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12. Segment Information
 6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
12. Segment Information

 

Aemetis recognizes 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 three and six months ended June 30, 2013 and 2012 follow:

 

    For the six     For the six     For the three     For the three  
    months ended     months ended     months ended     months ended  
Statement of Operations Data   June 30, 2013     June 30, 2012     June 30, 2013     June 30, 2012  
Revenues                        
India   $ 23,062,075     $ 4,524,806     $ 11,520,882     $ 2,211,109  
North America     43,710,648       83,950,836       35,831,627       42,068,757  
Other     -       -       -       -  
    Total revenues   $ 66,772,723     $ 88,475,642     $ 47,352,509     $ 44,279,866  
                                 
Cost of goods sold                                
India   $ 19,633,011     $ 4,834,372     $ 8,878,236     $ 2,426,783  
North America     43,141,731       87,920,722       34,724,006       43,874,023  
Other     -       -       -       -  
    Total cost of goods sold   $ 62,774,742     $ 92,755,094     $ 43,602,242     $ 46,300,806  
                                 
Gross profit/(loss)                                
India   $ 3,429,064     $ (309,566 )   $ 2,642,646     $ (215,674 )
North America     568,917       (3,969,886 )     1,107,621       (1,805,266 )
Other     -       -       -       -  
Total gross profit/(loss)   $ 3,997,981     $ (4,279,452 )   $ 3,750,267     $ (2,020,940 )

 

India. During the three months ended June 30, 2013, one customer accounted for approximately 75% of the consolidated India segment revenues.  During the three months ended June 30, 2012, one customer accounted for approximately 12% of the consolidated India segment revenues.

 

North America: During the three months ended June 30, 2013, Company’s revenues from ethanol, WDG, and corn oil were made pursuant to the Grain Procurement and Working Capital Agreement established between the Company and J.D. Heiskell.  Sales of ethanol and WDG to J.D. Heiskell accounted for 98% of the Company’s North America segment revenues for the three months ending June 30, 2013.

 

During the three months ended June 30, 2012, all of the Company’s revenues from ethanol and WDG were made pursuant to the Corn Procurement and Working Capital Agreement established between the Company and J.D. Heiskell.  Sales of ethanol and WDG to J.D. Heiskell accounted for 91% of the Company’s consolidated revenues for the three months ended June 30, 2012.

 

Total assets consist of the following:

 

    June 30,
2013		     December 31,
2012		  
India   $ 15,673,103     $ 15,597,333  
North America (United States)     80,868,783       81,274,826  
Other     —       —  
    Total Assets   $ 96,541,886     $ 96,872,159