XML 12 R17.htm IDEA: XBRL DOCUMENT v2.4.0.8
12. Segment Information
 9 Months Ended
Sep. 30, 2013
Segment Reporting [Abstract]  
12. Segment Information

Aemetis recognizes two reportable geographic segments: “India” and “North America.”

 

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.

  

Summarized financial information by reportable segment for the three and nine months ended September 30, 2013 and 2012 follow:

 

   For the three  For the three  For the nine  For the nine
   months ended  months ended  months ended  months ended
   September 30,  September 30,  September 30,  September 30,
Statement of Operations Data  2013  2012  2013  2012
Revenues                    
India  $7,515,946   $2,023,165   $30,578,021   $6,547,971 
North America   49,171,964    51,385,037    92,882,612    135,335,873 
    Total revenues  $56,687,910   $53,408,202   $123,460,633   $141,883,844 
                     
Cost of goods sold               
India  $6,943,285   $1,937,563   $26,576,296   $6,771,935 
North America   46,709,049    53,733,287    89,850,780    141,654,009 
    Total cost of goods sold  $53,652,334   $55,670,850   $116,427,076   $148,425,944 
                     
Gross profit/(loss)               
India  $572,661   $85,602   $4,001,725   $(223,964)
North America   2,462,915    (2,348,250)   3,031,832    (6,318,136)
Total gross profit/(loss)  $3,035,576   $(2,262,648)  $7,033,557   $(6,542,100)


India. During the three months ended September 30, 2013, five customers accounted for approximately 70% of the consolidated India segment revenues.  During the three months ended September 30, 2012, one customer accounted for approximately 12% of the consolidated India segment revenues.

 

North America: During the three months ended September 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 September 30, 2013.

 

During the three months ended September 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 90% of the Company’s consolidated revenues for the three months ended September 30, 2012.

 
Total assets consist of the following:

 

   September 30,
2013		  December 31,
2012
India  $14,680,609   $15,597,333 
North America (United States)   78,705,264    81,274,826 
    Total Assets  $93,385,873   $96,872,159