Income (Loss) Per Share

9 Months Ended

Sep. 30, 2019

Earnings Per Share [Abstract]

Income (Loss) Per Share

19. Income (Loss) Per Share

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

	Three months ended September 30,					Nine months ended September 30,
	2018		2019			2018		2019
Net income (loss)	$	7,920,563	$	(1,787,068	)	$	1,907,042	$	(6,928,575	)
Less: Net loss attributable to non-controlling interests		7,964		14,446			11,457		51,177
Net (loss) income attributable to shareholders of CBAK Energy Technology, Inc.		7,928,527		(1,772,622	)		1,918,499		(6,877,398	)
Weighted average shares outstanding – basic (note)		26,660,814		42,262,408			26,642,749		35,508,896
Dilutive unvested restricted stock		47,632		-			81,131		-
Weighted average shares outstanding – diluted		26,708,446		42,262,408			26,723,880		35,508,896
Income (loss) per share of common stock
Basic	$	0.30	$	(0.04	)	$	0.07	$	(0.19	)
Diluted	$	0.30	$	(0.04	)	$	0.07	$	(0.19	)

Note: Including 13,338 vested restricted shares granted pursuant to the 2015 Plan that were not yet issued for the three and nine months ended September 30, 2018; and 307,000 vested restricted shares granted pursuant to the 2015 Plan that were not yet issued for the three and nine months ended September 30, 2019.

For the three and nine months ended September 30, 2018, 141,333 unvested restricted shares were anti-dilutive and excluded from shares used in the diluted computation.

For the three and nine months ended September 30, 2019, 1,580,000 unvested restricted shares were anti-dilutive and excluded from shares used in the diluted computation.