Company: AMTX
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015301
Chunk: 38

Company: AEMETIS, INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 38
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86.2
     )%

      India Biodiesel 

     (447
     )

     2,836

     (3,283
     )

     (115.8
     )%

      Total 
      
     $
     (5,080
     )
      
     $
     (612
     )
      
     $
     (4,468
     )

     730.1
     %

California Ethanol. The decrease in gross loss during the period ended March 31, 2025, was attributable primarily to an increase in the average ethanol sales price. 

California Dairy Renewable Natural Gas. The decrease in gross profit for the three months ended March 31, 2025, compared to the same period in 2024 is due to the decrease in sales and increase in costs of goods sold, primarily depreciation, for the increased number of operating digesters.

India Biodiesel. The decrease in gross profit in the first quarter 2025 compared to the first quarter 2024 reflects the paused sales to government OMCs in the first quarter of 2025.

Operating (income)/expense and non-operating (income)/expense

      2025 

      2024 

      Inc/(dec) 

      % change 

      Selling, general and administrative 

     10,475

     8,850

     1,625

     18.4
     %

      Other expense (income): 

      Interest expense 

      Interest rate expense 
      
     $
     11,018

     $
     9,092

     $
     1,926

     21.2
     %

      Debt related fees and amortization expense 

     2,675

     1,421

     1,254

     88.2
     %

      Accretion and other expenses of Series A preferred units 

     2,279

     3,311

     (1,032
     )

     (31.2
     )%

      Other (income) expense 

     (215
     )

     67

     (282
     )

     (420.9
     )%

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