CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
|
| Plant Revenues: | ||||
| Energy sales | $ 6,654,363 | $ 6,854,109 | $ 20,655,109 | $ 21,009,178 |
| Energy credit sales | 78,931 | 75,738 | 245,741 | 255,710 |
| Total plant operating revenues | 6,733,294 | 6,929,847 | 20,900,850 | 21,264,888 |
| Plant Expenses: | ||||
| Plant production expenses | 2,276,969 | 2,532,780 | 6,893,103 | 7,307,590 |
| Depreciation and amortization | 1,586,903 | 1,577,622 | 4,752,192 | 4,720,220 |
| Total plant operating expenses | 3,863,872 | 4,110,402 | 11,645,295 | 12,027,810 |
| Gross Profit | 2,869,422 | 2,819,445 | 9,255,555 | 9,237,078 |
| Operating Expenses: | ||||
| Corporate administration | 406,513 | 263,301 | 1,060,217 | 886,485 |
| Professional and management fees | 168,489 | 185,005 | 1,380,649 | 818,697 |
| Employee compensation | 699,554 | 670,940 | 2,381,550 | 2,303,407 |
| Promotion | 66,590 | 74,358 | 330,487 | 148,866 |
| Exploration | 3,826 | 3,826 | 31,421 | 72,557 |
| Operating Income | 1,524,450 | 1,622,015 | 4,071,231 | 5,007,066 |
| Other (income) expense: | ||||
| Interest expense | 1,241,454 | 927,730 | 3,217,949 | 2,855,816 |
| Other (income) expense | 104,766 | (70,794) | 81,924 | (131,863) |
| Income (Loss) Before Income Tax Expense (Benefit) | 178,230 | 765,079 | 771,358 | 2,283,113 |
| Change in deferred income taxes | (90,000) | 170,000 | (296,000) | 473,000 |
| Net Income (Loss) | 268,230 | 595,079 | 1,067,358 | 1,810,113 |
| Net (income) loss attributable to the non-controlling interests | (418,728) | (314,215) | (1,560,181) | (1,028,934) |
| Net Income (Loss) Attributable to U.S. Geothermal Inc. | $ (150,498) | $ 280,864 | $ (492,823) | $ 781,179 |
| Net Earnings (Loss) Per Share Attributable to U.S. Geothermal Inc.: | ||||
| Basic | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 |
| Diluted | $ 0.00 | $ 0.00 | $ 0.00 | $ 0.00 |
| Shares used in the calculation of income per share: | ||||
| Basic | 113,292,996 | 107,164,333 | 111,463,616 | 106,902,666 |
| Diluted | 113,292,996 | 108,359,065 | 111,463,616 | 108,584,804 |