Three months ended
September 30,

Nine months ended
September 30,

2018

2019

2018

2019

Net income (loss)

$

7,920,563

$

(1,787,068

)

$

1,907,042

$

(6,928,575

)

Less: Net loss attributable to non-controlling interests

7,964

14,446

11,457

51,177

Net (loss) income attributable to shareholders of CBAK Energy Technology, Inc.

7,928,527

(1,772,622

)

1,918,499

(6,877,398

)

Weighted average shares outstanding – basic (note)

26,660,814

42,262,408

26,642,749

35,508,896

Dilutive unvested restricted stock

47,632

-

81,131

-

Weighted average shares outstanding – diluted

26,708,446

42,262,408

26,723,880

35,508,896

Income (loss) per share of common stock

Basic

$

0.30

$

(0.04

)

$

0.07

$

(0.19

)

Diluted

$

0.30

$

(0.04

)

$

0.07

$

(0.19

)