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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
CONSOLIDATED STATEMENTS OF INCOME        
Revenue $ 32,479,158 $ 44,237,263 $ 72,168,548 $ 77,106,253
Cost of revenue 20,858,944 28,773,714 46,670,311 51,083,622
Gross profit 11,620,214 15,463,549 25,498,237 26,022,631
General and administrative expenses 6,606,294 5,984,915 13,170,323 12,021,577
Gain (loss) on asset dispositions and impairments, net (3,130) 1,000 (3,130) 6,916
Income from operations 5,010,790 9,479,634 12,324,784 14,007,970
Other income (expense):        
Interest income 380,854 86,137 714,996 199,781
Interest expense (33,438) (36,247) (66,939) (74,091)
Profit-sharing income from OC-BVI 12,150 12,150 32,400 26,325
Equity in the earnings of OC-BVI 36,647 35,272 93,963 70,830
Other 22,213 31,819 62,190 63,345
Other income, net 418,426 129,131 836,610 286,190
Income before income taxes 5,429,216 9,608,765 13,161,394 14,294,160
Provision for income taxes 1,063,933 1,940,067 1,685,629 2,389,552
Net income from continuing operations 4,365,283 7,668,698 11,475,765 11,904,608
Income from continuing operations attributable to non-controlling interests 122,872 137,226 291,940 300,347
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders 4,242,411 7,531,472 11,183,825 11,604,261
Net income discontinued operations 11,607,846 (207,701) 11,140,780 (466,864)
Net income attributable to Consolidated Water Co. Ltd. stockholders $ 15,850,257 $ 7,323,771 $ 22,324,605 $ 11,137,397
Basic earnings (loss) per common share attributable to Consolidated Water Co. Ltd. common stockholders        
Continuing operations $ 0.27 $ 0.48 $ 0.71 $ 0.74
Discontinued operations 0.73 (0.01) 0.70 (0.03)
Basic earnings per share 1.00 0.47 1.41 0.71
Diluted earnings (loss) per common share attributable to Consolidated Water Co. Ltd. common stockholders        
Continuing operations 0.26 0.47 0.70 0.73
Discontinued operations 0.73 (0.01) 0.70 (0.03)
Diluted earnings per share 0.99 0.46 1.40 0.70
Dividends declared per common and redeemable preferred shares $ 0.095 $ 0.085 $ 0.19 $ 0.17
Weighted average number of common shares used in the determination of:        
Basic earnings per share 15,829,120 15,736,041 15,829,024 15,729,852
Diluted earnings per share 15,983,671 15,907,440 15,984,154 15,899,923