Segment information

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

3. Segment information

The Company has four reportable segments: retail, bulk, services and manufacturing. The retail segment primarily operates the water utility for the Seven Mile Beach and West Bay areas of Grand Cayman Island pursuant to an exclusive license granted by the Cayman Islands government. The bulk segment supplies potable water to government utilities in Grand Cayman, the Bahamas and Belize under long-term contracts. The services segment provides desalination plant management and operating services to affiliated companies and designs, constructs and sells desalination plants to third parties. The manufacturing segment manufactures a wide range of custom and specialty water treatment-related systems and products and provides design, engineering, management, operating and other services applicable to commercial, municipal and industrial water production, supply and treatment.

Consistent with prior periods, the Company records all non-direct general and administrative expenses in its retail business segment and does not allocate any of these non-direct costs to its other three business segments.

The accounting policies of the segments are consistent with those described in Note 2. The Company evaluates each segment’s performance based upon its income from operations. All intercompany transactions are eliminated for segment presentation purposes.

The Company’s segments are strategic business units that are managed separately because each segment sells different products and/or services, serves customers with distinctly different needs and generates different gross profit margins.

	Three Months Ended June 30, 2018
	Retail		Bulk		Services			Manufacturing			Total
Revenues	$	6,268,023	$	8,488,850	$	122,912		$	992,430		$	15,872,215
Cost of revenues		2,722,650		5,793,704		104,069			655,679			9,276,102
Gross profit		3,545,373		2,695,146		18,843			336,751			6,596,113
General and administrative expenses		2,930,268		349,897		665,738			608,851			4,554,754
Loss on asset dispositions and impairments, net		650		-		-			-			650
Income (loss) from operations	$	614,455	$	2,345,249	$	(646,895	)	$	(272,100	)		2,040,709
Other income, net												307,298
Income before income taxes												2,348,007
Benefit from income taxes												(48,878	)
Net income												2,396,885
Income attributable to non-controlling interests												208,692
Net income attributable to Consolidated Water Co. Ltd. stockholders											$	2,188,193

Depreciation and amortization expenses for the three months ended June 30, 2018 for the retail, bulk, services and manufacturing segments were $504,616, $808,964, $7,639 and $399,426, respectively.

	Three Months Ended June 30, 2017
	Retail			Bulk		Services			Manufacturing			Total
Revenues	$	6,064,016		$	8,043,921	$	119,204		$	1,056,047		$	15,283,188
Cost of revenues		2,722,890			5,152,212		103,753			847,760			8,826,615
Gross profit		3,341,126			2,891,709		15,451			208,287			6,456,573
General and administrative expenses		3,205,400			323,655		891,714			580,900			5,001,669
Loss on asset dispositions and impairments, net		997,006			-		-			-			997,006
Income (loss) from operations	$	(861,280	)	$	2,568,054	$	(876,263	)	$	(372,613	)		457,898
Other income, net													18,289
Income before income taxes													476,187
Benefit from income taxes													(136,448	)
Net income													612,635
Loss attributable to non-controlling interests													(11,913	)
Net income attributable to Consolidated Water Co. Ltd. stockholders												$	624,548

Depreciation and amortization expenses for the three months ended June 30, 2017 for the retail, bulk, services and manufacturing segments were $512,478, $827,037, $7,638 and $399,456, respectively.

	Six Months Ended June 30, 2018
	Retail		Bulk		Services			Manufacturing			Total
Revenues	$	12,699,371	$	16,717,365	$	246,676		$	1,545,198		$	31,208,610
Cost of revenues		5,484,204		11,190,295		238,940			1,094,540			18,007,979
Gross profit		7,215,167		5,527,070		7,736			450,658			13,200,631
General and administrative expenses		6,075,751		691,864		1,316,374			1,238,209			9,322,198
Loss on asset dispositions and impairments, net		1,990		-		-			-			1,990
Income (loss) from operations	$	1,137,426	$	4,835,206	$	(1,308,638	)	$	(787,551	)		3,876,443
Other income, net												452,208
Income before income taxes												4,328,651
Benefit from income taxes												(126,266	)
Net income												4,454,917
Income attributable to non-controlling interests												174,199
Net income attributable to Consolidated Water Co. Ltd. stockholders											$	4,280,718

Depreciation and amortization expenses for the six months ended June 30, 2018 for the retail, bulk, services and manufacturing segments were $1,007,629, $1,618,112, $15,277, and $798,720 respectively.

	Six Months Ended June 30, 2017
	Retail			Bulk		Services			Manufacturing			Total
Revenues	$	12,540,620		$	15,734,323	$	249,456		$	2,435,895		$	30,960,294
Cost of revenues		5,407,176			10,168,001		205,919			1,889,057			17,670,153
Gross profit		7,133,444			5,566,322		43,537			546,838			13,290,141
General and administrative expenses		6,218,260			624,731		1,635,120			1,320,750			9,798,861
Loss on asset dispositions and impairments, net		987,406			-		-			-			987,406
Income (loss) from operations	$	(72,222	)	$	4,941,591	$	(1,591,583	)	$	(773,912	)		2,503,874
Other income, net													412,068
Income before income taxes													2,915,942
Benefit from income taxes													(276,145	)
Net income													3,192,087
Loss attributable to non-controlling interests													(63,689	)
Net income attributable to Consolidated Water Co. Ltd. stockholders												$	3,255,776

Depreciation and amortization expenses for the six months ended June 30, 2017 for the retail, bulk, services and manufacturing segments were $1,022,298, $1,653,816, $29,657 and $805,945 respectively.

	As of June 30, 2018
	Retail		Bulk		Services		Manufacturing		Total
Accounts receivable, net	$	2,128,461	$	18,504,599	$	1,353,766	$	174,441	$	22,161,267
Property plant and equipment, net	$	22,743,321	$	23,925,932	$	69,062	$	1,738,225	$	48,476,540
Construction in progress	$	2,808,548	$	8,585,860	$	3,291	$	-	$	11,397,699
Intangible assets, net	$	-	$	500,670	$	-	$	2,561,667	$	3,062,337
Goodwill	$	1,170,511	$	2,328,526	$	-	$	4,885,211	$	8,384,248
Land held for development	$	-	$	-	$	20,642,660	$	-	$	20,642,660
Total segment assets	$	50,290,675	$	79,219,905	$	25,562,952	$	12,227,292	$	167,300,824

	As of December 31, 2017
	Retail		Bulk		Services		Manufacturing		Total
Accounts receivable, net	$	2,406,595	$	10,177,620	$	1,155,318	$	1,308,313	$	15,047,846
Property, plant and equipment, net	$	23,172,382	$	25,420,819	$	84,339	$	1,847,524	$	50,525,064
Construction in progress	$	321,368	$	1,498,625	$	3,291	$	-	$	1,823,284
Intangible assets, net	$	-	$	533,767	$	-	$	3,231,667	$	3,765,434
Goodwill	$	1,170,511	$	2,328,526	$	-	$	4,885,211	$	8,384,248
Land held for development	$	-	$	-	$	20,558,424	$	-	$	20,558,424
Total segment assets	$	52,095,524	$	75,785,323	$	24,488,173	$	13,111,875	$	165,480,895