Company: AMTX
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025271
Chunk: 47

Company: AEMETIS, INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 47
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     $
     (15,276
     )

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

     (45
     )

      Reclassification of EB-5 broker promissory note 

     (2,595
     )

      Change in debt issuance costs, net of amortization 

     (174
     )

      Term Loan Payments 

     (5
     )

      Construction Term Loan Payments 

     (2,489
     )

      Secured loans and Working capital loans payments 

     (19,689
     )

      Jessup purchase notes payments 

     (175
     )

      Reclass to accounts payable for payment 

     (40
     )

      Total decreases to debt 

     $
     (40,488
     )

      Change in total debt 

     $
     6,171

       27

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

Working capital changes reflect (i) a $13 million decrease in inventories primarily due to restarting shipment of biodiesel to the OMCs after a delay in tenders; (ii) a $12.3 million decrease in tax credit sale receivable due to our receipt of the credit sale proceeds; (iii) an increase in trade accounts receivable of $0.9 million; and (iv) a $0.9 million decrease in other current assets in the India Biodiesel segment. 

Cash used in operating activities was $5.6 million, derived from a net loss of $47.9 million, non-cash changes of $16.6 million, and changes in operating assets and liabilities of $25.8 million. The non-cash changes primarily consisted of: (i) $3.7 million in stock-based compensation expense, (ii) $4.7 million in depreciation expenses, (iii)  $3.8 million in amortization of debt issuance costs and other intangible assets, (iv) $4.3 million in preferred unit accretion and other expenses of Series A Preferred Units. Cash increases related to changes in operating assets and liabilities consisted primarily of (i) a decrease in inventory of $13.0 primarily due to the India biodiesel segment selling feedstock and biodiesel inventory, (ii) $12.3 million receipt from tax credit sales, (iii) $0.4 million reduction in