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Purchase of interest in Aerex Industries, Inc. (Tables) | 9 Months Ended
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Sep. 30, 2016
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | The purchase price for Aerex is summarized as follows:
|  | February 11, 2016 |
Cash consideration |  |  |  |
Purchase price (excluding working capital) |  | $ | 7,140,000 |
Working capital adjustment |  |  | 605,179 |
Cash acquired |  |  | (2,326) |
Total cash consideration |  | $ | 7,742,853 |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The following table summarizes the estimated fair values of the assets and liabilities assumed at the acquisition date:
|  | February 11, 2016 |
Financial assets |  | $ | 456,664 |
Inventory |  |  | 70,487 |
Costs and estimated earnings in excess of billings |  |  | 784,465 |
Property, plant and equipment |  |  | 2,159,401 |
Identifiable intangible assets |  |  | 5,900,000 |
Deferred tax liability |  |  | (2,451,298) |
Accounts payable and accrued liabilities |  |  | (116,893) |
Net liability arising from put/call options |  |  | (383,000) |
Total identifiable net assets |  |  | 6,419,826 |
Non-controlling interest in Aerex |  |  | (6,712,184) |
Goodwill |  |  | 8,035,211 |
|  | $ | 7,742,853 |
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block] | The identifiable intangible assets consist of the following items with amortization calculated using a straight line method over the useful life of the asset:
|  | February 11, 2016 |  | Accumulated Amortization |  | September 30, 2016 |  | Useful life
Non-compete agreement |  | $ | 400,000 |  | $ | 53,333 |  | $ | 346,667 |  | 5 years
Trade name |  |  | 1,400,000 |  |  | 62,223 |  |  | 1,337,777 |  | 15 years
Certifications/programs |  |  | 2,000,000 |  |  | 444,444 |  |  | 1,555,556 |  | 3 years
Customer backlog |  |  | 100,000 |  |  | 66,667 |  |  | 33,333 |  | 1 year
Customer relationships |  |  | 2,000,000 |  |  | 333,333 |  |  | 1,666,667 |  | 4 years
|  | $ | 5,900,000 |  | $ | 960,000 |  | $ | 4,940,000 |  |
Business Acquisition, Pro Forma Information [Table Text Block] | The following pro forma financial information presents the results of operations of the Company for the nine months ended September 30, 2016 and 2015, as if the acquisition of Aerex had taken place on January 1, 2015. The pro forma results have been prepared for comparative purposes only and do not purport to be indicative of the results of operations which would have actually occurred had the transaction taken place on January 1, 2015, or of future results of operations:
|  | Nine Months Ended September 30, |
|  | 2016 |  | 2015 |
Revenues |  | $ | 44,324,477 |  | $ | 60,383,276 |
Cost of revenues |  |  | 25,397,444 |  |  | 38,135,655 |
Gross profit |  |  | 18,927,033 |  |  | 22,247,621 |
General and administrative expenses |  |  | 14,240,156 |  |  | 12,601,144 |
Impairment loss on long-lived assets |  |  | 2,000,000 |  |  | - |
Impairment of goodwill |  |  | 1,750,000 |  |  | - |
Income from operations |  |  | 936,877 |  |  | 9,646,477 |
Other income (expense), net |  |  | 47,202 |  |  | (487,401) |
Income before income taxes |  |  | 984,079 |  |  | 9,159,076 |
Provision for (benefit from) income taxes |  |  | (462,773) |  |  | 1,027,589 |
Net income |  |  | 1,446,852 |  |  | 8,131,487 |
Income (loss) attributable to non-controlling interests |  |  | (920,277) |  |  | 1,417,703 |
Net income attributable to Consolidated Water Co. Ltd. stockholders |  | $ | 2,367,129 |  | $ | 6,713,784 |
Basic earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders |  | $ | 0.16 |  | $ | 0.46 |
Diluted earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders |  | $ | 0.16 |  | $ | 0.45 |
Weighted average number of common shares used in the determination of: |  |  |  |  |  |  |
Basic earnings per share |  |  | 14,803,216 |  |  | 14,734,799 |
Diluted earnings per share |  |  | 14,940,635 |  |  | 14,787,904 |

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- Definition Tabular disclosure of finite-lived intangible assets acquired as part of a business combination or through an asset purchase, by major class and in total, including the value of the asset acquired, any significant residual value (the expected value of the asset at the end of its useful life) and the weighted-average amortization period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275 + Details
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