Company: AMTX
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001437749-25-033667
Chunk: 34

Company: AEMETIS, INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 34
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 three months ended  September 30, 2024, three biodiesel customers accounted for 40%, 29%, and 28% of the segment's revenues. For the nine months ended  September 30, 2025,
      four customers accounted for
      35%,
      23%,
      23%, and
      14% of the segment's revenues. 
      For the nine months ended  September 30, 
      2024,
      three customers accounted for
      41%,
      33%, and
      21% of the segment's revenues. 

   14. Related Party Transactions
    
   The Company owes Eric McAfee, our Chairman and CEO, and McAfee Capital LLC (“McAfee Capital”), which is owned by Mr. McAfee, $1.3 million as of  September 30, 2025, in connection with employment agreements, bonus awards, expense reimbursements, and guarantee fees in connection with guarantees of the Company's indebtedness to Third Eye Capital provided by McAfee Capital and by Mr. McAfee personally.

       20

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

   15. Subsequent Events
    
   On  October 15, 2025, Aemetis Biogas LLC ("ABGL") entered into an agreement entitled Tenth Waiver and Amendment to Series A Preferred Unit Purchase Agreement ("PUPA Tenth Amendment") with an effective date of  August 31, 2025, that provides, among other provisions, the requirement for ABGL to redeem all outstanding Series A Preferred Units by  December 31, 2025, for an aggregate redemption price of $118.8 million or to enter into a credit agreement in the form attached to the PUPA Tenth Amendment. The PUPA Tenth Amendment is described further in Note 11 Aemetis Biogas LLC - Series A Preferred Financing.

   16. Liquidity and Going Concern
    
   The accompanying financial statements have been prepared contemplating the realization of assets and satisfaction of liabilities in the normal course of business. This approach to presentation is qualified by the following additional descriptions of our financial position.
    
   Debt
    
   We have a substantial amount of accumulated debt, and our senior lender has a security interest in substantially all of the Company's assets