BUSINESS SEGMENTS

6 Months Ended

Jun. 30, 2016

BUSINESS SEGMENTS [Text Block]

NOTE 13 – BUSINESS SEGMENTS

The Company has two reportable segments: Operating Plants, and Corporate and Development. These segments are managed and reported separately due to dissimilar economic characteristics. Operating plants are engaged in the sale of electricity from the power plants pursuant to long-tern PPAs. Corporate and development costs are intended to produce additional revenue generating projects. A summary of financial information concerning the Company’s reportable segments is shown in the following table:

		Operating		Corporate &
		Plants		Development			Consolidated
Total Assets:
June 30, 2016	$	181,712,684	$	61,645,741		$	243,358,425
June 30, 2015		186,709,625		44,092,983			230,802,608
For the Six Months Ended June 30, 2016:
Operating Revenues	$	14,000,746	$	-		$	14,000,746
Net Income (Loss)		4,273,228		(3,474,100	)		799,128
For the Three Months Ended June 30, 2016:
Operating Revenues	$	8,503,276	$	-		$	8,503,276
Net Income (Loss)		779,538		(1,168,205	)		(388,667	)
For the Six Months Ended June 30, 2015:
Operating Revenues	$	14,335,041	$	-		$	14,335,041
Net Income (Loss)		4,093,208		(2,878,174	)		1,215,034
For the Three Months Ended June 30, 2015:
Operating Revenues	$	8,473,861	$	-		$	8,473,861
Net Income (Loss)		623,574		(1,171,921	)		(548,347	)