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12. Segment Information
 6 Months Ended
Jun. 30, 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 becomes commercialized, this business segment will include its domestic commercial application of second generation 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 and six months ended June 30, 2015 and 2014 follows:

  

 

    For the three months ended June 30,     For the six months ended June 30,  
    2015     2014     2015     2014  
Revenues                        
North America   $ 34,144     $ 53,999     $ 67,351     $ 113,080  
India     3,923       3,196       5,442       4,780  
    Total revenues   $ 38,067     $ 57,195     $ 72,793     $ 117,860  
                                 
Cost of goods sold                                
North America   $ 32,517     $ 42,713     $ 65,886     $ 86,122  
India     3,601       3,129       5,186       4,761  
    Total cost of goods sold   $ 36,118     $ 45,842     $ 71,072     $ 90,883  
                                 
Gross profit                                
North America   $ 1,627     $ 11,286     $ 1,465     $ 26,958  
India     322       67       256       19  
                                 
Total gross profit   $ 1,949     $ 11,353     $ 1,721     $ 26,977  

 

North America: During the three and six months ended June 30, 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, WDG, and corn oil to J.D. Heiskell accounted for 94% and 93% of the Company’s North America segment revenues for the three and six months ended June 30, 2015, respectively.

 

During the three and six months ended June 30, 2014, 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, WDG, and corn oil to J.D. Heiskell accounted for 99.7% and 99% of the Company’s North America segment revenues for the three and six months ended June 30, 2014, respectively.

 

India. During the three months ended June 30, 2015, two customers in biodiesel accounted for 47% and 10%, of the consolidated India segment revenues compared to three customers in biodiesel who accounted for 72%, 11%, and 10%, of the consolidated India segment revenues during the three months ended June 30, 2014.

 

During the six months ended June 30, 2015, one customer in biodiesel accounted for 35% and two customers in refined glycerin accounted for 9% each of the consolidated India segment revenues compared to three customers in biodiesel who accounted for 41%, 14%, and 13%, of the consolidated India segment revenues during the three months ended June 30, 2014.

 

Total assets consist of the following:

 

    As of        
    June 30,     December 31,  
    2015     2014  
             
North America   $ 76,164     $ 76,066  
India     14,987       13,110  
    Total Assets   $ 91,151     $ 89,176