| Schedule of Earnings (Loss) of Potentially Dilutive Ordinary Shares |
The loss per share calculation for the years ended
December 31, 2025, 2024 and 2023 excludes the following potentially dilutive ordinary shares:
| | |
Years ended December 31, | |
| | |
2025 | | |
2024 | | |
2023 | |
| Class A ordinary shares exercisable from warrants issued pursuant to the Warrant Inducement Offering (as defined below in Note 12) | |
| 453,333 | | |
| 453,333 | | |
| 453,333 | |
| Class A ordinary shares exercisable from warrants issued pursuant to the March 2021 Offering (as defined below in Note 12) | |
| 233,333 | | |
| 233,333 | | |
| 233,333 | |
| Class A ordinary shares issuable from the outstanding restricted share awards(1) | |
| 38,289 | | |
| 38,289 | | |
| 91,419 | |
| Total | |
| 724,955 | | |
| 724,955 | | |
| 778,085 | |
|
| Schedule of Income and Share Data Used in the Basic and Diluted Earnings (Loss) Per Ordinary Share Computations |
The following reflects the loss and share
data used in the basic and diluted loss per ordinary share computations:
| | |
Years ended December 31, | |
| | |
2025 | | |
2024 | | |
2023 | |
| Loss attributable to ordinary shareholders of the Company for basic loss per share calculation | |
$ | (14,093,529 | ) | |
$ | (20,251,051 | ) | |
$ | (36,772,143 | ) |
| Weighted average number of ordinary shares outstanding for basic loss per share calculation | |
| 6,280,616 | | |
| 6,280,616 | | |
| 6,275,118 | |
| Basic loss per share | |
$ | (2.24 | ) | |
$ | (3.22 | ) | |
$ | (5.86 | ) |
| | |
| | | |
| | | |
| | |
| Loss attributable to ordinary shareholders of the Company for diluted loss per share calculation | |
$ | (14,093,529 | ) | |
$ | (20,251,051 | ) | |
$ | (36,772,143 | ) |
| | |
| | | |
| | | |
| | |
| Weighted average number of ordinary shares outstanding basic loss per share calculation | |
| 6,280,616 | | |
| 6,280,616 | | |
| 6,275,118 | |
| Adjusted for: | |
| | | |
| | | |
| | |
| - incremental shares issuable related to warrants issued | |
| - | | |
| - | | |
| - | |
| Weighted average number of shares outstanding for diluted loss per share calculation | |
| 6,280,616 | | |
| 6,280,616 | | |
| 6,275,118 | |
| | |
| | | |
| | | |
| | |
| Diluted loss per share | |
$ | (2.24 | ) | |
$ | (3.22 | ) | |
$ | (5.86 | ) |
|