Segment information

3 Months Ended

Mar. 31, 2019

Segment Reporting Disclosure [Text Block]

4. Segment information

The Company has four reportable segments: retail, bulk, services and manufacturing. The retail segment primarily 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. The bulk segment supplies potable water to government utilities in Grand Cayman and The Bahamas under long-term contracts. The services segment provides desalination plant management and operating services to affiliated companies and designs, constructs and sells desalination plants to third parties. The manufacturing segment manufactures and services a wide range of water-related products and provides design, engineering, management, operating and other services applicable to commercial, municipal and industrial water production, supply and treatment. 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 costs to its other three 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 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