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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
CONSOLIDATED STATEMENTS OF INCOME        
Total revenue $ 16,701,524 $ 19,087,247 $ 33,804,841 $ 39,812,968
Total cost of revenue (including purchases from related parties of $129,401, $371,201 for the three months ending June 30, 2021 and $285,383, $864,664 for the six months ending June 30, 2020 respectively) 10,636,671 11,784,104 21,613,478 24,069,504
Gross profit 6,064,853 7,303,143 12,191,363 15,743,464
General and administrative expenses (including purchases from related parties of $24,299, $0 for the three months ending June 30, 2021 and 2020, and $28,728, $0 for the six months ending June 30, 2021 and 2020, respectively) 4,724,304 4,557,613 9,488,790 9,252,922
Gain (loss) on asset dispositions and impairments, net (2,896,640) 5,205 (3,145,573) 4,985
Income (loss) from operations (1,556,091) 2,750,735 (443,000) 6,495,527
Other income (expense):        
Interest income 174,645 109,818 335,009 246,259
Interest expense (2,638) (2,818) (5,498) (5,344)
Profit-sharing income from OC-BVI 4,050 14,175 10,125 24,300
Equity in the earnings of OC-BVI 10,726 34,095 26,506 59,976
Net unrealized gain (loss) on put/call options 31,000 80,000 162,000 (81,000)
Other 15,331 25,687 19,580 44,027
Other income, net 233,114 260,957 547,722 288,218
Loss before income taxes (1,322,977) 3,011,692 104,722 6,783,745
Provision for income taxes (6,845) 204,268 (9,505) 410,351
Net loss from continuing operations (1,316,132) 2,807,424 114,227 6,373,394
Income from continuing operations attributable to non-controlling interests 197,138 180,154 325,931 541,152
Net loss from continuing operations attributable to Consolidated Water Co. Ltd. stockholders (1,513,270) 2,627,270 (211,704) 5,832,242
Gain on sale of discontinued operations 1,137 1,136    
Total loss from discontinued operations (151,379) (3,755,112) (464,173) (4,071,477)
Net loss attributable to Consolidated Water Co. Ltd. stockholders $ (1,664,649) $ (1,127,842) $ (675,877) $ 1,760,765
Basic earnings (loss) per common share attributable to Consolidated Water Co. Ltd. common stockholders        
Continuing operations $ (0.10) $ 0.17 $ (0.01) $ 0.39
Discontinued operations (0.01) (0.24) (0.03) (0.27)
Basic earnings (loss) per share (0.11) (0.07) (0.04) 0.12
Diluted earnings (loss) per common share attributable to Consolidated Water Co. Ltd. common stockholders        
Continuing operations (0.10) 0.17 (0.01) 0.38
Discontinued operations (0.01) (0.24) (0.03) (0.26)
Diluted earnings (loss) per share (0.11) (0.07) (0.04) 0.12
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 15,201,682 15,114,506 15,201,571 15,114,506
Diluted earnings per share 15,201,682 15,269,334 15,201,571 15,269,175