| BUSINESS SEGMENTS [Text Block] |
NOTE 13 – BUSINESS SEGMENTS
The Company has two reportable segments: Operating Plants, and Corporate and Development. These segments are managed and reported separately due to dissimilar economic characteristics. Operating plants are engaged in the sale of electricity from the power plants pursuant to long-tern PPAs. Corporate and development costs are intended to produce additional revenue generating projects. A summary of financial information concerning the Company’s reportable segments is shown in the following table:
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Operating |
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Corporate & |
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Plants |
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Development |
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Consolidated |
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Total Assets:
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| September 30, 2016 |
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$ |
183,488,046
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$ |
56,612,501
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$ |
240,099,547
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| December 31, 2015 |
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186,989,224
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41,227,903
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228,217,127
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For the Nine Months Ended September 30,
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2016:
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| Operating Revenues |
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$ |
20,900,850
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$ |
-
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$ |
20,900,850
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| Net Income (Loss) |
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5,917,713
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(4,850,355
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) |
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1,067,358
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2015:
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| Operating Revenues |
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21,264,888
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-
|
|
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21,264,888
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| Net Income (Loss) |
|
|
5,833,528
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|
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(4,023,415
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) |
|
1,810,113
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For the Three Months Ended September 30,
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2016:
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| Operating Revenues |
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$ |
6,733,294
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$ |
-
|
|
$ |
6,733,294
|
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| Net Income (Loss) |
|
|
1,644,485
|
|
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(1,376,255
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) |
|
268,230
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2015:
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|
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|
|
|
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| Operating Revenues |
|
|
6,929,847
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|
|
-
|
|
|
6,929,847
|
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| Net Income (Loss) |
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|
1,740,319
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|
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(1,145,240
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) |
|
595,079
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|