Company: AMTX
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025271
Chunk: 16

Company: AEMETIS, INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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 for products with varying payment terms, but with no variable consideration or financing. The opening balance of accounts receivable for all segments as of  January 1, 2025 and 2024, was $1.8 million and $8.6 million, respectively, and the closing balance as of  June 30, 2025, and  December 31, 2024, were $$2.7 million and $1.8 million, respectively. Allowance for credit losses as of  June 30, 2025, and  December 31, 2024, for all segments was $0 and $36 thousand, respectively. There were no liabilities for unearned revenue for any segments as of  June 30, 2025. 

   8. Leases
    
   We are a party to operating leases for our corporate office in Cupertino, modular offices, and laboratory facilities. We have also entered into several finance leases for mobile equipment and for the Riverbank Industrial Complex. These finance leases have a purchase option at the end of the term that we are reasonably certain we will exercise, so the leases are classified as finance leases. All of our leases have remaining terms of one year to 13 years. We apply an accounting policy election to keep leases with an initial term of 12 months or less off the balance sheet, and recognize those lease payments in the Consolidated Statements of Operations as we incur the expenses.
    
   We evaluate leases in accordance with ASC 842 – Lease Accounting. When discount rates implicit in leases cannot be readily determined, we use the applicable incremental borrowing rate at lease commencement to perform lease classification tests on lease components and to measure lease liabilities and right of use (ROU) assets. The incremental borrowing rate we use is based on weighted average baseline rates commensurate with our secured borrowing rate, over a similar term. At each reporting period when there is a new lease initiated, the rates established for that quarter are used.

       13

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

   The components of lease expense are as follows:

        Three months ended June 30, 

        Six months ended June 30, 

        2025 

        2024 

        2025 

        2024 

        Operating lease cost 

        Operating lease expense 
        
       $
       202

       $
       196

       $
       392

       $