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8. Segment Information

3 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

8. Segment Information

Aemetis recognizes two reportable geographic segments: “North America” and “India.” The “North America” operating segment includes the Company’s 60 million gallons per year capacity Keyes plant in Keyes, California, the GAFI plant in Goodland, Kansas and the research and development facility in St. Paul, Minnesota. As the Company’s technology gains market acceptance, this business segment will also 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 encompasses the Company’s 50 million gallon per year capacity Kakinada plant in Kakinada, India, the administrative offices in Hyderabad, India, and the holding companies in Nevada and Mauritius.

Summarized financial information by reportable segment for the three months ended March 31, 2018 and 2017 follows:

		Three months ended March 31, 2018
		North America				India				Total Consolidated

Revenues		$	37,176			$	5,842			$	43,018
Cost of goods sold			35,982				5,170				41,152

Gross profit			1,194				672				1,866

Expenses
Research and development expenses			62				-				62
Selling, general and administrative expenses			3,515				292				3,807
Interest rate expense			8,884				144				9,028
Other expense			45				23				68

Income (loss) before income taxes		$	(11,312	)		$	213			$	(11,099	)

Capital expenditures		$	490			$	506			$	996
Depreciation			992				158				1,150

		Three months ended March 31, 2017
		North America				India				Total Consolidated

Revenues		$	29,953			$	1,621			$	31,574
Cost of goods sold			30,649				1,512				32,161

Gross profit (loss)			(696	)			109				(587	)

Expenses
Research and development expenses			86				-				86
Selling, general and administrative expenses			3,024				271				3,295
Interest expense (income)			4,557				(32	)			4,525
Other expense (income)			49				(21	)			28

Loss before income taxes		$	(8,412	)		$	(109	)		$	(8,521	)

Capital expenditures		$	43			$	1			$	44
Depreciation			998				148				1,146

North America. During the three months ended March 31, 2018 and 2017, the Company’s revenues from ethanol, WDG, and DCO were made pursuant to the Corn Procurement and Working Capital Agreement established between the Company and J.D. Heiskell. Sales of ethanol, WDG, and DCO to J.D. Heiskell accounted for 99.4% and 99.9% of the Company’s North America segment revenues for the three months ended March 31, 2018 and 2017.

India. During the three months ended March 31, 2018, two customers in biodiesel accounted for 61% and 11% of the Company’s consolidated India segment revenues. None of the refined glycerin customers accounted for 10% of the Company’s consolidated India segment revenues. 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.

Total assets by segment consist of the following:

		As of
		March 31,				December 31,
		2018				2017

North America		$	79,400			$	80,479
India			14,636				13,852
Total Assets		$	94,036			$	94,331