NET INCOME (LOSS) PER SHARE

12 Months Ended

Dec. 31, 2020

NET INCOME (LOSS) PER SHARE

NET INCOME (LOSS) PER SHARE

12. NET INCOME (LOSS) PER SHARE

For the purpose of calculating net income (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 income (loss) per share for the following years:

	For the years ended December 31,
	2018	2019	2020
	US$	US$	US$
Numerator:
Net income (loss) attributable to ordinary shareholders of UP Fintech Holding Limited	(43,207,732)	(6,589,431)	16,064,793
Denominator:
Weighted average shares used in calculating net income (loss) per ordinary shares
Basic	506,393,198	1,751,784,176	2,117,904,025
Diluted	506,393,198	1,751,784,176	2,162,232,325
Net income (loss) per ordinary shares
Basic	(0.09)	(0.00)	0.01
Diluted	(0.09)	(0.00)	0.01

12. NET INCOME (LOSS) PER SHARE (Continued)

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, 2018, 2019, because their effect is anti-dilutive:

	For the years ended December 31,
	2018	2019
Share issuable upon exercise of share options	136,028,000	95,933,244
Share issuable upon exercise of RSUs	10,800,000	28,406,980
Share issuable upon conversion of Series Angel preferred shares	419,736,104	—
Share issuable upon conversion of Series A preferred shares	279,389,307	—
Share issuable upon conversion of Series B-1 preferred shares	188,378,334	—
Share issuable upon conversion of Series B-2 preferred shares	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	—