Three months ended
September 30,

Nine months ended
September 30,

2020

2021

2020

2021

Net income (loss)

$

41,715

$

20,023,221

$

(3,510,563

)

$

52,351,612

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

2,532

(3,487

)

(2,386

)

(21,995

)

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

44,247

20,019,734

(3,512,949

)

52,329,617

Weighted average shares outstanding – basic (note)

64,909,894

88,419,998

59,569,498

87,043,490

Dilutive unvested restricted stock

490,164

289,212

-

305,520

Weighted average shares outstanding – diluted

65,400,058

88,709,210

59,569,498

87,349,010

Income (loss) per share of common stock

Basic

$

0.00

$

0.23

$

(0.06

)

$

0.60

Diluted

$

0.00

$

0.23

$

(0.06

)

$

0.60