China XD Plastics Co Ltd

CIK:0001353970|SEC Filings

Earnings Per Share

12 Months Ended

Dec. 31, 2020

Note 21 – Earnings per share

Basic and diluted earnings per share are calculated as follows:

	Years Ended December 31,
	2020			2019
	US$			US$
Numerator:		(181,700,885	)		3,055,478
Net income (loss) attributable to China XD Plastics Company Limited
Less:		-			(536,164	)
Earnings allocated to participating Series D convertible preferred stock		-			-
Net income (loss) for basic and diluted earnings per share		(181,700,885	)		2,519,314

Denominator:
Denominator for basic earnings per share		44,733,357			55,200,896
Denominator for diluted earnings per share		44,733,357			55,200,896

Earnings per common share:
Basic and diluted earnings per common share		(4.06	)		0.05

The following table summarizes potentially dilutive securities excluded from the calculation of diluted earnings per share for the years ended December 31, 2020 and 2019, because their effects are anti-dilutive:

	Years Ended December 31,
	2020		2019
	US$		US$
Numerator:
Shares issuable upon conversion of Series D convertible preferred stocks		-		11,747,945

Leases - Schedule of Supplemental of Cash Flow Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating cash flows from operating leases	$ 1,525,914	$ 2,084,533