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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Retail revenues $ 5,447,200 $ 5,828,288 $ 17,710,271 $ 18,116,111
Bulk revenues 7,429,732 7,919,920 22,136,086 24,489,509
Services revenues 1,508,421 857,441 3,972,403 1,151,810
Total revenues 14,385,353 14,605,649 43,818,760 43,757,430
Cost of retail revenues 2,464,841 2,640,458 7,779,831 8,065,019
Cost of bulk revenues 4,922,162 5,661,247 14,345,747 16,777,236
Cost of services revenues 1,079,027 662,201 3,004,449 1,159,836
Total cost of revenues 8,466,030 8,963,906 25,130,027 26,002,091
Gross profit 5,919,323 5,641,743 18,688,733 17,755,339
General and administrative expenses 4,528,679 3,487,967 13,925,439 11,042,507
Impairment loss on long-lived assets 2,000,000 0 2,000,000 0
Impairment of goodwill 1,750,000 0 1,750,000 0
Income (loss) from operations (2,359,356) 2,153,776 1,013,294 6,712,832
Other income (expense):        
Interest income 137,806 270,830 514,532 762,613
Interest expense (1,246) (66,566) (95,615) (204,027)
Profit sharing income from OC-BVI 38,475 28,350 87,075 76,950
Equity in earnings of OC-BVI 101,301 73,294 232,523 211,117
Impairment loss on investment in OC-BVI (875,000) (225,000) (925,000) (810,000)
Unrealized loss on put/call option (275,000) 0 (275,000) 0
Other 110,968 (383,511) 507,183 (530,618)
Other income (expense), net (762,696) (302,603) 45,698 (493,965)
Income (loss) before income taxes (3,122,052) 1,851,173 1,058,992 6,218,867
Provision for (benefit from) income taxes (146,198) 0 (389,860) 0
Net income (loss) (2,975,854) 1,851,173 1,448,852 6,218,867
Income (loss) attributable to non-controlling interests (1,110,522) 75,673 (944,790) 294,006
Net income (loss) attributable to Consolidated Water Co. Ltd. stockholders $ (1,865,332) $ 1,775,500 $ 2,393,642 $ 5,924,861
Basic earnings (loss) per common share attributable to Consolidated Water Co. Ltd. common stockholders (in dollars per share) $ (0.13) $ 0.12 $ 0.16 $ 0.40
Diluted earnings (loss) per common share attributable to Consolidated Water Co. Ltd. common stockholders (in dollars per share) (0.13) 0.12 0.16 0.40
Dividends declared per common share (in dollars per share) $ 0.075 $ 0.075 $ 0.225 $ 0.225
Weighted average number of common shares used in the determination of:        
Basic earnings per share (in shares) 14,815,248 14,749,249 14,803,216 14,734,799
Diluted earnings per share (in shares) 14,852,967 14,802,322 14,940,635 14,787,904