Company: AMTX
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001437749-25-033667
Chunk: 7

Company: AEMETIS, INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 7
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5    December 31, 2024  
 Raw materials  $2,829  $12,529 
 Work-in-progress   1,598   1,683 
 Finished goods   350   11,230 
 Total inventories  $4,777  $25,442 

    As of 
     September 30, 2025
    , and 
     December 31, 2024
    , we recognized a lower of cost or net realizable value adjustment 
    of $0 thousand and $112 
    thousand, 
    respectively, related to inventory.

   4. Property, Plant and Equipment
    
   Property, plant and equipment consist of the following:

       As of  
   September 30, 2025    December 31, 2024  
 Land  $8,623  $8,642 
 Plant and buildings   200,536   182,724 
 Furniture and fixtures   3,030   2,686 
 Machinery and equipment   5,908   5,721 
 Construction in progress   45,185   46,201 
 Property held for development   15,431   15,431 
 Finance lease right of use assets   2,889   2,889 
 Total gross property, plant & equipment   281,602   264,294 
 Less accumulated depreciation   (71,637)  (64,902)
 Total net property, plant & equipment  $209,965  $199,392 

   For the three months ended  September 30, 2025 and 2024, interest capitalized in property, plant and equipment was $1.1 million and $1.0 million, respectively. For the nine months ended  September 30, 2025 and 2024, interest capitalized in property, plant and equipment was $3.2 million and $4.0 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