| Schedule of Basic and Diluted (Loss) Earnings Per Ordinary Share |
The Company treats the entire measurement adjustment
to redemption value of the redeemable non-controlling interest under ASC 480-10-S99-3A as being akin to a dividend, which affected in
the calculation of loss available to ordinary shareholders of the Company used in the EPS calculation.
| | |
For the years ended December 31, | |
| | |
2025 | | |
2024 | | |
2023 | |
| Numerator: | |
| | |
| | |
| |
| Net loss | |
$ | (26,659,381 | ) | |
$ | (17,981,164 | ) | |
$ | (32,920,724 | ) |
| Less: accretion to redemption value of redeemable non-controlling interests | |
| - | | |
| 1,792,027 | | |
| 3,920,454 | |
| foreign currency effect on redemption value of redeemable non-controlling interests | |
| - | | |
| (808,100 | ) | |
| (605,597 | ) |
| net loss attributable to non-controlling interests | |
| (10,023,801 | ) | |
| (6,204,728 | ) | |
| (8,688,144 | ) |
| Net loss attributable to ordinary shareholders | |
$ | (16,635,580 | ) | |
$ | (12,760,363 | ) | |
$ | (27,547,437 | ) |
| | |
| | | |
| | | |
| | |
| Denominator: | |
| | | |
| | | |
| | |
| Weighted average number of shares outstanding – basic and diluted | |
| 29,043,280 | | |
| 26,404,589 | | |
| 25,622,195 | |
| Loss per share – basic and diluted | |
| (0.57 | ) | |
| (0.48 | ) | |
| (1.08 | ) |
|