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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Total revenues $ 18,305,260 $ 15,064,066 $ 35,293,784 $ 29,618,729
Total cost of revenues 10,752,511 8,879,847 20,778,732 17,265,469
Gross profit 7,552,749 6,184,219 14,515,052 12,353,260
General and administrative expenses 4,994,992 4,446,969 9,373,026 9,108,680
Gain (loss) on asset dispositions and impairments, net 397,301 (650) 441,070 (1,990)
Income from operations 2,955,058 1,736,600 5,583,096 3,242,590
Other income (expense):        
Interest income 140,467 170,102 290,652 331,223
Interest expense (1,482) (2,876) (1,482) (4,630)
Profit-sharing income from OC-BVI 2,025 56,700 8,100 85,050
Equity in the earnings (losses) of OC-BVI (24,949) 157,483 (11,488) 238,076
Net unrealized gain (loss) on put/call options 0 84,000 (24,000) (122,000)
Other (65,728) (153,377) 48,641 (68,090)
Other income, net 50,333 312,032 310,423 459,629
Income before income taxes 3,005,391 2,048,632 5,893,519 3,702,219
Provision for (benefit from) income taxes 64,233 (48,878) 113,192 (126,266)
Net income from continuing operations 2,941,158 2,097,510 5,780,327 3,828,485
Income from continuing operations attributable to non-controlling interests 464,896 208,692 738,804 174,199
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders 2,476,262 1,888,818 5,041,523 3,654,286
Gain on sale of discontinued operations 0 0 3,621,170 0
Net income from discontinued operations 0 299,375 0 626,432
Total income from discontinued operations 0 299,375 3,621,170 626,432
Net income attributable to Consolidated Water Co. Ltd. stockholders $ 2,476,262 $ 2,188,193 $ 8,662,693 $ 4,280,718
Basic earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders        
Continuing operations $ 0.16 $ 0.13 $ 0.34 $ 0.25
Discontinued operations 0 0.02 0.24 0.04
Basic earnings per share 0.16 0.15 0.58 0.29
Diluted earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders        
Continuing operations 0.16 0.12 0.33 0.24
Discontinued operations 0 0.02 0.24 0.04
Diluted earnings per share 0.16 0.14 0.57 0.28
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 15,020,344 14,959,309 15,020,344 14,959,284
Diluted earnings per share 15,130,778 15,117,726 15,130,071 15,116,712