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Segment information | 6 Months Ended
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Jun. 30, 2022
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, 2022
​ |  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Revenue | ​ | $ | 6,526,803 | ​ | $ | 8,423,749 | ​ | $ | 5,055,483 | ​ | $ | 1,061,092 |  | $ | 21,067,127
Cost of revenue | ​ |  | 3,118,411 | ​ |  | 5,647,583 | ​ |  | 3,865,867 | ​ |  | 959,769 | ​ |  | 13,591,630
Gross profit | ​ |  | 3,408,392 | ​ |  | 2,776,166 | ​ |  | 1,189,616 | ​ |  | 101,323 | ​ |  | 7,475,497
General and administrative expenses | ​ |  | 3,345,109 | ​ |  | 404,072 | ​ |  | 838,040 | ​ |  | 339,470 | ​ |  | 4,926,691
Gain on asset dispositions and impairments, net | ​ |  | 1,200 | ​ |  | — | ​ |  | 4,080 | ​ |  | — | ​ |  | 5,280
Income (loss) from operations | ​ | $ | 64,483 | ​ | $ | 2,372,094 | ​ | $ | 355,656 | ​ | $ | (238,147) | ​ |  | 2,554,086
Other income, net | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |  | 397,982
Income before income taxes | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 2,952,068
Income tax provision | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 10,152
Net income from continuing operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 2,941,916
Income from continuing operations attributable to non-controlling interests | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 232,197
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 2,709,719
Loss from discontinued operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | (419,833)
Net income attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ | $ | 2,289,886
​ Depreciation and amortization expenses for the three months ended June 30, 2022 for the retail, bulk, services and manufacturing segments were $637,796, $704,841, $168,078 and $70,307, respectively. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 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 | ​ |  | 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)
Income tax benefit | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | (6,845)
Net loss from continuing operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | (1,316,132)
Income attributable to non-controlling interests | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 197,138
Net loss from continuing operations attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | (1,513,270)
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. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Six Months Ended June 30, 2022
​ |  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Revenue | ​ | $ | 12,840,003 | ​ | $ | 15,774,393 | ​ | $ | 9,799,303 | ​ | $ | 2,211,333 |  | $ | 40,625,032
Cost of revenue | ​ |  | 6,172,151 | ​ |  | 10,334,702 | ​ |  | 7,515,047 | ​ |  | 1,981,871 | ​ |  | 26,003,771
Gross profit | ​ |  | 6,667,852 | ​ |  | 5,439,691 | ​ |  | 2,284,256 | ​ |  | 229,462 | ​ |  | 14,621,261
General and administrative expenses | ​ |  | 6,795,515 | ​ |  | 714,375 | ​ |  | 1,618,014 | ​ |  | 664,904 | ​ |  | 9,792,808
Gain on asset dispositions and impairments, net | ​ |  | 1,200 | ​ |  | — | ​ |  | 16,538 | ​ |  | — | ​ |  | 17,738
Income (loss) from operations | ​ | $ | (126,463) | ​ | $ | 4,725,316 | ​ | $ | 682,780 | ​ | $ | (435,442) | ​ |  | 4,846,191
Other income, net | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ | ​ | 717,709
Income before income taxes | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 5,563,900
Income tax provision | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 56,425
Net income from continuing operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 5,507,475
Income from continuing operations attributable to non-controlling interests | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 473,627
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 5,033,848
Loss from discontinued operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | (1,027,147)
Net income attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ | $ | 4,006,701
​ Depreciation and amortization expenses for the six months ended June 30, 2022 for the retail, bulk, services and manufacturing segments were $1,253,481, $1,407,100, $327,077 and $141,515, 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
Income tax benefit | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (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)
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 for the retail, bulk, services and manufacturing segments were $1,267,208, $1,860,052, $404,495 and $145,667, respectively. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | As of June 30, 2022
​ |  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Accounts receivable, net | ​ | $ | 2,483,105 | ​ | $ | 13,620,152 | ​ | $ | 5,962,620 | ​ | $ | 614,924 | ​ | $ | 22,680,801
Inventory, current and non-current | ​ | $ | 2,736,689 | ​ | $ | 4,339,891 | ​ | $ | — | ​ | $ | 1,421,746 | ​ | $ | 8,498,326
Property, plant and equipment, net | ​ | $ | 25,397,237 | ​ | $ | 23,308,053 | ​ | $ | 708,496 | ​ | $ | 1,524,553 | ​ | $ | 50,938,339
Construction in progress | ​ | $ | 1,940,884 | ​ | $ | 31,737 | ​ | $ | — | ​ | $ | 61,792 | ​ | $ | 2,034,413
Intangibles, net | ​ | $ | — | ​ | $ | — | ​ | $ | 2,305,556 | ​ | $ | 801,111 | ​ | $ | 3,106,667
Goodwill | ​ | $ | 1,170,511 | ​ | $ | 1,948,875 | ​ | $ | 5,320,416 | ​ | $ | 1,985,211 | ​ | $ | 10,425,013
Total segment assets | ​ | $ | 62,530,143 | ​ | $ | 68,320,138 | ​ | $ | 21,643,203 | ​ | $ | 8,533,535 | ​ | $ | 161,027,019
Assets of discontinued operations | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 21,554,992
Total assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 182,582,011
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 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
​

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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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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=123359005&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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