Company: AMTX
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015301
Chunk: 16

Company: AEMETIS, INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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 Basic and Diluted Net Income (Loss) Per Share

   Basic net income (loss) per share is computed by dividing income or loss attributable to common stockholders by the weighted average number of shares of common stock outstanding for the period. Diluted net income (loss) per share reflects the dilution of common stock equivalents such as options, convertible debt, and warrants to the extent the impact is dilutive. The following table shows the number of potentially dilutive shares excluded from the diluted net income (loss) per share calculation as of  March 31, 2025 and 2024:
    
     As of 
  March 31, 2025  March 31, 2024 
 Common stock options and warrants  9,434 7,743
 Debt with conversion feature at $30 per share of common stock  1,156 1,270
 Total number of potentially dilutive shares  10,590 9,013

       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 and corn 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 March 31, 

           2025 

           2024 

           Ethanol sales 
           
          $
          28,059

          $
          25,385

           Wet distiller's grains sales 

          8,001

          9,213

           Other sales 

          1,688

          1,491

           Total 
           
          $
          37,748

          $
          36,089

      California Dairy Renewable Natural Gas Revenues: Our renewable natural gas ("RNG") production facilities as of
       March 31,