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Income (Loss) Per Share
 9 Months Ended
Sep. 30, 2020
Earnings Per Share [Abstract]  
Income (Loss) Per Share
19. Income (Loss) Per Share

 

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

 

   Three months ended
September 30,		   Nine months ended
September 30,		 
   2019   2020   2019   2020 
Net income (loss)  $(1,787,068)  $41,715   $(6,928,575)  $(3,510,563)
Less: Net loss (income) attributable to non-controlling interests   14,446    2,532    51,177    (2,386)
Net (loss) income attributable to shareholders of CBAK Energy Technology, Inc.   (1,772,622)   44,247    (6,877,398)   (3,512,949)
                     
Weighted average shares outstanding – basic (note)   42,262,408    64,909,894    35,508,896    59,569,498 
Dilutive unvested restricted stock   -    490,164    -    - 
Weighted average shares outstanding – diluted   42,262,408    

65,400,058

    35,508,896    

59,569,498

 
                     
Income (loss) per share of common stock                    
Basic  $(0.04)  $0.00   $(0.19)  $(0.06)
Diluted  $(0.04)  $0.00   $(0.19)  $(0.06)

 

  Note: Including 307,000 vested restricted shares granted pursuant to the 2015 Plan that were not yet issued for the three and nine months ended September 30, 2019; and 284,332 vested restricted shares granted pursuant to the 2015 Plan that were not yet issued for the three and nine months ended September 30, 2020.

 

For the three and nine months ended September 30, 2019, 1,580,000 unvested restricted shares were anti-dilutive and excluded from shares used in the diluted computation.

 

For the nine months ended September 30, 2020, 855,504 unvested restricted shares were anti-dilutive and excluded from shares used in the diluted computation.