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7. Segment Information
 3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
7. 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 gains market acceptance, this business segment is expected to include its domestic commercial application of cellulosic 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 months ended March 31, 2017 and 2016 follows:

 

   

For the three months

ended March 31,

  
    2017     2016  
Revenues            
North America   $ 29,953     $ 28,052  
India     1,621       5,274  
    Total revenues   $ 31,574     $ 33,326  
                 
Cost of goods sold                
North America   $ 30,649     $ 26,159  
India     1,512       5,081  
    Total cost of goods sold   $ 32,161     $ 31,240  
                 
Gross profit (loss)                
North America   $ (696 )   $ 1,893  
India     109       193  
Total gross profit (loss)   $ (587 )   $ 2,086  

 

North America. During the three months ended March 31, 2017 and 2016, the Company’s revenues from ethanol, WDG, and corn oil were made pursuant to the Corn 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 93% of the Company’s North America segment revenues for the three months ended March 31, 2017 and 2016.

 

India. During the three months ended March 31, 2017, one customer in biodiesel accounted for 44% and one customer in refined glycerin accounted for 13% of the Company’s consolidated India segment revenues. During the three months ended March 31, 2016, one customer in biodiesel accounted for 53% and no customer in refined glycerin accounted for more than 10% of the Company’s consolidated India segment revenues.

 

Total assets by segment consist of the following:

 

    As of  
    March 31,     December 31,  
    2017     2016  
             
North America   $ 64,735     $ 67,279  
India     10,242       10,531  
    Total Assets   $ 74,977     $ 77,810