Three months ended
March 31,

2020

2021

Net (loss) income

$

(2,354,111

)

$

29,608,168

Less: Net loss (income) attributable to non-controlling interests

(5,870

)

1,114

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

$

(2,359,981

)

$

29,609,282

Weighted average shares outstanding – basis (note)

53,293,776

84,283,605

Dilutive unvested restricted stock and warrants

-

650,308

Weighted average shares outstanding - diluted

53,293,776

84,933,913

Income (loss) per share of common stock

Basic

$

(0.04

)

$

0.35

Diluted

$

(0.04

)

$

0.35