Company: AMTX
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001437749-25-033667
Chunk: 63

Company: AEMETIS, INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1F
Chunk 63
---
 of the VIE, even if the enterprise does not own a majority of the voting interests. The primary beneficiary is the party that has both the power to direct the activities of the VIE that most significantly impact the VIE’s economic performance, and the obligation to absorb losses or the right to receive benefits from the VIE that could potentially be significant to the VIE. We consider Aemetis Biogas LLC ("ABGL") to be a VIE because Aemetis, Inc. owns all of the outstanding common units of ABGL and is the primary beneficiary of ABGL's operations; accordingly, the assets, liabilities, and operations of ABGL and its subsidiaries are consolidated in these financial statements.
    
   All intercompany balances and transactions have been eliminated in consolidation.
    
   The accompanying consolidated condensed balance sheet as of  September 30, 2025, the consolidated condensed statements of operations and comprehensive income (loss) for the three and nine months ended  September 30, 2025 and 2024, the consolidated condensed statements of cash flows for the nine months ended  September 30, 2025 and 2024, and the consolidated statements of stockholders’ deficit for the three and nine months ended  September 30, 2025 and 2024, are unaudited. The consolidated condensed balance sheet as of  December 31, 2024, is derived from the 2024 audited consolidated financial statements and notes thereto.
    
   The financial statements in this report should be read in conjunction with the 2024 audited consolidated financial statements and notes thereto included in our annual report on Form 10-K for the year ended  December 31, 2024. There have been no material changes to our significant accounting policies disclosed in Note 1 - Nature of Activities and Summary of Significant Accounting Policies and other Notes to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the fiscal year ended  December 31, 2024.

       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