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Acquisitions and Divestitures (Tables)
 9 Months Ended
Sep. 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 4,547 7,292 2,130 
Property, plant and equipment30 5 429 — 
Other assets45 51 48 — 
Intangible assets – tradename4,570 1,740 7,780 12,630 
Intangible assets – lender relationships— — 14,790 — 
Intangible assets - technology2,450 5,110 
Intangible assets – patents— — — 13,000 
Intangible assets - non-compete— 520 — — 
Intangible assets – licenses— — 1,000 — 
Indefinite lived title plant— — 500 — 
Goodwill16,787 41,446 24,252 34,142 
Total assets acquired26,893 53,419 56,091 61,902 
Liabilities assumed:
Current liabilities(509)(1,601)(4,306)(3,778)
Deferred tax liability(1,713)(802)(5,209)(3,090)
Total liabilities assumed(2,222)(2,403)(9,515)(6,868)
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 – tradename671515
Intangible assets – lender relationships— — 7— 
Intangible assets – technology1013— — 
Intangible assets – patents— — — 14
Intangible assets - non-compete— 5— — 
Intangible assets – licenses— — 15— 
Weighted average useful life7.411.01014.5
Schedule of estimated amortization expense related to intangible assets Estimated amortization expense related to these intangible assets for each of the years subsequent to September 30, 2021 is as follows (amounts in thousands):
2021 remaining$1,518 
20226,222 
20236,222 
20246,222 
20256,222 
2026 and beyond33,400 
Total$59,806 
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 nine months ended September 30, 2021)$1,625 
20226,396 
20236,396 
20246,305 
20256,230 
2026 and thereafter46,769 
Total$73,721 
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 EndedNine Months Ended
September 30, 2021September 30, 2020September 30, 2021September 30, 2020
(Amounts in thousands, except per share and share data)
Total revenue$27,047 $32,418 $91,369 $75,747 
Net loss attributable to IDEX common shareholders(50,854)(6,132)(66,325)(42,398)
Earnings (loss) per share
Basic and Diluted$(0.11)$(0.02)$(0.15)$(0.20)
Weighted average shares outstanding
Basic and Diluted477,214,431 256,752,912 440,151,607 211,193,769