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12. Segment Information

12 Months Ended

Dec. 31, 2019

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, 2019 and 2018 follow:

		For the year ended December 31, 2019												For the year ended December 31, 2018
		North America				India				Total Consolidated				North America				India				Total Consolidated

Revenues		$	154,148			$	47,850			$	201,998			$	150,045			$	21,481			$	171,526
Cost of goods sold			150,197				39,103				189,300				145,947				20,174				166,121
Gross profit			3,951				8,747				12,698				4,098				1,307				5,405

Other Expenses
Research and development expenses			205				-				205				246				-				246
Selling, general and administrative expenses			13,279				4,145				17,424				15,204				881				16,085
Interest expense			25,404				351				25,755				25,076				614				25,690
Accretion of Series A preferred units			2,257				-				2,257				44				-				44
Loss contingency on litigation			6,200				-				6,200				-				-				-
Loss on impairment of intangibles			-				-				-				865				-				865
Other expense (income)			25				(822	)			(797	)			(1,208	)			(37	)			(1,245	)
Income (loss) before income taxes		$	(43,419	)		$	5,073			$	(38,346	)		$	(36,129	)		$	(151	)		$	(36,280	)

Capital expenditures		$	7,519			$	1,059			$	8,578			$	2,746			$	1,328			$	4,074
Depreciation			3,822				612				4,434				3,968				612				4,580

Total assets by segment are as follows:

		As of
		December 31,				December 31,
		2019				2018

North America		$	82,990			$	78,149
India			16,906				13,672
Total Assets		$	99,896			$	91,821

North America: In 2019 and 2018, 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 99.1% and 99.7% of the Company’s North America segment consolidated revenues in 2019 and 2018 respectively.

India: During 2019, three customers accounted for 33%, 15%, and 13%, of the consolidated India segment revenues compared to two customers accounting for 53% and 13% of the consolidated India segment revenues in 2018.