Us Geothermal 10-Q 11 Aug 15 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 08, 2015
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Trading Symbol	htm
Entity Registrant Name	US GEOTHERMAL INC
Entity Central Index Key	1,172,136
Current Fiscal Year End Date	--03-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		107,591,425
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well Known Seasoned Issuer	No
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Current:
Cash and cash equivalents	$ 12,838,264	$ 12,994,975
Restricted cash and bonds	4,959,711	3,320,781
Trade accounts receivable	2,419,811	3,774,133
Deferred income tax asset	1,803,000	1,803,000
Other current assets	1,525,513	1,550,359
Total current assets	23,546,299	23,443,248
Restricted cash and bond reserves	17,012,105	18,690,096
Property, plant and equipment, net of depreciation	166,686,533	166,859,446
Intangible assets, net of amortization	15,356,671	15,417,514
Net deferred income tax asset	8,201,000	8,504,000
Total assets	230,802,608	232,914,304
Current Liabilities:
Accounts payable and accrued liabilities	1,984,471	1,886,947
Related party accounts payable	8,616	5,195
Current portion of capital lease obligations	0	20,919
Current portion of notes payable	4,389,840	4,336,271
Total current liabilities	6,382,927	6,249,332
Long-term Liabilities:
Asset retirement obligations	1,400,000	1,400,000
Notes payable, less current portion	92,302,063	94,376,351
Total long-term liabilities	93,702,063	95,776,351
Total liabilities	100,084,990	102,025,683
Commitments and Contingencies	0	0
STOCKHOLDERS' EQUITY
Capital stock (authorized: 250,000,000 common shares with a $0.001 par value; issued and outstanding shares at June 30, 2015 and December 31, 2014 were: 107,591,425 and 107,018,029; respectively)	107,591	107,018
Additional paid-in capital	104,409,418	103,669,371
Accumulated deficit	(18,784,544)	(19,284,860)
Total stockholders' Equity before Non-controlling Interest	85,732,465	84,491,529
Non-controlling interests	44,985,153	46,397,092
Total stockholders' equity	130,717,618	130,888,621
Total liabilities and stockholders' equity	$ 230,802,608	$ 232,914,304

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Common Stock, Shares Authorized	250,000,000	250,000,000
Common Stock, Par Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares, Issued	107,591,425	107,018,029
Common Stock, Shares, Outstanding	107,591,425	107,018,029

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Plant Revenues:
Energy sales	$ 5,779,323	$ 5,760,037	$ 14,155,069	$ 14,161,134
Energy credit sales	81,857	85,837	179,972	186,705
Total plant operating revenues	5,861,180	5,845,874	14,335,041	14,347,839
Plant Expenses:
Plant production expenses	2,484,598	2,709,790	4,774,810	4,869,496
Depreciation and amortization	1,574,586	1,564,988	3,142,598	3,123,306
Total plant operating expenses	4,059,184	4,274,778	7,917,408	7,992,802
Gross Profit	1,801,996	1,571,096	6,417,633	6,355,037
Operating Expenses (Income):
Corporate administration	327,804	299,797	623,184	592,103
Professional and management fees	250,569	197,964	633,692	567,947
Salaries and wages	554,807	677,343	936,795	1,072,056
Stock based compensation	330,217	630,153	695,672	777,465
Travel and promotion	44,080	65,271	74,508	99,994
Exploration costs	25,690	19,402	68,731	43,488
Operating Income (Loss)	268,829	(318,834)	3,385,051	3,201,984
Interest Expense	978,735	1,008,737	1,928,086	1,989,729
Other (income) expense	(20,559)	(19,241)	(61,069)	(26,506)
Income (Loss) Before Income Tax Expense	(689,347)	(1,308,330)	1,518,034	1,238,761
Income Tax Expense (Benefit)	(141,000)	0	303,000	0
Net Income (Loss)	(548,347)	(1,308,330)	1,215,034	1,238,761
Net (income) loss attributable to the non-controlling interests	314,527	155,517	(714,718)	(1,052,154)
Net Income (Loss) Attributable to U.S. Geothermal Inc.	(233,820)	(1,152,813)	500,316	186,607
Other Comprehensive Income:
Unrealized income on investment in equity securities	0	0	0	27,321
Comprehensive Income (Loss) Attributable to U.S. Geothermal Inc.	$ (233,820)	$ (1,152,813)	$ 500,316	$ 213,928
Basic Net Earnings (Loss) Per Share Attributable to U.S. Geothermal Inc.	$ 0	$ (0.01)	$ 0	$ 0
Diluted Net Earnings (Loss) Per Share Attributable to U.S. Geothermal Inc.	$ 0	$ (0.01)	$ 0	$ 0
Shares used in the calculation of income per share:
Basic	107,056,235	103,101,019	106,769,663	102,553,770
Diluted	107,056,235	103,101,019	108,051,992	105,334,145

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Operating Activities:
Net Income	$ 1,215,034	$ 1,238,761
Adjustments to reconcile net income to total cash provided by operating activities:
Depreciation and amortization	3,201,843	3,188,050
Stock based compensation	695,672	777,465
Loss on sale of securities	0	27,967
Change in deferred income taxes	303,000	0
Net changes in:
Trade accounts receivable	1,354,322	1,589,753
Accounts payable and accrued liabilities	13,624	1,229,413
Prepaid expenses and other	24,846	(188,130)
Total cash provided by operating activities	6,808,341	7,863,279
Investing Activities:
Purchases of property, plant and equipment	(2,904,766)	(1,150,022)
Acquisition of subsidiaries	0	(6,782,445)
Deposits on costs related to acquisition	0	(136,546)
Proceeds from sale of equities held for investment	0	41,528
Net release (funding) of restricted cash reserves and bonds	39,061	(161,378)
Total cash used by investing activities	(2,865,705)	(8,188,863)
Financing Activities:
Issuance of common stock	44,949	405,189
Distributions to non-controlling interest	(2,102,658)	(13,328,948)
Principal payments on notes payable and other obligations	(2,020,719)	(3,855,942)
Principal payments on capital leases	(20,919)	(23,696)
Total cash used by financing activities	(4,099,347)	(16,803,397)
Increase (Decrease) in Cash and Cash Equivalents	(156,711)	(17,128,981)
Cash and Cash Equivalents, Beginning of Period	12,994,975	28,736,934
Cash and Cash Equivalents, End of Period	12,838,264	11,607,953
Non-cash investing and financing activities:
Accrual for purchases of property and equipment	63,321	301,602
Other Items:
Interest paid	$ 1,932,237	$ 2,002,894

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS EQUITY - USD ($)	Common Shares [Member]	Additional Paid-In Capital [Member]	Accumulated Deficit [Member]	Accumulated Comprehensive Income (Loss) [Member]	Non-controlling Interest [Member]	Total
Beginning Balance at Dec. 31, 2013	$ 102,094	$ 100,381,207	$ (30,898,571)	$ (27,321)	$ 58,155,480	$ 127,712,889
Beginning Balance (Shares) at Dec. 31, 2013	102,094,542
Distributions to non-controlling interest entities					(15,048,334)	(15,048,334)
Non-controlling equity contributions					7,360	7,360
Stock issued to shareholders of acquired company	$ 693	317,981				318,674
Stock issued to shareholders of acquired company (Shares)	692,769
Stock issued by the exercise of employee stock options	$ 1,077	336,544				337,621
Stock issued by the exercise of employee stock options (Share)	1,077,000
Stock issued by the exercise of stock purchase warrants	$ 2,595	1,294,703				1,297,298
Stock issued by the exercise of stock purchase warrants (Shares)	2,594,596
Stock compensation	$ 559	1,338,936				1,339,495
Stock compensation (shares)	559,122
Unrealized loss and reclassification to net income				$ 27,321		27,321
Net income			11,613,711		3,282,586	14,896,297
Ending Balance at Dec. 31, 2014	$ 107,018	103,669,371	(19,284,860)		46,397,092	130,888,621
Ending Balance (Shares) at Dec. 31, 2014	107,018,029
Distributions to non-controlling interest entities					(2,126,657)	(2,126,657)
Stock issued by the exercise of employee stock options	$ 145	44,803				44,948
Stock issued by the exercise of employee stock options (Share)	145,000
Stock compensation	$ 428	695,244				695,672
Stock compensation (shares)	428,396
Net income			500,316		714,718	1,215,034
Ending Balance at Jun. 30, 2015	$ 107,591	$ 104,409,418	$ (18,784,544)		$ 44,985,153	$ 130,717,618
Ending Balance (Shares) at Jun. 30, 2015	107,591,425

ORGANIZATION AND DESCRIPTION OF

ORGANIZATION AND DESCRIPTION OF BUSINESS	6 Months Ended
	Jun. 30, 2015
ORGANIZATION AND DESCRIPTION OF BUSINESS [Text Block]	NOTE 1 - ORGANIZATION AND DESCRIPTION OF BUSINESS U.S. Geothermal Inc. (“the Company”) was incorporated on March 10, 2000 in the State of Delaware. U.S. Geothermal Inc. – Idaho was formed in February 2002, and is the primary subsidiary through which the Company conducts its operations. The Company constructs, owns, manages and operates power plants that utilize geothermal resources to produce renewable energy. The Company’s operations have been, primarily, focused in the United States and Central America. Basis of Presentation These unaudited interim consolidated financial statements of the Company and its subsidiaries have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”) for interim financial reporting. Certain information and footnote disclosures normally included in the annual consolidated financial statements prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) have been condensed or omitted pursuant to such rules and regulations. In our opinion, the unaudited consolidated financial statements include all material adjustments, all of which are of a normal and recurring nature, necessary to present fairly our financial position as of June 30, 2015 and our operating results and cash flows for the six months ended June 30, 2015 and 2014. The accompanying financial information as of December 31, 2014 is derived from audited financial statements. Interim results are not necessarily indicative of results for a full year. The information included in this Quarterly Report on Form 10-Q should be read in conjunction with our Annual Report on Form 10-K for the year ended December 31, 2014. The Company consolidates subsidiaries that it controls (more-than- 50% owned) and entities over which control is achieved through means other than voting rights. These consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, as well as three controlling interests. The accounts of the following companies are consolidated in these financial statements: i) U.S. Geothermal Inc. (incorporated in the State of Delaware); ii) U.S. Geothermal Inc. (incorporated in the State of Idaho); iii) U.S. Geothermal Services, LLC (organized in the State of Delaware); iv) Nevada USG Holdings, LLC (organized in the State of Delaware); v) USG Nevada LLC (organized in the State of Delaware); vi) Nevada North USG Holdings, LLC (organized in the State of Delaware); vii) USG Nevada North, LLC (organized in the State of Delaware); viii) Oregon USG Holdings, LLC (organized in the State of Delaware); ix) USG Oregon LLC (organized in the State of Delaware); x) Raft River Energy I LLC (organized in the State of Delaware); xi) Gerlach Geothermal LLC (organized in the State of Delaware); xii) USG Gerlach LLC (organized in the State of Delaware); xiii) U.S. Geothermal Guatemala, S.A. (organized in Guatemala); xiv) Geysers USG Holdings Inc. (incorporated in the State of Delaware); xv) Western GeoPower, Inc. (incorporated in the State of California); xvi) Etoile Holdings Inc. (incorporated in the Bahamas); xvii) Mayacamas Energy LLC (organized in the State of California); xviii) Skyline Geothermal LLC (organized in the State of Delaware); xix) Skyline Geothermal Holding, Inc. (incorporated in the State of Delaware); and xx) Earth Power Resources Inc. (incorporated in Delaware). All intercompany transactions are eliminated upon consolidation. In cases where the Company owns a majority interest in an entity but does not own 100% of the interest in the entity, it recognizes a non-controlling interest attributed to the interest controlled by outside third parties. The Company will recognize 100% of the assets and liabilities of the entity, and disclose the non-controlling interest. The consolidated statements of comprehensive income will consolidate the subsidiary’s full operations, and will separately disclose the elimination of the non-controlling interest’s allocation of profits and losses.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2015
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Text Block]	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Cash and Cash Equivalents The Company considers all unrestricted cash, short-term deposits, and other investments with original maturities of no more than ninety days when acquired to be cash and cash equivalents. Trade Accounts Receivable Allowance for Doubtful Accounts Management estimates the amount of trade accounts receivable that may not be collectible and records an allowance for doubtful accounts. The allowance is an estimate based upon aging of receivable balances, historical collection experience, and the periodic credit evaluations of our customers’ financial condition. Receivable balances are written off when we determine that the balance is uncollectible. As of June 30, 2015 and December 31, 2014, there were no balances that were over 90 days past due and no balance in allowance for doubtful accounts was recognized. Concentration of Credit Risk The Company’s cash and cash equivalents, including restricted cash, consisted of commercial bank deposits, money market accounts, and petty cash. Cash deposits are held in commercial banks in Boise, Idaho and Portland, Oregon. Deposits are guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 per legal entity. At June 30, 2015, the Company’s total cash balance, excluding money market funds, was $3,239,424 and bank deposits amounted to $3,604,803. The primary difference was due to outstanding checks and deposits. Of the bank deposits, $1,957,685 was not covered by or was in excess of FDIC insurance guaranteed limits. At June 30, 2015, the Company’s money market funds invested, primarily, in government backed securities totaled $31,566,956 and were not subject to deposit insurance. Property, Plant and Equipment Property, plant and equipment, including assets under capital lease, are recorded at historical cost. Costs of acquisition of geothermal properties are capitalized in the period of acquisition. Major improvements that significantly increase the useful lives and/or capabilities of the assets are capitalized. A primary factor in determining whether to capitalize construction type costs is the stage of the potential project’s development. Once a project is determined to be commercially viable, all costs directly associated with the development and construction of the project are capitalized. Until that time, all development costs are expensed. A commercially viable project will have, among other factors, a reservoir discovery well or other significant geothermal surface anomaly, a power transmission path that is identified and available, and an electricity off-taker identified. A valid reservoir discovery is generally defined when a test well has been substantially completed that indicates the presence of a geothermal reservoir that has a high probability of possessing the necessary temperatures, permeability, and flow rates. After a valid discovery has been made, the project enters the development stage. Generally, all costs incurred during the development stage are capitalized and tracked on an individual project basis. If a geothermal project is abandoned, the associated costs that have been capitalized are charged to expense in the year of abandonment. Expenditures for repairs and maintenance are charged to expense as incurred. Interest costs incurred during the construction period of defined major projects from debt that is specifically incurred for those projects are capitalized. Funds received from grants associated with capital projects reduce the cost of the asset directly associated with the individual grants. The offset of the cost of the asset associated with grant proceeds is recorded in the period when the requirements of the grant are substantially complete and the amount can be reasonably estimated. Direct labor costs, incurred for specific major projects expected to have long-term benefits will be capitalized. Direct labor costs subject to capitalization include employee salaries, as well as, related payroll taxes and benefits. With respect to the allocation of salaries to projects, salaries are allocated based on the percentage of hours that our key managers, engineers and scientists work on each project and are invoiced to the project each month. These individuals track their time worked at each project. Major projects are, generally, defined as projects expected to exceed $500,000. Direct labor includes all of the time incurred by employees directly involved with construction and development activities. General and/or indirect management time and time spent evaluating the feasibility of potential projects is expensed when incurred. Employee training time is expensed when incurred. Depreciation is calculated on a straight-line basis over the estimated useful life of the asset. Where appropriate, terms of property rights and revenue contracts can influence the determination of estimated useful lives. Estimated useful lives in years by major asset categories are summarized as follows: Estimated Useful Asset Categories Lives in Years Furniture, vehicle and other equipment 3 to 5 Power plant, buildings and improvements 3 to 30 Wells 30 Well pumps and components 5 to 15 Pipelines 30 Transmission lines 30 Stock Compensation The Company accounts for stock based compensation by recording the estimated fair value of stock-based awards granted as compensation expense over the vesting period, net of estimated forfeitures. The fair value of restricted stock awards is determined based on the number of shares granted and the quoted price of the Company’s common stock on the date of grant. The fair value of stock option awards is estimated at the grant date as calculated by the Black-Scholes-Merton option pricing model. Stock-based compensation expense is attributed to earnings for stock options and restricted stock on the straight-line method. The Company estimates forfeitures of stock-based awards based on historical experience and expected future activity. Earnings Per Share Basic income or loss per share is computed using the weighted average number of common shares outstanding during the period, and excludes any dilutive effects of common stock equivalent shares, such as options and restricted stock awards. Restricted stock awards (“RSAs”) are considered outstanding and included in the computation of basic income or loss per share when underlying restrictions expire and the awards are no longer forfeitable. Diluted income per share is computed using the weighted average number of common shares outstanding and common stock equivalent shares outstanding during the period using the treasury stock method. Common stock equivalent shares are excluded from the computation if their effect is anti-dilutive. In a period where we are in a net loss position, the diluted loss per share is computed using the basic share count. Common stock equivalents not used in the diluted share calculations are as follows: For the Six Months Ended June 30, 2015 2014 Stock Options 6,783,500 5,656,250 Broker Warrants 7,661,854 4,351,042 Totals 14,445,354 10,007,292 Losses were reported in the three months ended June 30, 2015 and 2014; therefore, the basic share counts were used for the calculations. Foreign Currency Translation The Company’s functional currency is the U.S. dollar. Monetary items are converted into U.S. dollars at the rate prevailing at the consolidated balance sheet date. Resulting gains and losses are included in determining net income (loss) for the period in which exchange rates change. Revenue Revenue Recognition Energy Sales Renewable Energy Credits (“RECs”) Revenue Source All of the Company’s operating revenues (energy sales and renewable energy credit sales) originate from energy production from its interests in geothermal power plants located in the states of Idaho, Oregon and Nevada. Recent Accounting Pronouncements Management has considered all recent accounting pronouncements. The following pronouncements were deemed applicable to our financial statements: Consolidation Amendments to the Consolidation Analysis, Consolidation (Topic 810). Presentation of Debt Issuance Costs Simplifying the Presentation of Debt Issuance Costs, Interest-Imputation of Interest (Subtopic 835-30).

RESTRICTED CASH AND BOND RESERV

RESTRICTED CASH AND BOND RESERVES	6 Months Ended
	Jun. 30, 2015
RESTRICTED CASH AND BOND RESERVES [Text Block]	NOTE 3 – RESTRICTED CASH AND BOND RESERVES Under the terms of the loan agreements with the Department of Energy and Prudential Capital Group, various bond and cash reserves are required to provide assurances that the power plants will have the necessary funds to maintain expected operations and meet loan payment obligations. Restricted cash balances and bond reserves are summarized as follows: Current restricted cash and bond reserves : June 30, December 31, Restricting Entities/Purpose 2015 2014 Idaho Department of Water Resources, Geothermal Well Bond $ 260,000 $ 260,000 Bureau of Land Management, Geothermal Lease Bond- Gerlach 10,000 10,000 State of Nevada Division of Minerals, Statewide Drilling Bond 50,000 50,000 Bureau of Land Management, Geothermal Lease Bonds- USG Nevada 150,000 150,000 Oregon Department of Geology and Mineral Industries, Mineral Land and Reclamation Program 400,000 400,000 Prudential Capital Group, Revenue Account 684,394 188,930 Prudential Capital Group, Debt Service Reserves 1,594,955 - Bureau of Land Management , Geothermal Rights Lease Bond 10,000 10,000 U.S. Department of Energy, Debt Service Payment Account 1,700,362 2,151,851 State of California Division of Oil, Gas and Geothermal Resources, Well Cash Bond 100,000 100,000 $ 4,959,711 $ 3,320,781 Long-term restricted cash and bond reserves: June 30, December 31, Restricting Entities/Purpose 2015 2014 Nevada Energy, PPA Security Bond $ 1,468,898 $ 1,468,898 Prudential Capital Group, Debt Service Reserves - 1,594,605 Prudential Capital Group, Maintenance Reserves 587,268 604,529 Prudential Capital Group, Well Reserves 116,542 212,298 U.S. Department of Energy, Operations Reserves 270,000 270,000 U.S. Department of Energy, Debt Service Reserves 2,550,862 2,582,606 U.S. Department of Energy, Short Term Well Field Reserves 4,506,307 4,505,150 U.S. Department of Energy, Long-Term Well Field Reserves 4,863,166 4,761,927 U.S. Department of Energy, Capital Expenditure Reserves 2,649,062 2,690,083 $ 17,012,105 $ 18,690,096 The well bonding requirements ensure that the Company has sufficient financial resources to construct, operate and maintain geothermal wells while safeguarding subsurface, surface and atmospheric resources from unreasonable degradation, and to protect ground water aquifers and surface water sources from contamination. Other future costs of environmental remediation cannot be reasonably estimated and have not been recorded. The debt service reserves are required to provide assurance that the Company will have sufficient funds to meet its debt payment obligations for the terms specified by the loan agreements. The maintenance and capital expenditure reserves are required by the lending entities to ensure that funds are available to acquire and maintain critical components of power plants and related supporting structures to enable the plants to operate according to expectations. Except for the PPA Security Bond, all of the restricted funds consisted of cash deposits or money market accounts held in commercial banks. Portions of the cash deposits are subject to FDIC insurance. See note 2 for details. The PPA Security Bond is held by the power purchaser. All of the reserve accounts were considered to be fully funded at June 30, 2015 and December 31, 2014.

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	6 Months Ended
	Jun. 30, 2015
PROPERTY, PLANT AND EQUIPMENT [Text Block]	NOTE 4 - PROPERTY, PLANT AND EQUIPMENT During the quarter ended June 30, 2015, the Company focused development activities on the Crescent Valley and WGP Geysers projects with development spending totaling approximately $1,111,000 for the quarter. Drilling costs of approximately $311,000 were incurred on a production well at Crescent Valley. Costs were incurred at WGP Geysers for site preparation, permitting, an interconnection study and well field testing that totaled approximately $735,000. On June 19, 2015, the Company purchased 160 acres of land located in Raft River, Idaho for approximately $65,000. Property, plant and equipment, at cost, are summarized as follows: December 31, June 30, 2015 2014 Land $ 3,275,122 $ 3,211,010 Power production plant 162,076,367 162,076,367 Grant proceeds for power plants (52,965,236 ) (52,965,236 ) Wells 67,621,167 67,621,167 Grant proceeds for wells (3,464,555 ) (3,464,555 ) Furniture and equipment 2,048,032 1,796,807 178,590,897 178,275,560 Less: accumulated depreciation (30,179,836 ) (27,068,836 ) 148,411,061 151,206,724 Construction in progress 18,275,472 15,652,722 $ 166,686,533 $ 166,859,446 Depreciation expense was charged to plant operations and general expenses for the following periods: June 30, 2015 2014 Three months ended $ 1,561,001 $ 1,344,175 Six months ended 3,111,001 3,097,207 Changes in construction in progress are summarized as follows: For the Six Months For the Year Ended June 30, Ended December 2015 31, 2014 Beginning balances $ 15,652,722 $ 6,354,503 Development/construction 2,622,750 3,730,371 Grant reimbursements and rebates - (632,210 ) Acquisitions - 6,200,058 Ending balances $ 18,275,472 $ 15,652,722 Construction in Progress, at cost, consisting of the following projects/assets by location are as follows: June 30, December 31, 2015 2014 Raft River, Idaho: Unit I, well improvements $ 104,960 $ - Unit II, power plant, substation and transmission lines 750,493 750,493 Unit II, well construction 2,130,907 2,127,547 2,986,360 2,878,040 San Emidio, Nevada: Unit II, power plant, substation and transmission lines 423,536 383,536 Unit II, well construction 3,243,237 3,133,873 3,666,773 3,517,409 Neal Hot Springs, Oregon: Power plant and facilities 12,853 6,477 Well construction 66,161 - 79,014 6,477 WGP Geysers, California: Power plant and facilities 319,989 319,988 Well construction 7,301,552 6,139,421 7,621,541 6,459,409 Crescent Valley, Nevada: Well construction 1,106,498 133,058 El Ceibillo, Republic of Guatemala: Well construction 2,806,786 2,649,829 Plant and facilities 8,500 8,500 2,815,286 2,658,329 $ 18,275,472 $ 15,652,722

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2015
INCOME TAXES [Text Block]	NOTE 5 – INCOME TAXES The Company’s estimated effective income tax rate is as follows: For the Six Months Ended June 30, 2015 2014 U.S. Federal statutory rate 34.0% 34.0% Average State and foreign income tax, net of federal tax effect 3.7 3.7 Valuation allowance - (37.7 ) Consolidated tax rate before non-controlling interest 37.7 - Tax effect of non-controlling interests (17.7 ) - Net effective tax rate 20.0% -% The provision for income taxes reflects an estimated effective income tax rate attributable to U.S. Geothermal Inc.’s share of income. Our provision for income taxes for the six months ended June 30, 2015, reflects a reported effective tax rate of 20.0% which differs from the statutory federal income tax rate of 34.0% primarily due to the impact of the non-controlling interest and state income taxes. The Company currently does not have any uncertain tax positions to disclose. In the event that the Company is assessed interest or penalties on uncertain tax positions at some point in the future, it will be classified in the financial statements as tax expense.

NOTES PAYABLE

NOTES PAYABLE	6 Months Ended
	Jun. 30, 2015
NOTES PAYABLE [Text Block]	NOTE 6 – NOTES PAYABLE U.S. Department of Energy Loan advances/tranches and effective annual interest rates are details as follows: Annual Interest Description Amount Rate % Advances by date: August 31, 2011* $ 2,328,422 2.997 September 28, 2011 10,043,467 2.755 October 27, 2011 3,600,026 2.918 December 2, 2011 4,377,079 2.795 December 21, 2011 2,313,322 2.608 January 25, 2012 8,968,019 2.772 April 26, 2012 13,029,325 2.695 May 30, 2012 19,497,204 2.408 August 27, 2012 7,709,454 2.360 December 28, 2012 2,567,121 2.396 June 10, 2013 2,355,316 2.830 July 3, 2013* 2,242,628 3.073 July 31, 2013* 4,026,582 3.214 83,057,965 Principal paid through June 30, 2015 (17,801,279 ) Loan balance at June 30, 2015 $ 65,256,686 * - Individual tranches have been fully extinguished. SAIC Constructors LLC Prudential Capital Group Auto Loans Based upon the terms of the notes payable and expected conditions that may impact some of those terms, the total estimated annual principal payments were calculated as follows: For the Year Ended Principal June30, Payments 2016 $ 4,389,840 2017 4,378,613 2018 4,274,710 2019 3,965,659 2020 4,012,900 Thereafter 75,669,334 $ 96,691,056

COMMON STOCK

COMMON STOCK	6 Months Ended
	Jun. 30, 2015
COMMON STOCK [Text Block]	NOTE 7 – COMMON STOCK On May 21, 2012, the Company entered into a purchase agreement with Lincoln Park Capital Fund, LLC (“LPC”), pursuant to which the Company has the right to sell to LPC up to $10,750,000 in shares of the Company’s common stock, subject to certain limitations and conditions set forth in the Purchase Agreement and imposed by the Company’s Board of Directors and pricing committee. On December 21, 2012, the Company and LPC entered into an Amendment to the Purchase Agreement to reduce the total amount that could be purchased, including the amounts already purchased, from $10,750,000 to $6,500,000. As of May 21, 2015, the Company had sold LPC an aggregate of 4,625,506 shares of common stock for net proceeds of approximately$1,343,639 (net of $86,911 broker fees). The Purchase Agreement was allowed to expire on May 21, 2015.

STOCK BASED COMPENSATION

STOCK BASED COMPENSATION	6 Months Ended
	Jun. 30, 2015
STOCK BASED COMPENSATION [Text Block]	NOTE 8 - STOCK BASED COMPENSATION The Company has a stock incentive plan (the “Stock Incentive Plan”) for the purpose of attracting and motivating directors, officers, employees and consultants of the Company and advancing the interests of the Company. The Stock Incentive Plan is a 15% rolling plan approved by shareholders in September 2013, whereby the Company can grant options to the extent of 15% of the current outstanding common shares. Under the plan, all forfeited and exercised options can be replaced with new offerings. As of June 30, 2015, the Company can issue stock option grants totaling up to 16,138,714 shares. Options are typically granted for a term of up to five years from the date of grant. Stock options granted generally vest over a period of eighteen months, with 25% vesting on the date of grant and 25% vesting every six months thereafter. The Company recognizes compensation expense using the straight-line method of amortization. Historically, the Company has issued new shares to satisfy exercises of stock options and the Company expects to issue new shares to satisfy any future exercises of stock options. The following table reflects the summary of stock options outstanding at December 31, 2014 and changes for the six months ended June 30, 2015: Weighted Weighted Average Average Number of Exercise Remaining Aggregate shares under Price Per Contract Intrinsic options Share Term Value Balance outstanding, December 31, 2014 11,808,500 $ 0.62 3.52 $ 4,264,270 Forfeited/Expired (450,000 ) 0.84 0.61 (240,180 ) Exercised (145,000 ) 0.31 2.15 (7,533 ) Granted 2,510,000 0.49 4.89 536,207 Balance outstanding, June 30, 2015 13,723,500 $ 0.61 3.26 $ 4,552,764 The fair value of each option award is estimated on the date of grant using the Black-Scholes-Merton option-pricing model using the assumptions noted in the following table. Expected volatilities are based on historical volatility of the Company’s stock. The Company uses historical data to estimate option volatility within the Black-Scholes-Merton model. The expected term of options granted represents the period of time that options granted are expected to be outstanding, based upon past experience and future estimates and includes data from the Plan. The risk-free rate for periods within the expected term of the option is based upon the U.S. Treasury yield curve in effect at the time of grant. The Company currently does not foresee the payment of dividends in the near term. The fair value of the stock options granted was estimated using the Black-Scholes-Merton option-pricing model and is amortized over the vesting period of the underlying options. The assumptions used to calculate the fair value are as follows: For the Six Months For the Year Ended June 30, Ended December 2015 31, 2014 Dividend yield 0 0 Expected volatility 65% 81-100% Risk free interest rate 0.58% 0.69-0.82% Expected life (years) 3.26 2.94 Changes in the subjective input assumptions can materially affect the fair value estimate and, therefore, the existing models do not necessarily provide a reliable measure of the fair value of the Company’s stock options. On May 15, 2015, the Company awarded 2,060,000 stock options at an exercise price of $0.48 expiring on May 15, 2020 to its employees and directors. On June 26, 2015, the Company awarded 450,000 stock options at an exercise price of $0.53 expiring on June 26, 2020 an employee of the Company. As of June 30, 2015, there was $437,329 of total unrecognized compensation cost related to nonvested share-based compensation arrangements granted under the Plan. That cost is expected to be recognized over the next 1.5 years. Stock Compensation Plan (Restricted Shares ) Restricted shares are issued to the recipients when granted and held by the Company until vested. The recipients meet the vesting requirements by maintaining employment and good standing with the Company through the vesting period. After vesting, there are no restrictions on the shares. On June 26, 2015, the Company issued 193,396 shares of Company stock at a price of $0.53 that fully vest on June 26, 2016 to an employee of the Company. The total fair value is $102,500 and the recognized amount through June 30, 2015 was $1,385. On May 15, 2015, the Company issued 235,000 shares of Company stock at a price of $0.48 that fully vest on May 15, 2016 to its employees and directors. The total fair value is $112,800 and the recognized amount through June 30, 2015 was $14,216. On April 2, 2014, the Company issued 559,122 shares of Company stock at a price of $0.74 that fully vested on April 2, 2015 to its employees and directors. The total fair value of the restricted shares at the grant date was $413,750 and was fully recognized within operations as of June 30, 2015. Stock Purchase Warrants At June 30, 2015, the outstanding broker warrants and share purchase warrants consisted of the following: Broker Warrant Share Warrant Broker Exercise Purchase Exercise Expiration Date Warrants Price Warrants Price September 16, 2015 246,285 $ 1.25 4,104,757 $ 1.25 May 23, 2017 255,721 0.44 - - December 21, 2017 - - 3,310,812 0.50

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	6 Months Ended
	Jun. 30, 2015
FAIR VALUE MEASUREMENT [Text Block]	NOTE 9 – FAIR VALUE MEASUREMENT Current U.S. generally accepted accounting principles establishes a fair value hierarchy that prioritizes the inputs used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement). The three levels of the fair value hierarchy are as follows: Level 1 – Quoted prices are available in active markets for identical assets or liabilities. Level 2 – Directly or indirectly market based inputs or observable inputs used in models or other valuation methodologies. Level 3 – Unobservable inputs that are no corroborated by market data. The inputs require significant management judgement or estimation. The following table discloses by level within the fair value hierarchy the Company’s assets and liabilities measured and reported on its Consolidated Balance Sheet as at fair value on a recurring basis: At June 30, 2015: Total Level 1 Level 2 Level 3 Assets: Money market accounts * $ 31,566,956 $ 31,566,956 $ - $ - At December 31, 2014: Total Level 1 Level 2 Level 3 Assets: Money market accounts * $ 30,515,067 $ 30,515,067 $ - $ - * - Money market accounts include both restricted and unrestricted funds.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2015
COMMITMENTS AND CONTINGENCIES [Text Block]	NOTE 10 - COMMITMENTS AND CONTINGENCIES Operating Lease Agreements The Company has entered into several lease agreements with terms expiring up to December 1, 2034 for geothermal properties in Neal Hot Springs, Oregon; Washoe County, Nevada; Eureka County, Nevada; The Geysers, California; Raft River, Idaho and the Republic of Guatemala. The Company incurred total lease expenses for the six months ended June 30, 2015 and 2014, of $289,536 and $277,114 ; respectively. The following is the total contracted lease operating obligations (operating leases, BLM lease agreements and office leases) for the next five years and thereafter: Years Ending December 31, Amount 2015 $ 449,790 2016 930,463 2017 900,124 2018 865,753 2019 742,547 Thereafter 13,273,471

JOINT VENTURES_NON-CONTROLLING

JOINT VENTURES/NON-CONTROLLING INTERESTS	6 Months Ended
	Jun. 30, 2015
JOINT VENTURES/NON-CONTROLLING INTERESTS [Text Block]	NOTE 11 – JOINT VENTURES/NON-CONTROLLING INTERESTS Non-controlling interests included on the consolidated balance sheets of the Company are detailed as follows: June 30, December 31, 2015 2014 Gerlach Geothermal LLC interest held by Gerlach Green Energy, LLC $ 215,399 $ 230,539 Oregon USG Holdings LLC interest held by Enbridge Inc. 24,327,862 24,818,443 Raft River Energy I LLC interest held by Raft River I Holdings, LLC 20,441,892 21,348,110 $ 44,985,153 $ 46,397,092 Gerlach Geothermal LLC The consolidated financial statements reflect 100% of the assets and liabilities of Gerlach, and report the current non-controlling interest of GGE. The full results of Gerlach’s operations are reflected in the statement of comprehensive income (loss) with the elimination of the non-controlling interest identified. Oregon USG Holdings LLC The consolidated financial statements reflect 100% of the assets and liabilities of Oregon Holdings and USG Oregon LLC, and report the current non-controlling interest of Enbridge. The full results of Oregon Holdings and USG Oregon LLC’s operations are reflected in the statement of operations with the elimination of the non-controlling interest identified. Raft River Energy I LLC (“RREI”) The consolidated financial statements reflect 100% of the assets and liabilities of RREI, and report the current non-controlling interest of Raft River I Holdings LLC. The full results of Raft River Energy I LLC’s operations are reflected in the statement of comprehensive income (loss) with the elimination of the non-controlling interest identified. Effective May 17, 2011, a repair services agreement (“RSA”) was executed between RREI and U.S. Geothermal Services, LLC for the purpose of funding repairs of two underperforming wells. The agreement defined terms of the RSA repair costs and RSA repair management fees that would be funded by the loan. The outstanding loan balance will accrue interest at 12.0% per annum. The RSA payments will be made preferentially from project cash flow at a rate of 90% of increased cash created by the repairs and cash availability on a quarterly basis. The repairs were completed in January 2012. During the six months ended June 30, 2015 and the year ended December 31, 2014, RREI made principal payments on the loan of $0 and $1,012,613 ; respectively. The balance of the loan, excluding accrued interest, at June 30, 2015 and December 31, 2014 was $368,249. The loan balance and related interest effects are fully eliminated during the consolidation process.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2015
SUBSEQUENT EVENTS [Text Block]	NOTE 12 – SUBSEQUENT EVENTS The Company has evaluated events and transactions that have occurred after the balance sheet date through August 11, 2015, which is considered to be the issuance date. The following events were identified for disclosure: Turbine Air Systems, Ltd Settlement Agreement Stock Repurchase Program and Other Strategic Alternatives

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Cash and Cash Equivalents [Policy Text Block]	Cash and Cash Equivalents The Company considers all unrestricted cash, short-term deposits, and other investments with original maturities of no more than ninety days when acquired to be cash and cash equivalents.
Trade Accounts Receivable Allowance for Doubtful Accounts [Policy Text Block]	Trade Accounts Receivable Allowance for Doubtful Accounts Management estimates the amount of trade accounts receivable that may not be collectible and records an allowance for doubtful accounts. The allowance is an estimate based upon aging of receivable balances, historical collection experience, and the periodic credit evaluations of our customers’ financial condition. Receivable balances are written off when we determine that the balance is uncollectible. As of June 30, 2015 and December 31, 2014, there were no balances that were over 90 days past due and no balance in allowance for doubtful accounts was recognized.
Concentration of Credit Risk [Policy Text Block]	Concentration of Credit Risk The Company’s cash and cash equivalents, including restricted cash, consisted of commercial bank deposits, money market accounts, and petty cash. Cash deposits are held in commercial banks in Boise, Idaho and Portland, Oregon. Deposits are guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000 per legal entity. At June 30, 2015, the Company’s total cash balance, excluding money market funds, was $3,239,424 and bank deposits amounted to $3,604,803. The primary difference was due to outstanding checks and deposits. Of the bank deposits, $1,957,685 was not covered by or was in excess of FDIC insurance guaranteed limits. At June 30, 2015, the Company’s money market funds invested, primarily, in government backed securities totaled $31,566,956 and were not subject to deposit insurance.
Property, Plant and Equipment [Policy Text Block]	Property, Plant and Equipment Property, plant and equipment, including assets under capital lease, are recorded at historical cost. Costs of acquisition of geothermal properties are capitalized in the period of acquisition. Major improvements that significantly increase the useful lives and/or capabilities of the assets are capitalized. A primary factor in determining whether to capitalize construction type costs is the stage of the potential project’s development. Once a project is determined to be commercially viable, all costs directly associated with the development and construction of the project are capitalized. Until that time, all development costs are expensed. A commercially viable project will have, among other factors, a reservoir discovery well or other significant geothermal surface anomaly, a power transmission path that is identified and available, and an electricity off-taker identified. A valid reservoir discovery is generally defined when a test well has been substantially completed that indicates the presence of a geothermal reservoir that has a high probability of possessing the necessary temperatures, permeability, and flow rates. After a valid discovery has been made, the project enters the development stage. Generally, all costs incurred during the development stage are capitalized and tracked on an individual project basis. If a geothermal project is abandoned, the associated costs that have been capitalized are charged to expense in the year of abandonment. Expenditures for repairs and maintenance are charged to expense as incurred. Interest costs incurred during the construction period of defined major projects from debt that is specifically incurred for those projects are capitalized. Funds received from grants associated with capital projects reduce the cost of the asset directly associated with the individual grants. The offset of the cost of the asset associated with grant proceeds is recorded in the period when the requirements of the grant are substantially complete and the amount can be reasonably estimated. Direct labor costs, incurred for specific major projects expected to have long-term benefits will be capitalized. Direct labor costs subject to capitalization include employee salaries, as well as, related payroll taxes and benefits. With respect to the allocation of salaries to projects, salaries are allocated based on the percentage of hours that our key managers, engineers and scientists work on each project and are invoiced to the project each month. These individuals track their time worked at each project. Major projects are, generally, defined as projects expected to exceed $500,000. Direct labor includes all of the time incurred by employees directly involved with construction and development activities. General and/or indirect management time and time spent evaluating the feasibility of potential projects is expensed when incurred. Employee training time is expensed when incurred. Depreciation is calculated on a straight-line basis over the estimated useful life of the asset. Where appropriate, terms of property rights and revenue contracts can influence the determination of estimated useful lives. Estimated useful lives in years by major asset categories are summarized as follows: Estimated Useful Asset Categories Lives in Years Furniture, vehicle and other equipment 3 to 5 Power plant, buildings and improvements 3 to 30 Wells 30 Well pumps and components 5 to 15 Pipelines 30 Transmission lines 30
Stock Compensation [Policy Text Block]	Stock Compensation The Company accounts for stock based compensation by recording the estimated fair value of stock-based awards granted as compensation expense over the vesting period, net of estimated forfeitures. The fair value of restricted stock awards is determined based on the number of shares granted and the quoted price of the Company’s common stock on the date of grant. The fair value of stock option awards is estimated at the grant date as calculated by the Black-Scholes-Merton option pricing model. Stock-based compensation expense is attributed to earnings for stock options and restricted stock on the straight-line method. The Company estimates forfeitures of stock-based awards based on historical experience and expected future activity.
Earnings Per Share [Policy Text Block]	Earnings Per Share Basic income or loss per share is computed using the weighted average number of common shares outstanding during the period, and excludes any dilutive effects of common stock equivalent shares, such as options and restricted stock awards. Restricted stock awards (“RSAs”) are considered outstanding and included in the computation of basic income or loss per share when underlying restrictions expire and the awards are no longer forfeitable. Diluted income per share is computed using the weighted average number of common shares outstanding and common stock equivalent shares outstanding during the period using the treasury stock method. Common stock equivalent shares are excluded from the computation if their effect is anti-dilutive. In a period where we are in a net loss position, the diluted loss per share is computed using the basic share count. Common stock equivalents not used in the diluted share calculations are as follows: For the Six Months Ended June 30, 2015 2014 Stock Options 6,783,500 5,656,250 Broker Warrants 7,661,854 4,351,042 Totals 14,445,354 10,007,292 Losses were reported in the three months ended June 30, 2015 and 2014; therefore, the basic share counts were used for the calculations.
Foreign Currency Translation [Policy Text Block]	Foreign Currency Translation The Company’s functional currency is the U.S. dollar. Monetary items are converted into U.S. dollars at the rate prevailing at the consolidated balance sheet date. Resulting gains and losses are included in determining net income (loss) for the period in which exchange rates change.
Revenue [Policy Text Block]	Revenue Revenue Recognition Energy Sales Renewable Energy Credits (“RECs”) Revenue Source All of the Company’s operating revenues (energy sales and renewable energy credit sales) originate from energy production from its interests in geothermal power plants located in the states of Idaho, Oregon and Nevada.
Recent Accounting Pronouncements [Policy Text Block]	Recent Accounting Pronouncements Management has considered all recent accounting pronouncements. The following pronouncements were deemed applicable to our financial statements: Consolidation Amendments to the Consolidation Analysis, Consolidation (Topic 810). Presentation of Debt Issuance Costs Simplifying the Presentation of Debt Issuance Costs, Interest-Imputation of Interest (Subtopic 835-30).

SUMMARY OF SIGNIFICANT ACCOUN20

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2015
Schedule of Property, Plant and Equipment, Estimated Useful Lives [Table Text Block]	Estimated Useful Asset Categories Lives in Years Furniture, vehicle and other equipment 3 to 5 Power plant, buildings and improvements 3 to 30 Wells 30 Well pumps and components 5 to 15 Pipelines 30 Transmission lines 30
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	For the Six Months Ended June 30, 2015 2014 Stock Options 6,783,500 5,656,250 Broker Warrants 7,661,854 4,351,042 Totals 14,445,354 10,007,292

RESTRICTED CASH AND BOND RESE21

RESTRICTED CASH AND BOND RESERVES (Tables)	6 Months Ended
	Jun. 30, 2015
Schedule of Current restricted cash and bond reserves [Table Text Block]	June 30, December 31, Restricting Entities/Purpose 2015 2014 Idaho Department of Water Resources, Geothermal Well Bond $ 260,000 $ 260,000 Bureau of Land Management, Geothermal Lease Bond- Gerlach 10,000 10,000 State of Nevada Division of Minerals, Statewide Drilling Bond 50,000 50,000 Bureau of Land Management, Geothermal Lease Bonds- USG Nevada 150,000 150,000 Oregon Department of Geology and Mineral Industries, Mineral Land and Reclamation Program 400,000 400,000 Prudential Capital Group, Revenue Account 684,394 188,930 Prudential Capital Group, Debt Service Reserves 1,594,955 - Bureau of Land Management , Geothermal Rights Lease Bond 10,000 10,000 U.S. Department of Energy, Debt Service Payment Account 1,700,362 2,151,851 State of California Division of Oil, Gas and Geothermal Resources, Well Cash Bond 100,000 100,000 $ 4,959,711 $ 3,320,781
Schedule of Long-term restricted cash and bond reserves [Table Text Block]	June 30, December 31, Restricting Entities/Purpose 2015 2014 Nevada Energy, PPA Security Bond $ 1,468,898 $ 1,468,898 Prudential Capital Group, Debt Service Reserves - 1,594,605 Prudential Capital Group, Maintenance Reserves 587,268 604,529 Prudential Capital Group, Well Reserves 116,542 212,298 U.S. Department of Energy, Operations Reserves 270,000 270,000 U.S. Department of Energy, Debt Service Reserves 2,550,862 2,582,606 U.S. Department of Energy, Short Term Well Field Reserves 4,506,307 4,505,150 U.S. Department of Energy, Long-Term Well Field Reserves 4,863,166 4,761,927 U.S. Department of Energy, Capital Expenditure Reserves 2,649,062 2,690,083 $ 17,012,105 $ 18,690,096

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	6 Months Ended
	Jun. 30, 2015
Schedule of Property, Plant and Equipment [Table Text Block]	December 31, June 30, 2015 2014 Land $ 3,275,122 $ 3,211,010 Power production plant 162,076,367 162,076,367 Grant proceeds for power plants (52,965,236 ) (52,965,236 ) Wells 67,621,167 67,621,167 Grant proceeds for wells (3,464,555 ) (3,464,555 ) Furniture and equipment 2,048,032 1,796,807 178,590,897 178,275,560 Less: accumulated depreciation (30,179,836 ) (27,068,836 ) 148,411,061 151,206,724 Construction in progress 18,275,472 15,652,722 $ 166,686,533 $ 166,859,446
Schedule of Depreciation Expense [Table Text Block]	June 30, 2015 2014 Three months ended $ 1,561,001 $ 1,344,175 Six months ended 3,111,001 3,097,207
Schedule of Changes in Construction in Progress [Table Text Block]	For the Six Months For the Year Ended June 30, Ended December 2015 31, 2014 Beginning balances $ 15,652,722 $ 6,354,503 Development/construction 2,622,750 3,730,371 Grant reimbursements and rebates - (632,210 ) Acquisitions - 6,200,058 Ending balances $ 18,275,472 $ 15,652,722
Schedule of Changes in Construction in Progress, by Project [Table Text Block]	June 30, December 31, 2015 2014 Raft River, Idaho: Unit I, well improvements $ 104,960 $ - Unit II, power plant, substation and transmission lines 750,493 750,493 Unit II, well construction 2,130,907 2,127,547 2,986,360 2,878,040 San Emidio, Nevada: Unit II, power plant, substation and transmission lines 423,536 383,536 Unit II, well construction 3,243,237 3,133,873 3,666,773 3,517,409 Neal Hot Springs, Oregon: Power plant and facilities 12,853 6,477 Well construction 66,161 - 79,014 6,477 WGP Geysers, California: Power plant and facilities 319,989 319,988 Well construction 7,301,552 6,139,421 7,621,541 6,459,409 Crescent Valley, Nevada: Well construction 1,106,498 133,058 El Ceibillo, Republic of Guatemala: Well construction 2,806,786 2,649,829 Plant and facilities 8,500 8,500 2,815,286 2,658,329 $ 18,275,472 $ 15,652,722

INCOME TAXES (Tables)

INCOME TAXES (Tables)	6 Months Ended
	Jun. 30, 2015
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	For the Six Months Ended June 30, 2015 2014 U.S. Federal statutory rate 34.0% 34.0% Average State and foreign income tax, net of federal tax effect 3.7 3.7 Valuation allowance - (37.7 ) Consolidated tax rate before non-controlling interest 37.7 - Tax effect of non-controlling interests (17.7 ) - Net effective tax rate 20.0% -%

NOTES PAYABLE (Tables)

NOTES PAYABLE (Tables)	6 Months Ended
	Jun. 30, 2015
Investments and Advances to Affiliates [Table Text Block]	Annual Interest Description Amount Rate % Advances by date: August 31, 2011* $ 2,328,422 2.997 September 28, 2011 10,043,467 2.755 October 27, 2011 3,600,026 2.918 December 2, 2011 4,377,079 2.795 December 21, 2011 2,313,322 2.608 January 25, 2012 8,968,019 2.772 April 26, 2012 13,029,325 2.695 May 30, 2012 19,497,204 2.408 August 27, 2012 7,709,454 2.360 December 28, 2012 2,567,121 2.396 June 10, 2013 2,355,316 2.830 July 3, 2013* 2,242,628 3.073 July 31, 2013* 4,026,582 3.214 83,057,965 Principal paid through June 30, 2015 (17,801,279 ) Loan balance at June 30, 2015 $ 65,256,686
Schedule of Annual Principal Payments Construction in Progress [Table Text Block]	For the Year Ended Principal June30, Payments 2016 $ 4,389,840 2017 4,378,613 2018 4,274,710 2019 3,965,659 2020 4,012,900 Thereafter 75,669,334 $ 96,691,056

STOCK BASED COMPENSATION (Table

STOCK BASED COMPENSATION (Tables)	6 Months Ended
	Jun. 30, 2015
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	Weighted Weighted Average Average Number of Exercise Remaining Aggregate shares under Price Per Contract Intrinsic options Share Term Value Balance outstanding, December 31, 2014 11,808,500 $ 0.62 3.52 $ 4,264,270 Forfeited/Expired (450,000 ) 0.84 0.61 (240,180 ) Exercised (145,000 ) 0.31 2.15 (7,533 ) Granted 2,510,000 0.49 4.89 536,207 Balance outstanding, June 30, 2015 13,723,500 $ 0.61 3.26 $ 4,552,764
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	For the Six Months For the Year Ended June 30, Ended December 2015 31, 2014 Dividend yield 0 0 Expected volatility 65% 81-100% Risk free interest rate 0.58% 0.69-0.82% Expected life (years) 3.26 2.94
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]	Broker Warrant Share Warrant Broker Exercise Purchase Exercise Expiration Date Warrants Price Warrants Price September 16, 2015 246,285 $ 1.25 4,104,757 $ 1.25 May 23, 2017 255,721 0.44 - - December 21, 2017 - - 3,310,812 0.50

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Schedule of Fair Value, by Balance Sheet Grouping [Table Text Block]	Total Level 1 Level 2 Level 3 Assets: Money market accounts * $ 31,566,956 $ 31,566,956 $ - $ -	Total Level 1 Level 2 Level 3 Assets: Money market accounts * $ 30,515,067 $ 30,515,067 $ - $ -

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	6 Months Ended
	Jun. 30, 2015
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Years Ending December 31, Amount 2015 $ 449,790 2016 930,463 2017 900,124 2018 865,753 2019 742,547 Thereafter 13,273,471

JOINT VENTURES_NON-CONTROLLIN28

JOINT VENTURES/NON-CONTROLLING INTERESTS (Tables)	6 Months Ended
	Jun. 30, 2015
Schedule of Non-controlling Interests [Table Text Block]	June 30, December 31, 2015 2014 Gerlach Geothermal LLC interest held by Gerlach Green Energy, LLC $ 215,399 $ 230,539 Oregon USG Holdings LLC interest held by Enbridge Inc. 24,327,862 24,818,443 Raft River Energy I LLC interest held by Raft River I Holdings, LLC 20,441,892 21,348,110 $ 44,985,153 $ 46,397,092

ORGANIZATION AND DESCRIPTION 29

ORGANIZATION AND DESCRIPTION OF BUSINESS (Narrative) (Details)	6 Months Ended
	Jun. 30, 2015
Organization And Description Of Business 1	50.00%
Organization And Description Of Business 2	100.00%
Organization And Description Of Business 3	100.00%

SUMMARY OF SIGNIFICANT ACCOUN30

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) - 6 months ended Jun. 30, 2015	USD ($)d
Summary Of Significant Accounting Policies 1 | d	90
Summary Of Significant Accounting Policies 2	$ 250,000
Summary Of Significant Accounting Policies 3	3,239,424
Summary Of Significant Accounting Policies 4	3,604,803
Summary Of Significant Accounting Policies 5	1,957,685
Summary Of Significant Accounting Policies 6	31,566,956
Summary Of Significant Accounting Policies 7	$ 500,000

PROPERTY, PLANT AND EQUIPMENT31

PROPERTY, PLANT AND EQUIPMENT (Narrative) (Details) - 6 months ended Jun. 30, 2015	USD ($)a
Property, Plant And Equipment 1	$ 1,111,000
Property, Plant And Equipment 2	311,000
Property, Plant And Equipment 3	$ 735,000
Property, Plant And Equipment 4 | a	160
Property, Plant And Equipment 5	$ 65,000

INCOME TAXES (Narrative) (Detai

INCOME TAXES (Narrative) (Details)	6 Months Ended
	Jun. 30, 2015
Income Taxes 1	20.00%
Income Taxes 2	34.00%

NOTES PAYABLE (Narrative) (Deta

NOTES PAYABLE (Narrative) (Details) - 6 months ended Jun. 30, 2015	USD ($)yrMW
Notes Payable 1	$ 96,800,000
Notes Payable 2	13
Notes Payable 3 | yr	21.5
Notes Payable 4	2.598%
Notes Payable 5	$ 1,709,963
Notes Payable 6	1,626,251
Notes Payable 7	65,256,686
Notes Payable 8	$ 3,419,927
Notes Payable 9 | MW	10
Notes Payable 10	$ 2,000,000
Notes Payable 11	$ 119,382
Notes Payable 12	7.00%
Notes Payable 13	$ 1,295,158
Notes Payable 14	$ 400,609
Notes Payable 15 | yr	24
Notes Payable 16	6.75%
Notes Payable 17	$ 30,075,661
Notes Payable 18	558,999
Notes Payable 19	47,000
Notes Payable 20	$ 1,257
Notes Payable 21	7.90%
Notes Payable 22	$ 63,551
Notes Payable 23	$ 10,305

COMMON STOCK (Narrative) (Detai

COMMON STOCK (Narrative) (Details) - 6 months ended Jun. 30, 2015 - USD ($)	Total
Common Stock 1	$ 10,750,000
Common Stock 2	10,750,000
Common Stock 3	$ 6,500,000
Common Stock 4	4,625,506
Common Stock 5	$ 1,343,639
Common Stock 6	$ 86,911

STOCK BASED COMPENSATION (Narra

STOCK BASED COMPENSATION (Narrative) (Details) - 6 months ended Jun. 30, 2015	USD ($)yrshares
Stock Based Compensation 1	15.00%
Stock Based Compensation 2	15.00%
Stock Based Compensation 3 | shares	16,138,714
Stock Based Compensation 4	25.00%
Stock Based Compensation 5	25.00%
Stock Based Compensation 6 | shares	2,060,000
Stock Based Compensation 7	$ 0.48
Stock Based Compensation 8 | shares	450,000
Stock Based Compensation 9	$ 0.53
Stock Based Compensation 10	$ 437,329
Stock Based Compensation 11 | yr	1.5
Stock Based Compensation 12 | shares	193,396
Stock Based Compensation 13	$ 0.53
Stock Based Compensation 14	102,500
Stock Based Compensation 15	$ 1,385
Stock Based Compensation 16 | shares	235,000
Stock Based Compensation 17	$ 0.48
Stock Based Compensation 18	112,800
Stock Based Compensation 19	$ 14,216
Stock Based Compensation 20 | shares	559,122
Stock Based Compensation 21	$ 0.74
Stock Based Compensation 22	$ 413,750

COMMITMENTS AND CONTINGENCIES36

COMMITMENTS AND CONTINGENCIES (Narrative) (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Commitments And Contingencies 1	$ 289,536
Commitments And Contingencies 2	$ 277,114

JOINT VENTURES_NON-CONTROLLIN37

JOINT VENTURES/NON-CONTROLLING INTERESTS (Narrative) (Details) - 6 months ended Jun. 30, 2015	USD ($)yr
Joint Ventures/non-controlling Interests 1	60.00%
Joint Ventures/non-controlling Interests 2	40.00%
Joint Ventures/non-controlling Interests 3	40.00%
Joint Ventures/non-controlling Interests 4	10.00%
Joint Ventures/non-controlling Interests 5	10.00%
Joint Ventures/non-controlling Interests 6	$ 757,190
Joint Ventures/non-controlling Interests 7	300,000
Joint Ventures/non-controlling Interests 8	704,460
Joint Ventures/non-controlling Interests 9	11,040
Joint Ventures/non-controlling Interests 10	7,360
Joint Ventures/non-controlling Interests 11	$ 400,000
Joint Ventures/non-controlling Interests 12	32.65%
Joint Ventures/non-controlling Interests 13	67.35%
Joint Ventures/non-controlling Interests 14	$ 6,000
Joint Ventures/non-controlling Interests 15	32.56%
Joint Ventures/non-controlling Interests 16	67.44%
Joint Ventures/non-controlling Interests 17	100.00%
Joint Ventures/non-controlling Interests 18	40.00%
Joint Ventures/non-controlling Interests 19	60.00%
Joint Ventures/non-controlling Interests 20	100.00%
Joint Ventures/non-controlling Interests 21	$ 32,801,000
Joint Ventures/non-controlling Interests 22	3,153,986
Joint Ventures/non-controlling Interests 23	$ 2,102,657
Joint Ventures/non-controlling Interests 24	100.00%
Joint Ventures/non-controlling Interests 25	$ 17,900,000
Joint Ventures/non-controlling Interests 26	$ 34,100,000
Joint Ventures/non-controlling Interests 27	99.00%
Joint Ventures/non-controlling Interests 28	1.00%
Joint Ventures/non-controlling Interests 29 | yr	10
Joint Ventures/non-controlling Interests 30	100.00%
Joint Ventures/non-controlling Interests 31	12.00%
Joint Ventures/non-controlling Interests 32	90.00%
Joint Ventures/non-controlling Interests 33	$ 0
Joint Ventures/non-controlling Interests 34	1,012,613
Joint Ventures/non-controlling Interests 35	$ 368,249

SUBSEQUENT EVENTS (Narrative) (

SUBSEQUENT EVENTS (Narrative) (Details) - 6 months ended Jun. 30, 2015	USD ($)
Subsequent Events 1	100
Subsequent Events 2	$ 329,100
Subsequent Events 3	68,600
Subsequent Events 4	260,500
Subsequent Events 5	329,100
Subsequent Events 6	$ 2,000,000

Schedule of Property, Plant and

Schedule of Property, Plant and Equipment, Estimated Useful Lives (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Summary Of Significant Accounting Policies Schedule Of Property, Plant And Equipment, Estimated Useful Lives 1	$ 3
Summary Of Significant Accounting Policies Schedule Of Property, Plant And Equipment, Estimated Useful Lives 2	5
Summary Of Significant Accounting Policies Schedule Of Property, Plant And Equipment, Estimated Useful Lives 3	3
Summary Of Significant Accounting Policies Schedule Of Property, Plant And Equipment, Estimated Useful Lives 4	30
Summary Of Significant Accounting Policies Schedule Of Property, Plant And Equipment, Estimated Useful Lives 5	30
Summary Of Significant Accounting Policies Schedule Of Property, Plant And Equipment, Estimated Useful Lives 6	5
Summary Of Significant Accounting Policies Schedule Of Property, Plant And Equipment, Estimated Useful Lives 7	15
Summary Of Significant Accounting Policies Schedule Of Property, Plant And Equipment, Estimated Useful Lives 8	30
Summary Of Significant Accounting Policies Schedule Of Property, Plant And Equipment, Estimated Useful Lives 9	$ 30

Schedule of Antidilutive Securi

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Summary Of Significant Accounting Policies Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share 1	$ 6,783,500
Summary Of Significant Accounting Policies Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share 2	5,656,250
Summary Of Significant Accounting Policies Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share 3	7,661,854
Summary Of Significant Accounting Policies Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share 4	4,351,042
Summary Of Significant Accounting Policies Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share 5	14,445,354
Summary Of Significant Accounting Policies Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share 6	$ 10,007,292

Schedule of Current restricted

Schedule of Current restricted cash and bond reserves (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Restricted Cash And Bond Reserves Schedule Of Current Restricted Cash And Bond Reserves 1	$ 260,000
Restricted Cash And Bond Reserves Schedule Of Current Restricted Cash And Bond Reserves 2	260,000
Restricted Cash And Bond Reserves Schedule Of Current Restricted Cash And Bond Reserves 3	10,000
Restricted Cash And Bond Reserves Schedule Of Current Restricted Cash And Bond Reserves 4	10,000
Restricted Cash And Bond Reserves Schedule Of Current Restricted Cash And Bond Reserves 5	50,000
Restricted Cash And Bond Reserves Schedule Of Current Restricted Cash And Bond Reserves 6	50,000
Restricted Cash And Bond Reserves Schedule Of Current Restricted Cash And Bond Reserves 7	150,000
Restricted Cash And Bond Reserves Schedule Of Current Restricted Cash And Bond Reserves 8	150,000
Restricted Cash And Bond Reserves Schedule Of Current Restricted Cash And Bond Reserves 9	400,000
Restricted Cash And Bond Reserves Schedule Of Current Restricted Cash And Bond Reserves 10	400,000
Restricted Cash And Bond Reserves Schedule Of Current Restricted Cash And Bond Reserves 11	684,394
Restricted Cash And Bond Reserves Schedule Of Current Restricted Cash And Bond Reserves 12	188,930
Restricted Cash And Bond Reserves Schedule Of Current Restricted Cash And Bond Reserves 13	1,594,955
Restricted Cash And Bond Reserves Schedule Of Current Restricted Cash And Bond Reserves 14	0
Restricted Cash And Bond Reserves Schedule Of Current Restricted Cash And Bond Reserves 15	10,000
Restricted Cash And Bond Reserves Schedule Of Current Restricted Cash And Bond Reserves 16	10,000
Restricted Cash And Bond Reserves Schedule Of Current Restricted Cash And Bond Reserves 17	1,700,362
Restricted Cash And Bond Reserves Schedule Of Current Restricted Cash And Bond Reserves 18	2,151,851
Restricted Cash And Bond Reserves Schedule Of Current Restricted Cash And Bond Reserves 19	100,000
Restricted Cash And Bond Reserves Schedule Of Current Restricted Cash And Bond Reserves 20	100,000
Restricted Cash And Bond Reserves Schedule Of Current Restricted Cash And Bond Reserves 21	4,959,711
Restricted Cash And Bond Reserves Schedule Of Current Restricted Cash And Bond Reserves 22	$ 3,320,781

Schedule of Long-term restricte

Schedule of Long-term restricted cash and bond reserves (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Restricted Cash And Bond Reserves Schedule Of Long-term Restricted Cash And Bond Reserves 1	$ 1,468,898
Restricted Cash And Bond Reserves Schedule Of Long-term Restricted Cash And Bond Reserves 2	1,468,898
Restricted Cash And Bond Reserves Schedule Of Long-term Restricted Cash And Bond Reserves 3	0
Restricted Cash And Bond Reserves Schedule Of Long-term Restricted Cash And Bond Reserves 4	1,594,605
Restricted Cash And Bond Reserves Schedule Of Long-term Restricted Cash And Bond Reserves 5	587,268
Restricted Cash And Bond Reserves Schedule Of Long-term Restricted Cash And Bond Reserves 6	604,529
Restricted Cash And Bond Reserves Schedule Of Long-term Restricted Cash And Bond Reserves 7	116,542
Restricted Cash And Bond Reserves Schedule Of Long-term Restricted Cash And Bond Reserves 8	212,298
Restricted Cash And Bond Reserves Schedule Of Long-term Restricted Cash And Bond Reserves 9	270,000
Restricted Cash And Bond Reserves Schedule Of Long-term Restricted Cash And Bond Reserves 10	270,000
Restricted Cash And Bond Reserves Schedule Of Long-term Restricted Cash And Bond Reserves 11	2,550,862
Restricted Cash And Bond Reserves Schedule Of Long-term Restricted Cash And Bond Reserves 12	2,582,606
Restricted Cash And Bond Reserves Schedule Of Long-term Restricted Cash And Bond Reserves 13	4,506,307
Restricted Cash And Bond Reserves Schedule Of Long-term Restricted Cash And Bond Reserves 14	4,505,150
Restricted Cash And Bond Reserves Schedule Of Long-term Restricted Cash And Bond Reserves 15	4,863,166
Restricted Cash And Bond Reserves Schedule Of Long-term Restricted Cash And Bond Reserves 16	4,761,927
Restricted Cash And Bond Reserves Schedule Of Long-term Restricted Cash And Bond Reserves 17	2,649,062
Restricted Cash And Bond Reserves Schedule Of Long-term Restricted Cash And Bond Reserves 18	2,690,083
Restricted Cash And Bond Reserves Schedule Of Long-term Restricted Cash And Bond Reserves 19	17,012,105
Restricted Cash And Bond Reserves Schedule Of Long-term Restricted Cash And Bond Reserves 20	$ 18,690,096

Schedule of Property, Plant a43

Schedule of Property, Plant and Equipment (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 1	$ 3,275,122
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 2	3,211,010
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 3	162,076,367
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 4	162,076,367
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 5	(52,965,236)
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 6	(52,965,236)
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 7	67,621,167
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 8	67,621,167
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 9	(3,464,555)
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 10	(3,464,555)
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 11	2,048,032
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 12	1,796,807
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 13	178,590,897
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 14	178,275,560
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 15	(30,179,836)
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 16	(27,068,836)
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 17	148,411,061
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 18	151,206,724
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 19	18,275,472
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 20	15,652,722
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 21	166,686,533
Property, Plant And Equipment Schedule Of Property, Plant And Equipment 22	$ 166,859,446

Schedule of Depreciation Expens

Schedule of Depreciation Expense (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Property, Plant And Equipment Schedule Of Depreciation Expense 1	$ 1,561,001
Property, Plant And Equipment Schedule Of Depreciation Expense 2	1,344,175
Property, Plant And Equipment Schedule Of Depreciation Expense 3	3,111,001
Property, Plant And Equipment Schedule Of Depreciation Expense 4	$ 3,097,207

Schedule of Changes in Construc

Schedule of Changes in Construction in Progress (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Property, Plant And Equipment Schedule Of Changes In Construction In Progress 1	$ 15,652,722
Property, Plant And Equipment Schedule Of Changes In Construction In Progress 2	6,354,503
Property, Plant And Equipment Schedule Of Changes In Construction In Progress 3	2,622,750
Property, Plant And Equipment Schedule Of Changes In Construction In Progress 4	3,730,371
Property, Plant And Equipment Schedule Of Changes In Construction In Progress 5	0
Property, Plant And Equipment Schedule Of Changes In Construction In Progress 6	(632,210)
Property, Plant And Equipment Schedule Of Changes In Construction In Progress 7	0
Property, Plant And Equipment Schedule Of Changes In Construction In Progress 8	6,200,058
Property, Plant And Equipment Schedule Of Changes In Construction In Progress 9	18,275,472
Property, Plant And Equipment Schedule Of Changes In Construction In Progress 10	$ 15,652,722

Schedule of Changes in Constr46

Schedule of Changes in Construction in Progress, by Project (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 1	$ 104,960
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 2	0
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 3	750,493
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 4	750,493
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 5	2,130,907
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 6	2,127,547
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 7	2,986,360
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 8	2,878,040
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 9	423,536
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 10	383,536
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 11	3,243,237
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 12	3,133,873
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 13	3,666,773
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 14	3,517,409
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 15	12,853
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 16	6,477
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 17	66,161
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 18	0
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 19	79,014
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 20	6,477
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 21	319,989
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 22	319,988
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 23	7,301,552
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 24	6,139,421
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 25	7,621,541
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 26	6,459,409
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 27	1,106,498
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 28	133,058
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 29	2,806,786
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 30	2,649,829
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 31	8,500
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 32	8,500
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 33	2,815,286
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 34	2,658,329
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 35	18,275,472
Property, Plant And Equipment Schedule Of Changes In Construction In Progress, By Project 36	$ 15,652,722

Schedule of Effective Income Ta

Schedule of Effective Income Tax Rate Reconciliation (Details) - 6 months ended Jun. 30, 2015 - USD ($)	Total
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 1	34.00%
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 2	34.00%
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 3	3.7
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 4	3.7
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 5	$ 0
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 6	(37.7)
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 7	37.7
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 8	$ 0
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 9	(17.7)
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 10	$ 0
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 11	20.00%
Income Taxes Schedule Of Effective Income Tax Rate Reconciliation 12	0.00%

Investments and Advances to Aff

Investments and Advances to Affiliates (Details) - 6 months ended Jun. 30, 2015	USD ($)
Notes Payable Investments And Advances To Affiliates 1	$ 2,328,422
Notes Payable Investments And Advances To Affiliates 2	2.997
Notes Payable Investments And Advances To Affiliates 3	$ 10,043,467
Notes Payable Investments And Advances To Affiliates 4	2.755
Notes Payable Investments And Advances To Affiliates 5	$ 3,600,026
Notes Payable Investments And Advances To Affiliates 6	2.918
Notes Payable Investments And Advances To Affiliates 7	$ 4,377,079
Notes Payable Investments And Advances To Affiliates 8	2.795
Notes Payable Investments And Advances To Affiliates 9	$ 2,313,322
Notes Payable Investments And Advances To Affiliates 10	2.608
Notes Payable Investments And Advances To Affiliates 11	$ 8,968,019
Notes Payable Investments And Advances To Affiliates 12	2.772
Notes Payable Investments And Advances To Affiliates 13	$ 13,029,325
Notes Payable Investments And Advances To Affiliates 14	2.695
Notes Payable Investments And Advances To Affiliates 15	$ 19,497,204
Notes Payable Investments And Advances To Affiliates 16	2.408
Notes Payable Investments And Advances To Affiliates 17	$ 7,709,454
Notes Payable Investments And Advances To Affiliates 18	2.360
Notes Payable Investments And Advances To Affiliates 19	$ 2,567,121
Notes Payable Investments And Advances To Affiliates 20	2.396
Notes Payable Investments And Advances To Affiliates 21	$ 2,355,316
Notes Payable Investments And Advances To Affiliates 22	2.830
Notes Payable Investments And Advances To Affiliates 23	$ 2,242,628
Notes Payable Investments And Advances To Affiliates 24	3.073
Notes Payable Investments And Advances To Affiliates 25	$ 4,026,582
Notes Payable Investments And Advances To Affiliates 26	3.214
Notes Payable Investments And Advances To Affiliates 27	$ 83,057,965
Notes Payable Investments And Advances To Affiliates 28	(17,801,279)
Notes Payable Investments And Advances To Affiliates 29	$ 65,256,686

Schedule of Annual Principal Pa

Schedule of Annual Principal Payments Construction in Progress (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Notes Payable Schedule Of Annual Principal Payments Construction In Progress 1	$ 4,389,840
Notes Payable Schedule Of Annual Principal Payments Construction In Progress 2	4,378,613
Notes Payable Schedule Of Annual Principal Payments Construction In Progress 3	4,274,710
Notes Payable Schedule Of Annual Principal Payments Construction In Progress 4	3,965,659
Notes Payable Schedule Of Annual Principal Payments Construction In Progress 5	4,012,900
Notes Payable Schedule Of Annual Principal Payments Construction In Progress 6	75,669,334
Notes Payable Schedule Of Annual Principal Payments Construction In Progress 7	$ 96,691,056

Schedule of Share-based Compens

Schedule of Share-based Compensation, Stock Options, Activity (Details) - 6 months ended Jun. 30, 2015	USD ($)
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 1	$ 11,808,500
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 2	0.62
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 3	3.52
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 4	$ 4,264,270
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 5	$ (450,000)
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 6	0.84
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 7	0.61
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 8	$ (240,180)
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 9	$ (145,000)
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 10	0.31
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 11	2.15
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 12	$ (7,533)
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 13	$ 2,510,000
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 14	0.49
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 15	4.89
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 16	$ 536,207
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 17	$ 13,723,500
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 18	0.61
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 19	3.26
Stock Based Compensation Schedule Of Share-based Compensation, Stock Options, Activity 20	$ 4,552,764

Schedule of Share-based Payment

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions (Details) - 6 months ended Jun. 30, 2015 - USD ($)	Total
Stock Based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 1	$ 0
Stock Based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 2	$ 0
Stock Based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 3	65.00%
Stock Based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 4	81.00%
Stock Based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 5	0.58%
Stock Based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 6	0.69%
Stock Based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 7	3.26
Stock Based Compensation Schedule Of Share-based Payment Award, Stock Options, Valuation Assumptions 8	2.94

Schedule of Stockholders' Equit

Schedule of Stockholders' Equity Note, Warrants or Rights (Details) - 6 months ended Jun. 30, 2015	USD ($)
Stock Based Compensation Schedule Of Stockholders' Equity Note, Warrants Or Rights 1	$ 246,285
Stock Based Compensation Schedule Of Stockholders' Equity Note, Warrants Or Rights 2	1.25
Stock Based Compensation Schedule Of Stockholders' Equity Note, Warrants Or Rights 3	$ 4,104,757
Stock Based Compensation Schedule Of Stockholders' Equity Note, Warrants Or Rights 4	1.25
Stock Based Compensation Schedule Of Stockholders' Equity Note, Warrants Or Rights 5	$ 255,721
Stock Based Compensation Schedule Of Stockholders' Equity Note, Warrants Or Rights 6	0.44
Stock Based Compensation Schedule Of Stockholders' Equity Note, Warrants Or Rights 7	$ 0
Stock Based Compensation Schedule Of Stockholders' Equity Note, Warrants Or Rights 8	0
Stock Based Compensation Schedule Of Stockholders' Equity Note, Warrants Or Rights 9	0
Stock Based Compensation Schedule Of Stockholders' Equity Note, Warrants Or Rights 10	0
Stock Based Compensation Schedule Of Stockholders' Equity Note, Warrants Or Rights 11	$ 3,310,812
Stock Based Compensation Schedule Of Stockholders' Equity Note, Warrants Or Rights 12	0.50

Schedule of Fair Value, by Bala

Schedule of Fair Value, by Balance Sheet Grouping (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 1	$ 31,566,956
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 2	31,566,956
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 3	0
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 4	$ 0
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 1		$ 30,515,067
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 2		30,515,067
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 3		0
Fair Value Measurement Schedule Of Fair Value, By Balance Sheet Grouping 4		$ 0

Schedule of Future Minimum Rent

Schedule of Future Minimum Rental Payments for Operating Leases (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Commitments And Contingencies Schedule Of Future Minimum Rental Payments For Operating Leases 1	$ 449,790
Commitments And Contingencies Schedule Of Future Minimum Rental Payments For Operating Leases 2	930,463
Commitments And Contingencies Schedule Of Future Minimum Rental Payments For Operating Leases 3	900,124
Commitments And Contingencies Schedule Of Future Minimum Rental Payments For Operating Leases 4	865,753
Commitments And Contingencies Schedule Of Future Minimum Rental Payments For Operating Leases 5	742,547
Commitments And Contingencies Schedule Of Future Minimum Rental Payments For Operating Leases 6	$ 13,273,471

Schedule of Non-controlling Int

Schedule of Non-controlling Interests (Details)	6 Months Ended
	Jun. 30, 2015USD ($)
Joint Ventures/non-controlling Interests Schedule Of Non-controlling Interests 1	$ 215,399
Joint Ventures/non-controlling Interests Schedule Of Non-controlling Interests 2	230,539
Joint Ventures/non-controlling Interests Schedule Of Non-controlling Interests 3	24,327,862
Joint Ventures/non-controlling Interests Schedule Of Non-controlling Interests 4	24,818,443
Joint Ventures/non-controlling Interests Schedule Of Non-controlling Interests 5	20,441,892
Joint Ventures/non-controlling Interests Schedule Of Non-controlling Interests 6	21,348,110
Joint Ventures/non-controlling Interests Schedule Of Non-controlling Interests 7	44,985,153
Joint Ventures/non-controlling Interests Schedule Of Non-controlling Interests 8	$ 46,397,092