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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 170,757 $ 269,863
Accounts receivable, net 3,393 3,338
Contract assets 2,649 2,772
Amount due from related parties 290 266
Available-for-sale securities 3,917 0
Notes receivable from related party 0 697
Notes receivable from third parties 56,212 54,907
Inventory 21,855 6,159
Prepaid expenses 26,068 20,015
Other current assets 4,703 4,490
Total current assets 289,844 362,507
Property and equipment, net 5,547 2,905
Intangible assets, net 89,583 42,546
Goodwill 75,754 16,161
Operating lease right of use assets 18,833 12,827
Long-term investments 23,073 35,588
Other non-current assets 1,537 903
Total assets 504,171 473,437
Current liabilities    
Accounts payable 16,181 6,674
Deferred revenue (including customer deposits of $5,623 and $3,163 as of March 31, 2022 and December 31, 2021, respectively) 8,370 5,392
Accrued salaries 6,473 8,957
Amount due to related parties 2,512 1,102
Other current liabilities 10,557 7,137
Current portion of operating lease liabilities 3,855 3,086
Current contingent consideration 722 648
Promissory note-short term 3,945 312
Convertible promissory note due to third-parties-short term 58,376 57,809
Total current liabilities 110,991 91,117
Promissory note-long term 1,850 0
Operating lease liability-long term 14,646 9,647
Non-current contingent consideration 145 350
Deferred tax liabilities 9,845 5,073
Other long-term liabilities 632 620
Total liabilities 138,109 106,807
Commitments and contingencies (Note 18)
Convertible redeemable preferred stock and Redeemable non-controlling interest:    
Series A - 7,000,000 shares issued and outstanding, liquidation and deemed liquidation preference of $3,500,000 as of March 31, 2022 and December 31, 2021 1,262 1,262
Equity:    
Common stock - $0.001 par value; 1,500,000,000 shares authorized, 497,747,525 shares and 497,272,525 shares issued and outstanding as of March 31, 2022 and December 31, 2021, respectively 498 497
Additional paid-in capital 970,838 968,066
Accumulated deficit (634,270) (605,758)
Accumulated other comprehensive income 1,147 222
Total Ideanomics, Inc. shareholders' equity 338,213 363,027
Non-controlling interest 26,587 2,341
Total equity 364,800 365,368
Total liabilities, convertible redeemable preferred stock, redeemable non-controlling interest and equity $ 504,171 $ 473,437