@bhamby is correct. By leaving the microseconds off of your timestamp value, your query would only match on a usagetime of 2012-09-03 08:03:06.000000
If you don't have the complete timestamp value captured from a previous query, you can specify a ranged predicate that will match on any microsecond value for that time:
...WHERE id = 1 AND usagetime BETWEEN '2012-09-03 08:03:06' AND '2012-09-03 08:03:07'
or
...WHERE id = 1 AND usagetime >= '2012-09-03 08:03:06'
AND usagetime < '2012-09-03 08:03:07'