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Segment information | 6 Months Ended
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Jun. 30, 2021
Segment information |
Segment information | 3. Segment information The Company has four reportable segments: retail, bulk, services and manufacturing. The retail segment 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 designs, constructs and sells water infrastructure and provides management and operating services to third parties. The manufacturing segment manufactures and services a wide range of custom and specialized water-related products 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 expenses 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 (or loss) 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 June 30, 2021
​ |  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Revenue | ​ | $ | 5,674,790 | ​ | $ | 6,711,971 | ​ | $ | 3,763,239 | ​ | $ | 551,524 |  | $ | 16,701,524
Cost of revenue | ​ |  | 2,781,909 | ​ |  | 4,386,794 | ​ |  | 2,878,409 | ​ |  | 589,559 | ​ |  | 10,636,671
Gross profit (loss) | ​ |  | 2,892,881 | ​ |  | 2,325,177 | ​ |  | 884,830 | ​ |  | (38,035) | ​ |  | 6,064,853
General and administrative expenses | ​ |  | 3,318,473 | ​ |  | 303,856 | ​ |  | 671,585 | ​ |  | 430,390 | ​ |  | 4,724,304
Gain (loss) on asset dispositions and impairments, net | ​ |  | 3,360 | ​ |  | — | ​ |  | — | ​ |  | (2,900,000) | ​ |  | (2,896,640)
Income (loss) from operations | ​ | $ | (422,232) | ​ | $ | 2,021,321 | ​ | $ | 213,245 | ​ | $ | (3,368,425) | ​ |  | (1,556,091)
Other income, net | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |  | 233,114
Loss before income taxes | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | (1,322,977)
Benefit from income taxes | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | (6,845)
Net loss from continuing operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | (1,316,132)
Income from continuing operations attributable to non-controlling interests | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 197,138
Net loss from continuing operations attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | (1,513,270)
Net loss from discontinued operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | (151,379)
Net loss attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ | $ | (1,664,649)
​ Depreciation and amortization expenses for the three months ended June 30, 2021 for the retail, bulk, services and manufacturing segments were $632,953, $906,292, $204,000 and $70,134, respectively. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three Months Ended June 30, 2020
​ |  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Revenue | ​ | $ | 5,966,296 | ​ | $ | 5,866,397 | ​ | $ | 3,476,000 | ​ | $ | 3,778,554 | ​ | $ | 19,087,247
Cost of revenue | ​ |  | 2,769,497 | ​ |  | 3,941,309 | ​ |  | 2,631,513 | ​ |  | 2,441,785 | ​ |  | 11,784,104
Gross profit | ​ |  | 3,196,799 | ​ |  | 1,925,088 | ​ |  | 844,487 | ​ |  | 1,336,769 | ​ |  | 7,303,143
General and administrative expenses | ​ |  | 3,266,782 | ​ |  | 261,100 | ​ |  | 711,350 | ​ |  | 318,381 | ​ |  | 4,557,613
Gain on asset dispositions and impairments, net | ​ |  | — | ​ |  | — | ​ |  | 5,205 | ​ |  | — | ​ |  | 5,205
Income (loss) from operations | ​ | $ | (69,983) | ​ | $ | 1,663,988 | ​ | $ | 138,342 | ​ | $ | 1,018,388 | ​ |  | 2,750,735
Other income, net | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 260,957
Income before income taxes | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 3,011,692
Provision for income taxes | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 204,268
Net income from continuing operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 2,807,424
Income attributable to non-controlling interests | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 180,154
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 2,627,270
Net loss from discontinued operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | (3,755,112)
Net loss attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ | $ | (1,127,842)
​ Depreciation and amortization expenses for the three months ended June 30, 2020 for the retail, bulk, services and manufacturing segments were $595,247, $967,064, $188,586 and $82,340, respectively. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Six Months Ended June 30, 2021
​ |  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Revenue | ​ | $ | 11,386,095 | ​ | $ | 12,957,941 | ​ | $ | 7,304,085 | ​ | $ | 2,156,720 |  | $ | 33,804,841
Cost of revenue | ​ |  | 5,489,903 | ​ |  | 8,541,947 | ​ |  | 5,600,337 | ​ |  | 1,981,291 | ​ |  | 21,613,478
Gross profit | ​ |  | 5,896,192 | ​ |  | 4,415,994 | ​ |  | 1,703,748 | ​ |  | 175,429 | ​ |  | 12,191,363
General and administrative expenses | ​ |  | 6,689,483 | ​ |  | 681,359 | ​ |  | 1,393,605 | ​ |  | 724,343 | ​ |  | 9,488,790
Gain (loss) on asset dispositions and impairments, net | ​ |  | (246,640) | ​ |  | 1,500 | ​ |  | (433) | ​ |  | (2,900,000) | ​ |  | (3,145,573)
Income (loss) from operations | ​ | $ | (1,039,931) | ​ | $ | 3,736,135 | ​ | $ | 309,710 | ​ | $ | (3,448,914) | ​ |  | (443,000)
Other income, net | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ | ​ | 547,722
Income before income taxes | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 104,722
Benefit from income taxes | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | (9,505)
Net income from continuing operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 114,227
Income from continuing operations attributable to non-controlling interests | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 325,931
Net loss from continuing operations attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | (211,704)
Net loss from discontinued operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | (464,173)
Net loss attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ | $ | (675,877)
​ Depreciation and amortization expenses for the six months ended June 30, 2021 or the retail, bulk, services and manufacturing segments were $1,267,208, $1,860,052, $404,495 and $145,667, respectively. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Six Months Ended June 30, 2020
​ |  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Revenue | ​ | $ | 13,223,728 | ​ | $ | 12,306,681 | ​ | $ | 6,590,813 | ​ | $ | 7,691,746 | ​ | $ | 39,812,968
Cost of revenue | ​ |  | 5,756,117 | ​ |  | 8,505,889 | ​ |  | 4,905,033 | ​ |  | 4,902,465 | ​ |  | 24,069,504
Gross profit | ​ |  | 7,467,611 | ​ |  | 3,800,792 | ​ |  | 1,685,780 | ​ |  | 2,789,281 | ​ |  | 15,743,464
General and administrative expenses | ​ |  | 6,640,621 | ​ |  | 553,146 | ​ |  | 1,384,040 | ​ |  | 675,115 | ​ |  | 9,252,922
Gain on asset dispositions and impairments, net | ​ |  | — | ​ |  | 200 | ​ |  | 4,785 | ​ |  | — | ​ |  | 4,985
Income from operations | ​ | $ | 826,990 | ​ | $ | 3,247,846 | ​ | $ | 306,525 | ​ | $ | 2,114,166 | ​ |  | 6,495,527
Other income, net | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 288,218
Income before income taxes | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 6,783,745
Provision for income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 410,351
Net income from continuing operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 6,373,394
Income from continuing operations attributable to non-controlling interests | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 541,152
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 5,832,242
Net loss from discontinued operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | (4,071,477)
Net income attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ | $ | 1,760,765
​ Depreciation and amortization expenses for the six months ended June 30, 2020 for the retail, bulk, services and manufacturing segments were $1,200,060, $1,934,299, $371,337 and $208,474, respectively. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | As of June 30, 2021
​ |  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Accounts receivable, net | ​ | $ | 2,328,613 | ​ | $ | 21,501,870 | ​ | $ | 1,548,905 | ​ | $ | 739,742 | ​ | $ | 26,119,130
Inventory, current and non-current | ​ | $ | 2,759,365 | ​ | $ | 3,688,327 | ​ | $ | — | ​ | $ | 485,023 | ​ | $ | 6,932,715
Property, plant and equipment, net | ​ | $ | 26,659,760 | ​ | $ | 25,900,486 | ​ | $ | 533,302 | ​ | $ | 1,610,645 | ​ | $ | 54,704,193
Construction in progress | ​ | $ | 546,043 | ​ | $ | 31,737 | ​ | $ | — | ​ | $ | 103,537 | ​ | $ | 681,317
Intangibles, net | ​ | $ | — | ​ | $ | — | ​ | $ | 2,862,222 | ​ | $ | 894,444 | ​ | $ | 3,756,666
Goodwill | ​ | $ | 1,170,511 | ​ | $ | 1,948,875 | ​ | $ | 5,320,416 | ​ | $ | 1,985,211 | ​ | $ | 10,425,013
Total segment assets | ​ | $ | 62,119,731 | ​ | $ | 69,783,021 | ​ | $ | 14,762,027 | ​ | $ | 7,435,447 | ​ | $ | 154,100,226
Assets of discontinued operations | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 22,610,408
Total assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 176,710,634
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 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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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -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 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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