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12. Segment Information
 3 Months Ended
Mar. 31, 2015
Segment Reporting [Abstract]  
12. Segment Information

Aemetis recognizes two reportable geographic segments: “North America” and “India.” 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 “India” operating segment includes the Company’s 50 million gallon per year nameplate 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.

 

Summarized financial information by reportable segment for the three months ended March 31, 2015 and 2014 follows:

 

    For the three months ended March 31,  
    2015     2014  
Revenues            
North America   $ 33,207     $ 59,081  
India     1,519       1,584  
    Total revenues   $ 34,726     $ 60,665  
                 
Cost of goods sold                
North America   $ 33,369     $ 43,409  
India     1,585       1,632  
    Total cost of goods sold   $ 34,954     $ 45,041  
                 
Gross profit (loss)                
North America   $ (162 )   $ 15,672  
India     (66 )     (48 )
                 
Total gross profit (loss)   $ (228 )   $ 15,624  

 

North America: During the three months ended March 31, 2015, the 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, corn oil and WDG to J.D. Heiskell accounted for 93% of the Company’s North America segment revenues for the three months ended March 31, 2015.

  

During the three months ended March 31, 2014, 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 98% of the Company’s North America segment revenues for the three months ended March 31, 2014.

 

India. During the three months ended March 31, 2015, two customers in biodiesel accounted for 15% and 14%, and one customer in refined glycerin accounted for 15%, of the consolidated India segment revenues.  During the three months ended March 31, 2014, two customers in biodiesel accounted for 21% and 19%, and two customers in Refined glycerin accounted for 14% and 11%, of the consolidated India segment revenues.

 

Total assets consist of the following:

 

    As of     As of  
    March 31,     December 31,  
    2015     2014  
             
North America   $ 79,987     $ 76,066  
India     13,327       13,110  
    Total Assets   $ 93,314     $ 89,176