Company: AMTX
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015301
Chunk: 42

Company: AEMETIS, INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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 April 1, 2026: $145.7 million 

Our senior lender has provided a series of accommodating amendments to our debt facilities as described in further detail in Note 5. Debt of the Notes to Consolidated Financial Statements in this Form 10-Q. However, future amendments or accommodations will continue to be at the discretion of the lender. In the event our senior lender does not extend our debt, we would likely not have sufficient cash to pay the debt when due unless we are able to obtain alternative financing.

Change in Debt, Working Capital and Cash Flows

The following table describes the changes in current and long-term debt (in thousands) during the three months ended March 31, 2025:

      Increases to debt: 

      Accrued interest 
      
     $
     10,695

      Maturity date extension fee and other fees added to senior debt 

     2,420

      Sub debt extension fees 

     340

      Secured loans and Working capital loan draw 

     326

      TEC short term promissory note 

     3,800

      Total increases to debt 

     $
     17,581

      Decreases to debt: 

      Principal, fees, and interest payments to senior lender 
      
     $
     (13,177
     )

      Principal and interest payments and reductions to EB-5 promissory note 

     (23
     )

      Payment and reclassification of EB-5 broker note 

     (2,595
     )

      Change in debt issuance costs, net of amortization 

     (562
     )

      Term Loan Payments 

     (2
     )

      Construction Term Loan Payments 

     (1,237
     )

      Secured loans and Working capital loans payments 

     (1,640
     )

      Jessup purchase notes payments 

     (82
     )

      Reclass to accounts payable for payment 

     (33
     )

      Total decreases to debt 

     $
     (19,351
     )

      Change in total debt 

     $
     (1,770
     )

       25

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

Working capital changes reflect (i) a $2.5 million decrease in inventories primarily due to selling feedstock in India during the pause in OMC shipments; (ii) a $12.3 million decrease in tax credit sale receivable due to receipt of