XML 32 R21.htm IDEA: XBRL DOCUMENT v3.4.0.3
Segment information (Tables)
 3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment [Table Text Block]
The Company’s segments are strategic business units that are managed separately because, while all segments derive their revenues from water-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 March 31, 2016
 
 
 
Retail
 
Bulk
 
Services
 
Total
 
Revenues
 
$
5,970,238
 
$
7,265,293
 
$
799,241
 
$
14,034,772
 
Cost of revenues
 
 
2,629,674
 
 
4,610,324
 
 
617,743
 
 
7,857,741
 
Gross profit
 
 
3,340,564
 
 
2,654,969
 
 
181,498
 
 
6,177,031
 
General and administrative expenses
 
 
2,897,861
 
 
435,896
 
 
1,127,229
 
 
4,460,986
 
Income (loss) from operations
 
$
442,703
 
$
2,219,073
 
$
(945,731)
 
 
1,716,045
 
Other income (expense), net
 
 
 
 
 
 
 
 
 
 
 
389,557
 
Income before income taxes
 
 
 
 
 
 
 
 
 
 
 
2,105,602
 
Provision for (benefit from) income taxes
 
 
 
 
 
 
 
 
 
 
 
(73,269)
 
Net income
 
 
 
 
 
 
 
 
 
 
 
2,178,871
 
Income attributable to non-controlling interests
 
 
 
 
 
 
 
 
 
 
 
124,230
 
Net income attributable to Consolidated Water Co. Ltd. stockholders
 
 
 
 
 
 
 
 
 
 
$
2,054,641
 
 
Depreciation and amortization expenses for the three months ended March 31, 2016 for the retail, bulk and services segments were $587,726, $827,389 and $239,707, respectively.
 
 
 
Three Months Ended March  31, 2015
 
 
 
Retail
 
Bulk
 
Services
 
Total
 
Revenues
 
$
6,135,638
 
$
8,382,316
 
$
148,158
 
$
14,666,112
 
Cost of revenues
 
 
2,766,863
 
 
5,466,060
 
 
284,887
 
 
8,517,810
 
Gross profit (loss)
 
 
3,368,775
 
 
2,916,256
 
 
(136,729)
 
 
6,148,302
 
General and administrative expenses
 
 
2,898,415
 
 
417,364
 
 
577,187
 
 
3,892,966
 
Income (loss) from operations
 
$
470,360
 
$
2,498,892
 
$
(713,916)
 
 
2,255,336
 
Other income, net
 
 
 
 
 
 
 
 
 
 
 
(219,557)
 
Net income
 
 
 
 
 
 
 
 
 
 
 
2,035,779
 
Income attributable to non-controlling interests
 
 
 
 
 
 
 
 
 
 
 
114,518
 
Net income attributable to Consolidated Water Co. Ltd. stockholders
 
 
 
 
 
 
 
 
 
 
$
1,921,261
 
 
Depreciation and amortization expenses for the three months ended March 31, 2015 for the retail, bulk and services segments were $590,040, $794,725 and $22,474, respectively.
 
 
 
As of March 31, 2016
 
 
 
Retail
 
Bulk
 
Services
 
Total
 
Accounts receivable, net
 
$
2,684,520
 
$
9,567,044
 
$
1,547,635
 
$
13,799,199
 
Property plant and equipment, net
 
$
24,914,329
 
$
27,661,157
 
$
2,242,317
 
$
54,817,803
 
Construction in progress
 
$
2,668,571
 
$
101,399
 
$
-
 
$
2,769,970
 
Intangibles, net
 
$
-
 
$
649,604
 
$
5,803,123
 
$
6,452,727
 
Goodwill
 
$
1,170,511
 
$
2,328,526
 
$
8,035,211
 
$
11,534,248
 
Land held for development
 
$
-
 
$
-
 
$
20,558,424
 
$
20,558,424
 
Total assets
 
$
54,291,232
 
$
75,334,227
 
$
41,697,760
 
$
171,323,219
 
 
 
 
As of December 31, 2015
 
 
 
Retail
 
Bulk
 
Services
 
Total
 
Accounts receivable, net
 
$
2,261,141
 
$
6,231,626
 
$
1,036,249
 
$
9,529,016
 
Property plant and equipment, net
 
$
25,204,226
 
$
28,421,906
 
$
117,038
 
$
53,743,170
 
Construction in progress
 
$
1,860,050
 
$
68,560
 
$
-
 
$
1,928,610
 
Intangibles, net
 
$
-
 
$
666,152
 
$
105,659
 
$
771,811
 
Goodwill
 
$
1,170,511
 
$
2,328,526
 
$
-
 
$
3,499,037
 
Land held for development
 
$
-
 
$
-
 
$
20,558,424
 
$
20,558,424
 
Total assets
 
$
54,561,577
 
$
83,284,439
 
$
23,729,010
 
$
161,575,026