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Income (Loss) Per Share
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Income (Loss) Per Share

24. Income (Loss) Per Share

  

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

  

    Three months ended
June 30,
    Six months ended
June 30,
 
    2021     2022     2021     2022  
Net income   $ 2,720,223     $ 1,016,265     $ 32,328,391     $ 1,696,768  
Less: Net income attributable to non-controlling interests     (19,622 )     (211,075 )     (18,508 )     (447,125 )
Net income attributable to shareholders of CBAK Energy Technology, Inc.   $ 2,700,601     $ 805,190     $ 32,309,883     $ 1,249,643  
                                 
Weighted average shares outstanding – basic (note)     88,411,583       89,007,924       86,347,656       88,852,594  
Dilutive unvested restricted stock     582,256       -       591,230       -  
Weighted average shares outstanding - diluted     88,993,839       89,007,924       86,938,886       88,852,594  
                                 
Income per share                                
- Basic   $ 0.02     $ 0.00 *   $ 0.37     $ 0.01  
- Diluted   $ 0.02     $ 0.00 *   $ 0.37     $ 0.01  

  

* Less than $0.01 per share

  

Note: Including 5,834 vested restricted shares granted pursuant to the 2015 Plan that were not yet issued as of June 30, 2021 and 2022.

  

For the three and six months ended June 30, 2021, 1,154,002 unvested restricted shares were anti-dilutive and excluded from shares used in the diluted computation.

  

For the three and six months ended June 30, 2022, 2,750,002 unvested options and all the outstanding warrants were anti-dilutive and excluded from shares used in the diluted computation.