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Segment information (Tables) | 12 Months Ended
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Dec. 31, 2023
Segment information |
Schedule of segment reporting information, by segment | 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. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Year Ended December 31, 2023
​ |  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Revenue | ​ | $ | 30,158,051 | ​ | $ | 34,595,058 | ​ | $ | 97,966,650 | ​ | $ | 17,491,474 |  | $ | 180,211,233
Cost of revenue | ​ |  | 13,891,229 | ​ |  | 24,128,132 | ​ |  | 66,797,762 | ​ |  | 13,467,005 | ​ |  | 118,284,128
Gross profit | ​ |  | 16,266,822 | ​ |  | 10,466,926 | ​ |  | 31,168,888 | ​ |  | 4,024,469 | ​ |  | 61,927,105
General and administrative expenses | ​ |  | 16,905,010 | ​ |  | 1,737,264 | ​ |  | 4,271,808 | ​ |  | 1,838,284 | ​ |  | 24,752,366
Gain (loss) on asset dispositions and impairments, net | ​ |  | (22,065) | ​ |  | 12,720 | ​ |  | — | ​ |  | 2,233 | ​ |  | (7,112)
Income (loss) from operations | ​ | $ | (660,253) | ​ | $ | 8,742,382 | ​ | $ | 26,897,080 | ​ | $ | 2,188,418 | ​ |  | 37,167,627
Other income, net | ​ |  |  | ​ |  |  | ​ |  | ​ | ​ |  |  | ​ | ​ | 828,313
Income before income taxes | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 37,995,940
Provision for income taxes | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 6,750,014
Net income from continuing operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 31,245,926
Income from continuing operations attributable to non-controlling interests | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 573,791
Net income from continuing operations attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | 30,672,135
Loss from discontinued operations | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  | (1,086,744)
Net income attributable to Consolidated Water Co. Ltd. stockholders | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ | $ | 29,585,391
​ Depreciation and amortization expenses for the year ended December 31, 2023 for the retail, bulk, services and manufacturing segments were $2,484,845, $3,032,902, $785,347 and $273,360, respectively. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | As of December 31, 2023
​ |  | Retail |  | Bulk |  | Services |  | Manufacturing |  | Total
Accounts receivable, net | ​ | $ | 3,425,948 | ​ | $ | 26,965,126 | ​ | $ | 6,802,780 | ​ | $ | 1,033,037 | ​ | $ | 38,226,891
Inventory, current and non-current | ​ | $ | 3,041,460 | ​ | $ | 4,858,324 | ​ | $ | 55,272 | ​ | $ | 3,135,357 | ​ | $ | 11,090,413
Contract assets | ​ | $ | — | ​ | $ | — | ​ | $ | 17,715,872 | ​ | $ | 3,837,185 | ​ | $ | 21,553,057
Property, plant and equipment, net | ​ | $ | 32,809,487 | ​ | $ | 20,370,056 | ​ | $ | 1,143,884 | ​ | $ | 1,559,094 | ​ | $ | 55,882,521
Construction in progress | ​ | $ | 380,436 | ​ | $ | — | ​ | $ | — | ​ | $ | 115,035 | ​ | $ | 495,471
Intangibles, net | ​ | $ | — | ​ | $ | — | ​ | $ | 2,692,074 | ​ | $ | 661,111 | ​ | $ | 3,353,185
Goodwill | ​ | $ | 1,170,511 | ​ | $ | 1,948,875 | ​ | $ | 7,756,807 | ​ | $ | 1,985,211 | ​ | $ | 12,861,404
Total segment assets | ​ | $ | 58,774,647 | ​ | $ | 63,956,725 | ​ | $ | 58,476,773 | ​ | $ | 15,888,642 | ​ | $ | 197,096,787
Assets of discontinued operations | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 21,340,805
Total assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 218,437,592
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 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
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
Contract assets | ​ | $ | — | ​ | $ | — | ​ | $ | 1,249,069 | ​ | $ | 1,664,653 | ​ | $ | 2,913,722
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
Schedule of revenues earned by major geographic region | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended December 31,
​ |  | 2023 |  | 2022
Cayman Islands | ​ | $ | 41,728,340 | ​ | $ | 30,375,985
The Bahamas | ​ |  | 31,221,633 | ​ |  | 29,943,615
United States | ​ |  | 106,768,621 | ​ |  | 33,338,466
Revenue earned from management services agreement with OC-BVI | ​ |  | 492,639 | ​ |  | 446,906
​ | ​ | $ | 180,211,233 | ​ | $ | 94,104,972
​ Revenue earned from major customers was:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year ended December 31,
​ |  | 2023 |  | 2022
Revenue earned from the WSC | ​ | $ | 31,221,633 | ​ | $ | 29,943,615
Percentage of consolidated revenue earned from the WSC | ​ |  | 17% | ​ |  | 32%
Revenue earned from one service segment customer | ​ | $ | 64,149,170 | ​ | $ | 11,805,752
Percentage of consolidated revenue earned from the one service segment customer | ​ |  | 36% | ​ |  | 13%
Schedule of long-lived assets by geographic areas | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31,
​ |  | 2023 |  | 2022
Cayman Islands | ​ | $ | 32,902,949 | ​ | $ | 28,068,156
The Bahamas | ​ |  | 20,039,049 | ​ |  | 22,031,690
United States | ​ |  | 2,940,523 | ​ |  | 2,429,699
​ | ​ | $ | 55,882,521 | ​ | $ | 52,529,545
​

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