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Segment information
 9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
4. Segment information
 
The Company has three reportable segments: retail, bulk and services. The retail segment 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 designs, constructs and sells desalination plants to third parties and provides desalination plant management and operating services to subsidiary and affiliated companies. Consistent with prior periods, the Company records all non-direct general and administrative expenses in its retail segment and does not allocate any of these non-direct expenses to its other two segments.
 
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, 2013
 
 
 
Retail
 
Bulk
 
Services
 
Total
 
Revenues
 
$
5,023,591
 
$
10,239,552
 
$
175,438
 
$
15,438,581
 
Cost of revenues
 
 
2,661,463
 
 
7,280,151
 
 
270,082
 
 
10,211,696
 
Gross profit
 
 
2,362,128
 
 
2,959,401
 
 
(94,644)
 
 
5,226,885
 
General and administrative expenses
 
 
2,656,217
 
 
372,812
 
 
1,279,822
 
 
4,308,851
 
Income (loss) from operations
 
 
(294,089)
 
 
2,586,589
 
 
(1,374,466)
 
 
918,034
 
Other income, net
 
 
 
 
 
 
 
 
 
 
 
132,465
 
Consolidated net income
 
 
 
 
 
 
 
 
 
 
 
1,050,499
 
Income attributable to non-controlling interests
 
 
 
 
 
 
 
 
 
 
 
141,809
 
Net income attributable to Consolidated Water Co. Ltd. stockholders
 
 
 
 
 
 
 
 
 
 
$
908,690
 
 
Depreciation and amortization expenses for the three months ended September 30, 2013 for the retail, bulk and services segments were $536,229, $805,641 and $73,181, respectively.
 
 
 
Nine Months Ended September 30, 2013
 
 
 
Retail
 
Bulk
 
Services
 
Total
 
Revenues
 
$
17,598,200
 
$
30,258,814
 
$
706,144
 
$
48,563,158
 
Cost of revenues
 
 
8,366,391
 
 
21,514,909
 
 
836,945
 
 
30,718,245
 
Gross profit
 
 
9,231,809
 
 
8,743,905
 
 
(130,801)
 
 
17,844,913
 
General and administrative expenses
 
 
7,966,975
 
 
1,136,021
 
 
2,369,553
 
 
11,472,549
 
Income (loss) from operations
 
 
1,264,834
 
 
7,607,884
 
 
(2,500,354)
 
 
6,372,364
 
Other income, net
 
 
 
 
 
 
 
 
 
 
 
1,557,060
 
Consolidated net income
 
 
 
 
 
 
 
 
 
 
 
7,929,424
 
Income attributable to non-controlling interests
 
 
 
 
 
 
 
 
 
 
 
424,882
 
Net income attributable to Consolidated Water Co. Ltd. stockholders
 
 
 
 
 
 
 
 
 
 
$
7,504,542
 
 
Depreciation and amortization expenses for the nine months ended September 30, 2013 for the retail, bulk and services segments were $1,555,128, $2,337,766 and $219,544, respectively.
 
 
As of September 30, 2013
 
 
Retail
 
Bulk
 
Services
 
Total
 
Property plant and equipment, net
$
26,351,507
 
$
32,706,916
 
$
560,813
 
$
59,619,236
 
Construction in progress
$
675,413
 
$
26,635
 
$
152,016
 
$
854,064
 
Goodwill
$
1,170,511
 
$
2,328,526
 
$
-
 
$
3,499,037
 
Investment in land
$
-
 
$
-
 
$
12,025,566
 
$
12,025,566
 
Total assets
$
59,148,079
 
$
90,394,680
 
$
15,211,919
 
$
164,754,678
 
 
 
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, 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
 
 
Depreciation and amortization expenses for the three months ended September 30, 2012 for the retail, bulk and services segments were $524,401, $1,291,550 and $73,280, respectively.
 
 
 
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, 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
 
 
Depreciation and amortization expenses for the nine months ended September 30, 2012 for the retail, bulk and services segments were $1,576,626, $3,845,642 and $207,338, respectively.
 
 
 
As of December 31, 2012
 
 
 
Retail
 
Bulk
 
Services
 
Total
 
Property, plant and equipment, net
 
$
24,021,301
 
$
34,308,805
 
$
663,300
 
$
58,993,406
 
Construction in progress
 
$
2,342,248
 
$
270,552
 
$
-
 
$
2,612,800
 
Goodwill
 
$
1,170,511
 
$
2,328,526
 
$
-
 
$
3,499,037
 
Total assets
 
$
63,649,696
 
$
83,177,550
 
$
3,621,840
 
$
150,449,086