Aemetis, Inc (AMTX) 10-K Annual Report March 2023

Document And Entity Information - USD ($)	12 Months Ended
Document And Entity Information - USD ($)	Dec. 31, 2022	Feb. 28, 2023	Jun. 30, 2022
Document Information [Line Items]
Entity Central Index Key	0000738214
Entity Registrant Name	AEMETIS, INC
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Document Transition Report	false
Entity File Number	000-51354
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-1407544
Entity Address, Address Line One	20400 Stevens Creek Blvd., Suite 700
Entity Address, City or Town	Cupertino
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95014
City Area Code	408
Local Phone Number	213-0940
Title of 12(b) Security	Common Stock, $0.001 par value
Trading Symbol	AMTX
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 145,600,000
Entity Common Stock, Shares Outstanding		36,652,122
Auditor Firm ID	49
Auditor Name	RSM US LLP
Auditor Location	Des Moines, Iowa

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Inside Aemetis, Inc's 10-K Annual Report:

Financial - Cash Flow Highlight
Management judgment regarding the existence of circumstances that indicate impairment is based on numerous potential factors including, but not limited to, a decline in our future projected cash flows, a decision to suspend operations at a plant for an extended period of time, adoption of our product by the market, a sustained decline in our market capitalization, a sustained decline in market prices for similar assets or businesses, or a significant adverse change in legal or regulatory factors or the business climate.

Financial - Debt Highlight
The non-cash charges consisted of: (i) $7.4 million in amortization of debt issuance costs and other intangible assets, (ii) $5.5 million in depreciation expenses, (iii) $6.4 million in stock-based compensation expense, (iv) $9.8 million in preferred unit accretion and other expenses of Series A preferred units, (v) a loss on debt extinguishment of $49.4 million, (vi) a loss on a lease termination of $0.7 million, (vii) a gain on litigation of $1.4 million, and (viii) an increase in deferred tax liability of $0.8 million.
Financial - Earnings Highlight
We are actively implementing plans that will bring higher value for our fuel ethanol in an effort to improve our overall margins and to add incremental income to the California Ethanol segment, including, the implementation of the Solar Microgrid System, the installation of the Zebrex ethanol dehydration system, the installation of mechanical vapor recompression, and other energy efficiency technologies.
Financial - Expense Highlight
Interest expense and debt related fees and amortization increased in the year ended December 31, 2022 due to higher variable interest rates and having higher debt balances by obtaining the Carbon Revolving line, Fuels Revolving line, and the construction loan with Greater Nevada Credit Union ("The Construction Loan").
Other - Other Highlight
Ethanol pricing is influenced by local and national production and inventory levels, imported ethanol, corn prices, and gasoline demand, and is determined pursuant to a marketing agreement with a single fuel marketing customer and is generally based on daily and monthly pricing for ethanol delivered to the San Francisco Bay Area, California, as published by Oil Price Information Service (OPIS), as well as quarterly contracts negotiated by our marketing company with local fuel blenders.
Other - Other
If the post restructuring effective...Read more
Financial - Expense
R&D expenses increased in the...Read more
Other - Other
As a result of negative...Read more
Financial - Expense
The increase in cost of...Read more
Financial - Expense
We consider the purchase of...Read more
Other - Other
The standard was effective for...Read more
Financial - Expense
Gross loss relates to incurring...Read more
Revenue - Product
Ethanol volume decreased from 59.8...Read more
Other - Other
Funding for continued construction is...Read more
Financial - Debt
Cash provided by financing activities...Read more
Financial - Expense
To the extent that we...Read more
Financial - Expense
Net changes in operating assets...Read more
Financial - Earnings
The increase in gross profit...Read more
Revenue - Product
Our revenue development strategy for...Read more
Revenue - Product
For the Kakinada Plant, we...Read more
Revenue - Product
The increase in revenues was...Read more
Financial - Expense
Factory overhead includes direct and...Read more
Financial - Expense
Property and Equipment Property, plant...Read more
Revenue - Product
The average sales price of...Read more
Other - Other
As of December 31, 2022,...Read more
Other - Other
Factors that could cause or...Read more
Financial - Expense
We operate in a volatile...Read more
Financial - Expense
For the Keyes Plant, we...Read more
Financial - Cash Flow
Significant management judgment is required...Read more
Financial - Cash Flow
To determine this, we calculate...Read more
Financial - Expense
The increase in SG&A expenses...Read more
Legal - Other
Gain on litigation arose from...Read more
Revenue - Product
We assessed the following criteria...Read more
Revenue - Product
The increase in revenues for...Read more
Financial - Expense
As a result, these charges...Read more
Financial - Expense
Other expense (income) consists primarily...Read more
Other - Other
This was partially offset by...Read more
Other - Other
We have elected to adopt...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

Aemetis, Inc provided additional information to their SEC Filing as exhibits

Exhibit 10.100: Material Contract

Exhibit 10.101: Material Contract

Exhibit 21: Subsidaries Of The Registrant

Exhibit 23: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Exhibit 32.2: Section 1350 Certification

Ticker: AMTX
CIK: 738214
Form Type: 10-K Annual Report
Accession Number: 0001437749-23-005872
Submitted to the SEC: Thu Mar 09 2023 8:31:38 AM EST
Accepted by the SEC: Thu Mar 09 2023
Period: Saturday, December 31, 2022
Industry: Industrial Organic Chemicals