Company: AMTX
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025271
Chunk: 5

Company: AEMETIS, INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 8

        (Tabular data in thousands, except par value and per share data)

   The accompanying consolidated condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. In the opinion of Company’s management, the unaudited interim consolidated condensed financial statements as of and for the three and six months ended  June 30, 2025 and 2024, have been prepared on the same basis as the audited consolidated statements as of and for the year ended  December 31, 2024, and reflect all adjustments, consisting primarily of normal recurring adjustments, necessary for the fair presentation of its statement of financial position, results of operations and cash flows. The results of operations for the three and six months ended  June 30, 2025, are not necessarily indicative of the operating results for any subsequent quarter, for the full fiscal year, or any future periods. 
    
   Investment Tax Credits
    
   We sell certain transferable Investment Tax Credits ("ITCs") that we generate from qualifying investments to third-party purchasers. We account for ITC sales in accordance with ASC 740 by electing the flow-through method. For the six months ended  June 30, 2025, the contractual net proceeds of ITC sales of $7.0 million are recorded as an income tax benefit. 

   2.  Cash, Cash Equivalents, and Restricted Cash
    
   The following table reconciles cash, cash equivalents, and restricted cash reported in the consolidated balance sheet to the total of the same amounts shown in the statement of cash flows. 

        As of 

        June 30, 2025 

        December 31, 2024 

        Cash and cash equivalents 
        
       $
       1,645

       $
       898

        Restricted cash included in other current assets 

       2

       31

        Restricted cash included in other assets 

       2,943

       2,902

        Total cash, cash equivalents, and restricted cash shown in the statement of cash flows 
        
       $
       4,590

       $