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10. Management's Plan

9 Months Ended

Sep. 30, 2016

The accompanying financial statements have been prepared contemplating the realization of assets and satisfaction of liabilities in the normal course of business. The Company has been reliant on their senior secured lender to provide additional funding and has been required to remit substantially all excess cash from operations to the senior secured lender. Management’s plans for the Company include, but are not limited to:

●	Operating the Keyes plant;
●	Continuing to incorporate lower-cost, non-food advanced biofuels feedstock at the Keyes plant when economical;

●	Obtaining the remaining $5.0 million of EB-5 Phase I funding from escrow;
●	Obtaining $50.0 million in funding from EB-5 Phase II funding currently being offered to investors;

●	Refinancing the senior debt with a lender who is able to offer terms conducive to the long term financing of the Keyes plant;
●	Use the Company’s India facility as collateral for additional working capital or for reducing current financing costs;

●	Securing higher volumes of shipments from the Kakinada plant; and
●	Offering the Company’s common stock by the ATM Registration Statement.

Management believes that through the above mentioned actions it will be able to fund company operations and continue to operate the secured assets for the foreseeable future. There can be no assurance that the existing credit facilities and cash from operations will be sufficient nor that the Company will be successful at maintaining adequate relationships with the senior lenders or significant shareholders. Should the Company require additional financing, there can be no assurances that the additional financing will be available on terms satisfactory to the Company.