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Segment information (Tables) | 3 Months Ended
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Mar. 31, 2020
Segment information |
Schedule of segment reporting information, by segment | 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, 2020
|  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Revenue |  | $ | 7,257,432 |  | $ | 6,440,284 |  | $ | 3,114,813 |  | $ | 3,913,192 |  | $ | 20,725,721
Cost of revenue |  |  | 2,986,620 |  |  | 4,564,580 |  |  | 2,273,520 |  |  | 2,460,680 |  |  | 12,285,400
Gross profit |  |  | 4,270,812 |  |  | 1,875,704 |  |  | 841,293 |  |  | 1,452,512 |  |  | 8,440,321
General and administrative expenses |  |  | 3,373,839 |  |  | 292,046 |  |  | 1,131,138 |  |  | 356,734 |  |  | 5,153,757
Gain (loss) on asset dispositions and impairments, net |  |  | — |  |  | 200 |  |  | (420) |  |  | — |  |  | (220)
Income (loss) from operations |  | $ | 896,973 |  | $ | 1,583,858 |  | $ | (290,265) |  | $ | 1,095,778 |  |  | 3,286,344
Other income, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 169,344
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,455,688
Provision for income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 206,083
Net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,249,605
Income attributable to non-controlling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 360,998
Net income attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 2,888,607
Depreciation and amortization expenses for the three months ended March 31, 2020 for the retail, bulk, services and manufacturing segments were $604,813, $967,235, $183,886 and $126,134, respectively.
|  | Three Months Ended March 31, 2019
|  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Revenue |  | $ | 6,686,660 |  | $ | 7,111,313 |  | $ | 100,577 |  | $ | 3,089,974 |  | $ | 16,988,524
Cost of revenue |  |  | 2,825,604 |  |  | 4,954,591 |  |  | 121,919 |  |  | 2,124,107 |  |  | 10,026,221
Gross profit |  |  | 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.
|  | As of March 31, 2020
|  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Accounts receivable, net |  | $ | 3,237,362 |  | $ | 18,276,079 |  | $ | 1,565,697 |  | $ | 2,545,645 |  | $ | 25,624,783
Inventory, current and non-current |  | $ | 2,804,866 |  | $ | 3,784,087 |  |  | — |  |  | 4,227,294 |  |  | 10,816,247
Property, plant and equipment, net |  | $ | 29,221,683 |  | $ | 30,126,797 |  | $ | 275,487 |  | $ | 1,615,446 |  | $ | 61,239,413
Construction in progress |  | $ | 170,429 |  | $ | 31,737 |  | $ | — |  | $ | 126,168 |  | $ | 328,334
Intangibles, net |  | $ | — |  | $ | — |  | $ | 3,708,055 |  | $ | 1,077,778 |  | $ | 4,785,833
Goodwill |  | $ | 1,170,511 |  | $ | 1,948,875 |  | $ | 5,320,416 |  | $ | 4,885,211 |  | $ | 13,325,013
Land and rights of way held for development |  | $ | — |  | $ | — |  | $ | 24,162,523 |  | $ | — |  | $ | 24,162,523
Total segment assets |  | $ | 54,467,510 |  | $ | 70,961,688 |  | $ | 42,742,706 |  | $ | 17,520,255 |  | $ | 185,692,159
|  | As of December 31, 2019
|  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Accounts receivable, net |  | $ | 2,891,165 |  | $ | 18,883,493 |  | $ | 954,149 |  | $ | 500,882 |  | $ | 23,229,689
Inventory, current and non-current |  | $ | 2,668,902 |  | $ | 3,628,443 |  | $ | — |  | $ | 1,394,588 |  | $ | 7,691,933
Property, plant and equipment, net |  | $ | 29,177,718 |  | $ | 30,281,647 |  | $ | 168,585 |  | $ | 1,621,029 |  | $ | 61,248,979
Construction in progress |  | $ | 396,214 |  | $ | 869,792 |  | $ | — |  | $ | 69,591 |  | $ | 1,335,597
Intangibles, net |  | $ | — |  | $ | — |  | $ | 3,877,222 |  | $ | 1,162,778 |  | $ | 5,040,000
Goodwill |  | $ | 1,170,511 |  | $ | 1,948,875 |  | $ | 5,320,416 |  | $ | 4,885,211 |  | $ | 13,325,013
Land and rights of way held for development |  | $ | — |  | $ | — |  | $ | 24,162,523 |  | $ | — |  | $ | 24,162,523
Total segment assets |  | $ | 65,554,640 |  | $ | 69,423,770 |  | $ | 42,459,177 |  | $ | 14,854,557 |  | $ | 192,292,144

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- 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
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