Segment information (Tables)

6 Months Ended

Jun. 30, 2024

Segment information

Schedule of segment reporting information, by segment

	Three Months Ended June 30, 2024
	Retail		Bulk		Services		Manufacturing		Total
Revenue	$	8,181,884	$	8,447,958	$	11,922,469	$	3,926,847	$	32,479,158
Cost of revenue		3,670,133		6,097,460		8,458,537		2,632,814		20,858,944
Gross profit		4,511,751		2,350,498		3,463,932		1,294,033		11,620,214
General and administrative expenses		4,378,816		363,268		1,196,624		667,586		6,606,294
Gain (loss) on asset dispositions and impairments, net		(6,130)		—		3,000		—		(3,130)
Income from operations	$	126,805	$	1,987,230	$	2,270,308	$	626,447		5,010,790
Other income, net										418,426
Income before income taxes										5,429,216
Provision for income taxes										1,063,933
Net income from continuing operations										4,365,283
Income from continuing operations attributable to non-controlling interests										122,872
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders										4,242,411
Net income from discontinued operations										11,607,846
Net income attributable to Consolidated Water Co. Ltd. stockholders									$	15,850,257

Depreciation and amortization expenses for the three months ended June 30, 2024 for the retail, bulk, services and manufacturing segments were $633,958, $716,726, $251,548 and $65,406, respectively.

	Three Months Ended June 30, 2023
	Retail		Bulk		Services		Manufacturing		Total
Revenue	$	7,573,329	$	8,482,495	$	24,093,963	$	4,087,476	$	44,237,263
Cost of revenue		3,433,132		5,931,735		16,248,141		3,160,706		28,773,714
Gross profit		4,140,197		2,550,760		7,845,822		926,770		15,463,549
General and administrative expenses		4,265,535		379,900		904,560		434,920		5,984,915
Gain on asset dispositions and impairments, net		—		1,000		—		—		1,000
Income from operations	$	(125,338)	$	2,171,860	$	6,941,262	$	491,850		9,479,634
Other income, net										129,131
Income before income taxes										9,608,765
Provision for income taxes										1,940,067
Net income from continuing operations										7,668,698
Income attributable to non-controlling interests										137,226
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders										7,531,472
Net loss from discontinued operations										(207,701)
Net income attributable to Consolidated Water Co. Ltd. stockholders									$	7,323,771

Depreciation and amortization expenses for the three months ended June 30, 2023 for the retail, bulk, services and manufacturing segments were $593,337, $840,200, $174,084 and $68,160, respectively.

	Six Months Ended June 30, 2024
	Retail		Bulk		Services		Manufacturing		Total
Revenue	$	16,806,822	$	16,790,052	$	29,340,080	$	9,231,594	$	72,168,548
Cost of revenue		7,221,477		11,662,718		21,127,476		6,658,640		46,670,311
Gross profit		9,585,345		5,127,334		8,212,604		2,572,954		25,498,237
General and administrative expenses		8,483,148		707,409		2,794,478		1,185,288		13,170,323
Gain (loss) on asset dispositions and impairments, net		(6,130)		—		3,000		—		(3,130)
Income from operations	$	1,096,067	$	4,419,925	$	5,421,126	$	1,387,666		12,324,784
Other income, net										836,610
Income before income taxes										13,161,394
Provision for income taxes										1,685,629
Net income from continuing operations										11,475,765
Income from continuing operations attributable to non-controlling interests										291,940
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders										11,183,825
Net income from discontinued operations										11,140,780
Net income attributable to Consolidated Water Co. Ltd. stockholders									$	22,324,605

Depreciation and amortization expenses for the six months ended June 30, 2024 for the retail, bulk, services and manufacturing segments were $1,274,428, $1,433,054, $503,300 and $131,555, respectively.

	Six Months Ended June 30, 2023
	Retail		Bulk		Services		Manufacturing		Total
Revenue	$	15,344,424	$	17,486,868	$	36,815,664	$	7,459,297	$	77,106,253
Cost of revenue		6,983,926		12,174,881		26,292,219		5,632,596		51,083,622
Gross profit		8,360,498		5,311,987		10,523,445		1,826,701		26,022,631
General and administrative expenses		8,442,642		732,875		1,993,232		852,828		12,021,577
Gain (loss) on asset dispositions and impairments, net		(7,287)		12,270		—		1,933		6,916
Income (loss) from operations	$	(89,431)	$	4,591,382	$	8,530,213	$	975,806		14,007,970
Other income, net										286,190
Income before income taxes										14,294,160
Provision for income taxes										2,389,552
Net income from continuing operations										11,904,608
Income from continuing operations attributable to non-controlling interests										300,347
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders										11,604,261
Net loss from discontinued operations										(466,864)
Net income attributable to Consolidated Water Co. Ltd. stockholders									$	11,137,397

Depreciation and amortization expenses for the six months ended June 30, 2023 for the retail, bulk, services and manufacturing segments were $1,219,974, $1,568,329, $345,433 and $136,123, respectively.

	As of June 30, 2024
	Retail		Bulk		Services		Manufacturing		Total
Accounts receivable, net	$	3,337,581	$	25,639,982	$	7,006,706	$	3,680,579	$	39,664,848
Inventory, current and non-current	$	3,144,757	$	4,765,124	$	—	$	1,650,595	$	9,560,476
Contract assets	$	—	$	—	$	1,747,791	$	3,665,989	$	5,413,780
Property, plant and equipment, net	$	32,310,270	$	19,357,321	$	1,058,526	$	1,642,834	$	54,368,951
Construction in progress	$	959,712	$	116,798	$	—	$	169,488	$	1,245,998
Intangibles, net	$	—	$	—	$	2,410,556	$	614,444	$	3,025,000
Goodwill	$	1,170,511	$	1,948,875	$	7,756,807	$	1,985,211	$	12,861,404
Total segment assets	$	89,309,738	$	78,465,306	$	48,146,895	$	17,736,548	$	233,658,487
Assets of discontinued operations									$	1,503,473
Total assets									$	235,161,960

	As of December 31, 2023
	Retail		Bulk		Services		Manufacturing		Total
Accounts receivable, net	$	3,425,948	$	26,965,126	$	6,802,780	$	1,033,037	$	38,226,891
Inventory, current and non-current	$	3,041,460	$	4,858,324	$	55,272	$	3,135,357	$	11,090,413
Contract assets	$	—	$	—	$	17,715,872	$	3,837,185	$	21,553,057
Property, plant and equipment, net	$	32,809,487	$	20,370,056	$	1,143,884	$	1,559,094	$	55,882,521
Construction in progress	$	380,436	$	—	$	—	$	115,035	$	495,471
Intangibles, net	$	—	$	—	$	2,692,074	$	661,111	$	3,353,185
Goodwill	$	1,170,511	$	1,948,875	$	7,756,807	$	1,985,211	$	12,861,404
Total segment assets	$	58,774,647	$	63,956,725	$	58,476,773	$	15,888,642	$	197,096,787
Assets of discontinued operations									$	21,340,805
Total assets									$	218,437,592