We construct a binary linear code $C(O(3,q))$, associated with the orthogonal group $O(3,q)$. Here $q$ is a power of two. Then we obtain a recursive formula for the odd power moments of Kloosterman sums with trace one arguments in terms of the frequencies of weights in the codes $C(O(3,q))$ and $C(Sp(2,q))$. This is done via Pless power moment identity and by utilizing the explicit expressions of Gauss sums for the orthogonal groups.