Company: AMTX
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001437749-25-033667
Chunk: 17

Company: AEMETIS, INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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,535 
 Thereafter   43,076 
 Total debt   354,265 
 Debt issuance costs   (762)
 Total debt, net of debt issuance costs  $353,503 

      6. 
      Basic and Diluted Net Income (Loss) Per Share

   Basic net income (loss) per share is computed by dividing the 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  September 30, 2025 and 2024:

      As of 
  September 30, 2025  September 30, 2024 
 Common stock options and warrants  9,139 7,728
 Debt with conversion feature at $30 per share of common stock  1,161 1,151
 Total number of potentially dilutive shares  10,300 8,879

       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 September 30,    For the nine months ended September 30,  
   2025    2024    2025    2024  
 Ethanol sales  $31,252  $33,925  $87,035  $88,748 
 Wet distiller's grains sales