XML 53 R34.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Earnings (loss) per share (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Earnings (Loss) Per Share [Abstract] |
Schedule of Earnings (Loss) of Potentially Dilutive Ordinary Shares | The earnings (loss) calculation for the years ended December 31, 2023, 2022 and 2021 excludes the following potentially dilutive ordinary shares:
|  | Years ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Class A ordinary shares exercisable from warrants issued pursuant to the Warrant Inducement Offering (as defined below in Note 12)(1) |  |  | 453,333 |  |  |  | 453,333 |  |  |  | 453,333 |
Class A ordinary shares exercisable from warrants issued pursuant to the March 2021 Offering (as defined below in Note 12)(1) |  |  | 233,333 |  |  |  | 233,333 |  |  |  | 233,333 |
Class A ordinary shares issuable from the outstanding restricted share awards(1) |  |  | 91,419 |  |  |  | 133,067 |  |  |  | 53,000 |
Total |  |  | 778,085 |  |  |  | 819,733 |  |  |  | 739,666 |
(1) | Retrospectively adjusted for the effect of the Reverse Stock Split effected on November 20, 2022. See Note 12.
Schedule of Income and Share Data Used in the Basic and Diluted Earnings (Loss) Per Ordinary Share Computations | The following reflects the income/(loss) and share data used in the basic and diluted earnings (loss) per ordinary share computations:
|  | Years ended December 31, |
|  | 2023 |  |  | 2022 |  |  | 2021 |
Earnings (loss) attributable to ordinary shareholders of the Company for basic earnings (loss) per share calculation |  | $ | (36,772,143 | ) |  | $ | (43,888,242 | ) |  | $ | 4,430,941 |
Weighted average number of ordinary shares outstanding for basic earnings (loss) per share calculation(1) |  |  | 6,275,118 |  |  |  | 6,247,333 |  |  |  | 5,923,845 |
Basic earnings (loss) per share(1) |  | $ | (5.86 | ) |  | $ | (7.03 | ) |  | $ | 0.75 |
Earnings (loss) attributable to ordinary shareholders of the Company for diluted earnings (loss) per share calculation |  | $ | (36,772,143 | ) |  | $ | (43,888,242 | ) |  | $ | 4,430,941 |
Weighted average number of ordinary shares outstanding basic earnings (loss) per share calculation(1) |  |  | 6,275,118 |  |  |  | 6,247,333 |  |  |  | 5,923,845 |
Adjusted for: |  |  |  |  |  |  |  |  |  |  |  |
- incremental shares issuable related to warrants issued(1) |  |  | - |  |  |  | - |  |  |  | 5,013 |
Weighted average number of shares outstanding for diluted earnings (loss) per share calculation(1) |  |  | 6,275,118 |  |  |  | 6,247,333 |  |  |  | 5,928,858 |
Diluted earnings (loss) per share(1) |  | $ | (5.86 | ) |  | $ | (7.03 | ) |  | $ | 0.75 |
(1) | Retrospectively adjusted for the effect of the Reverse Stock Split effected on November 20, 2022. See Note 12.

X
- References No definition available. + Details
Name: | us-gaap_EarningsPerShareAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfAntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
Name: | us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration