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12. Segment Information

12 Months Ended

Dec. 31, 2018

Segment Reporting [Abstract]

Segment Information

Aemetis recognizes two reportable geographic segments: “North America” and “India.” The “North America” operating segment includes the Keyes Plant in Keyes, the cellulosic ethanol facility in Riverbank, the cluster of biogas digesters on dairies near Keyes, California, the Goodland Plant, Kansas and the research and development facility in Minnesota.

The “India” operating segment includes the Company’s 50 million gallon per year nameplate capacity biodiesel manufacturing Kakinada Plant, 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, 2018 and 2017 follow:

		For the year ended December 31, 2018												For the year ended December 31, 2017
		North America				India				Total Consolidation				North America				India				Total Consolidated

Revenues		$	150,045			$	21,481			$	171,526			$	136,739			$	13,418			$	150,157
Cost of goods sold			145,947				20,174				166,121				133,606				13,176				146,782

Gross profit			4,098				1,307				5,405				3,133				242				3,375

Other Expenses
Research and development expenses			246				-				246				2,367				-				2,367
Selling, general and administrative expenses			15,204				881				16,085				12,134				1,057				13,191
Interest expense			25,076				614				25,690				18,991				313				19,304
Accretion of Series A preferred units			44				-				44				-				-				-
Loss on impairment of intangibles			865				-				865				-				-				-
Other expense (income)			(1,208	)			(37	)			(1,245	)			328				(51	)			277
Loss before income taxes		$	(36,129	)			(151	)			(36,280	)		$	(30,687	)			(1,077	)			(31,764	)

Capital expenditures		$	2,746			$	1,328			$	4,074			$	802			$	314			$	1,116
Depreciation			3,968				612				4,580				4,001				621				4,622

Total Assets		$	78,149			$	13,672			$	91,821			$	80,479			$	13,852			$	94,331

North America: In 2018 and 2017, 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 99.7% and 99.9% of the Company’s North America segment consolidated revenues in 2018 and 2017 respectively.

India: During 2018, two customers accounted for 53% and 13%, of the consolidated India segment revenues compared to two customers accounting for 47% and 13% of the consolidated India segment revenues in 2017.