Condensed Financial Statements [Text Block] | NOTE 12. CONDENSED CONSOLIDATED GUARANTOR FINANCIAL STATEMENTS Certain of the Company’s 100% owned subsidiaries, including GreenHunter Water, LLC, GreenHunter Environmental Solutions, LLC, GreenHunter Hydrocarbons, LLC, GreenHunter Pipeline, LLC, Hunter Disposal, LLC, and Hunter Hauling, LLC (collectively, “Guarantor Subsidiaries”), have fully and unconditionally guaranteed the obligations of the Company under any debt securities that it may issue under a universal shelf registration statement on Form S-3, on a joint and several basis. Condensed consolidated guarantor financial information for GreenHunter Resources Corporation, the Guarantor Subsidiaries and the other subsidiaries of the Company (the “Non Guarantor Subsidiaries”) as of June 30, 2015 and December 31, 2014, and for the three and six months ended June 30, 2015 and 2014, was as follows: GreenHunter Resources, Inc. and Subsidiaries Condensed Consolidated Balance Sheets As of June 30, 2015 GreenHunter Resources, Inc. Guarantor Subsidiaries Non Guarantor Subsidiaries Eliminations GreenHunter Resources, Inc. Consolidated ASSETS Current assets $ 2,990,302 $ 4,675,846 $ 584,959 $ - $ 8,251,107 Intercompany accounts receivable 519,315 (13,069,355 ) 12,495,048 54,992 - Property and equipment 2,008,581 22,569,024 2,279,836 (54,9912 ) 26,802,449 Investment in subsidiaries 19,234,243 4,539,391 (4,466,395 ) (19,307,239 ) - Other assets 1,386,651 10,935 - 1,397,586 Total Assets $ 26,139,092 $ 18,725,841 $ 10,893,448 $ (19,307,239 ) $ 36,451,142 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities $ 4,491,704 $ (7,166,094 ) $ 13,427,756 $ 54,992 $ 10,808,358 Intercompany accounts payable (519,315 ) 13,069,355 (12,495,048 ) (54,992 ) - Long-term liabilities 13,783,648 2,916,948 559,133 - 17,259,729 Stockholders' equity 8,383,055 9,905,632 9,401,607 (19,307,239 ) 8,383,055 Total Liabilities and Stockholders' Equity $ 26,139,092 $ 18,725,841 $ 10,893,448 $ (19,307,239 ) $ 36,451,142 As of December 31, 2014 GreenHunter Resources, Inc. Guarantor Subsidiaries Non Guarantor Subsidiaries Eliminations GreenHunter Resources, Inc. Consolidated ASSETS Current assets $ 982,029 $ 5,845,243 $ 506,153 $ - $ 7,333,425 Intercompany accounts receivable 22,879,067 35,106 (22,914,173 ) - - Property and equipment 2,051,636 20,121,388 4,466,618 460,637 27,100,279 Investment in subsidiaries (7,401,968 ) (2,562,993 ) 29,732,837 (19,767,876 ) - Other assets 8,217 10,936 - - 19,153 Total Assets $ 18,518,981 $ 23,449,680 $ 11,791,435 $ (19,307,239 ) $ 34,452,857 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities $ 28,588,224 $ 10,161,391 $ (21,195,187 ) $ - $ 17,554,428 Intercompany accounts payable (22,879,067 ) (35,106 ) 22,914,173 - - Long-term liabilities 2,859,545 3,417,763 670,842 - 6,948,150 Stockholders' equity 9,950,279 9,905,632 9,401,607 (19,307,239 ) 9,950,279 Total Liabilities and Stockholders' Equity $ 18,518,981 $ 23,449,680 $ 11,791,435 $ (19,307,239 ) $ 34,452,857 GreenHunter Resources, Inc. and Subsidiaries Condensed Consolidated Statement of Operations For the Three Months Ended June 30, 2015 GreenHunter Resources, Inc. Guarantor Subsidiaries Non Guarantor Subsidiaries Eliminations GreenHunter Resources, Inc. Consolidated Revenues $ - $ 6,179,223 - $ (1,555,045 ) $ 4,624,178 Expenses 2,548,890 5,616,529 21,707 (1,555,045 ) 6,632,081 Income (loss) from continuing operations before equity in net income of subsidiaries (2,548,890 ) 562,694 (102,020 ) - (2,007,903 ) Equity in net income of subsidiaries 460,673 (562,694 ) 102,021 - - Income (loss) from continuing operations before tax (2,088,217 ) - 80,314 - (2,007,903 ) Income tax expense - - - - - Income (Loss) from continuing operations (2,088,217 ) - 80,314 - (2,007,903 ) Loss from discontinued operations, net of tax - - (80,314 ) - (80,314 ) Net loss (2,088,217 ) - - - (2,088,217 ) Dividends on preferred stock (1,234,532 ) - - - (1,234,532 ) Net loss to common stockholders (3,322,749 ) - - - (3,322,749 ) For the Three Months Ended June 30, 2014 GreenHunter Resources, Inc. Guarantor Subsidiaries Non Guarantor Subsidiaries Eliminations GreenHunter Resources, Inc. Consolidated Revenues $ - $ 8,236,312 $ - $ (1,364,000 ) $ 6,872,312 Expenses 3,758,587 7,797,402 25,307 (1,388,784 ) 10,192,512 Income (loss) from continuing operations before equity in net income of subsidiaries (3,758,587 ) 438,910 (25,307 ) 24,784 (3,320,200 ) Equity in net income of subsidiaries 2,867,620 (438,910 ) (2,454,540 ) (24,784 ) Income (loss) from continuing operations before tax (890,967 ) - (2,479,847 ) - (3,320,200 ) Income tax expense - - - - - Income (loss) from continuing operations (890,967 ) - (25,307 ) - (3,320,200 ) Income from discontinued operations, net of tax - - 2,429,233 - 2,429,233 Net income (loss) (890,967 ) - - - (890,967 ) Dividends on preferred stock (1,250,000 ) - - - (1,250,000 ) Net loss to common stockholders $ (2,140,967 ) $ - - $ - $ (2,140,967 ) For the Six Months Ended June 30, 2015 GreenHunter Resources, Inc. Guarantor Subsidiaries Non Guarantor Subsidiaries Eliminations GreenHunter Resources, Inc. Consolidated Revenues $ - $ 12,988,702 $ - $ (3,217,411 ) $ 9,771,291 Expenses 4,113,338 12,195,513 43,282 (3,217,411 ) 13,134,722 Income (loss) from continuing operations before equity in net income of subsidiaries (4,113,338 ) 793,189 (43,282 ) - (3,363,431 ) Equity in net income of subsidiaries 564,181 (793,189 ) 229,008 - - Income (loss) from continuing operations before tax (3,549,157 ) - 185,726 - (3,363,431 ) Income tax expense - - - - - Income (loss) from continuing operations (3,549,157 ) - 185,726 - (3,363,431 ) Loss from discontinued operations, net of tax - - (185,726 ) - (185,726 ) Net loss (3,549,157 ) - (3,549,157 ) Dividends on preferred stock (2,469,062 ) - - - (2,469,062 ) Net loss to common stockholders (6,018,219 ) - - - (6,018,219 ) For the Six Months Ended June 30, 2014 GreenHunter Resources, Inc. Guarantor Subsidiaries Non Guarantor Subsidiaries Eliminations GreenHunter Resources, Inc. Consolidated Revenues $ - $ 19,412,844 - $ (4,061,995 ) $ 15,350,849 Expenses 5,848,338 18,125,687 42,279 (4,086,755 ) 19,929,549 Income (loss) from continuing operations before equity in net income of subsidiaries (5,848,338 ) 1,287,157 (42,279 ) 24,760 (4,578,700 ) Equity in net income of subsidiaries 3,569,177 (1,287,157 ) (2,257,260 ) (24,760 ) - Income (loss) from continuing operations before tax (2,279,161 ) - (2,299,539 ) - (4,578,700 ) Income tax expense - - - - - Income (loss) from continuing operations (2,279,161 ) - (2,299,539 ) - (4,578,700 ) Income (loss) from discontinued operations, net of tax - - 2,299,539 - 2,299,539 Net income (loss) (2,279,161 ) - - - (2,279,161 ) Dividends on preferred stock (2,499,999 ) - - - (2,499,999 ) Net loss to common stockholders $ (4,779,160 ) $ - - $ - $ (4,779,160 ) GreenHunter Resources, Inc. and Subsidiaries Condensed Consolidated Statements of Cash Flows For the Six Months Ended June 30, 2015 GreenHunter Resources, Inc. Guarantor Subsidiaries Non Guarantor Subsidiaries Eliminations GreenHunter Resources, Inc. Consolidated Cash flow from operating activities $ (6,818,065 ) $ 5,927,144 $ (1,415,332 ) $ (515,628 ) $ (2,822,421 ) Cash flow from investing activities (9,286 ) (5,370,411 ) 1,518,138 515,628 (3,345,931 ) Cash flow from financing activities 8,598,425 (690,977 ) (102,806 ) - 7,767,142 CHANGE IN CASH 1,770,534 (134,244 ) - - 1,636,290 CASH 341,654 54,625 - - 396,279 CASH $ 2,112,188 $ (79,619 ) $ - $ - $ 2,032,569 For the Six Months Ended June 30, 2014 GreenHunter Resources, Inc. Guarantor Subsidiaries Non Guarantor Subsidiaries Eliminations GreenHunter Resources, Inc. Consolidated Cash flow from operating activities $ 2,835,863 $ 2,158,104 $ (9,191,126 ) $ 24,784 $ (4,172,375 ) Cash flow from investing activities (122,000 ) (1,087,226 ) 9,483,029 (24,784 ) 8,249,019 Cash flow from financing activities (1,614,035 ) (905,150 ) (337,001 ) - (2,856,186 ) CHANGE IN CASH 1,099,828 165,728 (45,098 ) - 1,220,458 CASH 1,480,942 (223,183 ) 45,098 - 1,302,857 CASH $ 2,580,770 $ (57,455 ) $ - $ - $ 2,523,315 |