v3.26.1
Earnings Per Share
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
EARNINGS PER SHARE

NOTE 17 – EARNINGS PER SHARE

 

The Company reports earnings per share in accordance with the provisions of the FASB’s related accounting standard. This standard requires presentation of basic and diluted earnings per share in conjunction with the disclosure of the methodology used in computing such earnings per share. Basic earnings per share excludes dilution, but includes vested restricted stocks and is computed by dividing income available to shareholders by the weighted average ordinary shares outstanding during the period. Diluted earnings per share takes into account the potential dilution that could occur if securities or other contracts to issue ordinary shares were exercised and converted into ordinary shares.

 

The following is a reconciliation of the basic and diluted earnings per share computation:

 

   For the three months ended
March 31,		 
   2026   2025 
Net income attributable to Greenland Technologies Holding Corporation and subsidiaries  $5,000,480   $4,003,783 
Weighted average basic and diluted computation shares outstanding:          
Weighted average shares used in basic computation   21,753,958    13,594,530 
Diluted effect of stock options and warrants   
—
    
—
 
Weighted average shares used in diluted computation   21,753,958    13,594,530 
Basic and diluted net income per share  $0.23   $0.29 

 

For the three months ended March 31, 2026 and 2025, 4,530,000 shares underlying outstanding warrants to an investor were excluded from the calculation of diluted loss per share as the warrants were anti-dilutive. The exercise price of the warrants is higher than the average price of ordinary shares during the periods, so the warrants is “out-of-the-money” and result in an anti-dilutive effect on earnings per share.