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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Total revenue $ 10,562 $ 25,391
Total cost of revenue 11,131 25,371
Gross (loss) profit (569) 20
Operating expenses:    
Selling, general and administrative expenses 46,245 37,095
Research and development expense 4,625 1,014
Asset impairments 44,113 81
Depreciation and amortization 4,510 1,285
Other general expenses (12,596) (131)
Total operating expenses 86,897 39,344
Loss from operations (87,466) (39,324)
Interest and other income (expense):    
Interest income 340 763
Interest expense (1,349) (579)
Gain on remeasurement of investment 0 10,965
Other income, net 2,382 43
Loss before income taxes and non-controlling interest (86,093) (28,132)
Income tax benefit 2,985 378
Impairment of and equity in loss of equity method investees (2,784) (1,338)
Net loss (85,892) (29,092)
Net loss attributable to non-controlling interest 1,575 580
Net loss attributable to Ideanomics, Inc. common shareholders $ (84,317) $ (28,512)
Basic loss per share (in dollars per share) $ (0.12) $ (0.06)
Diluted loss per share (in dollars per share) $ (0.12) $ (0.06)
Weighted average shares outstanding:    
Basic (in shares) 731,001,467 497,359,747
Diluted (in shares) 731,001,467 497,359,747
Sale of products    
Total revenue $ 5,756 $ 14,877
Total cost of revenue 6,391 15,738
Sale of services    
Total revenue 4,369 10,460
Total cost of revenue 4,537 9,583
Other revenue    
Total revenue 437 54
Total cost of revenue $ 203 $ 50