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Segment information | 9 Months Ended
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Sep. 30, 2014
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 retail segment also includes a retail water operation in Bali, Indonesia that sells water to resort properties. 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 procurement services, to Company subsidiary and affiliated companies as well as third parties. Consistent with prior periods, we record all non-direct general and administrative expenses in our retail business segment and do not allocate any of these non-direct expenses to our other two business segments. The Company evaluates each segment’s performance based upon its income (loss) 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, 2014 |
|  | Retail |  | Bulk |  | Services |  | Total |
Revenues |  | $ | 5,936,623 |  | $ | 9,905,723 |  | $ | 1,178,710 |  | $ | 17,021,056 |
Cost of revenues |  |  | 2,945,756 |  |  | 7,113,039 |  |  | 1,261,946 |  |  | 11,320,741 |
Gross profit (loss) |  |  | 2,990,867 |  |  | 2,792,684 |  |  | (83,236) |  |  | 5,700,315 |
General and administrative expenses |  |  | 2,740,209 |  |  | 510,288 |  |  | 734,459 |  |  | 3,984,956 |
Income (loss) from operations |  | $ | 250,658 |  | $ | 2,282,396 |  | $ | (817,695) |  |  | 1,715,359 |
Other income, net |  |  |  |  |  |  |  |  |  |  |  | 274,542 |
Consolidated net income |  |  |  |  |  |  |  |  |  |  |  | 1,989,901 |
Income attributable to non-controlling interests |  |  |  |  |  |  |  |  |  |  |  | 107,209 |
Net income attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  | $ | 1,882,692 |
Depreciation and amortization expenses for the three months ended September 30, 2014 for the retail, bulk and services segments were $592,261, $738,405 and $22,474, respectively.
|  | 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 (loss) |  |  | 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, 2014 |
|  | Retail |  | Bulk |  | Services |  | Total |
Revenues |  | $ | 18,548,841 |  | $ | 29,831,653 |  | $ | 1,921,004 |  | $ | 50,301,498 |
Cost of revenues |  |  | 8,996,615 |  |  | 21,120,498 |  |  | 2,143,599 |  |  | 32,260,712 |
Gross profit (loss) |  |  | 9,552,226 |  |  | 8,711,155 |  |  | (222,595) |  |  | 18,040,786 |
General and administrative expenses |  |  | 8,471,730 |  |  | 1,270,661 |  |  | 3,366,359 |  |  | 13,108,750 |
Income (loss) from operations |  |  | 1,080,496 |  |  | 7,440,494 |  |  | (3,588,954) |  |  | 4,932,036 |
Other income, net |  |  |  |  |  |  |  |  |  |  |  | 742,425 |
Consolidated net income |  |  |  |  |  |  |  |  |  |  |  | 5,674,461 |
Income attributable to non-controlling interests |  |  |  |  |  |  |  |  |  |  |  | 377,167 |
Net income attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  | $ | 5,297,294 |
Depreciation and amortization expenses for the nine months ended September 30, 2014 for the retail, bulk and services segments were $1,823,757, $2,215,141 and $79,922, 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 (loss) |  |  | 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, 2014 |
|  | Retail |  | Bulk |  | Services |  | Total |
Property plant and equipment, net |  | $ | 25,727,376 |  | $ | 29,737,581 |  | $ | 576,916 |  | $ | 56,041,873 |
Construction in progress |  |  | 1,862,644 |  |  | 997,758 |  |  | - |  |  | 2,860,402 |
Goodwill |  |  | 1,170,511 |  |  | 2,328,526 |  |  | - |  |  | 3,499,037 |
Investment in land |  |  | - |  |  | - |  |  | 20,557,353 |  |  | 20,557,353 |
Total assets |  |  | 51,970,909 |  |  | 83,928,479 |  |  | 24,479,583 |  |  | 160,378,971 |
|  | As of December 31, 2013 |
|  | Retail |  | Bulk |  | Services |  | Total |
Property plant and equipment, net |  | $ | 26,339,461 |  | $ | 31,736,774 |  | $ | 526,651 |  | $ | 58,602,886 |
Construction in progress |  |  | 1,181,628 |  |  | 98,807 |  |  | 169,982 |  |  | 1,450,417 |
Goodwill |  |  | 1,170,511 |  |  | 2,328,526 |  |  | - |  |  | 3,499,037 |
Investment in land |  |  | - |  |  | - |  |  | 13,175,566 |  |  | 13,175,566 |
Total assets |  |  | 65,853,375 |  |  | 84,300,971 |  |  | 15,210,508 |  |  | 165,364,854 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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