Company: AMTX
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001437749-25-015301
Chunk: 37

Company: AEMETIS, INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 37
---
,686

     $
     41,747

     $
     939

     2.2
     %

      California Dairy Renewable Natural Gas 

     2,138

     1,582

     556

     35.1
     %

      India Biodiesel 

     3,142

     29,917

     (26,775
     )

     (89.5
     )%

      Total 
      
     $
     47,966

     $
     73,246

     $
     (25,280
     )

     (34.5
     )%

California Ethanol. We ground 4.8 million bushels of corn at an average price of $6.63 per bushel during the three months ended March 31, 2025, compared to 4.9 million bushels of corn at an average price of $6.33 per bushel during the three months ended March 31, 2024. The slight increase in cost of goods sold for the three months ended March 31, 2025, is mainly due to the increase in the cost of corn.  

       23

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

California Dairy Renewable Natural Gas. Cost of goods sold includes dairy manure payments, equipment maintenance, and depreciation. The increase from the first quarter of 2024 to the first quarter of 2025 was primarily due to the increase in the number of operating digesters.

India Biodiesel.  The decrease in cost of goods sold during the three months ended March 31, 2025, compared to March 31, 2024, was attributable to a pause in production of biodiesel during the three months ended March 31, 2025, compared to 27.5 thousand metric tons of biodiesel sold during the three months ended March 31, 2024. 

Gross profit (loss)

      2025 

      2024 

      Inc/(dec) 

      % change 

      California Ethanol 
      
     $
     (4,938
     )
      
     $
     (5,658
     )
      
     $
     720

     (12.7
     )%

      California Dairy Renewable Natural Gas 

     305

     2,210

     (1,905
     )

     (