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NET LOSS PER SHARE
12 Months Ended
Dec. 31, 2019
NET LOSS PER SHARE  
NET LOSS PER SHARE

14. NET LOSS PER SHARE

For the purpose of calculating net loss per share as a result of the Re‑domiciliation as described in Note 1, the number of shares used in the calculation reflects the outstanding shares of the Company as if the Re‑domiciliation took place at the earliest period presented.

The following table sets forth the computation of basic and diluted net loss per share for the following years:

 

 

 

 

 

 

 

 

 

    

For the years ended December 31,

 

 

2017

 

2018

 

2019

 

    

US$

    

US$

    

US$

Numerator:

 

 

 

 

 

 

Net loss attributable to UP Fintech Holding Limited

 

(7,510,049)

 

(43,207,732)

 

(6,589,431)

Net loss attributable to ordinary shareholders of UP Fintech Holding Limited

 

(7,510,049)

 

(43,207,732)

 

(6,589,431)

Denominator:

 

  

 

  

 

  

Weighted average shares used in calculating net loss per ordinary shares

 

  

 

  

 

  

Basic and diluted

 

443,814,916

 

506,393,198

 

1,751,784,176

Net loss per ordinary shares

 

  

 

  

 

  

Basic and diluted

 

(0.02)

 

(0.09)

 

(0.00)

 

The following table summarizes potential ordinary shares outstanding excluded from the computation of diluted net loss per ordinary share for the years ended December 31, 2017, 2018 and 2019, because their effect is anti-dilutive:

 

 

 

 

 

 

 

 

 

 

For the years ended December 31,

 

 

2017

 

2018

 

2019

 

    

 

    

 

    

 

Share issuable upon exercise of share options

 

103,175,000

 

136,028,000

 

95,933,244

Share issuable upon exercise of RSUs

 

600,000

 

10,800,000

 

28,406,980

Share issuable upon conversion of Series Angel preferred shares

 

419,736,104

 

419,736,104

 

 —

Share issuable upon conversion of Series A preferred shares

 

279,389,307

 

279,389,307

 

 —

Share issuable upon conversion of Series B-1 preferred shares

 

188,378,334

 

188,378,334

 

 —

Share issuable upon conversion of Series B-2 preferred shares

 

76,812,654

 

76,812,654

 

 —

Share issuable upon conversion of Series B-3 preferred shares

 

 —

 

147,755,566

 

 —

Share issuable upon conversion of Series C preferred shares

 

 —

 

98,834,937

 

 —

Share issuable upon conversion of Series C-1 preferred shares

 

 —

 

18,597,738

 

 —