| Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block] |
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|
For the Three Months Ended September 30, 2011 |
|
| |
|
Originally |
|
|
|
|
|
|
|
| |
|
Reported |
|
|
Net Change |
|
|
As Reclassified |
|
| |
|
|
|
|
|
|
|
|
|
|
Plant Revenues:
|
|
|
|
|
|
|
|
|
|
| Energy sales |
$ |
629,582
|
|
$ |
942,111
|
|
$ |
1,571,693
|
|
| Energy credit sales |
|
30,484
|
|
|
87,432
|
|
|
117,916
|
|
| Total plant revenues |
|
660,066
|
|
|
1,029,543
|
|
|
1,689,609
|
|
| |
|
|
|
|
|
|
|
|
|
|
Plant Expenses:
|
|
|
|
|
|
|
|
|
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| Plant production expenses |
|
-
|
|
|
938,683
|
|
|
986,883
|
|
| Well repairs and maintenance |
|
-
|
|
|
329,074
|
|
|
329,074
|
|
| Depreciation and amortization |
|
-
|
|
|
710,335
|
|
|
710,335
|
|
| Total plant operating expenses |
|
-
|
|
|
2,026,292
|
|
|
2,026,292
|
|
| |
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) from Plant Operations
|
|
660,066
|
|
|
(996,749
|
) |
|
(336,683
|
) |
|
Other Operating Revenues:
|
|
|
|
|
|
|
|
|
|
| Land, water and mineral rights lease |
|
45,012
|
|
|
(45,012
|
) |
|
-
|
|
| Management fees |
|
62,500
|
|
|
(62,500
|
) |
|
-
|
|
| Gain from investment in subsidiary |
|
55,430
|
|
|
(55,430
|
) |
|
-
|
|
|
Net income (loss) from plant operations and
other operating revenues
|
|
823,008
|
|
|
(1,159,691
|
) |
|
(336,683
|
) |
| |
|
|
|
|
|
|
|
|
|
|
Expenses (Income):
|
|
|
|
|
|
|
|
|
|
| Consulting fees |
|
782
|
|
|
(782
|
) |
|
-
|
|
| Corporate administration |
|
196,073
|
|
|
-
|
|
|
196,073
|
|
| Professional & management fees |
|
259,550
|
|
|
782
|
|
|
260,332
|
|
| Salaries and wages |
|
249,751
|
|
|
-
|
|
|
249,751
|
|
| Stock based compensation |
|
317,146
|
|
|
-
|
|
|
317,146
|
|
| Travel and promotion |
|
72,629
|
|
|
-
|
|
|
72,629
|
|
| Other plant expenses |
|
614,189
|
|
|
(614,189
|
) |
|
-
|
|
| Leases and well testing |
|
38,903
|
|
|
-
|
|
|
38,903
|
|
| Other (income) expenses |
|
-
|
|
|
(3,739
|
) |
|
(3,739
|
) |
| Total expenses (income) |
|
1,749,023
|
|
|
(617,928
|
) |
|
1,131,095
|
|
| |
|
|
|
|
|
|
|
|
|
| Loss from Operations |
|
(926,015
|
) |
|
(541,763
|
) |
|
(1,467,778
|
) |
| |
|
|
|
|
|
|
|
|
|
| Other income |
|
3,434
|
|
|
(3,434
|
) |
|
-
|
|
| |
|
|
|
|
|
|
|
|
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|
Net Loss
|
|
(922,581
|
) |
|
(545,197
|
) |
|
(1,467,778
|
) |
| Net loss attributable to non-controlling interest |
|
538
|
|
|
545,197
|
|
|
545,735
|
|
| |
|
|
|
|
|
|
|
|
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Net loss attributable to U.S. Geothermal Inc.
|
|
(922,043
|
) |
|
-
|
|
|
(922,043
|
) |
| Other comprehensive Income |
|
(35,786
|
) |
|
-
|
|
|
(35,786
|
) |
| |
|
|
|
|
|
|
|
|
|
|
Comprehensive Loss attributable to U.S.
Geothermal Inc.
|
$ |
(957,829
|
) |
$ |
-
|
|
$ |
(957,829
|
) |
|
| |
|
For the Six Months Ended September 30, 2011 |
|
| |
|
Originally |
|
|
|
|
|
|
|
| |
|
Reported |
|
|
Net Change |
|
|
As Reclassified |
|
| |
|
|
|
|
|
|
|
|
|
|
Plant Revenues:
|
|
|
|
|
|
|
|
|
|
| Energy sales |
$ |
1,253,313
|
|
$ |
1,593,170
|
|
$ |
2,846,483
|
|
| Energy credit sales |
|
68,824
|
|
|
172,277
|
|
|
241,101
|
|
| Total plant revenues |
|
1,322,137
|
|
|
1,765,447
|
|
|
3,087,584
|
|
| |
|
|
|
|
|
|
|
|
|
|
Plant Expenses:
|
|
|
|
|
|
|
|
|
|
| Plant production expenses |
|
-
|
|
|
2,035,027
|
|
|
2,035,027
|
|
| Well repairs and maintenance |
|
-
|
|
|
1,809,780
|
|
|
1,809,780
|
|
| Depreciation and amortization |
|
-
|
|
|
1,475,741
|
|
|
1,475,741
|
|
| Total plant expenses |
|
-
|
|
|
5,320,548
|
|
|
5,320,548
|
|
| |
|
|
|
|
|
|
|
|
|
|
Net Income (Loss) from Plant Operations
|
|
1,322,137
|
|
|
(3,555,101
|
) |
|
(2,232,964
|
) |
|
Other Operating Revenues:
|
|
|
|
|
|
|
|
|
|
| Land, water and mineral rights lease |
|
90,024
|
|
|
(90,024
|
) |
|
-
|
|
| Management fees |
|
125,000
|
|
|
(125,000
|
) |
|
-
|
|
| Gain from investment in subsidiary |
|
94,107
|
|
|
(94,107
|
) |
|
-
|
|
|
Gain (loss) from plant operations and other
operating revenues
|
|
1,631,268
|
|
|
(3,864,232
|
) |
|
(2,232,964
|
) |
| |
|
|
|
|
|
|
|
|
|
|
Expenses (Income):
|
|
|
|
|
|
|
|
|
|
| Consulting fees |
|
2,845
|
|
|
(2,845
|
) |
|
-
|
|
| Corporate administration |
|
464,037
|
|
|
-
|
|
|
464,037
|
|
| Professional & management fees |
|
1,526,316
|
|
|
2,845
|
|
|
1,529,161
|
|
| Salaries and wages |
|
848,787
|
|
|
-
|
|
|
848,787
|
|
| Stock based compensation |
|
852,044
|
|
|
-
|
|
|
852,044
|
|
| Travel and promotion |
|
110,015
|
|
|
-
|
|
|
110,015
|
|
| Plant operating expenses |
|
1,293,078
|
|
|
(1,293,078
|
) |
|
-
|
|
| Leases and well testing |
|
73,647
|
|
|
-
|
|
|
73,647
|
|
| Other (income) expense |
|
-
|
|
|
(9,522
|
) |
|
(9,522
|
) |
| Total expenses (income) |
|
5,170,769
|
|
|
(1,302,600
|
) |
|
3,868,169
|
|
| |
|
|
|
|
|
|
|
|
|
| |
|
(3,539,501
|
) |
|
(2,561,632
|
) |
|
(6,101,133
|
) |
| |
|
|
|
|
|
|
|
|
|
| Other (income) expenses |
|
8,915
|
|
|
(8,915
|
) |
|
-
|
|
| |
|
|
|
|
|
|
|
|
|
|
Net Loss before accumulated change
|
|
(3,530,586
|
) |
|
(2,570,547
|
) |
|
(6,101,133
|
) |
| Accumulated effect on prior period application of capitalization policy |
|
262,305
|
|
|
-
|
|
|
262,305
|
|
| |
|
|
|
|
|
|
|
|
|
|
Net Loss
|
|
(3,268,281
|
) |
|
(2,570,547
|
) |
|
(5,838,828
|
) |
| Net loss attributable to non-controlling interest |
|
5,214
|
|
|
2,570,547
|
|
|
2,575,761
|
|
| |
|
|
|
|
|
|
|
|
|
|
Net loss attributable to U.S. Geothermal Inc.
|
|
(3,263,067
|
) |
|
-
|
|
|
(3,263,067
|
) |
| Other comprehensive Income |
|
(103,575
|
) |
|
-
|
|
|
(103,575
|
) |
| |
|
|
|
|
|
|
|
|
|
|
Comprehensive Loss attributable to U.S.
Geothermal Inc.
|
$ |
(3,366,642
|
) |
$ |
-
|
|
$ |
(3,366,642
|
|
|