|
PROPERTY, PLANT AND EQUIPMENT (Tables)
|
3 Months Ended |
|
Mar. 31, 2013
|
| Schedule of Property, Plant and Equipment [Table Text Block] |
| |
|
March 31, |
|
|
December 31, |
|
| |
|
2013 |
|
|
2012 |
|
| Land |
$ |
1,603,509
|
|
$ |
1,603,509
|
|
| Power production plant |
|
158,482,959
|
|
|
159,795,806
|
|
| Grant proceeds for power plants |
|
(52,965,236
|
) |
|
(54,684,452
|
) |
| Wells |
|
66,650,807
|
|
|
66,619,604
|
|
| Grant proceeds for wells |
|
(2,487,773
|
) |
|
(2,487,773
|
) |
| Furniture and equipment |
|
1,404,410
|
|
|
1,356,143
|
|
| |
|
172,688,676
|
|
|
172,202,837
|
|
| |
|
|
|
|
|
|
| Less: accumulated depreciation |
|
(16,117,744
|
) |
|
(14,491,277
|
) |
| |
|
156,570,932
|
|
|
157,711,260
|
|
| Construction in progress |
|
2,925,903
|
|
|
2,877,994
|
|
| |
|
|
|
|
|
|
| |
$ |
159,496,835
|
|
$ |
160,589,254
|
|
|
| Schedule of Capitalized Interest Costs [Table Text Block] |
| |
|
For the Three Months Ended March 31, |
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| |
|
2013 |
|
|
2012 |
|
| Total interest expense incurred |
$ |
481,769
|
|
$ |
574,901
|
|
| Capitalized interest |
|
-
|
|
|
573,426
|
|
|
| Schedule of Changes in Construction in Progress [Table Text Block] |
| |
|
|
|
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For the Nine |
|
| |
|
For the Three |
|
|
Months Ended |
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| |
|
Months Ended |
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December 31, |
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| |
|
March 31, 2013 |
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|
2012 |
|
| Beginning balances |
$ |
2,877,994
|
|
$ |
145,987,128
|
|
| Development/construction |
|
47,909
|
|
|
64,564,914
|
|
| Grant reimbursements and rebates |
|
-
|
|
|
(55,244,491
|
) |
| Transfers into production |
|
-
|
|
|
(152,429,557
|
) |
| Ending balances |
$ |
2,925,903
|
|
$ |
2,877,994
|
|
|
| Schedule of Changes in Construction in Progress, by Project [Table Text Block] |
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|
March 31, |
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|
December 31, |
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| |
|
2013 |
|
|
2012 |
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| Raft River, Idaho: |
|
|
|
|
|
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| Unit II, power plant, substation and transmission lines |
$ |
750,493
|
|
$ |
750,493
|
|
| Unit II, well construction |
|
2,102,168
|
|
|
2,100,862
|
|
| |
|
2,852,661
|
|
|
2,851,355
|
|
| Neal Hot Springs, Oregon: |
|
|
|
|
|
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| Wells |
|
73,242
|
|
|
26,639
|
|
| |
|
|
|
|
|
|
| |
$ |
2,925,903
|
|
$ |
2,877,994
|
|
|