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v3.23.1

Segment information (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Segment information |
Schedule of segment reporting information, by segment | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Year Ended December 31, 2022
​ |  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Revenue | ​ | $ | 25,954,013 | ​ | $ | 32,991,066 | ​ | $ | 28,835,428 | ​ | $ | 6,324,465 |  | $ | 94,104,972
Cost of revenue | ​ |  | 12,548,763 | ​ |  | 23,032,212 | ​ |  | 22,973,634 | ​ |  | 5,195,240 | ​ |  | 63,749,849
Gross profit | ​ |  | 13,405,250 | ​ |  | 9,958,854 | ​ |  | 5,861,794 | ​ |  | 1,129,225 | ​ |  | 30,355,123
General and administrative expenses | ​ |  | 14,552,866 | ​ |  | 1,570,732 | ​ |  | 3,461,294 | ​ |  | 1,485,342 | ​ |  | 21,070,234
Gain (loss) on asset dispositions and impairments, net | ​ |  | (39,397) | ​ |  | 5,607 | ​ |  | 23,717 | ​ |  | (2,631) | ​ |  | (12,704)
Income (loss) from operations | ​ | $ | (1,187,013) | ​ | $ | 8,393,729 | ​ | $ | 2,424,217 | ​ | $ | (358,748) | ​ |  | 9,272,185
Other income, net | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ | ​ | 464,810
Income before income taxes | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 9,736,995
Provision for income taxes | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 396,739
Net income from continuing operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 9,340,256
Income from continuing operations attributable to non-controlling interests | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 1,112,913
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 8,227,343
Net loss from discontinued operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | (2,371,049)
Net income attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ | $ | 5,856,294
​ Depreciation and amortization expenses for the year ended December 31, 2022 for the retail, bulk, services and manufacturing segments were $2,391,603, $2,836,794, $674,508 and $284,403, respectively. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | As of December 31, 2022
​ |  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Accounts receivable, net | ​ | $ | 2,953,927 | ​ | $ | 16,554,940 | ​ | $ | 5,838,721 | ​ | $ | 1,698,594 | ​ | $ | 27,046,182
Inventory, current and non-current | ​ | $ | 2,759,659 | ​ | $ | 4,037,684 | ​ | $ | — | ​ | $ | 3,481,486 | ​ | $ | 10,278,829
Property, plant and equipment, net | ​ | $ | 27,697,490 | ​ | $ | 22,510,658 | ​ | $ | 759,409 | ​ | $ | 1,561,988 | ​ | $ | 52,529,545
Construction in progress | ​ | $ | 3,643,889 | ​ | $ | — | ​ | $ | — | ​ | $ | 61,792 | ​ | $ | 3,705,681
Intangibles, net | ​ | $ | — | ​ | $ | — | ​ | $ | 2,064,444 | ​ | $ | 754,444 | ​ | $ | 2,818,888
Goodwill | ​ | $ | 1,170,511 | ​ | $ | 1,948,875 | ​ | $ | 5,320,416 | ​ | $ | 1,985,211 | ​ | $ | 10,425,013
Total segment assets | ​ | $ | 65,853,789 | ​ | $ | 56,118,243 | ​ | $ | 36,319,078 | ​ | $ | 13,054,971 | ​ | $ | 171,346,081
Assets of discontinued operations | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 21,660,768
Total assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 193,006,849
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Year Ended December 31, 2021
​ |  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Revenue | ​ | $ | 22,104,953 | ​ | $ | 26,800,869 | ​ | $ | 13,884,857 | ​ | $ | 4,072,823 | ​ | $ | 66,863,502
Cost of revenue | ​ |  | 11,060,937 | ​ |  | 17,759,272 | ​ |  | 10,707,243 | ​ |  | 3,828,859 | ​ |  | 43,356,311
Gross profit | ​ |  | 11,044,016 | ​ |  | 9,041,597 | ​ |  | 3,177,614 | ​ |  | 243,964 | ​ |  | 23,507,191
General and administrative expenses | ​ |  | 12,841,259 | ​ |  | 1,365,735 | ​ |  | 2,762,735 | ​ |  | 1,380,630 | ​ |  | 18,350,359
Gain (loss) on asset dispositions and impairments, net | ​ |  | (246,851) | ​ |  | 1,500 | ​ |  | (485) | ​ |  | (2,900,000) | ​ |  | (3,145,836)
Income (loss) from operations | ​ | $ | (2,044,094) | ​ | $ | 7,677,362 | ​ | $ | 414,394 | ​ | $ | (4,036,666) | ​ |  | 2,010,996
Other income, net | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 1,623,595
Income before income taxes | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 3,634,591
Benefit from income taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (447,982)
Net income from continuing operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 4,082,573
Income from continuing operations attributable to non-controlling interests | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 632,915
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 3,449,658
Net loss from discontinued operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | (2,574,079)
Net income attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ | $ | 875,579
​ Depreciation and amortization expenses for the year ended December 31, 2021 for the retail, bulk, services and manufacturing segments were $2,517,407, $3,331,554, $782,882 and $289,390, respectively. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 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 | ​ | $ | 15,825,207 | ​ | $ | 7,749,877 | ​ | $ | 154,034,930
Assets of discontinued operations | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | $ | 22,319,927
Total assets | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​ | $ | 176,354,857
​
Schedule of revenues earned by major geographic region | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended December 31,
​ |  | 2022 |  | 2021
Cayman Islands | ​ | $ | 30,375,985 | ​ | $ | 24,935,746
Bahamas | ​ |  | 29,943,615 | ​ |  | 24,031,547
United States | ​ |  | 33,338,466 | ​ |  | 17,489,851
Revenue earned from management services agreement with OC-BVI | ​ |  | 446,906 | ​ |  | 406,358
​ | ​ | $ | 94,104,972 | ​ | $ | 66,863,502
​ Revenue earned from major customers were:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended December 31,
​ |  | 2022 |  | 2021
Revenue earned from the WSC | ​ | $ | 29,943,615 | ​ | $ | 24,031,547
Percentage of consolidated revenue earned from the WSC | ​ |  | 32% | ​ |  | 36%
Revenue earned from one service segment customer | ​ | $ | 11,805,752 | ​ | $ | —
Percentage of consolidated revenue earned from the one service segment customer | ​ |  | 13% | ​ |  | 0%
​
Schedule of long-lived assets by geographic areas | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ |  | 2022 |  | 2021
Cayman Islands | ​ | $ | 28,068,156 | ​ | $ | 26,687,944
The Bahamas | ​ |  | 22,031,690 | ​ |  | 24,004,707
United States | ​ |  | 2,429,699 | ​ |  | 2,253,888
​ | ​ | $ | 52,529,545 | ​ | $ | 52,946,539

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