Company: AMTX
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025271
Chunk: 58

Company: AEMETIS, INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1F
Chunk 58
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.1 million and $1.3 million, respectively. For the six months ended  June 30, 2025 and 2024, interest capitalized in property, plant and equipment was $2.1 million and $3.0 million, respectively.

       9

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

   Construction in progress includes biogas dairy digesters, mechanical vapor recompression at the Keyes Plant, the Riverbank sustainable aviation fuel and renewable diesel plant, and CCUS facilities. 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  June 30, 2025 and 2024, we recorded depreciation expense of $2.3 million and $2.0 million, respectively. For the six months ended  June 30, 2025 and 2024, we recorded depreciation expense of $4.7 million and $3.8 million, respectively. 

   5. Debt
    
   Debt consists of the following:
   
       June 30, 2025    December 31, 2024  
 Third Eye Capital term notes  $7,258  $7,212 
 Third Eye Capital revenue participation term notes   12,188   12,110 
 Third Eye Capital revolving credit facility   30,449   31,434 
 Third Eye Capital revolving notes Series B   76,257   68,476 
 Third Eye Capital acquisition term notes   26,900   26,788 
 Third Eye Capital Fuels Revolving Line   44,936   41,286 
 Third Eye Capital Carbon Revolving Line   27,683   26,302 
 Third Eye Capital short term promissory note   -   2,006 
 Biogas construction and term loans   48,436   48,235 
 Cilion purchase obligation   7,351   7,242 
 Subordinated