XML 33 R19.htm IDEA: XBRL DOCUMENT v3.10.0.1
Note 14 - Segments
 6 Months Ended
Jun. 30, 2018
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
14.
Segments
 
The Company has determined that it has
two
operating segments: (i) Gevo segment; and (ii) Gevo Development/Agri-Energy segment. The Company organizes its business segments based on the nature of the products and services offered through each of the Company's consolidated legal entities. Transactions between segments are eliminated in consolidation.
 
Gevo Segment
. The Gevo segment is responsible for all research and development activities related to the future production of isobutanol, including the development of the Company's proprietary biocatalysts, the production and sale of biojet fuel, the Company's retrofit process and the next generation of chemicals and biofuels that will be based on the Company's isobutanol technology. The Gevo segment also develops, maintains and protects the Company's intellectual property portfolio, develops future markets for the Company's isobutanol and provides corporate oversight services.
 
Gevo Development/Agri-Energy Segment
. The Gevo Development/Agri-Energy segment is currently responsible for the operation of the Company's Luverne Facility and the production of ethanol, isobutanol and related products.
 
The tables below present revenues, loss from operations, interest expense, depreciation expense and acquisitions of plant, property and equipment by segment, in thousands.
 
   
Three
Months Ended June 30,
    
Six Months Ended June 30,
  
   
2018
    
2017
    
2018
    
2017
  
Revenues:
                                
Gevo
   $
607
     $
660
     $
632
     $
749
  
Gevo Development / Agri-Energy
    
8,813
      
6,882
      
17,031
      
12,408
  
Consolidated
   $
9,420
     $
7,542
     $
17,663
     $
13,157
  
                                 
Loss from operations:
                                
Gevo
   $
(2,315
)
   $
(3,091
)
   $
(4,791
)
   $
(6,156
)
Gevo Development / Agri-Energy
    
(2,064
)
    
(3,086
)
    
(4,587
)
    
(7,205
)
Consolidated
   $
(4,379
)
   $
(6,177
)
   $
(9,378
)
   $
(13,361
)
                                 
Interest expense:
                                
Gevo
   $
904
     $
630
     $
1,729
     $
1,341
  
Gevo Development / Agri-Energy
    
-
      
-
      
-
      
-
  
Consolidated
   $
904
     $
630
     $
1,729
     $
1,341
  
                                 
Depreciation expense:
                                
Gevo
   $
76
     $
127
     $
160
     $
264
  
Gevo Development / Agri-Energy
    
1,563
      
1,538
      
3,125
      
3,077
  
Consolidated
   $
1,639
     $
1,665
     $
3,285
     $
3,341
  
                                 
Acquisitions of plant, property and equipment:
                                
Gevo
   $
2
     $
53
     $
2
     $
109
  
Gevo Development / Agri-Energy
    
54
      
265
      
121
      
882
  
Consolidated
   $
56
     $
318
     $
123
     $
991
  
 
   
June 30,
    
December
31,
  
   
2018
    
2017
  
Total assets (in thousands):
                
Gevo
   $
115,116
     $
87,507
  
Gevo Development / Agri-Energy
    
143,982
      
149,758
  
Intercompany eliminations
    
(143,068
)
    
(148,412
)
Consolidated
   $
116,030
     $
88,853