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Segment information (Tables)
12 Months Ended
Dec. 31, 2022
Segment information  
Schedule of segment reporting information, by segment

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Year Ended December 31, 2022

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Retail

    

Bulk

    

Services

    

Manufacturing

    

Total

Revenue

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$

25,954,013

​

$

32,991,066

​

$

28,835,428

​

$

6,324,465

    

$

94,104,972

Cost of revenue

​

 

12,548,763

​

 

23,032,212

​

 

22,973,634

​

 

5,195,240

​

 

63,749,849

Gross profit

​

 

13,405,250

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9,958,854

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5,861,794

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1,129,225

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30,355,123

General and administrative expenses

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14,552,866

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1,570,732

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3,461,294

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1,485,342

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21,070,234

Gain (loss) on asset dispositions and impairments, net

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(39,397)

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5,607

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23,717

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(2,631)

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(12,704)

Income (loss) from operations

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$

(1,187,013)

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$

8,393,729

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$

2,424,217

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$

(358,748)

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9,272,185

Other income, net

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464,810

Income before income taxes

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9,736,995

Provision for income taxes

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396,739

Net income from continuing operations

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9,340,256

Income from continuing operations attributable to non-controlling interests

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​

 

1,112,913

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

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8,227,343

Net loss from discontinued operations

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(2,371,049)

Net income attributable to Consolidated Water Co. Ltd. stockholders

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$

5,856,294

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Depreciation and amortization expenses for the year ended December 31, 2022 for the retail, bulk, services and manufacturing segments were $2,391,603, $2,836,794, $674,508 and $284,403, respectively.

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As of December 31, 2022

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Retail

    

Bulk

    

Services

    

Manufacturing

    

Total

Accounts receivable, net

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$

2,953,927

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$

16,554,940

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$

5,838,721

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$

1,698,594

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$

27,046,182

Inventory, current and non-current

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$

2,759,659

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$

4,037,684

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$

—

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$

3,481,486

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$

10,278,829

Property, plant and equipment, net

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$

27,697,490

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$

22,510,658

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$

759,409

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$

1,561,988

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$

52,529,545

Construction in progress

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$

3,643,889

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$

—

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$

—

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$

61,792

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$

3,705,681

Intangibles, net

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$

—

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$

—

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$

2,064,444

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$

754,444

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$

2,818,888

Goodwill

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$

1,170,511

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$

1,948,875

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$

5,320,416

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$

1,985,211

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$

10,425,013

Total segment assets

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$

65,853,789

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$

56,118,243

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$

36,319,078

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$

13,054,971

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$

171,346,081

Assets of discontinued operations

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$

21,660,768

Total assets

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$

193,006,849

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Year Ended December 31, 2021

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Retail

    

Bulk

    

Services

    

Manufacturing

    

Total

Revenue

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$

22,104,953

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$

26,800,869

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$

13,884,857

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$

4,072,823

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$

66,863,502

Cost of revenue

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11,060,937

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17,759,272

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10,707,243

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3,828,859

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43,356,311

Gross profit

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11,044,016

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9,041,597

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3,177,614

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243,964

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23,507,191

General and administrative expenses

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12,841,259

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1,365,735

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2,762,735

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1,380,630

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18,350,359

Gain (loss) on asset dispositions and impairments, net

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(246,851)

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1,500

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(485)

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(2,900,000)

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(3,145,836)

Income (loss) from operations

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$

(2,044,094)

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$

7,677,362

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$

414,394

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$

(4,036,666)

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2,010,996

Other income, net

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1,623,595

Income before income taxes

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3,634,591

Benefit from income taxes

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(447,982)

Net income from continuing operations

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4,082,573

Income from continuing operations attributable to non-controlling interests

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632,915

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

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3,449,658

Net loss from discontinued operations

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(2,574,079)

Net income attributable to Consolidated Water Co. Ltd. stockholders

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$

875,579

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Depreciation and amortization expenses for the year ended December 31, 2021 for the retail, bulk, services and manufacturing segments were $2,517,407, $3,331,554, $782,882 and $289,390, respectively.

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As of December 31, 2021

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Retail

    

Bulk

    

Services

    

Manufacturing

    

Total

Accounts receivable, net

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$

2,601,619

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$

21,682,951

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$

1,698,797

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$

1,365,940

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$

27,349,307

Inventory, current and non-current

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$

2,787,277

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$

3,860,808

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$

—

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$

589,757

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$

7,237,842

Property, plant and equipment, net

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$

26,357,390

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$

24,476,936

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$

512,493

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$

1,599,720

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$

52,946,539

Construction in progress

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$

617,334

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$

31,737

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$

—

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$

61,792

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$

710,863

Intangibles, net

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$

—

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$

—

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$

2,553,888

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$

847,778

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$

3,401,666

Goodwill

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$

1,170,511

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$

1,948,875

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$

5,320,416

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$

1,985,211

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$

10,425,013

Total segment assets

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$

61,736,441

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$

68,723,405

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$

15,825,207

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$

7,749,877

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$

154,034,930

Assets of discontinued operations

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$

22,319,927

Total assets

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$

176,354,857

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Schedule of revenues earned by major geographic region

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Year ended December 31, 

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2022

    

2021

Cayman Islands

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$

30,375,985

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$

24,935,746

Bahamas

​

 

29,943,615

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24,031,547

United States

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33,338,466

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17,489,851

Revenue earned from management services agreement with OC-BVI

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446,906

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406,358

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$

94,104,972

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$

66,863,502

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Revenue earned from major customers were:

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Year ended December 31, 

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2022

    

2021

Revenue earned from the WSC

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$

29,943,615

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$

24,031,547

Percentage of consolidated revenue earned from the WSC

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32%

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36%

Revenue earned from one service segment customer

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$

11,805,752

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$

—

Percentage of consolidated revenue earned from the one service segment customer

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13%

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0%

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Schedule of long-lived assets by geographic areas

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December 31, 

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2022

    

2021

Cayman Islands

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$

28,068,156

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$

26,687,944

The Bahamas

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22,031,690

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24,004,707

United States

​

 

2,429,699

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2,253,888

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$

52,529,545

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$

52,946,539