Three Months Ended March 31,

2023

2022

Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders

$

4,072,789

$

2,324,129

Less: preferred stock dividends

(2,923)

(2,434)

Net income from continuing operations available to common shares in the determination of basic earnings per common share

4,069,866

2,321,695

Total loss from discontinued operations

(259,163)

(607,314)

Net income available to common shares in the determination of basic earnings per common share

$

3,810,703

$

1,714,381

Weighted average number of common shares in the determination of basic earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders

15,723,595

15,285,523

Plus:

Weighted average number of preferred shares outstanding during the period

34,383

28,635

Potential dilutive effect of unexercised options and unvested stock grants

130,050

121,533

Weighted average number of shares used for determining diluted earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders

15,888,028

15,435,691