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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
CONSOLIDATED STATEMENTS OF INCOME        
Total revenue $ 16,413,146 $ 17,666,257 $ 50,217,987 $ 57,479,225
Total cost of revenue (including purchases from related parties of $104,813 and $361,004 for the three months ended, and $390,196 and $1,225,668 for the nine months ended September 30, 2021 and 2020, respectively) 10,722,547 11,450,621 32,336,025 35,520,125
Gross profit 5,690,599 6,215,636 17,881,962 21,959,100
General and administrative expenses (including purchases from related parties of $24,231 and $0 for the three months ended, and $52,959 and $0 for the nine months ended September 30, 2021 and 2020, respectively) 4,359,040 4,810,016 13,847,830 14,062,938
Gain (loss) on asset dispositions and impairments, net 612 (984) (3,144,961) 4,001
Income (loss) from operations 1,332,171 1,404,636 889,171 7,900,163
Other income (expense):        
Interest income 168,880 164,761 503,889 411,020
Interest expense (2,216) (2,069) (7,714) (7,413)
Profit-sharing income from OC-BVI 6,075 6,075 16,200 30,375
Equity in the earnings of OC-BVI 17,717 22,411 44,223 82,387
Net unrealized gain (loss) on put/call options (54,000) 39,000 108,000 (42,000)
Other 15,712 15,314 35,292 59,341
Other income, net 152,168 245,492 699,890 533,710
Income before income taxes 1,484,339 1,650,128 1,589,061 8,433,873
Provision (benefit) for income taxes (11,230) (263,165) (20,735) 147,186
Net income from continuing operations 1,495,569 1,913,293 1,609,796 8,286,687
Income from continuing operations attributable to non-controlling interests 131,609 101,137 457,540 642,289
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders 1,363,960 1,812,156 1,152,256 7,644,398
Total loss from discontinued operations (1,078,367) (377,321) (1,542,540) (4,448,798)
Net income (loss) attributable to Consolidated Water Co. Ltd. stockholders $ 285,593 $ 1,434,835 $ (390,284) $ 3,195,600
Basic earnings (loss) per common share attributable to Consolidated Water Co. Ltd. common stockholders        
Continuing operations $ 0.09 $ 0.12 $ 0.07 $ 0.51
Discontinued operations (0.07) (0.03) (0.10) (0.30)
Basic earnings (loss) per share 0.02 0.09 (0.03) 0.21
Diluted earnings (loss) per common share attributable to Consolidated Water Co. Ltd. common stockholders        
Continuing operations 0.09 0.12 0.07 0.50
Discontinued operations (0.07) (0.03) (0.10) (0.29)
Diluted earnings (loss) per share 0.02 0.09 (0.03) 0.21
Dividends declared per common and redeemable preferred shares $ 0.085 $ 0.085 $ 0.26 $ 0.26
Weighted average number of common shares used in the determination of:        
Basic earnings per share 15,209,432 15,120,983 15,204,220 15,116,681
Diluted earnings per share 15,351,882 15,273,529 15,345,120 15,270,494