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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
CONSOLIDATED STATEMENTS OF INCOME        
Revenue $ 44,237,263 $ 21,067,127 $ 77,106,253 $ 40,625,032
Cost of revenue (including related party expenses of $0 and $640,937 for the three months ended, and $0 and $1,480,369 for the six months ended, June 30, 2023 and 2022, respectively) 28,773,714 13,591,630 51,083,622 26,003,771
Gross profit 15,463,549 7,475,497 26,022,631 14,621,261
General and administrative expenses (including related party expenses of $0 and $24,231 for the three months ended, and $0 and $48,462 for the six months ended, June 30, 2023 and 2022, respectively) 5,984,915 4,926,691 12,021,577 9,792,808
Gain on asset dispositions and impairments, net 1,000 5,280 6,916 17,738
Income from operations 9,479,634 2,554,086 14,007,970 4,846,191
Other income (expense):        
Interest income 86,137 110,916 199,781 291,603
Interest expense (36,247) (2,724) (74,091) (6,805)
Profit-sharing income from OC-BVI 12,150 8,100 26,325 18,225
Equity in the earnings of OC-BVI 35,272 19,551 70,830 51,317
Net gain on put/call options 0 201,000 0 276,000
Other 31,819 61,139 63,345 87,369
Other income, net 129,131 397,982 286,190 717,709
Income before income taxes 9,608,765 2,952,068 14,294,160 5,563,900
Provision for income taxes 1,940,067 10,152 2,389,552 56,425
Net income from continuing operations 7,668,698 2,941,916 11,904,608 5,507,475
Income from continuing operations attributable to non-controlling interests 137,226 232,197 300,347 473,627
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders 7,531,472 2,709,719 11,604,261 5,033,848
Net loss from discontinued operations (207,701) (419,833) (466,864) (1,027,147)
Net income attributable to Consolidated Water Co. Ltd. stockholders $ 7,323,771 $ 2,289,886 $ 11,137,397 $ 4,006,701
Basic earnings (loss) per common share attributable to Consolidated Water Co. Ltd. common stockholders        
Continuing operations $ 0.48 $ 0.18 $ 0.74 $ 0.33
Discontinued operations (0.01) (0.03) (0.03) (0.07)
Basic earnings per share 0.47 0.15 0.71 0.26
Diluted earnings (loss) per common share attributable to Consolidated Water Co. Ltd. common stockholders        
Continuing operations 0.47 0.18 0.73 0.33
Discontinued operations (0.01) (0.03) (0.03) (0.07)
Diluted earnings per share 0.46 0.15 0.70 0.26
Dividends declared per common and redeemable preferred shares $ 0.085 $ 0.085 $ 0.17 $ 0.17
Weighted average number of common shares used in the determination of:        
Basic earnings per share 15,736,041 15,285,523 15,729,852 15,285,523
Diluted earnings per share 15,907,440 15,436,421 15,899,923 15,435,956