$MULN
MULLEN AUTOMOTIVE INC. Stock $muln

$muln Overview Financials Valuation SEC Filings Company Website

2019 Q3 Form 10-Q Financial Statement

#000143774919022780 Filed on November 14, 2019

Income Statement

Concept	2019 Q3	2018 Q3
Revenue	$16.82M	$17.24M
YoY Change	-2.45%	15.71%
Cost Of Revenue	$14.08M	$14.56M
YoY Change	-3.3%	14.11%
Gross Profit	$2.740M	$2.683M
YoY Change	2.14%	25.37%
Gross Profit Margin	16.29%	15.56%
Selling, General & Admin	$2.399M	$2.347M
YoY Change	2.21%	-0.46%
% of Gross Profit	87.53%	87.47%
Research & Development	$90.00K	$30.00K
YoY Change	200.0%
% of Gross Profit	3.28%	1.12%
Depreciation & Amortization	$750.0K	$460.0K
YoY Change	63.04%	5722.05%
% of Gross Profit	27.37%	17.15%
Operating Expenses	$17.67M	$18.00M
YoY Change	-1.84%	11.31%
Operating Profit	-$852.7K	-$761.6K
YoY Change	11.96%	-40.23%
Interest Expense	$270.0K	$215.9K
YoY Change	25.06%	-28.69%
% of Operating Profit
Other Income/Expense, Net	$83.34K	$41.51K
YoY Change	100.79%	-144.68%
Pretax Income	-$1.039M	-$936.1K
YoY Change	11.04%	-43.95%
Income Tax
% Of Pretax Income
Net Earnings	-$1.011M	-$910.4K
YoY Change	11.01%	-46.53%
Net Earnings / Revenue	-6.01%	-5.28%
Basic Earnings Per Share
Diluted Earnings Per Share	-$50.50	-$45.50
COMMON SHARES
Basic Shares Outstanding	4.118M
Diluted Shares Outstanding

Balance Sheet

Concept	2019 Q3	2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments	$500.0K	$2.600M
YoY Change	-80.77%	188.89%
Cash & Equivalents	$492.7K	$2.563M
Short-Term Investments
Other Short-Term Assets	$1.400M	$1.700M
YoY Change	-17.65%	0.0%
Inventory
Prepaid Expenses
Receivables	$5.545M	$4.971M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$7.405M	$9.213M
YoY Change	-19.62%	31.61%
LONG-TERM ASSETS
Property, Plant & Equipment	$9.550K	$34.27K
YoY Change	-72.13%	-65.73%
Goodwill	$9.008M	$9.644M
YoY Change	-6.59%
Intangibles	$5.951M	$5.354M
YoY Change	11.15%
Long-Term Investments
YoY Change
Other Assets	$655.7K	$603.1K
YoY Change	8.72%	20.62%
Total Long-Term Assets	$16.04M	$15.64M
YoY Change	2.56%	16.68%
TOTAL ASSETS
Total Short-Term Assets	$7.405M	$9.213M
Total Long-Term Assets	$16.04M	$15.64M
Total Assets	$23.44M	$24.85M
YoY Change	-5.66%	21.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$5.351M	$5.408M
YoY Change	-1.06%	-11.34%
Accrued Expenses	$1.638M	$2.247M
YoY Change	-27.13%	-33.91%
Deferred Revenue	$944.3K	$1.174M
YoY Change	-19.55%
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$114.2K	$484.5K
YoY Change	-76.44%	-3.69%
Total Short-Term Liabilities	$8.213M	$9.755M
YoY Change	-15.81%	-15.91%
LONG-TERM LIABILITIES
Long-Term Debt	$7.983M	$5.072M
YoY Change	57.38%	-26.35%
Other Long-Term Liabilities	$400.0K
YoY Change
Total Long-Term Liabilities	$7.983M	$5.072M
YoY Change	57.38%	-26.35%
TOTAL LIABILITIES
Total Short-Term Liabilities	$8.213M	$9.755M
Total Long-Term Liabilities	$7.983M	$5.072M
Total Liabilities	$16.58M	$14.83M
YoY Change	11.8%	-19.42%
SHAREHOLDERS EQUITY
Retained Earnings	-$176.0M	-$170.8M
YoY Change	3.03%
Common Stock	$411.00	$385.00
YoY Change	6.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$33.88M	$10.10M
YoY Change
Total Liabilities & Shareholders Equity	$23.44M	$24.85M
YoY Change	-5.66%	21.81%

Cashflow Statement

Concept	2019 Q3	2018 Q3
OPERATING ACTIVITIES
Net Income	-$1.011M	-$910.4K
YoY Change	11.01%	-46.53%
Depreciation, Depletion And Amortization	$750.0K	$460.0K
YoY Change	63.04%	5722.05%
Cash From Operating Activities	-$800.0K	-$380.0K
YoY Change	110.53%	-522.22%
INVESTING ACTIVITIES
Capital Expenditures	-$10.00K	$120.0K
YoY Change	-108.33%
Acquisitions
YoY Change
Other Investing Activities	-$410.0K	-$2.980M
YoY Change	-86.24%	484.31%
Cash From Investing Activities	-$410.0K	-$3.100M
YoY Change	-86.77%	507.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	860.0K	-500.0K
YoY Change	-272.0%	-725.0%
NET CHANGE
Cash From Operating Activities	-800.0K	-380.0K
Cash From Investing Activities	-410.0K	-3.100M
Cash From Financing Activities	860.0K	-500.0K
Net Change In Cash	-350.0K	-3.980M
YoY Change	-91.21%	1070.59%
FREE CASH FLOW
Cash From Operating Activities	-$800.0K	-$380.0K
Capital Expenditures	-$10.00K	$120.0K
Free Cash Flow	-$790.0K	-$500.0K
YoY Change	58.0%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
CY2019Q3	nete	Accrued Foreign Taxes AccruedForeignTaxes	13184
CY2018Q4	nete	Accrued Foreign Taxes AccruedForeignTaxes	-45952
CY2019Q3	nete	Accrued Pay Online Current AccruedPayOnlineCurrent
CY2018Q4	nete	Accrued Pay Online Current AccruedPayOnlineCurrent	1126273
CY2015Q3	nete	Increase Decrease In Common Stock Shares Authorized IncreaseDecreaseInCommonStockSharesAuthorized	100000000
CY2017Q4	nete	Increase Decrease In Common Stock Shares Authorized IncreaseDecreaseInCommonStockSharesAuthorized	-300000000
CY2016Q3	nete	Increase Decrease In Common Stock Shares Authorized IncreaseDecreaseInCommonStockSharesAuthorized	100000000
	nete	Increase Decrease Lease Liability IncreaseDecreaseLeaseLiability	-319288
	nete	Increase Decrease Lease Liability IncreaseDecreaseLeaseLiability
	nete	Reversal Of Accrued Liability ReversalOfAccruedLiability	153000
CY2019Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	5350538
CY2018Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	6368444
CY2019Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	5545309
CY2018Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	6290412
CY2019Q3	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	1643178
CY2018Q4	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	1157556
CY2019Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	1637549
CY2018Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	2535947
CY2019Q3	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent
CY2018Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	174915
CY2019Q3	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-2247888
CY2018Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-2232163
CY2019Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	185282062
CY2018Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	183246232
CY2019Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	697000
CY2018Q3	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	376000
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	2100000
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	1600000
CY2019Q3	us-gaap	Assets Assets	23441267
CY2018Q4	us-gaap	Assets Assets	25764014
CY2019Q3	us-gaap	Assets Current AssetsCurrent	7405048
CY2018Q4	us-gaap	Assets Current AssetsCurrent	9685114
	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> BASIS OF PRESENTATION</div></div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;"><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;">The accompanying <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> September 30, 2019 </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 Annual Report on Form <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div>-K for the year ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 31, 2018. </div>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>
CY2019Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	492656
CY2018Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1645481
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-8722565
CY2019Q3	us-gaap	Cash Uninsured Amount CashUninsuredAmount	171000
CY2019Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	1148358
CY2018Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2249551
CY2017Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	11285669
CY2018Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	2563104
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-1152826
CY2018Q4	us-gaap	Cash Uninsured Amount CashUninsuredAmount	600000
CY2019Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2018Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2019Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000
CY2018Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000
CY2015Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	300000000
CY2016Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	400000000
CY2017Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000
CY2019Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	4107798
CY2018Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	3863019
CY2019Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	4107798
CY2018Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	3863019
CY2019Q3	us-gaap	Common Stock Value CommonStockValue	411
CY2018Q4	us-gaap	Common Stock Value CommonStockValue	386
CY2019Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-1006254
CY2018Q3	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-764547
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-3684647
	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-3210144
CY2019Q3	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	944283
CY2018Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	1495849
CY2019Q3	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	14079241
CY2018Q3	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	14559808
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	40240754
	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	41992150
CY2019Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	1282877
CY2019Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	1429492
CY2019Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	1439489
CY2019Q3	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	8227481
CY2018Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	6512268
CY2019Q3	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	130591
CY2018Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	132774
CY2019Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	755985
CY2018Q3	us-gaap	Depreciation And Amortization DepreciationAndAmortization	463384
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	2354552
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	1829447
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	2354552
	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	1829447
CY2019Q3	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	135311
CY2018Q4	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	387814
CY2019Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.24
CY2018Q3	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.23
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.91
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.88
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-284
	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	15036
CY2019Q3	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	15008
CY2018Q3	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	22500
	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	2035855
	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	127011
CY2018	us-gaap	Finite Lived Intangible Asset Useful Life FiniteLivedIntangibleAssetUsefulLife
CY2019Q3	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	13532032
CY2018Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	11404732
CY2019Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	359872
CY2019Q3	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	1439489
CY2019Q3	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	19483251
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-2087416
CY2018Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	17846476
CY2019Q3	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	5951219
CY2018Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	6441743
CY2019Q3	us-gaap	Goodwill Goodwill	9007752
CY2018Q4	us-gaap	Goodwill Goodwill	9007752
CY2018	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	636000
	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0
	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill	0
	us-gaap	Impairment Of Intangible Assets Excluding Goodwill ImpairmentOfIntangibleAssetsExcludingGoodwill	0
CY2019Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1039411
CY2018Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-936068
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-3751895
	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-3492571
CY2019Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit
CY2018Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	120544
	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	44932
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-2488057
	us-gaap	Interest Expense InterestExpense	767676
	us-gaap	Interest Expense InterestExpense	694910
	us-gaap	Interest Paid Net InterestPaidNet	730993
	us-gaap	Interest Paid Net InterestPaidNet	645910
CY2019Q3	us-gaap	Interest Payable Current InterestPayableCurrent	119394
CY2018Q4	us-gaap	Interest Payable Current InterestPayableCurrent	108202
CY2018Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	6441743
CY2019Q3	us-gaap	Interest Expense InterestExpense	270041
CY2018Q3	us-gaap	Interest Expense InterestExpense	215935
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-741381
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-379601
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-551566
	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-536041
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-174721
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-457806
CY2019Q3	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	5951219
CY2019Q3	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	488036
CY2019Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	100478
CY2019Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	172248
CY2019Q3	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	172248
CY2019Q3	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	43062
CY2019Q3	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	76040
CY2019Q3	us-gaap	Liabilities Liabilities	16576567
CY2018Q4	us-gaap	Liabilities Liabilities	17167548
CY2019Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	23441267
CY2018Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	25764014
CY2019Q3	us-gaap	Liabilities Current LiabilitiesCurrent	8212851
CY2018Q4	us-gaap	Liabilities Current LiabilitiesCurrent	11221502
CY2019Q3	us-gaap	Line Of Credit Facility Remaining Borrowing Capacity LineOfCreditFacilityRemainingBorrowingCapacity	9300000
CY2019Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	1527209
CY2019Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	4776973
CY2019Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	1358258
CY2019Q3	us-gaap	Long Term Debt LongTermDebt	8096890
CY2018Q4	us-gaap	Long Term Debt LongTermDebt	6379494
CY2019Q3	us-gaap	Long Term Debt Current LongTermDebtCurrent	114160
CY2018Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	433448
CY2019Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Five LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive	450881
CY2019Q3	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	114160
CY2019Q3	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	7982730
CY2018Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	5946046
CY2019Q3	us-gaap	Long Term Notes Payable LongTermNotesPayable	7982730
CY2018Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	5946046
CY2019Q3	us-gaap	Minority Interest MinorityInterest	-208712
CY2018Q4	us-gaap	Minority Interest MinorityInterest	-125737
	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: justify;"><div style="display: inline; font-weight: bold;">NOTE <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2.</div> ORGANIZATION AND OPERATIONS</div></div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;"><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. We operate in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">two</div> reportable business operating segments: (i) North American Transaction Solutions, and (ii) International Transaction Solutions.</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;">We are able to deliver our services across multiple points of access, or “multi-channel,” including brick and mortar locations, software integration, e-commerce, mobile operator billing, mobile and tablet-based solutions. In the United States, via our U.S. based subsidiaries, we generate revenues from transactional services and other payment technologies for small and medium-sized businesses. Through PayOnline, we provide transactional services, mobile payment transactions, online payment transactions and other payment technologies in emerging countries in the Eurasian Economic Community ("EAEC"), Europe and Asia.</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;">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. We market and sell our services through both independent sales groups (“ISGs”), which are non-employee, external sales organizations and other <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">third</div>-party resellers of our products and services, and directly to merchants through electronic media, telemarketing and other programs, including utilizing partnerships with other companies that market products and services to local and international merchants. We have agreements with several banks that sponsor us for membership in the Visa <div style="display: inline; font-weight: bold;">®</div>, MasterCard <div style="display: inline; font-weight: bold;">®</div>, American Express <div style="display: inline; font-weight: bold;">®, </div>and Discover <div style="display: inline; font-weight: bold;">® </div>card associations and settle card transactions for our merchants. These sponsoring banks include Citizens Bank, Esquire Bank, N.A. and Wells Fargo Bank, N.A. From time to time, we <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> may </div>enter into agreements with additional banks. We perform core functions for merchants such as application processing, underwriting, account set-up, risk management, fraud detection, merchant assistance and support, equipment deployment and chargeback services.</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;">Our mobile solutions business, PayOnline, provides relationships and contracts with mobile operators that gives us the ability to offer our clients in-app, premium SMS (short message services, which is a text messaging service), Wireless Application Protocol (WAP)-click, <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">one</div> click and other carrier billing services. We also had marketed our own branded content as a separate line of business for our mobile commerce business from our office in Moscow, Russia. In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> August 2017, </div>we substantially reorganized this business, and combined its operations into PayOnline and TOT Group Russia. We are <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> generating revenues from new mobile content and we continue to explore partnership opportunities that can monetize our relationships and contracts with mobile operators. PayOnline provides flexible high- tech payment solutions to companies doing business on the Internet or in the mobile environment. PayOnline specializes in integration and customization of payment solutions for websites and mobile apps. In particular, PayOnline arranges payment on the website of any commercial organization, which increases the convenience of using the website and helps maximize the number of successful transactions. In addition, PayOnline is focused on providing online and mobile payment acceptance services to the travel industry through direct integration with leading Global Distribution Systems (“GDS”), which include Amadeus® and Sabre®. Key geographic regions that PayOnline serves include Eastern Europe, Central Asia, North America and Asia major sub regions. </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;">Also part of our transactional services business, Aptito is a proprietary, cloud-based payments platform for the hospitality industry, which creates an online consumer experience in offline commerce environments via tablet, mobile and all other cloud-connected devices. Aptito’s easy to use point-of-sale (“POS”) system makes things easier by providing a comprehensive solution to the hospitality industry to help streamline management and operations. Orders placed tableside by customers directly speed up the ordering process and improve overall efficiency. Aptito's mobile POS system provides portability to the staff while performing all the same functions as a traditional POS system.</div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;"> </div></div>
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	2381895
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-1497801
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-2086110
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-3966637
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-1448327
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-3273163
	us-gaap	Net Income Loss NetIncomeLoss	-3668921
	us-gaap	Net Income Loss NetIncomeLoss	-3424989
CY2019Q3	us-gaap	Net Income Loss NetIncomeLoss	-1010627
CY2018Q3	us-gaap	Net Income Loss NetIncomeLoss	-910414
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-82975
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-67582
CY2019Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-28784
CY2018Q3	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-25654
CY2019Q3	us-gaap	Notes Payable Current NotesPayableCurrent	114160
CY2018Q4	us-gaap	Notes Payable Current NotesPayableCurrent	433448
	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2
CY2019Q3	us-gaap	Operating Expenses OperatingExpenses	17672399
CY2018Q3	us-gaap	Operating Expenses OperatingExpenses	18004398
	us-gaap	Operating Expenses OperatingExpenses	52619759
	us-gaap	Operating Expenses OperatingExpenses	52852461
CY2019Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-852713
CY2018Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-761640
	us-gaap	Operating Income Loss OperatingIncomeLoss	-4265580
	us-gaap	Operating Income Loss OperatingIncomeLoss	-3162591
CY2019Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	471000
CY2019Q3	us-gaap	Operating Lease Liability OperatingLeaseLiability	411996
CY2019Q3	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	31010
CY2018Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent
CY2019Q3	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	380986
CY2018Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent
CY2019Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	471000
CY2019Q3	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	411996
CY2018Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset
CY2019Q3	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.12
CY2019Q3	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P2Y302D
CY2019Q3	us-gaap	Operating Leases Future Minimum Payments Remainder Of Fiscal Year OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear	19000
CY2019Q3	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	138207
CY2018Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	14953
CY2019Q3	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	655702
CY2018Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	604070
CY2019Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	4373
CY2018Q3	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	145867
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-15726
	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	214845
CY2018Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	39315
CY2018Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	29662
CY2019Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-14561
CY2019Q2	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-5537
CY2019Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	83343
CY2018Q3	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	41507
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1281361
	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	364930
	us-gaap	Paid In Kind Interest PaidInKindInterest	36683
	us-gaap	Paid In Kind Interest PaidInKindInterest	49000
	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	1622482
	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	3851596
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	463628
	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	115041
CY2019Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2018Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2019Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000
CY2018Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000
CY2019Q3	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0
CY2018Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0
CY2019Q3	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0
CY2018Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0
CY2019Q3	us-gaap	Preferred Stock Value PreferredStockValue
CY2018Q4	us-gaap	Preferred Stock Value PreferredStockValue
CY2019Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1367083
CY2018Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1749221
	us-gaap	Proceeds From Repayments Of Debt ProceedsFromRepaymentsOfDebt	2448680
	us-gaap	Proceeds From Repayments Of Debt ProceedsFromRepaymentsOfDebt	-1458536
	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	252503
	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	-39265
CY2019Q3	us-gaap	Profit Loss ProfitLoss	-1039411
CY2018Q3	us-gaap	Profit Loss ProfitLoss	-936068
	us-gaap	Profit Loss ProfitLoss	-3751895
	us-gaap	Profit Loss ProfitLoss	-3492571
CY2018Q1	us-gaap	Profit Loss ProfitLoss	-1583294
CY2018Q2	us-gaap	Profit Loss ProfitLoss	-973212
CY2019Q1	us-gaap	Profit Loss ProfitLoss	-1134813
CY2019Q2	us-gaap	Profit Loss ProfitLoss	-1577672
CY2019Q3	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	9550
CY2018Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	25335
CY2019Q3	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	423379
CY2018Q3	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	611897
	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	905877
	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	1611068
CY2019Q3	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	655702
CY2018Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	604070
CY2019Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-175961173
CY2018Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-172292252
CY2019Q3	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	16819686
CY2018Q3	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	17242758
	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	48354179
	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	49689870
CY2019Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	2398786
CY2018Q3	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	2346809
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	7082721
	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	7292785
	us-gaap	Share Based Compensation ShareBasedCompensation	2035855
	us-gaap	Share Based Compensation ShareBasedCompensation	127011
CY2019Q3	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	314218
CY2018Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	234218
CY2018Q1	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	82011
CY2018Q2	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	22500
CY2019Q1	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	15006
CY2019Q2	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	2005840
CY2019Q3	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	15008
CY2018Q1	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	50585
CY2019Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	6864700
CY2018Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	8596466
CY2017Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	13143528
CY2018Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	11732145
CY2018Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	10811095
CY2018Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	10020894
CY2019Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	7462098
CY2019Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	7884730
	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: justify;"><div style="display: inline; font-weight: bold;">Use of Estimates</div></div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;"><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;">The preparation of these consolidated financial statements requires us 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 consolidated financial statements and the reported amounts of revenues and expenses for the reporting period. Such estimates include, but are <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> limited to, the value of purchase consideration paid and identifiable assets acquired and assumed in acquisitions, amortization of intangible assets, goodwill and asset impairment review, 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, revenue recognition for multiple element arrangements, loss reserves, assumptions used in the calculation of equity-based compensation and in the calculation of income taxes, and certain tax assets and liabilities, as well as, the related valuation allowances. Actual results could differ from those estimates.</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;">Below is a summary of the Company’s critical accounting estimates for which the nature of management’s assumptions are material due to the levels of subjectivity and judgment necessary to account for highly uncertain matters or the susceptibility of such matters to change, and for which the impact of the estimates and assumptions on financial condition or operating performance is material.</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;"></div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;"><div style="display: inline; text-decoration: underline;"><div style="display: inline; font-style: italic;"><div style="display: inline; font-weight: bold;"></div></div></div></div><div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;"><div style="display: inline; text-decoration: underline;"><div style="display: inline; font-style: italic;"><div style="display: inline; font-weight: bold;">Goodwill</div></div></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 Company tests goodwill for impairment using a fair value approach at least annually, absent some triggering event that would require an interim impairment assessment.</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;">Significant estimates and assumptions are used in our goodwill impairment review and include the identification of reporting units, assigning assets and liabilities to reporting units, assigning goodwill to reporting units and determining the fair value of each reporting unit. Our assessment of qualitative factors involves significant judgments about expected future business performance, general market conditions, and regulatory changes. In a quantitative assessment, the fair value of each reporting unit is determined based largely on the present value of projected future cash flows, growth assumptions regarding discount rates, estimated growth rates and our future long-term business plans. Changes in any of these estimates or assumptions could materially affect the determination of fair value and the associated goodwill impairment charge for each reporting unit</div></div></div></div>
CY2019Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	4152433
CY2018Q3	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	3901218
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	4033521
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	3870134

Files In Submission

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2019 Q3 Form 10-Q Financial Statement

#000143774919022780 Filed on November 14, 2019

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$MULN MULLEN AUTOMOTIVE INC. Stock $muln

2019 Q3 Form 10-Q Financial Statement

#000143774919022780 Filed on November 14, 2019

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Files In Submission

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MULLEN AUTOMOTIVE INC. Stock $muln