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Loss Per Share
6 Months Ended
Jun. 30, 2023
Loss Per Share [Abstract]  
LOSS PER SHARE

NOTE 22 – LOSS PER SHARE

 

Basic and diluted loss per ordinary share is computed using the weighted average number of ordinary shares outstanding during the year. The effects of redeemable non-controlling interest were excluded from the computation of diluted loss per share in each of the applicable years as their effects would be anti-dilutive during the respective year.

 

   For the six months ended
June 30,
 
   2023   2022 
Numerator:        
Net loss  $(5,827,309)  $(7,366,487)
Less: accretion to redemption value of redeemable non-controlling interests   1,986,936    539,610 
foreign currency effect on redemption value of redeemable non-controlling interests   (1,323,203)   314,052 
net (loss) income attributable to non-controlling interests   (1,118,160)   221,835 
Net loss attributable to ordinary shareholders   (5,372,882)   (8,441,984)
           
Denominator:          
Weighted average number of shares outstanding – basic and diluted
   25,361,550    24,528,000 
           
Loss per share – basic and diluted
   (0.21)   (0.34)