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

)