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14. Segment Information
 12 Months Ended
Dec. 31, 2012
Segment Reporting [Abstract]  
14. Segment Information

14. Segment Information

 

Summarized financial information by reportable segment for the years ended December 31, 2012 and 2011 follow:

 

    For the twelve     For the twelve  
    months ended     months ended  
Statement of Operations Data   December 31, 2012     December 31, 2011  
Revenues            
India   $ 13,547,620     $ 9,911,616  
North America     175,500,606       131,946,298  
Other     -       -  
    Total revenues   $ 189,048,226     $ 141,857,914  
                 
Cost of goods sold                
India   $ 14,191,098       9,494,395  
North America     183,784,075       127,721,645  
Other     -       -  
    Total cost of goods sold   $ 197,975,173     $ 137,216,040  
                 
Gross income/(loss)                
India   $ (643,478 )   $ 417,221  
North America     (8,283,469 )     4,224,653  
Other     -       -  
Total gross income/(loss)   $ (8,926,947 )   $ 4,641,874  

 

India:  During 2012 two customers accounted for 45.8% of sales through their purchase of Refined Palm Oil. One customer accounted for 10.7% of consolidated sales through its purchase of biodiesel.  In 2011, one customer accounted for approximately 70% of total revenues by purchasing biodiesel for export to Europe.

 

North America: In 2012 and 2011, all of the Company’s revenues from sales of ethanol, WDG and corn oil were sold to J.D. Heiskell pursuant to the Corn Procurement and Working Capital Agreement.  Sales to J.D. Heiskell accounted for 93% of the Company’s North American segment consolidated revenues in both 2012 and 2011.

 

Company total assets by segment follow:

 

    Year Ended December 31  
Total Assets Data   2012   2011  
           
India     $ 15,597,333     $ 15,654,763  
North America       81,274,826       11,563,132  
Other       —       26  
Total Assets     $ 96,872,159     $ 27,217,921