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8. Segment Information
 9 Months Ended
Sep. 30, 2012
Segment Reporting [Abstract]  
8. Segment Information

 

Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker (“CODM”), or decision-making group, in deciding how to allocate resources and in assessing performance.  Currently, the CODM is the Chief Financial Officer.

Aemetis recognized three reportable geographic segments: “India”, “North America” and “Other.”

 The “India” operating segment encompasses the Company’s 50 MGY capacity biodiesel manufacturing plant in Kakinada, the administrative offices in Hyderabad, India, and the holding companies in Nevada and Mauritius.  The Company’s biodiesel is marketed and sold primarily to customers in India through brokers and by the Company directly.

The “North America” operating segment includes the Company’s owned ethanol plant in Keyes, California and its technology lab in College Park, Maryland.  As the Company’s technology gains market acceptance, this business segment will include its domestic commercial application of cellulosic ethanol technology, its plant construction projects and any acquisitions of ethanol or ethanol related technology facilities in North America.

The “Other” segment encompasses the Company’s costs associated with new market development, company-wide fund raising, formation, executive compensation and other corporate expenses.

Summarized financial information by reportable segment for the nine and three month ended September 30, 2012 and September 30, 2011 follow:

  

   

For the three

months ended

September 30, 2012

    

For the three

months ended

September 30, 2011

    

For the nine

months ended

September 30, 2012

    

For the nine

months ended

September 30, 2011

  
                 
Statement of Operations Data                
Revenues                        
India   $ 2,023,165     $ 4,393,737     $ 6,547,971     $ 5,132,313  
North America     51,385,037       52,177,858       135,335,873       79,430,941  
Other     -       -       -       -  
    Total revenues   $ 53,408,202     $ 56,571,595     $ 141,883,844     $ 84,563,254  
                                 
Cost of goods sold                                
India   $ 1,937,563       4,172,298     $ 6,771,935       4,976,761  
North America     53,733,287       51,617,076       141,654,009       79,167,739  
Other     -       -       -       -  
    Total cost of goods sold   $ 55,670,850     $ 55,789,374     $ 148,425,944     $ 84,144,500  
                                 
Gross loss                                
        India   $ 85,602     $ 221,439     $ (223,964 )   $ 155,552  
        North America     (2,348,250 )     560,782       (6,318,136 )     263,202  
        Other     —       —       —       —  
    Total gross loss   $ (2,262,648 )   $ 782,221     $ (6,542,100 )   $ 418,754  

India. During the nine months ended September 30, 2012, Panama Petro Chem Limited accounted for 12 percent of total product sales through its purchases of biodiesel. For the first nine months of 2012, the India segment sold to the domestic market with the following mix of products:  refined palm oliens (45%), biodiesel (34%), refined glycerin (20%) and scrap (1%).

North America: In 2011 and year-to-date through September 30, 2012, all of the Company’s revenues from sales of ethanol, distiller’s grains were sold to J.D. Heiskell pursuant to the Corn Procurement and Working Capital Agreement established between the company and J.D. Heiskell. During the second quarter of 2012 corn oil was added to the product mix. The Company handles the marketing of corn oil directly.  Sales to J.D. Heiskell accounted for 90% of the Company’s consolidated revenues for the first nine months of 2012.

Total assets consist of the following:
 

    September 30, 2012     December 31, 2011  
India   $ 15,577,444     $ 15,654,763  
North America (United States)     83,270,290       11,563,132  
Other     -       26  
    Total Assets   $ 98,847,734     $ 27,217,921