IT TECH PACKAGING, INC. Earnings Per Share Disclosure
(14) Earnings Per Share
For the years ended December 31, 2024, and 2023, basic and diluted net income per share are calculated as follows:
| Year Ended December 31, | ||||||||
| 2024 | 2023 | |||||||
| Basic (loss) income per share | ||||||||
| Net (loss) income for the year - numerator | $ | (9,843,094 | ) | $ | (9,946,035 | ) | ||
| Weighted average common stock outstanding - denominator | 10,065,920 | 10,065,920 | ||||||
| Net (loss) income per share | $ | (0.98 | ) | $ | (0.99 | ) | ||
| Diluted (loss) income per share | ||||||||
| Net (loss) income for the year - numerator | $ | (9,843,094 | ) | $ | (9,946,035 | ) | ||
| Weighted average common stock outstanding - denominator | 10,065,920 | 10,065,920 | ||||||
| Effect of dilution | ||||||||
| Weighted average common stock outstanding - denominator | 10,065,920 | 10,065,920 | ||||||
| Diluted loss per share | $ | (0.98 | ) | $ | (0.99 | ) | ||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2024 | Apr 11, 2025 | Showing above |
| 2023 | Mar 27, 2024 | |
| 2022 | Mar 24, 2023 | |
| 2021 | Mar 15, 2022 | |
| 2020 | Mar 23, 2021 | |
| 2019 | Mar 23, 2020 | |
| 2018 | Mar 7, 2019 | |
| 2017 | Apr 17, 2018 | |
| 2016 | Mar 22, 2017 | |
| 2015 | Mar 23, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.