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10. Segment Information

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

10. 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 plant (“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 three months ended March 31, 2019 and 2018 follows:

		Three months ended March 31, 2019												Three months ended March 31, 2018
		North America India				India				Total Consolidated				North America				India				Total Consolidated
Revenues		$	36,636			$	5,252			$	41,888			$	37,176			$	5,842			$	43,018
Cost of goods sold			36,967				5,272				42,239				35,982				5,170				41,152
Gross profit (loss)			(331	)			(20	)			(351	)			1,194				672				1,866
Expenses
Research and development expenses			33				-				33				62				-				62
Selling, general and administrative expenses			4,066				175				4,241				3,515				292				3,807
Interest expense			6,042				167				6,209				8,884				144				9,028
Accretion of Series A preferred units			449				-				449				-				-				-
Other expense (income)			111				(734	)			(623	)			45				23				68
Loss before income taxes		$	(11,032	)		$	372			$	(10,660	)		$	(11,312	)		$	213			$	(11,099	)
Capital expenditures		$	351			$	247			$	598			$	490			$	506			$	996
Depreciation			994				144				1,138				992				158				1,150

North America. During the three months ended March 31, 2019 and 2018, 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 99.9% and 99.4% of the Company’s North America segment revenues for the three months ended March 31, 2019 and 2018.

India. During the three months ended March 31, 2019, one customer in biodiesel accounted for 45% 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, 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.

Total assets by segment consist of the following:

		As of
		March 31,				December 31,
		2019				2018
North America		$	77,833			$	78,149
India			14,545				13,672
Total Assets		$	92,378			$	91,821

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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