v3.26.1
Net Income Per Share
 3 Months Ended
Mar. 31, 2026
Net Income Per Share [Abstract]  
NET INCOME PER SHARE

14. NET INCOME PER SHARE

 

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

 

    Three months ended
March 31,		  
    2025     2026  
Numerator:            
Numerator for basic and diluted income per share from operations   $ 109     $ 424  
Denominator:                
Denominator for basic income per share weighted average ordinary shares outstanding     57,127,524       57,127,524  
Denominator for diluted income per share weighted average ordinary shares outstanding     57,127,524       57,127,524  
                 
Basic income per share from operations   $ 0.0019     $ 0.0074  
Diluted income per share from operations     0.0019       0.0074  
Basic income per ADS from operations (Note i)     0.0380       0.1480  
Diluted income per ADS from operations (Note i)   $ 0.0380     $ 0.1480  

  

(Note i) In February 2024, the Company changed the ratio of its American depositary shares (“ADSs”) to its Class A ordinary shares from one (1) ADS, representing two (2) Class A ordinary shares, to one (1) ADS representing twenty (20) Class A ordinary shares.

 

Basic income per ADS is computed using the weighted-average number of ordinary shares outstanding during the period. Diluted income per ADS is computed using the weighted-average number of ordinary shares and ordinary share equivalents outstanding during the period. Certain outstanding stock options were excluded from the computation of diluted earnings per share because their inclusion would have been anti-dilutive. For the three months ended March 31, 2025 and 2026, approximately 3,120,000 and 3,320,000 shares, respectively, underlying such options were excluded.