| Schedule of Earnings Per Share Computation |
The computation of earnings per share for the years ended December 31, 2018, 2019 and 2020 is as follows: | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2018 | | 2019 | | 2020 | | (US$) | | Numerator: | | | | | | | Net income (loss) | $ | 376,116 | | | $ | (6,177,438) | | | $ | (3,114,860) | | | Cumulative undeclared dividends on convertible redeemable preferred shares | (9,961,473) | | | (9,961,473) | | | (6,714,852) | | | Accretion on convertible redeemable preferred shares to redemption value (Note 10) | (33,234,811) | | | (50,714,953) | | | (193,465,743) | | | Net loss attributable to Agora, Inc.’s ordinary shareholders - basic and diluted | (42,820,168) | | | (66,853,864) | | | (203,295,455) | | | Denominator: | | | | | | | Denominator for basic and diluted loss per share weighted-average ordinary shares outstanding | 109,141,311 | | | 115,716,392 | | | 268,849,967 | | | Basic and diluted loss per share | $ | (0.39) | | | $ | (0.58) | | | $ | (0.76) | |
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| Schedule of Antidilutive Ordinary Shares Excluded from Computation of Earnings Per Share |
The following ordinary shares equivalent were excluded from the computation of diluted net loss per ordinary share for the periods presented because including them would have had an anti-dilutive effect: | | | | | | | | | | | | | | | | | | | Year Ended December 31, | | 2018 | | 2019 | | 2020 | | Preferred shares - weighted average | 141,543,341 | | | 167,855,481 | | | 86,731,855 | | | Share options - weighted average | 17,280,175 | | | 26,923,735 | | | 39,846,432 | | | Restricted share - weighted average | 11,358,874 | | | 5,154,272 | | | 479,275 | | Restricted share units - weighted average | — | | | — | | | 32,870 | | VPP shares – weighted average | — | | | — | | | 39,311 | |
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