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10. Segment Information
 12 Months Ended
Dec. 31, 2016
Segment Reporting [Abstract]  
10. 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, 2016 and 2015 follow:

 

    For the year ended December 31,  
    2016     2015  
Revenues            
North America   $ 128,706     $ 129,408  
India     14,452       17,241  
    Total revenues   $ 143,158     $ 146,649  
                 
Cost of goods sold                
North America   $ 117,040     $ 126,290  
India     14,519       16,160  
    Total cost of goods sold   $ 131,559     $ 142,450  
                 
Gross profit (loss)                
North America   $ 11,666     $ 3,118  
India     (67 )     1,081  
Total gross profit   $ 11,599     $ 4,199  

 

North America: In 2016 and 2015, the majority 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 94% and 93% of the Company’s North American segment consolidated revenues in 2016 and 2015 respectively.

 

India: During the 2016, two customers in biodiesel accounted for 51% and 12%, of the consolidated India segment revenues compared to one customer in biodiesel accounted for 56% of the of the consolidated India segment revenues in 2015.

 

Company total assets by segment follow:

 

    As of  
    December 31,     December 31,  
    2016     2015  
             
North America   $ 67,279     $ 69,165  
India     10,531       13,976  
    Total Assets   $ 77,810     $ 83,141