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Segment information (Tables)

3 Months Ended

Mar. 31, 2022

Segment information

Schedule of segment reporting information, by segment


		Three Months Ended March 31, 2022
		Retail			Bulk			Services			Manufacturing			Total
Revenue		$	6,313,200		$	7,350,644		$	4,743,820		$	1,150,241		$	19,557,905
Cost of revenue			3,053,740			4,687,119			3,649,180			1,022,102			12,412,141
Gross profit			3,259,460			2,663,525			1,094,640			128,139			7,145,764
General and administrative expenses			3,450,406			310,303			779,974			325,434			4,866,117
Gain on asset dispositions and impairments, net			—			—			12,458			—			12,458
Income (loss) from operations		$	(190,946)		$	2,353,222		$	327,124		$	(197,295)			2,292,105
Other income, net															319,727
Income before income taxes															2,611,832
Income tax provision															46,273
Net income from continuing operations															2,565,559
Income from continuing operations attributable to non-controlling interests															241,430
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders															2,324,129
Loss from discontinued operations															(607,314)
Net income attributable to Consolidated Water Co. Ltd. stockholders														$	1,716,815

Depreciation and amortization expenses for the three months ended March 31, 2022 for the retail, bulk, services and manufacturing segments were $615,685, $702,259, $158,999 and $71,208, respectively.


		Three Months Ended March 31, 2021
		Retail			Bulk			Services			Manufacturing			Total
Revenue		$	5,711,305		$	6,245,970		$	3,540,846		$	1,605,196		$	17,103,317
Cost of revenue			2,707,994			4,155,153			2,721,928			1,391,732			10,976,807
Gross profit			3,003,311			2,090,817			818,918			213,464			6,126,510
General and administrative expenses			3,371,010			377,503			722,020			293,953			4,764,486
Gain (loss) on asset dispositions and impairments, net			(250,000)			1,500			(433)			—			(248,933)
Income (loss) from operations		$	(617,699)		$	1,714,814		$	96,465		$	(80,489)			1,113,091
Other income, net															314,608
Income before income taxes															1,427,699
Income tax (benefit)															(2,660)
Net income from continuing operations															1,430,359
Income attributable to non-controlling interests															128,793
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders															1,301,566
Loss from discontinued operations															(312,794)
Net income attributable to Consolidated Water Co. Ltd. stockholders														$	988,772

Depreciation and amortization expenses for the three months ended March 31, 2021 for the retail, bulk, services and manufacturing segments were $634,255, $953,760, $200,495 and $75,533, respectively.


		As of March 31, 2022
		Retail			Bulk			Services			Manufacturing			Total
Accounts receivable, net		$	2,594,892		$	21,491,345		$	2,850,700		$	63,890		$	27,000,827
Inventory, current and non-current		$	2,678,139		$	4,181,135		$	—		$	1,073,449		$	7,932,723
Property, plant and equipment, net		$	25,850,047		$	23,896,511		$	479,218		$	1,565,223		$	51,790,999
Construction in progress		$	1,232,327		$	31,737		$	—		$	61,792		$	1,325,856
Intangibles, net		$	—		$	—		$	2,429,721		$	824,445		$	3,254,166
Goodwill		$	1,170,511		$	1,948,875		$	5,320,416		$	1,985,211		$	10,425,013
Total segment assets		$	61,240,723		$	70,647,191		$	17,045,216		$	7,694,865		$	156,627,995
Assets of discontinued operations														$	21,764,544
Total assets														$	178,392,539


		As of December 31, 2021
		Retail			Bulk			Services			Manufacturing			Total
Accounts receivable, net		$	2,601,619		$	21,682,951		$	1,698,797		$	1,365,940		$	27,349,307
Inventory, current and non-current		$	2,787,277		$	3,860,808		$	—		$	589,757		$	7,237,842
Property, plant and equipment, net		$	26,357,390		$	24,476,936		$	512,493		$	1,599,720		$	52,946,539
Construction in progress		$	617,334		$	31,737		$	—		$	61,792		$	710,863
Intangibles, net		$	—		$	—		$	2,553,888		$	847,778		$	3,401,666
Goodwill		$	1,170,511		$	1,948,875		$	5,320,416		$	1,985,211		$	10,425,013
Total segment assets		$	61,736,441		$	68,723,405		$	16,049,001		$	8,198,280		$	154,707,127
Assets of discontinued operations														$	22,319,927
Total assets														$	177,027,054