CONSOLIDATED STATEMENTS OF INCOME ANDCOMPREHENSIVE INCOME - USD ($)
|
12 Months Ended |
Dec. 31, 2015 |
Dec. 31, 2014 |
| Plant Revenues: |
|
|
| Energy sales |
$ 30,842,196
|
$ 30,596,261
|
| Energy credit sales |
357,902
|
372,521
|
| Total plant operating revenues |
31,200,098
|
30,968,782
|
| Plant Expenses: |
|
|
| Plant production expenses |
9,572,707
|
9,701,506
|
| Depreciation and amortization |
6,299,405
|
6,241,354
|
| Total plant operating expenses |
15,872,112
|
15,942,860
|
| Gross Profit |
15,327,986
|
15,025,922
|
| Operating Expenses: |
|
|
| Corporate administration |
1,087,675
|
1,136,849
|
| Professional and management fees |
1,067,939
|
986,742
|
| Employee compensation |
2,882,105
|
3,197,919
|
| Travel and promotion |
215,591
|
199,894
|
| Exploration costs |
82,316
|
508,500
|
| Operating Income |
9,992,360
|
8,996,018
|
| Interest Expense |
3,797,155
|
4,060,133
|
| Other (income) expense |
(141,293)
|
346,588
|
| Income Before Income Tax Expense |
6,336,498
|
4,589,297
|
| Income Tax (Expense) Benefit |
(1,386,000)
|
10,307,000
|
| Net Income |
4,950,498
|
14,896,297
|
| Net income attributable to the non-controlling interests |
(3,103,269)
|
(3,282,586)
|
| Net Income Attributable to U.S. Geothermal Inc. |
1,847,229
|
11,613,711
|
| Other Comprehensive Income: |
|
|
| Unrealized income on investment in equity securities |
0
|
27,321
|
| Comprehensive Income Attributable to U.S. Geothermal Inc. |
$ 1,847,229
|
$ 11,641,032
|
| Basic Earnings Per Share Attributable to U.S. Geothermal Inc. |
$ 0.02
|
$ 0.11
|
| Diluted Earnings Per Share Attributable to U.S. Geothermal Inc. |
$ 0.02
|
$ 0.11
|
| Weighted average number of shares used in the calculation of income per share: |
|
|
| Basic |
106,970,812
|
103,765,537
|
| Diluted |
108,313,601
|
106,457,846
|