Note 26 - Earnings per share

9 Months Ended

Sep. 30, 2013

Earnings per share [Abstract]

Earnings Per Share [Text Block]

26. Earnings per share

Basic and diluted earnings per share for each of the periods presented are calculated as follows (All amounts, except number of shares and per share data, are presented in thousands of US dollars):

	Nine months ended September 30,				Three months ended September 30,
	2013		2012		2013		2012
	US$(’000)		US$(’000)		US$(’000)		US$(’000)
	(Unaudited)		(Unaudited)		(Unaudited)		(Unaudited)
Net income attributable to ChinaNet Online Holdings, Inc.  (numerator for basic and diluted earnings per share)	$	1,623	$	1,749	$	1,159	$	1,220
Weighted average number of common shares outstanding – Basic		22,253,463		22,185,226		22,371,649		22,186,540
Effect of diluted securities:
Warrants and options		-		-		-		-
Weighted average number of common shares outstanding – Diluted		22,253,463		22,185,226		22,371,649		22,186,540
Earnings per share-Basic	$	0.07	$	0.08	$	0.05	$	0.05
Earnings per share-Diluted	$	0.07	$	0.08	$	0.05	$	0.05

For the nine months ended September 30, 2013, the diluted earnings per share calculation did not include the warrants and options to purchase up to 2,363,456 and 939,440 shares of common stock, respectively, because these warrants and options were out-of-the-money, that if included would be anti-dilutive.

For the three months ended September 30, 2013, the diluted earnings per share calculation did not include the warrants and options to purchase up to 2,363,456 and 939,440 shares of common stock, respectively, because these warrants and options were out-of-the-money, that if included would be anti-dilutive.

For the nine months ended September 30, 2012, the diluted earnings per share calculation did not include the warrants and options to purchase up to 2,909,390 and 939,440 shares of common stock, respectively, because these warrants and options were out-of-the-money, that if included would be anti-dilutive.

For the three months ended September 30, 2012, the diluted earnings per share calculation did not include the warrants and options to purchase up to 2,719,347 and 939,440 shares of common stock, respectively, because these warrants and options were out-of-the-money, that if included would be anti-dilutive.