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Segment information (Tables) | 9 Months Ended
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Sep. 30, 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 September 30, 2020
​ |  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Revenue | ​ | $ | 4,993,069 | ​ | $ | 6,061,475 | ​ | $ | 3,351,935 | ​ | $ | 3,259,778 |  | $ | 17,666,257
Cost of revenue | ​ |  | 2,586,901 | ​ |  | 4,400,717 | ​ |  | 2,513,272 | ​ |  | 1,949,731 | ​ |  | 11,450,621
Gross profit | ​ |  | 2,406,168 | ​ |  | 1,660,758 | ​ |  | 838,663 | ​ |  | 1,310,047 | ​ |  | 6,215,636
General and administrative expenses | ​ |  | 3,367,802 | ​ |  | 382,662 | ​ |  | 728,829 | ​ |  | 330,723 | ​ |  | 4,810,016
Loss on asset dispositions and impairments, net | ​ |  | — | ​ |  | — | ​ |  | (984) | ​ |  | — | ​ |  | (984)
Income (loss) from operations | ​ | $ | (961,634) | ​ | $ | 1,278,096 | ​ | $ | 108,850 | ​ | $ | 979,324 | ​ |  | 1,404,636
Other income, net | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |  | 245,492
Income before income taxes | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 1,650,128
Benefit from income taxes | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | (263,165)
Net income from continuing operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 1,913,293
Income from continuing operations attributable to non-controlling interests | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 101,137
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 1,812,156
Net loss from discontinued operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | (377,321)
Net income attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ | $ | 1,434,835
​ Depreciation and amortization expenses for the three months ended September 30, 2020 for the retail, bulk, services and manufacturing segments were $596,528, $971,914, $191,419 and $88,452, respectively. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended September 30, 2019
​ |  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Revenue | ​ | $ | 6,271,220 | ​ | $ | 6,449,757 | ​ | $ | 95,980 | ​ | $ | 3,072,282 | ​ | $ | 15,889,239
Cost of revenue | ​ |  | 2,945,586 | ​ |  | 4,269,739 | ​ |  | 31,601 | ​ |  | 1,933,333 | ​ |  | 9,180,259
Gross profit | ​ |  | 3,325,634 | ​ |  | 2,180,018 | ​ |  | 64,379 | ​ |  | 1,138,949 | ​ |  | 6,708,980
General and administrative expenses | ​ |  | 3,497,320 | ​ |  | 294,189 | ​ |  | 549 | ​ |  | 487,914 | ​ |  | 4,279,972
Gain on asset dispositions and impairments, net | ​ |  | 6,518 | ​ |  | 500 | ​ |  | — | ​ |  | — | ​ |  | 7,018
Income (loss) from operations | ​ | $ | (165,168) | ​ | $ | 1,886,329 | ​ | $ | 63,830 | ​ | $ | 651,035 | ​ |  | 2,436,026
Other income, net | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 216,896
Income before income taxes | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 2,652,922
Benefit from income taxes | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | (40,075)
Net income from continuing operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 2,692,997
Income attributable to non-controlling interests | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 433,235
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 2,259,762
Net loss from discontinued operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | (532,710)
Net income attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ | $ | 1,727,052
​ Depreciation and amortization expenses for the three months ended September 30, 2019 for the retail, bulk, services and manufacturing segments were $617,671, $933,955, $0 and $214,751, respectively. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Nine Months Ended September 30, 2020
​ |  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Revenue | ​ | $ | 18,216,797 | ​ | $ | 18,368,156 | ​ | $ | 9,942,748 | ​ | $ | 10,951,524 |  | $ | 57,479,225
Cost of revenue | ​ |  | 8,343,018 | ​ |  | 12,906,606 | ​ |  | 7,418,305 | ​ |  | 6,852,196 | ​ |  | 35,520,125
Gross profit | ​ |  | 9,873,779 | ​ |  | 5,461,550 | ​ |  | 2,524,443 | ​ |  | 4,099,328 | ​ |  | 21,959,100
General and administrative expenses | ​ |  | 10,008,423 | ​ |  | 935,808 | ​ |  | 2,112,869 | ​ |  | 1,005,838 | ​ |  | 14,062,938
Gain on asset dispositions and impairments, net | ​ |  | — | ​ |  | 200 | ​ |  | 3,801 | ​ |  | — | ​ |  | 4,001
Income (loss) from operations | ​ | $ | (134,644) | ​ | $ | 4,525,942 | ​ | $ | 415,375 | ​ | $ | 3,093,490 | ​ |  | 7,900,163
Other income, net | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ | ​ | 533,710
Income before income taxes | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 8,433,873
Provision for income taxes | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 147,186
Net income from continuing operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 8,286,687
Income from continuing operations attributable to non-controlling interests | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 642,289
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 7,644,398
Net loss from discontinued operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | (4,448,798)
Net income attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ | $ | 3,195,600
​ Depreciation and amortization expenses for the nine months ended September 30, 2020 for the retail, bulk, services and manufacturing segments were $1,796,588, $2,906,213, $562,756 and $296,926, respectively. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Nine Months Ended September 30, 2019
​ |  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Revenue | ​ | $ | 19,941,395 | ​ | $ | 20,502,121 | ​ | $ | 287,349 | ​ | $ | 10,452,158 | ​ | $ | 51,183,023
Cost of revenue | ​ |  | 8,753,948 | ​ |  | 13,992,452 | ​ |  | 198,614 | ​ |  | 7,013,977 | ​ |  | 29,958,991
Gross profit | ​ |  | 11,187,447 | ​ |  | 6,509,669 | ​ |  | 88,735 | ​ |  | 3,438,181 | ​ |  | 21,224,032
General and administrative expenses | ​ |  | 10,020,019 | ​ |  | 900,572 | ​ |  | 2,865 | ​ |  | 1,466,091 | ​ |  | 12,389,547
Gain on asset dispositions and impairments, net | ​ |  | 401,088 | ​ |  | 47,000 | ​ |  | — | ​ |  | — | ​ |  | 448,088
Income from operations | ​ | $ | 1,568,516 | ​ | $ | 5,656,097 | ​ | $ | 85,870 | ​ | $ | 1,972,090 | ​ |  | 9,282,573
Other income, net | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 518,031
Income before income taxes | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 9,800,604
Provision for income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 73,117
Net income from continuing operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 9,727,487
Income from continuing operations attributable to non-controlling interests | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 1,172,039
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 8,555,448
Net income from discontinued operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 1,834,297
Net income attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ | $ | 10,389,745
​ Depreciation and amortization expenses for the nine months ended September 30, 2019 for the retail, bulk, services and manufacturing segments were $1,751,048, $2,858,081, $0 and $707,517, respectively. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | As of September 30, 2020
​ |  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Accounts receivable, net | ​ | $ | 2,374,722 | ​ | $ | 18,609,023 | ​ | $ | 1,598,836 | ​ | $ | 1,828,747 | ​ | $ | 24,411,328
Inventory, current and non-current | ​ | $ | 2,811,852 | ​ | $ | 4,006,117 | ​ | $ | — | ​ | $ | 1,609,800 | ​ | $ | 8,427,769
Property, plant and equipment, net | ​ | $ | 28,355,776 | ​ | $ | 28,537,623 | ​ | $ | 487,555 | ​ | $ | 1,675,824 | ​ | $ | 59,056,778
Construction in progress | ​ | $ | 298,468 | ​ | $ | 31,737 | ​ | $ | — | ​ | $ | 143,302 | ​ | $ | 473,507
Intangibles, net | ​ | $ | — | ​ | $ | — | ​ | $ | 3,369,722 | ​ | $ | 991,111 | ​ | $ | 4,360,833
Goodwill | ​ | $ | 1,170,511 | ​ | $ | 1,948,875 | ​ | $ | 5,320,416 | ​ | $ | 4,885,211 | ​ | $ | 13,325,013
Total segment assets | ​ | $ | 50,782,152 | ​ | $ | 73,845,479 | ​ | $ | 14,023,605 | ​ | $ | 18,768,959 | ​ | $ | 157,420,195
Assets of discontinued operations | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 23,047,739
Total assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 180,467,934
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 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 | ​ | $ | 158,358 | ​ | $ | 1,621,029 | ​ | $ | 61,238,752
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
Total segment assets | ​ | $ | 65,554,640 | ​ | $ | 69,423,770 | ​ | $ | 13,170,155 | ​ | $ | 14,854,557 | ​ | $ | 163,003,122
Assets of discontinued operations | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | $ | 29,289,022
Total assets | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | $ | 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=120311839&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=120311839&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=121556970&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 30 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599 + Details
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