Company: AMTX
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001437749-25-033667
Chunk: 77

Company: AEMETIS, INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1F
Chunk 77
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 Biodiesel sales  $13,948  $31,121  $23,489  $85,821 
 Other sales   520   1,136   5,578   4,020 
 Total  $14,468  $32,257  $29,067  $89,841 

   Across all segments, revenue is recognized at the point in time when performance obligations have been met. Accounts receivable for all segments represent invoicing for products with varying payment terms, but with no variable consideration or financing. The opening balance of accounts receivable for all segments as of  January 1, 2025 and 2024, was $1.8 million and $8.6 million, respectively, and the closing balance as of  September 30, 2025, and  December 31, 2024, were $1.6 million and $1.8 million, respectively. Allowance for credit losses as of  September 30, 2025, and  December 31, 2024, for all segments was $385 thousand and $36 thousand, respectively. There were no liabilities for unearned revenue for any segments as of  September 30, 2025. 

   8. Leases
    
   We are a party to operating leases for our corporate office in Cupertino, modular offices, and laboratory facilities. We have also entered into several finance leases for mobile equipment and for the Riverbank Industrial Complex. These finance leases have a purchase option at the end of the term that we are reasonably certain we will exercise, so the leases are classified as finance leases. All of our leases have remaining terms of one year to 13 years. We apply an accounting policy election to keep leases with an initial term of 12 months or less off the balance sheet, and recognize those lease payments in the Consolidated Statements of Operations as we incur the expenses.
    
   We evaluate leases in accordance with ASC 842 – Lease Accounting. When discount rates implicit in leases cannot be readily determined, we use the applicable incremental borrowing rate at lease commencement to perform lease classification tests on lease components and to measure lease liabilities and right of use (ROU) assets. The incremental borrowing rate we use is based on weighted average baseline rates commensurate with our secured borrowing rate, over a similar term. At each reporting period when there is a new lease