|
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
|
3 Months Ended |
|
Mar. 31, 2013
|
Mar. 31, 2012
|
| Plant Revenues: |
|
|
| Energy sales |
$ 6,988,660 |
$ 1,057,092 |
| Energy credit sales |
98,330 |
101,995 |
| Total plant operating revenues |
7,086,990 |
1,159,087 |
| Plant Expenses: |
|
|
| Plant production expenses |
1,326,081 |
72,888 |
| Well repairs and maintenance |
0 |
1,449,821 |
| Depreciation and amortization |
1,658,400 |
698,153 |
| Total plant operating expenses |
2,984,481 |
2,220,862 |
| Net Income (Loss) from Plant Operations |
4,102,509 |
(1,061,775) |
| Expenses (Income): |
|
|
| Corporate administration |
292,240 |
178,939 |
| Professional and management fees |
299,381 |
112,163 |
| Salaries and wages |
564,488 |
205,750 |
| Stock based compensation |
59,362 |
304,131 |
| Travel and promotion |
50,505 |
33,356 |
| Leases and well testing |
162,009 |
25,020 |
| Interest expense |
480,102 |
0 |
| Other (income) expenses |
(40,657) |
494,724 |
| Total expenses (income) |
1,867,430 |
1,354,083 |
| Net Income (Loss) Before Income Tax Expense |
2,235,079 |
(2,415,858) |
| Net Income Tax : |
|
|
| Income taxes |
853,800 |
0 |
| Effect of net deferred tax assets |
(853,800) |
0 |
| Net income taxes |
0 |
0 |
| Net Income (Loss) Before Net Income (Loss) Attributable to U.S. Geothermal, Inc. |
2,235,079 |
(2,415,858) |
| Net (income) loss attributable to the non-controlling interests |
(846,556) |
772,135 |
| Net Income (Loss) Attributable to U.S. Geothermal Inc. |
1,388,523 |
(1,643,723) |
| Other Comprehensive Income (Loss): |
|
|
| Unrealized income (loss) on investment in equity securities |
(19,665) |
31,551 |
| Comprehensive Income (Loss) Attributable to U.S. Geothermal Inc. |
$ 1,368,858 |
$ (1,612,172) |
| Basic Net Income (Loss) Per Share Attributable to U.S. Geothermal Inc. |
$ 0.01 |
$ (0.02) |
| Diluted Net Income (Loss) Per Share Attributable to U.S. Geothermal Inc. |
$ 0.01 |
$ (0.02) |
| Weighted Average Number of Shares Outstanding for Basic Calculations |
101,516,764 |
85,016,732 |
| Weighted Average Number of Shares, Stock Options and Warrants Outstanding for Diluted Calculations |
122,568,560 |
85,016,732 |