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Note 10 - Segment Information | 9 Months Ended
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Sep. 30, 2022
Notes to Financial Statements |
Segment Reporting Disclosure [Text Block] | 10. Segment Information Aemetis recognizes three reportable segments: “California Ethanol”, “Dairy Renewable Natural Gas”, and “India Biodiesel.” The “California Ethanol” reportable segment includes the Company’s 65 million gallon per year Keyes Plant, and the adjacent land leased for the production of CO₂. The “Dairy Renewable Natural Gas” reportable segment includes, the dairy digesters, pipeline and gas condition hub for the production of biogas from dairies near Keyes, California. The “India Biodiesel” reportable 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. The Company has additional operating segments that were determined not to be reportable segments, including the Carbon Zero 1 facility in Riverbank, the Goodland Plant, and the research and development facility in Minnesota. Refer to the “All Other” category. Summarized financial information by reportable segment for the three months ended September 30, 2022 and 2021 follows:
|  | For the three months ended September 30, 2022 |
|  | California Ethanol |  |  | Dairy Renewable Natural Gas |  |  | India Biodiesel |  |  | All other |  |  | Total |
Revenues from external customers |  | $ | 60,908 |  |  | $ | - |  |  | $ | 10,923 |  |  | $ | - |  |  | $ | 71,831 |
Intersegment revenues |  |  | - |  |  |  | 308 |  |  |  | - |  |  |  | - |  |  |  | 308 |
Gross profit (loss) |  |  | (3,763 | ) |  |  | (179 | ) |  |  | 2,841 |  |  |  | (3 | ) |  |  | (1,104 | )
Interest expense |  |  | 4,744 |  |  |  | 1 |  |  |  | 69 |  |  |  | 2,275 |  |  |  | 7,089 |
Accretion and other expenses of Series A preferred units |  |  | - |  |  |  | 2,774 |  |  |  | - |  |  |  | - |  |  |  | 2,774 |
Capital expenditures |  |  | 210 |  |  |  | 3,626 |  |  |  | - |  |  |  | 2,577 |  |  |  | 6,413 |
Depreciation |  |  | 1,023 |  |  |  | 156 |  |  |  | 161 |  |  |  | 38 |  |  |  | 1,378 |
Total Assets |  |  | 65,567 |  |  |  | 65,076 |  |  |  | 22,415 |  |  |  | 45,817 |  |  |  | 198,875 |
|  | For the three months ended September 30, 2021 |
|  | California Ethanol |  |  | Dairy Renewable Natural Gas |  |  | India Biodiesel |  |  | All other |  |  | Total |
Revenues from external customers |  | $ | 49,832 |  |  | $ | - |  |  | $ | 63 |  |  | $ | - |  |  | $ | 49,895 |
Intersegment revenues |  |  | - |  |  |  | 355 |  |  |  | - |  |  |  | - |  |  |  | 355 |
Gross profit (loss) |  |  | (4,413 | ) |  |  | (397 | ) |  |  | 47 |  |  |  | (22 | ) |  |  | (4,785 | )
Interest expense |  |  | 5,563 |  |  |  | 3 |  |  |  | - |  |  |  | (18 | ) |  |  | 5,548 |
Accretion and other expenses of Series A preferred units |  |  | - |  |  |  | 2,185 |  |  |  | - |  |  |  | - |  |  |  | 2,185 |
Capital expenditures |  |  | 749 |  |  |  | 3,111 |  |  |  | 21 |  |  |  | 1,955 |  |  |  | 5,836 |
Depreciation |  |  | 1,020 |  |  |  | 145 |  |  |  | 155 |  |  |  | 22 |  |  |  | 1,342 |
Total Assets |  |  | 69,454 |  |  |  | 34,769 |  |  |  | 11,259 |  |  |  | 31,497 |  |  |  | 146,979 |
A reconciliation of reportable segment revenues to total consolidated revenue for the three months ended September 30, 2022 and 2021 follows:
|  | 2022 |  |  | 2021 |
Total revenues for reportable segments |  | $ | 72,139 |  |  | $ | 50,250 |
Elimination of intersegment revenues |  |  | (308 | ) |  |  | (355 | )
Total consolidated revenues |  | $ | 71,831 |  |  | $ | 49,895 |
Summarized financial information by reportable segment for the nine months ended September 30, 2022 and 2021 follows:
|  | For the nine months ended September 30, 2022 |
|  | California Ethanol |  |  | Dairy Renewable Natural Gas |  |  | India Biodiesel |  |  | All other |  |  | Total |
Revenues from external customers |  | $ | 178,840 |  |  | $ | - |  |  | $ | 10,941 |  |  | $ | - |  |  | $ | 189,781 |
Intersegment revenues |  |  | - |  |  |  | 940 |  |  |  | - |  |  |  | - |  |  |  | 940 |
Gross profit (loss) |  |  | (6,795 | ) |  |  | (454 | ) |  |  | 2,859 |  |  |  | (13 | ) |  |  | (4,403 | )
Interest expense |  |  | 15,258 |  |  |  | 12 |  |  |  | 69 |  |  |  | 4,679 |  |  |  | 20,018 |
Accretion and other expenses of Series A preferred units |  |  | - |  |  |  | 5,920 |  |  |  | - |  |  |  | - |  |  |  | 5,920 |
Capital expenditures |  |  | 7,379 |  |  |  | 15,771 |  |  |  | 136 |  |  |  | 5,645 |  |  |  | 28,931 |
Depreciation |  |  | 3,011 |  |  |  | 456 |  |  |  | 493 |  |  |  | 79 |  |  |  | 4,039 |
Total Assets |  |  | 65,567 |  |  |  | 65,076 |  |  |  | 22,415 |  |  |  | 45,817 |  |  |  | 198,875 |
|  | For the nine months ended September 30, 2021 |
|  | California Ethanol |  |  | Dairy Renewable Natural Gas |  |  | India Biodiesel |  |  | All other |  |  | Total |
Revenues from external customers |  | $ | 146,890 |  |  | $ | - |  |  | $ | 696 |  |  | $ | - |  |  | $ | 147,586 |
Intersegment revenues |  |  | - |  |  |  | 1,090 |  |  |  | - |  |  |  | - |  |  |  | 1,090 |
Gross profit (loss) |  |  | (4,172 | ) |  |  | (482 | ) |  |  | (23 | ) |  |  | (70 | ) |  |  | (4,747 | )
Interest expense |  |  | 16,248 |  |  |  | 9 |  |  |  | - |  |  |  | 1,690 |  |  |  | 17,947 |
Accretion and other expenses of Series A preferred units |  |  | - |  |  |  | 7,928 |  |  |  | - |  |  |  | - |  |  |  | 7,928 |
Capital expenditures |  |  | 1,524 |  |  |  | 10,006 |  |  |  | 139 |  |  |  | 7,102 |  |  |  | 18,771 |
Depreciation |  |  | 3,122 |  |  |  | 429 |  |  |  | 513 |  |  |  | 42 |  |  |  | 4,106 |
Total Assets |  |  | 69,454 |  |  |  | 34,769 |  |  |  | 11,259 |  |  |  | 31,497 |  |  |  | 146,979 |
A reconciliation of reportable segment revenues to total consolidated revenues for the nine months ended September 30, 2022 and 2021 follow:
|  | 2022 |  |  | 2021 |
Total revenues for reportable segments |  | $ | 190,721 |  |  | $ | 148,676 |
Elimination of intersegment revenues |  |  | (940 | ) |  |  | (1,090 | )
Total consolidated revenues |  | $ | 189,781 |  |  | $ | 147,586 |
California Ethanol: The Company amended the Corn Procurement and Working Capital Agreement and the J.D. Heiskell Purchasing Agreement to procure corn from J.D. Heiskell and sell all WDG and corn oil the Company produces to J.D. Heiskell. Sales of ethanol, WDG, corn oil to two customers accounted for 73% and 26% of the Company’s California Ethanol segment revenues for the three months ended September 30, 2022. Sales of ethanol, WDG, and corn oil to two customers accounted for 77% and 21% of the Company’s California Ethanol segment revenues for the three months ended September 30, 2021. Sales of ethanol, WDG, corn oil to two customers accounted for 73% and 27% of the Company’s California Ethanol segment revenues for the nine months ended September 30, 2022. Sales of ethanol, WDG, and corn oil to two customers accounted for 75% and 24% of the Company’s California Ethanol segment revenues for the nine months ended September 30, 2021. Dairy Renewable Natural Gas: Substantially all of our Dairy Renewable Natural Gas segment revenues during the three and nine months ended September 30, 2022 and 2021 were from sales of biogas to the Keyes Plant for use in boilers, which allowed qualification of carbon credits for the ethanol produced in the Keyes Plant. India Biodiesel: Three biodiesel customers sales customers accounted for 52%, 23%, and 22% of the Company’s consolidated India segment revenues for the three and nine months ended September 30, 2022. Two other sales customers accounted for 71% and 23% of the Company’s consolidated India segment revenues for the three months ended September 30, 2021. One biodiesel customer accounted for 66% of the Company’s consolidated India segment revenues while one other sales customer accounted for 16% of such revenues for the nine months ended September 30, 2021.

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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