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Immaterial Corrections of Prior Period Financial Statements (Tables)
12 Months Ended
Dec. 31, 2023
Accounting Changes and Error Corrections [Abstract]  
Schedule of Error Corrections and Prior Period Adjustments
The following table reflects the impact of the immaterial corrections discussed above on the Company’s previously reported consolidated balance sheet as of December 31, 2022 (in thousands):

Previously Reported
Adjustments
As Revised
Assets
Accounts receivable, net
$4,242 $(2,135)$2,107 
Inventory
23,192 6,117 29,309 
Liabilities
Deferred revenue
1,999 187 2,186 
Promissory note due to third parties-short term
5,814 3,764 9,578 
Stockholders’ Equity
Accumulated deficit$(866,450)$32 $(866,418)

The following table reflects the impact of the immaterial corrections discussed above on the Company’s previously reported consolidated statement of operations for the year ended December 31, 2022 (in thousands, except per share amounts):
Previously Reported
Adjustments
As Revised
Revenue from sales of products
$20,839 $(6,085)$14,754 
Total revenue25,100 (6,085)19,015 
Cost of revenue from sales of products
26,374 (6,117)20,257 
Total cost of revenue28,490 (6,117)22,373 
Gross profit(3,390)32 (3,358)
Loss from operations(212,666)32 (212,634)
Net loss$(282,117)$32 $(282,085)

The following table reflects the impact of the immaterial corrections discussed above on the Company’s previously reported consolidated statement of comprehensive loss for the year ended December 31, 2022 (in thousands, except per share amounts):

Previously Reported
Adjustments
As Revised
Net loss$(282,117)$32 $(282,085)
Comprehensive loss(289,708)32 (289,676)
Comprehensive loss attributable to Ideanomics, Inc. shareholders$(267,019)$32 $(266,987)

The following table reflects the impact of the immaterial corrections discussed above on the Company’s previously reported consolidated statement of cash flows for the year ended December 31, 2022 (in thousands):
Previously Reported
Adjustments
As Revised
Net loss$(282,117)$32 $(282,085)
Net loss from continuing operations(213,665)32 (213,633)
Accounts receivable(2,182)2,135 (47)
Inventory(9,832)(6,117)(15,949)
Accrued expenses, salary and other current liabilities$(5,113)$3,764 $(1,349)