XML 30 R3.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
Current assets:    
Cash and cash equivalents $ 269,863 $ 165,764
Accounts receivable, net 3,338 7,400
Contract assets 2,772 0
Amount due from related parties 266 240
Notes receivable from third parties 54,907 0
Notes receivable from related party 697 0
Inventory 6,159 0
Prepaid expenses 20,015 2,629
Other current assets 4,490 3,726
Total current assets 362,507 179,759
Property and equipment, net 2,905 330
Fintech Village 0 7,250
Intangible assets, net 42,546 29,705
Goodwill 16,161 705
Operating lease right of use assets 12,827 155
Long-term investments 35,588 8,487
Other non-current assets 903 7,478
Total assets 473,437 233,869
Current liabilities    
Accounts payable 6,674 5,057
Deferred revenue (including customer deposits of $3,163 and $31 as of December 31, 2021 and 2020, respectively) 5,392 1,129
Accrued salaries 8,957 1,750
Amount due to related parties 1,102 882
Other current liabilities 7,137 2,235
Current portion of operating lease liabilities 3,086 115
Current contingent consideration 648 1,325
Promissory note-short term 312 568
Convertible promissory note due to third-parties 57,809 0
Total current liabilities 91,117 13,061
Operating lease liability-long term 9,647 19
Non-current contingent liabilities 350 7,635
Deferred tax liabilities 5,073 5,045
Other long-term liabilities 620 7,275
Asset retirement obligations 0 4,653
Total liabilities 106,807 37,688
Commitments and contingencies (Note 21)
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 December 31, 2021 and 2020, respectively 1,262 1,262
Redeemable non-controlling interest 0 7,485
Equity:    
Common stock - $0.001 par value; 1,500,000,000 shares authorized, 497,272,525 and 344,861,295 shares issued and outstanding as of December 31, 2021 and 2020, respectively 497 345
Additional paid-in capital 968,066 531,866
Accumulated deficit (605,758) (349,747)
Accumulated other comprehensive loss 222 1,231
Total Ideanomics, Inc. shareholder's equity 363,027 183,695
Non-controlling interest 2,341 3,739
Total equity 365,368 187,434
Total liabilities, convertible redeemable preferred stock, redeemable non-controlling interest and equity $ 473,437 $ 233,869