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

Company: AEMETIS, INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 10
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 the Company's North American subsidiaries except for Aemetis Biogas LLC. As of  June 30, 2025, GAFI had principal and interest outstanding of $44.9 million classified as current debt. As of  June 30, 2025, ACCI had principal and interest outstanding of $28.3 million classified as current debt, and $0.7 million in unamortized debt issuance costs.
    
   Cilion Purchase Obligation. In connection with the merger between Aemetis Facility Keyes, Inc. and Cilion, Inc. (“Cilion”) on  July 6, 2012, we incurred a $5.0 million payment obligation to Cilion shareholders as merger compensation. The liability accrues interest at 3% per annum. As of  June 30, 2025, we had $7.4 million in principal and interest outstanding under the Cilion purchase obligation. 
    
   Subordinated Notes. Between 2012 and 2013 AAFK entered into Note and Warrant Purchase Agreements with two accredited investors pursuant to which it issued $3.4 million in notes to the investors (“Subordinated Notes”). The Subordinated Notes mature every six months, and the current maturity date is  December 31, 2025. Upon maturity, the Subordinated Notes are renewable at our election for six-month periods with a fee of 10% of the original note amount added to the balance outstanding plus issuance of warrants exercisable for the purchase of 113 thousand shares of Aemetis, Inc. common stock at $0.01 per share with a two-year term. Interest accrues at 10% per annum and is due at maturity. Neither AAFK nor Aemetis  may make any principal payments under the Subordinated Notes until all AAFK debts to Third Eye Capital are paid in full. As of  June 30, 2025, and  December 31, 2024, AAFK had, in aggregate, $20.6 million and $19.4 million in principal and interest outstanding, respectively, under the Subordinated Notes. As of  June 30, 2025, AAFK had $0.7 million in unamortized debt issuance costs related to the subordinated notes.   
    
   EB-5 Promissory Notes. EB-