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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Total revenue $ 100,936 $ 114,080 $ 26,759
Total cost of revenue 101,751 90,852 24,702
Gross profit (815) 23,228 2,057
Operating expenses:      
Selling, general and administrative expenses 148,678 107,535 44,940
Research and development expense 3,888 760 1,635
Asset impairments 91,333 71,070 33,230
Goodwill impairments 38,868 101,470 18,089
Change in fair value of contingent consideration, net (131) (9,600) (5,503)
Litigation settlements 1,362 5,432 0
Depreciation and amortization 7,717 6,118 5,310
Total operating expenses 291,715 282,785 97,701
Loss from operations (292,530) (259,557) (95,644)
Interest and other income (expense):      
Interest income 3,504 1,502 108
Interest expense (2,950) (2,139) (16,078)
Expense due to conversion of notes 0 0 (2,266)
Gain on extinguishment of debt 0 300 8,891
(Loss) Gain on disposal of subsidiaries, net (276) (1,264) 276
Gain on remeasurement of investment 10,965 2,915 0
Other income, net 6,478 1,261 6,604
Loss before income taxes and non-controlling interest (274,809) (256,982) (98,109)
Income tax benefit 7,711 11,786 3,308
Impairment of and equity in loss of equity method investees (15,018) (11,529) (16,780)
Net loss (282,116) (256,725) (111,581)
Deemed dividend related to warrant repricing 0 0 (184)
Net loss attributable to common shareholders (282,116) (256,725) (111,765)
Net loss attributable to non-controlling interest 21,424 716 10,501
Net loss attributable to Ideanomics, Inc. common shareholders $ (260,692) $ (256,009) $ (101,264)
Basic loss per share (in dollars per share) $ (0.51) $ (0.57) $ (0.47)
Diluted loss per share (in dollars per share) $ (0.51) $ (0.57) $ (0.47)
Weighted average shares outstanding:      
Basic (in shares) 512,702,986 447,829,204 213,490,535
Diluted (in shares) 512,702,986 447,829,204 213,490,535
Product      
Total revenue $ 64,452 $ 37,009 $ 25,128
Total cost of revenue 72,047 37,845 23,644
Service      
Total revenue 36,070 75,766 1,631
Total cost of revenue 29,330 51,562 1,058
Other revenue      
Total revenue 414 1,305 0
Total cost of revenue $ 374 $ 1,445 $ 0