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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
CONSOLIDATED STATEMENTS OF INCOME        
Revenue $ 49,854,075 $ 25,051,705 $ 126,960,328 $ 65,676,737
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) 33,239,647 18,207,932 84,323,269 44,211,703
Gross profit 16,614,428 6,843,773 42,637,059 21,465,034
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) 5,872,490 5,610,650 17,894,067 15,403,458
Gain on asset dispositions and impairments, net   3,499 6,916 21,237
Income from operations 10,741,938 1,236,622 24,749,908 6,082,813
Other income (expense):        
Interest income 196,567 56,701 396,348 348,304
Interest expense (34,020) (2,042) (108,111) (8,847)
Profit-sharing income from OC-BVI 12,150 6,075 38,475 24,300
Equity in the earnings of OC-BVI 37,182 19,921 108,012 71,238
Net gain on put/call options 0 (247,000) 0 29,000
Other 24,187 (2,635) 87,532 84,734
Other income, net 236,066 (168,980) 522,256 548,729
Income before income taxes 10,978,004 1,067,642 25,272,164 6,631,542
Provision for income taxes 1,976,453 26,616 4,366,005 83,041
Net income from continuing operations 9,001,551 1,041,026 20,906,159 6,548,501
Income from continuing operations attributable to non-controlling interests 163,428 217,415 463,775 691,042
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders 8,838,123 823,611 20,442,384 5,857,459
Net loss from discontinued operations (232,994) (505,917) (699,858) (1,533,064)
Net income attributable to Consolidated Water Co. Ltd. stockholders $ 8,605,129 $ 317,694 $ 19,742,526 $ 4,324,395
Basic earnings (loss) per common share attributable to Consolidated Water Co. Ltd. common stockholders        
Continuing operations $ 0.56 $ 0.05 $ 1.30 $ 0.38
Discontinued operations (0.01) (0.03) (0.05) (0.10)
Basic earnings per share 0.55 0.02 1.25 0.28
Diluted earnings (loss) per common share attributable to Consolidated Water Co. Ltd. common stockholders        
Continuing operations 0.55 0.05 1.28 0.38
Discontinued operations (0.01) (0.03) (0.04) (0.10)
Diluted earnings per share 0.54 0.02 1.24 0.28
Dividends declared per common and redeemable preferred shares $ 0.095 $ 0.085 $ 0.265 $ 0.255
Weighted average number of common shares used in the determination of:        
Basic earnings per share 15,742,854 15,290,597 15,734,234 15,287,233
Diluted earnings per share 15,928,604 15,450,276 15,909,725 15,440,261