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Note 14 - Segments
 9 Months Ended
Sep. 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 September 30,
    
Nine Months Ended September 30,
  
   
2020
    
2019
    
2020
    
2019
 
Revenues:
                                
Gevo
   $
176
     $
550
     $
1,198
     $
1,381
  
Gevo Development / Agri-Energy
    
16
      
5,560
      
3,807
      
16,218
  
                                 
Consolidated
   $
192
     $
6,110
     $
5,005
     $
17,599
  
                                 
Loss from operations:
                                
Gevo
   $
(3,831
 )   $
(3,830
 )   $
(9,896
 )   $
(9,463
 )
Gevo Development / Agri-Energy
    
(2,272
 )    
(4,173
 )    
(9,440
 )    
(10,661
 )
                                 
Consolidated
   $
(6,103
 )   $
(8,003
 )   $
(19,336
 )   $
(20,124
 )
                                 
Interest expense:
                                
Gevo
   $
465
     $
605
     $
1,546
     $
2,127
  
Gevo Development / Agri-Energy
    
8
      
—
      
13
      
—
  
                                 
Consolidated
   $
473
     $
605
     $
1,559
     $
2,127
  
                                 
Depreciation and amortization expense:
                                
Gevo
   $
53
     $
50
     $
159
     $
152
  
Gevo Development / Agri-Energy
    
1,423
      
1,578
      
4,595
      
4,697
  
                                 
Consolidated
   $
1,476
     $
1,628
     $
4,754
     $
4,849
  
                                 
Acquisitions of plant, property and equipment:
                                
Gevo
   $
—
     $
—
     $
79
     $
62
  
Gevo Development / Agri-Energy
    
106
      
781
      
1,325
      
4,862
  
                                 
Consolidated
   $
106
     $
781
     $
1,404
     $
4,924
  
                                 
Revenue by geographic area                                
United States   $
12
     $
5,560
     $
3,853
     $
16,218
  
Other    
180
      
550
      
1,152
      
1,381
  
                                 
Consolidated   $
192
     $
6,110
     $
5,005
     $
17,599
  
 
 
   
September 30
,
    
December 31,
  
   
2020
    
2019
  
                 
Total assets
                
Gevo
   $
152,762
     $
91,861
  
Gevo Development / Agri-Energy
    
133,790
      
143,349
  
Intercompany eliminations (1)
    
(133,065
 )    
(141,851
)
                 
Consolidated (2)
   $
153,487
     $
93,359
  
 
 
(
1
)
Includes intercompany sales of
$0.1
 million during the
nine
months ended
September 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.