Ideanomics (IDEXQ) 10-K 16 Mar 20 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2019	Mar. 14, 2020	Jun. 29, 2019
Document And Entity Information
Entity Registrant Name	IDEANOMICS, INC.
Entity Central Index Key	0000837852
Trading Symbol	idex
Entity Interactive Data Current	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		162,026,045
Document Type	10-K
Document Period End Date	Dec. 31, 2019
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Public Float			$ 207,000,565

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2019	Dec. 31, 2018	[1]
Current assets:
Cash and cash equivalents	$ 2,632,886	$ 3,106,244
Accounts receivable, net	2,404,869	19,370,665
Licensed content	0	16,958,149
Prepaid expenses	572,346	2,042,041
Other current assets	1,841,720	3,594,942
Total current assets	7,451,821	45,072,041
Property and equipment, net	12,939,480	15,029,427
Intangible assets, net	52,770,639	3,036,352
Goodwill	23,344,299	704,884
Long-term investments	22,621,497	26,408,609
Operating lease right of use assets	6,933,582	0
Other non-current assets	883,126	3,983,799
Total assets	126,944,444	94,235,112
Current liabilities: (including amounts of the consolidated VIEs without recourse to Ideanomics, Inc. See note 5)
Accounts payable	3,380,482	19,265,094
Deferred revenue	476,716	405,929
Accrued salaries	923,323	706,351
Amount due to related parties	3,962,061	800,822
Other current liabilities	6,466,007	4,615,346
Current portion of operating lease liabilities	1,112,733	0
Current acquisition earn-out liability	12,421,399	0
Promissory note-short term	3,000,000	0
Convertible promissory note due to third-parties	1,752,790	0
Convertible promissory note due to related parties	3,260,055	4,140,055
Total current liabilities	36,755,566	29,933,597
Deferred tax liabilities	0	513,935
Asset retirement obligations	5,094,200	8,000,000
Convertible note due to third parties-long term	5,088,854	11,313,770
Convertible note due to related parties-long term	1,550,657	0
Operating lease liability-long term	6,222,420	0
Non-current acquistition earn-out liabilitiy	12,234,830	0
Other non-current liabilities	0	0
Total liabilities	66,946,527	49,761,302
Commitments and contingencies (Note 19)
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, 2019 and 2018, respectively	1,261,995	1,261,995
Equity:
Common stock - $0.001 par value; 1,500,000,000 shares authorized, 149,692,953 and 102,766,006 shares issued and outstanding as of December 31, 2019 and 2018, respectively	149,692	102,765
Additional paid-in capital	282,553,877	195,779,576
Accumulated deficit	(248,482,826)	(149,975,302)
Accumulated other comprehensive loss	(663,579)	(1,664,598)
Total IDEX shareholder's equity	33,557,164	44,242,441
Non-controlling interest	25,178,758	(1,030,626)
Total equity	58,735,922	43,211,815	[2]
Total liabilities, convertible redeemable preferred stock and equity	$ 126,944,444	$ 94,235,112
[1]	The above consolidated balance sheets include Shanghai Guang Ming Investment Management Limited (“Guang Ming”). The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)
[2]	The above consolidated statements of equity include Guang Min. The acquisition of Guang Min was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
CONSOLIDATED BALANCE SHEETS
Convertible redeemable preferred stock, Series A shares issued	7,000,000	7,000,000
Convertible redeemable preferred stock, Series A shares outstanding	7,000,000	7,000,000
Convertible redeemable preferred stock, Series A liquidation and deemed liquidation preference	$ 3,500,000	$ 3,500,000
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized	1,500,000,000	1,500,000,000
Common stock, shares issued	149,692,953	102,766,006
Common stock, shares outstanding	149,692,953	102,766,006

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
CONSOLIDATED STATEMENTS OF OPERATIONS
Revenue from third-parties		$ 1,295,486	$ 278,024,867	[1]
Revenue from related parties		43,271,469	99,718,005	[1]
Total revenue		44,566,955	377,742,872	[1]
Cost of revenue from third-parties		990,879	130,464,906	[1]
Cost of revenue from related parties		466,894	244,110,132	[1]
Gross profit		43,109,182	3,167,834	[1]
Operating expenses:
Selling, general and administrative expense		24,862,208	22,471,976	[1]
Research and development expense		0	1,654,491	[1]
Professional fees		5,828,385	4,749,799	[1]
Depreciation and amortization	[1]	2,228,653	352,332	[2]
Acquisition earn-out expense		5,094,095	0	[1]
Impairment of assets		73,668,525	134,290	[1]
Total operating expense		111,681,866	29,362,888	[1]
Loss from operations		(68,572,684)	(26,195,054)	[1]
Interest and other income (expense):
Interest expense, net		(5,616,282)	(804,595)	[1]
Loss on extinguishment of debt		(3,940,196)	0	[1]
Impairment of and equity in loss of equity method investees		(13,718,280)	(180,625)	[1],[2]
Loss on disposal of subsidiaries, net		(951,594)	(1,183,289)	[1]
Loss on remeasurement of DBOT investment		(3,178,702)	0	[1]
Other		(433,184)	(99,765)	[1]
Loss before income taxes and non-controlling interest		(96,410,922)	(28,463,328)	[1]
Income tax (expense) benefit		(417,453)	40,244	[1]
Net loss		(96,828,375)	(28,423,084)	[1],[2]
Deemed dividend related to warrant repricing		(826,909)	0	[1],[2]
Net loss attributable to common stockholders		(97,655,284)	(28,423,084)	[1]
Net (income) loss attributable to non-controlling interest		(852,240)	996,728	[1]
Net loss attributable to IDEX common shareholders		$ (98,507,524)	$ (27,426,356)	[1]
Earnings (loss) per share
Basic and diluted loss per share (in dollars per share)		$ (0.82)	$ (0.35)	[1]
Weighted average shares outstanding:
Basic and diluted (in shares)		119,766,859	78,386,116	[1]
[1]	The above consolidated statements of operations include Guang Ming. The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)
[2]	The above consolidated statements of cash flows include Guang Ming. The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	[1]
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
Net loss	$ (96,828,375)	$ (28,423,084)	[2]
Other comprehensive loss, net of nil tax
Foreign currency translation adjustments	407,288	(882,516)
Comprehensive loss	(96,421,087)	(29,305,600)
Deemed dividend related to warrant repricing	(826,909)	0	[2]
Comprehensive loss attributable to non-controlling interest	(844,050)	978,282
Comprehensive loss attributable to IDEX common shareholders	$ (98,092,046)	$ (28,327,318)
[1]	The above consolidated statements of cash flows include Guang Ming. The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)
[2]	The above consolidated statements of operations include Guang Ming. The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($)		Series E Preferred Stock	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	[1]	$ 0	$ 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	[1]	0	68,509,090
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation		$ 0	$ 0	3,412,977	0	0	3,412,977	0	3,412,977
Common stock issuance (GTD)		$ 0	$ 5,494	9,994,506	0	0	10,000,000	0	10,000,000
Common stock issuance (GTD) (in shares)		0	5,494,505
Common stock to be issued (SSSIG)		$ 0	$ 0	1,177,585	0	0	1,177,585	0	1,177,585
Common stock issuance (STAR)		$ 0	$ 5,027	9,194,973	0	0	9,200,000	0	9,200,000
Common stock issuance (STAR) (in shares)		0	5,027,324
Common stock issuance for option exercised		$ 0	$ 82	27,960	0	0	28,042	0	28,042
Common stock issuance for option exercised (in shares)		0	82,797
Common stock issued for warrant exercised		$ 0	$ 644	1,125,856	0	0	1,126,500	0	1,126,500
Common stock issued for warrant exercised (in shares)		0	643,714
Common stock issuance for RSU vested		$ 0	$ 1,241	(1,241)	0	0	0	0	0
Common stock issuance for RSU vested (in shares)		0	1,240,707
Common stock issuance for acquisition of BDCG		$ 0	$ 3,000	7,797,000	0	0	7,800,000	0	7,800,000
Common stock issuance for acquisition of BDCG (in shares)		0	3,000,000
Common stock issuance for acquisition (DBOT)		$ 0	$ 2,268	6,724,078	0	0	6,726,346	0	6,726,346
Common stock issuance for acquisition of DBOT (in shares)		0	2,267,869
Beneficial conversion feature of convertible note-long term		$ 0	$ 0	1,384,615	0	0	1,384,615	0	1,384,615
Earnout shares to SSSIG		$ 0	$ 16,500	(16,500)	0	0	0	0	0
Earnout shares to SSSIG (in shares)		0	16,500,000
Acquisition resulting in non-controlling interest (Grapevine)		$ 0	$ 0	0	0	0	0	678,651	678,651
Disposal of subsidiaries		0	0	(3,491,777)	4,144,076	18,438	670,737	558,372	1,229,109
Net loss		0	0	0	(27,426,356)	0	(27,426,356)	(996,728)	(28,423,084)	[2]
Foreign currency translation adjustments, net of nil tax		0	0	0	0	(900,962)	(900,962)	18,446	(882,516)	[3]
Balance at Dec. 31, 2018	[1]	$ 0	$ 102,765	195,779,576	(149,975,302)	(1,664,598)	44,242,441	(1,030,626)	43,211,815	[4]
Balance (in shares) at Dec. 31, 2018	[1]	0	102,766,006
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Share-based compensation		$ 0	$ 0	9,112,633	0	0	9,112,633	0	9,112,633
Common stock issuance for RSU vested		$ 0	$ 130	(130)	0	0	0	0	$ 0
Common stock issuance for RSU vested (in shares)		0	129,840
Common stock issuance for acquisition of BDCG (in shares)									15,900,000
Common stock issuance for acquisition (DBOT)		$ 0	$ 5,852	9,708,186	0	0	9,714,038	104,648	$ 9,818,686
Common stock issuance for acquisition of DBOT (in shares)		0	5,851,830
Common stock issuance for convertible note (ID Venturas)		$ 0	$ 4,838	9,639,499	0	0	9,644,337	0	9,644,337
Common stock issuance for convertible note (ID Venturas) (in shares)		0	4,838,399
Common stock issuance for convertible note (YA II)		$ 0	$ 2,137	1,543,259	0	0	1,545,396	0	1,545,396
Common stock issuance for convertible note (YA II) (in shares)		0	2,136,987
Common stock issuance for convertible note conversion (ID Venturas)		$ 0	$ 1,211	1,198,800	0	0	1,200,011	0	1,200,011
Common stock issuance for convertible note conversion (ID Venturas) (in shares)		0	1,211,504
Common stock issuance for debt		$ 0	$ 68	109,932	0	0	110,000	0	110,000
Common stock issuance for debt (in shares)		0	67,878
Common stock issuance for assets (SolidOpinion, Inc)		$ 0	$ 4,500	7,150,500	0	0	7,155,000	0	7,155,000
Common stock issuance for assets (SolidOpinion, Inc) (in shares)		0	4,500,000
Common stock issuance for assets (Fintalk)		$ 0	$ 2,861	5,347,139	0	0	5,350,000	0	$ 5,350,000
Common stock issuance for assets (Fintalk) (in shares)		0	2,860,963						7,400,000
Common stock issuance for acquisition (Grapevine)		$ 0	$ 591	491,027	0	0	491,618	(491,618)	$ 0
Common stock issuance for acquisition (Grapevine) (in shares)		0	590,671
Common stock issuance for investment		$ 0	$ 815	1,499,475	0	0	1,500,290	0	1,500,290
Common stock issuance for investment (in shares)		0	815,217
Common stock issuance for acquisition (Glory)		$ 0	$ 12,190	19,979,410	0	0	19,991,600	0	19,991,600
Common stock issuance for acquisition (Glory) (in shares)		0	12,190,000
Common stock issuance for investment			$ 1,658	1,225,430	0	0	1,227,088	0	1,227,088
Common stock issuance for investment (in shares)		0	1,658,227
Common stock issuance for acquisition (Tree Technologies)		$ 0	$ 9,500	7,780,500	0	0	7,790,000	24,985,086	32,775,086
Common stock issuance for acquisition (Tree Technologies) (in shares)		0	9,500,000
Investment from SSSIG		$ 0	$ 576	(576)	0	0	0	0	0
Investment from SSSIG (in shares)		0	575,431
Capital contribution from noncontrolling interest shareholder		$ 0	$ 0	0	0	0	0	321,324	321,324
Convertible note reset conversion price of (Advantech)		0	0	10,615,385	0	0	10,615,385	0	10,615,385
Deconsolidation of Amer		0	0	0	0	0	0	445,894	445,894
Deconsolidation Of VIEs		0	0	1,373,832	0	585,540	1,959,372	0	1,959,372
Net loss		0	0	0	(98,507,524)	0	(98,507,524)	852,240	(97,655,284)
Foreign currency translation adjustments, net of nil tax		0	0	0	0	415,479	415,479	(8,191)	407,288
Balance at Dec. 31, 2019		$ 0	$ 149,692	$ 282,553,877	$ (248,482,826)	$ (663,579)	$ 33,557,164	$ 25,178,758	$ 58,735,922
Balance (in shares) at Dec. 31, 2019		0	149,692,953
[1]	The above consolidated statements of equity include Guang Min. The acquisition of Guang Min was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)
[2]	The above consolidated statements of operations include Guang Ming. The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)
[3]	The above consolidated statements of cash flows include Guang Ming. The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)
[4]	The above consolidated balance sheets include Shanghai Guang Ming Investment Management Limited (“Guang Ming”). The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Cash flows from operating activities:
Net loss		$ (96,828,375)	$ (28,423,084)	[1],[2]
Adjustments to reconcile net loss to net cash used in operating activities
Share-based compensation expense		9,112,633	3,412,977	[1]
Depreciation and amortization	[2]	2,228,653	352,332	[1]
Non-cash interest expense		5,510,604	698,385	[1]
Impairment of and equity in losses of equity method investees		13,718,280	180,625	[1],[2]
Loss on impairment of intangible assets		66,839,406	134,290	[1]
Gain on disposal of subsidiaries		951,579	1,183,289	[1]
Loss on remeasurement of DBOT investment		3,178,702	0	[1]
Digital tokens received as payment for services		(40,700,000)	0	[1]
Impairment of property and equipment		3,802,772	0	[1]
Disposal of equity method investments		245,139	0	[1]
Impairment of cost method investment		3,026,347	0	[1]
Change in assets and liabilities:
Accounts receivable		(2,277,822)	7,591,420	[1]
Inventory		0	216,453	[1]
Prepaid expenses and other assets		2,880,674	(1,296,872)	[1]
Accounts payable		2,861,561	(7,564,499)	[1]
Deferred revenue		167,545	183,579	[1]
Amount due to related parties (interest)		(1,256,382)	120,000	[1]
Accrued expenses, salary and other current liabilities		12,754,704	3,050,895	[1]
Net cash used in operating activities		(13,783,980)	(20,160,210)	[1]
Cash flows from investing activities:
Acquisition of property and equipment		(1,816,390)	(6,762,248)	[1]
Disposal of subsidiaries, VIEs, net of cash disposed		644,712	(41,976)	[1]
Acquisition of subsidiaries, net of cash acquired		(623,178)	(2,784,243)	[1]
Investments in intangible assets		0	(301,495)	[1]
Payments for long term investments		0	(5,266,880)	[1]
Deposit for surety bond and other		0	(3,983,799)	[1]
Net cash used in investing activities		(1,794,856)	(19,140,641)	[1]
Cash flows from financing activities:
Proceeds from issuance of convertible note		9,132,300	13,000,000	[1]
Proceeds from issuance of shares, stock options and warrant		2,821,323	21,532,127	[1]
Borrowings from related parties		3,161,241	366,792	[1]
Proceeds from amounts due to related parties		3,161,241	366,792	[1]
Net cash provided by financing activities		15,114,864	34,898,919	[1]
Effect of exchange rate changes on cash		(9,386)	(69,141)	[1]
Net increase (decrease) in cash, cash equivalents and restricted cash		(473,358)	(4,471,073)	[1]
Cash, cash equivalents and restricted cash at the beginning of the year	[1]	3,106,244	7,577,317
Cash, cash equivalents and restricted cash at the end of the year		2,632,886	3,106,244	[1]
Supplemental disclosure of cash flow information:
Cash paid for interest		72,889	0	[1]
Disposal of assets in exchange of GTB		20,218,920	0	[1]
Service revenue received in GTB		40,700,000	0	[1]
Issuance of shares for acquisition of intangible assets		10,005,000	0	[1]
Issuance of shares for acquisition of long-term investments		40,714,634	14,526,346	[1]
Issuance of earn-out shares		0	16,500	[1]
Asset retirement obligations acquired		$ 0	$ 8,000,000	[1]
[1]	The above consolidated statements of cash flows include Guang Ming. The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)
[2]	The above consolidated statements of operations include Guang Ming. The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)

Organization and Principal Acti

Organization and Principal Activities	12 Months Ended
	Dec. 31, 2019
Organization and Principal Activities
Organization and Principal Activities	Note 1. Organization and Principal Activities Ideanomics, Inc. (Nasdaq: IDEX) is a Nevada corporation that primarily operates in Asia and the United States through its subsidiariesand variable interest entities (“VIEs”). Unless the context otherwise requires, the use of the terms "we," "us", "our" and the “Company” in these notes to consolidated financial statements refers to Ideanomics, Inc, its consolidated subsidiaries and variable interest entities (“VIEs.”) The Company’s chief operating decision maker has been identified as the chief executive officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Company. Therefore, the Company operates in one segment with two business units, the Mobile Energy Group (“MEG”), and Ideanomics Capital. As the chief executive officer previously reviewed two operating segments separately for this purpose, the Company has changed its presentation accordingly, from two reportable segments to one reportable segment. The segment reporting changes were retrospectively applied to all periods presented. MEG’s mission is to use electronic vehicles (“EVs”) and EV battery sales and financing to attract commercial fleet operators that will generate large scale demand for energy, energy storage systems, and energy management contracts. MEG operates as an end-to-end solutions provider for the procurement, financing, charging and energy management needs for fleet operators of commercial EVs. Ideanomics Capital is focused on the trading of traditional over the counter (“OTC”) securities, and is implementing a new trading platform to improve its competitive position in the trading of traditional OTC securities and provide enhanced functionality to allow for the trading of digital securities when all necessary regulatory approvals have been obtained.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2019
Summary of Significant Accounting Policies
Summary of Significant Accounting Policies	Note 2. Summary of Significant Accounting Policies (a) Basis of Presentation The consolidated financial statements of Ideanomics, Inc., its subsidiaries and VIEs were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and include the assets, liabilities, revenues and expenses of the subsidiaries over which the Company exercises control and, when applicable, entities for which the Company has a controlling financial interest or is the primary beneficiary. Intercompany transactions and balances are eliminated in consolidation. (b) Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, as well as the related disclosure of contingent assets and liabilities. Actual results could differ from those estimates. On an ongoing basis, the Company evaluates its estimates, including those related to the bad debt allowance, sales returns, fair values of financial instruments, equity investments, stock-based compensation, intangible assets and goodwill, useful lives of intangible assets and property and equipment, asset retirement obligations, income taxes, and contingent liabilities, among others. The Company bases its estimates on assumptions, both historical and forward looking, that are believed to be reasonable, the results of which form the basis for making judgments about the carrying amounts of assets and liabilities. (c) Cash and Cash Equivalents Cash consists of cash on hand and demand deposits with an original maturity of three months or less when purchased. Refer to Note 20 (d) and (e) for additional information on our credit and foreign currency risks. (d) Accounts Receivable, net Accounts receivable are recognized at invoiced amounts and do not bear interest. The Company maintains an allowance for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. The Company reviews its allowance for doubtful accounts receivable on an ongoing basis. In establishing the required allowance, management considers any historical losses, the customer’s financial condition, the accounts receivable aging, and the customer’s payment patterns. After all attempts to collect a receivable have failed and the potential for recovery is remote, the receivable is written off against the allowance. (e) Licensed Content The Company previously obtained content through content license agreements with studios and distributors. The Company recognized licensed content when the license fee and the specified content titles were known or reasonably determinable. Prepaid license fees were classified as an asset (licensed content) and accrued license fees payable were classified as a liability on the consolidated balance sheets. The Company amortized licensed content in cost of revenues over the contents’ contractual availability based on the expected revenue derived from the licensed content, beginning with the month of first availability, such that our revenues bore a representative amount of the cost of the licensed content. Management reviewed factors that impacted the amortization of licensed content at each reporting date, including factors that may bear direct impact on expected revenue from specific content titles. Changes in the expected revenue from licensed content could have had a significant impact on the amortization pattern. Management evaluated the recoverability of the licensed content whenever events or changes in circumstances indicated that its carrying amount may not have been recoverable. No impairment losses were recorded in the years ended December 31, 2019 and 2018. The Company sold the entire licensed content in March 2019. (f) Property and Equipment, net Property and equipment are stated at cost less accumulated depreciation. Expenditures for major renewals and improvements, which extend the original estimated economic useful lives of applicable assets, are capitalized. Expenditures for normal repairs and maintenance are charged to expense as incurred. The costs and related accumulated depreciation of assets sold or retired are removed from the accounts and any gain or loss thereon is recognized in the consolidated statement of operations. Depreciation is provided for on a straight-line basis over the estimated useful lives of the respective assets. The estimated useful life is 5 years for furniture, 3 years for electronic equipment, 5 years for vehicles and lesser of lease terms or the estimated useful lives of the assets for leasehold improvements. Construction in progress is stated at cost, which includes the cost of construction and other direct costs attributable to the construction. No provision for depreciation is made on construction in progress until such time as the relevant assets are completed and put into use. Construction in progress at December 31, 2019 and 2018 represents Fintech Village under construction. Refer to Note 8 for additional information. Asset Retirement Obligations Asset retirement obligations generally apply to legal obligations associated with the retirement of a tangible long-lived asset that result from the acquisition, construction or development and the normal operation of a long-lived asset. If a reasonable estimate of fair value can be made, the fair value of a liability for an asset retirement obligation is recognized in the period in which it is incurred or a change in estimate occurs. Asset retirement costs associated with asset retirement obligations are capitalized with the carrying amount of the related long-lived assets and depreciated over the related asset’s estimated useful life. The Company’s asset retirement obligations as of December 31, 2019 and 2018 are associated with the acquisition of Fintech Village, in which the Company is contractually obligated to remediate certain existing environmental conditions. The Company will start to amortize the asset retirement costs if and when the related assets are completed, put into use and depreciation commences. In the year ended December 31, 2019, the Company impaired buildings with a carrying amount of $2.3 million, and impaired related asset retirement costs of $1.5 million. Refer to Note 8 for more information. (g) Business Combinations The Company includes the results of operations of the businesses that are acquired as of the acquisition date. The Company allocates the purchase price of the acquisitions to the assets acquired and liabilities assumed based on their estimated fair values. The excess of the purchase price over the fair values of identifiable assets and liabilities is recorded as goodwill. Acquisition-related expenses are recognized separately from the business combination and are expensed as incurred. (h) Intangible Assets and Goodwill The Company accounts for intangible assets and goodwill in accordance with Accounting Standards Codification (“ASC”) 350, Intangibles – Goodwill and Other (“ASC 350”). ASC 350 requires that goodwill and intangible assets with indefinite useful lives no longer be amortized, but instead be evaluated for impairment at least annually. In accordance with ASC 350, goodwill is allocated to reporting units, which are either the operating segment or one reporting level below the operating segment. On an annual basis, in the fourth quarter of the fiscal year, management reviews goodwill for impairment by first assessing qualitative factors to determine whether the existence of events or circumstances makes it more-likely-than-not that the fair value of a reporting unit is less than its carrying amount. If it is determined that it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount, goodwill is further tested for impairment by comparing the carrying amount to the estimated fair value of its reporting units, determined using externally quoted prices (if available) or a discounted cash flow model and, when deemed necessary, a market approach. Goodwill impairment, if any, is measured as the amount by which a reporting unit’s carrying amount exceeds its fair value. Application of goodwill impairment tests requires significant management judgment, including the identification of reporting units, assigning assets, liabilities and goodwill to reporting units and determination of fair value of each reporting unit. Judgment applied when performing the qualitative analysis includes consideration of macroeconomic, industry and market conditions, overall financial performance of the reporting unit, composition, personnel or strategy changes affecting the reporting unit and recoverability of asset groups within a reporting unit. Judgments applied when performing the quantitative analysis includes estimating future cash flows, determining appropriate discount rates and making other assumptions. Changes in these judgments, estimates and assumptions could materially affect the determination of fair value for each reporting unit. The Company has other intangible assets, not including goodwill, which consist primarily of customer relationships and contracts, trademarks and tradenames and other intellectual property, which are generally recorded in connection with acquisitions at their fair value. Intangible assets with estimable lives are amortized, generally on a straight-line basis, over their respective estimated useful lives to their estimated residual values and reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The Company recorded an impairment loss related to a secure mobile financial information, social and messaging platform of $5.7 million in the year ended December 31, 2019. No impairment losses were recorded in the year ended December 31, 2018. Refer to Note 9(b) for additional information. (i) Digital Currency The Company may, from time to time, enter into transactions denominated in digital currency, which may consist of GTDollar Coins (“GTB”), Bitcoin, Ethereum and/or other types of digital currency. Digital currency is a type of digital asset that is not a fiat currency and is not backed by hard assets or other financial instruments. As a result, the value of digital currency is determined by the value that various market participants place on the respective digital currencies through their transactions. Holders of digital currency make or lose money from buying and selling digital currency. Given that there is limited precedent regarding the classification and measurement of cryptocurrencies and other digital currencies under current GAAP, the Company has determined to account for these currencies as indefinite-lived intangible assets in accordance with ASC 350, Intangibles-Goodwill and Other (“ASC 350”) until further guidance is issued by the Financial Accounting Standards Board (“FASB”). In the year ended December 31, 2019, the Company entered into transactions in which it received 8.3 million GTB, valued at the time at $61.1 million. On October 29, 2019, GTB had an unexpected significant decline in quoted price, from $17.00 to $1.84. This decline continued through the fourth quarter of 2019, and on December 31, 2019 the quoted price was $0.23. As a result of this decline in quoted price, and its inability to convert GTB into other digital currencies which were more liquid, or fiat currency, the Company performed an impairment analysis in the fourth quarter of 2019 and recorded an impairment loss of $61.1 million. Refer to Note 9(g) for additional information. (j) Long-term Investments The Company accounts for equity investments through which management exercises significant influence but does not have control over the investee under the equity method. Under the equity method, the investment is initially recorded at cost and adjusted for the Company’s share of undistributed earnings or losses of the investee. The Company’s share of losses is not recognized when the investment is reduced to zero since the Company does not guarantee the investees’ obligations nor is the Company committed to providing additional funding. Beginning on January 1, 2018, the equity investments which are not consolidated or accounted for under the equity method are either carried at fair value or under the measurement alternative upon the adoption of the Accounting Standards Update (“ASU”) No. 2016‑01, Financial Instruments – Overall (Subtopic 825-10) (“ASU No 2016-01”). The Company utilizes the measurement alternative for equity investments that do not have readily determinable fair values and measures these investments at cost less impairment plus or minus observable price changes in orderly transactions for an identical or similar investment of the same issuer. The Company classifies its long-term investments as non-current assets on the consolidated balance sheets. Impairment of Investments Management periodically reviews long-term investments for impairment whenever events or changes in business circumstances indicate that the carrying amount of the investment may not be fully recoverable. Management considers impairment indicators such as negative changes in industry and market conditions, financial performance, business prospects, and other relevant events and factors. If indicators exist and the fair value of the investment is below the carrying amount, an impairment loss is recorded to record the investment at fair value. The Company recorded impairment losses of $3.0 million and $0 in the years ended December 31, 2019 and 2018, respectively, for equity investments accounted for under the measurement alternative, and recorded impairment losses of $13.1 million and $0 in the years ended December 31, 2019 and 2018, respectively, for investments accounted for as equity method investments . Refer to Note 10 for additional information on impairment losses. (k) Leases The Company adopted ASU No. 2016-02 (“ASU 2016-02”) as of January 1, using a modified retrospective method. The Company leases certain office space and equipment from third-parties. Leases with an initial term of 12 months or less are not recorded on the balance sheet and lease expense is recognized on a straight-line basis over the lease term. For leases beginning in 2019 and later, at the inception of a contract management assesses whether the contract is, or contains, a lease. The assessment is based on: (1) whether the contract involves the use of a distinct identified asset, (2) whether the right to substantially all the economic benefit from the use of the asset throughout the period is obtained, and (3) whether the Company has the right to direct the use of the asset. At the inception of a lease, management allocates the consideration in the contract to each lease component based on its relative stand-alone price to determine the lease payments. Leases entered into prior to January 1, 2019, are accounted for under ASC 840, Leases (“ASC 840”) and were not reassessed. The Company accounts for lease components (e.g., fixed payments including rent, real estate taxes and insurance costs) separately from the nonlease components (e.g., common-area maintenance costs). Most leases include one or more options to renew, with renewal terms that can extend the lease term from one year or more. The exercise of lease renewal options is at the Company’s sole discretion. Renewal periods are included in the lease term only when renewal is reasonably certain, which is a high threshold and requires management to apply judgment to determine the appropriate lease term. The Company’s leases do not include options to purchase the leased property. The depreciable life of assets and leasehold improvements are limited by the expected lease term. Certain lease agreements include rental payments adjusted periodically for inflation. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. All of the Company’s leases are classified as operating leases. The Company has elected not to recognize right-of-use assets and lease liabilities for short-term leases that have a term of 12 months or less. The effect of short-term leases and initial direct costs on our right-of-use asset and lease liability was not material. ASC 842 requires the Company to make certain assumptions and judgments in applying the guidance, including determining whether an arrangement includes a lease, determining the term of a lease when the contract has renewal or cancellation provisions, and determining the discount rate. As the rate implicit in the lease is not usually available, the Company used an incremental borrowing rate based on the information available at the adoption date of ASC 842 in determining the present value of lease payments for existing leases. The Company will use information available at the lease commencement date to determine the discount rate for any new leases. Refer to Note 11 for additional information. (l) Convertible Promissory Notes The Company accounts for its convertible notes at issuance by allocating the proceeds received from a convertible note among freestanding instruments according to ASC 470, Debt, based upon their relative fair values. The fair value of debt and common stock is determined based on the closing price of the common stock on the date of the transaction, and the fair value of warrants, if any, is determined using the Black-Scholes option-pricing model. Convertible notes are subsequently carried at amortized cost. The fair value of the warrants is recorded as additional paid-in capital, with a corresponding as a debt discount from the face amount of the convertible note. Each convertible note is analyzed for the existence of a beneficial conversion feature (“BCF”), defined as the fair value of the common stock at the commitment date for the convertible note, less the effective conversion price. Beneficial conversion features are recognized at their intrinsic value, and recorded as an increase to additional paid-in capital, with a corresponding reduction in the carrying amount of the convertible note (as a debt discount from the face amount of the convertible note). The discounts on the convertible notes, consisting of amounts ascribed to warrants and beneficial conversion features, are amortized to interest expense, using the effective interest method, over the terms of the related convertible notes. Beneficial conversion features that are contingent upon the occurrence of a future event are recorded when the contingency is resolved. The Company also analyzes the features of its convertible notes which, when triggered, mandate a downward adjustment to the instrument’s strike price (or conversion price) if equity shares are issued at a lower price (or equity-linked financial instruments are issued at a lower strike price) than the instrument’s then-current strike price. The purpose of the feature is typically to protect the instrument’s counterparty from future issuances of equity shares at a more favorable price. (m) Fair Value Measurements U. S. GAAP requires the categorization of financial assets and liabilities, based on the inputs to the valuation technique, into a three-level fair value hierarchy. The various levels of the fair value hierarchy are described as follows: · Level 1 - Unadjusted quoted market prices for identical assets and liabilities in an active market that the Company has the ability to access. · Level 2 - Quoted prices in markets that are not active or model inputs that are observable for substantially the full term of the asset or liability. · Level 3 - Prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. The fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The Company reviews the valuation techniques used to determine if the fair value measurements are still appropriate on an annual basis, and evaluates and adjusts the unobservable inputs used in the fair value measurements based on current market conditions and third-party information. Our financial assets and liabilities that are measured at fair value on a recurring basis include cash and cash equivalents, accounts receivable, accounts payable, accrued other expenses, other current liabilities and convertible notes. The fair values of these assets and liabilities approximate carrying amounts because of the short-term nature of these instruments. Our financial and non-financial assets and liabilities that are measured at fair value on a nonrecurring basis include goodwill and other intangible assets, asset retirement obligations, and adjustment in carrying amount of equity securities for which the measurement alternative of cost less impairment plus or minus observable price changes is used. Refer to Notes 2(f), 2(h), 2(i) and 2(j) for additional information on impairment losses. (n) Assets and Liabilities Held for Sale The Company classifies assets and liabilities (disposal group) to be sold as held for sale in the period in which all of the following criteria are met: (1) management, having the authority to approve the action, commits to a plan to sell the disposal groups; (2) the disposal group is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such disposal group; (3) an active program to locate a buyer and other actions required to complete the plan to sell the disposal group have been initiated; (4) the sale of the disposal group is probable, and (5) transfer of the disposal group is expected to qualify as a completed sale within one year, except if events or circumstances beyond the Company’s control extend the period of time required to sell the disposal group beyond one year; (6) the disposal group is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and (7) actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. The Company initially measures a disposal group that is classified as held for sale at the lower of its carrying amount or fair value less any costs to sell. Any loss resulting from this measurement is recognized in the period in which the held for sale criteria are met. Gains are not recognized on the sale of a disposal group until the date of sale. The Company assesses the fair value of a disposal group, less any costs to sell, each reporting period it remains classified as held for sale and reports any subsequent losses as an adjustment to the carrying amount of the disposal group. As part of this assessment, the Company also evaluates the criteria for reporting the disposal group as a discontinued operation. Factors which the Company considers includes, but is not limited to, the level of continuing involvement, if any, whether the disposal constitutes a strategic shift, and the relative magnitude of revenue, net income or loss, and total assets. (o) Foreign Currency Translation The Company uses the United States dollar (“$” or “USD”) as its reporting currency. The Company’s worldwide operations utilize the local currency or USD as the functional currency, where applicable. For certain foreign subsidiaries, USD is used as the functional currency, and the local records are maintained in USD. This occurs when the subsidiary is considered an extension of the parent. The functional currency of certain subsidiaries and VIEs located in the Peoples Republic of China (“PRC” or “China”) and Hong Kong is either the Renminbi (“RMB”) or Hong Kong dollars (“HKD”). In the consolidated financial statements, the financial information of the entities which use RMB and HKD as their functional currency has been translated into USD: assets and liabilities are translated at the exchange rates on the balance sheet date, equity amounts are translated at the historical exchange rates, and revenues, expenses, gains and losses are translated using the average rate for the period. Translation adjustments arising from these are reported as foreign currency translation adjustments and are shown as a component as a component of “Accumulated other comprehensive loss” in the equity section of the consolidated balance sheets. Transactions denominated in currencies other than functional currency are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated in the functional currency at the applicable rates of exchange in effect at the balance sheet date. The resulting exchange differences are recorded in “Other” in the consolidated statements of operations. (p) Revenue Recognition The Company adopted ASU No. 2014‑09, Revenue from Contracts with Customers , and other related ASUs (collectively, ASC 606, Revenue from Contracts with Customers ) (“ASC 606”) as of January 1, 2018 using the modified retrospective transition approach. The Company recognizes revenue when its customer obtains control of promised goods or services in an amount that reflects the consideration which the Company expects to receive in exchange for those goods or services. For most of the Company’s customer arrangements, control transfers to customers at a point in time, as that is generally when legal title, physical possession and risk and rewards of goods/services transfer to the customer. In certain arrangements, control transfers over time as the customer simultaneously receives and consumes the benefits as the Company completes the performance obligations. Our contracts with customers may include multiple performance obligations. For such arrangements, revenue is allocated to each performance obligation based on its relative standalone selling price. Standalone selling prices are based on the observable prices charged to customers or adjusted market assessment or using expected cost-plus margin when one is available. Adjusted market assessment price is determined based on overall pricing objectives taking into consideration market conditions and entity specific factors. Certain customers may receive discounts, which are accounted for as variable consideration. Variable consideration is estimated based on the expected amount to be provided to customers, and reduces revenues recognized. The Company records deferred revenues when cash payments are received or due in advance of performance, including amounts which are refundable. Substantially all of the deferred revenue as of December 31, 2018 was recognized as revenue in the year ended December 31, 2019. The Company does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less. (q) Advertising and Marketing Costs Advertising and marketing costs are expensed as incurred. Advertising and marketing costs were $24,394 and $0.2 million in the years ended December 31, 2019 and 2018, respectively. (r) Research and Development Costs The Company expenses research and development costs, including costs to develop software products or the software component of products to be sold, leased, or marketed to external users, before technological feasibility is reached. Technological feasibility is typically reached shortly before the release of such products and as a result, development costs that meet the criteria for capitalization were not material for the periods presented. Research and development costs also include costs to develop software to be used solely to meet internal needs and -based applications used to deliver our services. The Company capitalizes development costs related to these software applications once the preliminary project stage is complete and it is probable that the project will be completed and the software will be used to perform the function intended. The Company ceased research and development activities during the year ended December 31, 2018. All the software developed in the year ended December 31,2018 did not reach technological feasibility and therefore no costs were capitalized. (s) Share-Based Compensation The Company awards share options and other equity-based instruments to its employees, directors and consultants (collectively “share-based payments”). Compensation cost related to such awards is measured based on the fair value of the instrument on the grant date. The Company recognizes the compensation cost over the period the employee is required to provide service in exchange for the award, which generally is the vesting period. The amount of cost recognized is adjusted to reflect the expected forfeiture prior to vesting. When no future services are required to be performed by the employee in exchange for an award of equity instruments, and if such award does not contain a performance or market condition, the cost of the award is expensed on the grant date. The Company recognizes compensation cost for an award with only service conditions that has a graded vesting schedule on a straight-line basis over the requisite service period for the entire award, provided that the cumulative amount of compensation cost recognized at any date at least equals the portion of the grant-date value of such award that is vested at that date. (t) Income Taxes The Company accounts for income taxes in accordance with the asset and liability method. Deferred taxes are recognized for the future tax consequences attributable to temporary differences between the carrying amounts of assets and liabilities for financial statement purposes and income tax purposes using enacted rates expected to be in effect when such amounts are realized or settled. The effect on deferred taxes of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is established, as needed, to reduce the amount of deferred tax assets if it is considered more-likely-than-not that some portion or all of the deferred tax assets will not be realized. The Company recognizes the effect of uncertain income tax positions only if those positions are more-likely-than-not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company’s policy is to record interest and penalties related to uncertain tax positions as a component of income tax expense. There were no such interest or penalty for the years ended December 31, 2019 and 2018. On December 22, 2017 the Tax Cut and Jobs Act of 2017 (“the Tax Act”) was signed into law, which among other effects, reduces the U.S. federal corporate income tax rate to 21% from 34% (or 35% in certain cases) beginning in 2018, and requires companies to pay a one-time transition tax on certain unrepatriated earnings from non-U.S. subsidiaries that is payable over eight years. No tax was due under this provision. The Tax Act also makes the receipt of future non-U.S. sourced income of non-U.S. subsidiaries tax-free to U.S. companies and creates a new minimum tax on the earnings of non-U.S. subsidiaries relating to the parent’s deductions for payments to the subsidiaries. (u) Net Loss Per Share Attributable to IDEX Shareholders Net loss per share attributable to our shareholders is computed in accordance with ASC 260, Earnings Per Share (Topic 260) (“ASC 260”). The two-class method is used for computing earnings per share. Under the two-class method, net income is allocated between common shares and participating securities based on dividends declared (or accumulated) and participating rights in undistributed earnings as if all the earnings for the reporting period had been distributed. The Company’s convertible redeemable preferred shares are participating securities because the holders are entitled to receive dividends or distributions on an as converted basis. For the years presented herein, the computation of basic loss per share using the two-class method is not applicable as the Company is in a net loss position and net loss is not allocated to other participating securities, since these securities are not obligated to share the losses in accordance with the contractual terms. Basic net loss per share is computed by dividing net loss attributable to

Going Concern and Management's

Going Concern and Management's Plans	12 Months Ended
	Dec. 31, 2019
Going Concern and Management's Plans
Going Concern and Management's Plans	Note 3. Going Concern and Management’s Plans As of December 31, 2019, the Company had cash and cash equivalents of approximately $2.6 million and an accumulated deficit of approximately $248.5 million. Additionally, the Company has incurred losses since its inception and must continue to rely on proceeds from debt and equity issuances to pay for ongoing operating expenses in order to execute its business plan. The Company expects to continue to raise both equity and debt finance to support the Company's investment plans and operations. Although the Company may attempt to raise funds by issuing debt or equity instruments, in the future additional financing may not be available to the Company on terms acceptable to the Company or at all or such resources may not be received in a timely manner. If the Company is unable to raise additional capital when required or on acceptable terms, the Company may be required to scale back or to discontinue certain operations, scale back or discontinue the development of new business lines, reduce headcount, sell assets, file for bankruptcy, reorganize, merge with another entity, or cease operations. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The consolidated financial statements have been prepared assuming that the Company will continue as a going concern and, accordingly, do not include any adjustments that might result from the outcome of this uncertainty. If the Company is in fact unable to continue as a going concern, the shareholders may lose their entire investment in the Company.

Revenue

Revenue	12 Months Ended
	Dec. 31, 2019
Revenue
Revenue	Note 4. Revenue The following table summarizes the Company’s revenues disaggregated by revenue source and geography. Refer to Note 2 for additional information on revenue recognition. 2019 2018 Geographic Markets Singapore $ — $ 260,034,401 USA 41,873,064 638,412 Hong Kong — 117,070,059 PRC 2,693,891 — $ 44,566,955 $ 377,742,872 Product or Service Crude oil $ — $ 260,034,401 Consumer electronics — 116,723,251 Digital asset management services 40,700,000 — Electronic Vehicles 2,693,891 — Other 1,173,064 985,220 Total $ 44,566,955 $ 377,742,872 Timing of Revenue Recognition Products and services transferred at a point in time $ 3,866,955 $ 377,742,872 Services provided over time 40,700,000 — Total $ 44,566,955 $ 377,742,872

VIE Structure and Arrangements

VIE Structure and Arrangements	12 Months Ended
	Dec. 31, 2019
VIE Structure and Arrangements
VIE Structure and Arrangements	Note 5. VIE Structure and Arrangements The Company consolidated certain VIEs located in the PRC in which it held variable interests and was the primary beneficiary through contractual agreements. The Company was the primary beneficiary because it had the power to direct activities that most significantly affected their economic performance and had the obligation to absorb or right to receive the majority of their losses or benefits. The results of operations and financial position of these VIEs are included in the consolidated financial statements for the years ended December 31, 2019 and 2018, and as of December 31, 2018. A shareholder in one of the VIEs is the spouse of Bruno Wu (“Dr. Wu”), the Chairman of the Company. Refer to Note 10 for information on an additional VIE. The contractual agreements listed below, which collectively granted the Company the power to direct the VIEs activities that most significantly affected their economic performance, as well to cause the Company to have the obligation to absorb or right to receive the majority of their losses or benefits, were terminated by all parties on December 31, 2019. As a result, the Company deconsolidated the VIEs as of December 31, 2019. The deconsolidation resulted in a net loss of $2.0 million recorded in “Loss on disposal of subsidiaries, net” in the consolidated statements of operations, and a statutory income tax of $0.2 million. For these consolidated VIEs, their assets were not available to the Company and their creditors did not have recourse to the Company. As of December 31, 2018, assets (mainly long-term investments) that could only be used to settle obligations of these VIEs were $3.5 million, and the Company was the major creditor for the VIEs. Prior to December 31, 2019, in order to operate certain legacy YOD business in the PRC and to comply with PRC laws and regulations that prohibit or restrict foreign ownership of companies that provides value-added telecommunication services, the Company entered into a series of contractual agreements with two VIEs: Beijing Sinotop Scope Technology Co., Ltd (“Sinotop Beijing”) and Tianjin Sevenstarflix Network Technology Limited (“SSF”). These contractual agreements were initially set to expire in March 2030 and April 2036, respectively, and could not be terminated by the VIEs, except with the consent of, or a material breach by the Company. A shareholder in SSF is the spouse of Dr. Wu, the Chairman of the Company. The key terms of the VIE Agreements are summarized as follows: Equity Pledge Agreement The VIEs’ Shareholders pledged all of their equity interests in the VIEs (the “Collateral”) to YOD On Demand (Beijing) Technology Co., Ltd (“YOD WFOE”), the Company’s wholly-owned subsidiary in the PRC, as security for the performance of the obligations to make all the required technical service fee payments pursuant to the Technical Services Agreement and for performance of the VIEs’ Shareholders’ obligation under the Call Option Agreement. The terms of the Equity Pledge Agreement were set to expire upon satisfaction of all obligations under the Technical Services Agreement and Call Option Agreement. The Equity Pledge Agreement was terminated by all parties on December 31, 2019. Call Option Agreement The VIEs’ Shareholders granted an exclusive option to YOD WFOE, or its designee, to purchase, at any time and from time to time, to the extent permitted under PRC law, all or any portion of the VIEs’ Shareholders’ equity in VIEs. The exercise price of the option was to be determined by YOD WFOE at its sole discretion, subject to any restrictions imposed by PRC law. The term of the agreement was until all of the equity interest in the VIEs held by the VIEs’ Shareholders were transferred to YOD WFOE, or its designee and could not be terminated by any part to the agreement without consent of the other parties. The Call Option Agreement was terminated by all parties on December 31, 2019. Power of Attorney The VIEs’ Shareholders granted YOD WFOE the irrevocable right, for the maximum period permitted by law, all of its voting rights as shareholders of VIEs. The VIEs’ Shareholders could not transfer any of its equity interest in VIEs to any party other than YOD WFOE. The Power of Attorney agreements could not be terminated except until all of the equity in VIEs had been transferred to YOD WFOE or its designee. The Power of Attorney agreements were terminated by all parties on December 31, 2019. Technical Service Agreement YOD WFOE had the exclusive right to provide technical service, marketing and management consulting service, financial support service and human resource support services to the VIEs, and the VIEs were required to take all commercially reasonable efforts to permit and facilitate the provision of the services by YOD WFOE. As compensation for providing the services, YOD WFOE was entitled to receive service fees from the VIEs equivalent to YOD WFOE’s cost plus 20.0 to 30.0% of such costs as calculated on accounting policies generally accepted in the PRC. YOD WFOE and the VIEs agreed to periodically review the service fee and make adjustments as deemed appropriate. The term of the Technical Services Agreement was perpetual, and could only be terminated upon written consent of both parties. The Technical Services Agreement was terminated by all parties on December 31, 2019. Spousal Consent Pursuant to the Spousal Consent, undersigned by the respective spouse of the VIEs’ Shareholders, the spouses unconditionally and irrevocably agreed to the execution of the Equity Pledge Agreement, Call Option Agreement and Power of Attorney agreement. The spouses agreed to not make any assertions in connection with the equity interest of the VIEs and to waive consent on further amendment or termination of the Equity Pledge Agreement, Call Option Agreement and Power of Attorney agreement. The spouses further pledged to execute all necessary documents and take all necessary actions to ensure appropriate performance under these agreements upon YOD WFOE’s request. In the event the spouses obtained any equity interests of the VIEs which were held by the VIEs’ Shareholders, the spouses agreed to be bound by the VIE agreements, including the Technical Services Agreement, and comply with the obligations thereunder, including signing a series of written documents in substantially the same format and content as the VIE agreements. The Spousal Consents were terminated by all parties on December 31, 2019. Letter of Indemnification Pursuant to the Letter of Indemnification among YOD WFOE and each nominee shareholder, YOD WFOE agreed to indemnify such nominee shareholder against any personal, tax or other liabilities incurred in connection with their role in equity transfer to the greatest extent permitted under PRC law. YOD WFOE further waived and released the VIEs’ Shareholders from any claims arising from, or related to, their role as the legal shareholder of the VIE, provided that their actions as a nominee shareholder were taken in good faith and were not opposed to YOD WFOE’s best interests. The VIEs’ Shareholders were not entitled to dividends or other benefits generated therefrom, or to receive any compensation in connection with this arrangement. The Letter of Indemnification was to remain valid until either the nominee shareholder or YOD WFOE terminates the agreement by giving the other party hereto 60 days’ prior written notice. The Letter of Indemnification was terminated by all parties on December 31, 2019. Management Services Agreement In addition to VIE agreements described above, the Company’s subsidiary and the parent company of YOD WFOE, YOU On Demand (Asia) Limited, a company incorporated under the laws of Hong Kong (“YOD Hong Kong”) entered into a Management Services Agreement with each VIE. Pursuant to such Management Services Agreement, YOD Hong Kong had the exclusive right to provide to the VIE management, financial and other services related to the operation of the VIE’s business, and the VIE was required to take all commercially reasonable efforts to permit and facilitate the provision of the services by YOD Hong Kong. As compensation for providing the services, YOD Hong Kong was entitled to receive a fee from the VIE, upon demand, equal to 100.0% of the annual net profits as calculated on accounting policies generally accepted in the PRC of the VIE during the term of the Management Services Agreement. YOD Hong Kong could also request ad hoc quarterly payments of the aggregate fee, which payments would be credited against the VIE’s future payment obligations. In addition, at the sole discretion of YOD Hong Kong, the VIE was obligated to transfer to YOD Hong Kong, or its designee, any part or all of the business, personnel, assets and operations of the VIE which could be lawfully conducted, employed, owned or operated by YOD Hong Kong, including: (a) business opportunities presented to, or available to the VIE could be pursued and contracted for in the name of YOD Hong Kong rather than the VIE, and at its discretion, YOD Hong Kong could employ the resources of the VIE to secure such opportunities; (b) any tangible or intangible property of the VIE, any contractual rights, any personnel, and any other items or things of value held by the VIE could be transferred to YOD Hong Kong at book value; (c) real property, personal or intangible property, personnel, services, equipment, supplies and any other items useful for the conduct of the business could be obtained by YOD Hong Kong by acquisition, lease, license or otherwise, and made available to the VIE on terms to be determined by agreement between YOD Hong Kong and the VIE; (d) contracts entered into in the name of the VIE could be transferred to YOD Hong Kong, or the work under such contracts may be subcontracted, in whole or in part, to YOD Hong Kong, on terms to be determined by agreement between YOD Hong Kong and the VIE; and (e) any changes to, or any expansion or contraction of, the business could be carried out in the exercise of the sole discretion of YOD Hong Kong, and in the name of and at the expense of, YOD Hong Kong; (f) provided, however, that none of the foregoing may cause or have the effect of terminating (without being substantially replaced under the name of YOD Hong Kong) or adversely affecting any license, permit or regulatory status of the VIE. The Management Services Agreement was terminated by all parties on December 31, 2019. Loan Agreement Pursuant to the Loan Agreement dated April 5, 2016, YOD WFOE agreed to lend RMB 19.8 million and RMB 0.2 million, respectively, to the VIEs’ Shareholders, one of whom is the spouse of Dr. Wu, the Company’s Chairman, for the purpose of establishing SSF and for development of its business. As of December 31, 2018, RMB27.6 million ($4.2 million) had been lent to VIEs’ Shareholders which had contributed all of the RMB27.6 million ($4.2 million) in the form of capital contribution to SSF. The loan could only be repaid by a transfer by the VIEs’ Shareholders of their equity interests in SSF to YOD WOFE or YOD WOFE’s designated persons, through (1) YOD WOFE having the right, but not the obligation to at any time purchase, or authorize a designated person to purchase, all or part of the VIEs’ Shareholders’ equity interests in SSF at such price as YOD WOFE shall determine (the “Transfer Price”), (2) all monies received by the VIEs’ Shareholders through the payment of the Transfer Price being used solely to repay YOD WOFE for the loans, and (3) if the Transfer Price exceeds the principal amount of the loans, the amount in excess of the principal amount of the loans being deemed as interest payable on the loans, and to be payable to YOD WOFE in cash. Otherwise, the loans were deemed to be interest free. The term of the Loan Agreement was perpetual, and could only be terminated upon the VIEs’ Shareholders receiving repayment notice, or upon the occurrence of an event of default under the terms of the agreement. The loan extended to the Nominee Shareholders and the capital of SSF are fully eliminated in the consolidated financial statements. The Loan Agreement was terminated by all parties on December 31, 2019. The termination of the Loan Agreement resulted in a loss of $5.1 million. Therefore, the Company considers that there was no asset of the VIEs that could be used only to settle obligation of the Company, except for the registered capital of VIEs amounting to RMB38.2 million ($5.8 million) as of December 31, 2018.

Acquisitions and Divestitures

Acquisitions and Divestitures	12 Months Ended
	Dec. 31, 2019
Acquisitions and Divestitures
Acquisitions and Divestitures	Note 6. Acquisitions and Divestitures 2019 Acquisitions (a) Acquisition of On December 26, 2019, the Company completed the acquisition of a 51.0% interest in Tree Technologies, a Malaysian company engaged in the EV market. The acquisition price was comprised of (1) $0.9 million in cash, (2) 9,500,000 shares of Ideanomics common stock, and (3) earnout payments (the ”Earnout”) of up to $32.0 million over three years, to be paid in cash or Ideanomics common shares at the election of the Company. The Earnout is based upon revenue targets over three 12 month periods beginning in Q4 2019. The fair value of the Ideanomics stock was based upon the closing price of $0.82 on December 26, 2019, and the preliminary fair value of the Earnout was estimated to be $17.3 million, and was recorded as a liability on the date of acquisition. The Company estimated the fair value of the Earnout using a scenario based method which incorporates various estimates, including projected gross revenue for the periods, probability estimates, discount rates and other factors. This fair value measurement is based on significant Level 3 inputs. The resulting probability-weighted cash flows were discounted using the Company’s estimated weighted average cost of capital of 30.0% Tree Technologies holds the land use rights for 250 acres of vacant land zoned for industrial development in the Begeng Industrial Area adjacent to Kuantan Port. Kuantan is the capital city of the state of Pahang on the east coast of Peninsular Malaysia. The Company intends to develop this land and lease it to Tree Manufacturing for the manufacture of EVs. Tree Technologies holds an exclusive right to market and distribute the EVs manufactured by Tree Manufacturing. The goodwill arising from the acquisition consists largely of the synergies expected from the fulfillment of these contracts. None of the goodwill recognized is expected to be deductible for tax purposes. The following table summarizes the acquisition-date preliminary fair value of assets acquired and liabilities assumed, as well as the fair value of the non-controlling interest in Tree Technologies recognized. The Company has recorded provisional amounts for these items as well as for the Earnout mentioned above. The Company expects to finalize the fair value analysis of the assets acquired, liabilities assumed, the noncontrolling interest, and the Earnout within one year subsequent to the acquisition, and therefore adjustments to assets and liabilities will occur and may be significant. Cash $ 229 Land use rights 27,078,944 Accounts payable (743,250) Noncontrolling interest (24,985,292) Goodwill 13,316,226 Marketing and distribution agreement 11,332,473 $ 25,999,330 The accounts payable above of $0.7 million primarily represents the transfer tax payable for the land use rights for the 250 acres of vacant land; should the Company fail to fulfill its obligations to pay the transfer tax payable it would forfeit its land use rights. Tree Technologies had not commenced operations as of the acquisition date, therefore pro forma results as if the acquisition had occurred as of January 1, 2018, and related information, are not presented. (b) Acquisition of Grapevine Logic, Inc. (“Grapevine”) Refer to Note 6(d) for additional information on the acquisition of Grapevine, and the initial terms of the agreement and the Option Agreement (as subsequently defined). In May 2019, the Company entered into two amendments to the Option Agreement. The aggregate exercise price for the Option was amended to the greater of: (1) fair market value of the Fomalhaut Interest in Grapevine as of the close of business on the date preceding the date upon which the option is exercised; and (2) $1.84 per share of the Company’s common stock. It was also agreed that the full amount of the exercise price shall be paid in the form of common stock of the Company. In June 2019, the Company issued 0.6 million shares in exchange for a 34.3% ownership in Grapevine as a result of the exercise of the Option. At the completion of this transaction the Company owned 100.0% of Grapevine. At the date of the transaction, the carrying amount of the non-controlling interest in Grapevine was $0.5 million. The difference between the value of the consideration exchanged of $1.1 million and the carrying amount of the non-controlling interest in Grapevine is recorded as a debit to Additional paid-in capital based on ASC 810-10-45-23. (c) Acquisition of Delaware Board of Trade Holdings, Inc. (“DBOT”) In April 2019, the Company entered into a securities purchase agreement to acquire 6.9 million shares in DBOT in exchange for 4.4 million shares of the Company’s common stock at $2.11 per share. In July 2019, the Company entered into another securities purchase agreement to acquire an additional 2.2 million shares in DBOT in exchange for 1.4 million shares of the Company’s common stock at $2.11 per share. The two transactions, which increased the Company’s ownership in DBOT to 99.0%, were completed in July 2019. The securities purchase agreements required the Company to issue additional shares of the Company’s common stock (“True-Up Common Stock”) in the event the stock price of the common stock falls below $2.11 at the close of trading on the date immediately preceding the lock-up date, which is 9 months from the closing date. The Company accounted for the additional True-Up Common Stock consideration as a liability in accordance with ASC 480. The Company recorded this liability at fair value of $2.2 million on the date of acquisition. As of December 31, 2019, the Company remeasured this liability to $7.3 million and the remeasurement loss of $5.1 million was recorded in “Acquisition earn-out expense” in the consolidated statements of operations. Immediately prior to the consummation of the transaction, the Company’s investment in DBOT had a fair value of $3.1 million, and the Company recorded a loss of $3.2 million to record the investment in DBOT to its fair value. This loss was recorded in “Loss on remeasurement of DBOT investment” in the consolidated statements of operations. The fair value of the investment in DBOT immediately prior to the consummation of the transaction was determined in conjunction with the overall fair value determination of the DBOT assets acquired and liabilities assumed. DBOT operates three companies: (1) DBOT ATS LLC, an SEC recognized Alternative Trading System (“ATS”); (2) DBOT Issuer Services LLC, focused on setting and maintaining issuer standards, as well as the provision of issuer services to DBOT designated issuers; and (3) DBOT Technology Services LLC, focused on the provision of market data and marketplace connectivity. The goodwill arising from the acquisition consists largely of the synergies and economies of scale expected from combining the operations of the Company and DBOT, as the Company executes its business plan of selling digital tokens and digital assets and other commodities on an approved ATS. The consolidated statements of operation for the year ended December 31, 2019 include the results of DBOT from July 2019 to December 31, 2019. For the time period from July 2019 through December 31, 2019, DBOT contributed $15,838 and $1.9 million to the Company’s revenue and net loss, respectively. The following table summarizes supplemental information on an unaudited pro forma basis, as if the acquisition had been consummated as of January 1, 2018: December 31, 2019 December 31, 2018 Revenue $ 44,675,864 $ 378,242,165 Net loss attributable to IDEX common shareholders (99,417,257) (30,164,664) The unaudited pro forma results of operations do not purport to represent what the Company’s results of operations would actually have been had the acquisition occurred on January 1, 2018. Actual future results may vary considerably based on a variety of factors beyond the Company’s control. The following table summarizes the acquisition-date fair value of assets acquired and liabilities assumed, as well as the fair value of the non-controlling interest in DBOT recognized: Cash $ 246,929 Other financial assets 1,686,464 Financial liabilities (4,411,140) Noncontrolling interest (104,649) Goodwill 9,323,189 Intangible asset – continuing membership agreement 8,255,440 Intangible asset – customer list 58,830 $ 15,055,063 The excess of the consideration over the fair value of the net assets acquired has been recorded as goodwill, of which none is expected to be deductible for tax purposes. For all intangible assets acquired, continuing membership agreements have useful life of 20 years and the customer list has useful life of 3 years. 2018 Acquisitions ( d) Grapevine Logic, Inc. (“Grapevine”) On September 4, 2018, the Company completed the acquisition of 65.7% share of Grapevine for $2.4 million in cash. Grapevine is an end-to-end influencer marketing platform that facilitates collaboration between advertisers and brands with video based social influencers and content creators. The goodwill arising from the acquisition consists largely of the synergies and economies of scale expected from combining the operations of the Company and Grapevine. None of the goodwill recognized is expected to be deductible for income tax purposes. The transaction was accounted for as a business combination. The following table summarizes the amounts of the assets acquired and liabilities assumed recognized at the acquisition date, as well as the fair value at the acquisition date of the non-controlling interest in Grapevine: Cash $ 508,000 Other financial assets 388,000 Financial liabilities (747,000) Noncontrolling interest (679,000) Goodwill 705,000 Influencer network 1,980,000 Customer contracts 500,000 Trade name 110,000 Technology platform 290,000 Deferred tax liabilities (570,000) $ 2,485,000 Pro forma results of operations for Grapevine have not been presented because it is not material to the consolidated results of operations. For all intangible assets acquired and purchased during the year ended December 31, 2018, the influencer network has a weighted-average useful life of 10 years, customer contracts have a weighted-average useful life of 3 years, the trade name has a weighted-average useful life of 15 years and technology platform has a weighted-average useful life of 7 years. Fomalhaut Limited (“Fomalhaut”), a British Virgin Islands company and an affiliate of Dr. Wu, is the non-controlling equity holder of 34.4% in Grapevine (the “Fomalhaut Interest”). Fomalhaut entered into an option agreement, effective as of August 31, 2018 (the “Option Agreement”), with the Company pursuant to which the Company provided Fomalhaut with the option to sell the Fomalhaut Interest to the Company. The aggregate sale price for the Fomalhaut Interest is the fair market value of the Fomalhaut Interest as of the close of business on the date preceding the date upon which the right to sell the Fomalhaut Interest to the Company is exercised by Fomalhaut. If the option is exercised, the sale price for the Fomalhaut Interest is payable in a combination of 1/3 in cash and 2/3 in the Company’s shares of common stock at the then market value on the exercise date. The Option Agreement will expire on August 31, 2021. Refer to Note 6(b) for additional information on the amendment and exercise of the Option Agreement. (e) Shanghai Guang Ming Investment Management (“Guang Ming”) On April 24, 2018, the Company completed the acquisition of 100.0% equity ownership in Guang Ming, a PRC limited liability company, for a total purchase price of $0.4 million in cash. One of the two selling shareholders is a related party, an affiliate of Dr. Wu. Guang Ming holds a special fund management license. The acquisition will help the Company develop a fund management platform. Under ASC 805‑50‑05‑5 and ASC 805‑50‑30‑5, the transaction was accounted for as a reorganization of entities under common control, in a manner similar to a pooling of interest, using historical costs. As a result of the reorganization, the net assets of Guang Ming were transferred to the Company, and the accompanying consolidated financial statements have been prepared as if the current corporate structure had been in place at the beginning of periods presented in which the common control existed. 2019 Divestitures The Company may divest certain businesses from time to time based upon review of the Company’s portfolio considering, among other items, factors relative to the extent of strategic and technological alignment and optimization of capital deployment, in addition to considering if selling the businesses results in the greatest value creation for the Company and for shareholders. (f) Red Rock Global Capital LTD (“Red Rock”) In May 2019, the Company determined to sell the Red Rock business and entered into an agreement with Redrock Capital Group Limited, an affiliate of Dr. Wu, to sell its entire interest in Red Rock for consideration of $0.7 million. The Company decided to sell Red Rock primarily because it has incurred operating losses and its business is no longer needed based on the Company’s business plan. The transaction was completed in July 2019 and the Company recorded a disposal gain of $0.6 million recorded in “Loss on disposal of subsidiaries, net” in the consolidated statements of operations. (g) Amer Global Technology Limited (“Amer”) On June 30, 2019, the Company entered into an agreement with BCC Technology Company Limited (“BCC”) and Tekang Holdings Technology Co., Ltd (“Tekang ”) pursuant to which Tekang will inject certain assets in the robotics and electronic internet industry and Internet of Things business consisting of manufacturing data, supply chain management and financing, and lease financing of industrial robotics into Amer in exchange for 71.8% of ownership interest in Amer. The parties subsequently entered into several amendments including (1) changing the name of Amer to Logistorm Technology Limited, (2) issuing 39,500 new shares in Amer or 71.8% ownership interest to BCC instead of Tekang, (3) issuing 5,500 new shares in Amer or 10.0% ownership interest to Merry Heart Technology Limited (“MHT”) and (4) the Company is responsible for 20.0% of any potential tax obligation associated with Amer, if Amer fails to be publicly listed in 36 months from the closing date of this transaction. The Company concluded that it’s not probable that this contingent liability would be incurred. As a result of this transaction, the Company’s ownership interest in Amer was diluted from 55.0% to 10.0%. The transaction was completed on August 31, 2019. The Company recognized a disposal gain of $0.5 million as a result of the deconsolidating Amer, and such gain was recorded in “Loss on disposal of subsidiaries, net” in the consolidated statements of operations. $0.1 million of the gain is attributable to the 10.0% ownership interest retained in Amer. In addition, on the date Amer was deconsolidated, the Company recorded a bad debt expense of $0.6 million relating to a receivable due from Amer to a subsidiary of the Company, which was recorded in “Selling, general and administrative expense” in the consolidated statements of operations. The following table summarizes the consolidated statement of operations for the year ended December 31, 2018, on an unaudited pro forma basis, as if the dilution of the Company’s interest in Amer had been consummated as of January 1, 2018: December 31, 2018 Revenue $ 261,026,833 Net loss from operations (25,031,090) Net loss (27,243,059) Net loss attributable to IDEX common shareholders (26,246,331) Pro forma results of operations for the year ended December 31, 2019 have not been presented because they are not material to the consolidated results of operations. Amer had no revenue and minimal operating expenses in the year ended December 31, 2019. 2018 Divestitures (h) Wide Angle and Shanghai Huicang Supplychain Management Ltd. In December 2018, the Company entered into an agreement with Hooxi, an entity listed on the TSX venture exchange in Canada, and completed the sale of its investment (55.0% interest) in Wide Angle and Shanghai Huicang Supplychain Management Ltd., whose operations mainly focus on magazines printing, for a nominal amount. This business had annual sales of $0.3 million and continued to incur losses with minimal net assets. The transaction resulted in a loss of $1.2 million and was recorded in “Loss on disposal of subsidiaries, net” in the consolidated statements of operations.

Accounts Receivable

Accounts Receivable	12 Months Ended
	Dec. 31, 2019
Accounts Receivable
Accounts Receivable	Note 7. Accounts Receivable The following table summarizes the Company’s accounts receivable: December 31, December 31, 2019 2018 Accounts receivable, gross $ 2,404,972 $ 19,370,665 Less: allowance for doubtful accounts (103) — Accounts receivable, net $ 2,404,869 $ 19,370,665 The following table summarizes the movement of the allowance for doubtful accounts: December 31, December 31, 2019 2018 Balance at the beginning of the year $ — $ 3,646 Disposal of Zhong Hai Shi Xun — (3,646) Acquisition of DBOT (103) — Balance at the end of the year $ (103) $ —

Property and Equipment, net

Property and Equipment, net	12 Months Ended
	Dec. 31, 2019
Property and Equipment, net
Property and Equipment, net	Note 8. Property and Equipment, net The following table summarizes the Company’s property and equipment: December 31, December 31, 2019 2018 Furniture and office equipment $ 441,283 $ 357,064 Vehicle 62,052 63,135 Leasehold improvements 242,627 200,435 Total property and equipment 745,962 620,634 Less: accumulated depreciation (367,509) (186,514) Land 3,042,777 3,042,777 Building 308,779 2,607,666 Assets retirement obligations - environmental remediation 6,496,115 8,000,000 Capitalized direct development cost 2,713,356 944,864 Construction in progress (Fintech Village) 12,561,026 14,595,307 Property and Equipment, net 12,939,480 $ 15,029,427 The Company recorded depreciation expense of $0.1 million and $0.1 million in the years ended December 31, 2019 and 2019, respectively. Global Headquarters for Technology and Innovation in Connecticut (“Fintech Village”) On October 10, 2018, the Company purchased a 58‑acre former University of Connecticut campus in West Hartford from the State of Connecticut for $5.2 million in cash and also assumed responsibility of the environmental remediation. The Company obtained a surety bond in favor of the University of Connecticut and the State of Connecticut (the “Seller”) in connection with the Company’s environmental remediation obligations. In order to obtain the surety bond, the Company was required to post $3.6 million in cash collateral with the bonding company and recorded in “Other non-current assets” in the consolidated balance sheet as of December 31, 2018. The Company recorded asset retirement obligations in the amount of $8.0 million as of December 31, 2018 which was the estimates performed by the Seller and at a discount to the purchase price, therefore, the Company considered it a reasonable estimate of fair value of its asset retirement obligation pursuant to ASC 410‑20‑25‑6. The Company will assess asset retirement obligations periodically as assessment and remediation efforts progress or as additional technical or legal information becomes available. The following table summarizes the activity in the asset retirement obligation for the year ended December 31, 2109: January 1, Liabilities Remediation Accretion December 31, 2019 Incurred Performed Expense Revisions 2019 Asset retirement obligation $ 8,000,000 $ — $ 2,905,800 $ — $ — $ 5,094,200 In connection with the acquisition, the Company also entered into an Assistance Agreement by and between the State of Connecticut, acting by the Department of Economic and Community Development (the “Assistance Agreement"), pursuant to which the State of Connecticut may provide up to $10.0 million of financial assistance (the “Funding”) which in such case shall be evidenced by a promissory note, provided, however, that the aggregate principal of the funding shall not exceed 50% of the cost of the project. The Company will provide security for its obligation to repay the Funding to the State of Connecticut in the form of a first position mortgage. The Company agrees that in exchange for the Funding it will provide a minimum number of jobs at a minimum annual amount of compensation by December 31, 2021. Failure of the Company to do so will subject it to certain cash penalties for each employee below the minimum employment threshold. If the Company meets the employment obligations it is eligible for forgiveness of up to $10.0 million of the Funding. The Company will agree to certain covenants with respect to the Funding and such Funding may become immediately due and payable upon the occurrence of certain standard events of default. There were no borrowings from the Funding as of December 31, 2019 and 2018. The Company capitalized direct costs incurred on Fintech Village and the capitalized cost is recorded as part of Construction in progress. Capitalized costs were $2.7 million and $0.9 million as of December 31,2019 and 2018, respectively, and are primarily related to the legal and architect costs. In the year ended December 31, 2019, the Company impaired buildings with a carrying amount of $2.3 million, which were subsequently demolished, and impaired related asset retirement costs of $1.5 million. The Company has identified Fintech Village as a non-core asset and is evaluating its strategies for divesting of this asset.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	12 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets
Goodwill and Intangible Assets	Note 9. Goodwill and Intangible Assets Goodwill The following table summarizes changes in the carrying amount of goodwill for the years ended December 31, 2019 and 2018: Balance as of January 1, 2018 $ — Acquisitions 704,884 Balance as of December 31, 2018 704,884 Acquisitions 22,639,415 Balance as of December 31, 2019 $ 23,344,299 Intangible Assets The following table summarizes information regarding amortizing and indefinite lived intangible assets: December 31, 2019 December 31, 2018 Weight Average Gross Gross Remaining Carrying Accumulated Impairment Net Carrying Accumulated Impairment Net Useful Life Amount Amortization Loss Balance Amount Amortization Loss Balance Amortizing Intangible Assets Animation Copyright — $ — — — — 301,495 (64,606) — 236,889 Software and licenses — 97,308 (97,308) — — 97,308 (93,251) — 4,057 Solid Opinion IP (a) 4.2 4,655,000 (775,833) — 3,879,167 — — — — Fintalk intangible assets (b) — 6,350,000 (635,000) (5,715,000) — — — — — Influencer network (c) 8.7 1,980,000 (264,000) — 1,716,000 1,980,000 (66,000) — 1,914,000 Customer contract (c) 1.7 500,000 (222,222) — 277,778 500,000 (55,556) — 444,444 Continuing membership agreement (d) 19.5 8,255,440 (206,386) — 8,049,054 — — — — Customer list 2.5 58,830 (9,805) — 49,025 — — — — Trade name (c) 13.7 110,000 (9,778) — 100,222 110,000 (2,444) — 107,556 Technology platform (c) 5.7 290,000 (55,238) — 234,762 290,000 (13,808) — 276,192 Land use rights (e) 99 27,078,944 — — 27,078,944 — — — — Marketing and distribution agreement (e) 5 11,332,473 — — 11,332,473 — — — — Total 60,707,995 (2,275,570) (5,715,000) 52,717,425 3,278,803 (295,665) — 2,983,138 Indefinite lived intangible assets Website name (f) 159,504 — (134,290) 25,214 159,504 — (134,290) 25,214 Patent 28,000 — — 28,000 28,000 — — 28,000 GTB (g) 61,124,407 — (61,124,407) — — — — — Total $ 122,019,906 $ (2,275,570) $ (66,973,697) $ 52,770,639 $ 3,466,307 $ (295,665) $ (134,290) $ 3,036,352 a) During the first quarter of 2019, the Company completed the acquisition of certain assets from SolidOpinion in exchange for 4.5 million shares of the Company’s common stock with a fair value of $7.2 million. The assets acquired included cash of $2.5 million and intellectual property (“IP”) which is complementary to the IP of Grapevine. The parties agreed that 0.5 million of such shares of common stock (“Escrow Shares”) will be held in escrow until February 19, 2020 in connection with SolidOpinion’s indemnity obligations pursuant to the agreement. SolidOpinion has the rights to vote and receive the dividends paid with respect to the Escrow Shares. The Escrow Shares were scheduled to be released on February 19, 2020, and the Company has commenced the necessary steps to release the shares from escrow. b) In September 2018, the Company entered into an agreement to purchase Fintalk Assets from Sun Seven Star International Limited, a Hong Kong company and an affiliate of Dr. Wu. FinTalk Assets include the rights, titles and interest in a secure mobile financial information, social, and messaging platform that has been designed for streamlining financial-based communication for professional and retail users. The initial purchase price for the Fintalk Assets was $7.0 million payable with $1.0 million in cash and shares of the Company’s common stock with a fair market value of $6.0 million. The Company paid $1.0 million in October 2018 and recorded this amount in prepaid expenses as of December 31, 2018 because the transaction had not closed. The purchase price was later amended to $6.4 million, payable with $1.0 million in cash and shares of the Company’s common stock with a value of $5.4 million. The Company issued 2.9 million common shares in June 2019 and completed the transaction. In the fourth quarter of 2019, management determined these assets had no future use and recorded an impairment loss of $5.7 million. c) During the third quarter of 2018, the Company completed the acquisition of 65.7% share of Grapevine. Refer to Note 6(b) and 6(d). d) During the third quarter of 2019, the Company completed the acquisition of additional shares in DBOT, which increased its ownership to 90.0 %. Intangible assets of $8.3 million were recognized on the date of acquisition. Refer to Note 6(c) e) During the fourth quarter of 2019, the Company completed the acquisition of a 51.0% interest in Tree Technologies, a Malaysian company engaged in the EV market. Refer to Note 6(a) for additional information. f) The Company recorded an impairment loss for the YOD website in the amount of $0.1 million in the year ended December 31, 2018 since the website was no longer in use. g) During the first quarter of 2019, the Company completed the sale of certain intangible assets to GTD, and entered into a service agreement with GTD, a minority shareholder, in exchange for GTB. As a result of these transactions, the Company received 8.3 million GTB. On October 29, 2019, GTB had an unexpected significant decline in quoted price, from $17.00 to $1.84. This decline continued through the fourth quarter of 2019, and on December 31, 2019 the quoted price was $0.23. As a result of this decline in quoted price, and its inability to convert GTB into other digital currencies which were more liquid, or fiat currency, the Company performed an impairment analysis in the fourth quarter of 2019 and recorded an impairment loss of $61.1 million. Refer to Note 15(b) for additional information. Amortization expense, excluding impairment losses of $66.8 million and $0.1 million mentioned above, relating to intangible assets was $2.1 million and $0.2 million for the years ended December 31, 2019, and 2018, respectively. The following table summarizes future expected amortization expense: Amortization to be Years ending December 31, recognized 2020 $ 4,316,830 2021 4,261,274 2022 4,140,358 2023 4,130,553 2024 and thereafter 35,868,410 Total $ 52,717,425 The above table assumes that the amortization commences on the Land use rights and Marketing and distribution agreement on January 1, 2020; however, actual amortization may commence at a later date as EV production commences.

Long-term Investments

Long-term Investments	12 Months Ended
	Dec. 31, 2019
Long-term Investments
Long-term Investments	Note 10. Long-term Investments The following table summarizes the composition of long-term investments: December 31, December 31, 2019 2018 Non-marketable equity investment $ 5,967,911 $ 9,452,103 Equity method investment 16,653,586 16,956,506 Total $ 22,621,497 $ 26,408,609 Non-marketable equity investment Our non-marketable equity investments are investments in privately held companies without readily determinable fair values are carried at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. The Company reviews its equity securities without readily determinable fair values on a regular basis to determine if the investment is impaired. For purposes of this assessment, the Company considers the investee’s cash position, earnings and revenue outlook, liquidity and management ownership, among other factors, in its review. If management’s assessment indicates that an impairment exists, the Company estimates the fair value of the equity investment and recognizes in current earnings an impairment loss that is equal to the difference between the fair value of the equity investment and its carrying amount. Based on management’s analysis of certain investment’s performance, impairment losses of $3.0 million and $0 were recorded in the years ended December 31, 2019 and 2018 and are recorded in “Impairment of assets” in the consolidated statements of operations. The Company sold one non-marketable equity investment with a carrying amount of $3.2 million for GTB and recognized no gain or loss on the sale. Refer to Note 15(b) for additional information. Equity method investments The following table summarizes the Company’s investment in companies accounted for using the equity method of accounting: December 31, 2019 Income (loss) Reclassification Impairment Foreign currency January 1, 2019 Addition on investment to subsidiaries losses Disposal translation adjustments December 31, 2019 Wecast Internet (a) $ 4,114 $ — $ 4 $ — $ (6,048) $ — $ 1,930 $ — Hua Cheng (b) 308,666 — (33,189) — — (245,138) (30,339) — BDCG (c) 9,800,000 — — — — — — 9,800,000 DBOT (d) 6,843,726 — (3,719,735) (3,123,991) — — — — Glory (e) — 19,991,600 (76,170) — (13,061,844) — — 6,853,586 Total $ 16,956,506 $ 19,991,600 $ (3,829,090) $ (3,123,991) $ (13,067,892) $ (245,138) $ (28,409) $ 16,653,586 December 31, 2018 Loss on Impairment Foreign currency January 1, 2018 Addition investment loss translation adjustments December 31, 2018 Wecast Internet (a) $ 6,044 $ — $ (1,935) $ — $ 5 $ 4,114 Hua Cheng (b) 353,498 — (46,070) — 1,238 308,666 BDCG (c) — 9,800,000 — — — 9,800,000 DBOT (d) — 6,976,346 (132,620) — — 6,843,726 Total $ 359,542 $ 16,776,346 $ (180,625) $ — $ 1,243 $ 16,956,506 All the investments above are privately held companies; therefore, quoted market prices are not available. The Company has received no dividends from equity method investees in the years ended December 31, 2019 and 2018. a) Wecast Internet As of December 31, 2019 and 2018, the Company has a 50.0% interest in Wecast Internet Limited (“Wecast Internet”). Wecast Internet is in the process of liquidation and the remaining carrying amount of $6,048 was impaired. b) Hua Cheng Hu Dong (Beijing) Film and Television Communication Co., Ltd. (“Hua Cheng”) As of December 31, 2018, the Company held a 39.0% equity ownership in Hua Cheng, a company established to provide integrated value-added service solutions for the delivery of video on demand and enhanced content for cable providers. This investment was held by a PRC VIE and was deconsolidated on December 31, 2019. Refer to Note 5 for additional information on the PRC VIEs. c) BBD Digital Capital Group Ltd. (“BDCG”) In 2018, the Company signed a joint venture agreement with two unrelated parties, to establish BDCG located in the United States for providing block chain services for financial or energy industries by utilizing artificial intelligence and big data technology in the United States. On April 24, 2018, the Company acquired 20.0% equity ownership in BDCG from one noncontrolling party for total consideration of $9.8 million which consisted of $2.0 million in cash and $7.8 million paid in the form of the Company’s capital stock (valued at $2.60 per share and equal to 3.0 million shares of the Company’s common stock), increasing the Company’s ownership to 60.0%. The remaining 40.0% of BDCG are held by Seasail Ventures Limited (“Seasail”). The accounting treatment of the joint venture is based on the equity method due to variable substantive participating rights (in accordance with ASC 810‑10‑25‑11) granted to Seasail. The new entity is currently in the process of ramping up its operations. Intelligenta has yet to record revenue or earnings or losses, and therefore its statement of operations and balance sheet data are not material. As of December 31, 2019 and 2018, the excess of the Company’s investment over its proportionate share of Intelligenta’s net assets was $9.8 million and $9.8 million, respectively. The difference represents goodwill and is not being amortized. d) Delaware Board of Trade Holdings, Inc. (“DBOT”) DBOT is an approved and licensed FINRA- and SEC-regulated electronic trading platform with operations in Delaware. One of the Company’s subsidiaries is powered by DBOT’s platform, trading system and technology. The Company previously accounted for this investment using the cost method as the Company then owned less than 4.0% of the common shares and the Company did not have significant influence over DBOT. In October 2018, the Company issued 2.3 million shares of the Company’s common stock to acquire additional shares in DBOT, thereby increasing its holdings to 36.9%. As a result, the Company changed its method of accounting for this investment to the equity method. The effect of the change from cost method to equity method was immaterial. In July 2019, the Company issued 6.7 million shares of the Company’s common stock to acquire additional shares in DBOT, thereby increasing its holdings to 99.0%. As a result, the Company began to consolidate DBOT. Refer to Note 6(c) for additional information on the acquisition and consolidation of DBOT. e) Glory Connection Sdn. Bhd (“Glory”) On July 18, 2019, the Company entered into an acquisition agreement to purchase a 34.0% interest in Glory, a Malaysian company, from its shareholder Beijing Financial Holding Limited, a Hong Kong registered company, for the consideration of 12.2 million restricted common shares of the Company, initially representing $24.4 million at $2.00 per share, the contract price, and subsequently revised to $20.0 million at $1.64 per share, the closing price on the date of acquisition. As part of this transaction, the Company was also granted an option to purchase a 40.0% interest in Bigfair Holdings Limited (“Bigfair”) from its shareholder Beijing Financial Holding Limited for an exercise price of $13.2 million in the form of common shares of the Company. Bigfair currently holds a 51.0% ownership stake in Glory. The option is exercisable from July 18, 2020 to July 19, 2021. If the option is exercised, the Company would have 20.4% indirect ownership in Glory in addition to the 34.0% direct ownership it already has. Upon the initial investment, the Company performed a valuation analysis and allocated $23.0 million and $1.4 million of the consideration transferred to the equity method investment and the call option, respectively, which was subsequently revised to $20.0 million and $0, respectively. Glory is currently in the process of ramping up its operations. As initially contemplated, Glory, through its subsidiary Tree Manufacturing, would hold a domestic EV manufacturing license in Malaysia, a marketing and distribution agreement for EVs in the ASEAN region, as well as the land use rights for 250 acres of vacant land zoned for industrial development in the Begeng Industrial Area adjacent to Kuantan Port. Kuantan is the capital city of the state of Pahang on the east coast of Peninsular Malaysia, which was to be the site of the manufacturing operations. In December 2019, the Company acquired a 51.0% ownership interest in Tree Technologies. Tree Technologies had previously been granted the land use rights to the 250 acres of vacant land mentioned above, which was previously anticipated would be owned by Glory. As Glory would no longer receive the land use rights to the 250 acres of vacant land, the Company evaluated its investment in Glory for impairment, and recorded an impairment loss of $13.1 million in “Impairment of and equity in loss of equity method investees” in the consolidated statements of operations. Tree Technologies has also entered into a product supply arrangement and a product distribution arrangement with a subsidiary of Glory. The Company performed an assessment of these arrangements, and determined that Glory is a variable interest entity, but that the Company is not the prime beneficiary. As of December 31, 2019, the Company accounts for Glory as an equity method investment. Refer to Note 6(a) for additional information on the acquisition of Tree Technologies. The Company has advanced $1.0 million to Glory in order to fund its operations, although it had no obligation to do so. The Company’s maximum exposure to Glory is $7.8 million, the sum of its investment and advances. As of December 31, 2019, the excess of the Company’s investment over its proportionate share of Glory’s net assets was $6.6 million. The difference represents an amortizing intangible asset. The following table summarizes the income statement information of Glory for the year ended December 31, 2019: December 31, 2019 Revenue $ 33,352 Gross profit 10,020 Net loss from operations (596,671) Net loss (585,981) Net loss attributable to Glory (323,673)

Leases

Leases	12 Months Ended
	Dec. 31, 2019
Leases
Leases	Note 11. Leases As of December 31, 2019, the Company’s operating lease right of use assets and operating lease liability are $6.9 million and $7.3 million, respectively. The weighted-average remaining lease term is 6.2 years and the weighted-average discount rate is 7.5%. The following table summarizes the components of lease expense: Year Ended December 31, 2019 Operating lease cost $ 1,707,893 Short-term lease cost 316,905 Sublease income (42,420) Total $ 1,982,378 The following table summarizes supplemental information related to leases: Year Ended December 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: $ Operating cash flows from operating leases 1,406,611 Right-of-use assets obtained in exchange for new operating lease liabilities 935,242 The following table summarizes the maturity of operating lease liabilities Leased Property Years ending December 31 Costs 2020 $ 1,512,025 2021 1,434,657 2022 1,422,965 2023 1,474,391 2024 1,503,859 2025 and Thereafter 1,873,794 Total lease payment 9,221,691 Less: Interest (1,886,538) Total $ 7,335,153

Supplementary Information

Supplementary Information	12 Months Ended
	Dec. 31, 2019
Supplementary Information
Supplemental Financial Statement Information	Note 12. Supplementary Information Other Current Assets “Other current assets” were $1.8 million and $3.6 million as of December 31, 2019 and 2018, respectively. Components of "Other current assets" as of December 31, 2019 and 2018 that were more than 5 percent of total current assets were “Other receivables” due from related parties of $1.3 million and $3.3 million, including operations deposits receivable from a non-controlling shareholder ($0.9 million), respectively. Other Current Liabilities “Other current liabilities” were $6.5 million and $4.6 million as of December 31, 2019 and 2018, respectively. Components of "Other current liabilities" that were more than 5 percent of total current liabilities were other payables to third parties in the amount of $5.9 million and $4.6 million respectively. Three suppliers individually accounted for more than 10% of the “Other current liabilities” balance as of December 31, 2019. Two suppliers individually accounted for more than 10% of the “Other current liabilities” balance as of December 31, 2018.

Promissory Notes

Promissory Notes	12 Months Ended
	Dec. 31, 2019
Promissory Notes
Promissory Notes	Note 13. Promissory Notes The following is the summary of outstanding promissory notes as of December 31, 2019 and 2018: December 31, December 31, 2019 2018 Interest rate Principal Amount Carrying Amount* Principal Amount Carrying Amount* Maturity Date Convertible Note‐Mr. McMahon(Note 15 (a)) 4 % $ 3,000,000 $ 3,260,055 $ 3,000,000 3,140,055 December 31, 2020 Convertible Note‐SSSIG (Note 15 (a)) 4 % 1,252,300 1,300,657 1,000,000 1,000,000 February 8, 2020, in process of renewal Convertible Note‐SSSIG (Note 15 (a)) 4 % 250,000 250,000 — — November 25, 2020 Convertible Note‐Advantech (a) 8 % 12,000,000 3,192,896 12,000,000 11,313,770 June 28, 2021 Senior Secured Convertible Note (b) 10 % 850,000 347,763 — — August 22, 2020 Senior Secured Convertible Note (c) 10 % 3,580,000 1,895,958 — — March 27, 2021 Senior Secured Convertible Note (d) 4 % 3,000,000 1,405,027 — — December 2020 Promissory Note (e) 6 % 3,000,000 3,000,000 — — November 2020 Total 26,932,300 14,652,356 16,000,000 15,453,825 Less: Current portion 8,012,845 4,140,055 Long‐term Note, less current portion $ $ 6,639,511 $ $ 11,313,770 *Carrying amount includes the accrued interest. The following table summarizes future maturities of long-term debt, contractual obligations for interest, as well as projected interest expense resulting from the amortization of debt discounts as of December 31, 2019: Principal Interest 2020 $ 9,850,000 $ 12,211,919 2021 17,082,300 4,302,643 2022 — — 2023 — — 2024 — — Thereafter — — $ 26,932,300 $ 16,514,562 As of December 31, 2019, the Company was in compliance with all ratios and covenants. (a) $12 million Convertible Note - Advantech On June 28, 2018, the Company entered into a convertible note purchase agreement with Advantech Capital Investment II Limited (“Advantech”) in the aggregate principal amount of $12.0 million (the Notes). The Notes bear interest at a rate of 8.0%, mature on June 28, 2021, and are convertible into the shares of the Company’s common stock at a conversion price of $ 1.82 per share and subsequently reset conversion price to $1.00 in October 2019 (See Note 13 (c) below) due to the down round provision included in the convertible note purchase agreement. The initial difference between the conversion price and the fair market value of the common stock on the commitment date (transaction date) resulted in a BCF recorded of $1.4 million and increased by $10.6 million due to down round provision adjustment in October 2019. For the years ended December 31, 2019 and 2018, total interest expense recognized relating to the BCF and accured expense was $1.5 million and $0.7 million, respectively. The carrying amounts as of December 31, 2019 and 2018, are reflected net of discounts of $10.2 million and $1.2 million, respectively, associated with the BCF of the convertible notes. This amount is being amortized based on the effective yield method through the first demand redemption date as applicable. The agreement also requires the Company to comply with certain covenants, including restrictions on the use of the proceeds and other convertible note offering. (b) $2.05 million Senior Secured Convertible Debenture due in August 2020 - ID Ventura 7 On February 22, 2019, the Company executed a security purchase agreement with ID Venturas 7, LLC ("IDV"), whereby the Company issued $2.1 million of senior secured convertible note ("February IDV Note"). The note bears interest at a rate of 10.0% per year payable either in cash or in kind at the option of the Company on a quarterly basis and matures on August 22, 2020. In addition, IDV is entitled to the following: (1) the convertible note is senior secured; (2) convertible at an adjusted $1.00 (original $1.84) per share of Company common stock at the option of IDV, subject to adjustments if subsequent equity shares have a lower conversion price ("down round provision"), (3) 1,166,113 shares of common stock of the Company and (4) a warrant exercisable for 150% of the number of shares of common stock which the note is convertible into at an exercise price of $1.00 (original $1.84) per share and will expire 7 years (extended from 5 years: See (d) below) after issuance. The Company received aggregate gross proceeds of $2.0 million, net of $50,000 for the issuance expenses paid by IDV. Total funds received were allocated to convertible note, common stocks and warrants based on their relative fair values in accordance with ASC 470-20-30. The value of the convertible note and common stocks was based on the closing price on February 22, 2019. The fair value of the warrants was determined using the Black-Scholes option-pricing model, with the following assumptions: expected life of 5 years, expected dividend rate of 0%, volatility of 111.83% and an interest rate of 2.48%. The relative fair value of the warrants was recorded as additional paid-in capital and reduced (discount on) the carrying amount of the convertible note. The Company recognized a BCF of $0.6 million as an increase in additional paid in capital and reduced (discount on) the carrying amount of the convertible note, which was the fair value of the common stock at the commitment date for convertible note, less the effective conversion price.. Interest on the convertible note is payable quarterly starting from April 1, 2019. The convertible note is redeemable at the option of the Company in whole at an initial redemption price of the principal amount of the convertible note plus additional warrants and accrued and unpaid interest to the date of redemption. IDV has registration rights that require the Company to file and register the common stock issued or issuable upon conversion of the convertible note or the exercise of the warrants, within 180 days following the closing of the transaction. The Company is also subject to penalty fee at 8.0% per annum for late payments of interests and compensation for the loss of IDV on failure to timely deliver conversion shares upon conversion. The security purchase agreement contains customary representations, warranties and covenants. The convertible note is collateralized by the Company's equity interest in Grapevine and the Company has the right to request for the removal of the guarantee and collateral by issuance of additional 250,000 shares of common stock. Modification/Extinguishment On September 27, 2019, the Company issued 250,000 shares of common stock to IDV in exchange for the release of Grapevine as collateral. The issuance of the shares in exchange for the removal of collateral was treated as a modification of existing convertible note pursuant to the guidance of ASC 470-50 "Debt - Modifications and Extinguishments" ("ASC 470-50"). The Company concluded that the convertible note qualified for debt extinguishment as the 10% cash flow test was met. As a result, the $2.05 million secured convertible note was written off (carrying amount: $813,254) and the amended note was recorded at fair value (approximately $1.7 million). The Company recognized a non-cash loss on extinguishment of debt in the amount of $1,236,746 and the intrinsic value of reacquisition of BCF is zero as of September 27, 2019. Down round price adjustment on October 30, 2019 Under the down round provision included in the debenture agreement and warrant agreement, if at any time while the debenture and warrants outstanding, the Company sells or grants any options or warrants with respect to the purchase and sale of Common Stock (collectively, " Additional Securities") of the Company resulting in a price per share of such Additional Securities of less than the then conversion price (such lower price, the "Base Conversion/Exercise Price"), then, simultaneously with the closing of such subsequent equity sales, the conversion price and/or exercise price shall be reduced to equal the Base Conversion/Exercise Price. As a result of our additional financing on October 30, 2019 (See (c) below), the Company entered into a letter agreement with IDV pursuant to which the Company agreed to reduce the conversion price of the Debentures and the exercise price of the Warrants from $1.84 to $1.00. The Company recognized approximately $1.4 million of remeasured BCF as an increase in additional paid in capital and reduced (discount on) the carrying amount of the convertible note and $0.2 million of deemed dividend on warrant repricing for the difference between the fair value of the unadjusted warrants and adjusted warrants. The fair value of the adjusted warrants was determined using the Black-Scholes option-pricing model based on the following assumptions: (1) volatility rate of 112%, (2) interest rate of 2.48%, (3) zero expected dividend yield, and (4) expected life of 5 year. Conversion During the fourth quarter ended December 31, 2019, $1.2 million of the convertible notes, plus interest, were converted into 1,2 million shares of common stock of the Company. As a result of the conversions, the Company recognized interest expenses of $1.0 million with an offset to debt discount. The discounts on the convertible note for the warrants and BCF are being amortized to interest expense, using the effective interest method over the term of the convertible note. As of December 31, 2019, the carrying amount as of December 31, 2019 is reflected net of discounts of $538,000. Total interest expense recognized relating to the discount and accrued interest was $1.2 million for year ended December 31, 2019. (c) $3.58 million Senior Secured Convertible Debenture due in March 2021 - ID Ventura 7 On September 27, 2019, the Company executed a security purchase agreement with IDV ("IDV September Agreement"), whereby the Company issued $2,500,000 of senior secured convertible note in September ("September IDV Notes") and issued additional $1,080,000 of secured convertible notes subsequently based on additional investment rights in IDV September Agreement. The notes bear interest at a rate of 10% per year payable either in cash or in kind at the option of the Company on a quarterly basis and mature on March 27, 2021. In addition, IDV is entitled to the following: (i) the convertible note is senior secured; (ii) convertible at an adjusted $1.00 (original $1.84) per share of Company common stock at the option of IDV, subject to down round provision, (ii) 1.5 million shares of common stock of the Company and (iii) a warrant exercisable for 150% of the number of shares of common stock which the note is convertible into at an exercise price of $1.00 (original $1.84) per share and will expire in 7 years (extended from 5 years: See (c) below) after issuance. The Company received net proceeds of $3.5 million (aggregate gross proceeds of $3.6 million, net of $65,000 for the issuance expenses paid to IDV). Total gross proceeds were allocated to convertible note, common stocks and warrants based on their relative fair values in accordance with ASC 470-20-30. The value of the convertible note and common stocks was based on the closing price on September 27, 2019. The fair value of the warrants was determined using the Black-Scholes option-pricing model, with the following assumptions: expected life of 5 years, expected dividend rate of 0%, volatility of 122.44% and an average interest rate of 1.66%. The relative fair value of the warrants was recorded as additional paid-in capital and reduced (discount on) the carrying amount of the convertible note. The Company recognized a BCF as a discount on convertible note at its intrinsic value, which was the fair value of the common stock at the commitment date for convertible note, less the effective conversion price. The Company recognized approximately $1.3 million of BCF in total as an increase in additional paid in capital and reduced (discount on) the carrying amount of the convertible note in the accompanying consolidated balance sheet. The convertible note is redeemable at the option of the Company in whole at an initial redemption price of the principal amount of the convertible note plus additional warrants and accrued and unpaid interest to the date of redemption. The security purchase agreement contains customary representations, warranties and covenants. The convertible note is collateralized by the Company's equity interest in DBOT. IDV has registration rights that require the Company to file and register the common stock issued or issuable upon conversion of the convertible note or the exercise of the warrants, within 120 days following the closing of the transaction. The Company is also subject to penalty fee at 8.0% per annum for late payments of interests and compensation for the loss of IDV on failure to timely deliver conversion shares upon conversion. Down round price adjustment on October 30, 2019 On October 29, 2019 the Company entered into a letter agreement (the "Agreement") with IDV pursuant to which the Company agreed to reduce the conversion price of the Debentures and the exercise price of the Warrants from $1.84 to $1.00 for February IDV Note and September IDV Note due to the lower conversion price and exercise price agreed in the additional issuance in October. The Company recognized $150,000 of remeasured BCF as an increase in additional paid in capital and reduced (discount on) the carrying amount of the convertible note and $149,000 of deemed dividend on warrant repricing for the difference between the fair value of the unadjusted warrants and adjusted warrants. The discounts on the convertible note for the warrants and BCF are being amortized to interest expense, using the effective interest method over the term of the convertible note. As of December 31, 2019, the carrying amount as of December 31, 2019 is reflected net of discounts of $1,779,000. Total interest expense recognized relating to the discount and accrued interest was $0.7 million for year ended December 31, 2019. Additional Issuance for no additional consideration-Consent of YA II PN convertible notes On December 19, 2019, the Company executed an additional issuance agreement with IDV. pursuant to which the Company obtained a consent from IDV for subsequent financing with YA II PN (see (d) below) in exchange for (1) 2.0 million shares of the Company's common stock; (2) the warrant to purchase 1.0 million shares of the Company's common stock at an exercise price of $1 with a 7-year term in the form of prior warrants issued to IDV; (3) a 2 year extension of the exercise period for all outstanding warrants held by IDV. The additional issuance above and the exercise period extension in exchange for the consent was treated as a modification of existing convertible note pursuant to the guidance of ASC 470-50. The Company concluded that the convertible notes issued based on IDV September Agreement qualified for debt extinguishment as the 10.0% cash flow test was met. As a result, the $3.6 million secured convertible note was written off (carrying amount $0.4 million)and the amended note was recorded at fair value ($2.2 million) along with a BCF at intrinsic value ($0.5 million). The Company measured and recognized the intrinsic value of the BCF (reacquisition price $0.5 million) on December 19, 2019 and recognized a non-cash loss on extinguishment of debt in the amount of $2.7 million in accordance with ASC 470-20-40-3. In addition, the Company recognized deemed dividend of approximately $0.5 million for the extension of exercise period for all applicable warrants issued to IDV. (d) $5 million Senior Secured Convertible Debenture due in December 2020 - YA II PN On December 19, 2019, the Company completed the initial closing with respect to a securities purchase agreement with YA II PN, Ltd, a company incorporated under the laws of the Cayman Islands ("YA II PN"), where YA II PN has agreed to purchase from the Company up to $5.0 million (with 4% discount) in units consisting of secured convertible debentures (the "Convertible Debentures"), which shall be convertible into shares of the Company's common stock at lower of (1) $1.50 per share or (2) 90% of the lowest 10 day volume weighted average price ("VWAP") with a floor price at $1.00, subject to adjustments if subsequent equity shares have a lower conversion price, and shares of the Company's Common Stock. The purchase and sale of the units shall take place in three closings: 1. First Closing: $2.0 million of Convertible Debentures and 1,4 million shares of Common Stock closed on December 19, 2019; 2. Second Closing $1.0 million of Convertible Debentures and 0.7million shares of Common Stock closed on December 31, 2019 upon filing the registration statement; and 3. Third Closing: $2.0 million of Convertible Debentures and 1.4 million shares of Common Stock closed on February 13, 2020 when such registration statement was declared effective by the SEC. The Convertible Note matures on December 19, 2020 and accrues at an 4.0% interest rate. YA II PN also received (i) a warrant (the "Warrant I") exercisable for 1.7 million shares of common stock at $1.50 with an expiration date 60 months from the date of the agreement, and (ii) a warrant (the "Warrant II") exercisable for 1.0 million shares of common stock at $1.00 with an expiration date of 12 months from the date of the agreement. The Company received aggregate gross proceeds of $2.9 million (net of $0.1 million discount) as of December 31, 2019 and received $2.0 million in February 2020. Total funds received were allocated to Convertible Debentures, common stocks and warrants based on their relative fair values in accordance with ASC 470-20-30. The value of the Convertible Debentures and common stocks was based on the closing price on December 19, 2019. The fair value of the warrants was determined using the Black-Scholes option-pricing model, with the following assumptions: expected life of 5 years (1 year for Warrant II), expected dividend rate of 0%, volatility of 122.44% and an interest rate of 1.66% (1.54% for Warrant II). The relative fair value of the warrants was recorded as additional paid-in capital and reduced (discount on) the carrying amount of the convertible note. There was no BCF because its intrinsic value is zero since the stock price of the common stock at the commitment date for convertible note is greater than the effective conversion price. The convertible note is redeemable at the option of the Company in whole or in part at an initial redemption price of the principal amount of the convertible note plus a redemption premium equal to 15% of the amount being redeemed and accrued and unpaid interest to the date of redemption. YA II PN also has registration rights that demand the Company to file and register the common stock issued or issuable upon conversion of the convertible note or the exercise of the warrants. The security purchase agreement contains customary representations, warranties and covenants. The discounts on the convertible note for the warrants and BCF are being amortized to interest expense, using the effective interest method over the term of the convertible note. As of December 31, 2019, the unamortized discount on the convertible note is $1.0 million. Total interest expense recognized relating to the discount and accrued interest was approximately $70,000 for year ended December 31, 2019. (e) $3 million Promissory Note due in November 2020 – New Castle County On November 25, 2015, DBOT, the subsidiary which the Company acquired in 2019 (note 6 (c)) , entered into a promissory note with New Castle County, a political subdivision of the State of Delaware in the aggregate principal amount of $3.0 million (the Notes). The Notes bear interest at a rate of 6%, mature on November 25, 2020. For the year ended December 31, 2019, the Company recorded interest expense of $180,000 related to the Note. The agreement also requires the Company to comply with certain covenants, including restrictions on new indebtedness offering and liens.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2019
Stockholders' Equity
Stockholders' Equity	Note 14. Stockholders’ Equity Convertible Preferred Stock Our Board of Directors has authorized 50.0 million shares of convertible preferred stock, $0.001 par value, issuable in series. As of December 31, 2019 and 2018, 7.0 million shares of Series A preferred stock were issued and outstanding. The Series A preferred stock shall be entitled to one vote per common stock on an as-converted basis and is only entitled to receive dividends when and if declared by the Board. Common Stock Our Board of Directors has authorized 1,500 million shares of common stock, $0.001 par value. 2019 Equity Transactions In the year ended December 31, 2019, the Company issued 8.2 million shares of common stock related to the issuance of convertible notes. Refer to Note 13 for additional information. The Company issued 15.9 million shares of common stock related to business acquisitions. Refer to Notes 6(a), 6(b), and 6(c) for additional information. The Company issued 7.4 million shares of common stock related to asset acquisitions. Refer to Notes 9(a) and 9(b) for additional information. The Company issued 14.7 million shares of common stock related to a long-term investment. Refer to Note 10(e) for additional information. 2018 Equity Transactions In March and June 2018, the Company entered into a subscription agreement with GT Dollar Ptd. Ltd. (“GTD”) for a private placement which was subsequently amended to reduce the amount of the investment to from $40.0 million to $10.0 million. In October 2018, the Company received $10.0 million and issued an aggregate of 5.5 million shares of the common stock of the Company, for $1.82 per share, to GTD. In June and December 2018, the Company entered into a subscription agreement and amended agreements with Sun Seven Stars Investment Group Limited, a British Virgin Islands corporation (“SSSIG”), an affiliate of Dr. Wu, to purchase $1.1 million of common stock at the then market price. The Company has received $1.1 million in total as of December 31, 2018. The Company issued 0.6 million shares of common stock in June 2019. In July and December, 2018, the Company entered into a share purchase and option agreement and amended agreement with Star Thrive Group Limited (“Star”), a British Virgin Islands corporation, pursuant to which Star purchased 5.0 million shares of the Company’s common stock, for $9.2 million (the “Investment”). The Company also granted to Star a share purchase option (the “Call Option”) pursuant to which Star may, within 24 months after July 24, 2018, purchase from the Company such number of shares of common stock that would bring Star’s total ownership of the Company’s issued and outstanding shares up to 19.5% on a fully diluted basis, at a price equal to 95.0% of the weighted average trading price of the common stock within 3 months prior to the exercise date of the Call Option. As of December 31, 2018, the Company has received $9.2 million and 5.0 million shares have been issued. The fair value of the call option is $8.0 million using the Black-Sholes valuation model using the following assumptions: expected terms 1.81 years; volatility 132.55%; dividend yield: zero and risk free interest rate 2.81%. The management determined that the call options is classified within shareholders’ equity as “Additional paid-in capital” upon the issuance in accordance with ASC 815‑40 and the proceeds from the investment are allocated to common stock and call options based on the relative fair value of the securities in accordance with ASC 470‑20‑30.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2019
Related Party Transactions
Related Party Transactions	Note 15. Related Party Transactions (a) Convertible Note $3.0 Million Convertible Note with Mr. Shane McMahon (“Mr. McMahon”) On May 10, 2012, Mr. McMahon, our Vice Chairman, made a loan to the Company in the amount of $3.0 million. In consideration for the loan, the Company issued a convertible note to Mr. McMahon in the aggregate principal amount of $3.0 million (the “Note”) at a 4.0% interest rate computed on the basis of a 365‑day year. The Company entered several amendments with respect to the effective conversion price (changed from $1.75 to $1.50), convertible stocks (changed from of Series E Preferred Stock to Common Stock) and extension of the maturity date to December 31, 2020. The accumulated interest payable as of December 31, 2019 and 2018 was $0.3 million and $0.1 million, respectively. For the years ended December 31, 2019 and 2018, the Company recorded interest expense of $0.1 million and $0.1 million related to the Note. The Company did not pay such interest to Mr. McMahon in years ended December 31, 2019 and 2018. $2.5 Million Convertible Promissory Note with SSSIG On February 8, 2019, the Company entered into a convertible promissory note agreement with SSSIG, an affiliate of Dr. Wu, in the aggregate principal amount of $2.5 million. The convertible promissory note bears interest at a rate of 4.0%, was scheduled to mature on February 8, 2020, and is convertible into shares of the Company’s common stock at a conversion price of $ 1.83 per share anytime at the option of SSSIG. The Company is in the process of negotiating an extended due date, and believes it has the ability to do so. As of December 31, 2019, the Company received $1.3 million from SSSIG. The Company has not received the remaining $1.2 million as of the date of this report. For the year ended December 31, 2019, the Company recorded interest expense of $48,357 related to the Note. The Company has not paid the interest yet. $1.0 Million Convertible Promissory Note with SSSIG On November 25, 2019, the Company entered into a convertible promissory note agreement with SSSIG, an affiliate of Dr. Wu, in the aggregate principal amount of $2.5 million. The convertible promissory note bears interest at a rate of 4.0%, matures on November 25, 2021, and is convertible into the shares of the Company’s common stock at a conversion price of $ 1.25 per share anytime at the option of SSSIG. As of December 31, 2019, the Company received $0.25 million from SSSIG. (b) Transactions with GTD Disposal of Assets in exchange of GTB In March 2019, the Company completed the sale of the following assets (with total carrying amount of $20.4 million) to GTD, a minority shareholder based in Singapore, in exchange for 1.3 million GTB. The Company considers the arrangement as a nonmonetary transaction and the fair values of GTB are not reasonably determinable due to the reasons described below. Therefore, GTB received are recorded at the carrying amount of the assets exchanged and the Company did not recognize any gain or loss based on ASC 845-10-30. · License content (net carrying amount $17.0 million) · 13% ownership interest in Nanjing Shengyi Network Technology Co., Ltd (“Topsgame”) (carrying amount of $3.2 million which was included in long-term investment as a non-marketable equity investment) · Animation copy right (net carrying amount $0.2 million which was included in intangible assets.) Digital asset management services The Company recognized revenue for the master plan development services over the contract period based on the progress of the services provided towards completed satisfaction. Based on ASC 606-10-32, at contract inception, the Company considered the following factors to estimate the value of GTB (noncash consideration): 1) it only trades in one exchange, which operations have been less than one year; 2) its historical volatility is high; and 3) the Company’s intention at the time to hold the majority of GTB, as part of its digital asset management services; and 4) associated risks related to holding GTB. Therefore, the value of 7.1 million GTB using Level 2 measurement was $40.7 million with a 76% discount to the fixed contract price agreed upon by both parties when signing the contract. The Company considered similar assets exchanges in Singapore and considered the volatility of the quoted prices and determined a discount of 76%. The estimated value of GTB is calculated using the Black-Scholes valuation model using the following assumptions: expected terms 3.0 years; volatility 155%; dividend yield: zero and risk-free interest rate 2.25%._As of December 31, 2019, all performance obligations associated with the development of the master plan for GTD’s assets had been satisfied. Accordingly, the Company recognized revenue of $40.7 million in the year ended December 31, 2019. The Company does not anticipate recording any revenue related to the provision of Digital Asset Management Services in 2020. Refer to Note 9(f) for information concerning the impairment loss of $61.1 million recorded related to GTB in the year ended December 31, 2019. (c) Crude Oil Trading For the year ended December 31, 2018, the Company purchased crude oil in the amount of $244.1 million from three suppliers that a minority shareholder of the Company has significant influence upon because this minority shareholder has significant influence on both our Singapore joint venture and these three suppliers. The Company has recorded the purchase in “Cost of revenue from related parties” in its consolidated statements of operations . No such related party transactions occurred in the year ended December 31, 2019. (d) Severance payments On February 20, 2019, the Company accepted the resignation of former Chief Executive Officer, former Chief Investment Officer and former Chief Strategy Officer and agreed to pay $0.8 million in total for salary, severance and expenses. The Company paid $0.6 million in the first quarter of 2019 and recorded $0.2 million in “Other current liabilities” on its consolidated balance sheet as of December 31, 2019. The $0.8 million severance expenses were recorded in “Selling, general and administrative expenses” in the consolidated statements of operations. (e) Borrowing from Dr. Wu. and his affiliates In the year ended December 31, 2019, the Company’s net borrowings from Dr. Wu and his affiliates increased by $3.3 million. The Company recorded these borrowings in “Amount due to related parties” in its consolidated balance sheet as of December 31, 2019. These borrowings bear no interest. (f) Acquisition of Fintalk Assets Refer to Note 9(b) for additional information. (g) Sale of Red Rock Global Capital LTD (“Red Rock”) Refer to Note 6(f) for additional information. (h) Acquisition of Grapevine Logic. (“Grapevine”) Refer to Notes 6(b) and 6(d) for additional information. (i) Sale of Amer Global Technology Limited (“Amer”) Refer to Note 6(g) for additional information. (j) Taxis commission revenue from Guizhou Qianxi Green Environmentally Friendly Taxi Service Co. (“Qianxi”) During the second quarter of 2019, the Company signed an agreement with iUnicorn (also known as Shenma Zhuanche) to form a strategic joint venture that will focus on green finance and integrated marketing services for new energy taxi vehicles as part of Ideanomics' Mobile Energy Group ("MEG"). The Company agreed to contribute advisory and sales resources which include arranging ABS-based auto financing with its bank partners, and will have 50.01% ownership interest in the joint venture and will have control of the board. iUnicorn, which will own 49.99% of the of the joint venture, agreed to contribute its vehicles sales orders in Sichuan province. The joint venture will generate revenues from commissions on vehicle sales order and ABS fees related to the financing, which will vary accordingly to manufacturer and vehicle model. During the third quarter of 2019, the joint venture took over an order of 4,172 EV taxis from a third-party and helped facilitate the completion of the order in that quarter 2019. As part of the transaction, Qianxi agreed to pay a commission of $2.7 million to the joint venture for facilitating the completion of this order. There is no other remaining performance obligation relating to this commission. In addition, the commission revenue is considered revenue from a related party as the minority shareholder of the joint venture is an affiliate of our customer, Qianxi. (j) Long Term Investment to Qianxi In November 2019, the Company entered into a share transfer agreement with Sichuan Shenma Zhixing Technology Co.("Shenma") to acquire its 1.72% ownership in Qianxi with the consideration of $4.9 million, which will be paid in six installments. Shenma need to complete the share transfer registration prior to May 31, 2020, otherwise it will return the investment payment to the Company. The Company has paid $0.5 million as of December 31, 2019 and recorded it on the "Other Non-Current Assets" since the share transfer registration is not completed yet.

Share-Based Payments

Share-Based Payments	12 Months Ended
	Dec. 31, 2019
Share-Based Payments
Share-Based Payments	Note 16. Share-Based Payments As of December 31, 2019, the Company had 14.9 million options, 0.1 million restricted shares and 9.0 million warrants outstanding. The Company awards common stock and stock options to employees and directors as compensation for their services, and accounts for its stock option awards to employees and directors pursuant to the provisions of ASC 718, Stock Compensation . The fair value of each option award is estimated on the date of grant using the Black-Scholes Merton valuation model. The Company recognizes the fair value of each option as compensation expense ratably using the straight-line attribution method over the service period, which is generally the vesting period. Effective as of December 3, 2010 and amended on August 3, 2018, our Board of Directors approved the 2010 Stock Incentive Plan (“the 2010 Plan”) pursuant to which options or other similar securities may be granted. As of December 31, 2019, the maximum aggregate number of shares of our common stock that may be issued under the 2010 Plan increased from 4.0 million shares to 31.5 million shares. As of December 31, 2019, options available for issuance are 14.1 million shares. For the years ended December 31, 2019 and 2018, total share-based payments expense was $9.1 million and $3.4 million, respectively. (a) Stock Options The following table summarizes stock option activity for the year ended December 31, 2019: Weighted Weighted Average Average Remaining Aggregated Options Exercise Contractual Intrinsic Outstanding Price Life (Years) Value Outstanding at January 1, 2019 1,706,431 $ 3.28 4.08 $ — Granted 14,325,000 1.98 9.15 — Exercised 0 0 — Expired (83,333) 1.98 — Forfeited (1,011,372) 1.98 — Outstanding at December 31, 2019 14,936,726 2.13 8.48 — Vested and expected to be vested as of December 31, 2019 14,936,726 2.13 8.48 — Options exercisable at December 31, 2019 (vested) 7,163,814 2.29 7.75 — As of December 31, 2019, $11.7 million of total unrecognized compensation expense related to non-vested share options is expected to be recognized over a weighted average period of 1.15 years. The total fair value of shares vested in the years ended December 31, 2019 and 2018 was $8.5 million and $0.4 million respectively. Cash received from options exercised in the years ended December 31, 2019 and 2018 was $0 and $28,000. The following table summarizes the assumptions used to estimate the fair values of the share options granted in the year ended December 31, 2019. There were no options granted in the year ended December 31, 2018. December 31, 2019 Expected term 5.52 years Expected volatility 98 % Expected dividend yield 0 % Risk free interest rate 2.51 % (b) Warrants In connection with certain of the Company’s financings and service agreements, the Company issued warrants to service providers to purchase common stock of the Company. The warrants issued to Warner Brother were expired without exercise on January 31, 2019. The Company issued warrants to IDV and YA II PN, Ltd. in connection with senior secured convertible notes (See Note 13) and the weighted average exercise price was $1.09 and the weighted average remaining life was 5.67 years. 2019 2018 Number of Number of Warrants Warrants Outstanding and Outstanding and Exercise Expiration Warrants Outstanding Exercisable Exercisable Price Date 2014 Broker Warrants (Series E Financing) — 60,000 $ 1.75 01/31/2019 2018 IDV (Senior secured convertible note) 1,671,196 — 1.00 2/22/2026 2019 IDV (Senior secured convertible note) 4,658,043 — 1.00 9/27/2026 2019 YA II PN, Ltd. (Senior secured convertible debenture) 1,666,667 — 1.50 12/13/2024 2019 YA II PN, Ltd. (Senior secured convertible debenture) 1,000,000 — 1.00 12/13/2020 8,995,906 60,000 On September 24, 2018, the Company entered into an employment agreements with three executives and subsequently resigned in February 2019 (see Note 22). As part of their employment agreements, they were entitled to warrants for an aggregate of 8,000,000 shares at an exercise price of $5.375 per share, which is a 25% premium to the $4.30 per share closing market price of the Company’s common stock on September 7, 2018. As a result of the resignation, all the warrants were forfeited. (c) Restricted Shares In January 2019, the Company granted 0.2 million restricted shares to the three independent directors under the “2010 Plan” which was approved as part of the 2018 independent board compensation plan by the Board of Directors. The restricted shares were all vested immediately since commencement date. The aggregated grant date fair value of all those restricted shares was $0.3 million. A summary of the unvested restricted shares is as follows: Weighted-average Shares fair value Non-vested restricted shares outstanding at January 1, 2019 87,586 $ 2.46 Granted 220,163 1.24 Forfeited (3,500) 2.60 Vested (249,163) 1.40 Non-vested restricted shares outstanding at December 31, 2019 55,086 2.38 As of December 31, 2019, there was $16,575 of unrecognized compensation cost related to unvested restricted shares. This amount is expected to be recognized over a weighted-average period of 0.23 years.

Loss Per Common Share

Loss Per Common Share	12 Months Ended
	Dec. 31, 2019
Loss Per Common Share
Loss Per Common Share	Note 17. Loss Per Common Share 2019 2018 Net loss attributable to IDEX common stockholders $ (98,507,524) $ (27,426,356) Basic Basic weighted average common shares outstanding 119,766,859 78,386,116 Diluted Diluted weighted average common shares outstanding 119,766,859 78,386,116 Net loss per share: Basic $ (0.82) $ (0.35) Diluted $ (0.82) $ (0.35) Basic loss per common share attributable to our shareholders is calculated by dividing the net loss attributable to our shareholders by the weighted average number of outstanding common shares during the period. Diluted loss per share is calculated by taking net loss, divided by the diluted weighted average common shares outstanding. Diluted net loss per share equals basic net loss per share because the effect of securities convertible into common shares is anti-dilutive. The following table includes the number of shares that may be dilutive potential common shares in the future. The holders of these shares do not have a contractual obligation to share in our losses and thus these shares were not included in the computation of diluted loss per share because the effect was either antidilutive. December 31, December 31, 2019 2018 Warrants 8,995,906 60,000 Options 14,936,726 1,706,431 Series A Preferred Stock 933,333 933,333 DBOT Contingent Shares 8,501,313 Convertible promissory note and interest 21,678,482 10,407,233 Total 55,045,760 13,106,997

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2019
Income Taxes
Income Taxes	Note 18. Income Taxes (a) Corporate Income Tax (“CIT”) Ideanomics, Inc., M.Y. Products LLC, Grapevine Logic, Inc., Delaware Board of Trade Holdings, Inc., Fintech Village, LLC and Red Rock Global Capital Ltd. are subject to U.S. federal and state income tax. CB Cayman was incorporated in Cayman Islands as an exempted company and is not subject to income tax under the current laws of Cayman Islands. Most of the Company’s income is generated in Hong Kong in 2018. The statutory income tax rate in HK is 16.5%. Seven Stars Energy is incorporated in Singapore in late 2017 which is conducting crude oil trading business. The statutory income tax rate in Singapore is 17%. YOD WFOE, Sinotop Beijing, and Sevenstarflix are PRC entities. The income tax provision of these entities is calculated at the applicable tax rates on the taxable income for the periods based on existing legislation, interpretations and practices in the PRC. In accordance with the Corporate Income Tax Law of the PRC (“CIT Law”), effective beginning on January 1, 2008, enterprises established under the laws of foreign countries or regions and whose “place of effective management” is located within the PRC territory are considered PRC resident enterprises and subject to the PRC income tax at the rate of 25% on worldwide income. The definition of “place of effective management” refers to an establishment that exercises, in substance, and among other items, overall management and control over the production and business, personnel, accounting, and properties of an enterprise. If the Company’s non-PRC incorporated entities are deemed PRC tax residents, such entities would be subject to PRC tax under the CIT Law. Since our non-PRC entities have accumulated losses, the application of this tax rule will not result in any PRC tax liability, if our non-PRC incorporated entities are deemed PRC tax residents. The CIT Law imposes a 10% withholding income tax, subject to reduction based on tax treaty where applicable, for dividends distributed by a foreign invested enterprise to its immediate holding company outside China. Under the PRC-HK tax treaty, the withholding tax on dividends is 5% provided that a HK holding company qualifies as a HK tax resident as defined in the tax treaty. No provision was made for the withholding income tax liability as the Company’s foreign subsidiaries were in accumulated loss. Loss before tax and the provision for income tax benefit consists of the following components: 2019 2018 Loss before tax United States $ (88,688,205) $ (13,139,622) PRC/Hong Kong/Singapore (7,722,717) (15,323,706) $ (96,410,922) $ (28,463,328) Deferred tax benefit of net operating loss United States $ — $ — PRC/Hong Kong/Singapore (176,107) — $ (176,107) $ — Deferred tax expense (benefit) other than benefit of net operating loss United States $ (513,935) $ (40,244) PRC/Hong Kong — — Total deferred income tax expense (benefit) $ (513,935) $ (40,244) Current tax expense (benefit) other than benefit of net operating loss United States $ — $ — PRC/Hong Kong $ 931,388 $ — Total current tax expense (benefit) $ 931,388 $ — Total income tax expense (benefit) $ 417,453 $ (40,244) A reconciliation of the expected income tax derived by the application of the U.S. corporate income tax rate to the Company’s loss before income tax benefit is as follows: 2019 2018 U. S. statutory income tax rate 21 % 21 % Non-deductible expenses: Non-deductible stock awards (1.9) % (1.2) % Non-deductible loss on contingent consideration (1.1) % % Others (0.3) % (0.9) % Non-deductible interest expenses (1.2) % (0.6) % Increase in valuation allowance (16.4) % (18.4) % Tax rate differential (0.5) % 0.1 % Effective income tax rate (0.4) % % Deferred income taxes are recognized for future tax consequences attributable to temporary differences between the carrying amounts of assets and liabilities for financial statement purposes and income tax purposes using enacted rates expected to be in effect when such amounts are realized or settled. Significant components of the Company’s deferred tax assets and liabilities at December 31, 2019 and 2018 are as follows: 2019 2018 U.S. NOL $ 17,470,708 $ 7,977,213 Foreign NOL 6,846,645 6,406,052 U.S. capital loss carryover 4,376,715 — Accrued payroll and expense 171,580 131,867 Nonqualified options 772,365 780,800 Convertible notes 751,625 — Impaired assets 1,436,065 — Others 114,819 171,819 Total deferred tax assets 31,940,522 $ 15,467,751 Less: valuation allowance (30,274,655) $ (15,467,751) Property and equipment (36,368) — Intangible assets (1,629,499) — Total deferred tax liabilities (1,665,867) — Net deferred tax assets $ — — As of December 31, 2019, the Company had $83.1 million U.S domestic cumulative tax loss carryforwards and $28.3 million foreign cumulative tax loss carryforwards, which may be available to reduce future income tax liabilities in certain jurisdictions. $26.8 million of the U.S. carryforwards expire in the years 2027 through 2037. The remaining U.S. tax loss is not subject to expiration under the new Tax Law. These PRC tax loss carryforwards will expire beginning year 2020 to year 2024. The Company also has a U.S. capital loss carryover, available to offset future capital gains, of $20.8 million , $20.4 million of which expires in 2025 and the rest in 2024. Utilization of net operating losses may be subject to an annual limitation due to ownership change limitations provided in the Internal Revenue Code and similar state and foreign provisions. This annual limitation may result in the expiration of net operating losses before utilization. Realization of the Company’s net deferred tax assets is dependent upon the Company’s ability to generate future taxable income in appropriate tax jurisdictions to obtain benefit from the reversal of temporary differences and net operating loss carryforwards. The valuation allowance increased by $14.8 million in the year ended December 31, 2019, which consists of $14.5 million resulting from operations and $0.3 million resulting from deferred tax liabilities acquired in the DBOT acquisition. The valuation allowance increased by $3.0 million in the year ended December 31, 2018, which consists of $2.3 million resulting from operations and $0.7 million resulting from deferred tax liabilities acquired in the Grapevine acquisition. (b) Uncertain Tax Positions Accounting guidance for recognizing and measuring uncertain tax positions prescribes a threshold condition that a tax position must meet for any of the benefit of uncertain tax position to be recognized in the financial statements. There was no identified unrecognized tax benefit as of December 31, 2019 and 2018. As of December 31, 2019 and 2018, the Company did not accrue any material interest and penalties. The Company’s United States income tax returns are subject to examination by the Internal Revenue Service for at least 2010 and later years. Due to the uncertainty regarding the filing of tax returns for years before 2007, it is possible that the Company is subject to examination by the IRS for earlier years. All of the PRC tax returns for the PRC operating companies are subject to examination by the PRC tax authorities for all periods from the companies’ inceptions in 2009 through 2019 as applicable. (c) U.S. Tax Reform On December 22, 2017 the U.S. enacted the “Tax Cuts and Jobs Act” (“U.S. Tax Reform”) which made significant changes to corporate income tax law. One significant change was to decrease the general corporate income tax rate from 34% to 21%. This change in the rate reduced the Company’s deferred tax assets at December 31, 2017 by $4.4 million. This reduction had no effect on the Company’s income tax expense as the reduction in deferred tax assets was offset by an equivalent reduction in the valuation allowance. Another significant change resulting from U.S. Tax Reform is that any future remittances to the parent company from business income earned by its subsidiaries outside of the U.S. will no longer to taxable to the Company under U.S. tax law. The Company would be liable for payment of income tax, or reduction of the net operating loss carryover, at a reduced rate for any accumulated earnings and profits of its non-U.S. subsidiaries at December 31, 2017. The Company determined that its non-U.S. subsidiaries had no accumulated earnings and profits as of December 31, 2017. U.S. Tax Reform includes provisions for Global Intangible Low-Taxed Income (“GILTI”) under which taxes on foreign income are imposed on the excess of a deemed return on tangible assets of certain foreign subsidiaries and for Base Erosion and Anti-Abuse Tax (“BEAT”) under which taxes are imposed on certain base eroding payments to affiliated foreign companies. Consistent with accounting guidance, we treat BEAT as a period tax charge in the period the tax is incurred and have made an accounting policy election to treat GILTI taxes in a similar manner.

Contingencies and Commitments

Contingencies and Commitments	12 Months Ended
	Dec. 31, 2019
Contingencies and Commitments
Contingencies and Commitments	Note 19. Contingencies and Commitments Lawsuits and Legal Proceedings From time to time, the Company may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. However, litigation is subject to inherent uncertainties, and an adverse result in these or other matters may arise from time to time that may harm the business. Shareholder Class Action On July 19, 2019, a purported class action, captioned Jose Pinto Claro Da Fonseca Miranda v. Ideanomics, Inc., was filed in the United States District Court for the Southern District of New York against the Company and certain of its current and former officers. While the Company believes that the Class Action is without merit and plans to vigorously defend itself against these claims, there can be no assurance that the Company will prevail in the lawsuits. The Company cannot currently estimate the possible loss or range of losses, if any, that it may experience in connection with these litigations.

Concentration, Credit and Other

Concentration, Credit and Other Risks	12 Months Ended
	Dec. 31, 2019
Concentration, Credit and Other Risks
Concentration, Credit and Other Risks	Note 20. Concentration, Credit and Other Risks a) PRC Regulations The PRC market in which the Company operates poses certain macro-economic and regulatory risks and uncertainties. These uncertainties extended to the ability of the Company to conduct wireless telecommunication services through contractual arrangements in the PRC since the industry remains highly regulated. The Company conducted legacy YOD business in China through a series of contractual arrangements, which were terminated as of December 31, 2019. Refer to Note 5 for additional information. The Company believed that these contractual arrangements were in compliance with PRC law and were legally enforceable, or their respective legal shareholders failed to perform their obligations under the contractual arrangements or any dispute relating to these contracts remained unresolved, the Company could enforce its rights under the VIE contracts through PRC law and courts. However, uncertainties in the PRC legal system could limit the Company’s ability to enforce these contractual arrangements. In particular, the interpretation and enforcement of these laws, rules and regulations involve uncertainties. b) Major Customers For the year ended December 31, 2019, one customers individually accounted for more than 10.0% of the Company’s revenue (91% of revenue). One customer individually accounted for more than 10.0% of the Company’s net accounts receivable as of December 31, 2019 (95% of accounts receivable). For the year ended December 31, 2018, two customers individually accounted for more than 10.0% of the Company’s revenue (91% of revenue). Two customers individually accounted for more than 10.0% of the Company’s net accounts receivable as of December 31, 2018 (39% of accounts receivable). c) Major Suppliers For the year ended December 31, 2019, no suppliers individually accounted for more than 10.0% of the Company’s cost of revenues. Two suppliers individually accounted for more than 10.0% of the Company’s accounts payable as of December 31, 2019. For the year ended December 31, 2018, three suppliers (two of whom are related parties) individually accounted for more than 10.0% of the Company's cost of revenues. Two suppliers individually accounted for more than 10.0% of the Company's accounts payable as of December 31, 2018. (d) Concentration of Credit Risks Financial instruments that potentially subject the Company to significant concentration of credit risk primarily consist of cash and accounts receivable. As of December 31, 2019 and 2018, the Company’s cash was held by financial institutions (located in the PRC, Hong Kong, the United States and Singapore) that management believes have acceptable credit. Accounts receivable are typically unsecured. The risk with respect to accounts receivable is mitigated by regular credit evaluations that the Company performs on its distribution partners and its ongoing monitoring of outstanding balances. (e) Foreign Currency Risks A majority of the Company’s operating transactions are denominated in RMB and a significant portion of the Company’s assets and liabilities is denominated in RMB. RMB is not freely convertible into foreign currencies. The value of the RMB is subject to changes in the central government policies and to international economic and political developments. In the PRC, certain foreign exchange transactions are required by laws to be transacted only by authorized financial institutions at exchange rates set by the People’s Bank of China (“PBOC”). Remittances in currencies other than RMB by the Company in China must be processed through PBOC or other China foreign exchange regulatory bodies which require certain supporting documentation in order to complete the remittance. Cash consist of cash on hand and demand deposits at banks, which are unrestricted as to withdrawal. Time deposits, which mature within one year as of the balance sheet date, represent interest-bearing certificates of deposit with an initial term of greater than three months when purchased. Time deposits which mature over one year as of the balance sheet date are included in non-current assets. The following table summarizes the Company’s cash and time deposits maintained at banks: December 31, 2019 2018 RMB denominated bank deposits with financial institutions in the PRC $ 135,899 $ 1,523,622 US dollar denominated bank deposits with financial institutions in the PRC 24,459 133,053 HKD denominated bank deposits with financial institutions in Hong Kong Special Administrative Region (“HK SAR”) 7 13,133 US dollar denominated bank deposits with financial institutions in HK SAR 51,240 44,182 US dollar denominated bank deposits with financial institutions in Singapore 570,373 697,099 US dollar denominated bank deposits with financial institutions in the United States of America (“USA”) 1,804,124 695,155 Ringgit denominated bank deposits with financial institutions in Malaysia 229 — SGD denominated bank deposits with financial institutions in Singapore 45,635 — Total $ 2,631,966 $ 3,106,244 As of December 31, 2019 and December 31, 2018 deposits of $0.4 million and $0.0 million were insured, respectively. To limit exposure to credit risk relating to bank deposits, the Company primarily places bank deposits only with large financial institutions in the PRC, HK SAR, USA, Singapore and Cayman with acceptable credit rating.

Defined Contribution Plan

Defined Contribution Plan	12 Months Ended
	Dec. 31, 2019
Defined Contribution Plan
Defined Contribution Plan	Note 21. Defined Contribution Plan For U.S. employees, during 2011, the Company began sponsoring a 401(k) defined contribution plan ("401(k) Plan") that provides for a 100.0% employer matching contribution of the first 4.0% of eligible pay that the employee contributed to the plan. Employees are immediately 100.0% vested in the Company’s non-discretionary contribution to the 401(k) Plan. Company 401(k) matching contributions were $27,244 and $3,242 in the years ended December 31, 2019 and 2018, respectively. Full time employees in the PRC participate in a government-mandated defined contribution plan pursuant to which certain pension benefits, medical care, unemployment insurance, employee housing fund and other welfare benefits are provided to employees. PRC labor regulations require the Company to make contributions based on certain percentages of the employees’ basic salaries. Other than such contributions, there is no further obligation under these plans. The total contribution for such PRC employee benefits was $0.4 million and $0.5 million in the years ended December 31, 2019 and 2018, respectively.

Geographic Areas

Geographic Areas	12 Months Ended
	Dec. 31, 2019
Geographic Areas
Geographic Areas	Note 22. Geographic Areas The following table summarizes geographic information for long-lived assets: December 31, 2019 December 31, 2018 United States $ 64,360,287 $ 42,220,799 Malaysia 51,733,413 — British Virgin Islands 3,000,000 3,000,000 Other 510,741 3,942,270 Total $ 119,604,441 $ 49,163,069

Fair Value Measurement

Fair Value Measurement	12 Months Ended
	Dec. 31, 2019
Fair Value Measurements
Fair Value Measurements	Note 23. Fair Value Measurement The following table summarizes information about the Company’s financial instruments measured at fair value on a recurring basis, grouped into Level 1 to 3 based on the degree to which the input to fair value is observable: December 31, 2019 Level I Level II Level III Total Acquisition earn-out liability 1 — — 7,311,129 7,311,129 Note 1 This represents the liability incurred in connection with the acquisition of DBOT shares during the third quarter of 2019 and as subsequently remeasured as of December 31, 2019 as disclosed in Note 6(c). The fair value of the acquisition earn-out liability as of December 31, 2019 was valued using the Black-Scholes Merton method. The following table summarizes the significant inputs and assumptions used in the model: December 31, 2019 Risk-free interest rate 1.6 % Expected volatility 30 % Expected term 0.25 year Expected dividend yield 0 % The significant unobservable inputs used in the fair value measurement of the acquisition earn-out liability includes the risk-free interest rate, expected volatility, expected term and expected dividend yield. Significant increases or decreases in any of those inputs in isolation would result in a significantly different fair value measurement. The following table summarizes the reconciliation of Level 3 fair value measurements: Acquisition Earn-out Liability January 1, 2019 $ — Addition (2,217,034) Remeasurement (loss)/gain recognized in the income statement (5,094,095) December 31, 2019 $ (7,311,129)

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2019
Subsequent Events
Subsequent Events	Note 24. Subsequent Events On January 24, 2020, the Company entered into an agreement (the “Agreement”) with Qingdao Xingyang City Investment (“Qingdao”) in which Qingdao agreed to invest, pursuant to an installment plan, in the Company’s subsidiary, Qingdao Mobile New Energy Vehicle Sales Co. Ltd. (“Mobile”), an aggregate of potentially 200 million RMB as registered capital with an initial investment of 50 million RMB ($7.2 million). The Company and Qingdao also agreed to jointly establish Mobile to engage in electric commercial vehicle sales. Pursuant to the Agreement Qingdao agreed that within 10 days after the completion of the establishment of Mobile Qingdao would invest 50 million RMB as the first installment and, once Mobile starts operation , an additional 50 million RMB as registered capital for each 10 billion RMB sales revenue realized by Mobile or for each 10 billion RMB increase in the market value of Mobile. Once Mobile achieves 30 billion RMB or its market value reaches 30 billion RMB, Qingdao will pay the 200 million RMB in full as registered capital. Qingdao will receive a 10% equity interest in Mobile for the full investment of 200 million RMB. On January 31, 2020 the Company issued 10.9 million shares of the Company's common stock pursuant to the terms of the True-Up provisions of the securities purchase agreement for the Company's acquisition of DBOT. The securities purchase agreements required the Company to issue additional shares of the Company's common stock ("True-Up Common Stock") in the event the stock price of the common stock was below $2.11 at the close of trading on January 30, 2020, the day immediately preceding the lock-up date. The common stock issuance is subject to the restrictions of Rule 144A of the Securities Act of 1933.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2019
Summary of Significant Accounting Policies
Basis of Presentation	(a) Basis of Presentation The consolidated financial statements of Ideanomics, Inc., its subsidiaries and VIEs were prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and include the assets, liabilities, revenues and expenses of the subsidiaries over which the Company exercises control and, when applicable, entities for which the Company has a controlling financial interest or is the primary beneficiary. Intercompany transactions and balances are eliminated in consolidation.
Use of Estimates	(b) Use of Estimates The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses, as well as the related disclosure of contingent assets and liabilities. Actual results could differ from those estimates. On an ongoing basis, the Company evaluates its estimates, including those related to the bad debt allowance, sales returns, fair values of financial instruments, equity investments, stock-based compensation, intangible assets and goodwill, useful lives of intangible assets and property and equipment, asset retirement obligations, income taxes, and contingent liabilities, among others. The Company bases its estimates on assumptions, both historical and forward looking, that are believed to be reasonable, the results of which form the basis for making judgments about the carrying amounts of assets and liabilities.
Cash and Cash Equivalents	(c) Cash and Cash Equivalents Cash consists of cash on hand and demand deposits with an original maturity of three months or less when purchased. Refer to Note 20 (d) and (e) for additional information on our credit and foreign currency risks.
Accounts Receivable, net	(d) Accounts Receivable, net Accounts receivable are recognized at invoiced amounts and do not bear interest. The Company maintains an allowance for doubtful accounts for estimated losses resulting from the inability of its customers to make required payments. The Company reviews its allowance for doubtful accounts receivable on an ongoing basis. In establishing the required allowance, management considers any historical losses, the customer’s financial condition, the accounts receivable aging, and the customer’s payment patterns. After all attempts to collect a receivable have failed and the potential for recovery is remote, the receivable is written off against the allowance.
Licensed Content	(e) Licensed Content The Company previously obtained content through content license agreements with studios and distributors. The Company recognized licensed content when the license fee and the specified content titles were known or reasonably determinable. Prepaid license fees were classified as an asset (licensed content) and accrued license fees payable were classified as a liability on the consolidated balance sheets. The Company amortized licensed content in cost of revenues over the contents’ contractual availability based on the expected revenue derived from the licensed content, beginning with the month of first availability, such that our revenues bore a representative amount of the cost of the licensed content. Management reviewed factors that impacted the amortization of licensed content at each reporting date, including factors that may bear direct impact on expected revenue from specific content titles. Changes in the expected revenue from licensed content could have had a significant impact on the amortization pattern. Management evaluated the recoverability of the licensed content whenever events or changes in circumstances indicated that its carrying amount may not have been recoverable. No impairment losses were recorded in the years ended December 31, 2019 and 2018. The Company sold the entire licensed content in March 2019.
Property and Equipment, net	(f) Property and Equipment, net Property and equipment are stated at cost less accumulated depreciation. Expenditures for major renewals and improvements, which extend the original estimated economic useful lives of applicable assets, are capitalized. Expenditures for normal repairs and maintenance are charged to expense as incurred. The costs and related accumulated depreciation of assets sold or retired are removed from the accounts and any gain or loss thereon is recognized in the consolidated statement of operations. Depreciation is provided for on a straight-line basis over the estimated useful lives of the respective assets. The estimated useful life is 5 years for furniture, 3 years for electronic equipment, 5 years for vehicles and lesser of lease terms or the estimated useful lives of the assets for leasehold improvements. Construction in progress is stated at cost, which includes the cost of construction and other direct costs attributable to the construction. No provision for depreciation is made on construction in progress until such time as the relevant assets are completed and put into use. Construction in progress at December 31, 2019 and 2018 represents Fintech Village under construction. Refer to Note 8 for additional information. Asset Retirement Obligations Asset retirement obligations generally apply to legal obligations associated with the retirement of a tangible long-lived asset that result from the acquisition, construction or development and the normal operation of a long-lived asset. If a reasonable estimate of fair value can be made, the fair value of a liability for an asset retirement obligation is recognized in the period in which it is incurred or a change in estimate occurs. Asset retirement costs associated with asset retirement obligations are capitalized with the carrying amount of the related long-lived assets and depreciated over the related asset’s estimated useful life. The Company’s asset retirement obligations as of December 31, 2019 and 2018 are associated with the acquisition of Fintech Village, in which the Company is contractually obligated to remediate certain existing environmental conditions. The Company will start to amortize the asset retirement costs if and when the related assets are completed, put into use and depreciation commences. In the year ended December 31, 2019, the Company impaired buildings with a carrying amount of $2.3 million, and impaired related asset retirement costs of $1.5 million. Refer to Note 8 for more information.
Business Combinations	(g) Business Combinations The Company includes the results of operations of the businesses that are acquired as of the acquisition date. The Company allocates the purchase price of the acquisitions to the assets acquired and liabilities assumed based on their estimated fair values. The excess of the purchase price over the fair values of identifiable assets and liabilities is recorded as goodwill. Acquisition-related expenses are recognized separately from the business combination and are expensed as incurred.
Intangible Assets and Goodwill	(h) Intangible Assets and Goodwill The Company accounts for intangible assets and goodwill in accordance with Accounting Standards Codification (“ASC”) 350, Intangibles – Goodwill and Other (“ASC 350”). ASC 350 requires that goodwill and intangible assets with indefinite useful lives no longer be amortized, but instead be evaluated for impairment at least annually. In accordance with ASC 350, goodwill is allocated to reporting units, which are either the operating segment or one reporting level below the operating segment. On an annual basis, in the fourth quarter of the fiscal year, management reviews goodwill for impairment by first assessing qualitative factors to determine whether the existence of events or circumstances makes it more-likely-than-not that the fair value of a reporting unit is less than its carrying amount. If it is determined that it is more-likely-than-not that the fair value of a reporting unit is less than its carrying amount, goodwill is further tested for impairment by comparing the carrying amount to the estimated fair value of its reporting units, determined using externally quoted prices (if available) or a discounted cash flow model and, when deemed necessary, a market approach. Goodwill impairment, if any, is measured as the amount by which a reporting unit’s carrying amount exceeds its fair value. Application of goodwill impairment tests requires significant management judgment, including the identification of reporting units, assigning assets, liabilities and goodwill to reporting units and determination of fair value of each reporting unit. Judgment applied when performing the qualitative analysis includes consideration of macroeconomic, industry and market conditions, overall financial performance of the reporting unit, composition, personnel or strategy changes affecting the reporting unit and recoverability of asset groups within a reporting unit. Judgments applied when performing the quantitative analysis includes estimating future cash flows, determining appropriate discount rates and making other assumptions. Changes in these judgments, estimates and assumptions could materially affect the determination of fair value for each reporting unit. The Company has other intangible assets, not including goodwill, which consist primarily of customer relationships and contracts, trademarks and tradenames and other intellectual property, which are generally recorded in connection with acquisitions at their fair value. Intangible assets with estimable lives are amortized, generally on a straight-line basis, over their respective estimated useful lives to their estimated residual values and reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. The Company recorded an impairment loss related to a secure mobile financial information, social and messaging platform of $5.7 million in the year ended December 31, 2019. No impairment losses were recorded in the year ended December 31, 2018. Refer to Note 9(b) for additional information.
Digital Currency	(i) Digital Currency The Company may, from time to time, enter into transactions denominated in digital currency, which may consist of GTDollar Coins (“GTB”), Bitcoin, Ethereum and/or other types of digital currency. Digital currency is a type of digital asset that is not a fiat currency and is not backed by hard assets or other financial instruments. As a result, the value of digital currency is determined by the value that various market participants place on the respective digital currencies through their transactions. Holders of digital currency make or lose money from buying and selling digital currency. Given that there is limited precedent regarding the classification and measurement of cryptocurrencies and other digital currencies under current GAAP, the Company has determined to account for these currencies as indefinite-lived intangible assets in accordance with ASC 350, Intangibles-Goodwill and Other (“ASC 350”) until further guidance is issued by the Financial Accounting Standards Board (“FASB”). In the year ended December 31, 2019, the Company entered into transactions in which it received 8.3 million GTB, valued at the time at $61.1 million. On October 29, 2019, GTB had an unexpected significant decline in quoted price, from $17.00 to $1.84. This decline continued through the fourth quarter of 2019, and on December 31, 2019 the quoted price was $0.23. As a result of this decline in quoted price, and its inability to convert GTB into other digital currencies which were more liquid, or fiat currency, the Company performed an impairment analysis in the fourth quarter of 2019 and recorded an impairment loss of $61.1 million. Refer to Note 9(g) for additional information.
Long-term investments	(j) Long-term Investments The Company accounts for equity investments through which management exercises significant influence but does not have control over the investee under the equity method. Under the equity method, the investment is initially recorded at cost and adjusted for the Company’s share of undistributed earnings or losses of the investee. The Company’s share of losses is not recognized when the investment is reduced to zero since the Company does not guarantee the investees’ obligations nor is the Company committed to providing additional funding. Beginning on January 1, 2018, the equity investments which are not consolidated or accounted for under the equity method are either carried at fair value or under the measurement alternative upon the adoption of the Accounting Standards Update (“ASU”) No. 2016‑01, Financial Instruments – Overall (Subtopic 825-10) (“ASU No 2016-01”). The Company utilizes the measurement alternative for equity investments that do not have readily determinable fair values and measures these investments at cost less impairment plus or minus observable price changes in orderly transactions for an identical or similar investment of the same issuer. The Company classifies its long-term investments as non-current assets on the consolidated balance sheets. Impairment of Investments Management periodically reviews long-term investments for impairment whenever events or changes in business circumstances indicate that the carrying amount of the investment may not be fully recoverable. Management considers impairment indicators such as negative changes in industry and market conditions, financial performance, business prospects, and other relevant events and factors. If indicators exist and the fair value of the investment is below the carrying amount, an impairment loss is recorded to record the investment at fair value. The Company recorded impairment losses of $3.0 million and $0 in the years ended December 31, 2019 and 2018, respectively, for equity investments accounted for under the measurement alternative, and recorded impairment losses of $13.1 million and $0 in the years ended December 31, 2019 and 2018, respectively, for investments accounted for as equity method investments . Refer to Note 10 for additional information on impairment losses.
Leases	(k) Leases The Company adopted ASU No. 2016-02 (“ASU 2016-02”) as of January 1, using a modified retrospective method. The Company leases certain office space and equipment from third-parties. Leases with an initial term of 12 months or less are not recorded on the balance sheet and lease expense is recognized on a straight-line basis over the lease term. For leases beginning in 2019 and later, at the inception of a contract management assesses whether the contract is, or contains, a lease. The assessment is based on: (1) whether the contract involves the use of a distinct identified asset, (2) whether the right to substantially all the economic benefit from the use of the asset throughout the period is obtained, and (3) whether the Company has the right to direct the use of the asset. At the inception of a lease, management allocates the consideration in the contract to each lease component based on its relative stand-alone price to determine the lease payments. Leases entered into prior to January 1, 2019, are accounted for under ASC 840, Leases (“ASC 840”) and were not reassessed. The Company accounts for lease components (e.g., fixed payments including rent, real estate taxes and insurance costs) separately from the nonlease components (e.g., common-area maintenance costs). Most leases include one or more options to renew, with renewal terms that can extend the lease term from one year or more. The exercise of lease renewal options is at the Company’s sole discretion. Renewal periods are included in the lease term only when renewal is reasonably certain, which is a high threshold and requires management to apply judgment to determine the appropriate lease term. The Company’s leases do not include options to purchase the leased property. The depreciable life of assets and leasehold improvements are limited by the expected lease term. Certain lease agreements include rental payments adjusted periodically for inflation. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. All of the Company’s leases are classified as operating leases. The Company has elected not to recognize right-of-use assets and lease liabilities for short-term leases that have a term of 12 months or less. The effect of short-term leases and initial direct costs on our right-of-use asset and lease liability was not material. ASC 842 requires the Company to make certain assumptions and judgments in applying the guidance, including determining whether an arrangement includes a lease, determining the term of a lease when the contract has renewal or cancellation provisions, and determining the discount rate. As the rate implicit in the lease is not usually available, the Company used an incremental borrowing rate based on the information available at the adoption date of ASC 842 in determining the present value of lease payments for existing leases. The Company will use information available at the lease commencement date to determine the discount rate for any new leases. Refer to Note 11 for additional information.
Convertible Promissory Notes	(l) Convertible Promissory Notes The Company accounts for its convertible notes at issuance by allocating the proceeds received from a convertible note among freestanding instruments according to ASC 470, Debt, based upon their relative fair values. The fair value of debt and common stock is determined based on the closing price of the common stock on the date of the transaction, and the fair value of warrants, if any, is determined using the Black-Scholes option-pricing model. Convertible notes are subsequently carried at amortized cost. The fair value of the warrants is recorded as additional paid-in capital, with a corresponding as a debt discount from the face amount of the convertible note. Each convertible note is analyzed for the existence of a beneficial conversion feature (“BCF”), defined as the fair value of the common stock at the commitment date for the convertible note, less the effective conversion price. Beneficial conversion features are recognized at their intrinsic value, and recorded as an increase to additional paid-in capital, with a corresponding reduction in the carrying amount of the convertible note (as a debt discount from the face amount of the convertible note). The discounts on the convertible notes, consisting of amounts ascribed to warrants and beneficial conversion features, are amortized to interest expense, using the effective interest method, over the terms of the related convertible notes. Beneficial conversion features that are contingent upon the occurrence of a future event are recorded when the contingency is resolved. The Company also analyzes the features of its convertible notes which, when triggered, mandate a downward adjustment to the instrument’s strike price (or conversion price) if equity shares are issued at a lower price (or equity-linked financial instruments are issued at a lower strike price) than the instrument’s then-current strike price. The purpose of the feature is typically to protect the instrument’s counterparty from future issuances of equity shares at a more favorable price.
Fair Value Measurements	(m) Fair Value Measurements U. S. GAAP requires the categorization of financial assets and liabilities, based on the inputs to the valuation technique, into a three-level fair value hierarchy. The various levels of the fair value hierarchy are described as follows: · Level 1 - Unadjusted quoted market prices for identical assets and liabilities in an active market that the Company has the ability to access. · Level 2 - Quoted prices in markets that are not active or model inputs that are observable for substantially the full term of the asset or liability. · Level 3 - Prices or valuation techniques that require inputs that are both unobservable and significant to the overall fair value measurement. The fair value hierarchy requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The Company reviews the valuation techniques used to determine if the fair value measurements are still appropriate on an annual basis, and evaluates and adjusts the unobservable inputs used in the fair value measurements based on current market conditions and third-party information. Our financial assets and liabilities that are measured at fair value on a recurring basis include cash and cash equivalents, accounts receivable, accounts payable, accrued other expenses, other current liabilities and convertible notes. The fair values of these assets and liabilities approximate carrying amounts because of the short-term nature of these instruments. Our financial and non-financial assets and liabilities that are measured at fair value on a nonrecurring basis include goodwill and other intangible assets, asset retirement obligations, and adjustment in carrying amount of equity securities for which the measurement alternative of cost less impairment plus or minus observable price changes is used. Refer to Notes 2(f), 2(h), 2(i) and 2(j) for additional information on impairment losses.
Assets and Liabilities Held for Sale	(n) Assets and Liabilities Held for Sale The Company classifies assets and liabilities (disposal group) to be sold as held for sale in the period in which all of the following criteria are met: (1) management, having the authority to approve the action, commits to a plan to sell the disposal groups; (2) the disposal group is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such disposal group; (3) an active program to locate a buyer and other actions required to complete the plan to sell the disposal group have been initiated; (4) the sale of the disposal group is probable, and (5) transfer of the disposal group is expected to qualify as a completed sale within one year, except if events or circumstances beyond the Company’s control extend the period of time required to sell the disposal group beyond one year; (6) the disposal group is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and (7) actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn. The Company initially measures a disposal group that is classified as held for sale at the lower of its carrying amount or fair value less any costs to sell. Any loss resulting from this measurement is recognized in the period in which the held for sale criteria are met. Gains are not recognized on the sale of a disposal group until the date of sale. The Company assesses the fair value of a disposal group, less any costs to sell, each reporting period it remains classified as held for sale and reports any subsequent losses as an adjustment to the carrying amount of the disposal group. As part of this assessment, the Company also evaluates the criteria for reporting the disposal group as a discontinued operation. Factors which the Company considers includes, but is not limited to, the level of continuing involvement, if any, whether the disposal constitutes a strategic shift, and the relative magnitude of revenue, net income or loss, and total assets.
Foreign Currency Translation	(o) Foreign Currency Translation The Company uses the United States dollar (“$” or “USD”) as its reporting currency. The Company’s worldwide operations utilize the local currency or USD as the functional currency, where applicable. For certain foreign subsidiaries, USD is used as the functional currency, and the local records are maintained in USD. This occurs when the subsidiary is considered an extension of the parent. The functional currency of certain subsidiaries and VIEs located in the Peoples Republic of China (“PRC” or “China”) and Hong Kong is either the Renminbi (“RMB”) or Hong Kong dollars (“HKD”). In the consolidated financial statements, the financial information of the entities which use RMB and HKD as their functional currency has been translated into USD: assets and liabilities are translated at the exchange rates on the balance sheet date, equity amounts are translated at the historical exchange rates, and revenues, expenses, gains and losses are translated using the average rate for the period. Translation adjustments arising from these are reported as foreign currency translation adjustments and are shown as a component as a component of “Accumulated other comprehensive loss” in the equity section of the consolidated balance sheets. Transactions denominated in currencies other than functional currency are translated into the functional currency using the exchange rates prevailing at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies at the balance sheet date are translated in the functional currency at the applicable rates of exchange in effect at the balance sheet date. The resulting exchange differences are recorded in “Other” in the consolidated statements of operations.
Revenue Recognition	(p) Revenue Recognition The Company adopted ASU No. 2014‑09, Revenue from Contracts with Customers , and other related ASUs (collectively, ASC 606, Revenue from Contracts with Customers ) (“ASC 606”) as of January 1, 2018 using the modified retrospective transition approach. The Company recognizes revenue when its customer obtains control of promised goods or services in an amount that reflects the consideration which the Company expects to receive in exchange for those goods or services. For most of the Company’s customer arrangements, control transfers to customers at a point in time, as that is generally when legal title, physical possession and risk and rewards of goods/services transfer to the customer. In certain arrangements, control transfers over time as the customer simultaneously receives and consumes the benefits as the Company completes the performance obligations. Our contracts with customers may include multiple performance obligations. For such arrangements, revenue is allocated to each performance obligation based on its relative standalone selling price. Standalone selling prices are based on the observable prices charged to customers or adjusted market assessment or using expected cost-plus margin when one is available. Adjusted market assessment price is determined based on overall pricing objectives taking into consideration market conditions and entity specific factors. Certain customers may receive discounts, which are accounted for as variable consideration. Variable consideration is estimated based on the expected amount to be provided to customers, and reduces revenues recognized. The Company records deferred revenues when cash payments are received or due in advance of performance, including amounts which are refundable. Substantially all of the deferred revenue as of December 31, 2018 was recognized as revenue in the year ended December 31, 2019. The Company does not disclose the value of unsatisfied performance obligations for contracts with an original expected length of one year or less.
Advertising and Marketing Costs	(q) Advertising and Marketing Costs Advertising and marketing costs are expensed as incurred. Advertising and marketing costs were $24,394 and $0.2 million in the years ended December 31, 2019 and 2018, respectively.
Research and Development Costs	(r) Research and Development Costs The Company expenses research and development costs, including costs to develop software products or the software component of products to be sold, leased, or marketed to external users, before technological feasibility is reached. Technological feasibility is typically reached shortly before the release of such products and as a result, development costs that meet the criteria for capitalization were not material for the periods presented. Research and development costs also include costs to develop software to be used solely to meet internal needs and -based applications used to deliver our services. The Company capitalizes development costs related to these software applications once the preliminary project stage is complete and it is probable that the project will be completed and the software will be used to perform the function intended. The Company ceased research and development activities during the year ended December 31, 2018. All the software developed in the year ended December 31,2018 did not reach technological feasibility and therefore no costs were capitalized.
Share-Based Compensation	(s) Share-Based Compensation The Company awards share options and other equity-based instruments to its employees, directors and consultants (collectively “share-based payments”). Compensation cost related to such awards is measured based on the fair value of the instrument on the grant date. The Company recognizes the compensation cost over the period the employee is required to provide service in exchange for the award, which generally is the vesting period. The amount of cost recognized is adjusted to reflect the expected forfeiture prior to vesting. When no future services are required to be performed by the employee in exchange for an award of equity instruments, and if such award does not contain a performance or market condition, the cost of the award is expensed on the grant date. The Company recognizes compensation cost for an award with only service conditions that has a graded vesting schedule on a straight-line basis over the requisite service period for the entire award, provided that the cumulative amount of compensation cost recognized at any date at least equals the portion of the grant-date value of such award that is vested at that date.
Income Taxes	(t) Income Taxes The Company accounts for income taxes in accordance with the asset and liability method. Deferred taxes are recognized for the future tax consequences attributable to temporary differences between the carrying amounts of assets and liabilities for financial statement purposes and income tax purposes using enacted rates expected to be in effect when such amounts are realized or settled. The effect on deferred taxes of a change in tax rates is recognized in income in the period that includes the enactment date. A valuation allowance is established, as needed, to reduce the amount of deferred tax assets if it is considered more-likely-than-not that some portion or all of the deferred tax assets will not be realized. The Company recognizes the effect of uncertain income tax positions only if those positions are more-likely-than-not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company’s policy is to record interest and penalties related to uncertain tax positions as a component of income tax expense. There were no such interest or penalty for the years ended December 31, 2019 and 2018. On December 22, 2017 the Tax Cut and Jobs Act of 2017 (“the Tax Act”) was signed into law, which among other effects, reduces the U.S. federal corporate income tax rate to 21% from 34% (or 35% in certain cases) beginning in 2018, and requires companies to pay a one-time transition tax on certain unrepatriated earnings from non-U.S. subsidiaries that is payable over eight years. No tax was due under this provision. The Tax Act also makes the receipt of future non-U.S. sourced income of non-U.S. subsidiaries tax-free to U.S. companies and creates a new minimum tax on the earnings of non-U.S. subsidiaries relating to the parent’s deductions for payments to the subsidiaries.
Net Loss Per Share Attributable to IDEX Shareholders	(u) Net Loss Per Share Attributable to IDEX Shareholders Net loss per share attributable to our shareholders is computed in accordance with ASC 260, Earnings Per Share (Topic 260) (“ASC 260”). The two-class method is used for computing earnings per share. Under the two-class method, net income is allocated between common shares and participating securities based on dividends declared (or accumulated) and participating rights in undistributed earnings as if all the earnings for the reporting period had been distributed. The Company’s convertible redeemable preferred shares are participating securities because the holders are entitled to receive dividends or distributions on an as converted basis. For the years presented herein, the computation of basic loss per share using the two-class method is not applicable as the Company is in a net loss position and net loss is not allocated to other participating securities, since these securities are not obligated to share the losses in accordance with the contractual terms. Basic net loss per share is computed by dividing net loss attributable to IDEX common shareholders by the weighted average number of common shares outstanding during the period. Options and warrants are not considered outstanding in computation of basic earnings per share. Diluted net loss per share is computed by dividing net loss attributable to IDEX common shareholders by the weighted average number of common shares and potential common shares outstanding during the period under the treasury stock method. Potential common shares include options and warrants to purchase common shares, preferred shares and convertible promissory notes, unless they were anti-dilutive. The computation of diluted net loss per share does not assume conversion, exercise, or contingent issuance of securities that would have an anti-dilutive effect (i.e. an increase in earnings per share amounts or a decrease in loss per share amounts) on net loss per share.
Reclassifications of a General Nature	(v) Reclassifications of a General Nature Certain amounts in the prior periods presented have been reclassified to conform to the current period financial statement presentation. These reclassifications have no effect on previously reported net income.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements In February 2016, the FASB issued ASU No. 2016‑02 (“ASU 2016-02”) " Leases (Topic 842 ),” which requires lessees to recognize a right-of-use asset and lease liability for all leases with terms of more than 12 months. Recognition, measurement and presentation of expenses will depend on classification as a finance or operating lease. The Company adopted ASU 2016-02 as of January 1, 2019, using a modified retrospective transition method. As a result, the consolidated balance sheet prior to January 1, 2019 was not restated, and continues to be reported under ASC Topic 840, “ Leases .” The lease liability is based on the present value of the remaining minimum lease payments, determined under ASC 840, discounted using the Company’s incremental borrowing rate at the effective date of January 1, 2019, using the original lease term as the tenor. As permitted under the transition guidance, the Company elected several practical expedients that permit the Company to not reassess (1) whether a contract is or contains a lease, (2) the classification of existing leases, and (3) whether previously capitalized costs continue to qualify as initial indirect costs. The application of the practical expedients did not have a significant impact on the measurement of the operating lease liability. The adoption of ASU 2016-02 resulted in the recording of operating right-of-use assets and the related lease liabilities of $3.6 million and $3.7 million, respectively, as of January 1, 2019. The difference between the additional right-of-use assets and lease liabilities was immaterial. The adoption of ASU 2016-02 did not materially impact the consolidated statement of operations and had no impact on the consolidated statement of cash flows. Refer to Note 10 for additional information. In July 2017, the FASB issued ASU No. 2017-11 (“ASU 2017-11”) “ Earnings Per Share (Topic 260); Distinguishing Liabilities from Equity (Topic 480); Derivatives and Hedging (Topic 815): (Part I) Accounting for Certain Financial Instruments with Down Round Features, (Part II) Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception, ” which applies to issuers of financial instruments with down round features. A down round feature is a term in an equity-linked financial instrument (i.e. a freestanding warrant contract or an equity conversion feature embedded within a host debt or equity contract) that triggers a downward adjustment to the instrument’s strike price (or conversion price) if equity shares are issued at a lower price (or equity-linked financial instruments are issued at a lower strike price) than the instrument’s then-current strike price. The purpose of the feature is typically to protect the instrument’s counterparty from future issuances of equity shares at a more favorable price. ASU 2017-11 amends (1) the classification of such instruments as liabilities or equity by revising the certain guidance relative to evaluating if they must be accounted for as derivative instruments, and (2) the guidance on recognition and measurement of freestanding equity-classified instruments. The Company adopted ASU 2017-11 as of January 2019 on a prospective basis. Refer to Note 13 for additional information. In June 2018, the FASB issued ASU No. 2018‑07 (“ASU 2018-07”) “ Compensation – Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting ,” which largely aligns the measurement and classification guidance for share-based payments to nonemployees with the guidance for share-based payments to employees. ASU 2018-07 also clarifies that any share-based payment issued to a customer should be evaluated under Accounting Standards Codification (“ASC”) 606, “ Revenue from Contracts with Customers .” The Company adopted ASU 2018‑07 as of January 1, 2019 on a modified retrospective basis. There was no impact to the consolidated financial statements because the Company did not have material payments in the year ended December 31, 2019. In May 2014, the FASB issued ASU No. 2014-09 (“ASU 2014-09”) “ Revenue from Contracts with Customers (Topic 606) ,” which relates to how an entity recognizes the revenue it expects to be entitled to for the transfer of promised goods and services to customers. The Company adopted ASU 2014-09 as of January 1, 2018 using the modified retrospective method applied to those contracts/sales orders which were not completed as of January 1, 2018. The effect from the adoption of ASU 2014-09 was not material to the consolidated financial statements. Refer to Note 2 (p) above and Note 4 for additional information. In January 2016, the FASB issued ASU No. 2016-01 (“ASU 2016-01”) " Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities ," which amends various aspects of the recognition, measurement, presentation, and disclosure of financial instruments. The Company adopted ASU 2016-01 as of January 1, 2018 on a prospective basis and elected to use the measurement alternative for the non-marketable equity securities, defined as cost adjusted for changes from observable transactions for identical or similar investments of the same issuer, less impairment. The adoption of ASU 2016-01 did not have a material impact on the consolidated financial statements. Refer to Note 10 for additional information. In November 2016, the FASB issued ASU No. 2016-18 (“ASU 2016-18”) " Statement of Cash Flows (Topic 230): Restricted Cash ," which clarifies how entities should present restricted cash and restricted cash equivalents in the statements of cash flows, and as a result, entities will no longer present transfers between cash and cash equivalents and restricted cash and restricted cash equivalents in the statements of cash flows. An entity with a material balance of restricted cash and restricted cash equivalents must disclose information about the nature of the restrictions. The Company adopted ASU 2016-18 as of January 1, 2018 on a retrospective basis. The new guidance changed the presentation of restricted cash in the consolidated statements of cash flows. In January 2017, the FASB issued ASU No. 2017-01 (“ASU 2017-01”) “ Business Combinations (Topic 805): Clarifying the Definition of a Business .” ASU 2017-01 affects all companies and other reporting organizations that must determine whether they have acquired or sold a business. The definition of a business affects many areas of accounting including acquisitions, disposals, goodwill, and consolidation. ASU 2017-01 is intended to help companies and other organizations evaluate whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. ASU 2017-01 provides a more robust framework to use in determining when a set of assets and activities is a business, provides more consistency in applying the guidance, reduces the costs of application, and makes the definition of a business more operable. The Company adopted ASU 2017-01 as of January 1, 2018 on a prospective basis. The adoption of ASU 2017-01 did not have a material impact on the consolidated financial statements. Refer to Note 6 for additional information.
Accounting Pronouncements Not Yet Adopted	Accounting Pronouncements Not Yet Adopted In June 2016, the FASB issued ASU No. 2016-13 (“ASU 2016-13”) " Financial Instruments - Credit Losses” (“ASC 326”): Measurement of Credit Losses on Financial Instruments " which requires the measurement and recognition of expected credit losses for financial assets held at amortized cost. ASU 2016-13 replaces the existing incurred loss impairment model with an expected loss model which requires the use of forward-looking information to calculate credit loss estimates. It also eliminates the concept of other-than-temporary impairment and requires credit losses related to available-for-sale debt securities to be recorded through an allowance for credit losses rather than as a reduction in the amortized cost basis of the securities. These changes will result in earlier recognition of credit losses. In November 2019, the FASB issued ASU 2019-10 “ Financial Instruments – Credit Losses (Topic 326), Derivatives and Hedging (Topic 815), and Leases (Topic 842) ” (“ASC 2019-10”), which defers the effective date of ASU 2016-13 to fiscal years beginning after December 15, 2022, including interim periods within those fiscal years, for public entities which meet the definition of a smaller reporting company. The Company will adopt ASU 2016-13 effective January 1, 2023. Management is currently evaluating the effect of the adoption of ASU 2016-13 on the consolidated financial statements. The effect will largely depend on the composition and credit quality of our investment portfolio and the economic conditions at the time of adoption. In December 2019, the FASB issued ASU No. 2019-12 (“ASU 2019-12”) “ Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes .” ASU 2019-12 will simplify the accounting for income taxes by removing certain exceptions currently provided for in ASC 740, “ Income Taxes ” (“ASC 740”), and by amending certain other requirements of ASC 740. The changes resulting from ASU 2019-12 will be made on a retrospective or modified retrospective basis, depending on the specific exception or amendment. For public business entities, the amendments in ASU 2019-12 are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The Company will adopt ASU 2019-12 effective January 1, 2021. Management is currently evaluating the effect of the adoption of ASU 2019-12 on the consolidated financial statements.

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2019
Revenue
Schedule of revenues disaggregated by revenue source, geography and timing of revenue recognition	2019 2018 Geographic Markets Singapore $ — $ 260,034,401 USA 41,873,064 638,412 Hong Kong — 117,070,059 PRC 2,693,891 — $ 44,566,955 $ 377,742,872 Product or Service Crude oil $ — $ 260,034,401 Consumer electronics — 116,723,251 Digital asset management services 40,700,000 — Electronic Vehicles 2,693,891 — Other 1,173,064 985,220 Total $ 44,566,955 $ 377,742,872 Timing of Revenue Recognition Products and services transferred at a point in time $ 3,866,955 $ 377,742,872 Services provided over time 40,700,000 — Total $ 44,566,955 $ 377,742,872

Acquisitions and Divestitures (

Acquisitions and Divestitures (Tables)	12 Months Ended
	Dec. 31, 2019
Business Acquisition [Line Items]
Schedule of assets acquired and liabilities assumed	Cash $ 508,000 Other financial assets 388,000 Financial liabilities (747,000) Noncontrolling interest (679,000) Goodwill 705,000 Influencer network 1,980,000 Customer contracts 500,000 Trade name 110,000 Technology platform 290,000 Deferred tax liabilities (570,000) $ 2,485,000
Tree Technologies
Business Acquisition [Line Items]
Schedule of assets acquired and liabilities assumed	Cash $ 229 Land use rights 27,078,944 Accounts payable (743,250) Noncontrolling interest (24,985,292) Goodwill 13,316,226 Marketing and distribution agreement 11,332,473 $ 25,999,330
DBOT
Business Acquisition [Line Items]
Schedule of assets acquired and liabilities assumed	Cash $ 246,929 Other financial assets 1,686,464 Financial liabilities (4,411,140) Noncontrolling interest (104,649) Goodwill 9,323,189 Intangible asset – continuing membership agreement 8,255,440 Intangible asset – customer list 58,830 $ 15,055,063
Schedule Of Consolidated Statement Of Operations On Proforma Basis	December 31, 2019 December 31, 2018 Revenue $ 44,675,864 $ 378,242,165 Net loss attributable to IDEX common shareholders (99,417,257) (30,164,664)
Grapevine Logic, Inc. ("Grapevine")
Business Acquisition [Line Items]
Schedule of assets acquired and liabilities assumed	Cash $ 508,000 Other financial assets 388,000 Financial liabilities (747,000) Noncontrolling interest (679,000) Goodwill 705,000 Influencer network 1,980,000 Customer contracts 500,000 Trade name 110,000 Technology platform 290,000 Deferred tax liabilities (570,000) $ 2,485,000
Amer Global Technology Limited [Member]
Business Acquisition [Line Items]
Schedule Of Income Statement Information	December 31, 2018 Revenue $ 261,026,833 Net loss from operations (25,031,090) Net loss (27,243,059) Net loss attributable to IDEX common shareholders (26,246,331)

Accounts Receivable (Tables)

Accounts Receivable (Tables)	12 Months Ended
	Dec. 31, 2019
Accounts Receivable
Schedule of Mobile Energy Group (formerly Wecast Services) business accounts receivable	The following table summarizes the Company’s accounts receivable: December 31, December 31, 2019 2018 Accounts receivable, gross $ 2,404,972 $ 19,370,665 Less: allowance for doubtful accounts (103) — Accounts receivable, net $ 2,404,869 $ 19,370,665
Schedule of aging of accounts receivable	: December 31, December 31, 2019 2018 Balance at the beginning of the year $ — $ 3,646 Disposal of Zhong Hai Shi Xun — (3,646) Acquisition of DBOT (103) — Balance at the end of the year $ (103) $ —

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	12 Months Ended
	Dec. 31, 2019
Property and Equipment, net
Schedule of property and equipment	December 31, December 31, 2019 2018 Furniture and office equipment $ 441,283 $ 357,064 Vehicle 62,052 63,135 Leasehold improvements 242,627 200,435 Total property and equipment 745,962 620,634 Less: accumulated depreciation (367,509) (186,514) Land 3,042,777 3,042,777 Building 308,779 2,607,666 Assets retirement obligations - environmental remediation 6,496,115 8,000,000 Capitalized direct development cost 2,713,356 944,864 Construction in progress (Fintech Village) 12,561,026 14,595,307 Property and Equipment, net 12,939,480 $ 15,029,427
Schedule of asset retirement obligation	January 1, Liabilities Remediation Accretion December 31, 2019 Incurred Performed Expense Revisions 2019 Asset retirement obligation $ 8,000,000 $ — $ 2,905,800 $ — $ — $ 5,094,200

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2019
Goodwill and Intangible Assets
Schedule of changes in carrying amount of goodwill	: Balance as of January 1, 2018 $ — Acquisitions 704,884 Balance as of December 31, 2018 704,884 Acquisitions 22,639,415 Balance as of December 31, 2019 $ 23,344,299
Schedule of amortizing and indefinite lived intangible assets	: December 31, 2019 December 31, 2018 Weight Average Gross Gross Remaining Carrying Accumulated Impairment Net Carrying Accumulated Impairment Net Useful Life Amount Amortization Loss Balance Amount Amortization Loss Balance Amortizing Intangible Assets Animation Copyright — $ — — — — 301,495 (64,606) — 236,889 Software and licenses — 97,308 (97,308) — — 97,308 (93,251) — 4,057 Solid Opinion IP (a) 4.2 4,655,000 (775,833) — 3,879,167 — — — — Fintalk intangible assets (b) — 6,350,000 (635,000) (5,715,000) — — — — — Influencer network (c) 8.7 1,980,000 (264,000) — 1,716,000 1,980,000 (66,000) — 1,914,000 Customer contract (c) 1.7 500,000 (222,222) — 277,778 500,000 (55,556) — 444,444 Continuing membership agreement (d) 19.5 8,255,440 (206,386) — 8,049,054 — — — — Customer list 2.5 58,830 (9,805) — 49,025 — — — — Trade name (c) 13.7 110,000 (9,778) — 100,222 110,000 (2,444) — 107,556 Technology platform (c) 5.7 290,000 (55,238) — 234,762 290,000 (13,808) — 276,192 Land use rights (e) 99 27,078,944 — — 27,078,944 — — — — Marketing and distribution agreement (e) 5 11,332,473 — — 11,332,473 — — — — Total 60,707,995 (2,275,570) (5,715,000) 52,717,425 3,278,803 (295,665) — 2,983,138 Indefinite lived intangible assets Website name (f) 159,504 — (134,290) 25,214 159,504 — (134,290) 25,214 Patent 28,000 — — 28,000 28,000 — — 28,000 GTB (g) 61,124,407 — (61,124,407) — — — — — Total $ 122,019,906 $ (2,275,570) $ (66,973,697) $ 52,770,639 $ 3,466,307 $ (295,665) $ (134,290) $ 3,036,352 a) During the first quarter of 2019, the Company completed the acquisition of certain assets from SolidOpinion in exchange for 4.5 million shares of the Company’s common stock with a fair value of $7.2 million. The assets acquired included cash of $2.5 million and intellectual property (“IP”) which is complementary to the IP of Grapevine. The parties agreed that 0.5 million of such shares of common stock (“Escrow Shares”) will be held in escrow until February 19, 2020 in connection with SolidOpinion’s indemnity obligations pursuant to the agreement. SolidOpinion has the rights to vote and receive the dividends paid with respect to the Escrow Shares. The Escrow Shares were scheduled to be released on February 19, 2020, and the Company has commenced the necessary steps to release the shares from escrow. b) In September 2018, the Company entered into an agreement to purchase Fintalk Assets from Sun Seven Star International Limited, a Hong Kong company and an affiliate of Dr. Wu. FinTalk Assets include the rights, titles and interest in a secure mobile financial information, social, and messaging platform that has been designed for streamlining financial-based communication for professional and retail users. The initial purchase price for the Fintalk Assets was $7.0 million payable with $1.0 million in cash and shares of the Company’s common stock with a fair market value of $6.0 million. The Company paid $1.0 million in October 2018 and recorded this amount in prepaid expenses as of December 31, 2018 because the transaction had not closed. The purchase price was later amended to $6.4 million, payable with $1.0 million in cash and shares of the Company’s common stock with a value of $5.4 million. The Company issued 2.9 million common shares in June 2019 and completed the transaction. In the fourth quarter of 2019, management determined these assets had no future use and recorded an impairment loss of $5.7 million. c) During the third quarter of 2018, the Company completed the acquisition of 65.7% share of Grapevine. Refer to Note 6(b) and 6(d). d) During the third quarter of 2019, the Company completed the acquisition of additional shares in DBOT, which increased its ownership to 90.0 %. Intangible assets of $8.3 million were recognized on the date of acquisition. Refer to Note 6(c) e) During the fourth quarter of 2019, the Company completed the acquisition of a 51.0% interest in Tree Technologies, a Malaysian company engaged in the EV market. Refer to Note 6(a) for additional information. f) The Company recorded an impairment loss for the YOD website in the amount of $0.1 million in the year ended December 31, 2018 since the website was no longer in use. g) During the first quarter of 2019, the Company completed the sale of certain intangible assets to GTD, and entered into a service agreement with GTD, a minority shareholder, in exchange for GTB. As a result of these transactions, the Company received 8.3 million GTB. On October 29, 2019, GTB had an unexpected significant decline in quoted price, from $17.00 to $1.84. This decline continued through the fourth quarter of 2019, and on December 31, 2019 the quoted price was $0.23. As a result of this decline in quoted price, and its inability to convert GTB into other digital currencies which were more liquid, or fiat currency, the Company performed an impairment analysis in the fourth quarter of 2019 and recorded an impairment loss of $61.1 million. Refer to Note 15(b) for additional information.
Schedule of amortization expense	: Amortization to be Years ending December 31, recognized 2020 $ 4,316,830 2021 4,261,274 2022 4,140,358 2023 4,130,553 2024 and thereafter 35,868,410 Total $ 52,717,425

Long-term Investments (Tables)

Long-term Investments (Tables)	12 Months Ended
	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Schedule of long-term investments	December 31, December 31, 2019 2018 Non-marketable equity investment $ 5,967,911 $ 9,452,103 Equity method investment 16,653,586 16,956,506 Total $ 22,621,497 $ 26,408,609
Schedule of long term investment under equity method	: December 31, 2019 Income (loss) Reclassification Impairment Foreign currency January 1, 2019 Addition on investment to subsidiaries losses Disposal translation adjustments December 31, 2019 Wecast Internet (a) $ 4,114 $ — $ 4 $ — $ (6,048) $ — $ 1,930 $ — Hua Cheng (b) 308,666 — (33,189) — — (245,138) (30,339) — BDCG (c) 9,800,000 — — — — — — 9,800,000 DBOT (d) 6,843,726 — (3,719,735) (3,123,991) — — — — Glory (e) — 19,991,600 (76,170) — (13,061,844) — — 6,853,586 Total $ 16,956,506 $ 19,991,600 $ (3,829,090) $ (3,123,991) $ (13,067,892) $ (245,138) $ (28,409) $ 16,653,586 December 31, 2018 Loss on Impairment Foreign currency January 1, 2018 Addition investment loss translation adjustments December 31, 2018 Wecast Internet (a) $ 6,044 $ — $ (1,935) $ — $ 5 $ 4,114 Hua Cheng (b) 353,498 — (46,070) — 1,238 308,666 BDCG (c) — 9,800,000 — — — 9,800,000 DBOT (d) — 6,976,346 (132,620) — — 6,843,726 Total $ 359,542 $ 16,776,346 $ (180,625) $ — $ 1,243 $ 16,956,506
Glory
Schedule of Equity Method Investments [Line Items]
Schedule Of Income Statement Information Table Text Block	December 31, 2019 Revenue $ 33,352 Gross profit 10,020 Net loss from operations (596,671) Net loss (585,981) Net loss attributable to Glory (323,673)

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2019
Leases
Schedule of Lease Expense Components, Supplemental Cash Flow Information and Other Information	The following table summarizes the components of lease expense: Year Ended December 31, 2019 Operating lease cost $ 1,707,893 Short-term lease cost 316,905 Sublease income (42,420) Total $ 1,982,378 The following table summarizes supplemental information related to leases: Year Ended December 31, 2019 Cash paid for amounts included in the measurement of lease liabilities: $ Operating cash flows from operating leases 1,406,611 Right-of-use assets obtained in exchange for new operating lease liabilities 935,242
Schedule of maturity of operating lease liability	The following table summarizes the maturity of operating lease liabilities Leased Property Years ending December 31 Costs 2020 $ 1,512,025 2021 1,434,657 2022 1,422,965 2023 1,474,391 2024 1,503,859 2025 and Thereafter 1,873,794 Total lease payment 9,221,691 Less: Interest (1,886,538) Total $ 7,335,153

Promissory Notes (Tables)

Promissory Notes (Tables)	12 Months Ended
	Dec. 31, 2019
Promissory Notes
Schedule of of outstanding convertible notes	December 31, December 31, 2019 2018 Interest rate Principal Amount Carrying Amount* Principal Amount Carrying Amount* Maturity Date Convertible Note‐Mr. McMahon(Note 15 (a)) 4 % $ 3,000,000 $ 3,260,055 $ 3,000,000 3,140,055 December 31, 2020 Convertible Note‐SSSIG (Note 15 (a)) 4 % 1,252,300 1,300,657 1,000,000 1,000,000 February 8, 2020, in process of renewal Convertible Note‐SSSIG (Note 15 (a)) 4 % 250,000 250,000 — — November 25, 2020 Convertible Note‐Advantech (a) 8 % 12,000,000 3,192,896 12,000,000 11,313,770 June 28, 2021 Senior Secured Convertible Note (b) 10 % 850,000 347,763 — — August 22, 2020 Senior Secured Convertible Note (c) 10 % 3,580,000 1,895,958 — — March 27, 2021 Senior Secured Convertible Note (d) 4 % 3,000,000 1,405,027 — — December 2020 Promissory Note (e) 6 % 3,000,000 3,000,000 — — November 2020 Total 26,932,300 14,652,356 16,000,000 15,453,825 Less: Current portion 8,012,845 4,140,055 Long‐term Note, less current portion $ $ 6,639,511 $ $ 11,313,770
Summary of Future maturities of long-term debt	Principal Interest 2020 $ 9,850,000 $ 12,211,919 2021 17,082,300 4,302,643 2022 — — 2023 — — 2024 — — Thereafter — — $ 26,932,300 $ 16,514,562

Share-Based Payments (Tables)

Share-Based Payments (Tables)	12 Months Ended
	Dec. 31, 2019
Share-Based Payments
Schedule of stock option activity	Weighted Weighted Average Average Remaining Aggregated Options Exercise Contractual Intrinsic Outstanding Price Life (Years) Value Outstanding at January 1, 2019 1,706,431 $ 3.28 4.08 $ — Granted 14,325,000 1.98 9.15 — Exercised 0 0 — Expired (83,333) 1.98 — Forfeited (1,011,372) 1.98 — Outstanding at December 31, 2019 14,936,726 2.13 8.48 — Vested and expected to be vested as of December 31, 2019 14,936,726 2.13 8.48 — Options exercisable at December 31, 2019 (vested) 7,163,814 2.29 7.75 —
Schedule of assumptions used to estimate the fair values of the share options	December 31, 2019 Expected term 5.52 years Expected volatility 98 % Expected dividend yield 0 % Risk free interest rate 2.51 %
Schedule of warrants outstanding and exercisable	2019 2018 Number of Number of Warrants Warrants Outstanding and Outstanding and Exercise Expiration Warrants Outstanding Exercisable Exercisable Price Date 2014 Broker Warrants (Series E Financing) — 60,000 $ 1.75 01/31/2019 2018 IDV (Senior secured convertible note) 1,671,196 — 1.00 2/22/2026 2019 IDV (Senior secured convertible note) 4,658,043 — 1.00 9/27/2026 2019 YA II PN, Ltd. (Senior secured convertible debenture) 1,666,667 — 1.50 12/13/2024 2019 YA II PN, Ltd. (Senior secured convertible debenture) 1,000,000 — 1.00 12/13/2020 8,995,906 60,000
Schedule of summary of restricted shares	Weighted-average Shares fair value Non-vested restricted shares outstanding at January 1, 2019 87,586 $ 2.46 Granted 220,163 1.24 Forfeited (3,500) 2.60 Vested (249,163) 1.40 Non-vested restricted shares outstanding at December 31, 2019 55,086 2.38

Loss Per Common Share (Tables)

Loss Per Common Share (Tables)	12 Months Ended
	Dec. 31, 2019
Loss Per Common Share
Schedule of basic and diluted earnings (loss) per common share	2019 2018 Net loss attributable to IDEX common stockholders $ (98,507,524) $ (27,426,356) Basic Basic weighted average common shares outstanding 119,766,859 78,386,116 Diluted Diluted weighted average common shares outstanding 119,766,859 78,386,116 Net loss per share: Basic $ (0.82) $ (0.35) Diluted $ (0.82) $ (0.35)
Schedule of number of securities convertible into common shares	December 31, December 31, 2019 2018 Warrants 8,995,906 60,000 Options 14,936,726 1,706,431 Series A Preferred Stock 933,333 933,333 DBOT Contingent Shares 8,501,313 Convertible promissory note and interest 21,678,482 10,407,233 Total 55,045,760 13,106,997

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2019
Income Taxes
Schedule of components of loss before tax and provision for income tax benefit	2019 2018 Loss before tax United States $ (88,688,205) $ (13,139,622) PRC/Hong Kong/Singapore (7,722,717) (15,323,706) $ (96,410,922) $ (28,463,328) Deferred tax benefit of net operating loss United States $ — $ — PRC/Hong Kong/Singapore (176,107) — $ (176,107) $ — Deferred tax expense (benefit) other than benefit of net operating loss United States $ (513,935) $ (40,244) PRC/Hong Kong — — Total deferred income tax expense (benefit) $ (513,935) $ (40,244) Current tax expense (benefit) other than benefit of net operating loss United States $ — $ — PRC/Hong Kong $ 931,388 $ — Total current tax expense (benefit) $ 931,388 $ — Total income tax expense (benefit) $ 417,453 $ (40,244)
Schedule of reconciliation of expected income tax	2019 2018 U. S. statutory income tax rate 21 % 21 % Non-deductible expenses: Non-deductible stock awards (1.9) % (1.2) % Non-deductible loss on contingent consideration (1.1) % % Others (0.3) % (0.9) % Non-deductible interest expenses (1.2) % (0.6) % Increase in valuation allowance (16.4) % (18.4) % Tax rate differential (0.5) % 0.1 % Effective income tax rate (0.4) % %
Schedule of components of deferred tax assets and liabilities	2019 2018 U.S. NOL $ 17,470,708 $ 7,977,213 Foreign NOL 6,846,645 6,406,052 U.S. capital loss carryover 4,376,715 — Accrued payroll and expense 171,580 131,867 Nonqualified options 772,365 780,800 Convertible notes 751,625 — Impaired assets 1,436,065 — Others 114,819 171,819 Total deferred tax assets 31,940,522 $ 15,467,751 Less: valuation allowance (30,274,655) $ (15,467,751) Property and equipment (36,368) — Intangible assets (1,629,499) — Total deferred tax liabilities (1,665,867) — Net deferred tax assets $ — —

Concentration, Credit and Oth_2

Concentration, Credit and Other Risks (Tables)	12 Months Ended
	Dec. 31, 2019
Concentration, Credit and Other Risks
Schedule of cash and time deposits	December 31, 2019 2018 RMB denominated bank deposits with financial institutions in the PRC $ 135,899 $ 1,523,622 US dollar denominated bank deposits with financial institutions in the PRC 24,459 133,053 HKD denominated bank deposits with financial institutions in Hong Kong Special Administrative Region (“HK SAR”) 7 13,133 US dollar denominated bank deposits with financial institutions in HK SAR 51,240 44,182 US dollar denominated bank deposits with financial institutions in Singapore 570,373 697,099 US dollar denominated bank deposits with financial institutions in the United States of America (“USA”) 1,804,124 695,155 Ringgit denominated bank deposits with financial institutions in Malaysia 229 — SGD denominated bank deposits with financial institutions in Singapore 45,635 — Total $ 2,631,966 $ 3,106,244

Geographic Areas (Tables)

Geographic Areas (Tables)	12 Months Ended
	Dec. 31, 2019
Geographic Areas
Schedule of summarizes geographic information	December 31, 2019 December 31, 2018 United States $ 64,360,287 $ 42,220,799 Malaysia 51,733,413 — British Virgin Islands 3,000,000 3,000,000 Other 510,741 3,942,270 Total $ 119,604,441 $ 49,163,069

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2019
Fair Value Measurements
Schedule of financial instruments measured at fair value on a recurring basis	December 31, 2019 Level I Level II Level III Total Acquisition earn-out liability 1 — — 7,311,129 7,311,129
Summary of significant inputs and assumptions used	December 31, 2019 Risk-free interest rate 1.6 % Expected volatility 30 % Expected term 0.25 year Expected dividend yield 0 %
Summary of reconciliation of level 3 fair value measurements	Acquisition Earn-out Liability January 1, 2019 $ — Addition (2,217,034) Remeasurement (loss)/gain recognized in the income statement (5,094,095) December 31, 2019 $ (7,311,129)

Organization and Principal Ac_2

Organization and Principal Activities - Additinal Information (Details)	12 Months Ended
	Dec. 31, 2019segment
Organization And Principal Activities [Abstract]
Number of operating segments	2

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Additinal Information (Details) - USD ($)	Dec. 22, 2017	Dec. 21, 2017	Dec. 31, 2019	Dec. 31, 2018		Oct. 29, 2019	Jan. 01, 2019
Summary Of Significant Accounting Policies [Line Items]
Impairment loss recognized from intangible assets			$ 0
Impairment of assets			73,668,525	$ 134,290	[1]
Impaired buildings costs			2,300,000
Impaired related asset retirement costs			1,500,000
Impairment loss of intangible assets			5,700,000	0
Digital currency transaction amount received			$ 61,100,000
Share Price			$ 0.23
Recorded impairment losses			$ 3,000,000	0
Impairment of equity method investments			13,067,892	0
Advertising and marketing costs			$ 24,394	$ 200,000
U. S. statutory income tax rate	34.00%	34.00%	21.00%	21.00%
Operating right of use assets			$ 6,933,582	$ 0	[2]
Lease liabilities			7,335,153
Digital Currency
Summary Of Significant Accounting Policies [Line Items]
Impairment loss of intangible assets			61,100,000
Digital currency transaction amount received			$ 8,300,000
ASU 2016-02
Summary Of Significant Accounting Policies [Line Items]
Operating right of use assets							$ 3,600,000
Lease liabilities							$ 3,700,000
Minimum [Member] | Digital Currency
Summary Of Significant Accounting Policies [Line Items]
Share Price						$ 17
Maximum [Member] | Digital Currency
Summary Of Significant Accounting Policies [Line Items]
Share Price						$ 1.84
Furnitures and office equipment
Summary Of Significant Accounting Policies [Line Items]
Property and Equipment estimated useful life			P5Y
Electronic equipment
Summary Of Significant Accounting Policies [Line Items]
Property and Equipment estimated useful life			P3Y
Vehicle | Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Property and Equipment estimated useful life			P5Y
[1]	The above consolidated statements of operations include Guang Ming. The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)
[2]	The above consolidated balance sheets include Shanghai Guang Ming Investment Management Limited (“Guang Ming”). The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)

Going Concern and Management'_2

Going Concern and Management's Plans (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018		Dec. 31, 2017	[1]
Going Concern And Managements Plans [Line Items]
Cash and cash equivalents	$ 2,632,886	$ 3,106,244	[1]	$ 7,577,317
Accumulated deficit	(248,482,826)	(149,975,302)	[2]
Principal amount	$ 26,932,300	$ 16,000,000
[1]	The above consolidated statements of cash flows include Guang Ming. The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)
[2]	The above consolidated balance sheets include Shanghai Guang Ming Investment Management Limited (“Guang Ming”). The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)

Revenue (Details)

Revenue (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Disaggregation of Revenue [Line Items]
Total	$ 44,566,955	$ 377,742,872	[1]
Geographic Markets
Disaggregation of Revenue [Line Items]
Total	44,566,955	377,742,872
Geographic Markets | Singapore
Disaggregation of Revenue [Line Items]
Total	0	260,034,401
Geographic Markets | USA
Disaggregation of Revenue [Line Items]
Total	41,873,064	638,412
Geographic Markets | Hong Kong
Disaggregation of Revenue [Line Items]
Total	0	117,070,059
Geographic Markets | PRC
Disaggregation of Revenue [Line Items]
Total	2,693,891	0
Segments
Disaggregation of Revenue [Line Items]
Total	44,566,955	377,742,872
Segments | Crude oil [Member]
Disaggregation of Revenue [Line Items]
Total	0	260,034,401
Segments | Consumer electronics [Member]
Disaggregation of Revenue [Line Items]
Total	0	116,723,251
Segments | Digital asset management services [Member]
Disaggregation of Revenue [Line Items]
Total	40,700,000	0
Segments | Electric Vehicles [Member]
Disaggregation of Revenue [Line Items]
Total	2,693,891	0
Segments | Other [Member]
Disaggregation of Revenue [Line Items]
Total	1,173,064	985,220
Timing of Revenue Recognition [Member]
Disaggregation of Revenue [Line Items]
Total	44,566,955	377,742,872
Timing of Revenue Recognition [Member] | Products and services transferred at a point in time [Member]
Disaggregation of Revenue [Line Items]
Total	3,866,955	377,742,872
Timing of Revenue Recognition [Member] | Services provided over time [Member]
Disaggregation of Revenue [Line Items]
Total	$ 40,700,000	$ 0
[1]	The above consolidated statements of operations include Guang Ming. The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)

VIE Structure and Arrangements

VIE Structure and Arrangements (Details) ¥ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)entity	Dec. 31, 2018USD ($)	[1]	Dec. 31, 2019CNY (¥)	Dec. 31, 2019USD ($)	Dec. 31, 2018CNY (¥)	Dec. 31, 2018USD ($)	Apr. 05, 2016CNY (¥)
VIE Structure and Arrangements
Total income tax expense (benefit)	$ 417,453	$ (40,244)
Number of variable interest entity | entity	2
Loss on extinguishment of debt	$ (3,940,196)	$ 0
Contractual Agreements | SSF | Subsidiaries [Member]
VIE Structure and Arrangements
Registered capital				¥ 27.6	$ 4,200,000
Loan Agreement
VIE Structure and Arrangements
Loss on extinguishment of debt	$ 5,100,000
Loan Agreement | Subsidiaries [Member]
VIE Structure and Arrangements
Loan payable | ¥								¥ 19.8
Loan Agreement | Nominee Shareholders
VIE Structure and Arrangements
Loan payable | ¥								¥ 0.2
VIE
VIE Structure and Arrangements
Assets that settle obligations of VIEs							$ 3,500,000
VIE | PRC | Subsidiaries [Member] | Minimum [Member]
VIE Structure and Arrangements
Percentages of service fees	20.00%
VIE | PRC | Subsidiaries [Member] | Maximum [Member]
VIE Structure and Arrangements
Percentages of service fees	30.00%
VIE | Contractual Agreements | YOD Hong Kong
VIE Structure and Arrangements
Registered capital						¥ 38.2	$ 5,800,000
[1]	The above consolidated statements of operations include Guang Ming. The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)

Acquisitions and Divestitures -

Acquisitions and Divestitures - Acquisition of Tree Technologies Sdn. Bhd. (Details)	Dec. 26, 2019USD ($)a$ / sharesshares	Dec. 31, 2019USD ($)$ / shares	Dec. 31, 2018USD ($)		Sep. 04, 2018USD ($)
Acquisitions and Divestitures
Share Price | $ / shares		$ 0.23
Intangible assets		$ 52,717,425	$ 2,983,138
Fair value of assets acquired and liabilities
Cash					$ 508,000
Goodwill		$ 23,344,299	$ 704,884	[1]
Tree Technologies
Acquisitions and Divestitures
Percentage of voting equity interests acquired	51.00%
Cash paid to acquire entity	$ 900,000
Number of common stock issued | shares	9,500,000
Maximum earnout over three years	$ 32,000,000
Preliminary fair value of earnout estimated	$ 17,300,000
Share Price | $ / shares	$ 0.82
Percentage of weighted average cost of capital	30.00%
Number Of Acres Acquired | a	250
Fair value of assets acquired and liabilities
Cash	$ 229
Land use rights	27,078,944
Accounts payable	(743,250)
Noncontrolling interest	(24,985,292)
Goodwill	13,316,226
Marketing and distribution agreement	11,332,473
Fair value of assets acquired and liabilities assumed	$ 25,999,330
[1]	The above consolidated balance sheets include Shanghai Guang Ming Investment Management Limited (“Guang Ming”). The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)

Acquisitions and Divestitures_2

Acquisitions and Divestitures - Acquisition of Grapevine Logic, Inc (Details) $ / shares in Units, shares in Millions, $ in Millions	1 Months Ended
	Jun. 30, 2019USD ($)shares	May 31, 2019item$ / shares	Jul. 01, 2019	Sep. 04, 2018
Grapevine Logic, Inc. ("Grapevine")
Acquisitions and Divestitures
Noncontrolling Interest, Ownership Percentage by Parent			100.00%
Grapevine Logic, Inc. ("Grapevine")
Acquisitions and Divestitures
Number Of Amendments | item		2
Shares Issued, Price Per Share | $ / shares		$ 1.84
Number of common stock issued | shares	0.6
Percentage of ownership interest acquired	34.30%			65.70%
Non Controlling Interest Carrying Amount	$ 0.5
Change In Additional Paid In Capital	$ 1.1

Acquisitions and Divestitures_3

Acquisitions and Divestitures - Delaware Board of Trade Holdings, Inc. (Details) $ / shares in Units, shares in Millions	1 Months Ended		6 Months Ended	12 Months Ended
	Jul. 31, 2019USD ($)$ / sharesshares	Apr. 30, 2019$ / sharesshares	Dec. 31, 2019USD ($)	Dec. 31, 2019USD ($)company	Dec. 31, 2018USD ($)		Sep. 04, 2018USD ($)
Supplemental information on an unaudited pro forma basis
Revenue				$ 44,566,955	$ 377,742,872	[1]
Net income (loss) attributable to IDEX common stockholders				(98,507,524)	(27,426,356)	[1]
Acquisition-date fair value of assets acquired and liabilities assumed
Cash							$ 508,000
Other financial assets							388,000
Financial liabilities							(747,000)
Noncontrolling interest							679,000
Goodwill							705,000
Net assets assumed							$ 2,485,000
DBOT
Acquisitions and Divestitures
Shares in DBOT | shares	2.2	6.9
Number of common stock issued | shares	1.4	4.4
Shares issued, price per share (in dollars per share) | $ / shares	$ 2.11	$ 2.11
Percentage of voting equity interests acquired	99.00%
Maximum Stock Price Consideration For Additional Shares | $ / shares	$ 2.11
Liability at Fair value	$ 2,200,000
Liability Remeasured			$ 7,300,000	7,300,000
Loss on Remeasurement				$ 5,100,000
Investment fair value	3,100,000
Loss on investment	$ 3,200,000
Number Of Companies Operated By DBOT | company				3
Useful Life	20 years
Supplemental information on an unaudited pro forma basis
Revenue			15,838	$ 44,675,864	378,242,165
Net income (loss) attributable to IDEX common stockholders			1,900,000	(99,417,257)	$ (30,164,664)
Acquisition-date fair value of assets acquired and liabilities assumed
Cash			246,929	246,929
Other financial assets			1,686,464	1,686,464
Financial liabilities			(4,411,140)	(4,411,140)
Noncontrolling interest			(104,649)	(104,649)
Goodwill			(9,323,189)	(9,323,189)
Net assets assumed			15,055,063	15,055,063
DBOT | Continuing Membership Agreements [Member]
Acquisition-date fair value of assets acquired and liabilities assumed
Intangible asset			8,255,440	8,255,440
DBOT | Customer List [Member]
Acquisitions and Divestitures
Useful Life	3 years
Acquisition-date fair value of assets acquired and liabilities assumed
Intangible asset			$ 58,830	$ 58,830
[1]	The above consolidated statements of operations include Guang Ming. The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)

Acquisitions and Divestitures_4

Acquisitions and Divestitures - 2018 Acquisitions (Details) - USD ($) shares in Millions	Sep. 04, 2018	Jun. 30, 2019	Apr. 24, 2018	Dec. 31, 2019
Business Acquisition [Line Items]
Intangible assets acquired	$ 110,000
Net assets assumed	$ 2,485,000
Grapevine Logic, Inc. ("Grapevine")
Business Acquisition [Line Items]
Percentage of ownership interest acquired	65.70%	34.30%
Cash paid to acquire entity	$ 2,400,000
Number of common stock issued		0.6
Grapevine Logic, Inc. ("Grapevine") | Bruno Wu ("Mr.Wu")
Business Acquisition [Line Items]
Percentage of non voting stock by equity holder	34.40%
Grapevine Logic, Inc. ("Grapevine") | Influence network
Business Acquisition [Line Items]
Weighted-average useful life				10 years
Grapevine Logic, Inc. ("Grapevine") | Customer contracts
Business Acquisition [Line Items]
Weighted-average useful life				3 years
Grapevine Logic, Inc. ("Grapevine") | Trade name
Business Acquisition [Line Items]
Weighted-average useful life				15 years
Grapevine Logic, Inc. ("Grapevine") | Technology platform
Business Acquisition [Line Items]
Weighted-average useful life				7 years
Shanghai Guang Ming Investment Management ("Guang Ming") [Member]
Business Acquisition [Line Items]
Percentage of ownership interest acquired			100.00%
Total purchase price paid			$ 400,000

Acquisitions and Divestitures_5

Acquisitions and Divestitures (Details)	Sep. 04, 2018USD ($)
Acquisitions and Divestitures
Cash	$ 508,000
Other financial assets	388,000
Financial liabilities	(747,000)
Noncontrolling interest	(679,000)
Goodwill	705,000
Influencer network	1,980,000
Customer contract	500,000
Trade name	110,000
Technology platform	290,000
Deferred tax liabilities	(570,000)
Net assets assumed	$ 2,485,000

Acquisitions and Divestitures_6

Acquisitions and Divestitures - 2019 Divestitures (Details) - USD ($)	Jun. 30, 2019	Jun. 29, 2019	May 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Revenue				$ 44,566,955	$ 377,742,872	[1]
Net loss from operations				(68,572,684)	(26,195,054)	[1]
Net loss				(96,828,375)	(28,423,084)	[1],[2]
Net income (loss) attributable to IDEX common stockholders				$ (98,507,524)	(27,426,356)	[1]
Red Rock business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Consideratio for sale of subsidiary			$ 700,000
Gain on disposal of subsidiary			$ 600,000
Amer Global Technology Limited [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Gain on disposal of subsidiary	$ 500,000
Percentage of equity ownership	10.00%
Percentage of potential tax obligation	20.00%	55.00%
Gain for ownership interest retained	$ 100,000
Bad debt expense	$ 600,000
Revenue					261,026,833
Net loss from operations					(25,031,090)
Net loss					(27,243,059)
Net income (loss) attributable to IDEX common stockholders					$ (26,246,331)
BCC | Amer Global Technology Limited [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of shares issued	39,500
Gain for ownership interest retained	$ 71.8
MHT | Amer Global Technology Limited [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Percentage of equity ownership	10.00%
Number of shares issued	5,500
[1]	The above consolidated statements of operations include Guang Ming. The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)
[2]	The above consolidated statements of cash flows include Guang Ming. The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)

Acquisitions and Divestitures_7

Acquisitions and Divestitures - 2018 Divestitures (Details) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended
	Dec. 31, 2018	Dec. 31, 2019
Business Acquisition [Line Items]
Common stock, price per share		$ 0.23
Wide Angle Group Limited
Business Acquisition [Line Items]
Percentage of equity ownership	55.00%
Consideration to be received	$ 0.3
Transaction loss on divestitures	$ 1.2

Accounts Receivable - Mobile En

Accounts Receivable - Mobile Energy Group (formerly Wecast Services) business (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Accounts Receivable
Accounts receivable, gross	$ 2,404,972	$ 19,370,665
Less: allowance for doubtful accounts	(103)
Accounts receivable, net	$ 2,404,869	$ 19,370,665	[1]
[1]	The above consolidated balance sheets include Shanghai Guang Ming Investment Management Limited (“Guang Ming”). The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)

Accounts Receivable - aging of

Accounts Receivable - aging of the accounts receivable (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance at the beginning of the year		$ (3,646)
Accounts Receivable, Net, Current	$ 2,404,869	19,370,665	[1]
Disposal of Zhong Hai Shi Xun		(3,646)
Acquisition of DBOT	(103)
Allowance for Doubtful Accounts Receivable	$ 103	$ 3,646
[1]	The above consolidated balance sheets include Shanghai Guang Ming Investment Management Limited (“Guang Ming”). The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)

Property and Equipment, net (De

Property and Equipment, net (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Property and Equipment net
Total property and equipment	$ 745,962	$ 620,634
Less: accumulated depreciation	(367,509)	(186,514)
Property and equipment, net	12,939,480	15,029,427	[1]
Furnitures and office equipment
Property and Equipment net
Total property and equipment	441,283	357,064
Vehicle
Property and Equipment net
Total property and equipment	62,052	63,135
Leasehold improvements
Property and Equipment net
Total property and equipment	242,627	200,435
Land use right
Property and Equipment net
Property and equipment, net	3,042,777	3,042,777
Building
Property and Equipment net
Property and equipment, net	308,779	2,607,666
Assets Retirement Obligations - Environmental Remediation
Property and Equipment net
Property and equipment, net	6,496,115	8,000,000
Capitalized direct development cost
Property and Equipment net
Property and equipment, net	2,713,356	944,864
Construction in progress (Fintech Village)
Property and Equipment net
Property and equipment, net	$ 12,561,026	$ 14,595,307
[1]	The above consolidated balance sheets include Shanghai Guang Ming Investment Management Limited (“Guang Ming”). The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)

Property and Equipment net - As

Property and Equipment net - Asset retirement obligation (Details)	12 Months Ended
	Dec. 31, 2019USD ($)
Property and Equipment, net
Asset Retirement Obligation, Beginning Balance	$ 8,000,000
Redediation performed	2,905,800
Asset Retirement Obligation, Ending Balance	$ 5,094,200

Property and Equipment net - Ad

Property and Equipment net - Additional Information (Details) - USD ($)	Oct. 10, 2018	Dec. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Depreciation expense		$ 100,000	$ 100,000
Capitalized cost related to the legal and architect costs		2,700,000	900,000
Asset Retirement Obligations		5,094,200	8,000,000	[1]
Building
Property, Plant and Equipment [Line Items]
Asset Retirement Obligations		1,500,000
Asset Impairment Charges, Total		$ 2,300,000
Assistance Agreement
Property, Plant and Equipment [Line Items]
Total purchase price in asset acquisition	$ 10,000,000
Maximum percentage of project cost as aggregate principal of funding	50.00%
Forgiveness of promissory note after meet conditions	$ 10,000,000
University of Connecticut
Property, Plant and Equipment [Line Items]
Purchase price	$ 5,200,000
Cash collateral expense			$ 3,600,000
[1]	The above consolidated balance sheets include Shanghai Guang Ming Investment Management Limited (“Guang Ming”). The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets (Details) - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Goodwill [Roll Forward]
Balance	[1]	$ 704,884
Acquisitions		22,639,415	$ 704,884
Balance		$ 23,344,299	$ 704,884	[1]
[1]	The above consolidated balance sheets include Shanghai Guang Ming Investment Management Limited (“Guang Ming”). The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Amortizing and Indefinite lived intangible assets (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Amortizing Intangible Assets
Gross Carry Amount	$ 60,707,995	$ 3,278,803
Accumulated Amortization	(2,275,570)	(295,665)
Impairment Loss	(5,715,000)	0
Total amortization to be recognized	52,717,425	2,983,138
Total intangible assets
Gross Carry Amount	122,019,906	3,466,307
Accumulated Amortization	(2,275,570)	(295,665)
Impairment Loss	(66,973,697)	(134,290)
Net Balance	52,770,639	3,036,352	[1]
Animation Copyright
Amortizing Intangible Assets
Gross Carry Amount	0	301,495
Accumulated Amortization	0	(64,606)
Impairment Loss	0	0
Total amortization to be recognized	0	236,889
Software and licenses
Amortizing Intangible Assets
Gross Carry Amount	97,308	97,308
Accumulated Amortization	(97,308)	(93,251)
Impairment Loss	0	0
Total amortization to be recognized	$ 0	4,057
SolidOpinion Ip
Amortizing Intangible Assets
Weighted Average Remaining Useful Life (in years)	4 years 2 months 12 days
Gross Carry Amount	$ 4,655,000	0
Accumulated Amortization	(775,833)	0
Impairment Loss	0	0
Total amortization to be recognized	3,879,167	0
Fintalk Intangible Assets [Member]
Amortizing Intangible Assets
Gross Carry Amount	6,350,000	0
Accumulated Amortization	(635,000)	0
Impairment Loss	(5,715,000)	0
Total amortization to be recognized	$ 0	0
Influencer network
Amortizing Intangible Assets
Weighted Average Remaining Useful Life (in years)	8 years 8 months 12 days
Gross Carry Amount	$ 1,980,000	1,980,000
Accumulated Amortization	(264,000)	(66,000)
Impairment Loss	0	0
Total amortization to be recognized	$ 1,716,000	1,914,000
Customer contract
Amortizing Intangible Assets
Weighted Average Remaining Useful Life (in years)	1 year 8 months 12 days
Gross Carry Amount	$ 500,000	500,000
Accumulated Amortization	(222,222)	(55,556)
Impairment Loss	0	0
Total amortization to be recognized	$ 277,778	444,444
Continuing Membership Agreements [Member]
Amortizing Intangible Assets
Weighted Average Remaining Useful Life (in years)	19 years 6 months
Gross Carry Amount	$ 8,255,440	0
Accumulated Amortization	(206,386)	0
Impairment Loss	0	0
Total amortization to be recognized	$ 8,049,054	0
Customer Lists [Member]
Amortizing Intangible Assets
Weighted Average Remaining Useful Life (in years)	2 years 6 months
Gross Carry Amount	$ 58,830	0
Accumulated Amortization	(9,805)	0
Impairment Loss	0	0
Total amortization to be recognized	$ 49,025	0
Trade name
Amortizing Intangible Assets
Weighted Average Remaining Useful Life (in years)	13 years 8 months 12 days
Gross Carry Amount	$ 110,000	110,000
Accumulated Amortization	(9,778)	(2,444)
Impairment Loss	0	0
Total amortization to be recognized	$ 100,222	107,556
Technology platform
Amortizing Intangible Assets
Weighted Average Remaining Useful Life (in years)	5 years 8 months 12 days
Gross Carry Amount	$ 290,000	290,000
Accumulated Amortization	(55,238)	(13,808)
Impairment Loss	0	0
Total amortization to be recognized	$ 234,762	276,192
Land use right
Amortizing Intangible Assets
Weighted Average Remaining Useful Life (in years)	99 years
Gross Carry Amount	$ 27,078,944	0
Accumulated Amortization	0	0
Impairment Loss	0	0
Total amortization to be recognized	$ 27,078,944	0
Marketing and Distribution Agreement [Member]
Amortizing Intangible Assets
Weighted Average Remaining Useful Life (in years)	5 years
Gross Carry Amount	$ 11,332,473	0
Accumulated Amortization	0	0
Impairment Loss	0	0
Total amortization to be recognized	11,332,473	0
Website name
Indefinite lived intangible assets
Gross Carry Amount	159,504	159,504
Accumulated Amortization	0	0
Impairment Loss	(134,290)	(134,290)
Net Balance	25,214	25,214
Patent | Patent and trademark
Indefinite lived intangible assets
Gross Carry Amount	28,000	28,000
Accumulated Amortization	0	0
Impairment Loss	0	0
Net Balance	28,000	28,000
GTB Tokens | GTB Tokens
Amortizing Intangible Assets
Gross Carry Amount	61,124,407	0
Accumulated Amortization	0	0
Impairment Loss	(61,124,407)	0
Total amortization to be recognized	$ 0	$ 0
[1]	The above consolidated balance sheets include Shanghai Guang Ming Investment Management Limited (“Guang Ming”). The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Expected amortization expenses (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Goodwill and Intangible Assets
2020	$ 4,316,830
2021	4,261,274
2022	4,140,358
2023	4,130,553
2024 and thereafter	35,868,410
Total amortization to be recognized	$ 52,717,425	$ 2,983,138

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Additional Information (Details) - USD ($) $ / shares in Units, shares in Millions

Feb. 19, 2020

Dec. 26, 2019

Oct. 29, 2019

Oct. 28, 2019

Jun. 01, 2019

Sep. 04, 2018

Oct. 31, 2018

Sep. 30, 2018

Dec. 31, 2019

Sep. 30, 2019

Mar. 31, 2019

Dec. 31, 2019

Dec. 31, 2018

Business Acquisition [Line Items]

Amortization expense relating to intangible assets

$ 66,800,000

$ 100,000

Number of shares exchange

15.9

Impairment loss

$ 5,700,000

0

Amortization of Intangible Assets

66,800,000

100,000

Amortization expense relating to purchased intangible assets

$ 2,100,000

200,000

DBOT

Business Acquisition [Line Items]

Equity Method Investment, Ownership Percentage

90.00%

Finite-lived Intangible Assets Acquired

$ 8,300,000

SolidOpinion, Inc ("SolidOpinion")

Business Acquisition [Line Items]

Total purchase price paid

$ 7,200,000

Cash paid to acquire entity

$ 2,500,000

Number of shares exchange

0.5

4.5

Fintalk

Business Acquisition [Line Items]

Total purchase price paid

$ 6,400,000

$ 7,000,000

Cash paid to acquire entity

1,000,000

1,000,000

Number of shares exchange

2.9

Value of capital stock issued

$ 5,400,000

$ 6,000,000

Impairment loss

$ 5,700,000

Grapevine Logic, Inc. ("Grapevine")

Business Acquisition [Line Items]

Equity Method Investment, Ownership Percentage

65.70%

Cash paid to acquire entity

$ 2,400,000

Tree Technologies

Business Acquisition [Line Items]

Equity Method Investment, Ownership Percentage

51.00%

51.00%

Cash paid to acquire entity

$ 900,000

Website name

Business Acquisition [Line Items]

Amortization expense relating to intangible assets

100,000

Amortization of Intangible Assets

$ 100,000

GTB Tokens

Business Acquisition [Line Items]

Number of shares exchange

8.3

Impairment loss

$ 61,100,000

Quote price of GTB

$ 1.84

$ 17

$ 0.23

Long-term Investments (Details)

Long-term Investments (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018		Dec. 31, 2017
Long-term Investments
Non-marketable equity investment	$ 5,967,911	$ 9,452,103
Equity Method Investment	16,653,586	16,956,506		$ 359,542
Total	$ 22,621,497	$ 26,408,609	[1]
[1]	The above consolidated balance sheets include Shanghai Guang Ming Investment Management Limited (“Guang Ming”). The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)

Long-term Investments - Additio

Long-term Investments - Additional Information (Details)	1 Months Ended			12 Months Ended
	Jul. 31, 2019shares	Oct. 31, 2018shares	Apr. 24, 2018USD ($)$ / sharesshares	Dec. 31, 2019USD ($)item$ / sharesshares	Dec. 31, 2018USD ($)shares		Aug. 31, 2017	Oct. 31, 2016
Long-term Investments
Impairment of equity method investments				$ 13,067,892	$ 0
Number of shares exchange | shares				15,900,000
GTB quoted price | $ / shares				$ 0.23
Common Stock
Long-term Investments
Purchase of shares | shares					5,494,505
Number of shares exchange | shares					3,000,000
DBOT
Long-term Investments
Percentage of equity ownership	99.00%	36.90%
Common Stock issuance for acquisition SolidOpinion (Note 5(a)) (in shares) | shares	6,700,000	2.3
DBOT | Maximum [Member]
Long-term Investments
Percentage of equity ownership							4.00%
Seasail Ventures Limited [Member]
Long-term Investments
Percentage of equity ownership			40.00%
BDCG
Long-term Investments
Percentage of equity ownership			20.00%	60.00%
Number of unrelated party | item				2
Cash paid to acquire entity			$ 2,000,000
Value of capital stock issued			$ 7,800,000
Number of common stock issued | shares			3,000,000
Share price of capital stock issued | $ / shares			$ 2.60
Total purchase price paid			$ 9,800,000	$ 9,800,000	$ 9,800,000
Wecast Internet Limited ("Wecast Internet")
Long-term Investments
Percentage of equity ownership								50.00%
Impairment of equity method investments				$ 6,048	$ 0	[1]
Hua Cheng
Long-term Investments
Percentage of equity ownership				39.00%	39.00%
Impairment of equity method investments				$ 0	$ 0	[2]
[1]	Wecast InternetAs of December 31, 2019 and 2018, the Company has a 50.0% interest in Wecast Internet Limited (“Wecast Internet”). Wecast Internet is in the process of liquidation and the remaining carrying amount of $6,048 was impaired.
[2]	Hua Cheng Hu Dong (Beijing) Film and Television Communication Co., Ltd. (“Hua Cheng”)As of December 31, 2018, the Company held a 39.0% equity ownership in Hua Cheng, a company established to provide integrated value-added service solutions for the delivery of video on demand and enhanced content for cable providers.

Long-term Investments - Equity

Long-term Investments - Equity method investments (Details) - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Schedule Of Equity Method Investment [Roll Forward]
Beginning balance		$ 16,956,506	$ 359,542
Capital increase		19,991,600	16,776,346
Loss on investment		(3,829,090)	(180,625)
Reclassification to subsidiaries		(3,123,991)
Impairment loss		(13,067,892)	0
Disposal		(245,138)
Foreign currency translation adjustments		(28,409)	1,243
Ending balance		16,653,586	16,956,506
Wecast Internet Limited ("Wecast Internet")
Schedule Of Equity Method Investment [Roll Forward]
Beginning balance	[1]	4,114	6,044
Capital increase		0	0	[1]
Loss on investment		4	(1,935)	[1]
Reclassification to subsidiaries		0
Impairment loss		(6,048)	0	[1]
Foreign currency translation adjustments		1,930	5	[1]
Ending balance		0	4,114	[1]
Hua Cheng
Schedule Of Equity Method Investment [Roll Forward]
Beginning balance	[2]	308,666	353,498
Capital increase		0	0	[2]
Loss on investment		(33,189)	(46,070)	[2]
Reclassification to subsidiaries		0
Impairment loss		0	0	[2]
Disposal		(245,138)
Foreign currency translation adjustments		(30,339)	1,238	[2]
Ending balance		0	308,666	[2]
BDCG
Schedule Of Equity Method Investment [Roll Forward]
Beginning balance	[3]	9,800,000	0
Capital increase		0	9,800,000	[3]
Loss on investment		0	0	[3]
Reclassification to subsidiaries		0
Impairment loss		0	0	[3]
Foreign currency translation adjustments		0	0	[3]
Ending balance		9,800,000	9,800,000	[3]
DBOT
Schedule Of Equity Method Investment [Roll Forward]
Beginning balance	[4]	6,843,726	0
Capital increase		0	6,976,346	[4]
Loss on investment		(3,719,735)	(132,620)	[4]
Reclassification to subsidiaries		(3,123,991)
Impairment loss		0	0	[4]
Foreign currency translation adjustments		0	0	[4]
Ending balance		0	6,843,726	[4]
Glory
Schedule Of Equity Method Investment [Roll Forward]
Beginning balance		0
Capital increase		19,991,600
Loss on investment		(76,170)
Reclassification to subsidiaries		0
Impairment loss		(13,061,844)
Foreign currency translation adjustments		0
Ending balance		$ 6,853,586	$ 0
[1]	Wecast InternetAs of December 31, 2019 and 2018, the Company has a 50.0% interest in Wecast Internet Limited (“Wecast Internet”). Wecast Internet is in the process of liquidation and the remaining carrying amount of $6,048 was impaired.
[2]	Hua Cheng Hu Dong (Beijing) Film and Television Communication Co., Ltd. (“Hua Cheng”)As of December 31, 2018, the Company held a 39.0% equity ownership in Hua Cheng, a company established to provide integrated value-added service solutions for the delivery of video on demand and enhanced content for cable providers.
[3]	BBD Digital Capital Group Ltd. (“BDCG”)In 2018, the Company signed a joint venture agreement with two unrelated parties, to establish BDCG located in the United States for providing block chain services for financial or energy industries by utilizing artificial intelligence and big data technology in the United States. On April 24, 2018, the Company acquired 20.0% equity ownership in BDCG from one noncontrolling party for total consideration of $9.8 million which consisted of $2.0 million in cash and $7.8 million paid in the form of the Company’s capital stock (valued at $2.60 per share and equal to 3.0 million shares of the Company’s common stock), increasing the Company’s ownership to 60.0%. The remaining 40.0% of BDCG are held by Seasail Ventures Limited (“Seasail”). The accounting treatment of the joint venture is based on the equity method due to variable substantive participating rights (in accordance with ASC 810102511) granted to Seasail. The new entity is currently in the process of ramping up its operations. Intelligenta has yet to record revenue or earnings or losses, and therefore its statement of operations and balance sheet data are not material. As of December 31, 2019 and 2018, the excess of the Company’s investment over its proportionate share of Intelligenta’s net assets was $9.8 million and $9.8 million, respectively. The difference represents goodwill and is not being amortized.
[4]	Delaware Board of Trade Holdings, Inc. (“DBOT”)DBOT is an approved and licensed FINRA- and SEC-regulated electronic trading platform with operations in Delaware. One of the Company’s subsidiaries is powered by DBOT’s platform, trading system and technology. The Company previously accounted for this investment using the cost method as the Company then owned less than 4.0% of the common shares and the Company did not have significant influence over DBOT.In October 2018, the Company issued 2.3 million shares of the Company’s common stock to acquire additional shares in DBOT, thereby increasing its holdings to 36.9%. As a result, the Company changed its method of accounting for this investment to the equity method. The effect of the change from cost method to equity method was immaterial.In July 2019, the Company issued 6.7 million shares of the Company’s common stock to acquire additional shares in DBOT, thereby increasing its holdings to 99.0%. As a result, the Company began to consolidate DBOT. Refer to Note 6(c) for additional information on the acquisition and consolidation of DBOT.Glory Connection Sdn. Bhd (“Glory”)On July 18, 2019, the Company entered into an acquisition agreement to purchase a 34.0% interest in Glory, a Malaysian company, from its shareholder Beijing Financial Holding Limited, a Hong Kong registered company, for the consideration of 12.2 million restricted common shares of the Company, initially representing $24.4 million at $2.00 per share, the contract price, and subsequently revised to $20.0 million at $1.64 per share, the closing price on the date of acquisition. As part of this transaction, the Company was also granted an option to purchase a 40.0% interest in Bigfair Holdings Limited (“Bigfair”) from its shareholder Beijing Financial Holding Limited for an exercise price of $13.2 million in the form of common shares of the Company. Bigfair currently holds a 51.0% ownership stake in Glory. The option is exercisable from July 18, 2020 to July 19, 2021. If the option is exercised, the Company would have 20.4% indirect ownership in Glory in addition to the 34.0% direct ownership it already has. Upon the initial investment, the Company performed a valuation analysis and allocated $23.0 million and $1.4 million of the consideration transferred to the equity method investment and the call option, respectively, which was subsequently revised to $20.0 million and $0, respectively. Glory is currently in the process of ramping up its operations.As initially contemplated, Glory, through its subsidiary Tree Manufacturing, would hold a domestic EV manufacturing license in Malaysia, a marketing and distribution agreement for EVs in the ASEAN region, as well as the land use rights for 250 acres of vacant land zoned for industrial development in the Begeng Industrial Area adjacent to Kuantan Port. Kuantan is the capital city of the state of Pahang on the east coast of Peninsular Malaysia, which was to be the site of the manufacturing operations.In December 2019, the Company acquired a 51.0% ownership interest in Tree Technologies. Tree Technologies had previously been granted the land use rights to the 250 acres of vacant land mentioned above, which was previously anticipated would be owned by Glory. As Glory would no longer receive the land use rights to the 250 acres of vacant land, the Company evaluated its investment in Glory for impairment, and recorded an impairment loss of $13.1 million in “Impairment of and equity in loss of equity method investees” in the consolidated statements of operations.Tree Technologies has also entered into a product supply arrangement and a product distribution arrangement with a subsidiary of Glory. The Company performed an assessment of these arrangements, and determined that Glory is a variable interest entity, but that the Company is not the prime beneficiary. As of December 31, 2019, the Company accounts for Glory as an equity method investment. Refer to Note 6(a) for additional information on the acquisition of Tree Technologies. The Company has advanced $1.0 million to Glory in order to fund its operations, although it had no obligation to do so. The Company’s maximum exposure to Glory is $7.8 million, the sum of its investment and advances.As of December 31, 2019, the excess of the Company’s investment over its proportionate share of Glory’s net assets was $6.6 million. The difference represents an amortizing intangible asset. The following table summarizes the income statement information of Glory for the year ended December 31, 2019:    December 31, 2019Revenue$ 33,352Gross profit  10,020Net loss from operations  (596,671)Net loss  (585,981)Net loss attributable to Glory  (323,673)

Long-term Investments - Acquisi

Long-term Investments - Acquisition of Glory Connection Sdn. Bhd (Details) $ / shares in Units, shares in Millions	Jul. 18, 2018USD ($)$ / sharesshares	Dec. 31, 2019USD ($)a	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)		Jul. 18, 2019$ / shares
Impairment of equity method investments			$ 13,067,892	$ 0
Income Statement Information [Abstract]
Revenue			44,566,955	377,742,872	[1]
Gross profit			43,109,182	3,167,834	[1]
Net loss from operations			(68,572,684)	(26,195,054)	[1]
Net loss			(96,828,375)	(28,423,084)	[1],[2]
Net loss attributable to Glory			(98,507,524)	$ (27,426,356)	[1]
Glory
Percentage of voting equity interests acquired	34.00%
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares	12.2
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 24,400,000
Shares Issued, Price Per Share | $ / shares	$ 2
Allocation Of Consideration To Equity Method Investment			23,000,000
Allocation Of Consideration To Call Option			1,400,000
Advance paid			1,000,000
Aggregate investment		$ 7,800,000	7,800,000
Glory | Call option
Percentage of voting equity interests acquired	20.40%
Glory | Scenario, Plan [Member]
Allocation Of Consideration To Call Option			$ 0
Tree Technologies
Percentage of voting equity interests acquired		51.00%	51.00%
Glory
Impairment of equity method investments		$ 13,100,000
Income Statement Information [Abstract]
Revenue			$ 33,352
Gross profit			10,020
Net loss from operations			(596,671)
Net loss			(585,981)
Net loss attributable to Glory			(323,673)
Glory | Scenario, Plan [Member]
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 20,000,000
Glory | Glory | Scenario, Plan [Member]
Shares Issued, Price Per Share | $ / shares						$ 1.64
Allocation Of Consideration To Equity Method Investment			$ 20,000,000
Glory | Tree Technologies
Number of acres | a		250
Bigfair Holdings Limited [Member] | Call option
Percentage of voting equity interests acquired	40.00%
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 13,200,000
Bigfair Holdings Limited [Member] | Glory
Percentage of voting equity interests acquired						51.00%
[1]	The above consolidated statements of operations include Guang Ming. The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)
[2]	The above consolidated statements of cash flows include Guang Ming. The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)

Leases (Details)

Leases (Details)	12 Months Ended
	Dec. 31, 2019USD ($)
Lease, Cost [Abstract]
Operating Lease Cost	$ 1,707,893
Short-Term Lease Cost	316,905
Sublease Income	(42,420)
Total Lease Cost	1,982,378
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	1,406,611
Right-of-use assets obtained in exchange for new operating lease liabilities	935,242
2020	1,512,025
2021	1,434,657
2022	1,422,965
2023	1,474,391
2024	1,503,859
2025 and thereafter	1,873,794
Total lease payments	9,221,691
Less: Interest	(1,886,538)
Total	$ 7,335,153

Leases - Additional Information

Leases - Additional Information (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018	[1]
Leases
Operating right of use assets	$ 6,933,582	$ 0
Operating lease liability	$ 7,335,153
Weighted-average remaining lease term	6 years 2 months 12 days
Average discount rate	7.50%
[1]	The above consolidated balance sheets include Shanghai Guang Ming Investment Management Limited (“Guang Ming”). The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)

Supplementary Information (Deta

Supplementary Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Supplemental Financial Statement Information
Other Assets, Current	$ 1,841,720	$ 3,594,942	[1]
Other Liabilities, Current	$ 6,466,007	4,615,346	[1]
Description of other current liabilities component	more than 5 percent
Other receivable from third party	$ 3,300,000
Other payable to third party	$ 5,900,000	$ 4,600,000
PRC
Supplemental Financial Statement Information
Description of other current assets component	more than 5 percent
Operations deposits receivable from non controlling shareholder	$ 900,000
Other receivable from third party	$ 1,300,000
[1]	The above consolidated balance sheets include Shanghai Guang Ming Investment Management Limited (“Guang Ming”). The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)

Promissory Notes (Details)

Promissory Notes (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Short-term Debt [Line Items]
Principal amount	$ 26,932,300	$ 16,000,000
Carrying amount	14,652,356	$ 15,453,825
Long-term Note	$ 26,932,300
Advantech Capital Investment II Limited
Short-term Debt [Line Items]
Interest rate	8.00%	8.00%
Principal amount	$ 12,000,000	$ 12,000,000
Carrying amount	3,192,896	11,313,770
Convertible Note
Short-term Debt [Line Items]
Short-term Note	8,012,845	4,140,055
Long-term Note	$ 6,639,511	$ 11,313,770
Convertible Note | Mr.McMahon
Short-term Debt [Line Items]
Interest rate	4.00%	4.00%
Principal amount	$ 3,000,000	$ 3,000,000
Carrying amount	$ 3,260,055	$ 3,140,055
Convertible Note With Maturity February 8, 2020 | SSSIG
Short-term Debt [Line Items]
Interest rate	4.00%	4.00%
Principal amount	$ 1,252,300	$ 1,000,000
Carrying amount	$ 1,300,657	$ 1,000,000
Convertible Note With Maturity November 25, 2020 | SSSIG
Short-term Debt [Line Items]
Interest rate	4.00%
Principal amount	$ 250,000
Carrying amount	$ 250,000
Senior Secured Convertible Note (b)
Short-term Debt [Line Items]
Interest rate	10.00%	10.00%
Principal amount	$ 850,000
Carrying amount	$ 347,763
Senior Secured Convertible Note (c)
Short-term Debt [Line Items]
Interest rate	10.00%	10.00%
Principal amount	$ 3,580,000
Carrying amount	$ 1,895,958
Senior Secured Convertible Note (d)
Short-term Debt [Line Items]
Interest rate	4.00%	4.00%
Principal amount	$ 3,000,000
Carrying amount	$ 1,405,027
Promissory Note (e)
Short-term Debt [Line Items]
Interest rate	6.00%
Principal amount	$ 3,000,000
Carrying amount	$ 3,000,000

Promissory Notes - Future matur

Promissory Notes - Future maturities (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Future maturities of long-term debt
2020		$ 9,850,000
2021		17,082,300
Total Long-term Note		26,932,300
Future maturities of long-term debt, interest
2020		12,211,919
2021		$ 4,302,643
Long-term interest	$ 16,514,562

Promissory Notes- Additional In

Promissory Notes- Additional Information (Details)

Dec. 19, 2020$ / sharesshares

Feb. 13, 2020USD ($)shares

Dec. 19, 2019USD ($)$ / sharesshares

Oct. 30, 2019USD ($)$ / shares

Oct. 29, 2019USD ($)$ / shares

Sep. 27, 2019USD ($)$ / sharesshares

Feb. 22, 2019USD ($)$ / sharesshares

Feb. 29, 2020USD ($)

Oct. 31, 2019USD ($)$ / shares

Jun. 28, 2018USD ($)$ / shares

Dec. 31, 2019USD ($)$ / sharesshares

Dec. 31, 2019USD ($)$ / sharesshares

Dec. 31, 2018USD ($)

Sep. 24, 2018$ / shares

Nov. 25, 2015USD ($)

Debt Instrument [Line Items]

Common stock issuance (GTD)

$ 10,000,000

Common stock issued from conversion of convertible note | shares

12

Accrued expense

700,000

Exercise price of warrants | $ / shares

$ 1.09

$ 1.09

$ 5.375

Interest expense relating to discount

$ 1,000,000

$ 700,000

Carrying amount of convertible note

1,779,000

1,779,000

Non cash loss on Extinguishment of Debt

(3,940,196)

0

[1]

Principal amount

26,932,300

26,932,300

16,000,000

Warrant II

Debt Instrument [Line Items]

Common stock issued from conversion of convertible note | shares

1,000,000

Conversion price | $ / shares

$ 1

Warrant I

Debt Instrument [Line Items]

Common stock issued from conversion of convertible note | shares

1,700,000

Conversion price | $ / shares

$ 1.50

ASC 470-50

Debt Instrument [Line Items]

Interest expense relating to discount

1,200,000

Carrying amount of convertible note

538,000

$ 538,000

$2.05 million Senior Secured Convertible Debenture due in August 2020, ID Ventura 7 [Member]

Debt Instrument [Line Items]

Interest rate

10.00%

Conversion price | $ / shares

$ 1.84

Adjusted conversion price | $ / shares

$ 1

Amount of beneficial conversion feature

$ 600,000

Senior secured convertible note

$ 2,100,000

Number of shares issued | shares

1,166,113

Warrant expiry period

7 years

5 years

Percentage of warrant exercisable

150.00%

Proceeds from convertible debt

$ 2,000,000

Convertible note issuance expenses

$ 50,000

Carrying amount of convertible note

1,200,000

$ 1,200,000

$3.58 million Senior Secured Convertible Debenture due in March 2021 - ID Ventura 7

Debt Instrument [Line Items]

Interest rate

10.00%

Common stock issued from conversion of convertible note | shares

1,000,000

Conversion price | $ / shares

$ 1.84

Adjusted conversion price | $ / shares

$ 1

Senior secured convertible note

$ 2,500,000

Number of shares issued | shares

1,500,000

Warrant expiry period

7 years

5 years

Percentage of warrant exercisable

150.00%

Proceeds from convertible debt

$ 3,600,000

Proceeds from convertible debt, net

$ 3,500,000

Warrant, Term

5 years

Increase in additional paid in capital and reduced

$ 1,300,000

Amortization of Debt Issuance Costs

$ 65,000

Number of additional shares issued | shares

1,080,000

Penalty fee for late payments of interests and compensation

8.00%

$5 million Senior Secured Convertible Debenture due in December 2020 - YA II PN

Debt Instrument [Line Items]

Interest rate

4.00%

Conversion price | $ / shares

$ 1.50

Proceeds from convertible debt

$ 2,900,000

$ 2,000,000

Proceeds from convertible debt, net

$ 100,000

Warrant, Term

5 years

Unamortized discount convertible note

1,000,000

$ 1,000,000

Percentage of discount issued on Convertible loans

4.00%

Secured Convertible Debentures Value Agreed to purchase

$ 5,000,000

Interest expense relating to discount

70,000

Floor Price of Secured Notes

1.00%

$5 million Senior Secured Convertible Debenture due in December 2020 - YA II PN | First Closing

Debt Instrument [Line Items]

Closing of Convertible Debentures Value

$ 2,000,000

Closing Of Shares of Common Stock | shares

14,000,000

$5 million Senior Secured Convertible Debenture due in December 2020 - YA II PN | Second Closing

Debt Instrument [Line Items]

Closing of Convertible Debentures Value

$ 1,000,000

Closing Of Shares of Common Stock | shares

700,000

$5 million Senior Secured Convertible Debenture due in December 2020 - YA II PN | Third Closing

Debt Instrument [Line Items]

Closing of Convertible Debentures Value

$ 2,000,000

Closing Of Shares of Common Stock | shares

1,400,000

$5 million Senior Secured Convertible Debenture due in December 2020 - YA II PN | Warrant II

Debt Instrument [Line Items]

Interest rate

1.54%

ID Ventura 7 [Member]

Debt Instrument [Line Items]

Conversion price | $ / shares

$ 1.84

Adjusted conversion price | $ / shares

$ 1

$ 1

Number of shares issued | shares

250,000

Exercise price of warrants | $ / shares

$ 1

Number of common stock convertible | shares

2,000,000

250,000

Warrant expiry period

2 years

Warrant, Term

7 years

Increase in additional paid in capital and reduced

$ 1,400,000

$ 150,000

Carrying amount of convertible note

$ 200,000

$ 149,000

Penalty fee for late payments of interests and compensation

8.00%

ID Ventura 7 [Member] | Maximum [Member]

Debt Instrument [Line Items]

Conversion price | $ / shares

$ 1.84

ID Ventura 7 [Member] | ASC 470-50

Debt Instrument [Line Items]

Interest rate

10.00%

Intrinsic value of beneficial conversion feature convertible Notes

$ 500,000

Senior secured convertible note

$ 2,050,000

Fair value of convertible debt

2,200,000

1,700,000

Convertible notes written off

3,600,000

Carrying amount of convertible note

400,000

813,254

Deemed dividend on securities

500,000

Non cash loss on Extinguishment of Debt

$ 2,700,000

$ 1,236,746

Expected term [Member] | $2.05 million Senior Secured Convertible Debenture due in August 2020, ID Ventura 7 [Member]

Debt Instrument [Line Items]

Warrant, Term

5 years

Expected term [Member] | ID Ventura 7 [Member]

Debt Instrument [Line Items]

Warrant, Term

5 years

Expected dividend yield [Member] | $2.05 million Senior Secured Convertible Debenture due in August 2020, ID Ventura 7 [Member]

Debt Instrument [Line Items]

Warrants and rights outstanding, Measurement Input

0

Expected dividend yield [Member] | $3.58 million Senior Secured Convertible Debenture due in March 2021 - ID Ventura 7

Debt Instrument [Line Items]

Warrants and rights outstanding, Measurement Input

0

Expected dividend yield [Member] | $5 million Senior Secured Convertible Debenture due in December 2020 - YA II PN

Debt Instrument [Line Items]

Warrants and rights outstanding, Measurement Input

0

Expected dividend yield [Member] | ID Ventura 7 [Member]

Debt Instrument [Line Items]

Warrants and rights outstanding, Measurement Input

0

Expected volatility [Member] | $2.05 million Senior Secured Convertible Debenture due in August 2020, ID Ventura 7 [Member]

Debt Instrument [Line Items]

Warrants and rights outstanding, Measurement Input

111.83

Expected volatility [Member] | $3.58 million Senior Secured Convertible Debenture due in March 2021 - ID Ventura 7

Debt Instrument [Line Items]

Warrants and rights outstanding, Measurement Input

122.44

Expected volatility [Member] | $5 million Senior Secured Convertible Debenture due in December 2020 - YA II PN

Debt Instrument [Line Items]

Warrants and rights outstanding, Measurement Input

122.44

Expected volatility [Member] | ID Ventura 7 [Member]

Debt Instrument [Line Items]

Warrants and rights outstanding, Measurement Input

112

Risk free interest rate [Member] | $2.05 million Senior Secured Convertible Debenture due in August 2020, ID Ventura 7 [Member]

Debt Instrument [Line Items]

Warrants and rights outstanding, Measurement Input

2.48

Risk free interest rate [Member] | $3.58 million Senior Secured Convertible Debenture due in March 2021 - ID Ventura 7

Debt Instrument [Line Items]

Warrants and rights outstanding, Measurement Input

1.66

Risk free interest rate [Member] | $5 million Senior Secured Convertible Debenture due in December 2020 - YA II PN

Debt Instrument [Line Items]

Interest rate

1.66%

Risk free interest rate [Member] | ID Ventura 7 [Member]

Debt Instrument [Line Items]

Warrants and rights outstanding, Measurement Input

2.48

Advantech Capital Investment II Limited

Debt Instrument [Line Items]

Principal amount

12,000,000

$ 12,000,000

12,000,000

Advantech Capital Investment II Limited | Private placement

Debt Instrument [Line Items]

Common stock issuance (GTD)

$ 12,000,000

Interest rate

8.00%

Conversion price | $ / shares

$ 1

$ 1.82

Amount of beneficial conversion feature

$ 1,400,000

Maturity date of the note

Jun. 28, 2021

Interest expense recognized to beneficial conversion feature

$ 10,600,000

1,500,000

Carrying amount of convertible note

$ 10,200,000

10,200,000

$ 1,200,000

DBOT

Debt Instrument [Line Items]

Interest rate

6.00%

Principal amount

$ 3,000,000

Interest expense

$ 180,000

[1]

The above consolidated statements of operations include Guang Ming. The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($)	1 Months Ended		4 Months Ended	6 Months Ended	7 Months Ended	12 Months Ended
	Oct. 31, 2018	Jul. 24, 2018	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Stockholders Equity [Line Items]
Number of common stock issued for conversion						8.2
Number of share issued for acquisition						15,900,000
Number of shares issued for acquisition of assets						7,400,000
Number of shares issued for longterm investment						14,700,000
Common stock, shares authorized				1,500,000,000	1,500,000,000	1,500,000,000	1,500,000,000
Common stock, par value (in dollars per share)				$ 0.001	$ 0.001	$ 0.001	$ 0.001
Amount of shares issued							$ 10,000,000
Volatility rate						98.00%
Risk-free interest rate						2.51%
Dividend yield						0.00%
Subscription Agreement [Member] | GTD | Private placement
Stockholders Equity [Line Items]
Total amount of investment			$ 10,000,000					$ 40,000,000
Proceeds from Issuance of Common Stock	$ 10,000,000
Number of shares issued	5,500,000
Shares Issued, Price Per Share	$ 1.82
Subscription Agreement [Member] | SSSIG
Stockholders Equity [Line Items]
Total amount of investment					$ 1,100,000
Proceeds from Issuance of Common Stock							$ 1,100,000
Number of shares expected to issued in 2019						0.6
Share Purchase & Option Agreement [Member] | STAR
Stockholders Equity [Line Items]
Number of shares issued				5,000,000
Amount of shares issued						$ 9,200,000
Number of share purchased						5,000,000
Call option description		Star may, within 24 months after July 24, 2018, purchase from the Company such number of shares of common stock that would bring Star's total ownership of the Company's issued and outstanding shares up to 19.5% on a fully diluted basis, at a price equal to 95.0% of the weighted average trading price of the common stock within 3 months prior to the exercise date of the Call Option.					Star may, within 24 months after July 24, 2018, purchase from the Company such number of shares of common stock that would bring Star's total ownership of the Company's issued and outstanding shares up to 19.5% on a fully diluted basis, at a price equal to 95.0% of the weighted average trading price of the common stock within 3 months prior to the exercise date of the Call Option.
Fair value of call option						$ 8,000,000
Expected term						1 year 9 months 22 days
Volatility rate						132.55%
Risk-free interest rate						2.81%
Dividend yield						0.00%
Convertible preferred stock
Stockholders Equity [Line Items]
Preferred stock, shares authorized				50,000,000	50,000,000	50,000,000	50,000,000
Preferred stock, par value (in dollars per share)				$ 0.001	$ 0.001	$ 0.001	$ 0.001
Series A preferred stock
Stockholders Equity [Line Items]
Preferred stock, shares issued				7,000,000	7,000,000	7,000,000	7,000,000
Preferred stock, voting rights						one vote

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Nov. 25, 2020	Feb. 08, 2019	May 10, 2012	Dec. 31, 2019	Dec. 31, 2018
Related Party Transaction [Line Items]
Amount due to related parties				$ 3,962,061	$ 800,822	[1]
Principal amount				26,932,300	16,000,000
$2.5 Million Convertible Promissory Note | SSSIG
Related Party Transaction [Line Items]
Advance received without any interest				1,300,000
Interest expense				48,357
Convertible promissory note amount not received				1,200,000
$1.5 Million Convertible Promissory Note | SSSIG
Related Party Transaction [Line Items]
Advance received without any interest				250,000
Mr. Shane McMahon | Convertible Note
Related Party Transaction [Line Items]
Amount due to related parties			$ 3,000,000
Principal amount			$ 3,000,000
Interest rate of convertible note			4.00%
Conversion price of note convertible			$ 1.50
Conversion price of convertible note after amendment			$ 1.75
Maturity date of the note			Dec. 31, 2020
Interest expense				100,000	100,000
Interest payable				$ 300,000	$ 100,000
Bruno Wu ("Mr.Wu") | $2.5 Million Convertible Promissory Note | SSSIG
Related Party Transaction [Line Items]
Principal amount		$ 2,500,000
Interest rate of convertible note		4.00%
Conversion price of note convertible		$ 1.83
Maturity date of the note		Feb. 8, 2020
Bruno Wu ("Mr.Wu") | $1.5 Million Convertible Promissory Note | SSSIG | Subsequent Event
Related Party Transaction [Line Items]
Principal amount	$ 2,500,000
Interest rate of convertible note	4.00%
Conversion price of note convertible	$ 1.25
Maturity date of the note	Nov. 25, 2021
[1]	The above consolidated balance sheets include Shanghai Guang Ming Investment Management Limited (“Guang Ming”). The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)

Related party Transactions - Ad

Related party Transactions - Additional Information (Details)	Dec. 31, 2019USD ($)Y	Nov. 30, 2019USD ($)item	Mar. 31, 2019USD ($)	Feb. 20, 2019USD ($)	Sep. 30, 2019USD ($)item	Mar. 31, 2019USD ($)	Dec. 31, 2019USD ($)Y	Dec. 31, 2018USD ($)		Jun. 30, 2019
Related Party Transaction [Line Items]
Purchase of crude oil, commitment amount							$ 244,100,000
Intangible assets, net	$ 52,770,639						52,770,639	$ 3,036,352	[1]
Licensed content	0						0	16,958,149	[1]
Long term investment	22,621,497						22,621,497	26,408,609	[1]
Salary, severance and expenses				$ 800,000		$ 600,000
Due to other related parties	200,000						200,000
Amount of shares issued								10,000,000
Payments to acquireequity Interest							623,178	$ 2,784,243	[2]
Selling, general and administrative expenses
Related Party Transaction [Line Items]
Salary, severance and expenses							800,000
Borrowing from Dr. Wu. and his affiliates
Related Party Transaction [Line Items]
Short-term Debt	3,300,000						3,300,000
Digital asset management services [Member]
Related Party Transaction [Line Items]
Assets sold under agreements carrying amount	$ 7,100,000						$ 7,100,000
Digital asset management services [Member] | Measurement Input, Discount Rate [Member]
Related Party Transaction [Line Items]
estimated value of GTB	0.76						0.76
Digital asset management services [Member] | Expected term [Member]
Related Party Transaction [Line Items]
estimated value of GTB | Y	3						3
Digital asset management services [Member] | Expected volatility [Member]
Related Party Transaction [Line Items]
estimated value of GTB	1.55						1.55
Digital asset management services [Member] | Expected dividend yield [Member]
Related Party Transaction [Line Items]
estimated value of GTB	0						0
Digital asset management services [Member] | Risk free interest rate [Member]
Related Party Transaction [Line Items]
estimated value of GTB	0.0225						0.0225
Digital asset management services [Member] | Level II
Related Party Transaction [Line Items]
Consideration on sale of assets							$ 40,700,000
Mobile Energy Group
Related Party Transaction [Line Items]
Percentage of ownership interest										50.01%
Qianxi
Related Party Transaction [Line Items]
Number of Ev taxis order to third party | item					4,172
commission payable on compleion of order					$ 2,700,000
iUnicorn | Mobile Energy Group
Related Party Transaction [Line Items]
Percentage of ownership interest										49.99%
Shenma Zhixing technology Co.
Related Party Transaction [Line Items]
Amount of shares issued		$ 4,900,000
Number of installments | item		6
Payments to acquireequity Interest	$ 500,000
Shenma Zhixing technology Co. | Qianxi
Related Party Transaction [Line Items]
Percentage of ownership interest		1.72%
GTD
Related Party Transaction [Line Items]
Assets sold under agreements carrying amount			$ 20,400,000			$ 20,400,000
Consideration on sale of assets			$ 1,300,000
GTD | Animation copy right
Related Party Transaction [Line Items]
Assets sold under agreements carrying amount	200,000						200,000
GTD | License content
Related Party Transaction [Line Items]
Licensed content	17,000,000						17,000,000
GTD | Nanjing Shengyi Network Technology Co., Ltd
Related Party Transaction [Line Items]
Long term investment	$ 3,200,000						$ 3,200,000
GTD | Nanjing Shengyi Network Technology Co., Ltd | Ideanomics, Inc [Member]
Related Party Transaction [Line Items]
Percentage of ownership interest	13.00%						13.00%
[1]	The above consolidated balance sheets include Shanghai Guang Ming Investment Management Limited (“Guang Ming”). The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)
[2]	The above consolidated statements of cash flows include Guang Ming. The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)

Share-Based Payments (Details)

Share-Based Payments (Details) - Options - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Options Outstanding
Outstanding at January 1, 2019	1,706,431
Granted	14,325,000
Exercised	0
Expired	(83,333)
Forfeited	(1,011,372)
Outstanding at December 31, 2019	14,936,726	1,706,431
Vested and expected to be vested as of December 31, 2019	14,936,726
Options exercisable at December 31, 2019 (vested)	7,163,814
Weighted Average Exercise Price
Outstanding at January 1, 2019	$ 3.28
Granted	1.98
Exercised	0
Expired	1.98
Forfeited	1.98
Outstanding at December 31, 2019	2.13	$ 3.28
Vested and expected to be vested as of December 31, 2019	2.13
Options exercisable at December 31, 2019 (vested)	$ 2.29
Weighted Average Remaining Contractual Life (Years)
Outstanding at January 1,, 2019	8 years 5 months 23 days	4 years 29 days
Granted	9 years 1 month 24 days
Outstanding at December 31, 2019	8 years 5 months 23 days	4 years 29 days
Vested and expected to be vested as of December 31, 2019	8 years 5 months 23 days
Options exercisable at December 31, 2019 (vested)	7 years 9 months
Aggregated Intrinsic Value
Outstanding at January 1, 2019	$ 0	$ 0
Options exercisable at December 31, 2019 (vested)	$ 0

Share-Based Payments - Assumpti

Share-Based Payments - Assumptions used to estimate the fair values (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Expected volatility	98.00%
Expected dividend yield	0.00%
Risk-free interest rate	2.51%
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Expected term		5 years 6 months 7 days

Share-Based Payments - Warrants

Share-Based Payments - Warrants (Details) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Sep. 24, 2018
Class of Warrant or Right [Line Items]
Number of Warrants Outstanding and Exercisable	8,995,906	60,000	8,000,000
Exercise price of warrants	$ 1.09		$ 5.375
2014 Broker Warrants (Series E Financing)
Class of Warrant or Right [Line Items]
Number of Warrants Outstanding and Exercisable		60,000
Exercise price of warrants	$ 1.75
Expiration Date	Jan. 31, 2019
2018 IDV (Senior secured convertible note)
Class of Warrant or Right [Line Items]
Number of Warrants Outstanding and Exercisable	1,671,196
Exercise price of warrants	$ 1
Expiration Date	Feb. 22, 2026
2019 IDV (Senior secured convertible note)
Class of Warrant or Right [Line Items]
Number of Warrants Outstanding and Exercisable	4,658,043
Exercise price of warrants	$ 1
Expiration Date	Sep. 27, 2026
2019 YA II PN, Ltd. (Senior secured convertible debenture) I
Class of Warrant or Right [Line Items]
Number of Warrants Outstanding and Exercisable	1,666,667
Exercise price of warrants	$ 1.50
Expiration Date	Dec. 13, 2024
2019 YA II PN, Ltd. (Senior secured convertible debenture) II
Class of Warrant or Right [Line Items]
Number of Warrants Outstanding and Exercisable	1,000,000
Exercise price of warrants	$ 1
Expiration Date	Dec. 13, 2020

Share-Based Payments - Addition

Share-Based Payments - Additional Information (Details)	Sep. 24, 2018$ / sharesshares	Jan. 31, 2019USD ($)employeeshares	Dec. 31, 2019USD ($)$ / sharesshares	Dec. 31, 2018USD ($)shares	Aug. 03, 2018shares	Dec. 03, 2010shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warrants outstanding to purchase shares of common stock	8,000,000		8,995,906	60,000
Share-based payments expense | $			$ 9,100,000	$ 3,400,000
Unrecognized compensation expense related to non-vested share options | $			11,700,000
Total fair value of vested shares | $			$ 8,500,000	400,000
Weighted average exercise price of warrants | $ / shares	$ 5.375		$ 1.09
Weighted average remaining life of warrants			5 years 8 months 1 day
Cash received from options exercised | $			$ 0	$ 28,000
Percentage of premium on exercise price	25.00%
Closing market price | $ / shares	$ 4.30
Weighted average period for recognition related to non-vested stock options			1 year 1 month 24 days
2010 Stock Incentive Plan ("the Plan")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance					31.5	4
Number of options available for issuance			14.1
Board of Directors | 2010 Stock Incentive Plan ("the Plan")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Amount of grant date fair value of the restricted shares | $		$ 300,000
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding to purchase shares of common stock			0.1
Number of non-vested restricted shares			55,086	87,586
Restricted shares granted			220,163
Restricted shares vested			249,163
Unrecognized compensation cost related to unvested restricted shares | $			$ 16,575
Weighted average period for recognition related to non-vested stock options			2 months 23 days
Restricted Stock | 2010 Stock Incentive Plan ("the Plan")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares granted		200,000
Number of employees | employee		3
Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding to purchase shares of common stock			14,936,726	1,706,431
Stock options issued to employees			14,325,000

Share-Based Payments - Summary

Share-Based Payments - Summary of unvested shares (Details ) - Restricted Stock	12 Months Ended
	Dec. 31, 2019$ / sharesshares
Shares
Non-vested restricted shares outstanding at January 1, 2019 | shares	87,586
Granted | shares	220,163
Forfeited | shares	(3,500)
Vested | shares	(249,163)
Non-vested restricted shares outstanding at December 31, 2019 | shares	55,086
Weighted-average fair value
Non-vested restricted shares outstanding at January 1, 2019 | $ / shares	$ 2.46
Granted | $ / shares	1.24
Forfeited | $ / shares	2.60
Vested | $ / shares	1.40
Non-vested restricted shares outstanding at December 31, 2019 | $ / shares	$ 2.38

Loss Per Common Share (Details)

Loss Per Common Share (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Loss Per Common Share
Net income (loss) attributable to IDEX common stockholders	$ (98,507,524)	$ (27,426,356)	[1]
Basic
Basic weighted average common shares outstanding	119,766,859	78,386,116
Diluted
Diluted weighted average common shares outstanding	119,766,859	78,386,116
Net loss per share:
Basic	$ 0.82	$ 0.35
Diluted	$ 0.82	$ 0.35
[1]	The above consolidated statements of operations include Guang Ming. The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)

Loss Per Common Share - Computa

Loss Per Common Share - Computation of diluted earnings (loss) per share (Details) - shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	55,045,760	13,106,997
Warrants
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	8,995,906	60,000
Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	14,936,726	1,706,431
Series A preferred stock
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	933,333	933,333
DBOT Contingent Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	8,501,313
Convertible promissory note and interest
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	21,678,482	10,407,233

Income Taxes (Details)

Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Operating Loss Carryforwards [Line Items]
Loss before tax	$ (96,410,922)	$ (28,463,328)	[1]
Deferred tax benefit of net operating loss	(176,107)	0
Deferred tax expense (benefit) other than benefit of net operating loss	513,935	40,244
Total current tax expense (benefit)	931,388
Total income tax expense (benefit)	417,453	(40,244)	[1]
United States
Operating Loss Carryforwards [Line Items]
Loss before tax	(88,688,205)	(13,139,622)
Deferred tax expense (benefit) other than benefit of net operating loss	(513,935)	(40,244)
Total current tax expense (benefit)	931,388
PRC/Hong Kong
Operating Loss Carryforwards [Line Items]
Loss before tax	(7,722,717)	$ (15,323,706)
Deferred tax benefit of net operating loss	$ (176,107)
[1]	The above consolidated statements of operations include Guang Ming. The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)

Income Taxes - reconciliation o

Income Taxes - reconciliation of the expected income tax (Details)	Dec. 22, 2017	Dec. 21, 2017	Dec. 31, 2019	Dec. 31, 2018
Income Taxes
U. S. statutory income tax rate	34.00%	34.00%	21.00%	21.00%
Non-deductible expenses:
Non-deductible stock awards			(1.90%)	(1.20%)
Non-deductible loss on contingent consideration			(1.10%)	0.00%
Others			(0.30%)	(0.90%)
Non-deductible interest expenses			(1.20%)	(0.60%)
Increase in valuation allowance			(16.40%)	(18.40%)
Tax rate differential			(0.50%)	0.10%
Effective income tax rate			(0.40%)	0.00%

Income Taxes - components of th

Income Taxes - components of the Company's deferred tax (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Income Taxes
U.S. NOL	$ 17,470,708	$ 7,977,213
Foreign NOL	6,846,645	6,406,052
U.S. capital loss carryover	4,376,715
Accrued payroll and expense	171,580	131,867
Nonqualified options	772,365	780,800
Convertible notes	751,625
Impaired assets	1,436,065
Others	114,819	171,819
Total deferred tax assets	31,940,522	15,467,751
Less: valuation allowance	(30,274,655)	$ (15,467,751)
Property and equipment	(36,368)
Intangible assets	(1,629,499)
Deferred Tax liabilities	$ (1,665,867)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Millions	Dec. 31, 2018	Dec. 22, 2017	Dec. 21, 2017	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Operating Loss Carryforwards [Line Items]
PRC income tax rate					25.00%
Withholding income tax rate					10.00%
Withholding tax on dividends rate					5.00%
Corporate income tax rate effective in 2018					21.00%
Reduction in deferred tax assets due to change in tax rate						$ 4.4
Cumulative tax loss carryforwards				$ 26.8
Valuation allowance increased (decreased)	$ 3			14.8
Results of operations, revenue, other	2.3			14.5
Deferred Tax Liabilities	$ 0.7			0.3	$ 0.7
Capital Loss Carryover Available To Offset Future Capital Gains				20.8
Capital loss carryover available To offset future capital gains expires in 2025 and the rest in 2024				$ 20.4
Statutory income tax rate		34.00%	34.00%	21.00%	21.00%
Inland Revenue, Hong Kong [Member]
Operating Loss Carryforwards [Line Items]
Statutory income tax rate					16.50%
Inland Revenue, Singapore (IRAS) [Member]
Operating Loss Carryforwards [Line Items]
Statutory income tax rate						17.00%
United States
Operating Loss Carryforwards [Line Items]
Cumulative tax loss carryforwards				$ 83.1
PRC/Hong Kong
Operating Loss Carryforwards [Line Items]
Cumulative tax loss carryforwards				$ 28.3

Concentration, Credit and Oth_3

Concentration, Credit and Other Risks - Major Suppliers (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019USD ($)item	Dec. 31, 2018USD ($)customeritem
Digital currency [line items]
Description of percentage of revenue for major supplier	more than 10.0%
Insured deposit | $	$ 0.4	$ 0
Wecast Services | Major Customers | Revenue
Digital currency [line items]
Description of percentage of revenue for major supplier	more than 10.0%	more than 10.0%
Wecast Services | Major Customers | Accounts receivables
Digital currency [line items]
Description of percentage of revenue for major supplier		more than 10.0%
Number of suppliers | customer		2
Wecast Services | Major Suppliers | Cost of revenues
Digital currency [line items]
Description of percentage of revenue for major supplier		more than 10.0%
Number of suppliers		3
Wecast Services | Major Suppliers | Accounts payable
Digital currency [line items]
Description of percentage of revenue for major supplier	more than 10.0%	more than 10.0%
Number of suppliers	2	2
Wecast Services | Major Suppliers | Accounts receivables
Digital currency [line items]
Description of percentage of revenue for major supplier	more than 10.0%

Concentration, Credit and Oth_4

Concentration, Credit and Other Risks - Major Customers (Details) - customer	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Revenue, Major Customer [Line Items]
Description of percentage of revenue for major customer	more than 10.0%
Major Customers | Wecast Services | Revenue
Revenue, Major Customer [Line Items]
Description of percentage of revenue for major customer	more than 10.0%	more than 10.0%
Number of customers	1	2
Major Customers | Wecast Services | Accounts receivables
Revenue, Major Customer [Line Items]
Description of percentage of revenue for major customer		more than 10.0%
Number of customers	1
Major Suppliers | Wecast Services | Accounts receivables
Revenue, Major Customer [Line Items]
Description of percentage of revenue for major customer	more than 10.0%

Concentration, Credit and Oth_5

Concentration, Credit and Other Risks (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Bank Deposits [Line Items]
Total	$ 2,631,966	$ 3,106,244
RMB denominated bank deposits | PRC
Bank Deposits [Line Items]
Total	135,899	1,523,622
U.S dollar denominated bank deposits | PRC
Bank Deposits [Line Items]
Total	24,459	133,053
U.S dollar denominated bank deposits | Hong Kong
Bank Deposits [Line Items]
Total	51,240	44,182
U.S dollar denominated bank deposits | Singapore
Bank Deposits [Line Items]
Total	570,373	697,099
U.S dollar denominated bank deposits | USA
Bank Deposits [Line Items]
Total	1,804,124	695,155
HKD denominated bank deposits | Hong Kong
Bank Deposits [Line Items]
Total	7	$ 13,133
Ringgit denominated bank deposits with financial institutions in Malaysia | MALAYSIA
Bank Deposits [Line Items]
Total	229
SGD denominated bank deposits | Singapore
Bank Deposits [Line Items]
Total	$ 45,635

Defined Contribution Plan (Deta

Defined Contribution Plan (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Defined Contribution Plan
Employer matching contribution, percent	100.00%
Defined Contribution Plan, Maximum Annual Contributions Per Employee, Percent	100.00%
Employer matching contribution, amount	$ 27,244	$ 3,242
Maximum [Member]
Defined Contribution Plan
Employer matching contribution pay, percent	4.00%
PRC
Defined Contribution Plan
Employer matching contribution, amount	$ 400,000	$ 500,000

Geographic Areas (Details)

Geographic Areas (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	$ 119,604,441	$ 49,163,069
Singapore
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	64,360,287	42,220,799
USA
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	51,733,413
Hong Kong
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	3,000,000	3,000,000
PRC
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-Lived Assets	$ 510,741	$ 3,942,270

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	Dec. 31, 2019	Jan. 31, 2019
Fair Value Measurements
Acquisition earn-out liability	$ 7,311,129
Level III
Fair Value Measurements
Acquisition earn-out liability		$ 7,311,129

Fair Value Measurements - Signi

Fair Value Measurements - Significant inputs and assumptions (Details)	Dec. 31, 2019USD ($)
Risk free interest rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Contingent consideration liability, measurement input	1.6
Expected volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Contingent consideration liability, measurement input	30
Expected term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Contingent consideration liability, measurement input	0.25
Expected dividend yield [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Contingent consideration liability, measurement input	0

Fair Value Measurements - Recon

Fair Value Measurements - Reconciliation of Level 3 fair value measurements (Details) - Acquisition earn-out liability	12 Months Ended
	Dec. 31, 2019USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Addition	$ (2,217,034)
Remeasurement (loss)/gain recognized in the income statement	(5,094,095)
December 31, 2019	$ (7,311,129)

Subsequent Events (Details)

Subsequent Events (Details) $ / shares in Units, ¥ in Millions, shares in Millions	Jan. 24, 2020CNY (¥)shares	Jan. 24, 2020USD ($)shares	Dec. 31, 2019USD ($)$ / shares	Dec. 31, 2018USD ($)	[1]	Jan. 24, 2020$ / shares
Subsequent Event [Line Items]
Targeted revenue to get 50 million investment | $			$ 44,566,955	$ 377,742,872
Share Price | $ / shares			$ 0.23
GTB quoted price | $ / shares			$ 0.23
Qingdao Xingyang City Investment [Member] | Subsequent Event
Subsequent Event [Line Items]
Aggregate potential investment	¥ 200
Initial investment	50	$ 7,200,000
Electric Commercial Vehicle Sales Agreement [Member]
Subsequent Event [Line Items]
Share Price | $ / shares						$ 2.11
GTB quoted price | $ / shares						$ 2.11
Electric Commercial Vehicle Sales Agreement [Member] | Subsequent Event
Subsequent Event [Line Items]
Aggregate potential investment	200
Investment after start of operation and reaching targeted sales	50
Targeted revenue to get 50 million investment	10
Targeted increase in market value to get 50 million investment	10
Taregeted sale value to get aggregate investment	30
Taregeted market value to get aggregate investment	¥ 30
Number of shares issued | shares	10.9	10.9
Electric Commercial Vehicle Sales Agreement [Member] | Mobile [Member] | Subsequent Event
Subsequent Event [Line Items]
Percentage of ownership interest	10.00%
[1]	The above consolidated statements of operations include Guang Ming. The acquisition of Guang Ming was completed on April 4, 2018 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since November 10, 2016 in accordance with ASC Subtopic 80550 (See Note 6 “Acquisitions and Divestitures”)