Company: AMTX
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015301
Chunk: 65

Company: AEMETIS, INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1F
Chunk 65
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2025, include
      eleven anaerobic digesters that process feedstock from dairies into biogas, a
      36-mile collection pipeline leading to a central upgrading hub that produces "RNG", and an interconnect to inject the RNG into the utility natural gas pipeline for delivery to customers for use as transportation fuel. We also generate sellable credits under the federal Renewable Fuel Standard (referred to as
      "D3 RINs") and the California Low Carbon Fuel Standard credits ("LCFS"), as well as other tax credit programs. We recognize revenue from natural gas sales when we inject the RNG into the utility pipeline and we recognize revenue from sales of
      D3 RINs, LCFS credits, and other credits when we sell the credits. The following table shows sales in our RNG segment:

        For the three months ended March 31, 

        2025 

        2024 

        Gas sales 
        
       $
       259

       $
       245

        LCFS credit sales 

       1,160

       1,188

        RIN sales 

       1,024

       2,359

        Total 
        
       $
       2,443

       $
       3,792

      India Biodiesel Revenues: We sell biodiesel to the government-owned India Oil Market Companies pursuant to tender offers, and we sell refined glycerin to private parties. We also occasionally sell feedstock based on market conditions. The following table shows sales in our India Biodiesel segment by product category:

        For the three months ended March 31, 

        2025 

        2024 

        Biodiesel sales 
        
       $
       -

       $
       30,992

        Other sales 

       2,695

       1,761

        Total 
        
       $
       2,695

       $
       32,753

   Across all segments, revenue is recognized at the point in time when performance obligations have been met. Accounts receivable for all segments represent invoicing for products with varying payment terms, but with no variable consideration or financing. The opening balance of accounts receivable for all segments as of  January 1, 2025 and 2024, was $1.8 million and $8.6 million, respectively, and the closing balance as of  March 31, 2025 and