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Income (Loss) Per Share
9 Months Ended
Sep. 30, 2022
Income (Loss) 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
September 30,
   Nine months ended
September 30,
 
   2021   2022   2021   2022 
Net income (loss)  $20,023,221   $(848,728)  $52,351,612   $848,040 
Less: Net (income) loss attributable to non-controlling interests   (3,487)   848,438    (21,995)   401,313 
Net income (loss) attributable to shareholders of CBAK Energy Technology, Inc.  $20,019,734   $(290)  $52,329,617   $1,249,353 
                     
Weighted average shares outstanding – basic (note)   88,419,998    88,996,692    87,043,490    88,900,977 
Dilutive unvested restricted stock   289,212    -    305,520    22,288 
Weighted average shares outstanding - diluted   88,709,210    88,996,692    87,349,010    88,923,265 
                     
Income (loss) per share                    
- Basic  $0.23   $(0.00)*  $0.60   $0.01 
- Diluted  $0.23   $(0.00)*  $0.60   $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 September 30, 2021 and 2022.

 

For the three and nine months ended September 30, 2021, 9,092,499 shares purchasable under warrants were excluded from EPS calculation, as their effects were anti-dilutive.

 

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