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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Total revenue $ 27,047 $ 10,620 $ 87,832 $ 15,690
Total cost of revenue 22,519 9,906 63,161 14,676
Gross profit 4,528 714 24,671 1,014
Operating expenses:        
Selling, general and administrative expenses 28,876 7,636 53,650 20,188
Research and development expense 184 1,318 429 1,318
Professional fees 9,387 3,968 21,994 8,096
Impairment losses 21,033 3,275 21,033 10,363
Change in fair value of contingent consideration, net (5,099) (4,179) (7,006) (2,900)
Litigation settlement 0 0 5,000 0
Depreciation and amortization 1,682 695 4,445 1,651
Total operating expenses 56,063 12,713 99,545 38,716
Loss from operations (51,535) (11,999) (74,874) (37,702)
Interest and other income (expense):        
Interest income (expense), net 109 (2,014) (871) (14,061)
Loss on disposal of subsidiaries, net 0 0 (1,446) 0
Conversion expense 0 0 0 (2,266)
Gain on remeasurement of investment 0 0 2,915 0
Gain on extinguishment of debt 300 0 300 0
Other income, net 8 5,283 689 6,272
Loss before income taxes and non-controlling interest (51,118) (8,730) (73,287) (47,757)
Income tax benefit 842 0 9,667 0
Equity in gain (loss) of equity method investees (819) 7 (1,517) (8)
Net loss (51,095) (8,723) (65,137) (47,765)
Deemed dividend related to warrant repricing 0 0 0 (184)
Net loss attributable to common shareholders (51,095) (8,723) (65,137) (47,949)
Net loss attributable to non-controlling interest 244 437 611 737
Net loss attributable to Ideanomics, Inc. common shareholders $ (50,851) $ (8,286) $ (64,526) $ (47,212)
Earnings (loss) per share        
Basic (in dollars per share) $ (0.11) $ (0.03) $ (0.15) $ (0.25)
Diluted (in dollars per share) $ (0.11) $ (0.03) $ (0.15) $ (0.25)
Weighted average shares outstanding:        
Basic (in shares) 473,829,962 237,535,999 432,989,602 191,976,856
Diluted (in shares) 473,829,962 237,535,999 432,989,602 191,976,856
Sale of products        
Total revenue $ 9,977 $ 10,140 $ 21,934 $ 14,728
Total cost of revenue 9,893 9,455 20,838 13,779
Sale of services        
Total revenue 17,070 480 65,898 962
Total cost of revenue $ 12,626 $ 451 $ 42,323 $ 897