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Note 14 - Segments
 3 Months Ended
Mar. 31, 2021
Notes to Financial Statements  
Segment Reporting Disclosure [Text Block]
14.
Segments
 
The Company's chief operating decision maker is provided with and reviews a monthly executive package which separately identifies its business segments based on the nature of the products and services offered through each of its consolidated legal entities. In
January 2021,
the Company began to separately identify the Renewal Natural Gas Segment and Net-Zero Segment in the monthly executive package. As such, the Company has determined that it has
four
 operating segments: (i) Gevo segment; (ii) Agri-Energy segment; (iii) Renewable Natural Gas segment; and (iv) Net-Zero segment. 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.
 
Agri-Energy Segment
. The Agri-Energy segment is currently responsible for the operation of the Company's Luverne Facility and the production of isobutanol, ethanol and related products.
 
Renewable Natural Gas
Segment.
The Renewable Natural Gas segment produces low-carbon methane from the manure of cows and pigs for the production of energy.
 
Net-Zero Segment. 
The Net-Zero segment is responsible for the production of energy dense liquid hydrocarbons using renewable energy and our proprietary technology. The concept of a Net-Zero Project is to convert renewable energy (photosynthetic, wind, renewable natural gas, biogas).
 
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. and Agri-Energy, LLC, as well as its Renewable Natural Gas and Net-Zero projects. The Company organizes its business segments based on the nature of the products and services offered through each of its consolidated legal entities. Substantially all revenue is earned and all assets are held in the U.S.
 
   
Three Months Ended March 31,
  
   
2021
    
2020
  
Revenues:
                
Gevo   $
13
     $
125
  
Agri-Energy
    
80
      
3,700
  
Renewable Natural Gas
    
—
      
—
  
Net-Zero    
—
      
—
  
                 
Consolidated
   $
93
     $
3,825
  
                 
Loss from operations:
                
Gevo
   $
(5,104
 )   $
(2,881
 )
Agri-Energy
    
(2,047
 )    
(4,939
 )
Renewable Natural Gas    
(68
 )    
(156
 )
Net-Zero    
(2,659
 )    
—
  
                 
Consolidated
   $
(9,878
 )   $
(7,976
 )
                 
Interest expense:
                
Gevo
   $
—
     $
543
  
Agri-Energy
    
—
      
2
  
Renewable Natural Gas    
5
      
—
  
Net-Zero    
—
      
—
  
                 
Consolidated
   $
5
     $
545
  
                 
Depreciation and amortization expense:
                
Gevo
   $
56
     $
56
  
Agri-Energy
    
1,093
      
1,593
  
Renewable Natural Gas    
—
      
—
  
Net-Zero    
—
      
—
  
                 
Consolidated
   $
1,149
     $
1,649
  
                 
Acquisitions of plant, property and equipment:
                
Gevo
   $
253
     $
10
  
Agri-Energy
    
10
      
791
  
Renewable Natural Gas    
5,169
      
—
  
Net-Zero    
—
      
—
  
                 
Consolidated
   $
5,432
     $
801
  
                 
Revenue by geographic area                
United States   $
93
     $
3,750
  
Other    
—
      
75
  
                 
Consolidated   $
93
     $
3,825
  
 
 
   
March 31,
    
December 31,
  
   
2021
    
2020
  
                 
Total assets
                
Gevo
   $
595,834
     $
152,177
  
Agri-Energy
    
129,523
      
131,893
  
Renewable Natural Gas    
12,748
      
—
Net-Zero    
110
      
—
  
Intercompany eliminations (1)
    
(129,487
 )    
(131,971
 )
                 
Consolidated (2)
   $
608,728
     $
152,099
  
 
 
(
1
)
Includes
no
intercompany sales during the
three
months ended
March 31, 2021
and
$0.1
million for the year ended
December 31, 2020
for hydrocarbon sales.
 
(
2
)
All other significant non-cash items relate to the activities of Gevo.