$MULN
MULLEN AUTOMOTIVE INC. Stock $muln

$muln Overview Financials Valuation SEC Filings Company Website

2018 Q4 Form 10-Q Financial Statement

#000143774918020718 Filed on November 14, 2018

Income Statement

Concept	2018 Q4	2018 Q3	2017 Q3
Revenue	$16.10M	$17.24M	$14.90M
YoY Change	4.14%	15.71%	6.36%
Cost Of Revenue	$13.63M	$14.56M	$12.76M
YoY Change	-0.51%	14.11%	9.1%
Gross Profit	$2.470M	$2.683M	$2.140M
YoY Change	40.34%	25.37%	-7.54%
Gross Profit Margin	15.34%	15.56%	14.36%
Selling, General & Admin	$2.960M	$2.347M	$2.358M
YoY Change	-38.33%	-0.46%	-28.98%
% of Gross Profit	119.84%	87.47%	110.17%
Research & Development	$30.00K	$30.00K
YoY Change
% of Gross Profit	1.21%	1.12%
Depreciation & Amortization	$620.0K	$460.0K	$7.901K
YoY Change	-7.46%	5722.05%	-98.97%
% of Gross Profit	25.1%	17.15%	0.37%
Operating Expenses	$3.610M	$18.00M	$16.18M
YoY Change	-34.12%	11.31%	2.51%
Operating Profit	-$1.140M	-$761.6K	-$1.274M
YoY Change	-69.35%	-40.23%	-27.97%
Interest Expense	-$150.0K	$215.9K	$302.8K
YoY Change	-50.0%	-28.69%	-149.64%
% of Operating Profit
Other Income/Expense, Net	$430.0K	$41.51K	-$92.90K
YoY Change	-577.78%	-144.68%	-121.42%
Pretax Income	-$1.530M	-$936.1K	-$1.670M
YoY Change	-62.68%	-43.95%	-52.33%
Income Tax	$0.00
% Of Pretax Income
Net Earnings	-$1.510M	-$910.4K	-$1.703M
YoY Change	-62.99%	-46.53%	-50.93%
Net Earnings / Revenue	-9.38%	-5.28%	-11.43%
Basic Earnings Per Share
Diluted Earnings Per Share	-$75.50	-$45.50	-$170.00
COMMON SHARES
Basic Shares Outstanding	3.863M
Diluted Shares Outstanding

Balance Sheet

Concept	2018 Q4	2018 Q3	2017 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$1.600M	$2.600M	$900.0K
YoY Change	-85.84%	188.89%	-35.71%
Cash & Equivalents	$1.645M	$2.563M	$922.1K
Short-Term Investments
Other Short-Term Assets	$1.700M	$1.700M	$1.700M
YoY Change	-26.09%	0.0%	21.43%
Inventory
Prepaid Expenses
Receivables	$6.290M	$4.971M	$4.446M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$9.685M	$9.213M	$7.000M
YoY Change	-49.14%	31.61%	-19.33%
LONG-TERM ASSETS
Property, Plant & Equipment	$25.34K	$34.27K	$100.0K
YoY Change	-56.52%	-65.73%	-22.16%
Goodwill	$9.008M	$9.644M
YoY Change	-6.59%
Intangibles	$6.442M	$5.354M
YoY Change	105.95%
Long-Term Investments
YoY Change
Other Assets	$604.1K	$603.1K	$500.0K
YoY Change	31.17%	20.62%	-36.94%
Total Long-Term Assets	$16.08M	$15.64M	$13.40M
YoY Change	20.98%	16.68%	-8.96%
TOTAL ASSETS
Total Short-Term Assets	$9.685M	$9.213M	$7.000M
Total Long-Term Assets	$16.08M	$15.64M	$13.40M
Total Assets	$25.76M	$24.85M	$20.40M
YoY Change	-20.31%	21.81%	-12.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$6.368M	$5.408M	$6.100M
YoY Change	-6.15%	-11.34%	7.02%
Accrued Expenses	$2.536M	$2.247M	$3.400M
YoY Change	-21.06%	-33.91%	-39.88%
Deferred Revenue	$1.496M	$1.174M
YoY Change	-12.66%
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$433.4K	$484.5K	$503.0K
YoY Change	-82.62%	-3.69%	240.87%
Total Short-Term Liabilities	$11.22M	$9.755M	$11.60M
YoY Change	-23.49%	-15.91%	-9.23%
LONG-TERM LIABILITIES
Long-Term Debt	$5.946M	$5.072M	$6.887M
YoY Change	31.51%	-26.35%	70.18%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities	$5.946M	$5.072M	$6.887M
YoY Change	31.51%	-26.35%	70.18%
TOTAL LIABILITIES
Total Short-Term Liabilities	$11.22M	$9.755M	$11.60M
Total Long-Term Liabilities	$5.946M	$5.072M	$6.887M
Total Liabilities	$17.17M	$14.83M	$18.40M
YoY Change	-10.53%	-19.42%	9.35%
SHAREHOLDERS EQUITY
Retained Earnings	-$172.3M	-$170.8M
YoY Change	2.95%
Common Stock	$386.00	$385.00
YoY Change	-100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$8.700M	$10.10M	$2.000M
YoY Change
Total Liabilities & Shareholders Equity	$25.76M	$24.85M	$20.40M
YoY Change	-20.31%	21.81%	-12.8%

Cashflow Statement

Concept	2018 Q4	2018 Q3	2017 Q3
OPERATING ACTIVITIES
Net Income	-$1.510M	-$910.4K	-$1.703M
YoY Change	-62.99%	-46.53%	-50.93%
Depreciation, Depletion And Amortization	$620.0K	$460.0K	$7.901K
YoY Change	-7.46%	5722.05%	-98.97%
Cash From Operating Activities	$0.00	-$380.0K	$90.00K
YoY Change	-100.0%	-522.22%	-77.5%
INVESTING ACTIVITIES
Capital Expenditures	-$10.00K	$120.0K
YoY Change	-110.0%
Acquisitions
YoY Change
Other Investing Activities	-$1.560M	-$2.980M	-$510.0K
YoY Change	254.55%	484.31%	-168.92%
Cash From Investing Activities	-$1.560M	-$3.100M	-$510.0K
YoY Change	188.89%	507.84%	30.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	850.0K	-500.0K	80.00K
YoY Change	-93.64%	-725.0%	-85.45%
NET CHANGE
Cash From Operating Activities	0.000	-380.0K	90.00K
Cash From Investing Activities	-1.560M	-3.100M	-510.0K
Cash From Financing Activities	850.0K	-500.0K	80.00K
Net Change In Cash	-710.0K	-3.980M	-340.0K
YoY Change	-106.85%	1070.59%	-160.71%
FREE CASH FLOW
Cash From Operating Activities	$0.00	-$380.0K	$90.00K
Capital Expenditures	-$10.00K	$120.0K
Free Cash Flow	$10.00K	-$500.0K
YoY Change	-100.39%

Facts In Submission

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CY2018Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	3863019
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2018
	dei	Document Period End Date DocumentPeriodEndDate	2018-09-30
	dei	Document Type DocumentType	10-Q
	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
	dei	Entity Small Business EntitySmallBusiness	true
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CY2018Q3	nete	Inventory Of Pos Terminals InventoryOfPOSTerminals	539000
CY2017Q4	nete	Inventory Of Pos Terminals InventoryOfPOSTerminals	507000
CY2018Q3	nete	Pos Terminals Placed With Merchants POSTerminalsPlacedWithMerchants	531000
CY2017Q4	nete	Pos Terminals Placed With Merchants POSTerminalsPlacedWithMerchants	501000
	nete	Warrants And Rights Outstanding Remaining Contractual Term WarrantsAndRightsOutstandingRemainingContractualTerm	P4Y91D
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CY2017Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	6785459
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CY2017Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	5472856
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CY2018Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-2315394
CY2017Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-2530238
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CY2017Q4	us-gaap	Assets Assets	32331430
CY2018Q3	us-gaap	Assets Current AssetsCurrent	9212893
CY2017Q4	us-gaap	Assets Current AssetsCurrent	19041139
	us-gaap	Basis Of Accounting BasisOfAccounting	<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><div style="display: inline; font-weight: bold;">NOTE <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1.</div></div> <div style="display: inline; font-weight: bold;">BASIS OF PRESENTATION</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"> </div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">The accompanying <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> September </div><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">30,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018</div> interim condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and note disclosures normally included in the annual financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been condensed or omitted pursuant to those rules and regulations, but we believe the disclosures made are adequate to make the information presented <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> misleading. In the opinion of management, all adjustments, consisting of normal and recurring adjustments, necessary for a fair presentation have been included in the condensed consolidated financial statements included herein. These statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in our <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2017</div> Annual Report on Form <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div>-K. The results of operations for the periods presented are <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> necessarily indicative of results to be expected for the full fiscal year or any other periods.</div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;"> </div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">The condensed consolidated unaudited financial statements contained in this report include the accounts of Net Element, Inc., and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.</div></div>
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CY2017Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2018Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000
CY2017Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000
CY2018Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0
CY2017Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0
	us-gaap	Nature Of Operations NatureOfOperations	<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-weight: bold;">NOTE <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2.</div> BUSINESS OPERATIONS AND LIQUIDITY</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-weight: bold;"> </div></div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">Net Element, Inc. (collectively with its subsidiaries, “Net Element”, “we”, “us”, “our” or the “Company”) is a financial technology-driven group specializing in payment acceptance and value-added solutions across multiple channels in the United States and selected international markets. We are differentiated by our proprietary technology which enables us to provide a broad suite of payment products and end-to-end transaction processing services. Our transactional services business enables merchants to accept credit cards as well as other forms of payment, including debit cards, checks, gift cards, loyalty programs and alternative payment methods in traditional card-present or swipe transactions, as well as card-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div>-present transactions, such as those conducted over the phone or through the Internet or a mobile device. During the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">nine</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> September 30, 2018, </div>we operated in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">two</div> </div>reportable business operating segments: (i) North American Transaction Solutions, and (ii) International Transaction Solutions. In the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">fourth</div> quarter of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2017,</div> we combined our online and mobile payments operations into <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">one</div> segment, International Transaction Solutions. Prior to that we had operated in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> segments.</div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;"> </div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">The Company expects to fund its operating cash needs for the next <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">twelve</div> months, including debt service requirements, operating expenses in the normal course of business, capital expenditures, and possible future acquisitions, with cash flow from its operating activities, potential sales of equity securities, and current and future borrowings.</div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;"> </div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">To fund our operating cash needs, we <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> may </div>need to raise additional capital through loans or additional sales of equity securities. The Company continues to investigate the capital markets for sources of funding, which could take the form of additional debt, the restructuring of our current debt, or additional equity financings. The Company cannot provide any assurance that it will be successful in securing new financing or restructuring its current debt or that it will secure such future financing with commercially acceptable terms. If the Company is unable to raise additional capital, it <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> may </div>need to delay certain technology capital improvements, limit its planned level of capital expenditures and future growth plans, or explore other alternatives.<div style="display: inline; font-weight: bold; font-size: 10pt;"> </div></div></div>
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1497801
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	4193358
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-3966637
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1303231
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-3273163
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-2609164
	us-gaap	Net Income Loss NetIncomeLoss	-3424989
	us-gaap	Net Income Loss NetIncomeLoss	-5830373
CY2018Q3	us-gaap	Net Income Loss NetIncomeLoss	-910414
CY2017Q3	us-gaap	Net Income Loss NetIncomeLoss	-1702536
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-67582
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-93175
CY2018Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-25654
CY2017Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	32607
CY2018Q3	us-gaap	Notes Payable Current NotesPayableCurrent	484490
CY2017Q4	us-gaap	Notes Payable Current NotesPayableCurrent	2493973
CY2018Q3	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	3
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2
CY2018Q3	us-gaap	Operating Expenses OperatingExpenses	18004398
CY2017Q3	us-gaap	Operating Expenses OperatingExpenses	16175343
	us-gaap	Operating Expenses OperatingExpenses	52852461
	us-gaap	Operating Expenses OperatingExpenses	49485009
CY2018Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-761640
CY2017Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-1274212
	us-gaap	Operating Income Loss OperatingIncomeLoss	-3162591
	us-gaap	Operating Income Loss OperatingIncomeLoss	-4880896
CY2018Q3	us-gaap	Operating Leases Future Minimum Payments Due OperatingLeasesFutureMinimumPaymentsDue	678509
CY2018Q3	us-gaap	Operating Leases Future Minimum Payments Due In Five Years OperatingLeasesFutureMinimumPaymentsDueInFiveYears	100478
CY2018Q3	us-gaap	Operating Leases Future Minimum Payments Due In Four Years OperatingLeasesFutureMinimumPaymentsDueInFourYears	172248
CY2018Q3	us-gaap	Operating Leases Future Minimum Payments Due In Three Years OperatingLeasesFutureMinimumPaymentsDueInThreeYears	172248
CY2018Q3	us-gaap	Operating Leases Future Minimum Payments Due In Two Years OperatingLeasesFutureMinimumPaymentsDueInTwoYears	184398
CY2018Q3	us-gaap	Operating Leases Future Minimum Payments Remainder Of Fiscal Year OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear	49137
CY2018Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	603110
CY2017Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	460511
CY2018Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	145867
CY2017Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	92191
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	214845
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-41809
CY2018Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	41507
CY2018Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0
CY2017Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0
CY2018Q3	us-gaap	Preferred Stock Value PreferredStockValue
CY2017Q4	us-gaap	Preferred Stock Value PreferredStockValue
CY2018Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1679092
CY2017Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	2282614
	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; text-decoration: underline;"><div style="display: inline; font-weight: bold;">Reclassifications</div></div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">Certain reclassifications of prior year amounts have been made to conform to the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018</div> presentation. These reclassifications had <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> effect on net loss or loss per share as previously reported.</div></div></div></div>
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock
	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	1150098
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt
	us-gaap	Proceeds From Issuance Of Long Term Debt ProceedsFromIssuanceOfLongTermDebt	3239033
	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	-39265
	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	77587
CY2018Q3	us-gaap	Profit Loss ProfitLoss	-936068
CY2017Q3	us-gaap	Profit Loss ProfitLoss	-1669929
	us-gaap	Profit Loss ProfitLoss	-3492571
	us-gaap	Profit Loss ProfitLoss	-5923548
CY2018Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	34267
CY2017Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	58268
CY2018Q3	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	611897
CY2017Q3	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	319690
	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	1611068
	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	1465311
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	1458536
	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	273360
CY2018Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-170781062
CY2017Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-167356070
CY2018Q3	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	17242758
CY2017Q3	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	14901131
	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	49689870
	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	44604113
CY2018Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	2346809
CY2017Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	2357729
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	7292785
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	7788068
	us-gaap	Share Based Compensation ShareBasedCompensation	127011
	us-gaap	Share Based Compensation ShareBasedCompensation	836218
CY2018Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	234218
CY2017Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	234218
CY2018Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	10020893
CY2017Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	13143528
	us-gaap	Use Of Estimates UseOfEstimates	<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; text-decoration: underline;"><div style="display: inline; font-weight: bold;">Use of Estimates</div></div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">The preparation of these financial statements requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the condensed consolidated unaudited financial statements and the reported amounts of revenues and expenses for the reporting period. Significant estimates include valuation reserves for accounts receivable, valuation of acquired or current merchant portfolios, incurred but <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> reported claims, and the valuation of goodwill and other intangible assets. We believe that our estimates are reasonable. Actual results could differ from those estimates.</div></div></div></div>
CY2018Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	3901218
CY2017Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	1891023
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	3870134
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	1770947

Files In Submission

Name	View Source	Status
0001437749-18-020718-index-headers.html	Edgar Link	pending
0001437749-18-020718-index.html	Edgar Link	pending
0001437749-18-020718.txt	Edgar Link	pending
0001437749-18-020718-xbrl.zip	Edgar Link	pending
ex_128265.htm	Edgar Link	pending
ex_128266.htm	Edgar Link	pending
ex_129451.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
nel.jpg	Edgar Link	pending
nete-20180930.xml	Edgar Link	completed
nete-20180930.xsd	Edgar Link	pending
nete-20180930_cal.xml	Edgar Link	unprocessable
nete-20180930_def.xml	Edgar Link	unprocessable
nete-20180930_lab.xml	Edgar Link	unprocessable
nete-20180930_pre.xml	Edgar Link	unprocessable
nete20180930_10q.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
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R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
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2018 Q4 Form 10-Q Financial Statement

#000143774918020718 Filed on November 14, 2018

Income Statement

Balance Sheet

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Facts In Submission

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$MULN MULLEN AUTOMOTIVE INC. Stock $muln

2018 Q4 Form 10-Q Financial Statement

#000143774918020718 Filed on November 14, 2018

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

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MULLEN AUTOMOTIVE INC. Stock $muln