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Segment information (Tables)

12 Months Ended

Dec. 31, 2020

Segment information

Schedule of segment reporting information, by segment

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Year Ended December 31, 2020

​

Retail

Bulk

Services

Manufacturing

Total

Revenue

​

$

22,952,370

​

$

24,312,546

​

$

12,937,859

​

$

12,425,351

$

72,628,126

Cost of revenue

​

11,080,814

​

16,959,563

​

9,698,214

​

8,121,080

​

45,859,671

Gross profit

​

11,871,556

​

7,352,983

​

3,239,645

​

4,304,271

​

26,768,455

General and administrative expenses

​

12,879,445

​

1,260,062

​

2,834,917

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1,460,474

​

18,434,898

Gain on asset dispositions and impairments, net

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2,965

​

7,213

​

3,801

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18

​

13,997

Income (loss) from operations

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$

(1,004,924)

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$

6,100,134

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$

408,529

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$

2,843,815

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8,347,554

Other income, net

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​

1,082,946

Income before income taxes

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​

9,430,500

Provision for income taxes

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​

86,724

Net income from continuing operations

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​

9,343,776

Income from continuing operations attributable to non-controlling interests

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​

730,005

Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders

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8,613,771

Net loss from discontinued operations

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(4,902,243)

Net income attributable to Consolidated Water Co. Ltd. stockholders

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$

3,711,528

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Depreciation and amortization expenses for the year ended December 31, 2020 for the retail, bulk, services and manufacturing segments were $2,388,781, $3,869,377, $762,182 and $386,169, respectively.

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​	​	​	​	​	​	​	​	​	​	​	​	​	​	​	​
​		As of December 31, 2020
​		Retail			Bulk			Services			Manufacturing			Total
Accounts receivable, net	​	$	2,444,455	​	$	17,022,813	​	$	1,420,609	​	$	596,099	​	$	21,483,976
Inventory, current and non-current	​	$	2,787,163	​	$	3,795,544	​	$	—	​	$	1,138,313	​	$	7,721,020
Property, plant and equipment, net	​	$	27,947,545	​	$	27,611,567	​	$	487,973	​	$	1,640,899	​	$	57,687,984
Construction in progress	​	$	305,110	​	$	31,737	​	$	—	​	$	103,537	​	$	440,384
Intangibles, net	​	$	—	​	$	—	​	$	3,200,555	​	$	947,778	​	$	4,148,333
Goodwill	​	$	1,170,511	​	$	1,948,875	​	$	5,320,416	​	$	4,885,211	​	$	13,325,013
Total segment assets	​	$	56,425,159	​	$	74,771,798	​	$	14,470,322	​	$	11,210,685	​	$	156,877,964
Assets of discontinued operations	​	​	​	​	​	​	​	​	​	​	​	​	​	$	22,677,588
Total assets	​	​	​	​	​	​	​	​	​	​	​	​	​	$	179,555,552

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Year Ended December 31, 2019

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Retail

Bulk

Services

Manufacturing

Total

Revenue

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$

26,456,022

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$

26,986,108

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$

1,759,446

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$

13,592,075

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$

68,793,651

Cost of revenue

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11,611,165

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18,606,805

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1,215,193

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9,086,140

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40,519,303

Gross profit

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14,844,857

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8,379,303

​

544,253

​

4,505,935

​

28,274,348

General and administrative expenses

​

13,422,821

​

1,238,296

​

392,425

​

1,947,622

​

17,001,164

Gain on asset dispositions and impairments, net

​

398,041

​

47,000

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—

​

—

​

445,041

Income from operations

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$

1,820,077

​

$

7,188,007

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$

151,828

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$

2,558,313

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11,718,225

Other income, net

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​

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​

786,552

Income before income taxes

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12,504,777

Provision for income taxes

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66,621

Net income from continuing operations

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​

12,438,156

Income from continuing operations attributable to non-controlling interests

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​

1,549,978

Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders

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10,888,178

Net income from discontinued operations

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1,287,915

Net income attributable to Consolidated Water Co. Ltd. stockholders

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$

12,176,093

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Depreciation and amortization expenses for the year ended December 31, 2019 for the retail, bulk, services and manufacturing segments were $2,364,994, $3,795,320, $120,761 and $922,027, respectively.

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​		As of December 31, 2019
​		Retail			Bulk			Services			Manufacturing			Total
Accounts receivable, net	​	$	2,891,165	​	$	18,883,493	​	$	678,119	​	$	500,882	​	$	22,953,659
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	​	$	12,895,385	​	$	14,854,557	​	$	162,728,352
Assets of discontinued operations	​		​	​		​	​		​	​		​	​	$	29,289,022
Total assets	​		​	​		​	​		​	​		​	​	$	192,017,374

Schedule of revenues earned by major geographic region

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​	​	Year ended December 31,
​		2020			2019
Cayman Islands	​	$	25,640,169	​	$	30,327,139
Bahamas	​		21,654,153	​		23,114,860
Indonesia	​		—	​		131
United States	​		24,918,527	​		14,968,868
Revenues earned from management services agreement with OC-BVI	​		415,277	​		382,653
​	​	$	72,628,126	​	$	68,793,651

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Revenues earned from major customers were:

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​	​	​	​	​	​	​
​	​	Year ended December 31,
​		2020			2019
Revenue earned from the Water and Sewerage Corporation ("WSC")	​	$	21,527,487	​	$	22,877,741
Percentage of consolidated revenue earned from the WSC	​		30%	​		33%
Revenue earned from one manufacturing segment customer	​	$	9,965,041	​	$	9,238,476
Percentage of consolidated revenue earned from the one manufacturing segment customer	​		14%	​		13%

Schedule of long-lived assets by geographic areas

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​	​	December 31,
​		2020			2019
Cayman Islands	​	$	28,474,748	​	$	29,059,294
The Bahamas	​		26,975,427	​		30,245,741
United States	​		2,237,809	​		1,933,717
​	​	$	57,687,984	​	$	61,238,752

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- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

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