Note 27 - Loss Per Share

9 Months Ended

Sep. 30, 2016

27.

Loss per share

Basic and diluted loss per share (retroactively restated to reflect the Company’s 1 for 2.5 reverse stock split, which was effective on August 19, 2016) 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 U.S. dollars):

	Nine Months Ended September 30,						Three Months Ended September 30,
	2016			2015			2016			2015
	US$(’000)			US$(’000)			US$(’000)			US$(’000)
	(Unaudited)			(Unaudited)			(Unaudited)			(Unaudited)

Net loss attributable to ChinaNet Online Holdings, Inc. from continuing operations (numerator for basic and diluted loss per share from continuing operations)	$	(4,103	)	$	(4,874	)	$	(1,472	)	$	(1,986	)

Net loss attributable to ChinaNet Online Holdings, Inc. from discontinued operation (numerator for basic and diluted loss per share from discontinued operation)	$	(60	)	$	(204	)	$	-		$	(95	)

Weighted average number of common shares outstanding - Basic		11,353,657			10,675,308			11,358,971			10,765,637
Effect of diluted securities:
Unvested restricted common stocks		-			-			-			-
Common stock purchase options		-			-			-			-
Weighted average number of common shares outstanding -Diluted		11,353,657			10,675,308			11,358,971			10,765,637

Loss per share-Basic and diluted from continuing operations	$	(0.36	)	$	(0.46	)	$	(0.13	)	$	(0.18	)
Loss per share-Basic and diluted from discontinued operations	$	(0.01	)	$	(0.02	)	$	-		$	(0.01	)

For the nine and three months ended September 30, 2016, the diluted loss per share calculation for continuing and discontinued operations did not include options to purchase up to 835,216 shares of the Company’s common stock, because they were out of the money, and did not include 799,571 shares of unvested restricted common stock, because their effect was anti-dilutive, as the Company incurred a loss for the periods from both continuing and discontinued operations.

For the nine and three months ended September 30, 2015, the diluted loss per share calculation for continuing and discontinued operations did not include 1,066,667 shares of unvested restricted common stock, because their effect was anti-dilutive, as the Company incurred a loss for the periods from both continuing and discontinued operations. For the nine and three months ended September 30, 2015, the diluted loss per share calculation for continuing and discontinued operations also did not include exercisable in-the-money options to purchase up to 290,949 shares and 159,080 shares of the Company’s common stock, respectively, because their effect was anti-dilutive, as the Company incurred a loss for the periods from both continuing and discontinued operations.

**The number of unvested restricted common stocks and common stock purchase options discussed in the above paragraphs for all period presented have been retroactively restated to reflect the Company’s 1 for 2.5 reverse stock split, which was effective on August 19, 2016.