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(LOSSES) EARNINGS PER SHARE
 6 Months Ended
Jun. 30, 2023
(LOSSES) EARNINGS PER SHARE  
(LOSSES) EARNINGS PER SHARE

11.(LOSSES) EARNINGS PER SHARE

The following table sets forth the computation of basic and diluted losses per share for the six months ended June 30, 2022 and 2023 indicated:

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Six Months Ended June 30, 

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2022

    

2023

Net (loss) income attributable to ordinary shareholders — basic

 

(980)

 

2,005

Eliminate the dilutive effect of interest expense of convertible senior notes

 

—

 

59

Net (loss) income attributable to ordinary shareholders — diluted

 

(980)

 

2,064

Weighted average ordinary shares outstanding — basic

 

3,113,771,581

 

3,180,817,047

Incremental weighted-average ordinary shares from assumed exercise of share options and nonvested restricted stocks using the treasury stock method

 

—

 

47,838,781

Dilutive effect of convertible senior notes

 

—

 

120,601,000

Weighted average ordinary shares outstanding — diluted

 

3,113,771,581

 

3,349,256,828

Basic (losses) earnings per share

 

(0.31)

 

0.63

Diluted (losses) earnings per share

 

(0.31)

 

0.62

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For the six months ended June 30, 2022 and 2023, the Group had securities which could potentially dilute basic earnings per share in the future, but which were excluded from the computation of diluted earnings per share as their effects would have been anti-dilutive. Such outstanding securities consist of the following at non-weighted basis:

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As of

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June 30, 

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June 30, 

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2022

    

2023

Outstanding employee options and nonvested restricted stocks

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85,120,720

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28,625,350

Shares of convertible senior notes

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228,239,310

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—

Total

 

313,360,030

 

28,625,350

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In accordance with ASC Topic 470-20, although legally issued, the loaned ADSs in connection with the “2022 Notes” are not considered outstanding, and then excluded from basic and diluted earnings per share for the six months ended June 30, 2022 unless default of the ADS lending arrangement occurs, at which time the Loaned ADSs would be included in the basic and diluted earnings per share calculation.

All these Loaned ADSs had been returned to the Company with the maturity of 2022 Notes on November 1, 2022 and was accounted for as an increase to the treasury shares.