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Segment information (Tables)

9 Months Ended

Sep. 30, 2021

Segment information

Schedule of segment reporting information, by segment


		Three Months Ended September 30, 2021
		Retail			Bulk			Services			Manufacturing			Total
Revenue		$	5,247,042		$	6,868,134		$	3,210,584		$	1,087,386		$	16,413,146
Cost of revenue			2,745,796			4,628,386			2,410,430			937,935			10,722,547
Gross profit			2,501,246			2,239,748			800,154			149,451			5,690,599
General and administrative expenses			3,067,696			313,420			758,540			219,384			4,359,040
Gain on asset dispositions and impairments, net			612			—			—			—			612
Income (loss) from operations		$	(565,838)		$	1,926,328		$	41,614		$	(69,933)			1,332,171
Other income, net															152,168
Income before income taxes															1,484,339
Benefit from income taxes															(11,230)
Net income from continuing operations															1,495,569
Income from continuing operations attributable to non-controlling interests															131,609
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders															1,363,960
Net loss from discontinued operations															(1,078,367)
Net income attributable to Consolidated Water Co. Ltd. stockholders														$	285,593

Depreciation and amortization expenses for the three months ended September 30, 2021 for the retail, bulk, services and manufacturing segments were $625,640, $761,429, $203,411 and $70,679, respectively.


		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 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.


		Nine Months Ended September 30, 2021
		Retail			Bulk			Services			Manufacturing			Total
Revenue		$	16,633,137		$	19,826,075		$	10,514,669		$	3,244,106		$	50,217,987
Cost of revenue			8,235,699			13,170,333			8,010,767			2,919,226			32,336,025
Gross profit			8,397,438			6,655,742			2,503,902			324,880			17,881,962
General and administrative expenses			9,757,179			994,779			2,152,145			943,727			13,847,830
Gain (loss) on asset dispositions and impairments, net			(246,028)			1,500			(433)			(2,900,000)			(3,144,961)
Income (loss) from operations		$	(1,605,769)		$	5,662,463		$	351,324		$	(3,518,847)			889,171
Other income, net															699,890
Income before income taxes															1,589,061
Benefit from income taxes															(20,735)
Net income from continuing operations															1,609,796
Income from continuing operations attributable to non-controlling interests															457,540
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders															1,152,256
Net loss from discontinued operations															(1,542,540)
Net loss attributable to Consolidated Water Co. Ltd. stockholders														$	(390,284)

Depreciation and amortization expenses for the nine months ended September 30, 2021 for the retail, bulk, services and manufacturing segments were $1,892,848, $2,621,481, $607,906 and $216,346, 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.


		As of September 30, 2021
		Retail			Bulk			Services			Manufacturing			Total
Accounts receivable, net		$	2,233,715		$	21,646,332		$	1,579,404		$	922,530		$	26,381,981
Inventory, current and non-current		$	2,755,862		$	3,702,618		$	—		$	572,802		$	7,031,282
Property, plant and equipment, net		$	26,467,981		$	25,185,215		$	503,704		$	1,563,892		$	53,720,792
Construction in progress		$	624,805		$	31,737		$	—		$	103,537		$	760,079
Intangibles, net		$	—		$	—		$	2,693,056		$	871,110		$	3,564,166
Goodwill		$	1,170,511		$	1,948,875		$	5,320,416		$	1,985,211		$	10,425,013
Total segment assets		$	60,254,674		$	71,640,368		$	15,535,680		$	7,484,075		$	154,914,797
Assets of discontinued operations														$	21,899,816
Total assets														$	176,814,613


		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