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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Total revenue $ 15,459 $ 19,015
Total cost of revenue 18,173 22,373
Gross profit (2,714) (3,358)
Operating expenses:    
Selling, general and administrative expenses 83,780 113,573
Research and development expense 10,191 3,792
Asset impairments 163,984 63,847
Goodwill impairments 13,712 22,662
Change in fair value of contingent consideration, net (73,768) (131)
Litigation settlements 89 225
Depreciation and amortization 16,752 5,308
Total operating expenses 214,740 209,276
Loss from operations (217,454) (212,634)
Interest and other income (expense):    
Interest income 316 3,449
Interest expense (4,307) (2,909)
Loss on disposal of subsidiaries, net (1,152) (217)
Gain on remeasurement of investment 0 10,965
Other income, net 12,505 865
Loss before income taxes and non-controlling interest (210,092) (200,481)
Income tax benefit 5,242 1,574
Impairment of and equity in loss of equity method investees 0 (14,726)
Net loss from continuing operations (204,850) (213,633)
Net loss from discontinued operations, net of tax (29,276) (68,452)
Net loss (234,126) (282,085)
Net loss attributable to common shareholders (234,126) (282,085)
Net loss attributable to non-controlling interest 10,297 21,425
Net loss attributable to Ideanomics, Inc. common shareholders $ (223,829) $ (260,660)
Basic loss per share from continuing operations (in dollars per share) $ (20.59) $ (52.10)
Diluted loss per share from continuing operations (in dollars per share) (20.59) (52.10)
Basic loss per share from discontinued operations (in dollars per share) (2.94) (16.69)
Diluted loss per share from discontinued operations (in dollars per share) (2.94) (16.69)
Basic loss per share (in dollars per share) (23.53) (68.79)
Diluted loss per share (in dollars per share) $ (23.53) $ (68.79)
Weighted average shares outstanding:    
Basic (in shares) 9,971,038 4,101,624
Diluted (in shares) 9,971,038 4,101,624
Product    
Total revenue $ 13,710 $ 14,754
Total cost of revenue 17,765 20,257
Service    
Total revenue 985 3,917
Total cost of revenue 58 1,742
Other revenue    
Total revenue 764 344
Total cost of revenue $ 350 $ 374