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13. Segment Information
 12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
13. 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 years ended December 31, 2015 and 2014 follow:

 

    For the year ended December 31,  
    2015     2014  
Revenues            
North America   $ 129,408     $ 195,416  
India     17,241       12,267  
    Total revenues   $ 146,649     $ 207,683  
                 
Cost of goods sold                
North America   $ 126,290     $ 158,719  
India     16,160       11,820  
    Total cost of goods sold   $ 142,450     $ 170,539  
                 
Gross profit                
North America   $ 3,118     $ 36,697  
India     1,081       447  
                 
Total gross profit   $ 4,199     $ 37,144  

 

 

North America: In 2015 and 2014, 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% and 95% of the Company’s North American segment consolidated revenues in 2015 and 2014 respectively.

 

India: During the 2015, one customer in biodiesel accounted for 56% of the consolidated India segment revenues compared to two customers in biodiesel who accounted for 38% and 19%, respectively of the consolidated India segment revenues in 2014.

 

Company total assets by segment follow:

 

    As of        
    December 31,     December 31,  
    2015     2014  
             
North America   $ 69,165     $ 76,066  
India     13,976       13,110  
    Total Assets   $ 83,141     $ 89,176