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11. Segment Information

12 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

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, Goodland plant in Kansas 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 years ended December 31, 2017 and 2016 follow:

		2017
		North America				India				Total Consolidated
Revenues		$	136,739			$	13,418			$	150,157
Cost of goods sold			133,606				13,176				146,782
Gross profit			3,133				242				3,375

Expenses
Research and development expenses			2,367				-				2,367
Selling, general and administrative expenses			12,134				1,057				13,191
Interest expense			18,991				313				19,304
Other (income) expense			328				(51	)			277
Loss before income taxes		$	(30,687	)		$	(1,077	)		$	(31,764	)

Capital Expenditures		$	802			$	314			$	1,116
Depreciation			4,001				621				4,622
Total Assets			80,479				13,852				94,331

		2016
		North America				India				Total Consolidated

Revenues		$	128,706			$	14,452			$	143,158
Cost of goods sold			117,040				14,519				131,559
Gross profit (loss)			11,666				(67	)			11,599

Expenses
Research and development expenses			369				-				369
Selling, general and administrative expenses			10,912				1,099				12,011
Interest expense			16,957				259				17,216
Gain on debt extinguishment			-				(2,033	)			(2,033	)
Other (income) expense			(254	)			(80	)			(334	)
Income (Loss) before income taxes		$	(16,318	)		$	688			$	(15,630	)

Capital Expenditures		$	198			$	431			$	629
Depreciation			4,067				603				4,670
Total Assets			67,279				10,531				77,810

North America: In 2017 and 2016, 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 92% and 94% of the Company’s North America segment consolidated revenues in 2017 and 2016 respectively.

India: During the 2017, two customers accounted for 47% and 13%, of the consolidated India segment revenues compared to two customers accounted for 51% and 12% of the consolidated India segment revenues in 2016.