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12. Segment Information
 9 Months Ended
Sep. 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 60 million gallon per year capacity ethanol manufacturing 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 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 nine months ended September 30, 2015 and 2014 follows:

  

 

   

For the three months

ended September 30,

    

For the nine months

ended September 30,

  
    2015     2014     2015     2014  
Revenues                        
North America   $ 32,444     $ 42,886     $ 99,795     $ 155,966  
India     6,066       5,462       11,508       10,242  
    Total revenues   $ 38,510     $ 48,348     $ 111,303     $ 166,208  
                                 
Cost of goods sold                                
North America   $ 31,603     $ 35,632     $ 97,489     $ 121,754  
India     5,873       5,001       11,059       9,762  
    Total cost of goods sold   $ 37,476     $ 40,633     $ 108,548     $ 131,516  
                                 
Gross profit                                
North America   $ 841     $ 7,254     $ 2,306     $ 34,212  
India     193       461       449       480  
Total gross profit   $ 1,034     $ 7,715     $ 2,755     $ 34,692  

 

North America. During the three and nine months ended September 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 nine months ended September 30, 2015, respectively.

 

During the three and nine months ended September 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 and WDG to J.D. Heiskell accounted for 97% and 99% of the Company’s North America segment revenues for the three and nine months ended September 30, 2014.

 

India. During the three months ended September 30, 2015, one customer in biodiesel accounted for 72% of the consolidated India segment revenues compared to two customers in biodiesel who accounted for 58% and 19%, respectively of the consolidated India segment revenues during the three months ended September 30, 2014.

 

During the nine months ended September 30, 2015, one customer in biodiesel accounted for 55% of the consolidated India segment revenues compared to three customers in biodiesel who accounted for 49%, 17%, and 9%, of the consolidated India segment revenues during the nine months ended September 30, 2014.

 

Total assets consist of the following:

 

    As of        
    September 30,     December 31,  
    2015     2014  
             
North America   $ 74,908     $ 76,066  
India     12,059       13,110  
    Total Assets   $ 86,967     $ 89,176