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5. Operating Leases

9 Months Ended

Sep. 30, 2012

Commitments and Contingencies Disclosure [Abstract]

5. Operating Leases

The Company, through its subsidiaries, has non-cancelable operating leases for office space in Cupertino and India. Future minimum operating lease payments as of September 30, 2012 are adjusted for the elimination of the inter-company Keyes lease payments through the merger discussed in Note 12 Subsequent Events. See following for future minimum lease payments.

For the twelve months ended September 30		Future Rent Payments
2013		411,742
2014		373,147
2015		240,188
Total	$	1,025,077

For the three and nine months ended September 30, 2012, the Company recognized net rent expense of $104,202 and $1,771,685, respectively, under existing operating leases. For the three and nine months ended September 30, 2011, the Company recognized net rent expense of $817,648 and $1,636,768, respectively, under existing operating leases.

On July 6, 2012, Aemetis, Inc. acquired the Keyes, CA ethanol plant. As a result, future lease payments will be eliminated during consolidation. Prior to the plant purchase, lease payments were $250,000 per month.

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

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