Earnings per share

6 Months Ended

Jun. 30, 2023

Earnings per share

Earnings per share

4. Earnings per share

Earnings per share (“EPS”) is computed on a basic and diluted basis. Basic EPS is computed by dividing net income (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:

	Three Months Ended June 30,				Six Months Ended June 30,
	2023		2022		2023		2022
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders	$	7,531,472	$	2,709,719	$	11,604,261	$	5,033,848
Less: preferred stock dividends		(4,087)		(3,250)		(7,010)		(5,684)
Net income from continuing operations available to common shares in the determination of basic earnings per common share		7,527,385		2,706,469		11,597,251		5,028,164
Total loss from discontinued operations		(207,701)		(419,833)		(466,864)		(1,027,147)
Net income available to common shares in the determination of basic earnings per common share	$	7,319,684	$	2,286,636	$	11,130,387	$	4,001,017
Weighted average number of common shares in the determination of basic earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders		15,736,041		15,285,523		15,729,852		15,285,523
Plus:
Weighted average number of preferred shares outstanding during the period		34,695		29,049		34,540		28,843
Potential dilutive effect of unexercised options and unvested stock grants		136,704		121,849		135,531		121,590
Weighted average number of shares used for determining diluted earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders		15,907,440		15,436,421		15,899,923		15,435,956