Company: AMTX
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025271
Chunk: 90

Company: AEMETIS, INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1F
Chunk 90
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 us their land for construction of our digesters and supply our digesters with manure in liquid form. Our cost of feedstock is established by manure supply agreements based on the value of the environmental attributes and the number of cows at each dairy.

We procure several different feedstocks for the Kakinada Plant, including stearin, a non-edible feedstock, from neighboring natural oil processing plants. Raw material is received by truck and loaded at our vendor's nearby facilities. Credit terms vary by vendor. However, we generally receive 15 days of credit for the purchases. We purchase crude glycerin in the international market on letters of credit or advance payment terms as market prices become viable.

      2025 

      2024 

      Inc/(dec) 

      % change 

      California Ethanol 
      
     $
     41,094

     $
     44,053

     $
     (2,959
     )

     (6.7
     )%

      California Dairy Renewable Natural Gas 

     2,196

     1,734

     462

     26.6
     %

      India Biodiesel 

     12,308

     22,580

     (10,272
     )

     (45.5
     )%

      Total 
      
     $
     55,598

     $
     68,367

     $
     (12,769
     )

     (18.7
     )%

California Ethanol. We ground 4.7 million bushels of corn at an average cost of $6.42 per bushel during the three months ended June 30, 2025, compared to 5.2 million bushels of corn at an average cost of $6.36 per bushel during the three months ended June 30, 2024. The 6.7% decrease in cost of goods sold for the three months ended June 30, 2025, is mainly due to the planned reduction in the quantity of corn ground.  

       23

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

California Dairy Renewable Natural Gas. Cost of goods sold includes dairy manure payments, equipment maintenance, and depreciation. The increase from the first quarter of 2024 to the first quarter of 2025 was primarily due to the increase in the number of