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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Total revenue $ 24,278 $ 26,581 $ 83,871 $ 86,647
Total cost of revenue 24,937 22,630 83,021 62,949
Gross profit (659) 3,951 850 23,698
Operating expenses:        
Selling, general and administrative expenses 37,710 37,750 113,555 74,419
Research and development expense 849 184 2,543 429
Asset impairment 378 15,183 1,030 15,183
Goodwill impairment 0 5,850 0 5,850
Change in fair value of contingent consideration, net 0 (5,099) (131) (7,006)
Litigation settlement 2 216 44 5,216
Depreciation and amortization 2,271 1,779 5,838 4,548
Total operating expenses 41,210 55,863 122,879 98,639
Loss from operations (41,869) (51,912) (122,029) (74,941)
Interest and other income (expense):        
Interest income 957 417 2,560 812
Interest expense (456) (308) (1,523) (1,683)
Gain on extinguishment of debt 0 300 0 300
Loss on disposal of subsidiaries, net (30) 0 (218) (1,264)
Gain on remeasurement of investment 0 0 10,965 2,915
Other income, net 2,574 8 4,460 507
Loss before income taxes and non-controlling interest (38,824) (51,495) (105,785) (73,354)
Income tax benefit 400 944 925 9,971
Impairment of and equity in gain (loss) of equity method investees (429) (1,447) (2,357) (2,062)
Net loss (38,853) (51,998) (107,217) (65,445)
Net loss attributable to common shareholders (38,853) (51,998) (107,217) (65,445)
Net loss attributable to non-controlling interest 1,439 187 3,525 459
Net loss attributable to Ideanomics, Inc. common shareholders $ (37,414) $ (51,811) $ (103,692) $ (64,986)
Earnings (loss) per share        
Basic (in dollars per share) $ (0.08) $ (0.11) $ (0.21) $ (0.15)
Diluted (in dollars per share) $ (0.08) $ (0.11) $ (0.21) $ (0.15)
Weighted average shares outstanding:        
Basic (in shares) 494,061,205 473,829,962 496,392,410 432,989,602
Diluted (in shares) 494,061,205 473,829,962 496,392,410 432,989,602
Sale of products        
Total revenue $ 15,746 $ 9,676 $ 55,157 $ 21,149
Total cost of revenue 18,198 9,934 58,963 20,445
Sale of services        
Total revenue 8,412 16,336 28,461 64,339
Total cost of revenue 6,691 12,165 23,879 41,441
Other revenue        
Total revenue 120 569 253 1,159
Total cost of revenue $ 48 $ 531 $ 179 $ 1,063