XML 36 R3.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 1,249 $ 2,914
Accounts receivable, net 1,037 2,107
Contract assets 34 3,579
Amount due from related parties 0 90
Notes receivable from third parties, net 42 31,653
Inventory 19,838 29,309
Prepaid expenses 3,481 9,569
Other current assets 1,882 5,096
Current assets of discontinued operations 5,036 33,703
Total current assets 32,599 118,020
Property and equipment, net 12,904 7,845
Intangible assets, net 23,667 43,622
Goodwill 35,894 37,775
Operating lease right of use assets 6,117 10,533
Long-term investments 0 7,500
Other non-current assets 2,861 2,276
Non-current assets of discontinued operations 2,842 19,212
Total assets 116,884 246,783
Current liabilities    
Accounts payable 55,208 25,224
Deferred revenue (including customer deposits of $1,891 and $1,786 as of December 31, 2023 and 2022, respectively) 2,537 2,186
Accrued salaries 5,347 6,851
Accrued expenses 3,784 2,669
Current portion of operating lease liabilities 3,222 2,031
Current contingent consideration 727 867
Convertible promissory note due to third-parties 7,524 3,928
Current liabilities of discontinued operations 7,721 14,244
Total current liabilities 117,633 80,813
Promissory note-long term 3,943 1,957
Operating lease liability-long term 10,890 8,566
Deferred tax liabilities 1,946 2,509
Other long-term liabilities 1,071 1,131
Non-current liabilities of discontinued operations 1,672 5,212
Total liabilities 137,155 100,188
Commitments and contingencies (Note 19)
Equity:    
Common stock - $0.001 par value; 1,500,000,000 shares authorized, 11,985,268 and 4,781,930 shares issued and outstanding as of December 31, 2023 and 2022, respectively 1,499 597
Additional paid-in capital 1,071,520 1,004,082
Accumulated deficit (1,090,579) (866,418)
Accumulated other comprehensive (income) loss (4,553) (6,104)
Total Ideanomics, Inc. shareholder's equity (22,113) 132,157
Non-controlling interest (6,108) 4,326
Total equity (28,221) 136,483
Total liabilities, convertible redeemable preferred stock and equity 116,884 246,783
Series A Preferred Stock    
Convertible redeemable preferred stock:    
Series A - 7,000,000 shares issued and outstanding, liquidation and deemed liquidation preference of $3,500,000 as of December 31, 2023 and 2022, respectively 1,262 1,262
Series B Preferred Stock    
Convertible redeemable preferred stock:    
Series A - 7,000,000 shares issued and outstanding, liquidation and deemed liquidation preference of $3,500,000 as of December 31, 2023 and 2022, respectively 1,863 8,850
Series C Preferred Stock    
Convertible redeemable preferred stock:    
Series A - 7,000,000 shares issued and outstanding, liquidation and deemed liquidation preference of $3,500,000 as of December 31, 2023 and 2022, respectively 4,825 0
Related Party    
Current liabilities    
Other current liabilities 1,419 1,927
Promissory note due 2,348 2,021
Nonrelated Party    
Current liabilities    
Deferred revenue (including customer deposits of $1,891 and $1,786 as of December 31, 2023 and 2022, respectively)   2,186
Other current liabilities 13,181 9,287
Promissory note due $ 14,615 $ 9,578