$MULN
MULLEN AUTOMOTIVE INC. Stock $muln

$muln Overview Financials Valuation SEC Filings Company Website

2016 Q2 Form 10-Q Financial Statement

#000114420416102556 Filed on May 16, 2016

Income Statement

Concept	2016 Q2	2016 Q1	2015 Q1
Revenue	$13.69M	$11.26M	$5.540M
YoY Change	98.25%	103.26%	14.38%
Cost Of Revenue	$11.48M	$9.385M	$4.614M
YoY Change	110.04%	103.4%	30.77%
Gross Profit	$2.208M	$1.876M	$926.1K
YoY Change	53.43%	102.54%	-29.57%
Gross Profit Margin	16.13%	16.66%	16.72%
Selling, General & Admin	$4.140M	$2.700M	$2.650M
YoY Change	24.7%	1.89%	-18.21%
% of Gross Profit	187.5%	143.94%	286.14%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$844.5K	$888.1K	$438.8K
YoY Change	34.8%	102.41%	-25.85%
% of Gross Profit	38.25%	47.35%	47.38%
Operating Expenses	$16.47M	$12.97M	$7.700M
YoY Change	75.0%	68.51%	4.56%
Operating Profit	-$2.776M	-$1.713M	-$2.159M
YoY Change	10.86%	-20.66%	-14.32%
Interest Expense	-$440.0K	$0.00	-$120.0K
YoY Change	-159.46%	-100.0%	-88.68%
% of Operating Profit
Other Income/Expense, Net	-$7.705K	-$21.82K	$29.07K
YoY Change	-9.36%	-175.05%	-12471.49%
Pretax Income	-$5.385M	-$1.886M	-$2.248M
YoY Change	203.43%	-16.12%	-37.24%
Income Tax	$0.00	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$5.346M	-$1.848M	-$2.239M
YoY Change	203.04%	-17.48%	-37.68%
Net Earnings / Revenue	-39.05%	-16.41%	-40.42%
Basic Earnings Per Share
Diluted Earnings Per Share	-$535.00	-$185.00	-$1.094K
COMMON SHARES
Basic Shares Outstanding	114.3M shares	113.0M shares	47.46M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2016 Q2	2016 Q1	2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$600.0K	$700.0K	$800.0K
YoY Change	-14.29%	-12.5%	0.0%
Cash & Equivalents	$633.6K	$202.1K	$766.3K
Short-Term Investments
Other Short-Term Assets	$800.0K	$1.300M	$800.0K
YoY Change	-86.44%	62.5%	-55.56%
Inventory
Prepaid Expenses
Receivables	$5.828M	$4.425M	$3.276M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$7.300M	$6.500M	$4.798M
YoY Change	-27.72%	35.48%	-46.87%
LONG-TERM ASSETS
Property, Plant & Equipment	$142.4K	$200.0K	$60.85K
YoY Change	42.41%	228.68%	-47.09%
Goodwill			$6.672M
YoY Change			0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$553.3K	$389.7K	$225.2K
YoY Change	84.43%	73.05%
Total Long-Term Assets	$14.80M	$15.12M	$9.231M
YoY Change	-5.74%	63.74%	-0.47%
TOTAL ASSETS
Total Short-Term Assets	$7.300M	$6.500M	$4.798M
Total Long-Term Assets	$14.80M	$15.12M	$9.231M
Total Assets	$22.10M	$21.62M	$14.03M
YoY Change	-14.34%	54.08%	-23.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$6.075M	$5.100M	$3.399M
YoY Change	89.85%	50.05%	17.71%
Accrued Expenses	$4.206M	$3.131M	$2.372M
YoY Change	55.76%	31.98%	-15.78%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change	-100.0%		-100.0%
Long-Term Debt Due	$384.2K	$600.0K	-$318.4K
YoY Change	-35.56%	-288.44%	-79.67%
Total Short-Term Liabilities	$11.30M	$10.59M	$6.652M
YoY Change	3.67%	59.18%	-56.46%
LONG-TERM LIABILITIES
Long-Term Debt	$3.824M	$3.500M	$3.647M
YoY Change	4.86%	-4.02%	-81.43%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$3.824M	$3.500M	$3.647M
YoY Change	4.86%	-4.02%	-81.43%
TOTAL LIABILITIES
Total Short-Term Liabilities	$11.30M	$10.59M	$6.652M
Total Long-Term Liabilities	$3.824M	$3.500M	$3.647M
Total Liabilities	$15.14M	$14.06M	$10.30M
YoY Change	2.33%	36.51%	-70.5%
SHAREHOLDERS EQUITY
Retained Earnings		-$145.8M
YoY Change
Common Stock	$160.1M	$154.8M	$137.3M
YoY Change		12.75%	31.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$6.900M	$7.400M	$3.500M
YoY Change
Total Liabilities & Shareholders Equity	$22.12M	$21.62M	$14.03M
YoY Change	-14.26%	54.08%	-23.36%

Cashflow Statement

Concept	2016 Q2	2016 Q1	2015 Q1
OPERATING ACTIVITIES
Net Income	-$5.346M	-$1.848M	-$2.239M
YoY Change	203.04%	-17.48%	-37.68%
Depreciation, Depletion And Amortization	$844.5K	$888.1K	$438.8K
YoY Change	34.8%	102.41%	-25.85%
Cash From Operating Activities	-$520.0K	-$950.0K	-$170.0K
YoY Change	-77.39%	458.82%	-123.01%
INVESTING ACTIVITIES
Capital Expenditures	-$190.0K	$0.00	$6.849K
YoY Change	-416.67%	-100.0%	-92.95%
Acquisitions
YoY Change
Other Investing Activities	-$740.0K		-$503.00
YoY Change	-78.86%		-98.91%
Cash From Investing Activities	-$560.0K	-$400.0K	-$10.00K
YoY Change	-84.23%	3900.0%	-80.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$0.00
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	1.140M	990.0K	770.0K
YoY Change	-79.12%	28.57%	727.97%
NET CHANGE
Cash From Operating Activities	-520.0K	-950.0K	-170.0K
Cash From Investing Activities	-560.0K	-400.0K	-10.00K
Cash From Financing Activities	1.140M	990.0K	770.0K
Net Change In Cash	60.00K	-360.0K	590.0K
YoY Change	-115.38%	-161.02%	-24.45%
FREE CASH FLOW
Cash From Operating Activities	-$520.0K	-$950.0K	-$170.0K
Capital Expenditures	-$190.0K	$0.00	$6.849K
Free Cash Flow	-$330.0K	-$950.0K	-$176.8K
YoY Change	-86.02%	437.18%	-127.55%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2015Q4	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	743910	USD
CY2016Q1	us-gaap	Repayments Of Other Debt RepaymentsOfOtherDebt	0	USD
CY2015Q1	us-gaap	Repayments Of Other Debt RepaymentsOfOtherDebt	8710	USD
CY2015Q4	us-gaap	Accounts Receivable Net AccountsReceivableNet	5198993	USD
CY2016Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	7556705	USD
CY2016Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	21615756	USD
CY2015Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	3446563	USD
CY2016Q1	us-gaap	Liabilities Liabilities	14059051	USD
CY2016Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-1595563	USD
CY2016Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-145802767	USD
CY2015Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2637469	USD
CY2015Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
CY2015Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-108167	USD
CY2016Q1	us-gaap	Profit Loss ProfitLoss	-1885595	USD
CY2016Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-37876	USD
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	-1847719	USD
CY2016Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.02
CY2016Q1	nete	Net Income Loss Attributable To Noncontrolling Interest Including Foreign Curreny Adjustment NetIncomeLossAttributableToNoncontrollingInterestIncludingForeignCurrenyAdjustment	-37876	USD
CY2015Q1	nete	Net Income Loss Attributable To Noncontrolling Interest Including Foreign Curreny Adjustment NetIncomeLossAttributableToNoncontrollingInterestIncludingForeignCurrenyAdjustment	-8747	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	360984	USD
CY2015Q1	us-gaap	Share Based Compensation ShareBasedCompensation	601371	USD
CY2016Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	888118	USD
CY2015Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	438769	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-947001	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-165159	USD
CY2016Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-44186	USD
CY2015Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	356	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-865158	USD
CY2015Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	667819	USD
CY2016Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	396819	USD
CY2015Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	6849	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-396819	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-6849	USD
CY2016Q1	us-gaap	Proceeds From Other Debt ProceedsFromOtherDebt	75000	USD
CY2015Q1	us-gaap	Proceeds From Other Debt ProceedsFromOtherDebt	650000	USD
CY2016Q1	us-gaap	Accounts Receivable Net AccountsReceivableNet	4424761	USD
CY2016Q1	us-gaap	Assets Assets	21615756	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	724509	USD
CY2016Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	3131234	USD
CY2015Q4	us-gaap	Assets Assets	22913561	USD
CY2015Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	353050	USD
CY2016Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	389680	USD
CY2016Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-1713338	USD
CY2015Q4	us-gaap	Minority Interest MinorityInterest	198917	USD
CY2015Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-2159434	USD
CY2015Q1	us-gaap	Operating Expenses OperatingExpenses	7699641	USD
CY2016Q1	us-gaap	Operating Expenses OperatingExpenses	12974397	USD
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1025747	USD
CY2015Q4	us-gaap	Goodwill Goodwill	9643752	USD
CY2016Q1	us-gaap	Minority Interest MinorityInterest	161041	USD
CY2015Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	438769	USD
CY2016Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	888118	USD
CY2015Q1	us-gaap	Financing Receivable Allowance For Credit Losses Period Increase Decrease FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease	9331	USD
CY2016Q1	us-gaap	Financing Receivable Allowance For Credit Losses Period Increase Decrease FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease	251741	USD
CY2015Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-117594	USD
CY2016Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-1877460	USD
CY2015Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	29073	USD
CY2016Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-21819	USD
CY2015Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-2347375	USD
CY2015Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	46057972	shares
CY2016Q1	us-gaap	Technology Services Revenue TechnologyServicesRevenue	9363820	USD
CY2016Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1885595	USD
CY2015Q1	us-gaap	Technology Services Revenue TechnologyServicesRevenue	5540207	USD
CY2016Q1	us-gaap	Sales Revenue Services Gross SalesRevenueServicesGross	1897239	USD
CY2015Q1	us-gaap	Sales Revenue Services Gross SalesRevenueServicesGross	0	USD
CY2016Q1	us-gaap	Sales Revenue Net SalesRevenueNet	11261059	USD
CY2015Q1	us-gaap	Sales Revenue Net SalesRevenueNet	5540207	USD
CY2016Q1	us-gaap	Technology Services Costs TechnologyServicesCosts	7598184	USD
CY2015Q1	us-gaap	Technology Services Costs TechnologyServicesCosts	4614072	USD
CY2016Q1	us-gaap	Other Cost Of Services OtherCostOfServices	1787057	USD
CY2015Q1	us-gaap	Other Cost Of Services OtherCostOfServices	0	USD
CY2016Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-334291	USD
CY2015Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-278319	USD
CY2016Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-436453	USD
CY2015Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-131020	USD
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	9040867	USD
CY2015Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	22913561	USD
CY2015Q4	us-gaap	Liabilities Liabilities	13872694	USD
CY2015Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-1565822	USD
CY2016Q1	us-gaap	Long Term Notes Payable LongTermNotesPayable	3469983	USD
CY2016Q1	us-gaap	Notes Payable Current NotesPayableCurrent	570017	USD
CY2015Q4	us-gaap	Notes Payable Current NotesPayableCurrent	518437	USD
CY2016Q1	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	1239856	USD
CY2015Q4	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	329881	USD
CY2016Q1	us-gaap	Liabilities Current LiabilitiesCurrent	10589068	USD
CY2015Q4	us-gaap	Liabilities Current LiabilitiesCurrent	10426131	USD
CY2016Q1	us-gaap	Common Stock Value CommonStockValue	11317	USD
CY2015Q4	us-gaap	Common Stock Value CommonStockValue	11262	USD
CY2016Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	154782677	USD
CY2015Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	154351558	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-143955048	USD
CY2016Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	2449297	USD
CY2016Q1	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-150438	USD
CY2016Q1	us-gaap	Cash Uninsured Amount CashUninsuredAmount	609885	USD
CY2016Q1	nete	Terminals Acquired Amount Net Held With Merchants TerminalsAcquiredAmountNetHeldWithMerchants	190874	USD
CY2015	nete	Terminals Acquired Amount Net TerminalsAcquiredAmountNet	345459	USD
CY2015	nete	Terminals Acquired Amount Net Held With Merchants TerminalsAcquiredAmountNetHeldWithMerchants	268501	USD
CY2016Q1	nete	Terminals Amortization Amount Net TerminalsAmortizationAmountNet	36646	USD
CY2015Q1	nete	Terminals Amortization Amount Net TerminalsAmortizationAmountNet	30735	USD
CY2016Q1	nete	Terminals Acquired Amount Net TerminalsAcquiredAmountNet	414297	USD
CY2016Q1	us-gaap	Gross Profit GrossProfit	1875818	USD
CY2016Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	985045	USD
CY2015Q1	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	766290	USD
CY2016Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	57537	USD
CY2015Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-331346	USD
CY2016Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-301238	USD
CY2015Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	262936	USD
CY2014Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	503343	USD
CY2015Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	766279	USD
CY2016Q1	us-gaap	Interest Paid InterestPaid	150438	USD
CY2015Q1	us-gaap	Interest Paid InterestPaid	118910	USD
CY2016Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	86770	USD
CY2015Q1	us-gaap	Income Taxes Paid IncomeTaxesPaid	30505	USD
CY2016Q1	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	910045	USD
CY2015Q1	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	125000	USD
CY2016Q1	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	250000	USD
CY2016Q1	nete	Gross Profit Percentage GrossProfitPercentage	0.17	pure
CY2015Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	4614072	USD
CY2015Q1	us-gaap	Gross Profit GrossProfit	926135	USD
CY2015Q1	nete	Gross Profit Percentage GrossProfitPercentage	0.17	pure
CY2015Q1	us-gaap	Assets Assets	14029157	USD
CY2016Q1	us-gaap	Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1 ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1	7.50
CY2016Q1	nete	Class Of Warrant Or Right Weighted Average Remaining Contract Term ClassOfWarrantOrRightWeightedAverageRemainingContractTerm	P1Y6M
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	5791717	shares
CY2016Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	896384	USD
CY2016Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	1002343	USD
CY2016Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	1150896	USD
CY2016Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	420360	USD
CY2016Q1	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	74871	USD
CY2015Q4	us-gaap	Accrued Salaries Current AccruedSalariesCurrent	79653	USD
CY2016Q1	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	220140	USD
CY2015Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	220140	USD
CY2016Q1	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	1701936	USD
CY2015Q4	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	1635816	USD
CY2016Q1	us-gaap	Short Term Bank Loans And Notes Payable ShortTermBankLoansAndNotesPayable	175560	USD
CY2015Q4	us-gaap	Short Term Bank Loans And Notes Payable ShortTermBankLoansAndNotesPayable	200000	USD
CY2016Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	205139	USD
CY2015Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	141266	USD
CY2016Q1	nete	Accrued Foreign Taxes AccruedForeignTaxes	283004	USD
CY2015Q4	nete	Accrued Foreign Taxes AccruedForeignTaxes	79691	USD
CY2016Q1	us-gaap	Finitelived Intangible Assets Acquired1 FinitelivedIntangibleAssetsAcquired1	392720	USD
CY2015Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	153702	USD
CY2015Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	315825	USD
CY2016Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	846737	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Rolling Year Three FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree	1549436	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Rolling Year Four FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour	619775	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Rolling Year Two FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo	1549436	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths	1251216	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Rolling Year Five FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive	0	USD
CY2016Q1	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	161262	USD
CY2016Q1	us-gaap	Depreciation Depreciation	7560	USD
CY2015Q1	us-gaap	Depreciation Depreciation	14995	USD
CY2016Q1	nete	Working Capital Deficit WorkingCapitalDeficit	4100000	USD
CY2016Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	8938900	shares
CY2015	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	14643688	shares
CY2016Q1	dei	Document Type DocumentType	10-Q
CY2016Q1	dei	Amendment Flag AmendmentFlag	false
CY2016Q1	dei	Document Period End Date DocumentPeriodEndDate	2016-03-31
CY2016Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
CY2016Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2016Q1	dei	Entity Registrant Name EntityRegistrantName	Net Element, Inc.
CY2016Q1	dei	Entity Central Index Key EntityCentralIndexKey	0001499961
CY2016Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2016Q1	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
CY2016Q1	dei	Trading Symbol TradingSymbol	NETE
CY2016Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	114252465	shares
CY2015Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2016Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2015Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	300000000	shares
CY2016Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	300000000	shares
CY2016Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	113168685	shares
CY2016Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	113168685	shares
CY2015Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	112619596	shares
CY2015Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	112619596	shares
CY2016Q1	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: 0in 0in 0pt" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><b><font style="FONT-SIZE: 10pt">Use of Estimates</font></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">The preparation of financial statements in conformity with U.S. GAAP 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.</font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt"> </font></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt" align="justify"><font style="FONT-SIZE: 10pt">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.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2016Q1	nete	Minimum Bid Price Closing Requirement Description MinimumBidPriceClosingRequirementDescription	We are required to continually meet the listing requirements of The NASDAQ Capital Market (including a minimum bid price for our common stock of $1.00 per share) to maintain the listing of our common stock on The NASDAQ Capital Market. On June 19, 2015, we received a deficiency letter from The NASDAQ Capital Market indicating that for 30 consecutive trading days our common stock had a closing bid price below the $1.00 per share minimum. In accordance with NASDAQ Listing Rules, we were provided a compliance period of 180 calendar days, or until December 16, 2015, to regain compliance with this requirement. On December 17, 2015, we received a letter from The NASDAQ Capital Market notifying us that the initial period of 180 calendar days previously provided to the Company to regain compliance with the requirement was extended for an additional 180 calendar day period, or until June 13, 2016. We can regain compliance with the minimum closing bid price requirement if the bid price of our Common Stock closes at $1.00 per share or higher for a minimum of 10 consecutive business days. If we do not regain compliance with the minimum closing bid price requirement by June 13, 2016, The NASDAQ Capital Market will provide written notice that our securities are subject to delisting. At such time, we would be entitled to appeal the delisting determination to a NASDAQ Listing Qualifications Panel. We have received Board and shareholder approval to facilitate a reverse stock split to increase the bid price of our common stock, if required. We cannot provide any assurance that our stock price will recover within the permitted grace period.
CY2016Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	4424761	USD
CY2015Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	5198993	USD
CY2016Q1	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	0	USD
CY2015	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	163129	USD
CY2016Q1	nete	Accured Pay Online Earnout Current AccuredPayOnlineEarnoutCurrent	470584	USD
CY2015Q4	nete	Accured Pay Online Earnout Current AccuredPayOnlineEarnoutCurrent	618500	USD
CY2016Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	570017	USD
CY2015Q1	us-gaap	Noncurrent Assets NoncurrentAssets	9231484	USD
CY2016Q1	us-gaap	Segment Reporting Disclosure Of Major Customers SegmentReportingDisclosureOfMajorCustomers	In April 2013, we purchased 80% of Aptito, a cloud based Software-as-a-Service (SaaS) restaurant management solution
CY2016Q1	us-gaap	Noncurrent Assets NoncurrentAssets	15154507	USD
CY2016Q1	us-gaap	Revenues Revenues	11261059	USD
CY2016Q1	us-gaap	Revenue Other Financial Services RevenueOtherFinancialServices	7852648	USD
CY2016Q1	us-gaap	Fees And Commissions FeesAndCommissions	1992757	USD
CY2016Q1	us-gaap	Financial Services Revenue FinancialServicesRevenue	1414907	USD
CY2015Q1	us-gaap	Revenues Revenues	5540207	USD
CY2015Q1	us-gaap	Revenue Other Financial Services RevenueOtherFinancialServices	5177179	USD
CY2015Q1	us-gaap	Fees And Commissions FeesAndCommissions	363028	USD
CY2015Q3	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	22100000	USD
CY2016Q1	nete	Warrants Expiration Term WarrantsExpirationTerm	P0Y
CY2016Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P4Y5M12D
CY2016Q1	us-gaap	Debt Instrument Face Amount DebtInstrumentFaceAmount	75000	USD
CY2016Q1	us-gaap	Repayments Of Related Party Debt RepaymentsOfRelatedPartyDebt	909985	USD
CY2016Q1	us-gaap	Deferred Revenue Period Increase Decrease DeferredRevenuePeriodIncreaseDecrease	-171908	USD
CY2015Q1	us-gaap	Deferred Revenue Period Increase Decrease DeferredRevenuePeriodIncreaseDecrease	-34858	USD
CY2015Q4	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	250000	USD
CY2016Q1	us-gaap	Business Acquisition Equity Interests Issued Or Issuable Number Of Shares Issued BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued	425650	shares
CY2016Q1	us-gaap	Concentration Risk Percentage1 ConcentrationRiskPercentage1	0.1	pure
CY2016Q1	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	103031	USD
CY2015Q4	us-gaap	Long Term Debt LongTermDebt	3965000	USD
CY2015Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	103031	USD
CY2015	us-gaap	Finite Lived Intangible Assets Period Increase Decrease FiniteLivedIntangibleAssetsPeriodIncreaseDecrease	1041214	USD
CY2014Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	2492051	USD
CY2015	us-gaap	Finitelived Intangible Assets Acquired1 FinitelivedIntangibleAssetsAcquired1	4325001	USD
CY2015	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2273635	USD
CY2015	nete	Finite Lived Intangible Assets Divested FiniteLivedIntangibleAssetsDivested	160750	USD
CY2016Q1	nete	Earn Out Liability EarnOutLiability	470584	USD
CY2016Q1	nete	Shares Pledged As Collateral SharesPledgedAsCollateral	125000	shares
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	3286545	shares
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	1022143	USD
CY2016Q1	us-gaap	Tax Credit Carryforward Limitations On Use TaxCreditCarryforwardLimitationsOnUse	IRC Section 382 imposes limitations on a corporation’s ability to use its NOLs when it undergoes an “ownership change.” Generally, an ownership change occurs if one or more shareholders, each of whom owns 5% or more in value of a corporation’s stock, increase their percentage ownership, in the aggregate, by more than 50% over the lowest percentage of stock owned by such shareholders at any time during the preceding three-year period. Because on June 10, 2014, we underwent an ownership change as defined by IRC Section 382, the limitation applies to us. The losses generated prior to the ownership change date (pre-change losses) are subject to the Section 382 limitation. The pre-change losses may only become available to be utilized by us at the rate of $2.4 million per year. Any unused losses can be carried forward, subject to their original carry forward limitation periods. In the year 2016, approximately $2.4 million in the pre-change losses will be released from the Section 382 loss limitation. We can still fully utilize the NOLs generated after the change of the ownership, which was approximately $1.1 million. In 2016, $2.4 million of the pre-change losses will be released. Thus, we expect the total of approximately $10.3 million as of March 31, 2016 is available to offset future taxable income.
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	0.28
CY2015	nete	Capitalization Of Customer Acquisition Cost CapitalizationOfCustomerAcquisitionCost	878085	USD

Files In Submission

Name	View Source	Status
0001144204-16-102556-index-headers.html	Edgar Link	pending
0001144204-16-102556-index.html	Edgar Link	pending
0001144204-16-102556.txt	Edgar Link	pending
0001144204-16-102556-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
nete-20160331.xml	Edgar Link	completed
nete-20160331.xsd	Edgar Link	pending
nete-20160331_cal.xml	Edgar Link	unprocessable
nete-20160331_def.xml	Edgar Link	unprocessable
nete-20160331_lab.xml	Edgar Link	unprocessable
nete-20160331_pre.xml	Edgar Link	unprocessable
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tlogo.jpg	Edgar Link	pending
v439117_10q.htm	Edgar Link	pending
v439117_ex31-1.htm	Edgar Link	pending
v439117_ex31-2.htm	Edgar Link	pending
v439117_ex32-1.htm	Edgar Link	pending

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$MULN
MULLEN AUTOMOTIVE INC. Stock $muln

2016 Q2 Form 10-Q Financial Statement

#000114420416102556 Filed on May 16, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MULN MULLEN AUTOMOTIVE INC. Stock $muln

2016 Q2 Form 10-Q Financial Statement

#000114420416102556 Filed on May 16, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MULN
MULLEN AUTOMOTIVE INC. Stock $muln