CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
|
12 Months Ended |
Dec. 31, 2015 |
Dec. 31, 2014 |
| Operating Activities: |
|
|
| Net Income |
$ 4,950,498
|
$ 14,896,297
|
| Adjustments to reconcile net income to total cash provided by operating activities: |
|
|
| Depreciation and amortization |
6,409,818
|
6,367,817
|
| Stock based compensation |
1,107,828
|
1,339,496
|
| Loss on sale of securities |
0
|
27,967
|
| Gain on software refund |
0
|
(13,239)
|
| Loss on disposal of geothermal water rights |
0
|
451,299
|
| Change in deferred income taxes |
1,386,000
|
(10,307,000)
|
| Net changes in: |
|
|
| Trade accounts receivable |
7,616
|
332,673
|
| Accounts payable and accrued liabilities |
59,510
|
178,158
|
| Prepaid expenses and other |
(130,460)
|
(471,097)
|
| Total cash provided by operating activities |
13,790,810
|
12,802,371
|
| Investing Activities: |
|
|
| Purchases of property, plant and equipment |
(6,602,974)
|
(3,746,083)
|
| Acquisition of additional interests in subsidiaries |
(3,500,000)
|
(6,842,281)
|
| Proceeds from sale of equities held for investment |
0
|
41,528
|
| Proceeds from software refund |
0
|
31,120
|
| Net funding of restricted cash reserves and bonds |
(180,919)
|
(4,712)
|
| Total cash used by investing activities |
(10,283,893)
|
(10,520,428)
|
| Financing Activities: |
|
|
| Issuance of common stock |
49,549
|
1,634,918
|
| Contributions from non-controlling interest |
0
|
7,360
|
| Distributions to non-controlling interest |
(3,462,589)
|
(15,048,334)
|
| Principal payments on notes payable and other obligations |
(4,413,558)
|
(4,569,726)
|
| Principal payments on capital leases |
(20,919)
|
(48,120)
|
| Total cash used by financing activities |
(7,847,517)
|
(18,023,902)
|
| Decrease in Cash and Cash Equivalents |
(4,340,600)
|
(15,741,959)
|
| Cash and Cash Equivalents, Beginning of Period |
12,994,975
|
28,736,934
|
| Cash and Cash Equivalents, End of Period |
8,654,375
|
12,994,975
|
| Non-cash investing and financing activities: |
|
|
| Accrual for purchases of property and equipment |
8,230
|
84,208
|
| Company acquisition by issuance of common stock |
0
|
318,674
|
| Convertible promissory note issued for additional subsidiary interest |
1,597,000
|
0
|
| Non-cash distributions to non-controlling interest |
24,000
|
24,000
|
| Other Items: |
|
|
| Interest paid |
$ 3,819,585
|
$ 4,080,396
|