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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
CONDENSED CONSOLIDATED STATEMENTS OF INCOME        
Revenue $ 25,051,705 $ 16,413,146 $ 65,676,737 $ 50,217,987
Cost of revenue (including purchases from related parties of $685,481 and $104,813 for the three months ended, and $2,165,850 and $390,196 for the nine months ended, September 30, 2022 and 2021, respectively) 18,207,932 10,722,547 44,211,703 32,336,025
Gross profit 6,843,773 5,690,599 21,465,034 17,881,962
General and administrative expenses (including purchases from related parties of $24,231 and $24,231 for the three months ended, and $72,693 and $52,959 for the nine months ended, September 30, 2022 and 2021, respectively) 5,610,650 4,359,040 15,403,458 13,847,830
Gain on asset dispositions 3,499 612 21,237 (3,144,961)
Income (loss) from operations 1,236,622 1,332,171 6,082,813 889,171
Other income (expense):        
Interest income 56,701 168,880 348,304 503,889
Interest expense (2,042) (2,216) (8,847) (7,714)
Profit-sharing income from OC-BVI 6,075 6,075 24,300 16,200
Equity in the earnings of OC-BVI 19,921 17,717 71,238 44,223
Net unrealized gain on put/call options (247,000) (54,000) 29,000 108,000
Other (2,635) 15,712 84,734 35,292
Other income (expense), net (168,980) 152,168 548,729 699,890
Income (loss) before income taxes 1,067,642 1,484,339 6,631,542 1,589,061
Income tax provision (benefit) 26,616 (11,230) 83,041 (20,735)
Net income from continuing operations 1,041,026 1,495,569 6,548,501 1,609,796
Income from continuing operations attributable to non-controlling interests 217,415 131,609 691,042 457,540
Net income (loss) from continuing operations attributable to Consolidated Water Co. Ltd. stockholders 823,611 1,363,960 5,857,459 1,152,256
Loss from discontinued operations (505,917) (1,078,367) (1,533,064) (1,542,540)
Net income (loss) attributable to Consolidated Water Co. Ltd. stockholders $ 317,694 $ 285,593 $ 4,324,395 $ (390,284)
Basic earnings (loss) per common share attributable to Consolidated Water Co. Ltd. common stockholders        
Continuing operations $ 0.05 $ 0.09 $ 0.38 $ 0.07
Discontinued operations (0.03) (0.07) (0.10) (0.10)
Basic earnings per share 0.02 0.02 0.28 (0.03)
Diluted earnings (loss) per common share attributable to Consolidated Water Co. Ltd. common stockholders        
Continuing operations 0.05 0.09 0.38 0.07
Discontinued operations (0.03) (0.07) (0.10) (0.10)
Diluted earnings per share 0.02 0.02 0.28 (0.03)
Dividends declared per common and redeemable preferred shares $ 0.085 $ 0.085 $ 0.255 $ 0.255
Weighted average number of common shares used in the determination of:        
Basic earnings per share 15,290,597 15,209,432 15,287,233 15,204,220
Diluted earnings per share 15,450,276 15,351,882 15,440,261 15,345,120