USD
CY2015Q1	us-gaap	Accrued Sales Commission Current AccruedSalesCommissionCurrent	479161	USD
CY2014	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	119194	shares
CY2015Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	8938900	shares
CY2014	us-gaap	Net Income Loss NetIncomeLoss	-10200000	USD
CY2015Q1	nete	Working Capital Deficit WorkingCapitalDeficit	1900000	USD
CY2014Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	3528494	USD
CY2015Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	4614072	USD
CY2014Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	3141945	USD
CY2015Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2637469	USD
CY2014Q1	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	101711	USD
CY2015Q1	us-gaap	Provision For Loan Losses Expensed ProvisionForLoanLossesExpensed	9331	USD
CY2014Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	591699	USD
CY2015Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	438769	USD
CY2014Q1	us-gaap	Operating Expenses OperatingExpenses	7363849	USD
CY2015Q1	us-gaap	Operating Expenses OperatingExpenses	7699641	USD
CY2014Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-2520370	USD
CY2015Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-2159434	USD
CY2014Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-1061480	USD
CY2015Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-117594	USD
CY2014Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-235	USD
CY2015Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	29073	USD
CY2014Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	39933	USD
CY2015Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
CY2014Q1	us-gaap	Profit Loss ProfitLoss	-3622018	USD
CY2015Q1	us-gaap	Profit Loss ProfitLoss	-2247955	USD
CY2014Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	1283298	USD
CY2015Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-108167	USD
CY2015Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-2347375	USD
CY2014Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.11
CY2015Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.05
CY2015Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	46057972	shares
CY2015Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3275720	USD
CY2014Q4	nete	Accrued Foreign Taxes AccruedForeignTaxes	189690	USD
CY2015Q1	nete	Number Of Shares Registered Under Registration Statement On Form S3 NumberOfSharesRegisteredUnderRegistrationStatementOnFormS3	6538544	shares
CY2014Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-3582085	USD
CY2015Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-331346	USD
CY2014Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	650712	USD
CY2015Q1	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	1451179	USD
CY2014Q4	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	1409131	USD
CY2015Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	286137	USD
CY2014Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	312111	USD
CY2015Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	-318405	USD
CY2014Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	3417173	USD
CY2015Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	198524	USD
CY2014Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	193597	USD
CY2015Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	137674	USD
CY2014Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	122679	USD
CY2014Q1	us-gaap	Depreciation Depreciation	28721	USD
CY2015Q1	us-gaap	Depreciation Depreciation	14995	USD
CY2015Q1	us-gaap	Finitelived Intangible Assets Acquired1 FinitelivedIntangibleAssetsAcquired1	172687	USD
CY2015Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	391042	USD
CY2015Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Rolling Year Two FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo	813814	USD
CY2015Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Rolling Year Three FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree	505803	USD
CY2015Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Rolling Year Four FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour	98168	USD
CY2014Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	52050	USD
CY2015Q1	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	601371	USD
CY2015Q1	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	295144	USD
CY2014Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	295144	USD
CY2015Q1	us-gaap	Accrued Advertising Current AccruedAdvertisingCurrent	94142	USD
CY2014Q4	us-gaap	Accrued Advertising Current AccruedAdvertisingCurrent	75346	USD
CY2015Q1	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	85463	USD
CY2014Q4	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	70463	USD
CY2014Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	3216507	USD
CY2015Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	318405	USD
CY2015Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	843318	USD
CY2015Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	968303	USD
CY2015Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	1111812	USD
CY2015Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	723162	USD
CY2015Q1	us-gaap	Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount	21750	USD
CY2015Q1	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	18750	USD
CY2015Q1	us-gaap	Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1 ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1	7.50
CY2015Q1	nete	Warants Expiration Date WarantsExpirationDate	2017-10-02
CY2014Q1	us-gaap	Share Based Compensation ShareBasedCompensation	52050	USD
CY2015Q1	us-gaap	Share Based Compensation ShareBasedCompensation	601371	USD
CY2014Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	591699	USD
CY2015Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	438769	USD
CY2014Q1	nete	Net Income Loss Attributable To Noncontrolling Interest Including Foreign Curreny Adjustment NetIncomeLossAttributableToNoncontrollingInterestIncludingForeignCurrenyAdjustment	-28690	USD
CY2015Q1	nete	Net Income Loss Attributable To Noncontrolling Interest Including Foreign Curreny Adjustment NetIncomeLossAttributableToNoncontrollingInterestIncludingForeignCurrenyAdjustment	-8747	USD
CY2014Q1	us-gaap	Deferred Revenue Period Increase Decrease DeferredRevenuePeriodIncreaseDecrease	0	USD
CY2015Q1	us-gaap	Deferred Revenue Period Increase Decrease DeferredRevenuePeriodIncreaseDecrease	-34858	USD
CY2014Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-4487829	USD
CY2015Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-114305	USD
CY2014Q1	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	5580	USD
CY2015Q1	us-gaap	Increase Decrease In Other Receivables IncreaseDecreaseInOtherReceivables	-16715	USD
CY2014Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-87008	USD
CY2015Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-278319	USD
CY2014Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-252415	USD
CY2015Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	667819	USD
CY2014Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-599629	USD
CY2015Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	356	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	738944	USD
CY2015Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-2247955	USD
CY2015Q1	us-gaap	Net Income Loss NetIncomeLoss	-2239208	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-165159	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-51004	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-6849	USD
CY2014Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	92999	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	766290	USD
CY2014Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-130227	USD
CY2015Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	262936	USD
CY2013Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	126319	USD
CY2014Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	777031	USD
CY2014Q1	us-gaap	Interest Paid InterestPaid	574233	USD
CY2015Q1	us-gaap	Interest Paid InterestPaid	118910	USD
CY2014Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	167610	USD
CY2015Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	30505	USD
CY2015Q1	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	19800000	USD
CY2014Q1	us-gaap	Cost Of Goods Sold Amortization CostOfGoodsSoldAmortization	562978	USD
CY2015Q1	us-gaap	Cost Of Goods Sold Amortization CostOfGoodsSoldAmortization	423794	USD
CY2015Q1	us-gaap	Adjustment For Amortization AdjustmentForAmortization	32752	USD
CY2015Q1	nete	Accrued Foreign Taxes AccruedForeignTaxes	160360	USD
CY2015Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths	855910	USD
CY2014Q1	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	-754240	USD
CY2015Q1	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	125000	USD
CY2014Q1	us-gaap	Payments For Purchase Of Other Assets1 PaymentsForPurchaseOfOtherAssets1	97117	USD
CY2015Q1	us-gaap	Payments For Purchase Of Other Assets1 PaymentsForPurchaseOfOtherAssets1	7352	USD
CY2014Q1	us-gaap	Proceeds From Other Debt ProceedsFromOtherDebt	1932266	USD
CY2015Q1	us-gaap	Proceeds From Other Debt ProceedsFromOtherDebt	650000	USD
CY2014Q1	us-gaap	Repayments Of Other Debt RepaymentsOfOtherDebt	1085027	USD
CY2015Q1	us-gaap	Repayments Of Other Debt RepaymentsOfOtherDebt	8710	USD
CY2014	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	371992	USD
CY2015Q1	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	55038	USD
CY2014Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-46113	USD
CY2015Q1	us-gaap	Payments For Proceeds From Other Investing Activities PaymentsForProceedsFromOtherInvestingActivities	-503	USD
CY2015Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	101711	USD
CY2014Q1	us-gaap	Revenues Revenues	4843479	USD
CY2015Q1	us-gaap	Revenues Revenues	5540207	USD
CY2014Q1	us-gaap	Revenue Other Financial Services RevenueOtherFinancialServices	4038333	USD
CY2015Q1	us-gaap	Revenue Other Financial Services RevenueOtherFinancialServices	5177179	USD
CY2014Q1	us-gaap	Fees And Commissions FeesAndCommissions	748599	USD
CY2015Q1	us-gaap	Fees And Commissions FeesAndCommissions	363028	USD

Files In Submission

Name	View Source	Status
0001144204-15-030750-index-headers.html	Edgar Link	pending
0001144204-15-030750-index.html	Edgar Link	pending
0001144204-15-030750.txt	Edgar Link	pending
0001144204-15-030750-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xls	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
nete-20150331.xml	Edgar Link	completed
nete-20150331.xsd	Edgar Link	pending
nete-20150331_cal.xml	Edgar Link	unprocessable
nete-20150331_def.xml	Edgar Link	unprocessable
nete-20150331_lab.xml	Edgar Link	unprocessable
nete-20150331_pre.xml	Edgar Link	unprocessable
R1.htm	Edgar Link	pending
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R6.htm	Edgar Link	pending
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R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
tlogo.jpg	Edgar Link	pending
v409932_10q.htm	Edgar Link	pending
v409932_ex31-1.htm	Edgar Link	pending
v409932_ex31-2.htm	Edgar Link	pending
v409932_ex32-1.htm	Edgar Link	pending

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$MULN
MULLEN AUTOMOTIVE INC. Stock $muln

2015 Q2 Form 10-Q Financial Statement

#000114420415030750 Filed on May 14, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MULN MULLEN AUTOMOTIVE INC. Stock $muln

2015 Q2 Form 10-Q Financial Statement

#000114420415030750 Filed on May 14, 2015

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MULN
MULLEN AUTOMOTIVE INC. Stock $muln