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Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of discontinued operations The following table summarizes the operating results of the discontinued operations for the periods indicated:
Three months endedNine months ended
September 30, 2023September 30, 2022September 30, 2023September 30, 2022
Total revenue$1,820 $16,057 $15,043 $64,928 
Cost of revenue2,010 16,059 13,200 64,160 
Gross profit(190)(2)1,843 768 
Selling and administrative expenses3,831 6,686 15,918 21,951 
Depreciation and amortization35 619 433 1,827 
Asset impairments1,133 80 10,575 331 
Other operating costs20 21 40 167 
     Operating loss(5,209)(7,408)(25,123)(23,508)
Non-operating income (expense)2,841 1,789 796 3,088 
Income tax benefit— 88 121 183 
     Loss from discontinued operations, net of tax$(2,368)$(5,531)$(24,206)$(20,237)

The following table summarizes the assets and liabilities of the Discontinued Operations included in the consolidated balance sheets for the periods indicated:

September 30, 2023December 31, 2022
Cash and cash equivalents$4,311 $18,683 
Accounts Receivables, net897 1,587 
Inventory, net4,160 5,054 
Prepaid expenses and other current assets1,095 7,972 
    Current assets of discontinued operations$10,463 $33,296 
Property and equipment, net236 1,227 
Intangible assets, net7 9,147 
Operating lease right of use assets2,465 5,446 
Other noncurrent assets374 3,392 
       Noncurrent assets of discontinued operations$3,082 $19,212 
Accounts payable and accrued expenses$3,066 $8,741 
Current portion of operating lease liabilities962 2,051 
Other current liabilities3,471 3,117 
Current liabilities of discontinued operations$7,499 $13,909 
    Operating lease liabilities – long term1,532 3,707 
    Deferred tax liabilities— 489 
    Other noncurrent liabilities406 1,014 
Noncurrent liabilities of discontinued operations$1,938 $5,210 
The following table summarizes the operating results of the held for sale businesses for the periods indicated:

Three months endedNine months ended
September 30, 2023September 30, 2022September 30, 2023September 30, 2022
Total revenue$637 $8,172 $11,477 $18,887 
Cost of revenue2,110 8,870 13,893 18,842 
Gross profit(1,473)(698)(2,416)45 
Selling and administrative expenses5,372 9,766 21,488 25,836 
Depreciation and amortization1,380 1,428 4,045 3,389 
Asset impairments— (321)148 12 
Other operating costs531 830 2,089 2,250 
Operating loss$(8,756)$(12,401)$(30,186)$(31,442)

The following table summarizes the assets and liabilities of the held for sale businesses included in the consolidated balance sheets for the periods indicated:
September 30, 2023December 31, 2022
Cash and cash equivalents$1,498 $2,142 
Accounts Receivables, net3,052 4,239 
Inventory, net16,776 23,192 
Prepaid expenses and other current assets8,696 13,973 
    Current assets of businesses held for sale$30,022 $43,546 
Property and equipment, net$8,216 $7,063 
Intangible assets, net39,918 43,597 
Goodwill37,254 37,775 
Operating lease right of use assets6,304 7,017 
Other noncurrent assets2,392 2,115 
       Noncurrent assets of businesses held for sale$94,084 $97,567 
Accounts payable and accrued expenses$17,746 $18,941 
Current portion of operating lease liabilities1,026 1,213 
Other current liabilities22,486 17,184 
Current liabilities of businesses held for sale$41,258 $37,338 
    Operating lease liabilities – long term$5,546 $5,904 
    Deferred tax liabilities2,528 2,648 
    Other noncurrent liabilities2,790 3,088 
Noncurrent liabilities of businesses held for sale$10,864 $11,640 
Schedule of pro forma information The following table presents a balance sheet as of September 30, 2023 as if the sale of Energica, Wave Technologies, and Solectrac were complete and such businesses were presented as discontinued operations. In this event, the balance sheet below would reflect the assets and liabilities of the parent company Ideanomics, Inc. and VIA Motors as the sole remaining continuing operations in that hypothetical situation. However, the balance sheet below presents historical financial information and does not include cash or other assets we would receive from the sale of the businesses held for sale, nor does it show any liabilities that may be reduced or discharged with cash received. Additionally, as described above, we may decide not to sell one or more of the businesses held for sale.
September 30, 2023December 31, 2022
Cash and cash equivalents$386 $1,103 
Accounts Receivables, net14 30 
Inventory, net5 — 
Prepaid expenses and other current assets5,267 36,062 
Current assets of discontinued operation and businesses held for sale40,485 76,843 
Total current assets46,157 114,038 
Property and equipment, net2,911 782 
Intangible assets, net62 25 
Operating lease right of use assets4,510 3,516 
Other noncurrent assets477 7,798 
Noncurrent assets of discontinued operation and businesses held for sale97,167 116,780 
Total assets$151,284 $242,939 
Accounts payable and accrued expenses$45,080 $16,037 
Current portion of operating lease liabilities1,802 818 
Other current liabilities13,701 8,764 
Current liabilities of discontinued operation and businesses held for sale48,757 51,247 
Total current liabilities109,340 76,866 
Operating lease liabilities – long term5,699 2,662 
Deferred tax liabilities310 — 
Noncurrent liabilities of discontinued operation and businesses held for sale12,802 16,848 
Total liabilities128,151 96,376 
Series A 1,262 1,262 
Series B1,863 8,850 
Series C4,825 — 
Equity:
Common stock1,499 597 
Additional paid-in capital1,071,219 1,004,082 
Accumulated deficit(1,049,603)(866,450)
Accumulated other comprehensive loss(6,684)(6,104)
Total Ideanomics, Inc. shareholder’s equity16,431 132,125 
Non-controlling interest(1,248)4,326 
Total equity15,183 136,451 
Total liabilities, convertible redeemable preferred stock and equity$151,284 $242,939 
Schedule of inventory
The composition of inventory is as follows (in thousands):
September 30, 2023December 31, 2022
Raw materials $7,231 $5,674 
Work in progress10,584 10,695 
Finished goods6,167 9,291 
Inventory Reserve(7,201)(2,468)
Total$16,781 $23,192