Earnings per share

9 Months Ended

Sep. 30, 2022

Earnings per share

Earnings per share

4. Earnings per share

Earnings per share (“EPS”) is computed on a basic and diluted basis. Basic EPS is computed by dividing net income (loss) (less preferred stock dividends) available to common stockholders by the weighted average number of common shares outstanding during the period. The computation of diluted EPS assumes the issuance of common shares for all potential common shares outstanding during the reporting period and, if dilutive, the effect of stock options as computed under the treasury stock method.

The following summarizes information related to the computation of basic and diluted EPS:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2022		2021		2022		2021
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders	$	823,611	$	1,363,960	$	5,857,459	$	1,152,256
Less: preferred stock dividends		(2,925)		(2,628)		(8,609)		(8,362)
Net income from continuing operations available to common shares in the determination of basic earnings per common share		820,686		1,361,332		5,848,850		1,143,894
Loss from discontinued operations		(505,917)		(1,078,367)		(1,533,064)		(1,542,540)
Net income (loss) available to common shares in the determination of basic earnings per common share	$	314,769	$	282,965	$	4,315,786	$	(398,646)
Weighted average number of common shares in the determination of basic earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders		15,290,597		15,209,432		15,287,233		15,204,220
Plus:
Weighted average number of preferred shares outstanding during the period		35,366		31,861		31,041		30,701
Potential dilutive effect of unexercised options and unvested stock grants		124,313		110,589		121,987		110,199
Weighted average number of shares used for determining diluted earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders		15,450,276		15,351,882		15,440,261		15,345,120