Company: AMTX
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025271
Chunk: 40

Company: AEMETIS, INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 40
---
     (4,481
     )

     (38.0
     )%

      Other expense (income): 

      Interest expense 

      Interest rate expense 
      
     $
     11,235

     $
     9,904

     $
     1,331

     13.4
     %

      Debt related fees and amortization expense 

     1,095

     1,820

     (725
     )

     (39.8
     )%

      Accretion and other expenses of Series A preferred units 

     2,032

     3,477

     (1,445
     )

     (41.6
     )%

      Other (income) expense 

     (1,112
     )

     (18
     )

     (1,094
     )

     6077.8
     %

SG&A expenses consist primarily of salaries and related expenses for employees, marketing expenses related to sales of ethanol and WDG in California Ethanol and biodiesel and other products in India Biodiesel, as well as professional fees, insurance, other corporate expenses, and related facility expenses. SG&A expenses as a percentage of revenue were 14% in the three months ended June 30, 2025, compared to 18% in the three months ended June 30, 2024. The decrease in SG&A expense was primarily due to a one-time $3.6 million loss on an asset write-off in the three months ended June 30, 2024, a $0.2 million increase in rental income from subleases in the three months ended June 30, 2025, and a reduction in legal, professional, and membership fees.  

    Other expenses consist primarily of interest and amortization expense on debt and accretion of the liability to repurchase biogas Series A Preferred Units. The cost of debt includes issuance of warrants as renewal fees. The fair value of stock and warrants are amortized as expenses, except when the extinguishment accounting method is applied, in which case refinanced debt costs are recorded as extinguishment expense. Interest expense and debt related fees and amortization increased in the three months ended
   June 30, 2025, due to higher variable interest rates and higher debt balances.

       24

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

Six Months Ended June 30, 2025