The
following table sets forth the computation of the basic and diluted earnings per share for the years ended December 31, 2022, 2021, and
2020:
Schedule
of Earnings Per Share, Basic and Diluted
| | |
2022 | | |
2021 | | |
2020 | |
| | |
Twelve
months ended December 31, | |
| | |
2022 | | |
2021 | | |
2020 | |
| Numerator
for basic and diluted earnings per shares | |
| | | |
| | | |
| | |
| Net
Income | |
| 156,412 | | |
$ | 68,428 | | |
$ | 23,841 | |
| | |
| | | |
| | | |
| | |
| Denominator | |
| | | |
| | | |
| | |
| Denominator for basic
earnings per ordinary share - weighted average shares outstanding | |
| 47,674,773 | | |
| 47,674,773 | | |
| 46,398,428 | |
| Effect
of dilutive securities and stock dividend | |
| - | | |
| - | | |
| - | |
| Denominator
for diluted earnings per ordinary share - weighted average shares outstanding | |
| 47,674,773 | | |
| 47,674,773 | | |
| 46,398,428 | |
| Basic earnings per
ordinary share | |
| 3.28 | | |
$ | 1.44 | | |
$ | 0.51 | |
| Diluted earnings
per ordinary share | |
| 3.28 | | |
$ | 1.44 | | |
$ | 0.51 | |
|