XML 25 R16.htm IDEA: XBRL DOCUMENT v3.22.1
Inventories
 3 Months Ended
Mar. 31, 2022
Inventory Disclosure [Abstract]  
Inventories Inventories
The following table sets forth the components of the Company’s inventory balances (in thousands):
 March 31, 2022December 31, 2021
Raw materials  
Corn$223 $301 
Enzymes and other inputs108 183 
Nutrients2 3 
Palladium203 265 
Finished goods
SAF, Isooctane and Isooctene501 335 
Isobutanol181 223 
Ethanol82 96 
Work in process
Agri-Energy84 83 
Gevo51 — 
Spare parts1,300 1,262 
Total inventories$2,735 $2,751 
Work in process inventory includes unfinished SAF, isooctane and isooctene inventory.
During the three months ended March 31, 2022, the Company adjusted its finished goods and work in process inventory to net realizable value and recorded a $2.9 million loss in cost of goods sold. There were no net realizable losses recorded during the three months ended March 31, 2021, as the Luverne Facility was temporarily shut down due to the COVID-19 pandemic.