Earnings per share

12 Months Ended

Dec. 31, 2022

Earnings per share

Earnings per share

12. 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:

	Year Ended December 31,
	2022		2021
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders	$	8,227,343	$	3,449,658
Less: preferred stock dividends		(11,532)		(10,796)
Net income from continuing operations available to common shares in the determination of basic earnings per common share		8,215,811		3,438,862
Total loss from discontinued operations		(2,371,049)		(2,574,079)
Net income available to common shares in the determination of basic earnings per common share	$	5,844,762	$	864,783
Weighted average number of common shares in the determination of basic earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders		15,290,509		15,213,816
Plus:
Weighted average number of preferred shares outstanding during the period		31,885		30,348
Potential dilutive effect of unexercised options and unvested stock grants		79,259		65,981
Weighted average number of shares used for determining diluted earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders		15,401,653		15,310,145