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Acquisitions and Divestitures (Tables)
 6 Months Ended
Jun. 30, 2021
Business Combination and Asset Acquisition [Abstract]  
Schedule of assets acquired and liabilities assumed
The table below reflects the Company’s provisional estimates of the acquisition date fair values of the assets acquired and liabilities assumed for the 2021 Acquisitions (in thousands):
SolectracUS HybridTimiosWAVE
Purchase Price
Cash paid at closing, including working capital estimates$17,745 $30,139 $46,576 $15,000 
Fair value of previously held interest5,287 — 
Fair value of common stock— 20,877 — 32,377 
Fair value of contingent consideration1,639 — — 7,657 
Total purchase consideration$24,671 $51,016 $46,576 $55,034 
Purchase Price Allocation
Assets acquired
Current assets3,011 5,090 7,292 2,130 
Property, plant and equipment30 5 429 — 
Other assets45 52 49 — 
Intangible assets – tradename4,570 1,740 7,180 12,630 
Intangible assets – lender relationships— — 13,570 — 
Intangible assets - technology2,450 16,250 
Intangible assets – patents— — — 21,600 
Intangible assets – licenses— — 1,000 — 
Indefinite lived title plant— — 500 — 
Goodwill16,600 33,923 26,071 27,154 
Total assets acquired26,706 57,060 56,091 63,514 
Liabilities assumed:
Current liabilities(509)(2,083)(4,306)(3,778)
Deferred tax liability(1,526)(3,961)(5,209)(4,702)
Total liabilities assumed(2,035)(6,044)(9,515)(8,480)
Net assets acquired$24,671 $51,016 $46,576 $55,034 
The useful lives of the intangible assets acquired is as follows:

SolectracUS HybridTimiosWAVE
Intangible assets – tradename1071515
Intangible assets – lender relationships— — 7— 
Intangible assets – technology1013— — 
Intangible assets – patents— — — 20
Intangible assets – licenses— — 15— 
Weighted average useful life1012.41018.2
Schedule of estimated amortization expense related to intangible assets Estimated amortization expense related to these intangible assets for each of the years subsequent to June 30, 2021 is as follows (amounts in thousands):
2021 remaining$2,827 
20226,120 
20236,120 
20246,120 
20256,120 
2026 and beyond51,502 
Total$78,809 
The following table summarizes the expected amortization expense for the following years (in thousands):
Years ending December 31,Amortization to be
recognized
2021 (excluding the six months ended June 30, 2021)$3,296 
20226,592 
20236,592 
20246,585 
20256,577 
2026 and thereafter77,185 
Total$106,827 
Summary of unaudited pro forma financial information The unaudited pro forma results presented below include the effects of the Company’s acquisitions as if the acquisitions had occurred on January 1, 2020. The pro forma adjustments are based on historically reported transactions by the acquired companies. The pro forma results do not include any anticipated synergies or other expected benefits of the acquisitions. The unaudited pro forma financial information below is not necessarily indicative of either future results of operations or results that might have been achieved had the acquisitions occurred on January 1, 2020.
Three Months EndedSix Months Ended
June 30, 2021June 30, 2020June 30, 2021June 30, 2020
(Amounts in thousands, except per share and share data)
Total revenue$33,217 $27,074 $67,366 $42,290 
Net loss attributable to IDEX common shareholders(10,866)(24,397)(10,235)(36,455)
Earnings (loss) per share
Basic and Diluted$(0.02)$(0.12)$(0.02)$(0.19)
Weighted average shares outstanding
Basic and Diluted438,269,237 199,251,191 418,089,587 188,163,873