XML 14 R4.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CONSOLIDATED STATEMENTS OF INCOME    
Revenue $ 32,868,990 $ 19,557,905
Cost of revenue (including purchases from related parties of $- in 2023 and $839,432 in 2022) 22,309,908 12,412,141
Gross profit 10,559,082 7,145,764
General and administrative expenses (including purchases from related parties of $- in 2023 and $24,231 in 2022) 6,036,662 4,866,117
Loss on asset dispositions and impairments, net 5,916 12,458
Income from operations 4,528,336 2,292,105
Other income (expense):    
Interest income 113,644 180,687
Interest expense (37,844) (4,081)
Profit-sharing income from OC-BVI 14,175 10,125
Equity in the earnings of OC-BVI 35,558 31,766
Net gain on put/call options 0 75,000
Other 31,526 26,230
Other income, net 157,059 319,727
Income before income taxes 4,685,395 2,611,832
Provision for income taxes 449,485 46,273
Net income from continuing operations 4,235,910 2,565,559
Income from continuing operations attributable to non-controlling interests 163,121 241,430
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders 4,072,789 2,324,129
Total loss from discontinued operations (259,163) (607,314)
Net income attributable to Consolidated Water Co. Ltd. stockholders $ 3,813,626 $ 1,716,815
Basic earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders    
Continuing operations $ 0.26 $ 0.15
Discontinued operations (0.02) (0.04)
Basic earnings per share 0.24 0.11
Diluted earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders    
Continuing operations 0.26 0.15
Discontinued operations (0.02) (0.04)
Diluted earnings per share 0.24 0.11
Dividends declared per common and redeemable preferred shares $ 0.085 $ 0.085
Weighted average number of common shares used in the determination of:    
Basic earnings per share 15,723,595 15,285,523
Diluted earnings per share 15,888,028 15,435,691