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Income (Loss) Per Share

9 Months Ended

Sep. 30, 2018

18.

Income (Loss) Per Share

The following is the calculation of income (loss) per share:

		Three months ended September 30,					Nine months ended September 30,
		2017			2018		2017			2018
Net (loss) income	$	(4,202,753	)	$	7,920,563	$	(10,024,349	)	$	1,907,042
Less: Net loss attributable to non-controlling interests		-			7,964		-			11,457
Net (loss) income attributable to shareholders of CBAK Energy Technology, Inc.		(4,202,753	)		7,928,527		(10,024,349	)		1,918,499

Weighted average shares outstanding – basic (note)		26,334,918			26,660,814		22,174,315			26,642,749
Dilutive unvested restricted stock		-			47,632		-			81,131
Weighted average shares outstanding – diluted		26,334,918			26,708,446		22,174,315			26,723,880

(Loss) income per share of common stock
Basic	$	(0.16	)	$	0.30	$	(0.45	)	$	0.07
Diluted	$	(0.16	)	$	0.30	$	(0.45	)	$	0.07

Note:

Including 166,003 vested restricted shares granted pursuant to the 2015 Plan that were not yet issued for the three and nine months ended September 30, 2017; and 13,338 vested restricted shares granted pursuant to the 2015 Plan that were not yet issued for the three and nine months ended September 30, 2018.

For the three and nine months ended September 30, 2017, 424,666 unvested restricted shares were anti-dilutive and excluded from shares used in the diluted computation.