Three Months Ended March 31,

2022

2021

Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders

$

2,324,129

$

1,301,566

Less: preferred stock dividends

(2,434)

(2,559)

Net income from continuing operations available to common shares in the determination of basic earnings per common share

2,321,695

1,299,007

Loss from discontinued operations

(607,314)

(312,794)

Net income available to common shares in the determination of basic earnings per common share

$

1,714,381

$

986,213

Weighted average number of common shares in the determination of basic earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders

15,285,523

15,201,458

Plus:

Weighted average number of preferred shares outstanding during the period

28,635

30,469

Potential dilutive effect of unexercised options and unvested stock grants

121,533

124,915

Weighted average number of shares used for determining diluted earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders

15,435,691

15,356,842