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