Year Ended December 31,

2023

2022

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

$

30,672,135

$

8,227,343

Less: preferred stock dividends

(15,513)

(11,532)

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

30,656,622

8,215,811

Loss from discontinued operations

(1,086,744)

(2,371,049)

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

$

29,569,878

$

5,844,762

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

15,739,056

15,290,509

Plus:

Weighted average number of preferred shares outstanding during the period

39,885

31,885

Potential dilutive effect of unexercised options and unvested stock grants

86,956

79,259

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

15,865,897

15,401,653