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v3.22.2.2

Segment information | 9 Months Ended
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Sep. 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 September 30, 2022
​ |  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Revenue | ​ | $ | 6,274,650 | ​ | $ | 8,667,931 | ​ | $ | 8,731,124 | ​ | $ | 1,378,000 |  | $ | 25,051,705
Cost of revenue | ​ |  | 3,231,973 | ​ |  | 6,446,549 | ​ |  | 7,333,982 | ​ |  | 1,195,428 | ​ |  | 18,207,932
Gross profit | ​ |  | 3,042,677 | ​ |  | 2,221,382 | ​ |  | 1,397,142 | ​ |  | 182,572 | ​ |  | 6,843,773
General and administrative expenses | ​ |  | 3,818,459 | ​ |  | 473,534 | ​ |  | 936,708 | ​ |  | 381,949 | ​ |  | 5,610,650
Gain on asset dispositions | ​ |  | 1,499 | ​ |  | 2,000 | ​ |  | — | ​ |  | — | ​ |  | 3,499
Income (loss) from operations | ​ | $ | (774,283) | ​ | $ | 1,749,848 | ​ | $ | 460,434 | ​ | $ | (199,377) | ​ |  | 1,236,622
Other income (loss), net | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ |  | (168,980)
Income before income taxes | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 1,067,642
Income tax provision | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 26,616
Net income from continuing operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 1,041,026
Income from continuing operations attributable to non-controlling interests | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 217,415
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 823,611
Loss from discontinued operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | (505,917)
Net income attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ | $ | 317,694
​ Depreciation and amortization expenses for the three months ended September 30, 2022 for the retail, bulk, services and manufacturing segments were $567,086, $707,788, $175,732 and $71,734, respectively. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 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 | ​ |  | 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
Income tax benefit | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | (11,230)
Net income from continuing operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 1,495,569
Income attributable to non-controlling interests | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 131,609
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 1,363,960
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. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Nine Months Ended September 30, 2022
​ |  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Revenue | ​ | $ | 19,114,653 | ​ | $ | 24,442,324 | ​ | $ | 18,530,427 | ​ | $ | 3,589,333 |  | $ | 65,676,737
Cost of revenue | ​ |  | 9,404,124 | ​ |  | 16,781,251 | ​ |  | 14,849,029 | ​ |  | 3,177,299 | ​ |  | 44,211,703
Gross profit | ​ |  | 9,710,529 | ​ |  | 7,661,073 | ​ |  | 3,681,398 | ​ |  | 412,034 | ​ |  | 21,465,034
General and administrative expenses | ​ |  | 10,613,975 | ​ |  | 1,187,909 | ​ |  | 2,554,721 | ​ |  | 1,046,853 | ​ |  | 15,403,458
Gain on asset dispositions | ​ |  | 2,699 | ​ |  | 2,000 | ​ |  | 16,538 | ​ |  | — | ​ |  | 21,237
Income (loss) from operations | ​ | $ | (900,747) | ​ | $ | 6,475,164 | ​ | $ | 1,143,215 | ​ | $ | (634,819) | ​ |  | 6,082,813
Other income, net | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ | ​ | 548,729
Income before income taxes | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 6,631,542
Income tax provision | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 83,041
Net income from continuing operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 6,548,501
Income from continuing operations attributable to non-controlling interests | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 691,042
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 5,857,459
Loss from discontinued operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | (1,533,064)
Net income attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ | $ | 4,324,395
​ Depreciation and amortization expenses for the nine months ended September 30, 2022 for the retail, bulk, services and manufacturing segments were $1,820,567, $2,114,888, $502,809 and $213,249, 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
Income tax benefit | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (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
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. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | As of September 30, 2022
​ |  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Accounts receivable, net | ​ | $ | 2,512,908 | ​ | $ | 15,491,003 | ​ | $ | 4,948,103 | ​ | $ | 1,400,473 | ​ | $ | 24,352,487
Inventory, current and non-current | ​ | $ | 2,766,577 | ​ | $ | 4,218,974 | ​ | $ | — | ​ | $ | 1,950,770 | ​ | $ | 8,936,321
Property, plant and equipment, net | ​ | $ | 24,817,595 | ​ | $ | 23,171,096 | ​ | $ | 679,506 | ​ | $ | 1,568,549 | ​ | $ | 50,236,746
Construction in progress | ​ | $ | 2,557,180 | ​ | $ | — | ​ | $ | — | ​ | $ | 61,792 | ​ | $ | 2,618,972
Intangibles, net | ​ | $ | — | ​ | $ | — | ​ | $ | 2,181,388 | ​ | $ | 777,778 | ​ | $ | 2,959,166
Goodwill | ​ | $ | 1,170,511 | ​ | $ | 1,948,875 | ​ | $ | 5,320,416 | ​ | $ | 1,985,211 | ​ | $ | 10,425,013
Total segment assets | ​ | $ | 67,462,955 | ​ | $ | 61,756,965 | ​ | $ | 23,657,779 | ​ | $ | 10,492,818 | ​ | $ | 163,370,517
Assets of discontinued operations | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 21,640,235
Total assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 185,010,752
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&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 https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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