Company: AMTX
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001437749-25-033667
Chunk: 85

Company: AEMETIS, INC
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1F
Chunk 85
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 Unit liabilities of $131.0 million and $126.6 million as long-term liabilities as of 
       September 30, 2025
      , and 
       December 31, 2024
      , respectively.

   12. Agreements
    
   J.D. Heiskell Working Capital Agreements. Pursuant to a Corn Procurement and Working Capital Agreement with J.D. Heiskell, AAFK procures whole yellow corn from J.D. Heiskell. AAFK has the ability to obtain grain from other sources subject to certain conditions; however, in the past all AAFK grain purchases have been from J.D. Heiskell. Title to and risk of loss of the corn pass to AAFK when the corn is deposited into the Keyes Plant weigh bin. Pursuant to a separate agreement entered in  May 2023, J.D. Heiskell also purchases all of our ethanol, WDG, corn oil, and CDS and sells them to marketing companies designated by us. We have designated Murex to purchase and market ethanol and A.L. Gilbert to purchase and market WDG and corn oil. Our relationships with J.D. Heiskell, Murex, and A.L. Gilbert are well established, and we believe that the relationships are beneficial to all parties involved in utilizing the distribution logistics, reaching a widespread customer base, managing inventory, and providing working capital relationships. 

       17

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

   The following table summarizes the J.D. Heiskell purchase and sales activity during the three and nine months ended  September 30, 2025 and 2024:

       For the three months ended September 30,    For the nine months ended September 30,  
   2025    2024    2025    2024  
 Ethanol sales  $31,252  $32,812  $87,035  $87,635 
 Wet distiller's grains sales   7,305   8,961   23,133   27,476 
 Corn oil sales   1,949   1,746   4,900   4,199 
 CDS sales   24   24   39   49 
 Corn purchases   29