Note 28 - Loss Per Share

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Earnings Per Share [Text Block]

28. Loss per share

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

	Year Ended December 31,
	2016			2015
	US$(’000)			US$(’000)
Net loss attributable to ChinaNet Online Holdings, Inc. from continuing operations (numerator for basic and diluted loss per share from continuing operations)	$	(6,433	)	$	(7,627	)
Net loss attributable to ChinaNet Online Holdings, Inc. from discontinued operation (numerator for basic and diluted loss per share from discontinued operation)		(59	)		(1,465	)
Weighted average number of common shares outstanding – Basic and diluted		11,357,907			10,706,521
Loss per share -Basic and diluted from continuing operations	$	(0.57	)	$	(0.71	)
Loss per share -Basic and diluted from discontinued operation	$	(0.01	)	$	(0.14	)

For the year ended

December

31,

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 a weighted average number of

796,657

shares of unvested restricted common stock, because their effect was anti-dilutive, as the Company incurred a loss for the year from both continuing and discontinued operations.

For the year ended

December

31,

2015,

the diluted loss per share calculation for continuing and discontinued operations did not include a weighted average number of

1,063,744

shares of unvested restricted common stock and a weighted average number of exercisable in-the-money options to purchase up to

225,023

shares of the Company’s common stock, respectively, because their effect was anti-dilutive, as the Company incurred a loss for the year from both continuing and discontinued operations.

** Weighted average number of shares outstanding and per share amounts, number of unvested restricted common stocks and common stock purchase options discussed in the above tables and 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.