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9. Segment Information
 3 Months Ended
Mar. 31, 2021
Segment Reporting [Abstract]  
9. Segment Information

Aemetis recognizes two reportable geographic segments: “North America” and “India.” The “North America” operating segment includes the Keyes Plant, the Riverbank Cellulosic Ethanol Facility, the Biogas Project, the Goodland Plant and the research and development facility in Minnesota.

 

The “India” operating segment includes the 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, 2021 and 2020 follows:

 

    Three months ended March 31, 2021     Three Months ended March 31, 2020  
    North America     India     Total Consolidated     North America     India     Total Consolidated  
                                     
Revenues   $ 42,328     $ 479     $ 42,807     $ 35,872     $ 3,608     $ 39,480  
Cost of goods sold     45,881       534       46,415       36,413       3,500       39,913  
                                                 
Gross (loss) profit     (3,553 )     (55 )     (3,608 )     (541 )     108       (433 )
                                                 
Other Expenses                                                
Research and development expenses     23       -       23       117       -       117  
Selling, general and administrative expenses     5,021       361       5,382       3,120       816       3,936  
Interest expense     7,180       -       7,180       6,857       19       6,876  
Accretion of Series A preferred units     1,943       -       1,943       960       -       960  
Other (income) expense     (10 )     (21 )     (31 )     (53 )     (10 )     (63 )
                                                 
Loss before income taxes   $ (17,710 )   $ (395 )   $ (18,105 )   $ (11,542 )   $ (717 )   $ (12,259 )
                                                 
Capital expenditures   $ 6,443     $ 117     $ 6,560     $ 1,298     $ 1,074     $ 2,372  
Depreciation     1,202       184       1,386       933       157       1,090  

 

North America. Sales of ethanol, WDG, and corn oil to two customers accounted for 71% and 29% of the Company’s North America segment revenues for the three months ended March 31, 2021. Sales of ethanol, WDG, corn oil to one customer accounted for 93% of the Company’s North America segment revenues for the three months ended March 31, 2020.

 

India. During the three months ended March 31, 2021, one customer in biodiesel accounted for 75% of the Company’s consolidated India segment revenues. One refined glycerin customer accounted for 24% of the Company’s consolidated India segment revenues. During the three months ended March 31, 2020, two customers in biodiesel accounted for 32% and 18% of the Company’s consolidated India segment revenues. One of the PFAD customers accounted for 18% of the Company’s consolidated India segment revenues and none of the refined glycerin customers accounted for the Company’s consolidated India segment revenues.

 

Total assets by segment consist of the following:

 

    As of  
    March 31,     December 31,  
    2021     2020  
             
North America   $ 131,427     $ 112,312  
India     12,306       12,827  
    Total Assets   $ 143,733     $ 125,139