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Accordingly, the Company believes that Kandi New Energy was constructively held underneath widespread control by Zhejiang Kandi Technologies as of the time the contractual agreements have been entered into, establishing Zhejiang Kandi Technologies as their primary beneficiary. The Company calculates earnings per share in accordance with ASC 260, Earnings Per Share, which requires a dual presentation of fundamental and diluted earnings per share. Zhejiang Kandi Technologies, in flip, is owned by Continental, which is owned by the Compan Due to the common market worth of the common stock through the interval below the train worth of the choices, roughly 900,000 options and 8,131,332 warrants have been excluded from the calculation of diluted earnings per share, for the 12 months ended December 31, 2021. Basic earnings per share are computed using the weighted common variety of shares excellent through the reporting interval. Diluted earnings per share represents basic earnings per share adjusted to include the possibly dilutive effect of excellent inventory choices and warrants .