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13. Segment Information
 12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
13. Segment Information

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 55 MGY 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 years ended December 31, 2013 and 2012 follow:

 

     

For the twelve months ended December 31,

months ended

Statement of Operations Data     2013   2012
Revenues          
India   $ 32,816,122 $          13,547,620
North America            144,697,850        175,500,606
    Total revenues   $        177,513,972 $        189,048,226
           
Cost of goods sold          
India   $ 28,722,704 $            14,191,098
North America            130,497,508         183,784,075
    Total cost of goods sold   $        159,220,212 $ 197,975,173
           
Gross profit/(loss)          
India   $             4,093,418 $             (643,478)
North America     14,200,342            (8,283,469)
Total gross income/(loss)   $ 18,293,760 $         (8,926,947)
               

 

India:  During 2013, three customers accounted for 79% of India sales through their purchase of Refined Glycerin, two customers accounted for 97% of India sales through their purchase of Refined Palm Oil, one customer accounted for 69% of India sales through its purchase of biodiesel.  In 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.

 

North America: In 2013 and 2012, 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 2013 and 2012.

 

Company total assets by segment follow:

 

Total Assets Data   Year Ended December 31
    2013   2012
         
India   $ 13,958,695   $ 15,597,333
North America     83,183,197     81,274,826
Total Assets   $ 97,141,892   $ 96,872,159