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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Total revenue $ 34,202 $ 30,128 $ 59,593 $ 60,066
Total cost of revenue 32,713 21,096 58,084 40,322
Gross profit 1,489 9,032 1,509 19,744
Operating expenses:        
Selling, general and administrative expenses 38,750 19,780 75,845 36,669
Research and development expense 680 235 1,694 245
Asset impairment 572 0 653 0
Remeasurement loss/(gain) recognized in the statement of operations 0 (2,401) (131) (1,907)
Litigation settlement 42 0 42 5,000
Depreciation and amortization 2,282 1,441 3,567 2,769
Total operating expenses 42,326 19,055 81,670 42,776
Loss from operations (40,837) (10,023) (80,161) (23,032)
Interest and other income (expense):        
Interest income 840 238 1,603 395
Interest expense (488) (801) (1,067) (1,375)
Loss on disposal of subsidiaries, net (42) (1,234) (188) (1,264)
Gain on remeasurement of investment 0 2,915 10,965 2,915
Other income, net 1,696 837 1,887 499
Loss before income taxes and non-controlling interest (38,831) (8,068) (66,961) (21,862)
Income tax benefit 147 1,682 525 9,027
Equity in gain (loss) of equity method investees (589) (461) (1,928) (615)
Net loss (39,273) (6,847) (68,364) (13,450)
Net loss attributable to common shareholders (39,273) (6,847) (68,364) (13,450)
Net loss attributable to non-controlling interest 1,506 152 2,086 (272)
Net loss attributable to Ideanomics, Inc. common shareholders $ (37,767) $ (6,695) $ (66,278) $ (13,178)
Earnings (loss) per share        
Basic (in dollars per share) $ (0.08) $ (0.02) $ (0.13) $ (0.03)
Diluted (in dollars per share) $ (0.08) $ (0.02) $ (0.13) $ (0.03)
Weighted average shares outstanding:        
Basic (in shares) 497,792,525 433,098,279 497,577,331 412,230,966
Diluted (in shares) 497,792,525 433,098,279 497,577,331 412,230,966
Sale of products        
Total revenue $ 24,534 $ 6,957 $ 39,411 $ 11,472
Total cost of revenue 25,027 6,060 40,765 10,512
Sale of services        
Total revenue 9,589 22,795 20,049 48,004
Total cost of revenue 7,605 14,663 17,188 29,277
Other revenue        
Total revenue 79 376 133 590
Total cost of revenue $ 81 $ 373 $ 131 $ 533