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Note 16 - Segments
 12 Months Ended
Dec. 31, 2019
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
16
. Segments
 
The Company has determined that it has
two
operating segments: (i) Gevo, Inc. 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 its 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 renewable jet and other fuels, the 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 its intellectual property portfolio, develops future markets for its isobutanol and provides corporate oversight services.
 
Gevo Development/Agri-Energy
. The Gevo Development/Agri-Energy segment is currently responsible for the operation of the Luverne Facility and the production of ethanol, isobutanol and related products.
 
The Company’s chief operating decision maker is provided with and reviews the financial results of each of the Company’s consolidated legal entities, Gevo, Inc., Gevo Development, LLC and Agri-Energy, LLC. The Company organizes its business segments based on the nature of the products and services offered through each of its consolidated legal entities. All revenue is earned and all assets are held in the U.S.
 
   
Year Ended December 31,
   
201
9
    
201
8
  
   
(In thousands)
Revenues from external customers
                
Gevo
   $
2,338
     $
1,222
  
Gevo Development / Agri-Energy
    
22,149
      
31,641
  
                 
Consolidated
   $
24,487
     $
32,863
  
                 
Loss from operations
                
Gevo
   $
(12,360
 )   $
(11,552
)
Gevo Development / Agri-Energy
    
(13,991
 )    
(10,649
)
                 
Consolidated
   $
(26,351
 )   $
(22,201
)
                 
Interest expense
                
Gevo
   $
2,732
     $
3,237
  
Gevo Development / Agri-Energy
    
—
      
—
  
                 
Consolidated
   $
2,732
     $
3,237
  
                 
Depreciation and amortization expense
                
Gevo
   $
210
     $
269
  
Gevo Development / Agri-Energy
    
6,446
      
6,251
  
                 
Consolidated
   $
6,656
     $
6,520
  
                 
Acquisitions of plant, property and equipment
                
Gevo
   $
130
     $
27
  
Gevo Development / Agri-Energy
    
6,367
      
3,096
  
                 
Consolidated
   $
6,497
     $
3,123
  
                 
Revenue by geographic area                
United States   $
22,149
     $
31,641
  
Other    
2,338
      
1,222
  
                 
Consolidated   $
24,487
     $
32,863
  
 
   
December 31,
  
   
201
9
    
201
8
  
Total assets
                
Gevo
   $
91,861
     $
105,379
  
Gevo Development / Agri-Energy
    
143,349
      
140,982
  
Intercompany eliminations (1)
    
(141,851
 )    
(139,326
)
                 
Consolidated (2)
   $
93,359
     $
107,035
  
 
 
(
1
)
Includes intercompany sales of
$0.4
 million and
$0.1
million during the years ended
December 31, 2019
and
2018,
respectively, for hydrocarbon sales.
 
(
2
)
All other significant non-cash items relate to the activities of Gevo.