$MULN
MULLEN AUTOMOTIVE INC. Stock $muln

$muln Overview Financials Valuation SEC Filings Company Website

2017 Q2 Form 10-Q Financial Statement

#000114420417043109 Filed on August 14, 2017

Income Statement

Concept	2017 Q2	2016 Q2
Revenue	$16.14M	$13.69M
YoY Change	17.87%	98.25%
Cost Of Revenue	$13.32M	$11.48M
YoY Change	15.98%	110.04%
Gross Profit	$2.820M	$2.208M
YoY Change	27.71%	53.43%
Gross Profit Margin	17.47%	16.13%
Selling, General & Admin	$3.590M	$4.140M
YoY Change	-13.29%	24.7%
% of Gross Profit	127.3%	187.5%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$573.0K	$844.5K
YoY Change	-32.15%	34.8%
% of Gross Profit	20.32%	38.25%
Operating Expenses	$4.160M	$16.47M
YoY Change	-74.74%	75.0%
Operating Profit	-$1.344M	-$2.776M
YoY Change	-51.58%	10.86%
Interest Expense	-$320.0K	-$440.0K
YoY Change	-27.27%	-159.46%
% of Operating Profit
Other Income/Expense, Net	-$50.00K	-$7.705K
YoY Change	548.93%	-9.36%
Pretax Income	-$1.715M	-$5.385M
YoY Change	-68.15%	203.43%
Income Tax	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$1.640M	-$5.346M
YoY Change	-69.32%	203.04%
Net Earnings / Revenue	-10.16%	-39.05%
Basic Earnings Per Share
Diluted Earnings Per Share	-$164.00	-$535.00
COMMON SHARES
Basic Shares Outstanding	17.63M shares	114.3M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2017 Q2	2016 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.300M	$600.0K
YoY Change	116.67%	-14.29%
Cash & Equivalents		$633.6K
Short-Term Investments
Other Short-Term Assets	$1.200M	$800.0K
YoY Change	50.0%	-86.44%
Inventory
Prepaid Expenses
Receivables	$6.007M	$5.828M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$8.500M	$7.300M
YoY Change	16.44%	-27.72%
LONG-TERM ASSETS
Property, Plant & Equipment	$100.0K	$142.4K
YoY Change	-29.78%	42.41%
Goodwill	$9.644M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$400.0K	$553.3K
YoY Change	-27.71%	84.43%
Total Long-Term Assets	$13.50M	$14.80M
YoY Change	-8.78%	-5.74%
TOTAL ASSETS
Total Short-Term Assets	$8.500M	$7.300M
Total Long-Term Assets	$13.50M	$14.80M
Total Assets	$22.00M	$22.10M
YoY Change	-0.45%	-14.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$7.500M	$6.075M
YoY Change	23.45%	89.85%
Accrued Expenses	$4.400M	$4.206M
YoY Change	4.62%	55.76%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change		-100.0%
Long-Term Debt Due	$984.7K	$384.2K
YoY Change	156.3%	-35.56%
Total Short-Term Liabilities	$13.70M	$11.30M
YoY Change	21.24%	3.67%
LONG-TERM LIABILITIES
Long-Term Debt	$6.254M	$3.824M
YoY Change	63.54%	4.86%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$6.254M	$3.824M
YoY Change	63.54%	4.86%
TOTAL LIABILITIES
Total Short-Term Liabilities	$13.70M	$11.30M
Total Long-Term Liabilities	$6.254M	$3.824M
Total Liabilities	$19.90M	$15.14M
YoY Change	31.4%	2.33%
SHAREHOLDERS EQUITY
Retained Earnings	-$161.6M
YoY Change
Common Stock		$160.1M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$2.000M	$6.900M
YoY Change
Total Liabilities & Shareholders Equity	$21.97M	$22.12M
YoY Change	-0.66%	-14.26%

Cashflow Statement

Concept	2017 Q2	2016 Q2
OPERATING ACTIVITIES
Net Income	-$1.640M	-$5.346M
YoY Change	-69.32%	203.04%
Depreciation, Depletion And Amortization	$573.0K	$844.5K
YoY Change	-32.15%	34.8%
Cash From Operating Activities	-$1.740M	-$520.0K
YoY Change	234.62%	-77.39%
INVESTING ACTIVITIES
Capital Expenditures		-$190.0K
YoY Change		-416.67%
Acquisitions
YoY Change
Other Investing Activities	-$390.0K	-$740.0K
YoY Change	-47.3%	-78.86%
Cash From Investing Activities	-$390.0K	-$560.0K
YoY Change	-30.36%	-84.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	2.620M	1.140M
YoY Change	129.82%	-79.12%
NET CHANGE
Cash From Operating Activities	-1.740M	-520.0K
Cash From Investing Activities	-390.0K	-560.0K
Cash From Financing Activities	2.620M	1.140M
Net Change In Cash	490.0K	60.00K
YoY Change	716.67%	-115.38%
FREE CASH FLOW
Cash From Operating Activities	-$1.740M	-$520.0K
Capital Expenditures		-$190.0K
Free Cash Flow		-$330.0K
YoY Change		-86.02%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2017Q2	us-gaap	Accounts Receivable Net AccountsReceivableNet	6007143	USD
CY2016Q4	us-gaap	Liabilities Current LiabilitiesCurrent	15492888	USD
CY2016Q4	us-gaap	Common Stock Value CommonStockValue	1535	USD
CY2016Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	163918685	USD
CY2017Q2	nete	Cash Fdic Insured Amount Cash Noninterest Bearing Transaction Accounts CashFdicInsuredAmountCashNoninterestBearingTransactionAccounts	250000	USD
CY2017Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1975435	USD
CY2017Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	21973740	USD
CY2017Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	3308229	USD
CY2016Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	844535	USD
CY2017Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-1343947	USD
CY2017Q2	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	573018	USD
CY2016Q2	us-gaap	Operating Expenses OperatingExpenses	16468546	USD
CY2016Q2	us-gaap	Financing Receivable Allowance For Credit Losses Period Increase Decrease FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease	125238	USD
CY2016Q2	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-438976	USD
CY2017Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-1786442	USD
CY2016Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-7705	USD
CY2016Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
CY2016Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-496041	USD
CY2016Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-5842489	USD
CY2016Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	11635434	shares
CY2017Q2	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1715421	USD
CY2016Q2	us-gaap	Profit Loss ProfitLoss	-5385240	USD
CY2017Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-75081	USD
CY2017Q2	us-gaap	Net Income Loss NetIncomeLoss	-1640340	USD
CY2017Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.09
CY2017Q2	us-gaap	Profit Loss ProfitLoss	-1715421	USD
CY2017Q2	us-gaap	Technology Services Revenue TechnologyServicesRevenue	15456310	USD
CY2017Q2	us-gaap	Sales Revenue Services Gross SalesRevenueServicesGross	684731	USD
CY2017Q2	us-gaap	Technology Services Costs TechnologyServicesCosts	12653556	USD
CY2017Q2	us-gaap	Other Cost Of Services OtherCostOfServices	664836	USD
CY2017Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	128537	USD
CY2017Q2	us-gaap	Cash Uninsured Amount CashUninsuredAmount	453572	USD
CY2016Q4	us-gaap	Cash Uninsured Amount CashUninsuredAmount	498308	USD
	nete	Terminals Acquired Amount Net Held With Merchants TerminalsAcquiredAmountNetHeldWithMerchants	397933	USD
	nete	Terminals Acquired Amount Net TerminalsAcquiredAmountNet	406822	USD
CY2017Q2	us-gaap	Accrued Sales Commission Current AccruedSalesCommissionCurrent	940222	USD
CY2016Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-38792	USD
CY2017Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-2620615	USD
CY2017Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-161570423	USD
CY2016Q4	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	299004	USD
CY2017Q2	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	366636	USD
CY2016Q4	us-gaap	Notes Payable Current NotesPayableCurrent	808976	USD
CY2017Q2	us-gaap	Notes Payable Current NotesPayableCurrent	984720	USD
CY2017Q2	us-gaap	Goodwill Goodwill	9643752	USD
CY2017Q2	us-gaap	Minority Interest MinorityInterest	-55404	USD
CY2016Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q2	us-gaap	Net Income Loss NetIncomeLoss	-5346448	USD
CY2016Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.46
CY2016Q2	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	2014589	USD
CY2016	nete	Terminals Acquired Amount Net TerminalsAcquiredAmountNet	311206	USD
CY2016	nete	Terminals Acquired Amount Net Held With Merchants TerminalsAcquiredAmountNetHeldWithMerchants	308582	USD
CY2016Q4	us-gaap	Accrued Sales Commission Current AccruedSalesCommissionCurrent	1347352	USD
CY2017Q2	us-gaap	Deferred Sales Commission DeferredSalesCommission	298761	USD
CY2016Q4	us-gaap	Deferred Sales Commission DeferredSalesCommission	863604	USD
CY2017Q2	nete	Working Capital Deficit WorkingCapitalDeficit	5200000	USD
CY2016Q4	nete	Working Capital Deficit WorkingCapitalDeficit	6300000	USD
CY2017Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	6007143	USD
CY2016Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	7126429	USD
CY2016	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	500000	USD
CY2017Q2	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	254466	USD
CY2016Q4	us-gaap	Accumulated Depreciation Depletion And Amortization Property Plant And Equipment AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment	236948	USD
CY2017Q2	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	357705	USD
CY2016Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	354243	USD
CY2017Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths	675687	USD
CY2017Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Rolling Year Two FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo	1111820	USD
CY2017Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Rolling Year Three FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree	1111821	USD
CY2017Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Rolling Year Four FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFour	408901	USD
CY2017Q2	us-gaap	Finite Lived Intangible Assets Amortization Expense Rolling Year Five FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearFive	0	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1230381	USD
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1732653	USD
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1122998	USD
	nete	Terminals Amortization Amount Net TerminalsAmortizationAmountNet	84864	USD
	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	45591	USD
CY2016	us-gaap	Costs Incurred Development Costs CostsIncurredDevelopmentCosts	102689	USD
CY2017Q2	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	317033	USD
CY2016Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	220140	USD
CY2017Q2	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	1179563	USD
CY2016Q4	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	774485	USD
CY2017Q2	us-gaap	Short Term Bank Loans And Notes Payable ShortTermBankLoansAndNotesPayable	55714	USD
CY2016Q4	us-gaap	Short Term Bank Loans And Notes Payable ShortTermBankLoansAndNotesPayable	174376	USD
CY2017Q2	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	33437	USD
CY2016Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	69783	USD
CY2017Q2	nete	Accrued Foreign Taxes AccruedForeignTaxes	177516	USD
CY2016Q4	nete	Accrued Foreign Taxes AccruedForeignTaxes	131810	USD
CY2017Q2	nete	Accrued Pay Online Current AccruedPayOnlineCurrent	2509256	USD
CY2016Q4	nete	Accrued Pay Online Current AccruedPayOnlineCurrent	3784451	USD
CY2017Q2	us-gaap	Interest Payable Current InterestPayableCurrent	165082	USD
CY2016Q4	us-gaap	Interest Payable Current InterestPayableCurrent	183778	USD
CY2017Q2	nete	Accrued Franchise Taxes AccruedFranchiseTaxes	0	USD
CY2016Q4	nete	Accrued Franchise Taxes AccruedFranchiseTaxes	180000	USD
CY2016Q4	nete	Accrued Pay Online Earnout Current AccruedPayOnlineEarnoutCurrent	300000	USD
CY2016	nete	Provision For Stock Price Guarantee ProvisionForStockPriceGuarantee	2000000	USD
CY2016Q4	nete	Accrued Pay Online Merchant Reserve Liabilities Current AccruedPayOnlineMerchantReserveLiabilitiesCurrent	1400000	USD
CY2017Q2	nete	Accrued Pay Online Earnout Current AccruedPayOnlineEarnoutCurrent	1100000	USD
	nete	Provision For Stock Price Guarantee ProvisionForStockPriceGuarantee	1400000	USD
	us-gaap	Fees And Commissions FeesAndCommissions	3472379	USD
	us-gaap	Revenue Other Financial Services RevenueOtherFinancialServices	28362086	USD
	us-gaap	Fees And Commissions FeesAndCommissions	1340896	USD
	us-gaap	Revenue Other Financial Services RevenueOtherFinancialServices	21481528	USD
CY2017Q1	us-gaap	Debt Instrument Periodic Payment Principal DebtInstrumentPeriodicPaymentPrincipal	348083	USD
CY2017Q1	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	3481	USD
CY2017Q1	us-gaap	Debt Instrument Interest Rate During Period DebtInstrumentInterestRateDuringPeriod	0.12	pure
CY2017Q1	us-gaap	Debt Instrument Periodic Payment Interest DebtInstrumentPeriodicPaymentInterest	5000000	USD
CY2016	nete	Increase In Common Stock Shares Authorized IncreaseInCommonStockSharesAuthorized	100000000	shares
CY2015Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	300000000	shares
CY2016Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	400000000	shares
CY2017Q2	us-gaap	Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1 ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1	75.00
CY2017Q2	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	24600000	USD
CY2015Q2	us-gaap	Payments To Acquire Businesses Gross PaymentsToAcquireBusinessesGross	3600000	USD
CY2017Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	1247229	USD
CY2017Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	1057929	USD
CY2016Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2017Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2016Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	400000000	shares
CY2017Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	400000000	shares
CY2017Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	17968317	shares
CY2017Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	17968317	shares
CY2016Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	15353494	shares
CY2016Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	15353494	shares
	us-gaap	Technology Services Revenue TechnologyServicesRevenue	28362086	USD
	us-gaap	Technology Services Revenue TechnologyServicesRevenue	21481528	USD
	us-gaap	Sales Revenue Services Gross SalesRevenueServicesGross	1340896	USD
	us-gaap	Sales Revenue Services Gross SalesRevenueServicesGross	3472379	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	29702982	USD
	us-gaap	Sales Revenue Net SalesRevenueNet	24953907	USD
	us-gaap	Technology Services Costs TechnologyServicesCosts	23475543	USD
	us-gaap	Technology Services Costs TechnologyServicesCosts	17602087	USD
	us-gaap	Other Cost Of Services OtherCostOfServices	1302841	USD
	us-gaap	Other Cost Of Services OtherCostOfServices	3267947	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	5430338	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	4087624	USD
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	724941	USD
	us-gaap	Allocated Share Based Compensation Expense AllocatedShareBasedCompensationExpense	2375573	USD
	us-gaap	Financing Receivable Allowance For Credit Losses Period Increase Decrease FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease	1145621	USD
	us-gaap	Financing Receivable Allowance For Credit Losses Period Increase Decrease FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease	376979	USD
	us-gaap	Operating Expenses OperatingExpenses	33309665	USD
	us-gaap	Operating Expenses OperatingExpenses	29442863	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-3606683	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-4488956	USD
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-591740	USD
	us-gaap	Interest Income Expense Net InterestIncomeExpenseNet	-589414	USD
CY2017Q2	us-gaap	Gain Or Loss On Sale Of Stock In Subsidiary GainOrLossOnSaleOfStockInSubsidiary	0	USD
CY2016Q2	us-gaap	Gain Or Loss On Sale Of Stock In Subsidiary GainOrLossOnSaleOfStockInSubsidiary	-2162861	USD
	us-gaap	Gain Or Loss On Sale Of Stock In Subsidiary GainOrLossOnSaleOfStockInSubsidiary	0	USD
	us-gaap	Gain Or Loss On Sale Of Stock In Subsidiary GainOrLossOnSaleOfStockInSubsidiary	-2162861	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-55196	USD
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-29604	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-4253619	USD
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-7270835	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	USD
	us-gaap	Profit Loss ProfitLoss	-4253619	USD
	us-gaap	Profit Loss ProfitLoss	-7270835	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-125782	USD
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-76668	USD
	us-gaap	Net Income Loss NetIncomeLoss	-4127837	USD
	us-gaap	Net Income Loss NetIncomeLoss	-7194167	USD
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-133999	USD
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-525782	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-4261836	USD
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-7719949	USD
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.24
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.63
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	17099145	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	11464434	shares
	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: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif"> <b>Use of Estimates</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">The preparation of condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (“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. </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif">  </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Significant estimates include (i) the valuation of acquired merchant portfolios, (ii) collectability of accounts receivable, (iii) the recoverability of long lived and indeterminate-lived assets, (iv) the remaining useful lives of tangible long-lived assets, and (v) 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> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<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: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"><b>Reclassifications</b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif" align="justify">Certain reclassifications have been made to the comparative period amounts to conform to our current period presentation. These reclassifications had no impact on previously presented financial condition or results of operations.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
	us-gaap	Property Plant And Equipment Depreciation Methods PropertyPlantAndEquipmentDepreciationMethods	straight-line basis
	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 November 14, 2016, the bid price of our common stock fell below $1.00 and stayed below $1.00 for 30 consecutive business days. On December 28, 2016, we received a letter from Nasdaq providing us 180 days (until June 26, 2017) to regain compliance. The Company did not regain compliance and received a delisting notice from Nasdaq on June 27, 2017. The Nasdaq Listing Qualifications Staff determined that the Company had not regained compliance with the $1.00 per share minimum bid price requirement of the Nasdaq Listing Rules as of June 26, 2017. Further, the Company is not eligible for an extension of such period due to the value of the Companys stockholders equity (as reported by the Company in its quarterly report on Form 10-Q filed with the with the Commission on May 15, 2017) being less than the minimum $5 million stockholders equity listing requirement for The Nasdaq Capital Market. We filed an appeal to the delisting with Nasdaq on July 5, 2017 and subsequently presented our appeal at a hearing with Nasdaq on August 10, 2017. We are currently awaiting the decision of the Nasdaq appeals board, which we expect to receive in August 2017
CY2017Q2	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	143945	USD
CY2016Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	139601	USD
CY2017Q2	us-gaap	Long Term Debt LongTermDebt	7238233	USD
CY2016Q4	us-gaap	Long Term Debt LongTermDebt	4424758	USD
CY2016Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	3615782	USD
	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
	nete	Payonline Acquisition Agreement Description PayonlineAcquisitionAgreementDescription	an aggregate of $2,288,667 plus 10% per annum interest accrued from May 20, 2016 in installments pursuant to the payment schedule set forth in the settlement agreement.
CY2016Q4	nete	Refundable Merchant Deposit Reserves RefundableMerchantDepositReserves	1433475	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	2375573	USD
	us-gaap	Deferred Revenue Period Increase Decrease DeferredRevenuePeriodIncreaseDecrease	-916898	USD
	us-gaap	Deferred Revenue Period Increase Decrease DeferredRevenuePeriodIncreaseDecrease	-417887	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	1230381	USD
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	1732652	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-1845161	USD
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	1876961	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-1466736	USD
	us-gaap	Interest Expense InterestExpense	94248	USD
	us-gaap	Interest Expense InterestExpense	297434	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-1913135	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	331566	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-284661	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-270932	USD
	nete	Net Income Loss Attributable To Noncontrolling Interest Including Foreign Curreny Adjustment NetIncomeLossAttributableToNoncontrollingInterestIncludingForeignCurrenyAdjustment	-125782	USD
	nete	Net Income Loss Attributable To Noncontrolling Interest Including Foreign Curreny Adjustment NetIncomeLossAttributableToNoncontrollingInterestIncludingForeignCurrenyAdjustment	-76668	USD
	us-gaap	Share Based Compensation ShareBasedCompensation	596404	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-2703954	USD
	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	966147	USD
	us-gaap	Payments To Acquire Other Investments PaymentsToAcquireOtherInvestments	741514	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-955560	USD
	us-gaap	Net Cash Provided By Used In Investing Activities Continuing Operations NetCashProvidedByUsedInInvestingActivitiesContinuingOperations	-785724	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	1437132	USD
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
	us-gaap	Proceeds From Other Debt ProceedsFromOtherDebt	3298792	USD
	us-gaap	Proceeds From Other Debt ProceedsFromOtherDebt	1215000	USD
	us-gaap	Repayments Of Other Debt RepaymentsOfOtherDebt	624918	USD
	us-gaap	Repayments Of Other Debt RepaymentsOfOtherDebt	0	USD
	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	0	USD
	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	910045	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	4111006	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	2125045	USD
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	31316	USD
	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-94905	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	652644	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-392156	USD
CY2015Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1025747	USD
CY2016Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	633591	USD
	us-gaap	Interest Paid InterestPaid	397548	USD
	us-gaap	Interest Paid InterestPaid	589414	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	64314	USD
	us-gaap	Income Taxes Paid IncomeTaxesPaid	94718	USD
	us-gaap	Stock Issued1 StockIssued1	0	USD
	us-gaap	Stock Issued1 StockIssued1	1042509	USD
	nete	Shares Issued For Redemption Of Indebtedness SharesIssuedForRedemptionOfIndebtedness	971871	USD
	nete	Shares Issued In Settlement Of Advances From Board SharesIssuedInSettlementOfAdvancesFromBoard	0	USD
	nete	Shares Issued In Settlement Of Advances From Board SharesIssuedInSettlementOfAdvancesFromBoard	909285	USD
CY2016Q4	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	603031	USD
	us-gaap	Depreciation Depreciation	17518	USD
CY2017Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	550380	USD
	us-gaap	Revenues Revenues	29702982	USD
CY2016Q2	us-gaap	Depreciation Depreciation	11954	USD
	us-gaap	Depreciation Depreciation	19523	USD
CY2015Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	5423880	USD
CY2016Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	3589850	USD
CY2016	us-gaap	Finitelived Intangible Assets Acquired1 FinitelivedIntangibleAssetsAcquired1	1422592	USD
CY2017Q2	us-gaap	Finitelived Intangible Assets Acquired1 FinitelivedIntangibleAssetsAcquired1	403300	USD
CY2016	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	3256622	USD
CY2017Q1	us-gaap	Finitelived Intangible Assets Acquired1 FinitelivedIntangibleAssetsAcquired1	449176	USD
CY2017Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	572618	USD
	us-gaap	Tax Credit Carryforward Limitations On Use TaxCreditCarryforwardLimitationsOnUse	IRC Section 382 imposes limitations on a corporations 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 corporations 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 2017, approximately $2.4 million in the pre-change losses was released from the Section 382 loss limitation. We can still fully utilize the NOLs generated after the change of the ownership, which was approximately $13.3 million. Thus, we expect the total of approximately $17.4 million as of June 30, 2017 is available to offset future taxable income.
CY2017Q2	nete	Terminals Amortization Amount Net TerminalsAmortizationAmountNet	38323	USD
CY2016Q2	nete	Terminals Amortization Amount Net TerminalsAmortizationAmountNet	35285	USD
CY2017Q2	us-gaap	Allowance For Doubtful Accounts Receivable AllowanceForDoubtfulAccountsReceivable	795925	USD
	us-gaap	Revenues Revenues	24953907	USD
CY2017Q2	nete	Finite Lived Intangible Assets Divested FiniteLivedIntangibleAssetsDivested	11099	USD
CY2017Q2	us-gaap	Long Term Debt Current LongTermDebtCurrent	984720	USD
CY2017Q2	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	6253513	USD
CY2017Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	984720	USD
CY2017Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	2404409	USD
CY2017Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	1687891	USD
CY2017Q2	us-gaap	Depreciation Depreciation	-15685	USD
	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	192895	USD
CY2017Q2	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	795925	USD
CY2016Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	603031	USD
	us-gaap	Provision For Other Credit Losses ProvisionForOtherCreditLosses	192895	USD
	us-gaap	Provision For Other Credit Losses ProvisionForOtherCreditLosses	0	USD
CY2017Q2	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2016Q4	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2017Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	3466408	USD
CY2017Q1	us-gaap	Debt Instrument Face Amount DebtInstrumentFaceAmount	290954	USD
	us-gaap	Debt Instrument Periodic Payment DebtInstrumentPeriodicPayment	124607	USD
	us-gaap	Payments For Proceeds From Productive Assets PaymentsForProceedsFromProductiveAssets	-180423	USD
	us-gaap	Payments For Proceeds From Productive Assets PaymentsForProceedsFromProductiveAssets	214046	USD

Files In Submission

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0001144204-17-043109-index-headers.html	Edgar Link	pending
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0001144204-17-043109.txt	Edgar Link	pending
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FilingSummary.xml	Edgar Link	unprocessable
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logo.jpg	Edgar Link	pending
nete-20170630.xml	Edgar Link	completed
nete-20170630.xsd	Edgar Link	pending
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v472432_ex31-1.htm	Edgar Link	pending
v472432_ex31-2.htm	Edgar Link	pending
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MULLEN AUTOMOTIVE INC. Stock $muln

2017 Q2 Form 10-Q Financial Statement

#000114420417043109 Filed on August 14, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MULN MULLEN AUTOMOTIVE INC. Stock $muln

2017 Q2 Form 10-Q Financial Statement

#000114420417043109 Filed on August 14, 2017

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MULN
MULLEN AUTOMOTIVE INC. Stock $muln