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7. Segment Information

6 Months Ended

Jun. 30, 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 research and development lab. As the Company’s technology gains market acceptance, this business segment will initially 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 and six months ended June 30, 2017 and 2016 follows:

		For the three months ended June 30,								For the six months ended June 30,
		2017				2016				2017				2016
Revenues
North America		$	35,465			$	32,038			$	65,418			$	60,090
India			5,299				1,021				6,920				6,295
Total revenues		$	40,764			$	33,059			$	72,338			$	66,385

Cost of goods sold
North America		$	34,359			$	29,624			$	65,008			$	55,783
India			4,700				1,491				6,212				6,572
Total cost of goods sold		$	39,059			$	31,115			$	71,220			$	62,355

Gross profit (loss)
North America		$	1,106			$	2,414			$	410			$	4,307
India			599				(470	)			708				(277	)
Total gross profit		$	1,705			$	1,944			$	1,118			$	4,030

North America: During the three and six months ended June 30, 2017, 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 both the three and six months ended June 30, 2017.

During the three and six months ended June 30, 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 95% and 94% of the Company’s North America segment revenues for the three and six months ended June 30, 2016, respectively.

India. During the three months ended June 30, 2017, two biodiesel customers accounted for 57% and 17% and no refined glycerin customers accounting for more than 10% of the Company’s consolidated India segment revenues, compared to one biodiesel customer accounted for 50% and one refined glycerin customer accounting for 12% of the Company’s consolidated India segment revenues during the three months ended June 30, 2016.

During the six months ended June 30, 2017, two biodiesel customers accounted for 54% and 13% and no refined glycerin customers accounting for more than 10% of Company’s consolidated India segment revenues, compared to one biodiesel customer accounted for 52% and no refined glycerin customers accounting for more than 10% of Company’s consolidated India segment revenues during the six months ended June 30, 2016.

Total assets by segment consist of the following:

		As of
		June 30,				December 31,
		2017				2016

North America		$	65,615			$	67,279
India			13,803				10,531
Total Assets		$	79,418			$	77,810