$MULN
MULLEN AUTOMOTIVE INC. Stock $muln

$muln Overview Financials Valuation SEC Filings Company Website

2021 Q1 Form 10-Q Financial Statement

#000143774921012491 Filed on May 17, 2021

Income Statement

Concept	2021 Q1	2020 Q1
Revenue	$23.79M	$15.84M
YoY Change	50.14%	5.29%
Cost Of Revenue	$20.79M	$13.30M
YoY Change	56.28%	8.49%
Gross Profit	$2.999M	$2.542M
YoY Change	17.99%	-8.8%
Gross Profit Margin	12.61%	16.04%
Selling, General & Admin	$1.912M	$2.320M
YoY Change	-17.59%	-2.72%
% of Gross Profit	63.75%	91.27%
Research & Development	$538.3K	$80.00K
YoY Change	572.84%	100.0%
% of Gross Profit	17.95%	3.15%
Depreciation & Amortization	$735.7K	$779.4K
YoY Change	-5.61%	-8.43%
% of Gross Profit	24.53%	30.67%
Operating Expenses	$5.215M	$16.88M
YoY Change	-69.11%	6.5%
Operating Profit	-$5.215M	-$1.039M
YoY Change	402.04%	29.3%
Interest Expense	$356.3K	$348.4K
YoY Change	2.26%	42.18%
% of Operating Profit
Other Income/Expense, Net	$987.8K	$9.740K
YoY Change	10041.33%	-111.27%
Pretax Income	$290.4K	-$1.377M
YoY Change	-121.08%	21.38%
Income Tax
% Of Pretax Income
Net Earnings	-$9.298M	-$1.366M
YoY Change	580.55%	21.89%
Net Earnings / Revenue	-39.09%	-8.62%
Basic Earnings Per Share	-$1.81
Diluted Earnings Per Share	-$1.81	-$68.50
COMMON SHARES
Basic Shares Outstanding	5.136M	4.136M
Diluted Shares Outstanding	5.136M

Balance Sheet

Concept	2021 Q1	2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$4.103M	$600.0K
YoY Change	583.82%	20.0%
Cash & Equivalents	$4.103M	$606.7K
Short-Term Investments
Other Short-Term Assets	$1.246M	$1.300M
YoY Change	-4.17%	-7.14%
Inventory
Prepaid Expenses
Receivables	$8.918M	$4.022M
Other Receivables	$1.480M	$0.00
Total Short-Term Assets	$15.75M	$5.929M
YoY Change	165.61%	-15.76%
LONG-TERM ASSETS
Property, Plant & Equipment	$767.1K	$300.0K
YoY Change	155.68%	1272.81%
Goodwill	$7.681M	$7.681M
YoY Change	0.0%	-14.73%
Intangibles	$3.078M	$5.349M
YoY Change	-42.45%	-15.51%
Long-Term Investments
YoY Change
Other Assets	$1.017M	$654.9K
YoY Change	55.35%	0.02%
Total Long-Term Assets	$12.54M	$14.03M
YoY Change	-10.62%	-14.88%
TOTAL ASSETS
Total Short-Term Assets	$15.75M	$5.929M
Total Long-Term Assets	$12.54M	$14.03M
Total Assets	$28.29M	$19.96M
YoY Change	41.72%	-15.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$8.850M	$4.509M
YoY Change	96.26%	-14.94%
Accrued Expenses	$2.837M	$2.001M
YoY Change	41.77%	-27.32%
Deferred Revenue	$1.127M	$930.9K
YoY Change	21.01%	-4.29%
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$1.093M	$909.1K
YoY Change	20.26%	174.86%
Total Short-Term Liabilities	$14.23M	$8.528M
YoY Change	66.86%	-12.27%
LONG-TERM LIABILITIES
Long-Term Debt	$8.599M	$8.353M
YoY Change	2.95%	40.14%
Other Long-Term Liabilities	$660.6K	$200.0K
YoY Change	230.31%	-50.0%
Total Long-Term Liabilities	$8.599M	$8.353M
YoY Change	2.95%	40.14%
TOTAL LIABILITIES
Total Short-Term Liabilities	$14.23M	$8.528M
Total Long-Term Liabilities	$8.599M	$8.353M
Total Liabilities	$23.49M	$17.13M
YoY Change	37.14%	6.63%
SHAREHOLDERS EQUITY
Retained Earnings	-$184.4M	-$180.1M
YoY Change	2.37%	3.87%
Common Stock	$519.00	$412.00
YoY Change	25.97%	6.74%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$49.59M	$3.100M
YoY Change
Total Liabilities & Shareholders Equity	$28.29M	$19.96M
YoY Change	41.72%	-15.14%

Cashflow Statement

Concept	2021 Q1	2020 Q1
OPERATING ACTIVITIES
Net Income	-$9.298M	-$1.366M
YoY Change	580.55%	21.89%
Depreciation, Depletion And Amortization	$735.7K	$779.4K
YoY Change	-5.61%	-8.43%
Cash From Operating Activities	-$2.255M	$448.4K
YoY Change	-602.99%	-288.54%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities	$270.4K	-$420.0K
YoY Change	-164.39%	-35.38%
Cash From Investing Activities	$270.4K	-$421.0K
YoY Change	-164.24%	-60.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$0.00
YoY Change
Debt Paid & Issued, Net	$251.5K	$145.0K
YoY Change	73.43%	41.23%
Cash From Financing Activities	1.662M	112.0K
YoY Change	1384.69%	-43.17%
NET CHANGE
Cash From Operating Activities	-2.255M	448.4K
Cash From Investing Activities	270.4K	-421.0K
Cash From Financing Activities	1.662M	112.0K
Net Change In Cash	-342.7K	145.3K
YoY Change	-335.85%	-113.0%
FREE CASH FLOW
Cash From Operating Activities	-$2.255M	$448.4K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value
CY2021Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	3078168
CY2020Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	3595326
CY2021Q1	nete	Accrued Foreign Taxes AccruedForeignTaxes	-14084
CY2020Q4	nete	Accrued Foreign Taxes AccruedForeignTaxes	-12336
CY2021Q1	nete	Accrued Pay Online Current AccruedPayOnlineCurrent
CY2020Q4	nete	Accrued Pay Online Current AccruedPayOnlineCurrent	61719
CY2020Q1	nete	Adjustments To Additional Paid In Capital Sale Of Promissory Note AdjustmentsToAdditionalPaidInCapitalSaleOfPromissoryNote	5000
CY2015Q2	nete	Increase Decrease In Common Stock Shares Authorized IncreaseDecreaseInCommonStockSharesAuthorized	100000000
CY2017Q4	nete	Increase Decrease In Common Stock Shares Authorized IncreaseDecreaseInCommonStockSharesAuthorized	-300000000
CY2021Q1	nete	Increase Decrease Lease Liability IncreaseDecreaseLeaseLiability	-33618
CY2020Q1	nete	Increase Decrease Lease Liability IncreaseDecreaseLeaseLiability	-31950
CY2021Q1	nete	Longterm Debt Maturity After Year Three LongtermDebtMaturityAfterYearThree	167446
CY2021Q1	nete	Payments For Proceeds From Property Plant And Equipment And Other Assets PaymentsForProceedsFromPropertyPlantAndEquipmentAndOtherAssets	-418612
CY2020Q1	nete	Payments For Proceeds From Property Plant And Equipment And Other Assets PaymentsForProceedsFromPropertyPlantAndEquipmentAndOtherAssets	-6049
CY2020Q2	nete	Proceeds From Paycheck Protection Program Under Cares Act ProceedsFromPaycheckProtectionProgramUnderCaresAct	491493
CY2020Q1	nete	Sale Of Promissory Note Periodic Purchase Amount SaleOfPromissoryNotePeriodicPurchaseAmount	148000
CY2021Q1	nete	Shares Issued Sale Of Promissory Note Amount SharesIssuedSaleOfPromissoryNoteAmount	2000000
CY2021Q1	nete	Working Capital WorkingCapital	1500000
CY2021Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	8850045
CY2020Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	7171376
CY2021Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	8918185
CY2020Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	7109173
CY2021Q1	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	1777430
CY2020Q4	us-gaap	Accrued Bonuses Current AccruedBonusesCurrent	1690556
CY2021Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	2836955
CY2020Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	4604097
CY2021Q1	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	220140
CY2020Q4	us-gaap	Accrued Professional Fees Current AccruedProfessionalFeesCurrent	268435
CY2021Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-2240828
CY2020Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-2259410
CY2021Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	191711341
CY2020Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	189700103
CY2021Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	663000
CY2020Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	680000
CY2021Q1	us-gaap	Assets Assets	28290632
CY2020Q4	us-gaap	Assets Assets	26826730
CY2021Q1	us-gaap	Assets Current AssetsCurrent	15746830
CY2020Q4	us-gaap	Assets Current AssetsCurrent	13968158
CY2021Q1	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: inherit;">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: inherit;"> March 31, </div><div style="display: inline; font-style: italic; font: inherit;">2021</div> interim condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the "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: inherit;">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: inherit;">10</div>-K for the year ended <div style="display: inline; font-style: italic; font: inherit;"> December 31, 2020. </div>The results of operations for the periods presented are <div style="display: inline; font-style: italic; font: inherit;">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-top: 0pt; margin-bottom: 0pt;"> </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>
CY2021Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	4102887
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	4541013
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	4979288
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	5322011
CY2020Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	5322011
CY2019Q4	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	1116255
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	4979288
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations	1261569
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-342723
CY2020Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	145314
CY2021Q1	us-gaap	Cash Uninsured Amount CashUninsuredAmount	3100000
CY2020Q4	us-gaap	Cash Uninsured Amount CashUninsuredAmount	3700000
CY2021Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2020Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.0001
CY2021Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000
CY2020Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000
CY2015Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	300000000
CY2016Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	400000000
CY2017Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	100000000
CY2021Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	5198156
CY2020Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	4997349
CY2021Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	5198156
CY2020Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	4997349
CY2021Q1	us-gaap	Common Stock Value CommonStockValue	519
CY2020Q4	us-gaap	Common Stock Value CommonStockValue	499
CY2021Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	323145
CY2020Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-1235403
CY2021Q1	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	1126500
CY2020Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	1607329
CY2021Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	20786445
CY2020Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	13300805
CY2021Q1	us-gaap	Costs And Expenses CostsAndExpenses	24139909
CY2020Q1	us-gaap	Costs And Expenses CostsAndExpenses	16881337
CY2021Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	9845819
CY2020Q4	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	10082549
CY2021Q1	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	153777
CY2020Q4	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	138944
CY2021Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	735678
CY2020Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	779443
CY2021Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	735678
CY2020Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	779443
CY2021Q1	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	214778
CY2020Q4	us-gaap	Due To Related Parties Current DueToRelatedPartiesCurrent	216657
CY2021Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	0.05
CY2020Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.33
CY2021Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	-20120
CY2020Q1	us-gaap	Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	5969
CY2021Q1	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	11258
CY2020Q1	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	38400
CY2021Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	17607854
CY2020Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	16913379
CY2021Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Next Twelve Months FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths	741106
CY2021Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear	555830
CY2021Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	305303
CY2021Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	734822
CY2021Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	741106
CY2021Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	20671410
CY2020Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	20524925
CY2021Q1	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1	13500
CY2020Q1	us-gaap	Gain Loss On Disposition Of Assets1 GainLossOnDispositionOfAssets1
CY2021Q1	us-gaap	Goodwill Goodwill	7681186
CY2020Q4	us-gaap	Goodwill Goodwill	7681186
CY2021Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0
CY2020Q1	us-gaap	Goodwill Impairment Loss GoodwillImpairmentLoss	0
CY2021Q1	us-gaap	Impairment Of Intangible Assets Finitelived ImpairmentOfIntangibleAssetsFinitelived	0
CY2020Q1	us-gaap	Impairment Of Intangible Assets Finitelived ImpairmentOfIntangibleAssetsFinitelived	0
CY2021Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	290422
CY2020Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-1377444
CY2021Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit
CY2020Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit
CY2021Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	266559
CY2020Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	120544
CY2021Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	425421
CY2020Q1	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-1419019
CY2021Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	2075791
CY2020Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-2520395
CY2021Q1	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-480829
CY2020Q1	us-gaap	Increase Decrease In Contract With Customer Liability IncreaseDecreaseInContractWithCustomerLiability	-470205
CY2021Q1	us-gaap	Increase Decrease In Finance Receivables IncreaseDecreaseInFinanceReceivables	999975
CY2020Q1	us-gaap	Increase Decrease In Finance Receivables IncreaseDecreaseInFinanceReceivables
CY2021Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	162100
CY2020Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-364019
CY2021Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	3078168
CY2020Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	3595326
CY2021Q1	us-gaap	Interest Expense InterestExpense	356281
CY2020Q1	us-gaap	Interest Expense InterestExpense	348414
CY2021Q1	us-gaap	Interest Paid Net InterestPaidNet	1446640
CY2020Q1	us-gaap	Interest Paid Net InterestPaidNet	730993
CY2021Q1	us-gaap	Interest Payable Current InterestPayableCurrent	581042
CY2020Q4	us-gaap	Interest Payable Current InterestPayableCurrent	409525
CY2021Q1	us-gaap	Liabilities Current LiabilitiesCurrent	14228921
CY2020Q4	us-gaap	Liabilities Current LiabilitiesCurrent	15070450
CY2021Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	218882
CY2021Q1	us-gaap	Liabilities Liabilities	23488297
CY2020Q4	us-gaap	Liabilities Liabilities	24344658
CY2021Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	28290632
CY2020Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	26826730
CY2021Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	986858
CY2021Q1	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	230660
CY2021Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	129250
CY2021Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	222926
CY2021Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	231764
CY2021Q1	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	172258
CY2021Q1	us-gaap	Long Term Debt LongTermDebt	9692042
CY2020Q4	us-gaap	Long Term Debt LongTermDebt	9943605
CY2021Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	1093288
CY2020Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	1330018
CY2021Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	8574057
CY2021Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	5514
CY2021Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	5514
CY2021Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	1093288
CY2021Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	8598754
CY2020Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	8613587
CY2021Q1	us-gaap	Long Term Notes Payable LongTermNotesPayable	8598754
CY2020Q4	us-gaap	Long Term Notes Payable LongTermNotesPayable	8613587
CY2021Q1	us-gaap	Minority Interest MinorityInterest	-281193
CY2020Q4	us-gaap	Minority Interest MinorityInterest	-267053
CY2021Q1	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: inherit;">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. 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: inherit;">not</div>-present transactions, such as those conducted over the phone or through the Internet or a mobile device. We operate in <div style="display: inline; font-style: italic; font: inherit;">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-top: 0pt; margin-bottom: 0pt;"> </div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">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-top: 0pt; margin-bottom: 0pt;"> </div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">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: inherit;">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: inherit;">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 Esquire Bank, N.A. and Wells Fargo Bank, N.A. From time to time, we <div style="display: inline; font-style: italic; font: inherit;"> 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-top: 0pt; margin-bottom: 0pt;"> </div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">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: inherit;">one</div> click and other carrier billing services. 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, Western Europe, North America and Asia major sub regions. The PayOnline office is located in Moscow, Russia.</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">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-top: 0pt; margin-bottom: 0pt;"> </div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"></div></div>
CY2021Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	1662245
CY2020Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	111959
CY2021Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	270420
CY2020Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-420982
CY2021Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-2255268
CY2020Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	448368
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	304562
CY2020	us-gaap	Net Income Loss NetIncomeLoss	-5900000
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	-1366216
CY2021Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-14140
CY2020Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	-11228
CY2021Q1	us-gaap	Notes And Loans Receivable Gross Current NotesAndLoansReceivableGrossCurrent	1479975
CY2020Q4	us-gaap	Notes And Loans Receivable Gross Current NotesAndLoansReceivableGrossCurrent	480000
CY2021Q1	us-gaap	Notes Payable Current NotesPayableCurrent	1093288
CY2020Q4	us-gaap	Notes Payable Current NotesPayableCurrent	1330018
CY2021Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2
CY2021Q1	us-gaap	Open Tax Year OpenTaxYear	2017 2018 2019
CY2021Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-354563
CY2020Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-1038770
CY2021Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	767977
CY2021Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	107355
CY2020Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	140973
CY2021Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	660622
CY2020Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	660621
CY2021Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	767047
CY2020Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	801062
CY2021Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.12
CY2021Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P4Y
CY2021Q1	us-gaap	Operating Leases Future Minimum Payments Remainder Of Fiscal Year OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear	19000
CY2021Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	272427
CY2020Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	2186197
CY2021Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	1017401
CY2020Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	780998
CY2021Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	18583
CY2020Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	130813
CY2021Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	987766
CY2020Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	9740
CY2021Q1	us-gaap	Paid In Kind Interest PaidInKindInterest
CY2020Q1	us-gaap	Paid In Kind Interest PaidInKindInterest	12294
CY2020Q2	us-gaap	Payments For Proceeds From Deposit On Loan PaymentsForProceedsFromDepositOnLoan	159899
CY2021Q1	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	148192
CY2020Q1	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	427031
CY2021Q1	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2020Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.0001
CY2021Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000
CY2020Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000
CY2021Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0
CY2020Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0
CY2021Q1	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0
CY2020Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0
CY2021Q1	us-gaap	Preferred Stock Value PreferredStockValue
CY2020Q4	us-gaap	Preferred Stock Value PreferredStockValue
CY2021Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1245783
CY2020Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1837972
CY2021Q1	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	2000000
CY2020Q1	us-gaap	Proceeds From Issuance Of Secured Debt ProceedsFromIssuanceOfSecuredDebt	155206
CY2021Q1	us-gaap	Proceeds From Issuance Of Unsecured Debt ProceedsFromIssuanceOfUnsecuredDebt
CY2020Q1	us-gaap	Proceeds From Issuance Of Unsecured Debt ProceedsFromIssuanceOfUnsecuredDebt
CY2021Q1	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	-52590
CY2020Q1	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	133743
CY2021Q1	us-gaap	Profit Loss ProfitLoss	290422
CY2020Q1	us-gaap	Profit Loss ProfitLoss	-1377444
CY2021Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	648
CY2020Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	485
CY2021Q1	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	694678
CY2020Q1	us-gaap	Provision For Loan Lease And Other Losses ProvisionForLoanLeaseAndOtherLosses	442778
CY2021Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	251547
CY2020Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	145040
CY2021Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	876401
CY2020Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	780998
CY2021Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-184387504
CY2020Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-184692067
CY2021Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	23785346
CY2020Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	15842567
CY2021Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	1911850
CY2020Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	2319911
CY2021Q1	us-gaap	Share Based Compensation ShareBasedCompensation	11258
CY2020Q1	us-gaap	Share Based Compensation ShareBasedCompensation	38400
CY2021Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	200648
CY2021Q1	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	11258
CY2021Q1	us-gaap	Stock Issued1 StockIssued1	3822290
CY2020Q1	us-gaap	Stock Issued1 StockIssued1
CY2021Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	4802335
CY2020Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	200648
CY2020Q1	us-gaap	Stock Granted During Period Value Sharebased Compensation StockGrantedDuringPeriodValueSharebasedCompensation	45897
CY2020Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2482072
CY2019Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	4040659
CY2020Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	2834927
CY2021Q1	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="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="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: inherit;">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: inherit;">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; text-indent: 18pt;"><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; text-indent: 18pt;">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 0pt 0pt 18pt; text-align: justify; text-indent: 0pt;">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></div></div></div></div></div></div>
CY2021Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	5970583
CY2020Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	4117643

Files In Submission

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MULLEN AUTOMOTIVE INC. Stock $muln

2021 Q1 Form 10-Q Financial Statement

#000143774921012491 Filed on May 17, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MULN MULLEN AUTOMOTIVE INC. Stock $muln

2021 Q1 Form 10-Q Financial Statement

#000143774921012491 Filed on May 17, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MULN
MULLEN AUTOMOTIVE INC. Stock $muln