XML 12 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 85,508 $ 269,863
Accounts receivable, net 6,657 3,338
Contract assets 3,115 2,772
Amount due from related parties 303 266
Available-for-sale securities 3,312 0
Notes receivable from third parties 69,830 54,907
Notes receivable from related party 1,004 697
Inventory 23,770 6,159
Prepaid expenses 23,187 20,015
Other current assets 5,129 4,490
Total current assets 221,815 362,507
Property and equipment, net 8,318 2,905
Intangible assets, net 84,367 42,546
Goodwill 72,098 16,161
Operating lease right of use assets 17,740 12,827
Long-term investments 25,518 35,588
Other non-current assets 1,345 903
Total assets 431,201 473,437
Current liabilities    
Accounts payable 16,310 6,674
Deferred revenue (including customer deposits of $4,407 and $3,163 as of June 30, 2022 and December 31, 2021, respectively) 6,048 5,392
Accrued salaries 6,269 8,957
Amount due to related parties 2,394 1,102
Other current liabilities 12,792 7,137
Current portion of operating lease liabilities 3,926 3,086
Current contingent consideration 722 648
Promissory note-short term 3,591 312
Convertible promissory note due to third-parties-short term 33,437 57,809
Total current liabilities 85,489 91,117
Promissory note-long term 1,716 0
Operating lease liability-long term 13,638 9,647
Non-current contingent consideration 145 350
Deferred tax liabilities 8,799 5,073
Other long-term liabilities 725 620
Total liabilities 110,512 106,807
Commitments and contingencies (Note 19)
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 June 30, 2022 and December 31, 2021 1,262 1,262
Equity:    
Common stock - $0.001 par value; 1,500,000,000 shares authorized, 497,272,525 shares and 497,272,525 shares issued and outstanding as of June 30, 2022 and December 31, 2021, respectively 498 497
Additional paid-in capital 973,701 968,066
Accumulated deficit (672,037) (605,758)
Accumulated other comprehensive income (5,691) 222
Total Ideanomics, Inc. shareholders' equity 296,471 363,027
Non-controlling interest 22,956 2,341
Total equity 319,427 365,368
Total liabilities, convertible redeemable preferred stock, redeemable non-controlling interest and equity $ 431,201 $ 473,437