XML 22 R2.htm IDEA: XBRL DOCUMENT v3.21.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 256,930 $ 165,764
Accounts receivable, net 4,494 7,400
Available-for-sale securities 58,441 0
Inventory 3,819 0
Prepaid expenses 23,384 2,629
Amount due from related parties 554 240
Other current assets 1,617 3,726
Held for sale assets (Fintech Village) 7,068 0
Total current assets 356,307 179,759
Property and equipment, net 1,627 330
Fintech Village 0 7,250
Intangible assets, net 74,246 29,705
Goodwill 111,458 1,165
Long-term investments 35,549 8,570
Operating lease right of use assets 8,759 155
Other non-current assets 7,933 7,478
Total assets 595,879 234,412
Current liabilities    
Accounts payable 6,943 5,057
Deferred revenue (including customer deposits of $3,527 and $31 as of September 30, 2021 and December 31, 2020, respectively) 4,464 1,129
Accrued salaries 5,487 1,750
Amount due to related parties 1,112 882
Other current liabilities 8,670 2,235
Current portion of operating lease liabilities 2,308 115
Current contingent consideration 2,775 1,325
Promissory note-short term 417 568
Asset retirement obligations 4,653 0
Redeemable non-controlling interest 7,832 0
Total current liabilities 44,661 13,061
Asset retirement obligations 0 4,653
Deferred tax liabilities 826 0
Operating lease liability-long term 6,479 19
Non-current contingent consideration 2,337 7,635
Other long-term liabilities 7,710 7,275
Total liabilities 62,013 32,643
Commitments and contingencies (Note 18)
Convertible redeemable preferred stock and Redeemable non-controlling interest:    
Series A - 7,000,000 shares issued and outstanding, liquidation and deemed liquidation preference of $3,500,000 as of September 30, 2021 and December 31, 2020 1,262 1,262
Redeemable non-controlling interest 0 7,485
Equity:    
Common stock - $0.001 par value; 1,500,000,000 shares authorized, 481,901,523 shares and 344,861,295 shares issued and outstanding as of September 30, 2021 and December 31, 2020, respectively 483 345
Additional paid-in capital 938,006 531,866
Accumulated deficit (411,409) (346,883)
Accumulated other comprehensive income 546 1,256
Total Ideanomics, Inc. shareholders' equity 527,626 186,584
Non-controlling interest 4,978 6,438
Total equity 532,604 193,022
Total liabilities, convertible redeemable preferred stock, redeemable non-controlling interest and equity $ 595,879 $ 234,412