XML 44 R6.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONSOLIDATED STATEMENTS OF EQUITY (Unaudited) - USD ($)
Common Stock
Additional Paid-in Capital
Retained Earnings / Accumulated Deficit
Accumulated Other Comprehensive Loss
Ideanomics Shareholders' equity
Non - controlling Interest
Total
Balance at Dec. 31, 2017 $ 68,509 $ 158,449,544 $ (126,693,022) $ (782,074) $ 31,042,957 $ (1,289,367) $ 29,753,590
Balance (in shares) at Dec. 31, 2017 68,509,090            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Share-based compensation   121,190     121,190   121,190
Common stock issuance for RSU vested $ 13 (13)          
Common stock issuance for RSU vested (in shares) 13,464            
Common stock issuance for option exercised $ 43 2,589     2,632   2,632
Common stock issuance for option exercised (in shares) 42,501            
Common stock issued for warrant exercised $ 300 524,700     525,000   525,000
Common stock issued for warrant exercised (in shares) 300,000            
Net income (loss)     (3,721,369)   (3,721,369) (91,444) (3,812,813)
Foreign currency translation adjustments, net of nil tax       (32,481) (32,481) (9,148) (41,629)
Balance at Mar. 31, 2018 $ 68,865 159,098,010 (130,414,391) (814,555) 27,937,929 (1,389,959) 26,547,970
Balance (in shares) at Mar. 31, 2018 68,865,055            
Balance at Dec. 31, 2017 $ 68,509 158,449,544 (126,693,022) (782,074) 31,042,957 (1,289,367) 29,753,590
Balance (in shares) at Dec. 31, 2017 68,509,090            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss)             (19,865,554)
Foreign currency translation adjustments, net of nil tax             565,315
Balance at Sep. 30, 2018 $ 77,246 190,188,410 (145,921,262) (239,775) 44,104,619 (749,246) 43,355,373
Balance (in shares) at Sep. 30, 2018 77,246,801            
Balance at Mar. 31, 2018 $ 68,865 159,098,010 (130,414,391) (814,555) 27,937,929 (1,389,959) 26,547,970
Balance (in shares) at Mar. 31, 2018 68,865,055            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Share-based compensation   3,239,727     3,239,727   3,239,727
Investment from GTD and SSS   5,900,000     5,900,000   5,900,000
Common stock issuance for RSU vested $ 1,227 (1,227)          
Common stock issuance for RSU vested (in shares) 1,227,244            
Common stock issuance for acquisition of BDCG $ 3,000 7,797,000     7,800,000   7,800,000
Common stock issuance for acquisition of BDCG (in shares) 3,000,000            
Net income (loss)     (8,320,024)   (8,320,024) (290,897) (8,610,921)
Foreign currency translation adjustments, net of nil tax       (121,465) (121,465) 20,269 (101,196)
Balance at Jun. 30, 2018 $ 73,092 176,033,510 (138,734,415) (936,020) 36,436,167 (1,660,587) 34,775,580
Balance (in shares) at Jun. 30, 2018 73,092,299            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Share-based compensation   11,530     11,530   11,530
Investment from GTD and SSS   5,288,502     5,288,502   5,288,502
Common stock issuance for option exercised $ 40 (40)          
Common stock issuance for option exercised (in shares) 40,295            
Common stock issued for warrant exercised $ 344 601,156     601,500   601,500
Common stock issued for warrant exercised (in shares) 343,714            
Common stock issuance for Star Thrive Group Limited $ 3,770 6,869,138     6,872,908   6,872,908
Common stock issuance for Star Thrive Group Limited (in shares) 3,770,493            
Conversion feature of convertible note   1,384,614     1,384,614   1,384,614
Acquisition Of Grapevine           1,154,419 1,154,419
Net income (loss)     (7,186,847)   (7,186,847) (254,973) (7,441,820)
Foreign currency translation adjustments, net of nil tax       696,245 696,245 11,895 708,140
Balance at Sep. 30, 2018 $ 77,246 190,188,410 (145,921,262) (239,775) 44,104,619 (749,246) 43,355,373
Balance (in shares) at Sep. 30, 2018 77,246,801            
Balance at Dec. 31, 2018 $ 102,765 195,779,576 (149,975,302) (1,664,598) 44,242,441 (1,030,626) 43,211,815
Balance (in shares) at Dec. 31, 2018 102,766,006            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Share-based compensation   224,484     224,484   224,484
Common stock issuance for RSU vested $ 130 (130)          
Common stock issuance for RSU vested (in shares) 129,840            
Common stock issuance for acquisition (SolidOpinion, Inc) $ 4,500 7,150,500     7,155,000   7,155,000
Common Stock issuance for acquisition SolidOpinion (Note 5(a)) (in shares) 4,500,000            
Common stock issuance for convertible debt $ 1,166 2,048,834     2,050,000   2,050,000
Common stock issuance for convertible debt (in shares) 1,166,113            
Net income (loss)     19,926,515   19,926,515 (17,761) 19,908,754
Foreign currency translation adjustments, net of nil tax       172,133 172,133 (25,295) 146,838
Balance at Mar. 31, 2019 $ 108,561 205,203,264 (130,048,787) (1,492,465) 73,770,573 (1,073,682) 72,696,891
Balance (in shares) at Mar. 31, 2019 108,561,959            
Balance at Dec. 31, 2018 $ 102,765 195,779,576 (149,975,302) (1,664,598) 44,242,441 (1,030,626) 43,211,815
Balance (in shares) at Dec. 31, 2018 102,766,006            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Net income (loss)             12,881,054
Foreign currency translation adjustments, net of nil tax             102,481
Balance at Sep. 30, 2019 $ 132,696 255,737,318 (138,468,441) (1,557,346) 115,844,227 397,720 116,241,947
Balance (in shares) at Sep. 30, 2019 132,696,071            
Balance at Mar. 31, 2019 $ 108,561 205,203,264 (130,048,787) (1,492,465) 73,770,573 (1,073,682) 72,696,891
Balance (in shares) at Mar. 31, 2019 108,561,959            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Share-based compensation   3,702,636     3,702,636   3,702,636
Common stock issuance for asset acquisition-Fintalk (Note 5(b)) $ 2,861 5,347,139     5,350,000   5,350,000
Common stock issuance for asset acquisition-Fintalk (Note 5(b)) (in shares) 2,860,963            
Common stock issuance for acquisition of non-controlling interest Grapevine (Note 5(c)) $ 591 491,027     491,618 (491,618)  
Common stock issuance for acquisition of non-controlling interest Grapevine (Note 5(c)) (in shares) 590,671            
Investment from SSSIG [1] $ 576 (576)          
Investment (in shares) [1] 575,431            
Net income (loss)     5,292,213   5,292,213 (15,430) 5,276,783
Foreign currency translation adjustments, net of nil tax       (75,851) (75,851) 7,992 (67,859)
Balance at Jun. 30, 2019 $ 112,589 214,743,490 (124,756,574) (1,568,316) 88,531,189 (1,572,738) 86,958,451
Balance (in shares) at Jun. 30, 2019 112,589,024            
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Share-based compensation   2,547,107     2,547,107   2,547,107
Common stock issuance for acquisition of BlackHorse Ventures [2] $ 815 1,499,475     1,500,290   1,500,290
Common stock issuance for acquisition of BlackHorse Ventures (in shares) [2] 815,217            
Common stock issuance for acquisition of Glory Connection (Note 5(e)) $ 12,190 24,367,810     24,380,000   24,380,000
Common stock issuance for acquisition of Glory Connection (Note 5(e)) (in shares) 12,190,000            
Common stock issuance for acquisition (DBOT) $ 5,852 9,708,186     9,714,038 104,648 9,818,686
Common stock issuance for acquisition of DBOT (Note 5(f)) (in shares) 5,851,830            
Common stock issuance for releasing Grapevine as collateral $ 250 372,250     372,500   372,500
Common stock issuance for releasing Grapevine as collateral ( in shares) 250,000            
Common stock issuance for convertible debt $ 1,000 2,499,000     2,500,000   2,500,000
Common stock issuance for convertible debt (in shares) 1,000,000            
Deconsolidation of Amer           445,894 445,894
Net income (loss)     (13,711,867)   (13,711,867) 1,407,384 (12,304,483)
Foreign currency translation adjustments, net of nil tax       10,970 10,970 12,532 23,502
Balance at Sep. 30, 2019 $ 132,696 $ 255,737,318 $ (138,468,441) $ (1,557,346) $ 115,844,227 $ 397,720 $ 116,241,947
Balance (in shares) at Sep. 30, 2019 132,696,071            
[1] In 2018, the Company entered into a subscription agreement and amended agreements with SSSIG to purchase $1.1 million of Common Stock at the then market price. The Company has received $1.1 million in total in 2018 and issued 575,431 shares of common stock in June 2019.
[2] On July 16, 2019, the Company entered into a share subscription agreement to subscribe 1,186 Pre-A preferred shares of BlackHorse Ventures, a Cayman Islands company, for a consideration of $1,500,290 paid in the form of common shares of the Company. The subscription shares represent 10% of the share capital of BlackHorse Ventures on a fully diluted basis.