Company: AMTX
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001437749-25-033667
Chunk: 23

Company: AEMETIS, INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 23
---
1,832   2.73 
 Common Stock Granted   (396)  -   - 
 Exercised   -   (340)  0.76 
 Forfeited/expired   84   (84)  4.37 
 Balance as of September 30, 2025   82   8,609  $3.91 

   The options outstanding as of  September 30, 2025, include vested rights to purchase 6.0 million shares and the remaining purchase rights are not yet vested.

      Inducement Equity Plan

       In
       March 2016, the Board of Directors approved an Inducement Equity Plan authorizing the issuance of non-statutory options for the purchase of up 
      100,000 shares of common stock. This plan was
      not approved by stockholders, so it is available only for grants to prospective employees. As of
       September 30, 2025, there are
      no option grants outstanding under the Inducement Equity Plan.

       15

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

      Stock-based Compensation Expense

       Stock-based compensation is accounted for in accordance with
      ASC 718, Compensation - Stock Compensation, which requires the measurement and recognition of compensation expense for all stock-based awards made to employees, directors, and consultants based on estimated fair value on the grant date. We estimate the fair value using the Black-Scholes option pricing model and recognize that fair value as an expense over the vesting period of each grant using the straight-line method. We only record compensation cost for vested options. The Black-Scholes valuation model for stock-based compensation expense requires us to make assumptions and judgments about the variables used in the calculation, including the expected term (the period of time that the options granted are expected to be outstanding), the volatility of our common stock, a risk-free interest rate, expected dividends, and expected forfeitures. We use the simplified calculation of expected term described in SEC Staff Accounting Bulletin Topic
      14,
      Share-Based Payment. Volatility is based on an average of the historical volatility of Aemetis, Inc. common stock during the period of time preceding the date of option issuance that matches the term of the option grant. The risk-free interest rate is based on the U.S. Treasury yield curve in effect at the time of grant for the treasury maturity term corresponding with