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Net Income (Loss) Per Share
 6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Net Income (Loss) Per Share [Abstract]    
NET INCOME (LOSS) PER SHARE

15. NET INCOME (LOSS) PER SHARE

 

The following table sets forth the basic and diluted net income (loss) per share computation and provides a reconciliation of the numerator and denominator for the periods presented:

 

   For the Six Months Ended
June 30,		 
   2022   2023 
Numerator:        
Net income (loss) from continuing operations attributable to SunCar Technology’s ordinary shareholders  $3,155   $(3,379)
Net loss from discontinued operations attributable to SunCar Technology’s ordinary shareholders   (1,030)   
-
 
Numerator for basic and diluted net income (loss) per share calculation  $2,125   $(3,379)
           
Denominator:          
Weighted average number of ordinary shares   80,000,000    81,374,609 
           
Net income (loss) from continuing operation attributable to SunCar Technology’s ordinary shareholders per ordinary share          
—Basic and diluted
  $0.04   $(0.04)
           
Net loss from discontinued operation attributable to SunCar Technology’s ordinary shareholders per ordinary share          
—Basic and diluted
  $(0.01)  $0.00 
           
Net income (loss) attributable to SunCar Technology’s ordinary shareholders per ordinary share          
—Basic and diluted
  $0.03   $(0.04)
17. NET INCOME (LOSS) PER SHARE

 

The following table sets forth the basic and diluted net income (loss) per share computation and provides a reconciliation of the numerator and denominator for the years presented:

 

   For the year ended December 31, 
   2020   2021   2022 
Numerator:            
Net income/(loss) from continuing operations attributable to SunCar’s ordinary shareholders  $3,403   $3,942   $(5,675)
Net loss from discontinued operations attributable to SunCar’s ordinary shareholders   (16,396)   (27,663)   (994)
Numerator for basic and diluted net loss per share calculation  $(12,993)  $(23,721)  $(6,669)
                
Denominator:               
Weighted average number of ordinary shares   225,000,000    225,000,000    225,000,000 
Incremental weighted average number of ordinary shares from assumed conversion of preferred shares using if-converted method   193,668,614    193,668,614    193,668,614 
                
Net income/(loss) from continuing operations attributable to SunCar’s ordinary shareholders per ordinary share               
—Basic  $0.01   $0.01   $(0.03)
—Diluted  $0.01   $0.01   $(0.03)
                
Net loss from discontinued operations attributable to SunCar’s ordinary shareholders per ordinary share               
—Basic and diluted
  $(0.07)  $(0.12)  $0.00 
                
Net loss attributable to SunCar’s ordinary shareholders per ordinary share               
—Basic and diluted
  $(0.06)  $(0.11)  $(0.03)

 

For the years ended December 31, 2020, 2021 and 2022, 193,668,614, 193,668,614 and 193,668,614 shares issuable upon conversion of convertible preferred shares were excluded from the calculation of basic and diluted net loss per ordinary share, as the convertible preferred shares have no contractual obligation to fund or otherwise absorb the Group’s losses.