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16. Parent Company Financial Statements (Unaudited) | 12 Months Ended
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Dec. 31, 2011
Notes to Financial Statements |
16. Parent Company Financial Statements (Unaudited) | 16. Parent Company Financial Statements (Unaudited) The following is a summary of the Parent Company financial statements for the years ended December 31, 2011 and 2010: Aemetis, Inc. (Parent Company) Consolidated Condensed Balance Sheets As of December 31, 2011 and 2010
Assets |  | 2011 |  |  | 2010 |
Current assets |  |  |  |  |  |
Cash and cash equivalents |  | $ | 747 |  |  | $ | 17,631 |
Intercompany receivables |  |  | 3,168,587 |  |  |  | - |
Prepaid expenses |  |  | 88,000 |  |  |  | 5,827 |
Total current assets |  |  | 3,257,334 |  |  |  | 23,458 |
Investments in Subsidiaries, net of advances |  |  |  |
Investment in Aemetis International, Inc. |  |  | 5,979,020 |  |  |  | 9,831,430 |
Investment in Aemetis Americas, Inc |  |  | - |  |  |  | 259,473 |
Total investments in Subsidiaries, net of advances |  |  | 5,979,020 |  |  |  | 10,090,903 |
Property, plant and equipment, net |  |  | - |  |  |  | 2,193 |
Other assets |  |  | 23,095 |  |  |  | 23,096 |
Total Assets |  | $ | 9,259,449 |  |  | $ | 10,139,650 |
Liabilities & stockholders' deficit |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |
Accounts payable |  | $ | 3,800,250 |  |  | $ | 3,056,268 |
Mandatorily redeemable Series B convertibe preferred |  |  | 2,320,164 |  |  |  | 2,221,872 |
Secured notes, net of discount for issuance cost |  |  | 1,075,588 |  |  |  | 900,000 |
Interecompany payables |  |  | - |  |  |  | 233,717 |
Other current liabilities |  |  | 1,786,962 |  |  |  | 1,714,229 |
Total current liabilities |  |  | 8,982,964 |  |  |  | 8,126,086 |
Parent Company long term debt portion of secured notes, net of discount for issuance cost |  |  | 6,016,926 |  |  |  | 5,915,056 |
Subsidiary obligation in excess of investment |  |  |  |
Investment in AE Advanced Fuels, Inc. |  |  | 440 |  |  |  | 200 |
Investment in Aemetis Advanced Fuels Keyes, Inc. |  |  | 13,252,571 |  |  |  | 2,699,096 |
Investment in Aemetis Americas, Inc |  |  | 118,252 |  |  |  | - |
Investment in Aemetis Biofuels, Inc. |  |  | 2,567,894 |  |  |  | 2,488,735 |
Investment in Aemetis Technologies, Inc. |  |  | 174,488 |  |  |  | - |
Investment in Biofuels Marketing, Inc. |  |  | 348,996 |  |  |  | 360,185 |
Total subsidiary obligation in excess of investment |  |  | 16,462,641 |  |  |  | 5,548,216 |
Total long term liabilities |  |  | 22,479,567 |  |  |  | 11,463,272 |
Stockholders' deficit |  |  |  |  |  |  |  |
Series B Preferred convertible stock |  |  | 3,115 |  |  |  | 3,165 |
Common stock |  |  | 130,747 |  |  |  | 90,342 |
Additional paid-in capital |  |  | 45,432,447 |  |  |  | 38,557,376 |
Accumulated deficit |  |  | (65,526,029 | ) |  |  | (47,229,670 | )
Accumulated other comprehensive loss |  |  | (2,243,362 | ) |  |  | (870,921 | )
Total stockholders' deficit |  |  | (22,203,082 | ) |  |  | (9,449,708 | )
Total liabilities & stockholders' deficit |  | $ | 9,259,449 |  |  | $ | 10,139,650 |
Aemetis, Inc. (Parent Company) Consolidated Statements of Operations and Comprehensive Loss For the Years Ended December 31, 2011 and 2010
|  |  | 2011 |  |  | 2010 |
Equity in subsidiary earnings (losses) |  | $ | (15,386,811 | ) |  | $ | (4,970,719 | )
Selling, general and administrative expenses |  |  | 1,003,879 |  |  |  | 1,673,873 |
Operating loss |  |  | (16,390,690 | ) |  |  | (6,644,592 | )
Other income/(expense) |  |  |  |  |  |  |  |
| Interest expense |  |  | (1,918,750 | ) |  |  | (1,890,304 | )
| Other income, net of expenses |  |  | 16,281 |  |  |  | 112,843 |
Loss before income taxes |  |  | (18,293,159 | ) |  |  | (8,422,053 | )
| Income taxes benefit/(expense) |  |  | (3,200 | ) |  |  | (3,200 | )
Net loss |  | $ | (18,296,359 | ) |  | $ | (8,425,253 | )
Aemetis, Inc. (Parent Company) Consolidated Statements of Cash Flows For the years ended December 31, 2011 and 2010
|  | 2011 |  |  | 2010 |
Operating activities: |  |  |  |  |  |
Net loss |  | $ | (18,296,359 | ) |  |  | (8,564,209 | )
Adjustments to reconcile net loss to net cash used in operating activities: |  |  |  |  |  |  |  |
Stock-based compensation |  |  | 177,278 |  |  |  | 377,669 |
Depreciation and amortization |  |  | 2,193 |  |  |  | 11,386 |
Amortization of debt issuance discount |  |  | 1,177,413 |  |  |  | 717,466 |
Loss/(gain) on extinguishment of debt |  |  | - |  |  |  | (14,757 | )
Changes in assets and liabilities: |  |  |  |  |  |  |  |
Subsidiary portion of net losses |  |  | 15,386,811 |  |  |  | 5,109,675 |
Prepaid expenses |  |  | 1,160 |  |  |  | (1,380 | )
Other current assets and other assets |  |  | 1 |  |  |  | 15,504 |
Accounts payable |  |  | 743,982 |  |  |  | 1,044,483 |
Accrued interest expense |  |  | 894,475 |  |  |  | 1,350,501 |
Other liabilities |  |  | 72,733 |  |  |  | 209,657 |
Net cash provided in operating activities |  |  | 159,687 |  |  |  | 255,995 |
Investing activities: |  |  |  |  |  |  |  |
Subsidiary advances, net |  |  | 723,429 |  |  |  | 598,801 |
Net cash used in investing activities |  |  | 723,429 |  |  |  | 598,801 |
Financing activities: |  |  |  |  |  |  |  |
Repayments of borrowings under secured debt facilities |  |  | (900,000 | ) |  |  | (850,000 | )
Net cash provided by financing activities |  |  | (900,000 | ) |  |  | (850,000 | )
Net increase (decrease) in cash and cash equivalents |  |  | (16,884 | ) |  |  | 4,796 |
Cash and cash equivalents at beginning of period |  |  | 17,631 |  |  |  | 12,835 |
Cash and cash equivalents at end of period |  | $ | 747 |  |  | $ | 17,631 |

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