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Earnings per share
9 Months Ended
Sep. 30, 2021
Earnings per share  
Earnings per share

4. Earnings per share

Earnings per share (“EPS”) is computed on a basic and diluted basis. Basic EPS is computed by dividing net income (loss) (less preferred stock dividends) available to common stockholders by the weighted average number of common shares outstanding during the period. The computation of diluted EPS assumes the issuance of common shares for all potential common shares outstanding during the reporting period and, if dilutive, the effect of stock options as computed under the treasury stock method.

The following summarizes information related to the computation of basic and diluted EPS:

Three Months Ended September 30, 

 

Nine Months Ended September 30, 

    

2021

    

2020

 

2021

    

2020

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

$

1,363,960

$

1,812,156

$

1,152,256

$

7,644,398

Less: preferred stock dividends

 

(2,628)

 

(2,810)

 

(8,362)

 

(9,099)

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

 

1,361,332

 

1,809,346

 

1,143,894

 

7,635,299

Total loss from discontinued operations

 

(1,078,367)

 

(377,321)

 

(1,542,540)

 

(4,448,798)

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

$

282,965

$

1,432,025

$

(398,646)

$

3,186,501

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

 

15,209,432

 

15,120,983

 

15,204,220

 

15,116,681

Plus:

 

 

 

 

Weighted average number of preferred shares outstanding during the period

 

31,861

 

34,191

 

30,701

 

34,355

Potential dilutive effect of unexercised options and unvested stock grants

 

110,589

 

118,355

 

110,199

 

119,458

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

 

15,351,882

 

15,273,529

 

15,345,120

 

15,270,494