Net Loss Per Common Share

3 Months Ended

Mar. 31, 2023

The following table summarizes the Company’s loss per share for the three months ended March 31, 2023 and 2022 (in thousands, except per share amounts):


	Three Months Ended
		March 31, 2023		March 31, 2022
Net loss attributable to Ideanomics, Inc. common stockholders		(84,317)		(28,512)

Basic
Basic weighted average common shares outstanding		731,001,467		497,359,747
Diluted
Diluted potential common shares		731,001,467		497,359,747
Net loss per share:
Basic		$	(0.12)	$	(0.06)
Diluted		$	(0.12)	$	(0.06)

Basic net loss per common share attributable to the Company’s shareholders is calculated by dividing the net loss attributable to the Company’s 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 the Company’s losses and thus these shares were not included in the computation of diluted loss per share because the effect was antidilutive (in thousands):


	March 31, 2023	December 31, 2022
Warrants	409,358	10,000
Options and RSUs	43,237	42,055
Series A Preferred Stock	933	933
Series B Preferred Stock	90,909	62,500
Series C Preferred Stock	23,186	—
Contingent shares	1,637,377	1,491
Convertible promissory note and interest	15,314	30,317
Total	2,220,314	147,296