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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Total revenue $ 25,391 $ 29,939
Total cost of revenue 25,371 19,226
Gross profit 20 10,713
Operating expenses:    
Selling, general and administrative expenses 37,095 16,889
Research and development expense 1,014 10
Asset impairment 81 0
Change in fair value of contingent consideration, net (131) 494
Litigation settlement 0 5,000
Depreciation and amortization 1,285 1,328
Total operating expenses 39,344 23,721
Loss from operations (39,324) (13,008)
Interest and other income (expense):    
Interest income 763 157
Interest expense (579) (574)
Loss on disposal of subsidiaries, net (148) (30)
Gain on remeasurement of investment 10,965 0
Other income (expense), net 191 (338)
Loss before income taxes and non-controlling interest (28,132) (13,793)
Income tax benefit 378 7,345
Equity in loss of equity method investees (1,338) (154)
Net loss (29,092) (6,602)
Net loss attributable to common shareholders (29,092) (6,602)
Net loss attributable to non-controlling interest 580 120
Net loss attributable to Ideanomics, Inc. common shareholders $ (28,512) $ (6,482)
Earnings (loss) per share    
Basic (in dollars per share) $ (0.06) $ (0.02)
Diluted (in dollars per share) $ (0.06) $ (0.02)
Weighted average shares outstanding:    
Basic (in shares) 497,359,747 391,125,134
Diluted (in shares) 497,359,747 391,125,134
Sale of products    
Total revenue $ 14,877 $ 4,515
Total cost of revenue 15,738 4,318
Sale of services    
Total revenue 10,460 25,210
Total cost of revenue 9,583 14,748
Other revenue    
Total revenue 54 214
Total cost of revenue $ 50 $ 160