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Segment information
 9 Months Ended
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