Note 23 - Loss Per Share

3 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Earnings Per Share [Text Block]

23. Loss per share

Basic and diluted loss 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 U.S. dollars):

	Three Months Ended March 31,
	2017			2016
	US$(’000)			US$(’000)
	(Unaudited)			(Unaudited)
Net loss attributable to ChinaNet Online Holdings, Inc. from continuing operations (numerator for basic and diluted loss per share from continuing operations)	$	(1,087	)	$	(1,365	)
Net loss attributable to ChinaNet Online Holdings, Inc. from discontinued operation (numerator for basic and diluted loss per share from discontinued operation)	$	-		$	(46	)
Weighted average number of common shares outstanding -Basic and diluted		11,982,504			11,342,971
Loss per share-Basic and diluted from continuing operations	$	(0.09	)	$	(0.12	)
Loss per share-Basic and diluted from discontinued operations	$	-		$	-

For the

three

months ended

March

31,

2017,

the diluted loss per share calculation for continuing 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

266,238

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

For the

three

months ended

March

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

799,570

shares of unvested restricted common stock, because their effect was anti-dilutive, as the Company incurred a loss for the period 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 the

three

months ended

March

31,

2016

have been retroactively restated to reflect the Company’s

1

for

2.5

reverse stock split, which was effective on

August

19,

2016.