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Segment information
 9 Months Ended
Sep. 30, 2012
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

5. Segment information

 

The Company has three reportable segments: retail, bulk and services. The retail segment serves the Seven Mile Beach and West Bay areas of Grand Cayman Island pursuant to an exclusive license granted by the Cayman Islands government to Cayman Water to own and operate the water utility for these areas. The bulk segment supplies potable water to government utilities in Grand Cayman, the Bahamas and Belize under long-term contracts. The services segment designs, constructs and sells desalination plants and provides desalination plant management and operating services to third parties.

 

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, while all segments derive their revenues from desalination-related activities, each segment sells different products and/or services, serves customers with distinctly different needs and generates different gross profit margins.

 

    Three Months Ended September 30, 2012  
    Retail     Bulk     Services     Total  
 Revenues   $ 5,703,233     $ 10,031,176     $ 105,727     $ 15,840,136  
 Cost of revenues     2,798,560       7,777,247       29,335       10,605,142  
 Gross profit     2,904,673       2,253,929       76,392       5,234,994  
 General and administrative expenses     3,241,323       316,240       532,012       4,089,575  
 Income (loss) from operations     (336,650 )     1,937,689       (455,620 )     1,145,419  
 Other income (expense), net                             221,655  
 Consolidated net income                             1,367,074  
 Income attributable to non-controlling interests                             62,231  
 Net income attributable to Consolidated Water Co. Ltd. stockholders                           $ 1,304,843  

 

    Nine Months Ended September 30, 2012  
    Retail     Bulk     Services     Total  
 Revenues   $ 18,138,615     $ 30,313,063     $ 347,964     $ 48,799,642  
 Cost of revenues     8,720,675       23,301,186       183,238       32,205,099  
 Gross profit     9,417,940       7,011,877       164,726       16,594,543  
 General and administrative expenses     8,730,075       953,004       1,369,754       11,052,833  
 Income (loss) from operations     687,865       6,058,873       (1,205,028 )     5,541,710  
 Other income (expense), net                             339,023  
 Consolidated net income                             5,880,733  
 Income attributable to non-controlling interests                             275,732  
 Net income attributable to Consolidated Water Co. Ltd. stockholders                           $ 5,605,001  

 

 As of September 30, 2012:                                
 Property plant and equipment, net   $ 24,443,943     $ 35,537,488     $ 723,600     $ 60,705,031  
 Construction in progress     868,202       295,879       -       1,164,081  
 Goodwill     1,170,511       2,328,526       88,717       3,587,754  
 Total assets     60,820,634       83,601,963       3,671,480       148,094,077  

 

    Three Months Ended September 30, 2011  
    Retail     Bulk     Services     Total  
Revenues   $ 5,283,676     $ 7,452,759     $ 70,217     $ 12,806,652  
Cost of revenues     2,865,554       5,807,061       125,187       8,797,802  
Gross profit     2,418,122       1,645,698       (54,970 )     4,008,850  
General and administrative expenses     2,324,785       375,630       331,536       3,031,951  
Income (loss) from operations     93,337       1,270,068       (386,506 )     976,899  
Other income (expense), net                             324,749  
Consolidated net income                             1,301,648  
Income attributable to non-controlling interests                             15,580  
Net income attributable to Consolidated Water Co. Ltd. stockholders                           $ 1,286,068  

 

    Nine Months Ended September 30, 2011  
    Retail     Bulk     Services     Total  
Revenues   $ 18,212,067     $ 22,394,239     $ 942,838     $ 41,549,144  
Cost of revenues     8,819,155       17,739,995       479,383       27,038,533  
Gross profit     9,392,912       4,654,244       463,455       14,510,611  
General and administrative expenses     6,890,482       965,159       2,149,604       10,005,245  
Income (loss) from operations     2,502,430       3,689,085       (1,686,149 )     4,505,366  
Other income (expense), net                             1,066,431  
Consolidated net income                             5,571,797  
Income attributable to non-controlling interests                             363,057  
Net income attributable to Consolidated Water Co. Ltd. stockholders                           $ 5,208,740  

 

As of September 30, 2011:                        
Property plant and equipment, net   $ 25,811,059     $ 25,602,854     $ 964,920     $ 52,378,833  
Construction in progress     154,242       9,589,484       -       9,743,726  
Goodwill     1,170,511       2,328,526       88,717       3,587,754  
Total assets     69,091,372       81,605,190       4,892,413       155,588,975