Company: AMTX
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015301
Chunk: 7

Company: AEMETIS, INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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thousand and $112 
    thousand, 
    respectively, related to inventory.

   4. Property, Plant and Equipment
    
   Property, plant and equipment consist of the following:

        As of 

        March 31, 2025 

        December 31, 2024 

        Land 
        
       $
       8,643

       $
       8,642

        Plant and buildings 

       184,088

       182,724

        Furniture and fixtures 

       2,805

       2,686

        Machinery and equipment 

       5,905

       5,721

        Construction in progress 

       46,947

       46,201

        Property held for development 

       15,431

       15,431

        Finance lease right of use assets 

       2,889

       2,889

        Total gross property, plant & equipment 

       266,708

       264,294

        Less accumulated depreciation 

       (67,273
       )

       (64,902
       )

        Total net property, plant & equipment 
        
       $
       199,435

       $
       199,392

   For the three months ended  March 31, 2025 and 2024, interest capitalized in property, plant and equipment was $1.0 million and $1.7 million, respectively. 

       9

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

   Construction in progress includes biogas dairy digesters, the Riverbank sustainable aviation fuel and renewable diesel plant, carbon capture and underground sequestration facilities, and energy efficiency projects at the Keyes Plant. Property held for development is the partially completed Goodland Plant. Depreciation begins for each project when construction is complete and the project is placed into service, and is calculated using the straight-line method to allocate the depreciable amount over the estimated useful life of the applicable asset as follows:

        Years 

        Plant and buildings 

       20 - 30

        Machinery and equipment 

       5 - 15

        Furniture and fixtures 

       3 - 5

   For the three months ended  March 31, 2025 and 2024, the Company recorded depreciation expense of $2.4 million and $1.8 million, respectively. 

   5. Debt