2024 Q3 Form 10-Q Financial Statement

#000143774924026065 Filed on August 12, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $65.24K
YoY Change -78.82%
Cost Of Revenue $36.01K
YoY Change -85.52%
Gross Profit $29.23K
YoY Change -50.74%
Gross Profit Margin 44.8%
Selling, General & Admin $44.37M
YoY Change 52.03%
% of Gross Profit 151807.23%
Research & Development $14.29M
YoY Change -35.29%
% of Gross Profit 48902.54%
Depreciation & Amortization $2.584M
YoY Change 53.76%
% of Gross Profit 8841.68%
Operating Expenses $14.29M
YoY Change -73.47%
Operating Profit -$61.77M
YoY Change 14.8%
Interest Expense -$29.89M
YoY Change -88.42%
% of Operating Profit
Other Income/Expense, Net -$29.86M
YoY Change -3712.93%
Pretax Income -$91.63M
YoY Change -70.53%
Income Tax $1.200K
% Of Pretax Income
Net Earnings -$87.36M
YoY Change -71.71%
Net Earnings / Revenue -133917.1%
Basic Earnings Per Share -$7.91
Diluted Earnings Per Share -$7.91
COMMON SHARES
Basic Shares Outstanding 40.14M 11.41M
Diluted Shares Outstanding 12.13M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.549M
YoY Change -98.34%
Cash & Equivalents $3.549M
Short-Term Investments
Other Short-Term Assets $26.17M
YoY Change -8.4%
Inventory $37.83M
Prepaid Expenses $3.333M
Receivables $0.00
Other Receivables $0.00
Total Short-Term Assets $67.56M
YoY Change -73.51%
LONG-TERM ASSETS
Property, Plant & Equipment $83.25M
YoY Change -9.26%
Goodwill $0.00
YoY Change -100.0%
Intangibles $27.94M
YoY Change -75.04%
Long-Term Investments
YoY Change
Other Assets $1.789M
YoY Change 77.05%
Total Long-Term Assets $124.8M
YoY Change -59.08%
TOTAL ASSETS
Total Short-Term Assets $67.56M
Total Long-Term Assets $124.8M
Total Assets $192.3M
YoY Change -65.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $29.25M
YoY Change 135.64%
Accrued Expenses $43.38M
YoY Change 417.31%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $2.732M
YoY Change -62.6%
Total Short-Term Liabilities $126.6M
YoY Change -33.39%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $12.78M
YoY Change 244.38%
Total Long-Term Liabilities $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $126.6M
Total Long-Term Liabilities $0.00
Total Liabilities $139.3M
YoY Change -33.06%
SHAREHOLDERS EQUITY
Retained Earnings -$2.143B
YoY Change 26.83%
Common Stock $16.06K
YoY Change -81.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $34.94M
YoY Change
Total Liabilities & Shareholders Equity $192.3M
YoY Change -65.65%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$87.36M
YoY Change -71.71%
Depreciation, Depletion And Amortization $2.584M
YoY Change 53.76%
Cash From Operating Activities -$36.71M
YoY Change -20.3%
INVESTING ACTIVITIES
Capital Expenditures $1.584M
YoY Change -84.21%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$1.584M
YoY Change -84.21%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 12.45M
YoY Change -93.67%
NET CHANGE
Cash From Operating Activities -36.71M
Cash From Investing Activities -1.584M
Cash From Financing Activities 12.45M
Net Change In Cash -25.84M
YoY Change -118.37%
FREE CASH FLOW
Cash From Operating Activities -$36.71M
Capital Expenditures $1.584M
Free Cash Flow -$38.29M
YoY Change -31.73%

Facts In Submission

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b><i><span style="text-decoration: underline; ">Use of Estimates</span></i></b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The preparation of our financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the dates of the consolidated financial statements and the reported amounts of total expenses in the reporting periods. Estimates are used for, but <em style="font: inherit;">not</em> limited to, cash flow projections and discount rates for the calculation of goodwill impairment, fair value, and impairment of long-lived assets, including intangible assets, inventory reserves, accrued expenses, fair value of financial instruments, depreciable lives of property and equipment, income taxes, contingencies, valuation of preferred stock and warrants. Additionally, the rates of interest on several debt agreements have been imputed where there was <em style="font: inherit;">no</em> stated interest rate within the original agreement. Management bases its estimates on historical experience and on various other assumptions believed to be reasonable, the results of which form the basis for carrying values of assets and liabilities and the recording of costs and expenses that are <em style="font: inherit;">not</em> readily apparent from other sources. The actual results <em style="font: inherit;"> may </em>differ materially from these estimates.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"></p>
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us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b><i><span style="text-decoration: underline; ">Concentrations of Credit Risk</span></i></b></p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">The Company maintains cash balances in several financial institutions that are insured by either the Federal Deposit Insurance Corporation or the National Credit Union Association up to certain federal limitations, generally <em style="font: inherit;">$250,000.</em> At times, our cash balance <em style="font: inherit;"> may </em>exceed these federal limitations. However, we have <em style="font: inherit;">not</em> experienced any losses in such accounts, and management believes we are <em style="font: inherit;">not</em> exposed to any significant credit risk on these accounts due to the high credit rating of relevant financial institutions. The amounts in excess of insured limits as of <em style="font: inherit;"> June 30, 2024</em> and <em style="font: inherit;"> September 30, 2023</em> are $3.0 million and $154.9 million, respectively.</p> <p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"> </p> <p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"></p>
CY2024Q2 us-gaap Cash Uninsured Amount
CashUninsuredAmount
3000000 usd
CY2023Q3 us-gaap Cash Uninsured Amount
CashUninsuredAmount
154900000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 pure
CY2024Q2 us-gaap Revenues
Revenues
65235 usd
us-gaap Revenues
Revenues
98570 usd
CY2024Q2 muln Income Loss From Continuing Operations Before Impairment Income Taxes Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeImpairmentIncomeTaxesNoncontrollingInterest
-91597353 usd
muln Income Loss From Continuing Operations Before Impairment Income Taxes Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeImpairmentIncomeTaxesNoncontrollingInterest
-225382773 usd
CY2024Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-91627413 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-330874340 usd
CY2024Q2 us-gaap Assets
Assets
192329766 usd
CY2023Q2 us-gaap Revenues
Revenues
308000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-310970169 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-807316026 usd
CY2023Q2 us-gaap Assets
Assets
559975518 usd
CY2024Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
21134725 usd
CY2023Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
13733385 usd
CY2024Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
6737094 usd
CY2023Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
3136590 usd
CY2024Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
300665 usd
CY2023Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
0 usd
CY2024Q2 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
9662400 usd
CY2023Q3 us-gaap Other Inventory Materials Supplies And Merchandise Under Consignment
OtherInventoryMaterialsSuppliesAndMerchandiseUnderConsignment
937322 usd
CY2024Q2 us-gaap Inventory Adjustments
InventoryAdjustments
-0 usd
CY2023Q3 us-gaap Inventory Adjustments
InventoryAdjustments
1000284 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
37834884 usd
CY2023Q3 us-gaap Inventory Net
InventoryNet
16807013 usd
muln Inventory Adjustments From Research And Development During Period
InventoryAdjustmentsFromResearchAndDevelopmentDuringPeriod
1000000 usd
CY2024Q2 us-gaap Goodwill
Goodwill
0 usd
CY2023Q3 us-gaap Goodwill
Goodwill
28846832 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
28846832 usd
CY2024Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
muln Derecognition Of Accumulated Depreciation
DerecognitionOfAccumulatedDepreciation
1057877 usd
CY2024Q2 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
34289100 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6349994 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
27939106 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3904240 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
45930637 usd
CY2023Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
58304612 usd
CY2024Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
0 usd
CY2024Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
0 usd
CY2023Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
58304612 usd
CY2023Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
58304612 usd
CY2024Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
34289100 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
6349994 usd
CY2024Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
27939106 usd
CY2023Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
108139489 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3904240 usd
CY2023Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
104235249 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
868642 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
3484113 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
3484113 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
3493695 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
3363505 usd
CY2024Q2 muln Finitelived Intangible Assets Amortization Expense After Year Four
FinitelivedIntangibleAssetsAmortizationExpenseAfterYearFour
13245038 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
27939106 usd
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
873476 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
3503631 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
913061 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4433035 usd
CY2024Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
5007305 usd
CY2024Q2 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
5007305 usd
CY2024Q2 us-gaap Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
-0 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
2732390 usd
CY2024Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
2732390 usd
CY2024Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
0 usd
CY2023Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
270189 usd
CY2023Q3 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
270189 usd
CY2023Q3 us-gaap Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
-0 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
7461492 usd
CY2023Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
7461492 usd
CY2023Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
0 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
7739695 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
0 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
0 usd
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
7739695 usd
CY2024Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1751479 usd
CY2023Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
1548723 usd
CY2024Q2 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
12500000 usd
CY2024Q2 muln Common Stock Shares Registered
CommonStockSharesRegistered
17800000
CY2022Q3 us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
35000000 usd
CY2022Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.4379
CY2022Q3 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
9853 usd
CY2024Q2 us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
12500000 usd
CY2023Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
64863309 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
2140496 usd
muln Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Recognitions Due To Convertible Instruments
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityRecognitionsDueToConvertibleInstruments
25861899 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
805135 usd
muln Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Conversion Of Derivatives
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityConversionOfDerivatives
71126401 usd
muln Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Derivatives Issued
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityDerivativesIssued
6985740 usd
CY2024Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
29530178 usd
CY2022Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
84799179 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Issues
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityIssues
499737254 usd
muln Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Derivative Liability Upon Authorized Shares Shortfall
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityDerivativeLiabilityUponAuthorizedSharesShortfall
11978166 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Gain Loss Included In Earnings
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings
89462559 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityTransfersNet
47818882 usd
muln Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Financing Loss Upon Over Issuance Of Shares From Warrants
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityFinancingLossUponOverIssuanceOfSharesFromWarrants
8934892 usd
muln Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Receivables Upon Over Issuance Of Shares From Warrants
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityReceivablesUponOverIssuanceOfSharesFromWarrants
17721868 usd
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Purchases Sales Issuances Settlements
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchasesSalesIssuancesSettlements
5378806 usd
muln Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Liability Conversion Of Warrants
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityConversionOfWarrants
509117758 usd
CY2023Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
150318472 usd
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
1750000000
CY2023Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
5000000000
CY2024Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
5000000000
CY2024Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
16058994
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
2871707
CY2022Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
500000000
CY2024Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
126263156
CY2024Q2 muln Number Of Vote Per Share
NumberOfVotePerShare
1000 pure
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-87360817 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-308858234 usd
us-gaap Net Income Loss
NetIncomeLoss
-281187675 usd
us-gaap Net Income Loss
NetIncomeLoss
-800047339 usd
CY2024Q2 muln Preferred Stock Dividends And Adjustments Income Statement Impact
PreferredStockDividendsAndAdjustmentsIncomeStatementImpact
23066 usd
CY2023Q2 muln Preferred Stock Dividends And Adjustments Income Statement Impact
PreferredStockDividendsAndAdjustmentsIncomeStatementImpact
13125 usd
muln Preferred Stock Dividends And Adjustments Income Statement Impact
PreferredStockDividendsAndAdjustmentsIncomeStatementImpact
66412 usd
muln Preferred Stock Dividends And Adjustments Income Statement Impact
PreferredStockDividendsAndAdjustmentsIncomeStatementImpact
-7387811 usd
CY2024Q2 muln Preferred Stock Redemption Premium Discount
PreferredStockRedemptionPremiumDiscount
-8604029 usd
CY2023Q2 muln Preferred Stock Redemption Premium Discount
PreferredStockRedemptionPremiumDiscount
0 usd
muln Preferred Stock Redemption Premium Discount
PreferredStockRedemptionPremiumDiscount
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muln Preferred Stock Redemption Premium Discount
PreferredStockRedemptionPremiumDiscount
0 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-95987912 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-308871359 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-289858116 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-792659528 usd
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-7.91
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1114.23
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-37.92
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-5544.35
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12134899
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
277205
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
7644049
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
142967
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
13564762 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10712004 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
29174038 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
71015371 usd
CY2024Q2 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
32781788 usd
CY2023Q3 us-gaap Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
29763627 usd
CY2024Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
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CY2023Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
2849346 usd
CY2024Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1852669 usd
CY2023Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
2406650 usd
CY2024Q2 us-gaap Interest Payable Current
InterestPayableCurrent
1751479 usd
CY2023Q3 us-gaap Interest Payable Current
InterestPayableCurrent
1548724 usd
CY2024Q2 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
652200 usd
CY2023Q3 us-gaap Contract With Customer Refund Liability Current
ContractWithCustomerRefundLiabilityCurrent
652200 usd
CY2024Q2 us-gaap Dividends Payable Current
DividendsPayableCurrent
468272 usd
CY2023Q3 us-gaap Dividends Payable Current
DividendsPayableCurrent
401859 usd
CY2024Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
330100 usd
CY2023Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
3988382 usd
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
43378664 usd
CY2023Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
41610788 usd
CY2024Q2 muln Liability To Issue Shares Current
LiabilityToIssueSharesCurrent
4400000 usd
CY2024Q2 muln Liability To Issue Shares Noncurrent
LiabilityToIssueSharesNoncurrent
400000 usd
CY2024Q2 muln Trading Volume Percent
TradingVolumePercent
0.20 pure
CY2024Q2 muln Common Stock Shares Percent Of Total Outstanding
CommonStockSharesPercentOfTotalOutstanding
0.0999 pure
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
102446000 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
86988028 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
19191336 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
4955243 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
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CY2024Q2 us-gaap Depreciation
Depreciation
2584157 usd
us-gaap Depreciation
Depreciation
14264452 usd
CY2023Q2 us-gaap Depreciation
Depreciation
1680595 usd
us-gaap Depreciation
Depreciation
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CY2024Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
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CY2023Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
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CY2024Q2 muln Prepaid Services
PrepaidServices
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CY2023Q3 muln Prepaid Services
PrepaidServices
6284441 usd
CY2024Q2 us-gaap Supplies
Supplies
12424986 usd
CY2023Q3 us-gaap Supplies
Supplies
5063965 usd
CY2024Q2 muln Customs Surety Bonds
CustomsSuretyBonds
2600000 usd
CY2023Q3 muln Customs Surety Bonds
CustomsSuretyBonds
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CY2024Q2 us-gaap Prepaid Advertising
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CY2023Q3 us-gaap Prepaid Advertising
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OtherPrepaidExpenseCurrent
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CY2024Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
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CY2023Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
24955223 usd
CY2024Q2 us-gaap Professional Fees
ProfessionalFees
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CY2023Q2 us-gaap Professional Fees
ProfessionalFees
5250063 usd
us-gaap Professional Fees
ProfessionalFees
45558985 usd
us-gaap Professional Fees
ProfessionalFees
51884123 usd
CY2024Q2 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
2552524 usd
CY2023Q2 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
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us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
16188946 usd
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
4746032 usd
CY2024Q2 muln Settlements And Penalties Expense
SettlementsAndPenaltiesExpense
6116450 usd
CY2023Q2 muln Settlements And Penalties Expense
SettlementsAndPenaltiesExpense
2327286 usd
muln Settlements And Penalties Expense
SettlementsAndPenaltiesExpense
14777522 usd
muln Settlements And Penalties Expense
SettlementsAndPenaltiesExpense
8592635 usd
CY2024Q2 us-gaap Depreciation Nonproduction
DepreciationNonproduction
2235199 usd
CY2023Q2 us-gaap Depreciation Nonproduction
DepreciationNonproduction
1680595 usd
us-gaap Depreciation Nonproduction
DepreciationNonproduction
13318147 usd
us-gaap Depreciation Nonproduction
DepreciationNonproduction
7050864 usd
CY2024Q2 us-gaap Adjustment For Amortization
AdjustmentForAmortization
873476 usd
CY2023Q2 us-gaap Adjustment For Amortization
AdjustmentForAmortization
913061 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
3503631 usd
us-gaap Adjustment For Amortization
AdjustmentForAmortization
4433035 usd
CY2024Q2 us-gaap Salaries And Wages
SalariesAndWages
5242229 usd
CY2023Q2 us-gaap Salaries And Wages
SalariesAndWages
15133141 usd
us-gaap Salaries And Wages
SalariesAndWages
14462043 usd
us-gaap Salaries And Wages
SalariesAndWages
52147116 usd
CY2024Q2 muln Utilities And Office Expense
UtilitiesAndOfficeExpense
1076999 usd
CY2023Q2 muln Utilities And Office Expense
UtilitiesAndOfficeExpense
996997 usd
muln Utilities And Office Expense
UtilitiesAndOfficeExpense
4139924 usd
muln Utilities And Office Expense
UtilitiesAndOfficeExpense
2064100 usd
CY2024Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
10331649 usd
CY2023Q2 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
1140917 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
12713521 usd
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
2759607 usd
CY2024Q2 muln Listing And Regulatory Fees
ListingAndRegulatoryFees
1047596 usd
CY2023Q2 muln Listing And Regulatory Fees
ListingAndRegulatoryFees
1415003 usd
muln Listing And Regulatory Fees
ListingAndRegulatoryFees
3175362 usd
muln Listing And Regulatory Fees
ListingAndRegulatoryFees
4150348 usd
CY2024Q2 muln Repairs And Maintenance Expense
RepairsAndMaintenanceExpense
405975 usd
CY2023Q2 muln Repairs And Maintenance Expense
RepairsAndMaintenanceExpense
302623 usd
muln Repairs And Maintenance Expense
RepairsAndMaintenanceExpense
1774935 usd
muln Repairs And Maintenance Expense
RepairsAndMaintenanceExpense
684920 usd
CY2024Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
382290 usd
CY2023Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
273234 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
1354916 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
1948288 usd
CY2024Q2 us-gaap Officers Compensation
OfficersCompensation
281984 usd
CY2023Q2 us-gaap Officers Compensation
OfficersCompensation
73759 usd
us-gaap Officers Compensation
OfficersCompensation
893895 usd
us-gaap Officers Compensation
OfficersCompensation
363825 usd
CY2024Q2 us-gaap Other General Expense
OtherGeneralExpense
2056213 usd
CY2023Q2 us-gaap Other General Expense
OtherGeneralExpense
1285370 usd
us-gaap Other General Expense
OtherGeneralExpense
6753294 usd
us-gaap Other General Expense
OtherGeneralExpense
3361268 usd
CY2024Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
47477377 usd
CY2023Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
31777812 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
138615121 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
144186161 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
54486237 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
51188991 usd
CY2024Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
14292744 usd
CY2023Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
22088011 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11787983 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
5249417 usd
CY2024Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2226906 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
2134494 usd
CY2024Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
12338011 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
3566922 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
14564917 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
5701416 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y2M23D
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y11M23D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.28 pure
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.28 pure
CY2024Q2 us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
30000 usd
us-gaap Operating Lease Impairment Loss
OperatingLeaseImpairmentLoss
3200000 usd
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1355952 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
330175 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
4292916 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
887294 usd
CY2024Q2 us-gaap Variable Lease Cost
VariableLeaseCost
100210 usd
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
85298 usd
us-gaap Variable Lease Cost
VariableLeaseCost
350533 usd
us-gaap Variable Lease Cost
VariableLeaseCost
147120 usd
CY2024Q2 us-gaap Sublease Income
SubleaseIncome
150413 usd
CY2023Q2 us-gaap Sublease Income
SubleaseIncome
108127 usd
us-gaap Sublease Income
SubleaseIncome
462363 usd
us-gaap Sublease Income
SubleaseIncome
201875 usd
CY2024Q2 us-gaap Lease Cost
LeaseCost
1305749 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
307346 usd
us-gaap Lease Cost
LeaseCost
4181086 usd
us-gaap Lease Cost
LeaseCost
832539 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6500102 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
5077875 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
5029859 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4830545 usd
CY2024Q2 muln Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
7352924 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
29736472 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
15171555 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
14564917 usd
CY2024Q2 muln Common Stock Shares Percent Of Total Outstanding
CommonStockSharesPercentOfTotalOutstanding
0.0999 pure
CY2024Q2 us-gaap Preferred Stock Redemption Discount
PreferredStockRedemptionDiscount
8600000 usd

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