Company: AMTX
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025271
Chunk: 67

Company: AEMETIS, INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1F
Chunk 67
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 2024 
 Common stock options and warrants  9,244 7,731
 Debt with conversion feature at $30 per share of common stock  1,159 1,277
 Total number of potentially dilutive shares  10,403 9,008

       12

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

      7. Revenue and Accounts Receivable

      California Ethanol Revenues: We sell our ethanol segment products to J.D. Heiskell, which sells them to
      third parties designated by us. We record revenue when we transfer ethanol into our storage tank, which is leased to J.D. Heiskell, and when product is loaded into shipping trucks for products other than ethanol. We also buy our corn feedstock from J.D. Heiskell. Transaction prices for ethanol sales and corn purchases are based on daily market prices. We invoice J.D. Heiskell each business day for the net balance between ethanol and other product sales and our corn purchases, and J.D. Heiskell pays on the next business day. The following table shows our sales in the California Ethanol segment:

           For the three months ended June 30, 

           For the six months ended June 30, 

           2025 

           2024 

           2025 

           2024 

           Ethanol sales 
           
          $
          27,724

          $
          29,437

          $
          55,783

          $
          54,823

           Wet distiller's grains sales 

          7,828

          9,302

          15,828

          18,516

           Other sales 

          1,736

          1,393

          3,425

          2,882

           Total 
           
          $
          37,288

          $
          40,132

          $
          75,036

          $
          76,221

      California Dairy Renewable Natural Gas Revenues: Our renewable natural gas ("RNG") production facilities as of
       June 30, 2025, include
      eleven anaerobic digesters that process feedstock from dairies into biogas, a
      36-mile collection pipeline leading to a central upgrading hub that produces RNG, and an interconnect to inject the RNG into the utility natural gas pipeline for delivery to