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12. Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2011
Quarterly Financial Information Disclosure [Abstract]  
12. Quarterly Financial Data (Unaudited)

 

12. Quarterly Financial Data (Unaudited)

 

The following is a summary of the unaudited quarterly results of operations for the years ended December 31, 2011 and 2010:

 

2011

 

    For the three months ended     For the year ended  
    March 31, 2011     June 30, 2011     September 30, 2011     December 31, 2011     December 31, 2011  
                               
Revenues   $ 738,469     $ 27,253,190     $ 56,571,595     $ 57,294,660     $ 141,857,914  
                                         
Cost of goods sold     787,472       27,567,654       55,789,374       53,071,540       137,216,040  
                                         
Gross profit/(loss)     (49,003 )     (314,464 )     782,221       4,223,120       4,641,874  
                                         
Research and development expenses     32,569       71,400       337,229       135,427       576,625  
Selling, general and administrative expenses     2,103,409       1,989,282       2,212,510       2,265,390       8,570,591  
                                      -  
Operating loss     (2,184,981 )     (2,375,146 )     (1,767,518 )     1,822,303       (4,505,342 )
                                         
Other income/(expense)                                        
Interest income     4,021       2,796       351       16,268       23,436  
Interest expense     (2,103,163 )     (3,649,359 )     (3,785,857 )     (4,022,906 )     (13,561,285 )
Other income, net of expenses     24,031       54,207       4,070       (29,348 )     52,960  
Loss on asset sales     -       (401,407 )     -       -       (401,407 )
Loss before income taxes     (4,260,092 )     (6,368,909 )     (5,548,954 )     (2,213,683 )     (18,391,638 )
                                         
Income taxes benefit/(expense)     (3,200 )     -       98,479       -       95,279  
                                         
Net loss     (4,263,292 )     (6,368,909 )     (5,450,475 )     (2,213,683 )     (18,296,359 )
Less: Net loss attributable to the noncontrolling interest     -       -       -       -  
Net loss attributable to Aemetis, Inc.   $ (4,263,292 )   $ (6,368,909 )   $ (5,450,475 )   $ (2,213,683 )   $ (18,296,359 )
                                         
Other comprehensive loss                                        
Foreign currency translation adjustment     20,286       (16,031 )     (727,992 )     (648,704 )     (1,372,441 )
Comprehensive loss attributable to Aemetis, Inc.   $ (4,243,006 )   $ (6,384,940 )   $ (6,178,467 )   $ (2,862,387 )   $ (19,668,800 )
                                         
Loss per common share attributable to Aemetis, Inc.  
Basic and diluted   $ (0.05 )   $ (0.07 )   $ (0.05 )   $ (0.02 )   $ (0.18 )
Weighted average shares outstanding                                        
Basic and diluted     90,789,254       92,384,340       100,446,788       130,127,853       103,536,643  

  

2010

 

    For the three months ended     For the year ended  
    March 31, 2010   June 30, 2010     September 30, 2010     December 31, 2010     December 31, 2010  
                                         
Revenues   $ 2,236,838     $ 1,805,710     $ 1,592,932     $ 2,496,628     $ 8,132,108  
                                         
Cost of goods sold     2,209,593       1,941,674       1,671,989       2,430,867       8,254,123  
                                         
Gross profit/(loss)     27,245       (135,964 )     (79,057 )     65,761       (122,015 )
                                         
Research and development expenses     144,530       109,847       29,206       38,978       322,561  
Selling, general and administrative expenses     1,009,982       1,101,128       903,680       1,694,954       4,709,744  
                                      -  
Operating loss     (1,127,267 )     (1,346,939 )     (1,011,943 )     (1,668,171 )     (5,154,320 )
                                         
Other income/(expense)                                        
Interest income     180       1,914       147       22,223       24,464  
Interest expense     (909,018 )     (917,037 )     (726,564 )     (1,481,828 )     (4,034,447 )
Other income, net of expenses     27,974       18,810       15,789       540,721       603,294  
Loss before income taxes     (2,008,131 )     (2,243,252 )     (1,722,571 )     (2,587,055 )     (8,561,009 )
                                         
Income taxes benefit/(expense)     (3,200 )     -       -       -       (3,200 )
                                         
Net loss     (2,011,331 )     (2,243,252 )     (1,722,571 )     (2,587,055 )     (8,564,209 )
Less: Net loss attributable to the noncontrolling interest     (70,820 )     (53,825 )     (14,311 )     -       (138,956 )
Net loss attributable to Aemetis, Inc.   $ (1,940,511 )   $ (2,189,427 )   $ (1,708,260 )   $ (2,587,055 )   $ (8,425,253 )
                                         
Other comprehensive loss                                        
Foreign currency translation adjustment     427,800       (309,086 )     33,782       352,965       505,461  
Comprehensive loss     (1,583,531 )     (2,552,338 )     (1,688,789 )     (2,234,090 )     (8,058,748 )
Comprehensive loss attributable to the noncontrolling interest     -       -       -       -       -  
Comprehensive loss attributable to Aemetis, Inc.   $ (1,512,711 )   $ (2,498,513 )   $ (1,674,478 )   $ (2,234,090 )   $ (7,919,792 )
                                         
Loss per common share attributable to Aemetis, Inc.  
Basic and diluted   $ (0.02 )   $ (0.03 )   $ (0.02 )   $ (0.03 )     (0.10 )
Weighted average shares outstanding                                        
Basic and diluted     86,182,765       86,566,702       86,987,032       89,840,728       87,403,213