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Note 14 - Segments
 6 Months Ended
Jun. 30, 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 June 30,
    
Six Months Ended June 30,
  
   
2020
    
2019
    
2020
    
2019
 
Revenues:
                                
Gevo
   $
897
     $
92
     $
1,022
     $
831
  
Gevo Development / Agri-Energy
    
91
      
4,994
      
3,791
      
10,658
  
                                 
Consolidated
   $
988
     $
5,086
     $
4,813
     $
11,489
  
                                 
Loss from operations:
                                
Gevo
   $
(2,808
 )   $
(2,960
)
   $
(5,689
 )   $
(5,633
 )
Gevo Development / Agri-Energy
    
(2,449
 )    
(3,533
)
    
(7,544
 )    
(6,488
 )
                                 
Consolidated
   $
(5,257
 )   $
(6,493
)
   $
(13,233
 )   $
(12,121
 )
                                 
Interest expense:
                                
Gevo
   $
538
     $
767
     $
1,081
     $
1,522
  
Gevo Development / Agri-Energy
    
3
      
—
      
5
      
—
  
                                 
Consolidated
   $
541
     $
767
     $
1,086
     $
1,522
  
                                 
Depreciation and amortization expense:
                                
Gevo
   $
50
     $
50
     $
106
     $
102
  
Gevo Development / Agri-Energy
    
1,579
      
1,559
      
3,172
      
3,119
  
                                 
Consolidated
   $
1,629
     $
1,609
     $
3,278
     $
3,221
  
                                 
Acquisitions of plant, property and equipment:
                                
Gevo
   $
69
     $
62
     $
79
     $
62
  
Gevo Development / Agri-Energy
    
428
      
1,877
      
1,219
      
4,081
  
                                 
Consolidated
   $
497
     $
1,939
     $
1,298
     $
4,143
  
                                 
Revenue by geographic area                                
United States   $
91
     $
4,994
     $
3,841
     $
10,658
  
Other    
897
      
92
      
972
      
831
  
                                 
Consolidated   $
988
     $
5,086
     $
4,813
     $
11,489
  
 
 
June 30
,
    
December 31,
  
   
2020
    
2019
  
                 
Total assets
                
Gevo
   $
76,800
     $
91,861
  
Gevo Development / Agri-Energy
    
138,872
      
143,349
  
Intercompany eliminations (1)
    
(135,571
 )    
(141,851
)
                 
Consolidated (2)
   $
80,101
     $
93,359
  
 
 
(
1
)
Includes intercompany sales of
$0.1
 million during the
six
months ended
June 30, 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.