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13. Segment Information
 12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
13. Segment Information

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

 

The “India” operating segment encompasses the Company’s 50 MGY name plate 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 name plate capacity 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, 2014, 2013 and 2012 follow:

 

    For the year ended December 31,  
    2014     2013     2012  
Revenues                  
North America   $ 195,416     $ 144,698     $ 175,501  
India     12,267       32,816       13,547  
    Total revenues   $ 207,683     $ 177,514     $ 189,048  
                         
Cost of goods sold                        
North America   $ 158,719     $ 130,498     $ 183,784  
India     11,820       28,722       14,191  
    Total cost of goods sold   $ 170,539     $ 159,220     $ 197,975  
                         
Gross profit (loss)                        
North America   $ 36,697     $ 14,200     $ (8,283 )
India     447       4,094       (644 )
                         
Total gross profit (loss)   $ 37,144     $ 18,294     $ (8,927 )
                         

 

North America: In 2014, 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 95 %, 94% and 95% of the Company’s North American segment consolidated revenues in 2014, 2013 and 2012 respectively.

 

India:  During 2014, three customers accounted for 80% of India sales through their purchase of Refined Glycerin, and four customers accounted for 80% of India sales through its purchase of biodiesel. 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.

 

Company total assets by segment follow:

 

    December 31,     December 31,  
    2014     2013  
             
North America   $ 76,066     $ 83,183  
India     13,110       13,959  
    Total Assets   $ 89,176     $ 97,142