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Segment information | 9 Months Ended
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Sep. 30, 2016
Segment Reporting [Abstract] |
Segment Reporting Disclosure [Text Block] | 5. 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 and also sells water to resort properties in Bali, Indonesia. The bulk segment supplies potable water to government utilities in Grand Cayman, The Bahamas and Belize under long-term contracts. The services segment manufactures and services a wide range of water-related products and provides design, engineering, management, operating and other services applicable to commercial and municipal water production, water supply and treatment, and industrial water and wastewater treatment. The services segment includes the operations of Aerex beginning February 11, 2016. Consistent with prior periods, the Company records all non-direct general and administrative expenses in its retail business segment and does not allocate any of these non-direct expenses to its other two business segments. The accounting policies of the segments are consistent with those described in Note 2. 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 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 September 30, 2016 |
|  | Retail |  | Bulk |  | Services |  | Total |
Revenues |  | $ | 5,447,200 |  | $ | 7,429,732 |  | $ | 1,508,421 |  | $ | 14,385,353 |
Cost of revenues |  |  | 2,464,841 |  |  | 4,922,162 |  |  | 1,079,027 |  |  | 8,466,030 |
Gross profit |  |  | 2,982,359 |  |  | 2,507,570 |  |  | 429,394 |  |  | 5,919,323 |
General and administrative expenses |  |  | 2,811,262 |  |  | 425,000 |  |  | 1,292,417 |  |  | 4,528,679 |
Impairment loss on long-lived assets |  |  | 2,000,000 |  |  | - |  |  | - |  |  | 2,000,000 |
Impairment of goodwill |  |  | - |  |  | - |  |  | 1,750,000 |  |  | 1,750,000 |
Income (loss) from operations |  | $ | (1,828,903) |  | $ | 2,082,570 |  | $ | (2,613,023) |  |  | (2,359,356) |
Other income (expense), net |  |  |  |  |  |  |  |  |  |  |  | (762,696) |
Loss before income taxes |  |  |  |  |  |  |  |  |  |  |  | (3,122,052) |
Provision for (benefit from) income taxes |  |  |  |  |  |  |  |  |  |  |  | (146,198) |
Net loss |  |  |  |  |  |  |  |  |  |  |  | (2,975,854) |
Loss attributable to non-controlling interests |  |  |  |  |  |  |  |  |  |  |  | (1,110,522) |
Net loss attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  | $ | (1,865,332) |
Depreciation and amortization expenses for the three months ended September 30, 2016 for the retail, bulk and services segments were $567,833, $811,741 and $451,267, respectively.
|  | Three Months Ended September 30, 2015 |
|  | Retail |  | Bulk |  | Services |  | Total |
Revenues |  | $ | 5,828,288 |  | $ | 7,919,920 |  | $ | 857,441 |  | $ | 14,605,649 |
Cost of revenues |  |  | 2,640,458 |  |  | 5,661,247 |  |  | 662,201 |  |  | 8,963,906 |
Gross profit |  |  | 3,187,830 |  |  | 2,258,673 |  |  | 195,240 |  |  | 5,641,743 |
General and administrative expenses |  |  | 2,728,473 |  |  | 357,995 |  |  | 401,499 |  |  | 3,487,967 |
Income (loss) from operations |  | $ | 459,357 |  | $ | 1,900,678 |  | $ | (206,259) |  |  | 2,153,776 |
Other income (expense), net |  |  |  |  |  |  |  |  |  |  |  | (302,603) |
Net income |  |  |  |  |  |  |  |  |  |  |  | 1,851,173 |
Income attributable to non-controlling interests |  |  |  |  |  |  |  |  |  |  |  | 75,673 |
Net income attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  | $ | 1,775,500 |
Depreciation and amortization expenses for the three months ended September 30, 2015 for the retail, bulk and services segments were $583,551, $815,994 and $28,976, respectively.
|  | Nine Months Ended September 30, 2016 |
|  | Retail |  | Bulk |  | Services |  | Total |
Revenues |  | $ | 17,710,271 |  | $ | 22,136,086 |  | $ | 3,972,403 |  | $ | 43,818,760 |
Cost of revenues |  |  | 7,779,831 |  |  | 14,345,747 |  |  | 3,004,449 |  |  | 25,130,027 |
Gross profit |  |  | 9,930,440 |  |  | 7,790,339 |  |  | 967,954 |  |  | 18,688,733 |
General and administrative expenses |  |  | 8,588,529 |  |  | 1,302,884 |  |  | 4,034,026 |  |  | 13,925,439 |
Impairment loss on long-lived assets |  |  | 2,000,000 |  |  | - |  |  | - |  |  | 2,000,000 |
Impairment of goodwill |  |  | - |  |  | - |  |  | 1,750,000 |  |  | 1,750,000 |
Income (loss) from operations |  | $ | (658,089) |  | $ | 6,487,455 |  | $ | (4,816,072) |  |  | 1,013,294 |
Other income (expense), net |  |  |  |  |  |  |  |  |  |  |  | 45,698 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  | 1,058,992 |
Provision for (benefit from) income taxes |  |  |  |  |  |  |  |  |  |  |  | (389,860) |
Net income |  |  |  |  |  |  |  |  |  |  |  | 1,448,852 |
Loss attributable to non-controlling interests |  |  |  |  |  |  |  |  |  |  |  | (944,790) |
Net income attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  | $ | 2,393,642 |
Depreciation and amortization expenses for the nine months ended September 30, 2016 for the retail, bulk and services segments were $1,714,928, $2,480,314 and $1,213,282, respectively.
|  | Nine Months Ended September 30, 2015 |
|  | Retail |  | Bulk |  | Services |  | Total |
Revenues |  | $ | 18,116,111 |  | $ | 24,489,509 |  | $ | 1,151,810 |  | $ | 43,757,430 |
Cost of revenues |  |  | 8,065,019 |  |  | 16,777,236 |  |  | 1,159,836 |  |  | 26,002,091 |
Gross profit (loss) |  |  | 10,051,092 |  |  | 7,712,273 |  |  | (8,026) |  |  | 17,755,339 |
General and administrative expenses |  |  | 8,360,765 |  |  | 1,187,824 |  |  | 1,493,918 |  |  | 11,042,507 |
Income (loss) from operations |  | $ | 1,690,327 |  | $ | 6,524,449 |  | $ | (1,501,944) |  |  | 6,712,832 |
Other income (expense), net |  |  |  |  |  |  |  |  |  |  |  | (493,965) |
Net income |  |  |  |  |  |  |  |  |  |  |  | 6,218,867 |
Income attributable to non-controlling interests |  |  |  |  |  |  |  |  |  |  |  | 294,006 |
Net income attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  | $ | 5,924,861 |
Depreciation and amortization expenses for the nine months ended September 30, 2015 for the retail, bulk and services segments were $1,755,123, $2,419,509 and $73,924, respectively.
|  | As of September 30, 2016 |
|  | Retail |  | Bulk |  | Services |  | Total |
Accounts receivable, net |  | $ | 2,479,251 |  | $ | 11,704,695 |  | $ | 915,289 |  | $ | 15,099,235 |
Property plant and equipment, net |  | $ | 23,844,950 |  | $ | 26,775,210 |  | $ | 2,122,784 |  | $ | 52,742,944 |
Construction in progress |  | $ | 1,545,294 |  | $ | 257,557 |  | $ | 7,859 |  | $ | 1,810,710 |
Intangibles, net |  | $ | - |  | $ | 616,508 |  | $ | 4,978,052 |  | $ | 5,594,560 |
Goodwill |  | $ | 1,170,511 |  | $ | 2,328,526 |  | $ | 6,285,211 |  | $ | 9,784,248 |
Land held for development |  | $ | - |  | $ | - |  | $ | 20,558,424 |  | $ | 20,558,424 |
Total assets |  | $ | 55,710,082 |  | $ | 68,433,012 |  | $ | 39,146,429 |  | $ | 163,289,523 |
|  | 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 |

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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 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: 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=68060357&loc=d3e9038-108599 Reference 3: 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=68060357&loc=d3e8971-108599 Reference 4: 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=68060357&loc=d3e8595-108599 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=68060357&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 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: 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=68060357&loc=d3e8844-108599 Reference 8: 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=68060357&loc=d3e8984-108599 Reference 9: 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=68060357&loc=d3e9031-108599 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=68060357&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 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: 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=68060357&loc=d3e8864-108599 Reference 13: 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=68060357&loc=d3e8924-108599 Reference 14: 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=68060357&loc=d3e8906-108599 + Details
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