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 September 30, 2017
	Retail		Bulk		Services		Manufacturing		Total
Revenues	$	5,570,654	$	7,881,464	$	111,302	$	3,008,783	$	16,572,203
Cost of revenues		2,488,441		5,582,401		114,667		2,078,888		10,264,397
Gross profit (loss)		3,082,213		2,299,063		(3,365)		929,895		6,307,806
General and administrative expenses		3,070,681		315,374		863,646		646,622		4,896,323
Impairment loss on long-lived assets		578,480		-		-		-		578,480
Income (loss) from operations	$	(566,948)	$	1,983,689	$	(867,011)	$	283,273		833,003
Other income, net										447,294
Income before income taxes										1,280,297
Provision for (benefit from) income taxes										(136,447)
Net income										1,416,744
Income from attributable to non-controlling interests										255,605
Net income attributable to Consolidated Water Co. Ltd. stockholders									$	1,161,139

Depreciation and amortization expenses for the three months ended September 30, 2017 for the retail, bulk, services and manufacturing segments were $ 491,771, $1,274,471, $7,638, and $398,368 respectively.

	Three Months Ended September 30, 2016
	Retail		Bulk		Services		Manufacturing		Total
Revenues	$	5,447,200	$	7,429,732	$	125,929	$	1,382,492	$	14,385,353
Cost of revenues		2,464,841		4,922,162		168,577		910,450		8,466,030
Gross profit (loss)		2,982,359		2,507,570		(42,648)		472,042		5,919,323
General and administrative expenses		2,811,262		425,000		643,660		648,757		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	$	(686,308)	$	(1,926,715)		(2,359,356)
Other 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, services and manufacturing segments were $567,833, $811,741, $29,037 and $422,230 respectively.

	Nine Months Ended September 30, 2017
	Retail		Bulk		Services		Manufacturing		Total
Revenues	$	18,111,274	$	23,615,787	$	360,758	$	5,444,678	$	47,532,497
Cost of revenues		7,895,617		15,750,402		320,586		3,967,945		27,934,550
Gross profit		10,215,657		7,865,385		40,172		1,476,733		19,597,947
General and administrative expenses		9,288,941		940,105		2,498,766		1,967,372		14,695,184
Impairment loss on long-lived assets		1,578,480		-		-		-		1,578,480
Income (loss) from operations	$	(651,764)	$	6,925,280	$	(2,458,594)	$	(490,639)		3,324,283
Other income (expense), net										871,956
Income before income taxes										4,196,239
Provision for (benefit from) income taxes										(412,592)
Net income										4,608,831
Income from attributable to non-controlling interests										191,916
Net income attributable to Consolidated Water Co. Ltd. stockholders									$	4,416,915

Depreciation and amortization expenses for the nine months ended September 30, 2017 for the retail, bulk, services and manufacturing segments were $1,514,069, $2,928,287, $37,295, and $1,204,313 respectively.

	Nine Months Ended September 30, 2016
	Retail		Bulk		Services		Manufacturing		Total
Revenues	$	17,710,271	$	22,136,086	$	710,576	$	3,261,827	$	43,818,760
Cost of revenues		7,779,831		14,345,747		638,389		2,366,060		25,130,027
Gross profit		9,930,440		7,790,339		72,187		895,767		18,688,733
General and administrative expenses		8,588,529		1,302,884		2,363,392		1,670,634		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	$	(2,291,205)	$	(2,524,867)		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, services and manufacturing segments were $1,714,928, $2,480,314, $87,113 and $1,126,169 respectively.

	As of September 30, 2017
	Retail		Bulk		Services		Manufacturing		Total
Accounts receivable, net	$	1,855,483	$	9,457,940	$	1,343,756	$	350,704	$	13,007,883
Property plant and equipment, net	$	23,466,107	$	25,311,839	$	96,698	$	1,884,614	$	50,759,258
Construction in progress	$	195,508	$	1,226,677	$	3,256	$	7,900	$	1,433,341
Intangibles, net	$	-	$	550,315	$	-	$	3,566,667	$	4,116,982
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	$	54,650,263	$	72,474,419	$	24,197,958	$	14,517,817	$	165,840,457

	As of December 31, 2016
	Retail		Bulk		Services		Manufacturing		Total
Accounts receivable, net	$	2,646,628	$	12,692,714	$	629,930	$	531,526	$	16,500,798
Property plant and equipment, net	$	24,890,031	$	26,124,724	$	91,030	$	1,978,320	$	53,084,105
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	$	54,303,011	$	68,663,628	$	25,558,495	$	15,079,394	$	163,604,528