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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)        
Revenue from third parties $ 249,512 $ 43,707,937 $ 949,384 $ 362,628,296
Revenue from related party 2,854,178 0 43,554,178 0
Total revenue 3,103,690 43,707,937 44,503,562 362,628,296
Cost of revenue from third parties 243,360 42,844,876 750,290 115,729,433
Cost of revenue from related parties 0 0 466,894 244,110,132
Gross profit 2,860,330 863,061 43,286,378 2,788,731
Operating expenses:        
Selling, general and administrative expense 7,769,503 4,333,259 18,442,280 16,861,425
Research and development expense 0 667,416 0 1,393,025
Professional fees 1,388,842 1,927,431 3,918,461 3,280,729
Depreciation and amortization 806,481 291,512 1,420,480 314,737
Impairment of property and equipment 2,298,887 0 2,298,887 0
Total operating expense 12,263,713 7,219,618 26,080,108 21,849,916
Income (Loss) from operations (9,403,383) (6,356,557) 17,206,270 (19,061,185)
Interest and other income (expense):        
Interest expense, net (639,395) (145,610) (1,955,476) (201,782)
Equity in loss of equity method investees (40,369) (13,882) (606,390) (44,316)
Gain on disposal of subsidiaries 1,057,363 0 1,057,363 0
Loss on remeasurement of DBOT investment (3,178,702) 0 (3,178,702) 0
Other (99,997) (925,771) (155,946) (558,271)
Income (Loss) before income taxes and non-controlling interest (12,304,483) (7,441,820) 12,367,119 (19,865,554)
Income tax benefit 0 0 513,935 0
Net income (loss) (12,304,483) (7,441,820) 12,881,054 (19,865,554)
Net (income) loss attributable to non-controlling interest (1,407,384) 254,973 (1,374,193) 637,314
Net income (loss) attributable to IDEX common shareholders $ (13,711,867) $ (7,186,847) $ 11,506,861 $ (19,228,240)
Earnings (loss) per share        
Basic (in dollars per shares) $ (0.11) $ (0.10) $ 0.10 $ (0.27)
Diluted (in dollars per shares) $ (0.11) $ (0.10) $ 0.10 $ (0.27)
Weighted average shares outstanding:        
Basic (in shares) 127,609,748 74,063,495 113,964,933 71,574,303
Diluted (in shares) 127,609,748 74,063,495 118,319,893 71,574,303