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NET LOSS PER SHARE
 12 Months Ended
Dec. 31, 2022
NET LOSS PER SHARE [Abstract]  
NET LOSS PER SHARE
NOTE 18 - NET LOSS PER SHARE
 
For the year ended December 31, 2021, for the purpose of calculating net loss per share as a result of the reverse recapitalization as described in Note 1, the weighted-average number of shares used in the calculation reflects the outstanding shares of CEGL as if the equity structure of Cenntro (the accounting acquirer) was retroactively stated to reflect the number of shares of CEGL (the accounting acquiree) issued in the Combination.

Basic and diluted net loss per share for each of the year presented were calculated as follows:

   
For the Years Ended December 31,
  
   
2022
    
2021
  
Numerator:            
Net loss attributable to the Company’s shareholders
    
(110,088,241
)
    
(16,421,807
)
Denominator:
                
Weighted average ordinary shares used in computing basic and diluted loss per share
    
263,323,238
      
175,090,266
  
Basic and diluted net loss per share
    
(0.42
)
    
(0.09
)

The Company incurred losses for the years ended December 31, 2022 and 2021, no potential ordinary shares were anti-dilutive and excluded from the calculation of diluted net loss per share of the Company.