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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
CONDENSED CONSOLIDATED STATEMENTS OF INCOME        
Revenue $ 21,067,127 $ 16,701,524 $ 40,625,032 $ 33,804,841
Cost of revenue (including purchases from related parties of $640,937 and $129,401 for the three months ended, and $1,480,369 and $285,383 for the six months ended, June 30, 2022 and 2021, respectively) 13,591,630 10,636,671 26,003,771 21,613,478
Gross profit 7,475,497 6,064,853 14,621,261 12,191,363
General and administrative expenses (including purchases from related parties of $24,231 and $24,299 for the three months ended, and $48,462 and $28,728 for the six months ended, June 30, 2022 and 2021, respectively) 4,926,691 4,724,304 9,792,808 9,488,790
Gain (loss) on asset dispositions and impairments, net 5,280 (2,896,640) 17,738 (3,145,573)
Income (loss) from operations 2,554,086 (1,556,091) 4,846,191 (443,000)
Other income (expense):        
Interest income 110,916 174,645 291,603 335,009
Interest expense (2,724) (2,638) (6,805) (5,498)
Profit-sharing income from OC-BVI 8,100 4,050 18,225 10,125
Equity in the earnings of OC-BVI 19,551 10,726 51,317 26,506
Net unrealized gain on put/call options 201,000 31,000 276,000 162,000
Other 61,139 15,331 87,369 19,580
Other income, net 397,982 233,114 717,709 547,722
Income (loss) before income taxes 2,952,068 (1,322,977) 5,563,900 104,722
Income tax provision (benefit) 10,152 (6,845) 56,425 (9,505)
Net income (loss) from continuing operations 2,941,916 (1,316,132) 5,507,475 114,227
Income from continuing operations attributable to non-controlling interests 232,197 197,138 473,627 325,931
Net income (loss) from continuing operations attributable to Consolidated Water Co. Ltd. stockholders 2,709,719 (1,513,270) 5,033,848 (211,704)
Loss from discontinued operations (419,833) (151,379) (1,027,147) (464,173)
Net income (loss) attributable to Consolidated Water Co. Ltd. stockholders $ 2,289,886 $ (1,664,649) $ 4,006,701 $ (675,877)
Basic earnings (loss) per common share attributable to Consolidated Water Co. Ltd. common stockholders        
Continuing operations $ 0.18 $ (0.10) $ 0.33 $ (0.01)
Discontinued operations (0.03) (0.01) (0.07) (0.03)
Basic earnings per share 0.15 (0.11) 0.26 (0.04)
Diluted earnings (loss) per common share attributable to Consolidated Water Co. Ltd. common stockholders        
Continuing operations 0.18 (0.10) 0.33 (0.01)
Discontinued operations (0.03) (0.01) (0.07) (0.03)
Diluted earnings per share 0.15 (0.11) 0.26 (0.04)
Dividends declared per common and redeemable preferred shares $ 0.085 $ 0.085 $ 0.26 $ 0.26
Weighted average number of common shares used in the determination of:        
Basic earnings per share 15,285,523 15,201,682 15,285,523 15,201,571
Diluted earnings per share 15,436,421 15,201,682 15,435,956 15,201,571