Company: AMTX
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025271
Chunk: 81

Company: AEMETIS, INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1F
Chunk 81
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 2025,
      four customers accounted for
      28%,
      26%,
      20%, and
      19% of the segment's revenues. 
      For the six months ended  June 30, 2024,
      three customers accounted for
      42%,
      36%, and
      17% of the segment's revenues. 

   14. Related Party Transactions
    
   The Company owes Eric McAfee, our Chairman and CEO, and McAfee Capital LLC (“McAfee Capital”), which is owned by Mr. McAfee, $1.3 million as of  June 30, 2025, in connection with employment agreements, bonus awards, expense reimbursements, and guarantee fees in connection with guarantees of the Company's indebtedness to Third Eye Capital provided by McAfee Capital and by Mr. McAfee personally.

       20

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

   15. Subsequent Events
    
   We evaluated subsequent events through the date these financial statements were issued, and we concluded that there were no material subsequent events requiring disclosure.

   16. Liquidity and Going Concern
    
   The accompanying financial statements have been prepared contemplating the realization of assets and satisfaction of liabilities in the normal course of business. This approach to presentation is qualified by the following additional descriptions of our financial position.
    
   Debt
    
   We have substantial accumulated debt and our senior lender has a security interest in substantially all of the Company's assets. We have been reliant on our senior secured lender to provide extensions to the maturity dates of its debt facilities and have been required to remit substantially all excess cash from tax credit sales as payments of that debt, in addition to other periodic payments. In order to meet our obligations during the next twelve months, we will need to refinance debt with our senior lender for amounts becoming due in the next twelve months or receive its continued cooperation.
    
   Operational Cash Flows
    
   We do not currently generate positive cash flow from our consolidated operations. We are pursuing the following strategies to improve liquidity:
    
   California Ethanol
    
   Optimize Operations. We plan to continue to operate the Keyes Plant and to optimize operating parameters based on market conditions. For example, we recently improved ethanol yields and operating margins by