Loss Per Common Share

12 Months Ended

Dec. 31, 2022

The following table summarizes the Company's earnings (loss) per share (USD in thousands, except per share amounts):



	December 31, 2022		December 31, 2021		December 31, 2020
Net loss	$	(260,692)	$	(256,009)	$	(101,264)
Preferred stock dividends	(56)		—		—
Net loss attributable to Ideanomics, Inc. common stockholders	(260,748)		(256,009)		(101,264)

Basic
Basic weighted average common shares outstanding	512,702,986		447,829,204		213,490,535
Diluted
Diluted weighted average common shares outstanding	512,702,986		447,829,204		213,490,535
Net loss per share:
Basic	$	(0.51)	$	(0.57)	$	(0.47)
Diluted	$	(0.51)	$	(0.57)	$	(0.47)

Basic loss per common share attributable to our shareholders is calculated by dividing the net loss attributable to our shareholders by the weighted average number of outstanding common shares during the period.

Diluted loss per share is calculated by taking net loss, divided by the diluted weighted average common shares outstanding. Diluted net loss per share equals basic net loss per share because the effect of securities convertible into common shares is anti-dilutive.

The following table includes the number of shares that may be dilutive potential common shares in the future. The holders of these shares do not have a contractual obligation to share in our losses and thus these shares were not included in the computation of diluted loss per share because the effect was antidilutive (in thousands.)


	December 31, 2022	December 31, 2021	December 31, 2020
Warrants	10,000	1,100	900
Options and RSUs	42,055	21,859	25,172
Series A Preferred Stock	933	933	933
Series B Preferred Stock	62,500	—	—
Contingent shares	1,491	1,491	1,013
Convertible promissory note and interest	30,317	30,585	—
Total	147,296	55,968	28,018