Earnings per share

9 Months Ended

Sep. 30, 2023

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 (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,
	2023		2022		2023		2022
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders	$	8,838,123	$	823,611	$	20,442,384	$	5,857,459
Less: preferred stock dividends		(4,295)		(2,925)		(11,305)		(8,609)
Net income from continuing operations available to common shares in the determination of basic earnings per common share		8,833,828		820,686		20,431,079		5,848,850
Total loss from discontinued operations		(232,994)		(505,917)		(699,858)		(1,533,064)
Net income available to common shares in the determination of basic earnings per common share	$	8,600,834	$	314,769	$	19,731,221	$	4,315,786
Weighted average number of common shares in the determination of basic earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders		15,742,854		15,290,597		15,734,234		15,287,233
Plus:
Weighted average number of preferred shares outstanding during the period		45,950		35,366		38,385		31,041
Potential dilutive effect of unexercised options and unvested stock grants		139,800		124,313		137,106		121,987
Weighted average number of shares used for determining diluted earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders		15,928,604		15,450,276		15,909,725		15,440,261