XML 34 R23.htm IDEA: XBRL DOCUMENT
v3.19.1

Segment information (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2019
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | 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 March 31, 2019 |
|  | Retail |  |  | Bulk |  |  | Services |  |  | Manufacturing |  |  | Total |
Revenues |  | $ | 6,686,660 |  |  | $ | 7,111,313 |  |  | $ | 100,577 |  |  | $ | 3,089,974 |  |  | $ | 16,988,524 |
Cost of revenues |  |  | 2,825,604 |  |  |  | 4,954,591 |  |  |  | 121,919 |  |  |  | 2,124,107 |  |  |  | 10,026,221 |
Gross profit (loss) |  |  | 3,861,056 |  |  |  | 2,156,722 |  |  |  | (21,342 | ) |  |  | 965,867 |  |  |  | 6,962,303 |
General and administrative expenses |  |  | 3,117,278 |  |  |  | 261,412 |  |  |  | 485,885 |  |  |  | 513,459 |  |  |  | 4,378,034 |
Gain (loss) on asset dispositions and impairments, net |  |  | (2,731 | ) |  |  | 46,500 |  |  |  | - |  |  |  | - |  |  |  | 43,769 |
Income (loss) from operations |  | $ | 741,047 |  |  | $ | 1,941,810 |  |  | $ | (507,227 | ) |  | $ | 452,408 |  |  |  | 2,628,038 |
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 260,090 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,888,128 |
Provision for income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 48,959 |
Net income from continuing operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,839,169 |
Income from continuing operations attributable to non-controlling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 273,908 |
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,565,261 |
Total income from discontinued operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,621,170 |
Net income attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 6,186,431 |
Depreciation and amortization expenses for the three months ended March 31, 2019 for the retail, bulk, services and manufacturing segments were $518,014, $947,689, $1,136 and $277,053, respectively.
|  | Three Months Ended March 31, 2018 |
|  | Retail |  |  | Bulk |  |  | Services |  |  | Manufacturing |  |  | Total |
Revenues |  | $ | 6,431,348 |  |  | $ | 7,446,783 |  |  | $ | 123,764 |  |  | $ | 552,768 |  |  | $ | 14,554,663 |
Cost of revenues |  |  | 2,761,554 |  |  |  | 5,050,336 |  |  |  | 134,871 |  |  |  | 438,861 |  |  |  | 8,385,622 |
Gross profit (loss) |  |  | 3,669,794 |  |  |  | 2,396,447 |  |  |  | (11,107 | ) |  |  | 113,907 |  |  |  | 6,169,041 |
General and administrative expenses |  |  | 3,145,483 |  |  |  | 236,234 |  |  |  | 650,636 |  |  |  | 629,358 |  |  |  | 4,661,711 |
Gain (loss) on asset dispositions and impairments, net |  |  | (1,340 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (1,340 | )
Income (loss) from operations |  | $ | 522,971 |  |  | $ | 2,160,213 |  |  | $ | (661,743 | ) |  | $ | (515,451 | ) |  |  | 1,505,990 |
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 147,597 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,653,587 |
(Benefit from) income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (77,388 | )
Net income from continuing operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,730,975 |
Loss from continuing operations attributable to non-controlling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (34,493 | )
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,765,468 |
Total income from discontinued operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 327,057 |
Net income attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 2,092,525 |
Depreciation and amortization expenses for the three months ended March 31, 2018 for the retail, bulk, services and manufacturing segments were $503,013, $763,547, $7,638 and $399,294, respectively.
|  | As of March 31, 2019 |
|  | Retail |  |  | Bulk |  |  | Services |  |  | Manufacturing |  |  | Total |
Accounts receivable, net |  | $ | 3,005,535 |  |  | $ | 17,589,889 |  |  | $ | 1,442,301 |  |  | $ | 414,443 |  |  | $ | 22,452,168 |
Property, plant and equipment, net |  | $ | 30,193,276 |  |  | $ | 32,488,494 |  |  | $ | 13,636 |  |  | $ | 1,598,664 |  |  | $ | 64,294,070 |
Construction in progress |  | $ | 37,611 |  |  | $ | 368,669 |  |  | $ | - |  |  | $ | - |  |  | $ | 406,280 |
Intangibles, net |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 1,667,778 |  |  | $ | 1,667,778 |
Goodwill |  | $ | 1,170,511 |  |  | $ | 1,948,875 |  |  | $ | - |  |  | $ | 4,885,211 |  |  | $ | 8,004,597 |
Land and rights of way held for development |  | $ | - |  |  | $ | - |  |  | $ | 24,161,024 |  |  | $ | - |  |  | $ | 24,161,024 |
Total segment assets |  | $ | 64,288,344 |  |  | $ | 69,561,766 |  |  | $ | 31,942,450 |  |  | $ | 15,438,166 |  |  | $ | 181,230,726 |
|  | As of December 31, 2018 |
|  | Retail |  |  | Bulk |  |  | Services |  |  | Manufacturing |  |  | Total |
Accounts receivable, net |  | $ | 2,947,193 |  |  | $ | 18,480,589 |  |  | $ | 1,812,838 |  |  | $ | 987,475 |  |  | $ | 24,228,095 |
Property, plant and equipment, net |  | $ | 24,435,501 |  |  | $ | 32,820,908 |  |  | $ | 14,772 |  |  | $ | 1,609,637 |  |  | $ | 58,880,818 |
Construction in progress |  | $ | 5,437,093 |  |  | $ | 574,659 |  |  | $ | 3,291 |  |  | $ | - |  |  | $ | 6,015,043 |
Intangibles, net |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 1,891,667 |  |  | $ | 1,891,667 |
Goodwill |  | $ | 1,170,511 |  |  | $ | 1,948,875 |  |  | $ | - |  |  | $ | 4,885,211 |  |  | $ | 8,004,597 |
Land and rights of way held for development |  | $ | - |  |  | $ | - |  |  | $ | 24,161,024 |  |  | $ | - |  |  | $ | 24,161,024 |
Total segment assets |  | $ | 61,210,879 |  |  | $ | 67,740,088 |  |  | $ | 27,406,983 |  |  | $ | 12,254,121 |  |  | $ | 168,612,071 |
Assets of discontinued operations |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 3,903,527 |
Total assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 172,515,598 |

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=108376223&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8721-108599 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=115929826&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration