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

Company: AEMETIS, INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 25
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 31, 2025 and 2024:

    For the three months ended March 31,  
   2025    2024  
 Ethanol sales  $28,059  $25,385 
 Wet distiller's grains sales   8,001   9,213 
 Corn oil sales   1,454   1,292 
 CDS sales   9   21 
 Corn purchases   31,354   30,913 

    March 31, 2025    December 31, 2024  
 Accounts receivable   27   25 
 Accounts payable   —   — 

The agreements with J.D. Heiskell, Murex, and A.L. Gilbert include marketing and transportation services. For the three months ended  March 31, 2025 and 2024, the Company expensed marketing costs of $0.6 million and $0.2 million, respectively, in connection with the marketing arrangements and these costs are included in Selling, General, and Administration. For the three months ended  March 31, 2025, the Company expensed transportation costs of $1.2 million related to sales of ethanol and $1.4 million related to sales of WDG. For the three months ended  March 31, 2024, the Company expensed transportation costs of $0.7 million related to sales of ethanol and $1.4 million related to sales of WDG. Transportation costs are included in costs of goods sold.

    18

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

Supply Trade Agreement. On  July 1, 2022, the Company entered into an operating agreement with Gemini Edibles and Fats India Private Limited (“Gemini”) pursuant to which Gemini supplies the Company with feedstock up to a credit limit of $12.7 million with collateral interest in inventories, current assets, and fixed assets. If the Company fails to pay an invoice within the ten-day credit period, the outstanding balance bears interest at 18%. The agreement lasts until  June 2025, and either party can terminate the agreement by giving one month's notice in writing. As of   March 31, 2025, and  December 31, 2024, the Company had accounts payable of $6.3 million and $6.2