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Note 14 - Segments
 3 Months Ended
Mar. 31, 2020
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 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 our proprietary biocatalysts, the production and sale of bio jet 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 its intellectual property portfolio, develops future markets for its 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 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.
 
   
Three Months Ended March 31,
  
   
2020
    
2019
  
Revenues:
                
Gevo
   $
125
     $
739
  
Gevo Development / Agri-Energy
    
3,700
      
5,664
  
                 
Consolidated
   $
3,825
     $
6,403
  
                 
Loss from operations:
                
Gevo
   $
(2,881
 )   $
(2,673
)
Gevo Development / Agri-Energy
    
(5,095
 )    
(2,955
)
                 
Consolidated
   $
(7,976
 )   $
(5,628
)
                 
Interest expense:
                
Gevo
   $
543
     $
755
  
Gevo Development / Agri-Energy
    
2
      
—
  
                 
Consolidated
   $
545
     $
755
  
                 
Depreciation and amortization expense:
                
Gevo
   $
56
     $
51
  
Gevo Development / Agri-Energy
    
1,593
      
1,561
  
                 
Consolidated
   $
1,649
     $
1,612
  
                 
Acquisitions of plant, property and equipment:
                
Gevo
   $
10
     $
2
  
Gevo Development / Agri-Energy
    
791
      
2,202
  
                 
Consolidated
   $
801
     $
2,204
  
                 
Revenue by geographic area                
United States   $
3,750
     $
5,664
  
Other    
75
      
739
  
                 
Consolidated   $
3,825
     $
6,403
  
 
 
 
   
March 31,
    
December 31,
  
   
2020
    
2019
  
                 
Total assets
                
Gevo
   $
80,279
     $
91,861
  
Gevo Development / Agri-Energy
    
140,293
      
143,349
  
Intercompany eliminations (1)
    
(136,410
 )    
(141,851
)
                 
Consolidated (2)
   $
84,162
     $
93,359
  
 
 
(
1
)
Includes intercompany sales of
$0.1
 million during the
three
months ended
March 31, 2020
and
$0.4
million for the year ended
December 31, 2019 
for hydrocarbon sales.
 
(
2
)
All other significant non-cash items relate to the activities of Gevo.