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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Total revenue $ 114,080 $ 26,759 $ 44,566
Total cost of revenue 90,852 24,702 1,458
Gross profit 23,228 2,057 43,108
Operating expenses:      
Selling, general and administrative expenses 72,825 32,399 24,862
Research and development expense 760 1,635 0
Professional fees 34,710 12,541 5,828
Impairment loss of intangible assets 71,070 33,230 73,669
Goodwill impairments 101,470 18,089 0
Change in fair value of contingent consideration, net (9,600) (5,503) 5,094
Litigation settlements 5,432 0 0
Depreciation and amortization 6,118 5,310 2,229
Total operating expenses 282,785 97,701 111,682
Loss from operations (259,557) (95,644) (68,574)
Interest and other income (expense):      
Interest income 1,502 108 68
Interest expense (2,139) (16,078) (5,684)
Expense due to conversion of notes 0 (2,266) 0
Gain (loss) on extinguishment of debt 300 8,891 (3,940)
(Loss) gain on disposal of subsidiaries, net (1,264) 276 (952)
Gain (loss) on remeasurement of investment 2,915 0 (3,179)
Other income (expense), net 1,261 6,604 (433)
Loss before income taxes and non-controlling interest (256,982) (98,109) (82,694)
Income tax benefit (expense) 11,786 3,308 (417)
Impairment of and equity in loss of equity method investees (11,529) (16,780) (13,718)
Net loss (256,725) (111,581) (96,829)
Deemed dividend related to warrant repricing 0 (184) (827)
Net loss attributable to common shareholders (256,725) (111,765) (97,656)
Net (income) loss attributable to non-controlling interest 714 10,501 (852)
Net loss attributable to Ideanomics, Inc. common shareholders $ (256,011) $ (101,264) $ (98,508)
Basic loss per share (in dollars per share) $ (0.57) $ (0.47) $ (0.82)
Diluted loss per share (in dollars per share) $ (0.57) $ (0.47) $ (0.82)
Weighted average shares outstanding:      
Basic (in shares) 447,829,204 213,490,535 119,766,859
Diluted (in shares) 447,829,204 213,490,535 119,766,859
Product      
Total revenue $ 37,009 $ 25,128 $ 0
Total cost of revenue 37,845 23,644 0
Service      
Total revenue 75,766 1,631 44,566
Total cost of revenue 51,562 1,058 1,458
Other revenue      
Total revenue 1,305 0 0
Total cost of revenue $ 1,445 $ 0 $ 0