The Company’s segments are strategic business units that are managed separately because each segment sells different products and/or services, serves customers with distinctly different needs and generates different gross profit margins.

	Three Months Ended June 30, 2017
	Retail		Bulk		Services		Manufacturing		Total
Revenues	$	6,029,449	$	8,043,921	$	119,204	$	1,056,047	$	15,248,621
Cost of revenues		2,659,066		5,152,212		103,753		847,760		8,762,791
Gross profit		3,370,383		2,891,709		15,451		208,287		6,485,830
General and administrative expenses		3,163,902		323,654		891,714		580,900		4,960,170
Income (loss) from operations	$	206,481	$	2,568,055	$	(876,263)	$	(372,613)		1,525,660
Other income, net										21,528
Income before income taxes										1,547,188
Benefit from income taxes										(136,448)
Net income from continuing operations before non-controlling interests										1,683,636
Loss from continuing operations attributable to non-controlling interests										(8,354)
Net income from continuing operations										1,691,990
Net loss from discontinued operations										(1,067,442)
Net income attributable to Consolidated Water Co. Ltd. stockholders									$	624,548

Depreciation and amortization expenses from continuing operations for the three months ended June 30, 2017 for the retail, bulk, services and manufacturing segments were $488,895, $827,037, $7,638 and $399,455, respectively.

	Three Months Ended June 30, 2016
	Retail		Bulk		Services		Manufacturing		Total
Revenues	$	6,273,400	$	7,441,061	$	403,935	$	1,260,806	$	15,379,202
Cost of revenues		2,555,545		4,813,261		272,537		1,035,142		8,676,485
Gross profit (loss)		3,717,855		2,627,800		131,398		225,664		6,702,717
General and administrative expenses		2,832,425		441,987		913,159		701,223		4,888,794
Income (loss) from operations	$	885,430	$	2,185,813	$	(781,761)	$	(475,559)		1,813,923
Other income, net										404,178
Income before income taxes										2,218,101
Benefit from income taxes										(170,393)
Net income from continuing operations before non-controlling interests										2,388,494
Income from continuing operations attributable to non-controlling interests										48,544
Net income from continuing operations										2,339,950
Net loss from discontinued operations										(135,617)
Net income attributable to Consolidated Water Co. Ltd. stockholders									$	2,204,333

Depreciation and amortization expenses from continuing operations for the three months ended June 30, 2016 for the retail, bulk, services and manufacturing segments were $483,009, $841,184, $29,038 and $493,270, respectively.

	Six Months Ended June 30, 2017
	Retail		Bulk		Services		Manufacturing		Total
Revenues	$	12,478,399	$	15,734,323	$	249,456	$	2,435,895	$	30,898,073
Cost of revenues		5,278,713		10,168,001		205,919		1,889,057		17,541,690
Gross profit		7,199,686		5,566,322		43,537		546,838		13,356,383
General and administrative expenses		6,134,079		624,731		1,635,120		1,320,750		9,714,680
Income (loss) from operations	$	1,065,607	$	4,941,591	$	(1,591,583)	$	(773,912)		3,641,703
Other income, net										425,089
Income before income taxes										4,066,792
Benefit from income taxes										(276,145)
Net income from continuing operations before non-controlling interests										4,342,937
Loss from continuing operations attributable to non-controlling interests										(56,146)
Net income from continuing operations										4,399,083
Loss from discontinued operations										(1,143,307)
Net income attributable to Consolidated Water Co. Ltd. stockholders									$	3,255,776

Depreciation and amortization expenses from continuing operations for the six months ended June 30, 2017 for the retail, bulk, services and manufacturing segments were $975,133, $1,653,816, $29,657 and $805,945, respectively.

	Six Months Ended June 30, 2016
	Retail		Bulk		Services		Manufacturing		Total
Revenues	$	12,216,660	$	14,706,354	$	584,647	$	1,879,335		29,386,996
Cost of revenues		5,065,540		9,423,585		469,813		1,455,609		16,414,547
Gross profit		7,151,120		5,282,769		114,834		423,726		12,972,449
General and administrative expenses		5,676,366		877,882		1,719,731		1,021,877		9,295,856
Income (loss) from operations	$	1,474,754	$	4,404,887	$	(1,604,897)	$	(598,151)		3,676,593
Other income, net										632,425
Income before income taxes										4,309,018
Benefit from income taxes										(243,662)
Net income from continuing operations before non-controlling interests										4,552,680
Income from continuing operations attributable to non-controlling interests										172,040
Net income from continuing operations										4,380,640
Loss from discontinued operations										(121,666)
Net income attributable to Consolidated Water Co. Ltd. stockholders									$	4,258,974

Depreciation and amortization expenses from continuing operations for the six months ended June 30, 2016 for the retail, bulk, services and manufacturing segments were $995,552, $1,668,573, $58,076 and $703,939, respectively.

	As of June 30, 2017
	Retail		Bulk		Services		Manufacturing		Total
Accounts receivable, net	$	2,109,492	$	10,461,311	$	974,505	$	545,811	$	14,091,119
Property plant and equipment, net		23,621,754		24,783,102		104,337		1,953,942		50,463,135
Construction in progress		105,681		2,714,010		(22,633)		7,900		2,804,958
Intangibles, net		-		566,863		-		3,901,667		4,468,530
Goodwill		1,170,511		2,328,526		-		6,285,211		9,784,248
Land held for development		-		-		20,558,424		-		20,558,424
Total segment assets		52,776,187		72,904,263		24,561,282		15,243,583		165,485,315
Assets of discontinued operations										308,832
Total assets										165,794,147

	As of December 31, 2016
	Retail		Bulk		Services		Manufacturing		Total
Accounts receivable, net	$	2,626,469	$	12,692,714	$	629,930	$	531,526	$	16,480,639
Property plant and equipment, net		24,277,463		26,124,724		91,030		1,978,320		52,471,537
Construction in progress		134,392		743,296		-		7,806		885,494
Intangibles, net		-		599,960		15,516		4,580,000		5,195,476
Goodwill		1,170,511		2,328,526		-		6,285,211		9,784,248
Land held for development		-		-		20,558,424		-		20,558,424
Total segment assets		53,049,868		68,663,628		25,558,495		15,079,394		162,351,385
Assets of discontinued operations										1,253,143
Total assets										163,604,528