Gevo, Inc(NASDAQ:GEVO)

Gevo, Inc. operates as a renewable fuels company. The company commercializes gasoline, jet fuel, and diesel fuel to achieve zero carbon emissions, and reduce greenhouse gas emissions with sustainable alternatives. Its products also include renewable biodiesel, isooctane, isobutanol, sustainable avia...
Website: http://www.gevo.com
Founded: 2005
Full Time Employees: 53
CEO: Patrick R. Gruber
Sector: Basic Materials
Industry: Specialty Chemicals
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Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-06-09 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 |
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total operating revenues | 28,808,000 | 42,710,000 | 43,413,000 | 29,109,000 | 5,700,000 | 1,965,000 | 5,260,000 | 3,990,000 | 4,374,000 | 4,528,000 | 4,238,000 | 4,060,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of production | 24,245,000 | 22,285,000 | 17,265,000 | 21,446,000 | 3,448,000 | 2,544,000 | 3,423,000 | 2,587,000 | 3,155,000 | 2,480,000 | 1,931,000 | 4,425,000 | 3,456,000 | 318,000 | 2,640,000 | 3,090,000 | ||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 5,084,000 | 7,404,000 | 7,213,000 | 5,622,000 | 6,076,000 | 3,494,000 | 4,277,000 | 4,451,000 | 4,684,000 | 4,994,000 | 4,754,000 | 4,575,000 | 4,458,000 | 1,250,000 | 1,088,000 | 1,091,000 | ||||||||||||||||||||||||||||||||||||||||||||||
research and development expense | 1,291,000 | 1,273,000 | 934,000 | 1,052,000 | 1,274,000 | 1,113,000 | 1,641,000 | 1,548,000 | 1,921,000 | 1,558,000 | 1,960,000 | 1,198,000 | 2,707,000 | 1,562,000 | 1,966,000 | 1,192,000 | 2,452,000 | 1,541,000 | 1,404,000 | 1,378,000 | 1,959,000 | 870,000 | 677,000 | 580,000 | 308,000 | 1,789,000 | 945,000 | 978,000 | 1,865,000 | 1,469,000 | 789,000 | 864,000 | 1,210,000 | 1,891,000 | 1,217,000 | 1,546,000 | 1,156,000 | 1,469,000 | 1,044,000 | 1,596,000 | 1,527,000 | |||||||||||||||||||||
general and administrative expense | 17,686,000 | 11,647,000 | 10,783,000 | 11,084,000 | 10,456,000 | 11,679,000 | 11,513,000 | 12,150,000 | 10,737,000 | 10,522,000 | 10,608,000 | 10,761,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
project development costs | 2,593,000 | 3,229,000 | 831,000 | 5,002,000 | -1,482,000 | 6,593,000 | 7,736,000 | 5,319,000 | 4,097,000 | 4,789,000 | 2,887,000 | 2,959,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition related costs | -90,000 | 90,000 | 4,438,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
facility idling costs | -191,000 | 472,000 | 591,000 | 604,000 | 642,000 | 550,000 | 699,000 | 1,076,000 | 1,117,000 | 911,000 | 1,013,000 | 999,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 47,527,000 | 46,400,000 | 37,617,000 | 49,248,000 | 25,346,000 | 25,973,000 | 29,289,000 | 27,131,000 | 25,711,000 | 25,254,000 | 23,153,000 | 24,917,000 | 38,493,000 | 40,080,000 | 12,476,000 | 12,006,000 | 12,637,000 | 11,372,000 | 16,650,000 | 7,977,000 | 5,570,000 | 4,035,000 | 3,601,000 | 3,662,000 | 3,688,000 | 4,220,000 | 3,127,000 | 3,070,000 | 4,055,000 | 3,106,000 | 2,659,000 | 2,145,000 | 3,103,000 | 4,014,000 | 3,390,000 | 4,174,000 | 3,429,000 | 3,616,000 | 2,963,000 | 4,882,000 | 6,662,000 | 5,557,000 | 6,201,000 | 7,539,000 | 7,293,000 | 8,484,000 | 9,145,000 | 9,649,000 | 12,144,000 | 12,107,000 | 204,130,000 | 140,950,000 | 18,909,000 | 14,263,000 | 146,874,000 | -94,965,000 | -12,798,000 | -12,529,000 | -8,500,000 | |||
income from operations | -2,179,000 | -3,690,000 | 5,796,000 | -20,139,000 | -19,646,000 | -24,008,000 | -24,029,000 | -23,141,000 | -21,337,000 | -20,726,000 | -18,915,000 | -20,857,000 | -26,947,000 | -43,669,000 | -16,115,000 | -15,955,000 | -16,478,000 | -14,712,000 | -19,022,000 | -9,878,000 | -6,999,000 | -6,103,000 | -5,257,000 | -7,976,000 | -6,227,000 | -8,003,000 | -6,493,000 | -5,628,000 | -6,108,000 | -4,379,000 | -4,999,000 | -4,808,000 | -5,113,000 | -6,177,000 | -7,182,000 | -6,493,000 | -6,135,000 | -5,492,000 | -5,866,000 | -6,586,000 | -9,274,000 | -6,531,000 | -9,536,000 | -8,911,000 | -8,912,000 | -9,032,000 | -12,922,000 | -13,002,000 | -15,763,000 | -13,864,000 | -204,961,000 | -133,683,000 | -24,426,000 | -15,746,000 | -138,858,000 | -89,069,000 | -11,524,000 | -11,633,000 | -8,412,000 | |||
yoy | -88.91% | -84.63% | -124.12% | -12.97% | -7.93% | 15.84% | 27.04% | 10.95% | -20.82% | -52.54% | 17.38% | 30.72% | 63.53% | 196.83% | -15.28% | 61.52% | 135.43% | 141.06% | 261.84% | 23.85% | 12.40% | -23.74% | -19.04% | 41.72% | 31.02% | 48.28% | 12.58% | 19.46% | -29.11% | -30.40% | -25.95% | -16.66% | 12.47% | 22.43% | -1.41% | -33.85% | -15.91% | -38.49% | -26.09% | 4.06% | -27.69% | -26.20% | -31.46% | -43.46% | -34.85% | -93.66% | -88.21% | -43.24% | 47.60% | 50.09% | 111.96% | 35.36% | 1550.71% | |||||||||
qoq | -40.95% | -163.66% | -128.78% | 2.51% | -18.17% | -0.09% | 3.84% | 8.45% | 2.95% | 9.57% | -9.31% | -22.60% | -38.29% | 170.98% | 1.00% | -3.17% | 12.00% | -22.66% | 92.57% | 41.13% | 14.68% | 16.09% | -34.09% | 28.09% | -22.19% | 23.26% | 15.37% | 39.48% | -12.40% | 3.97% | -5.97% | -17.23% | -13.99% | 10.61% | 5.84% | 11.71% | -6.38% | -10.93% | -28.98% | 42.00% | -31.51% | 7.01% | -0.01% | -1.33% | -30.10% | -0.62% | -17.52% | 13.70% | 53.32% | 447.30% | 55.13% | -88.66% | 55.90% | 672.90% | -0.94% | 38.29% | ||||||
operating margin % | -Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -17109.21% | -14132.36% | -18106.74% | -6877.16% | -30514.81% | -10360.56% | -4507.58% | -10621.51% | -1318.08% | -3178.65% | -532.09% | -208.52% | -90.40% | -130.98% | -127.66% | -87.90% | NaN% | -71.23% | -46.49% | -60.65% | -71.98% | -66.41% | -81.90% | -127.88% | -111.26% | -88.35% | -67.69% | -92.82% | -90.26% | -115.68% | -73.18% | -161.65% | -93.79% | -87.88% | -116.98% | -1431.01% | -767.08% | -1398.67% | -745.78% | NaN% | -186.13% | -158.93% | -4346.26% | -224.08% | -143.06% | -255.45% | -65.83% | -80.05% | -55.05% | |
other income | -144,000 | 332,000 | -44,000 | -110,000 | -5,000 | 116,000 | -3,000 | 215,000 | -1,601,000 | 305,000 | -7,000 | 711,000 | 188,000 | -279,000 | 2,878,000 | 32,000 | -437,000 | 393,000 | 91,000 | -121,000 | -532,000 | 36,000 | -13,000 | 30,000 | 4,000 | -9,000 | 20,000 | -3,000 | 8,000 | 20,000 | 6,000 | 8,000 | 1,000 | 206,000 | 6,000 | 2,000 | 11,000 | 1,000 | -2,000 | 9,000 | 14,000 | 24,000 | 43,000 | 832,000 | 766,000 | -1,000 | ||||||||||||||||
interest expense | -4,714,000 | -5,207,000 | -4,345,000 | -3,294,000 | -1,117,000 | -1,107,000 | -1,113,000 | -542,000 | -546,000 | -540,000 | -536,000 | -539,000 | -451,000 | -712,000 | -2,000 | -2,000 | -173,000 | -67,000 | -6,000 | -5,000 | -535,000 | -473,000 | -541,000 | -545,000 | -605,000 | -605,000 | -767,000 | -755,000 | -767,000 | -904,000 | -825,000 | -799,000 | -811,000 | -630,000 | -714,000 | -1,340,000 | -2,100,000 | -2,246,000 | -2,151,000 | -2,057,000 | -2,121,000 | -2,029,000 | -2,035,000 | -2,028,000 | -2,017,000 | -2,609,000 | -1,601,000 | -1,980,000 | -1,733,000 | -2,312,000 | -18,193,000 | -10,756,000 | -2,624,000 | -450,000 | -851,000 | -892,000 | ||||||
interest and investment income | 1,029,000 | 988,000 | 1,322,000 | 1,770,000 | 3,161,000 | 3,843,000 | 4,143,000 | 4,593,000 | 5,007,000 | 5,261,000 | 5,038,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
total other income | -3,829,000 | -3,887,000 | -3,067,000 | -1,634,000 | 2,039,000 | 2,852,000 | 3,027,000 | 4,266,000 | 2,860,000 | 5,026,000 | 4,495,000 | 3,239,000 | 1,560,000 | -117,000 | 2,954,000 | 282,000 | -35,000 | 332,000 | 769,000 | -179,000 | -11,055,000 | -733,000 | -786,000 | -1,277,000 | -588,000 | -616,000 | 422,000 | 960,000 | -3,981,000 | 1,248,000 | 4,204,000 | -3,714,000 | -15,995,000 | 2,261,000 | -1,376,000 | 2,755,000 | -7,839,000 | 2,193,000 | 200,000 | 7,974,000 | -8,124,000 | 950,000 | -4,327,000 | -122,000 | -1,358,000 | -5,469,000 | -10,842,000 | 12,375,000 | -431,000 | -11,797,000 | ||||||||||||
net income | -6,008,000 | -7,577,000 | 2,729,000 | -21,773,000 | -17,607,000 | -21,156,000 | -21,002,000 | -18,875,000 | -18,477,000 | -15,700,000 | -14,420,000 | -17,618,000 | -25,387,000 | -43,786,000 | -13,161,000 | -15,673,000 | -16,513,000 | -14,380,000 | -18,253,000 | -10,057,000 | -18,054,000 | -6,836,000 | -6,043,000 | -9,253,000 | -6,815,000 | -8,619,000 | -7,090,000 | -6,136,000 | -6,880,000 | -11,492,000 | -2,502,000 | -4,386,000 | -4,153,000 | -10,158,000 | -5,934,000 | -2,289,000 | -9,849,000 | -21,487,000 | -3,605,000 | -7,962,000 | -6,519,000 | -14,370,000 | -7,343,000 | -11,079,000 | -938,000 | -17,156,000 | -11,972,000 | -17,329,000 | -15,885,000 | -15,222,000 | -210,430,000 | -144,525,000 | -12,051,000 | -16,177,000 | -150,655,000 | -97,294,000 | -12,305,000 | -12,466,000 | -9,283,000 | |||
yoy | -65.88% | -64.19% | -112.99% | 15.35% | -4.71% | 34.75% | 45.64% | 7.13% | -27.22% | -64.14% | 9.57% | 12.41% | 53.74% | 204.49% | -27.90% | 55.84% | -8.54% | 110.36% | 202.05% | 8.69% | 164.92% | -20.69% | -14.77% | 50.80% | 25.28% | -38.30% | 145.24% | 65.66% | 13.13% | -57.84% | 91.61% | -57.83% | -52.72% | 64.60% | -71.25% | 51.08% | 49.53% | -50.91% | -28.13% | 594.99% | -16.24% | -38.67% | -36.07% | -94.10% | 12.71% | -91.76% | -89.01% | 26.31% | 39.68% | 48.54% | -2.06% | 29.77% | 1522.91% | |||||||||
qoq | -20.71% | -377.65% | -112.53% | 23.66% | -16.78% | 0.73% | 11.27% | 2.15% | 17.69% | 8.88% | -18.15% | -30.60% | -42.02% | 232.70% | -16.03% | -5.09% | 14.83% | -21.22% | 81.50% | -44.29% | 164.10% | 13.12% | -34.69% | 35.77% | -20.93% | 21.57% | 15.55% | -40.13% | 359.31% | -42.95% | 5.61% | -59.12% | 71.18% | 159.24% | -76.76% | -54.16% | 496.03% | -54.72% | 22.14% | -54.63% | 95.70% | -33.72% | 1081.13% | -94.53% | 43.30% | -30.91% | 9.09% | 4.36% | 45.60% | 1099.28% | -25.51% | -89.26% | 54.85% | 690.69% | -1.29% | 34.29% | ||||||
net income margin % | -Infinity% | -Infinity% | Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -Infinity% | -16118.73% | -14170.23% | -14787.64% | -6755.60% | -30579.63% | -10126.76% | -4325.36% | -10813.98% | -3400.00% | -3560.42% | -611.64% | -241.91% | -98.94% | -141.06% | -139.40% | -95.83% | NaN% | -80.23% | -122.00% | -30.35% | -65.66% | -53.94% | -134.69% | -105.66% | -39.22% | -141.83% | -264.85% | -57.04% | -109.11% | -81.31% | -161.03% | -124.48% | -116.61% | -9.25% | -222.20% | -1325.80% | -1022.36% | -1409.49% | -818.83% | NaN% | -191.10% | -171.82% | -2144.31% | -230.21% | -155.22% | -279.04% | -70.29% | -85.78% | -60.75% | |
net income attributable to redeemable non-controlling interest | 290,000 | 377,000 | 585,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to gevo, inc. | -6,884,500 | -7,954,000 | 2,144,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | -0.02 | -0.03 | 0.01 | -0.09 | -0.09 | -0.09 | -0.09 | -0.08 | -0.08 | -0.07 | -0.06 | -0.07 | -0.1 | -0.19 | -0.06 | -0.08 | -0.08 | -0.07 | -0.09 | -0.05 | -0.09 | -0.09 | -0.4 | -0.64 | -0.48 | -0.66 | -0.6 | -0.6 | -0.85 | -7.19 | -0.11 | -0.11 | -0.25 | -0.66 | -0.51 | -9.06 | -0.1 | -0.44 | -0.16 | -0.36 | -0.39 | -1.1 | -0.88 | -0.1 | -0.01 | -0.25 | -0.18 | -0.34 | -0.34 | -0.35 | -0.39 | -0.31 | -0.62 | -0.403 | -0.48 | -0.48 | -0.76 | |||||
weighted-average common shares outstanding - basic and diluted | 234,008,574 | 232,684,017 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding - basic | 232,945,048 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average common shares outstanding - diluted | 236,839,117 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to redeemable non-controlling interest | -45,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to gevo, inc. | -21,728,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding - basic and diluted | 232,027,993 | 231,674,716 | 239,445,900 | 239,014,435 | 240,844,334 | 238,687,621 | 239,537,811 | 237,417,618 | 237,260,681 | 221,537,262 | 236,649,805 | 209,809,994 | 201,925,747 | 195,794,606 | 199,341,519 | 198,137,420 | 183,566,524 | 56,881,586 | 77,049,896 | 15,071,105 | 14,472,798 | 12,177,906 | 12,968,265 | 11,885,524 | 10,153,873 | 4,876,897 | 8,087,397 | 1,597,242 | 22,534,727 | 16,295,937 | 16,508,158 | 15,372,485 | 11,584,595 | 3,847,421 | 96,753,965 | 49,085,638 | 23,016,329 | 14,025,048 | 16,688,632 | 13,009,434 | 8,312,398 | 80,492,432,000 | 87,121,184 | 67,969,811 | 67,760,721 | 45,071,618 | 26,242,940 | |||||||||||||||
impairment loss | 24,749,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment income | 3,067,000 | 1,839,000 | 874,000 | 78,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenue and cost of goods sold | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ethanol sales and related products | 60,000 | 71,000 | 169,000 | 34,000 | 16,000 | 5,000 | 21,000 | 83,000 | 3,700,000 | 5,931,000 | 5,554,000 | 4,966,000 | 5,664,000 | 8,071,000 | 8,813,000 | 8,218,000 | 6,570,000 | 7,376,000 | 6,839,000 | 5,494,000 | 5,325,000 | 6,363,000 | 7,168,000 | 5,757,000 | 6,521,000 | 7,551,000 | 7,955,000 | 5,098,000 | 8,830,000 | 9,197,000 | 5,522,000 | 98,415,000 | 78,507,000 | 5,650,000 | 92,765,000 | 31,759,000 | 17,318,000 | 14,321,000 | 15,109,000 | |||||||||||||||||||||||
hydrocarbon revenue | 20,250 | 18,000 | 63,000 | 20,000 | 104,000 | 346,000 | 13,000 | 416,000 | 101,000 | 859,000 | 125,000 | 957,000 | 550,000 | 92,000 | 739,000 | 504,000 | 607,000 | 45,000 | 235,000 | 660,000 | 90,000 | 467,000 | 451,000 | 713,000 | 298,000 | 245,000 | 192,000 | 740,000 | 517,000 | 523,000 | 778,000 | 2,018,000 | 630,000 | |||||||||||||||||||||||||||||
renewable natural gas commodity | 77,250 | 309,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenues | 157,500 | 309,000 | 89,000 | 232,000 | 54,000 | 142,000 | 422,000 | 93,000 | 531,000 | 192,000 | 988,000 | 3,825,000 | 6,888,000 | 6,110,000 | 5,086,000 | 6,403,000 | 8,575,000 | 9,420,000 | 8,243,000 | 6,680,000 | 7,699,000 | 7,542,000 | 5,616,000 | 5,836,000 | 6,944,000 | 8,113,000 | 6,320,000 | 7,297,000 | 8,017,000 | 8,924,000 | 5,899,000 | 9,501,000 | 10,141,000 | 7,721,000 | 903,000 | 1,695,000 | 1,127,000 | 1,859,000 | 110,116,000 | 84,112,000 | 562,000 | 7,027,000 | 97,060,000 | 34,868,000 | 17,506,000 | 14,533,000 | 15,281,000 | |||||||||||||||
yoy | 191.67% | 117.61% | -78.91% | 149.46% | -89.83% | -26.04% | -57.29% | -97.57% | -92.29% | -96.86% | -80.57% | -40.26% | -28.75% | -46.01% | -22.32% | 11.38% | 24.90% | 46.78% | 14.46% | 10.87% | -7.04% | -11.14% | -20.02% | -13.38% | -9.09% | 7.14% | -23.20% | -20.94% | 15.58% | 553.27% | 460.53% | 799.82% | 315.33% | -98.46% | -98.66% | 230.78% | 13.45% | 141.23% | -96.79% | -51.65% | 535.17% | |||||||||||||||||||||
qoq | -49.03% | 247.19% | -61.64% | 329.63% | -61.97% | -66.35% | 353.76% | -82.49% | 176.56% | -80.57% | -74.17% | -44.47% | 12.73% | 20.13% | -20.57% | -8.97% | 14.28% | 23.40% | -13.24% | 2.08% | 34.29% | -3.77% | -15.96% | -14.41% | 28.37% | -13.39% | -8.98% | -10.16% | 51.28% | -37.91% | -6.31% | 31.34% | 755.04% | -46.73% | 50.40% | -39.38% | 30.92% | 14866.55% | -92.00% | -92.76% | 178.36% | 99.18% | 20.46% | -4.89% | ||||||||||||||||||
idle facility costs | 582,500 | 2,330,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total cost of goods sold | 2,750,250 | 3,898,000 | 3,728,000 | 4,181,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gross loss | -2,592,750 | -3,589,000 | -3,639,000 | -3,949,000 | -3,841,000 | -3,340,000 | -2,372,000 | -1,901,000 | -1,429,000 | -2,068,000 | -1,656,000 | -4,314,000 | -2,539,000 | -3,783,000 | -3,366,000 | -2,558,000 | -2,053,000 | -1,273,000 | -2,340,000 | -2,663,000 | -2,010,000 | -2,163,000 | -3,792,000 | -2,319,000 | -2,706,000 | -1,876,000 | -2,903,000 | -1,704,000 | -2,612,000 | -974,000 | -3,335,000 | -1,372,000 | -1,619,000 | -548,000 | -3,777,000 | -1,584,000 | -3,619,000 | -1,757,000 | -831,000 | |||||||||||||||||||||||
operating expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
selling, general and administrative expense | 7,301,250 | 11,144,000 | 9,209,000 | 9,367,000 | 7,466,000 | 9,335,000 | 4,820,000 | 3,872,000 | 3,611,000 | 3,215,000 | 2,919,000 | 2,783,000 | 3,380,000 | 2,431,000 | 2,182,000 | 2,092,000 | 2,190,000 | 1,637,000 | 1,870,000 | 1,281,000 | 1,893,000 | 2,123,000 | 2,173,000 | 2,628,000 | 2,273,000 | 2,147,000 | 1,919,000 | 3,286,000 | 5,135,000 | |||||||||||||||||||||||||||||||||
preliminary stage project costs | 434,000 | 915,000 | 314,000 | 507,000 | 2,069,000 | 313,000 | 5,472,000 | 2,727,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other operations | 953,500 | 1,303,000 | 601,000 | 589,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of assets | 183,000 | 4,954,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from change in fair value of derivative warrant liability | 4,000 | -1,000 | 6,000 | 43,000 | -53,000 | -31,000 | 1,000 | 7,000 | 13,000 | -2,000 | 2,000 | 1,000 | 5,000 | -3,517,000 | 477,000 | 3,259,000 | 5,248,000 | 2,938,000 | 4,719,000 | -7,247,000 | 167,000 | -242,000 | 4,173,000 | 1,321,000 | 1,278,000 | |||||||||||||||||||||||||||||||||||||
gain on forgiveness of sba loan | 641,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other revenue | 22,000 | 29,000 | 70,000 | 46,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and dividend income | 252,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of goods sold | -583,000 | 3,482,000 | 2,794,000 | 1,994,000 | 1,960,000 | 2,260,000 | 2,644,000 | 8,139,000 | 9,427,000 | 9,893,000 | 8,452,000 | 8,961,000 | 10,628,000 | 10,693,000 | 10,583,000 | 9,343,000 | 9,709,000 | 9,705,000 | 9,408,000 | 8,155,000 | 9,650,000 | 9,989,000 | 9,223,000 | 9,001,000 | 10,629,000 | 9,898,000 | 9,234,000 | 10,873,000 | 11,760,000 | 8,269,000 | 4,680,000 | 5,048,000 | 4,730,000 | 2,696,000 | 107,574,000 | 76,845,000 | 6,079,000 | 8,510,000 | 89,044,000 | -28,972,000 | -16,232,000 | -13,637,000 | -15,193,000 | |||||||||||||||||||
restructuring expenses | -50,000 | 5,000 | 299,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on forgiveness of sba loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(loss) on modification of 2020 notes | -6,000 | -57,000 | -669,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(loss) on conversion of 2020/21 notes to common stock | -1,373,000 | -543,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from change in fair value of 2020/21 notes embedded derivative liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
grant and other revenue | 76,000 | 80,000 | 6,000 | 28,000 | 25,000 | 65,000 | 88,000 | 43,000 | 32,000 | 44,000 | 130,000 | 232,000 | 265,000 | 531,000 | 274,000 | 229,000 | 284,000 | 148,000 | 166,000 | 181,000 | 273,000 | |||||||||||||||||||||||||||||||||||||||||
(loss) from change in fair value of 2020/21 notes embedded derivative liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from change in fair value of 2020/21 notes and 2020 notes embedded derivative liability | -8,578,000 | 247,000 | -176,000 | -100,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on exchange of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from change in fair value of 2020 notes embedded derivative | 148,000 | 246,000 | -7,000 | -511,000 | 2,858,000 | 1,229,000 | 2,184,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other expense | -597,000 | -508,000 | -772,000 | -7,113,000 | 2,497,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(loss) on exchange of debt | -2,181,000 | -21,000 | -1,233,250 | -3,969,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(loss) from change in fair value of the 2017 notes | -84,750 | -339,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(loss)/gain on extinguishment of warrant liability | -229,500 | 5,000 | -923,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(loss)/gain from change in fair value of derivative warrant liability | 1,276,500 | -413,000 | 2,260,000 | -1,042,750 | 1,154,000 | -10,573,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(loss) on issuance of equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income / | 6,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(loss) on extinguishment of warrant liablity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(loss) from change in fair value of 2020 notes embedded derivative | -1,662,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(loss) on exchange or conversion of debt | -964,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(loss)/gain on exchange or conversion of debt | -230,000 | -920,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(loss)/gain from change in fair value of the 2017 notes | -907,250 | -1,854,000 | -940,000 | -836,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on issuance of equity | -1,519,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(loss)/gain on conversion of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on conversion of debt | 71,250 | 285,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense - debt issue costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of warrant liability | 1,775,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from change in fair value of embedded derivatives of the 2022 notes | 1,480,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from change in fair value of the 2017 notes | 895,500 | 157,000 | 3,765,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
research and development | 1,765,000 | 1,722,000 | 2,706,000 | 3,723,000 | 3,586,000 | 4,105,000 | 3,899,000 | 5,476,000 | 5,828,000 | 81,626,000 | 61,571,000 | 5,401,000 | 4,723,000 | 62,174,000 | -43,404,000 | -5,211,000 | -5,338,000 | -3,266,000 | ||||||||||||||||||||||||||||||||||||||||||||
selling, general and administrative | 3,792,000 | 4,479,000 | 4,833,000 | 3,570,000 | 4,898,000 | 5,040,000 | 5,651,000 | 6,668,000 | 6,279,000 | 121,256,000 | 78,131,000 | 13,508,000 | 9,540,000 | 83,452,000 | -50,324,000 | -7,587,000 | -7,180,000 | -5,234,000 | ||||||||||||||||||||||||||||||||||||||||||||
gain from change in fair value of 2017 notes | -340,000 | 104,000 | 5,673,000 | -5,129,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from change in fair value of embedded derivative of the 2022 notes | 726,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
corn sales | 17,000 | 909,000 | 3,428,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of corn sales | 16,000 | 920,000 | 3,373,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other operating expenses | 1,248,000 | 1,248,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense - debt issuance costs | -3,000 | -581,000 | -3,185,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on conversion of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deemed dividend - amortization of beneficial conversion feature on series d-1 preferred stock | -3,872,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to gevo, inc. common stockholders | -7,516,500 | -938,000 | -17,156,000 | -11,972,000 | -17,329,000 | -15,885,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from change in fair value of embedded derivatives | 1,264,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
grant revenue, research and development program revenue and other revenue | 796,000 | 1,110,000 | 950,000 | 8,273,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from change in fair value of embedded derivative | 570,000 | 1,587,000 | 2,023,000 | 15,670,000 | 2,000,000 | 15,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | -509,500 | -1,112,000 | -926,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of warrant liabilities | -2,852,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deemed dividend—amortization of beneficial conversion feature on series d-1 preferred stock | -2,778,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding—basic and diluted | 46,052,867 | 43,371,992 | 38,547,441 | 25,870,060 | 25,852,185 | 13,744,337 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to gevo, inc. common stockholders | -15,222,000 | -214,302,000 | -148,397,000 | -12,051,000 | -16,177,000 | -154,527,000 | -100,072,000 | -12,305,000 | -12,466,000 | -10,377,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
grant revenue and research and development program revenue | 638,250 | 562,000 | 1,377,000 | 4,157,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
licensing revenue | 138,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gross (loss) margin | 7,267,000 | -5,517,000 | -1,483,000 | 8,016,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and other income | 19,000 | -9,666,000 | -6,038,000 | -798,000 | 18,000 | 50,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from change in fair value of warrant liabilities | -2,852,000 | -2,823,000 | -29,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deemed dividend—amortization of beneficial conversion feature on series d-1 convertible preferred stock | -3,872,000 | -1,094,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
revenues: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
grant revenue | 143,000 | 188,000 | 212,000 | 172,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gross margin | 5,896,000 | 1,274,000 | 896,000 | 88,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
yoy | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
qoq | 362.79% | 42.19% | 918.18% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gross margin % | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | NaN% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | NaN% | 0% | 0% | 0% | 0% | 0% | 16.91% | 7.28% | 6.17% | 0.58% | |
lease termination costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on abandonment or disposal of assets | -343,000 | -11,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income—net | -8,225,000 | -781,000 | -833,000 | -871,000 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 72,598,000 | 57,257,000 | 65,288,000 | 189,389,000 | 223,227,000 | 245,676,000 | 270,642,000 | 298,349,000 | 323,510,000 | 347,650,000 | 342,283,000 | 237,125,000 | 200,564,000 | 172,984,000 | 44,626,000 | 40,833,000 | 16,201,000 | 17,085,000 | 525,323,000 | 78,338,000 | 80,621,000 | 6,337,000 | 9,289,000 | 16,302,000 | 20,944,000 | 29,155,000 | 35,466,000 | 33,734,000 | 38,316,000 | 27,030,000 | 7,029,000 | 11,553,000 | 14,764,000 | 16,303,000 | 20,393,000 | 27,888,000 | 31,063,000 | 22,617,000 | 8,672,000 | 17,031,000 | 16,203,000 | 22,528,000 | 4,353,000 | 6,359,000 | 14,010,000 | 5,908,000 | 8,422,000 | 24,625,000 | 25,661,000 | 40,588,000 | 54,102,000 | 66,744,000 | 91,997,000 | 38,602,000 | 73,622,000 | 94,225,000 | 97,605,000 | 105,197,000 | 116,483,000 | 15,274,000 |
restricted cash | 28,770,000 | 69,644,000 | 1,489,000 | 1,489,000 | 1,489,000 | 1,489,000 | 77,248,000 | 77,759,000 | 71,201,000 | 1,032,000 | 1,032,000 | 1,024,000 | 5,894,000 | 16,216,000 | 25,032,000 | 49,804,000 | 57,645,000 | |||||||||||||||||||||||||||||||||||||||||||
trade accounts receivable | 7,742,000 | 11,025,000 | 11,746,000 | 2,411,000 | 1,411,000 | 2,282,000 | 2,488,000 | 2,623,000 | 2,242,000 | 1,011,000 | 855,000 | 476,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
inventories | 21,911,000 | 16,939,000 | 16,787,000 | 4,502,000 | 5,846,000 | 3,445,000 | 3,762,000 | 3,809,000 | 3,688,000 | 4,387,000 | 4,355,000 | 6,347,000 | 4,135,000 | 2,649,000 | 2,735,000 | 2,751,000 | 2,341,000 | 2,216,000 | 2,452,000 | 2,256,000 | 2,551,000 | 2,480,000 | 2,680,000 | 3,201,000 | 2,962,000 | 3,329,000 | 3,187,000 | 3,166,000 | 3,301,000 | 3,846,000 | 4,356,000 | 4,362,000 | 4,331,000 | 4,295,000 | 4,178,000 | 3,458,000 | 3,203,000 | 2,885,000 | 2,987,000 | 3,487,000 | 2,703,000 | 2,902,000 | 4,499,000 | 4,292,000 | 4,027,000 | 4,243,000 | 3,723,000 | 3,581,000 | 4,196,000 | 3,431,000 | 4,432,000 | 6,659,000 | 3,798,000 | 2,855,000 | 5,454,000 | 3,814,000 | 4,974,000 | 6,410,000 | 5,233,000 | 3,765,000 |
prepaid expenses and other current assets | 5,687,000 | 15,576,000 | 8,545,000 | 5,920,000 | 4,659,000 | 5,215,000 | 5,408,000 | 4,353,000 | 4,032,000 | 4,439,000 | 4,985,000 | 3,034,000 | 3,635,000 | 5,275,000 | 5,861,000 | 6,857,000 | 7,243,000 | 4,497,000 | 5,657,000 | 2,149,000 | 4,614,000 | 3,793,000 | 3,838,000 | 3,590,000 | 1,558,000 | 1,470,000 | 1,902,000 | 1,284,000 | 949,000 | 15,258,000 | 633,000 | 712,000 | 828,000 | 964,000 | 860,000 | 850,000 | 844,000 | 884,000 | 1,008,000 | 731,000 | 618,000 | 571,000 | 553,000 | 732,000 | 861,000 | 935,000 | 1,128,000 | 1,163,000 | 1,269,000 | 1,477,000 | 1,705,000 | 1,508,000 | 1,229,000 | 1,152,000 | 1,641,000 | 1,283,000 | 1,287,000 | 922,000 | 798,000 | 1,040,000 |
total current assets | 136,708,000 | 170,441,000 | 103,855,000 | 203,711,000 | 236,632,000 | 258,107,000 | 282,300,000 | 386,382,000 | 411,231,000 | 428,688,000 | 386,407,000 | 415,422,000 | 431,722,000 | 484,621,000 | 335,419,000 | 351,791,000 | 361,338,000 | 329,176,000 | 533,524,000 | 83,270,000 | 88,156,000 | 13,356,000 | 15,959,000 | 24,228,000 | 25,842,000 | 34,120,000 | 41,680,000 | 38,710,000 | 43,203,000 | 47,577,000 | 13,306,000 | 17,681,000 | 21,166,000 | 22,925,000 | 26,635,000 | 33,318,000 | 36,189,000 | 28,060,000 | 13,536,000 | 22,640,000 | 20,658,000 | 28,320,000 | 11,553,000 | 13,744,000 | 20,940,000 | 14,171,000 | 14,937,000 | 30,727,000 | 32,088,000 | 46,046,000 | 61,283,000 | 75,880,000 | 98,256,000 | 44,331,000 | 84,195,000 | 102,734,000 | 107,985,000 | 116,577,000 | 126,569,000 | 23,894,000 |
property, plant and equipment | 343,339,000 | 344,914,000 | 339,070,000 | 221,642,000 | 219,804,000 | 233,325,000 | 227,674,000 | 211,563,000 | 238,117,000 | 198,759,000 | 183,862,000 | 176,872,000 | 166,004,000 | 176,054,000 | 156,896,000 | 139,141,000 | 102,163,000 | 79,243,000 | 70,696,000 | 66,408,000 | 63,324,000 | 64,689,000 | 65,855,000 | 66,696,000 | 67,148,000 | 67,998,000 | 68,045,000 | 67,036,000 | 66,853,000 | 67,180,000 | 68,764,000 | 70,369,000 | 71,917,000 | 73,243,000 | 74,538,000 | 75,592,000 | 76,507,000 | 77,773,000 | 78,562,000 | 76,777,000 | 76,505,000 | 77,899,000 | 79,597,000 | 81,240,000 | 82,510,000 | 83,704,000 | 83,242,000 | 83,475,000 | 82,697,000 | 77,994,000 | 78,132,000 | 77,093,000 | 76,836,000 | 69,680,000 | 42,139,000 | |||||
operating right-of-use assets | 1,988,000 | 2,137,000 | 2,283,000 | 1,064,000 | 1,149,000 | 1,222,000 | 1,295,000 | 1,324,000 | 1,386,000 | 1,239,000 | 1,285,000 | 1,331,000 | 1,671,000 | 2,098,000 | 2,209,000 | 2,414,000 | 1,591,000 | 1,770,000 | ||||||||||||||||||||||||||||||||||||||||||
finance right-of-use assets | 1,047,000 | 1,201,000 | 1,540,000 | 1,877,000 | 2,236,000 | 2,306,000 | 208,000 | 210,000 | 212,000 | 215,000 | 217,000 | 219,000 | 27,012,000 | 27,477,000 | 26,887,000 | 27,297,000 | 27,665,000 | 27,491,000 | ||||||||||||||||||||||||||||||||||||||||||
intangible assets | 79,559,000 | 70,327,000 | 52,113,000 | 8,129,000 | 8,548,000 | 5,940,000 | 6,232,000 | 6,524,000 | 6,816,000 | 7,108,000 | 7,400,000 | 7,691,000 | 7,995,000 | 8,364,000 | 8,656,000 | 8,938,000 | 9,098,000 | |||||||||||||||||||||||||||||||||||||||||||
goodwill | 43,558,000 | 43,558,000 | 41,605,000 | 3,740,000 | 3,742,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposits and other assets | 72,002,000 | 69,539,000 | 69,179,000 | 75,623,000 | 63,524,000 | 48,859,000 | 45,949,000 | 44,319,000 | 11,759,000 | 31,980,000 | 32,787,000 | 21,994,000 | 18,165,000 | 5,741,000 | 5,631,000 | 2,331,000 | 2,329,000 | 2,361,000 | 4,508,000 | 921,000 | 507,000 | 556,000 | 848,000 | 935,000 | 978,000 | 1,675,000 | 1,738,000 | 1,289,000 | 1,310,000 | 1,273,000 | 803,000 | 803,000 | 803,000 | 803,000 | 803,000 | 803,000 | 803,000 | 803,000 | 803,000 | 803,000 | 803,000 | 803,000 | 803,000 | 803,000 | 853,000 | 883,000 | 1,335,000 | 1,352,000 | 1,402,000 | 1,402,000 | 1,402,000 | 1,402,000 | 1,370,000 | 1,473,000 | 695,000 | 502,000 | 130,000 | 169,000 | 168,000 | 90,000 |
total assets | 685,207,000 | 702,117,000 | 677,800,000 | 583,941,000 | 603,790,000 | 617,914,000 | 633,571,000 | 650,322,000 | 669,521,000 | 674,557,000 | 688,694,000 | 700,748,000 | 729,411,000 | 774,611,000 | 638,660,000 | 666,476,000 | 675,355,000 | 685,674,000 | 608,728,000 | 152,099,000 | 153,487,000 | 80,101,000 | 84,162,000 | 93,359,000 | 95,468,000 | 103,793,000 | 111,463,000 | 107,035,000 | 111,366,000 | 116,030,000 | 82,873,000 | 88,853,000 | 93,886,000 | 96,971,000 | 104,587,000 | 112,324,000 | 116,110,000 | 109,247,000 | 95,512,000 | 103,128,000 | 100,953,000 | 110,047,000 | 95,017,000 | 98,928,000 | 107,481,000 | 101,972,000 | 100,255,000 | 116,355,000 | 117,129,000 | 126,479,000 | 142,220,000 | 156,111,000 | 178,362,000 | 117,495,000 | 127,975,000 | |||||
liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued liabilities | 40,048,000 | 43,450,000 | 28,770,000 | 22,006,000 | 26,396,000 | 23,301,000 | 21,556,000 | 22,752,000 | 27,895,000 | 21,365,000 | 24,931,000 | 24,760,000 | 14,916,000 | 18,750,000 | 13,410,000 | 28,288,000 | 24,582,000 | 16,393,000 | 9,710,000 | 4,123,000 | 4,904,000 | 3,999,000 | 4,477,000 | 5,678,000 | 4,434,000 | 4,286,000 | 5,147,000 | 4,874,000 | 4,808,000 | 3,520,000 | 3,467,000 | 4,011,000 | 5,129,000 | 4,744,000 | 4,998,000 | 6,193,000 | 4,360,000 | 4,703,000 | 6,159,000 | 7,476,000 | 6,811,000 | 6,614,000 | 7,445,000 | 8,588,000 | 7,433,000 | 8,195,000 | 9,859,000 | 13,030,000 | 19,218,000 | 10,216,000 | 8,977,000 | 8,244,000 | 12,647,000 | 20,214,000 | 17,821,000 | |||||
operating lease liabilities | 658,000 | 677,000 | 692,000 | 333,000 | 351,000 | 344,000 | 364,000 | 532,000 | 521,000 | 454,000 | 421,000 | 438,000 | 430,000 | 423,000 | 416,000 | 772,000 | ||||||||||||||||||||||||||||||||||||||||||||
finance lease liabilities | 673,000 | 1,211,000 | 1,610,000 | 2,001,000 | 1,873,000 | 1,520,000 | 25,000 | 45,000 | 28,000 | 27,000 | 59,000 | 79,000 | 2,125,000 | 6,293,000 | 4,029,000 | 3,413,000 | 2,727,000 | 4,888,000 | ||||||||||||||||||||||||||||||||||||||||||
bonds payable | 30,281,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total current liabilities | 71,660,000 | 73,233,000 | 50,997,000 | 24,361,000 | 28,673,000 | 25,251,000 | 22,063,000 | 91,426,000 | 96,361,000 | 89,584,000 | 25,563,000 | 25,436,000 | 17,629,000 | 25,624,000 | 17,944,000 | 32,631,000 | 27,474,000 | 21,455,000 | 10,726,000 | 4,932,000 | 18,143,000 | 19,171,000 | 19,002,000 | 20,094,000 | 18,098,000 | 17,691,000 | 18,280,000 | 5,290,000 | 5,580,000 | 4,290,000 | 7,307,000 | 11,186,000 | 13,721,000 | 15,772,000 | 26,432,000 | 34,660,000 | 40,321,000 | 34,517,000 | 32,468,000 | 18,301,000 | 10,526,000 | 15,037,000 | 13,702,000 | 12,025,000 | 10,563,000 | 13,150,000 | 17,112,000 | 21,061,000 | 29,706,000 | 20,279,000 | 18,661,000 | 16,117,000 | 11,966,000 | 9,336,000 | 7,751,000 | 12,127,000 | ||||
loans payable | 100,234,000 | 99,966,000 | 19,925,000 | 21,000 | 53,000 | 86,000 | 118,000 | 130,000 | 137,000 | 144,000 | 152,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
asset retirement obligation | 2,213,000 | 2,177,000 | 2,142,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other long-term liabilities | 365,000 | 5,405,000 | 729,000 | 1,830,000 | 1,830,000 | 820,000 | 1,520,000 | 95,000 | 87,000 | 91,000 | 84,000 | 2,099,000 | 331,000 | 172,000 | 269,000 | 435,000 | 528,000 | 450,000 | 505,000 | 654,000 | 404,000 | 407,000 | 414,000 | 117,000 | 130,000 | 142,000 | 154,000 | 167,000 | 179,000 | 18,000 | 146,000 | 147,000 | 147,000 | 150,000 | 305,000 | 315,000 | 348,000 | 359,000 | 468,000 | 479,000 | 413,000 | 413,000 | 512,000 | 512,000 | 1,518,000 | 1,524,000 | 18,000 | |||||||||||||
total liabilities | 210,380,000 | 222,349,000 | 203,008,000 | 94,453,000 | 99,069,000 | 95,172,000 | 91,626,000 | 92,933,000 | 97,990,000 | 91,458,000 | 95,233,000 | 95,271,000 | 104,469,000 | 110,843,000 | 104,225,000 | 119,221,000 | 115,555,000 | 109,551,000 | 13,037,000 | 5,720,000 | 18,898,000 | 20,214,000 | 19,669,000 | 20,855,000 | 18,548,000 | 18,196,000 | 18,934,000 | 18,248,000 | 18,142,000 | 16,435,000 | 21,317,000 | 25,322,000 | 27,486,000 | 29,361,000 | 27,687,000 | 43,060,000 | 49,118,000 | 51,062,000 | 48,069,000 | 54,802,000 | 48,035,000 | 51,859,000 | 49,574,000 | 51,964,000 | 49,956,000 | 58,336,000 | 40,123,000 | 45,380,000 | 52,366,000 | 46,838,000 | 54,524,000 | 58,280,000 | 68,471,000 | 54,598,000 | 50,767,000 | 40,893,000 | 29,884,000 | 27,646,000 | 26,681,000 | 31,650,000 |
redeemable non-controlling interest | 5,956,000 | 5,664,000 | 4,955,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock, 0.01 par value per share... | 2,421,000 | 2,419,000 | 2,396,000 | 2,392,000 | 2,394,000 | 2,406,000 | 2,396,000 | 2,405,000 | 2,403,000 | 2,377,000 | 2,373,000 | 2,372,000 | 2,372,000 | 2,353,000 | 2,019,000 | 2,020,000 | 2,019,000 | 1,980,000 | 1,981,000 | 1,282,000 | 1,196,000 | 154,000 | 145,000 | 141,000 | 133,000 | 119,000 | 119,000 | 86,000 | 81,000 | 80,000 | 227,000 | 218,000 | 199,000 | 162,000 | 151,000 | 71,000 | 1,317,000 | 892,000 | 281,000 | 216,000 | 169,000 | 165,000 | 98,000 | 996,000 | 991,000 | 691,000 | 689,000 | 685,000 | 472,000 | 469,000 | 441,000 | 396,000 | 394,000 | 270,000 | 267,000 | 264,000 | 260,000 | 260,000 | 260,000 | 12,000 |
additional paid-in capital | 1,294,264,000 | 1,291,630,000 | 1,289,406,000 | 1,287,333,000 | 1,284,957,000 | 1,281,810,000 | 1,280,021,000 | 1,276,581,000 | 1,272,248,000 | 1,268,142,000 | 1,264,203,000 | 1,259,527,000 | 1,254,733,000 | 1,249,880,000 | 1,107,051,000 | 1,103,224,000 | 1,098,939,000 | 1,100,932,000 | 1,101,939,000 | 643,269,000 | 613,511,000 | 533,015,000 | 531,587,000 | 530,349,000 | 527,958,000 | 528,030,000 | 527,872,000 | 518,027,000 | 515,367,000 | 514,859,000 | 465,181,000 | 464,663,000 | 463,165,000 | 460,259,000 | 459,403,000 | 445,913,000 | 440,106,000 | 421,876,000 | 390,259,000 | 387,602,000 | 384,279,000 | 383,034,000 | 355,986,000 | 349,266,000 | 348,753,000 | 334,226,000 | 333,568,000 | 332,443,000 | 309,115,000 | 308,111,000 | 300,972,000 | 292,782,000 | 291,667,000 | 232,746,000 | 230,883,000 | 226,508,000 | 223,510,000 | 221,682,000 | 219,920,000 | 105,128,000 |
accumulated deficit | -827,814,000 | -819,945,000 | -821,965,000 | -800,237,000 | -782,630,000 | -761,474,000 | -740,472,000 | -721,597,000 | -703,120,000 | -687,420,000 | -673,000,000 | -655,382,000 | -629,995,000 | -586,209,000 | -573,048,000 | -557,375,000 | -540,862,000 | -526,482,000 | -508,229,000 | -498,172,000 | -480,118,000 | -473,282,000 | -467,239,000 | -457,986,000 | -451,171,000 | -442,552,000 | -435,462,000 | -429,326,000 | -422,224,000 | -415,344,000 | -403,852,000 | -401,350,000 | -396,964,000 | -392,811,000 | -382,654,000 | -376,720,000 | ||||||||||||||||||||||||
total stockholders' equity | 468,871,000 | 474,104,000 | 469,837,000 | 489,488,000 | 504,721,000 | 522,742,000 | 541,945,000 | 557,389,000 | 571,531,000 | 583,099,000 | 593,461,000 | 605,477,000 | 624,942,000 | 663,768,000 | 534,435,000 | 547,255,000 | 559,800,000 | 576,123,000 | 595,691,000 | 146,379,000 | 134,589,000 | 59,887,000 | 64,493,000 | 72,504,000 | 76,920,000 | 85,597,000 | 92,529,000 | 88,787,000 | 93,224,000 | 99,595,000 | 61,556,000 | 63,531,000 | 66,400,000 | 67,610,000 | 76,900,000 | 69,264,000 | 66,992,000 | 58,185,000 | 47,443,000 | 48,326,000 | 52,918,000 | 58,188,000 | 45,443,000 | 46,964,000 | 57,525,000 | 43,636,000 | 60,132,000 | 70,975,000 | 64,763,000 | |||||||||||
total liabilities and stockholders' equity | 685,207,000 | 702,117,000 | 677,800,000 | 583,941,000 | 603,790,000 | 617,914,000 | 633,571,000 | 650,322,000 | 669,521,000 | 674,557,000 | 688,694,000 | 700,748,000 | 729,411,000 | 774,611,000 | 638,660,000 | 666,476,000 | 675,355,000 | 685,674,000 | 608,728,000 | 152,099,000 | 153,487,000 | 80,101,000 | 84,162,000 | 93,359,000 | 95,468,000 | 103,793,000 | 111,463,000 | 107,035,000 | 111,366,000 | 116,030,000 | 82,873,000 | 88,853,000 | 93,886,000 | 96,971,000 | 104,587,000 | 112,324,000 | 116,110,000 | 109,247,000 | 95,512,000 | 103,128,000 | 100,953,000 | 110,047,000 | 95,017,000 | 98,928,000 | 107,481,000 | 101,972,000 | 100,255,000 | 116,355,000 | 117,129,000 | |||||||||||
remarketed bonds payable | 27,895,000 | 67,317,000 | 67,109,000 | 66,902,000 | 66,696,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
2021 bonds payable | 67,967,000 | 67,780,000 | 67,594,000 | 67,408,000 | 67,223,000 | 67,038,000 | 66,853,000 | 66,669,000 | 66,486,000 | 66,303,000 | 66,120,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders' equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other liabilities | 1,100,000 | 280,000 | 560,000 | 24,000 | 247,000 | 463,000 | 672,000 | 876,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
marketable securities | 32,897,000 | 167,408,000 | 222,012,000 | 297,631,000 | 265,813,000 | 275,340,000 | 285,236,000 | 246,886,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -115,000 | -1,040,000 | -2,168,000 | -2,256,000 | -1,587,000 | -614,000 | -296,000 | -307,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| 2,023,000 | 2,023,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating revenues | 4,528,000 | 4,238,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of production | 2,480,000 | 1,931,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 4,994,000 | 4,754,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
research and development expense | 1,558,000 | 1,960,000 | 978,000 | 1,865,000 | 1,469,000 | 789,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
general and administrative expense | 10,522,000 | 10,608,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
project development costs | 4,789,000 | 2,887,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
facility idling costs | 911,000 | 1,013,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 25,254,000 | 23,153,000 | 3,070,000 | 4,055,000 | 3,106,000 | 2,659,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from operations | -20,726,000 | -18,915,000 | -5,628,000 | -6,108,000 | -4,379,000 | -4,999,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | 305,000 | -7,000 | -3,000 | 8,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | -540,000 | -536,000 | -755,000 | -767,000 | -904,000 | -825,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest and investment income | 5,261,000 | 5,038,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other income | 5,026,000 | 4,495,000 | -508,000 | -772,000 | -7,113,000 | 2,497,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | -15,700,000 | -14,420,000 | -6,136,000 | -6,880,000 | -11,492,000 | -2,502,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | -70 | -60 | -600 | -850 | -7,190 | -110 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of common shares outstanding - basic and diluted | 239,537,811,000 | 237,417,618,000 | 10,153,873,000 | 8,087,397,000 | 1,597,242,000 | 22,534,727,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans payable - other | 159,000 | 158,000 | 158,000 | 89,000 | 158,000 | 165,000 | 174,000 | 1,016,000 | 809,000 | 704,000 | 603,000 | 375,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | 352,000 | 188,000 | 168,000 | 978,000 | 513,000 | 847,000 | 92,000 | 527,000 | 370,000 | 746,000 | 152,000 | 1,135,000 | 378,000 | 166,000 | 1,125,000 | 526,000 | 637,000 | 1,443,000 | 1,288,000 | 1,054,000 | 1,243,000 | 1,363,000 | 1,204,000 | 1,122,000 | 1,079,000 | 1,674,000 | 869,000 | 1,391,000 | 1,134,000 | 2,319,000 | 2,148,000 | 2,361,000 | 2,042,000 | 3,085,000 | 1,664,000 | 1,358,000 | 867,000 | 498,000 | 1,036,000 | 698,000 | 736,000 | 1,129,000 | 3,030,000 | 2,938,000 | 2,749,000 | 2,355,000 | 2,982,000 | 2,830,000 | ||||||||||||
long-term marketable securities | 32,724,000 | 64,396,000 | 101,003,000 | 175,169,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term restricted cash | 70,256,000 | 70,238,000 | 70,168,000 | 70,168,000 | 70,464,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
current assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in juhl | 1,500,000 | 1,500,000 | 1,500,000 | 1,500,000 | 1,500,000 | 1,500,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
2020 notes (current) | 13,900,000 | 13,643,000 | 13,386,000 | 12,964,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2020/21 notes (current) | 12,506,000 | 14,293,000 | 14,050,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2020/21 notes embedded derivative liability | 29,000 | 276,000 | 100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2020 notes embedded derivative liability | 148,000 | 394,000 | 691,000 | 684,000 | 2,366,000 | 5,224,000 | 6,453,000 | 8,637,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
notes payable - other | 516,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2020 notes (long-term) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative warrant liability | 21,000 | 19,000 | 21,000 | 22,000 | 81,000 | 86,000 | 1,474,000 | 1,951,000 | 2,139,000 | 2,391,000 | 4,942,000 | 2,698,000 | 10,723,000 | 6,150,000 | 2,946,000 | 10,493,000 | 3,395,000 | 8,114,000 | 5,899,000 | 3,114,000 | 2,877,000 | 4,687,000 | 5,965,000 | 7,243,000 | ||||||||||||||||||||||||||||||||||||
revenue | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ethanol sales and related products | 5,664,000 | 8,071,000 | 8,813,000 | 8,218,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
hydrocarbon revenue | 739,000 | 504,000 | 607,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
grant and other revenue | 25,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total revenues | 6,403,000 | 8,575,000 | 9,420,000 | 8,243,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cost of goods sold | 8,961,000 | 10,628,000 | 10,693,000 | 10,583,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gross loss | -2,558,000 | -2,053,000 | -1,273,000 | -2,340,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
selling, general and administrative expense | 2,092,000 | 2,190,000 | 1,637,000 | 1,870,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(loss) on exchange of debt | -2,181,000 | -21,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from change in fair value of derivative warrant liability | 1,000 | 477,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from change in fair value of 2020 notes embedded derivative | 246,000 | 2,858,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2020 notes | 12,554,000 | 12,155,000 | 11,731,000 | 13,893,000 | 13,491,000 | 13,108,000 | 12,745,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
2022 notes | 515,000 | 515,000 | 690,000 | 1,088,000 | 8,221,000 | 8,779,000 | 16,545,000 | 15,392,000 | 14,636,000 | 15,242,000 | 14,312,000 | 13,465,000 | 12,920,000 | 12,956,000 | ||||||||||||||||||||||||||||||||||||||||||||||
revenue and cost of goods sold | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(loss) from change in fair value of the 2017 notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain/(loss) from change in fair value of derivative warrant liability | 5,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(loss)/gain from change in fair value of 2020 notes embedded derivative | -7,000 | -511,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(loss)/gain from change in fair value of derivative warrant liability | -3,517,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted deposits | 2,611,000 | 2,611,000 | 2,611,000 | 2,611,000 | 2,611,000 | 2,611,000 | 2,611,000 | 2,611,000 | 2,611,000 | 2,611,000 | 2,611,000 | 2,611,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
current portion of 2017 notes recorded at fair value | 25,769,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2017 notes recorded at fair value | 16,492,000 | 21,565,000 | 21,879,000 | 22,035,000 | 21,695,000 | 25,460,000 | 25,564,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of secured debt | 324,000 | 342,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term portion of secured debt | 63,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long term portion of 2017 notes recorded at fair value | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion 2017 notes recorded at fair value | 25,194,000 | 23,340,000 | 22,401,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other current liabilities | 44,000 | 620,000 | 60,000 | 35,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long term portion 2017 notes recorded at fair value | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deficit accumulated | -374,431,000 | -364,583,000 | -343,097,000 | -339,492,000 | -331,530,000 | -325,011,000 | -310,641,000 | -303,298,000 | -292,219,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
debt issue costs | 297,000 | 376,000 | 414,000 | 453,000 | 530,000 | 567,000 | 603,000 | 741,000 | 801,000 | 942,000 | 1,037,000 | 1,403,000 | 1,736,000 | 1,900,000 | 946,000 | 1,017,000 | 692,000 | 772,000 | 851,000 | 929,000 | ||||||||||||||||||||||||||||||||||||||||
current portion of secured debt, net of 17 and 31 discount at december 31, 2015 and 2014, respectively | 332,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term portion of secured debt, net of 2 and 18 discount at december 31, 2015 and 2014, respectively | 153,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of secured debt, net of 20 and 31 discount at september 30, 2015 and december 31, 2014, respectively | 320,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term portion of secured debt, net of 4 and 18 discount at september 30, 2015 and december 31, 2014, respectively | 241,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of secured debt, net of 24 and 31 discount at june 30, 2015 and december 31, 2014, respectively | 309,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term portion of secured debt, net of 8 and 18 discount at june 30, 2015 and december 31, 2014, respectively | 325,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of secured debt, net of 27 and 31 discount at march 31, 2015 and december 31, 2014, respectively | 298,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term portion of secured debt, net of 13 and 18 discount at march 31, 2015 and december 31, 2014, respectively | 407,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of secured debt, net of 31 and 492 discount at december 31, 2014 and 2013, respectively | 288,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term portion of secured debt, net of 18 and 450 discount at december 31, 2014 and 2013, respectively | 485,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
2022 notes, net of 13,221 and 15,869 discount at december 31, 2014 and 2013, respectively | 13,679,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 par value per share... | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of secured debt, net of 34 and 492 discount at september 30, 2014 and december 31, 2013, respectively | 253,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term portion of secured debt, net of 25 and 450 discount at september 30, 2014 and december 31, 2013, respectively | 561,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of secured debt, net of 36 and 492 discount at june 30, 2014 and december 31, 2013, respectively | 268,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term portion of secured debt, net of 32 and 450 discount at june 30, 2014 and december 31, 2013, respectively | 31,871,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deficit accumulated during development stage | -291,281,000 | -274,125,000 | -262,153,000 | -244,824,000 | -228,939,000 | -213,717,000 | -195,347,000 | -182,170,000 | -170,119,000 | -153,942,000 | -134,635,000 | -120,475,000 | -108,170,000 | -95,704,000 | -85,327,000 | |||||||||||||||||||||||||||||||||||||||||||||
current portion of secured debt, net of 487 and 492 discount at march 31, 2014 and december 31, 2013, respectively | 1,288,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term portion of secured debt, net of 309 and 450 discount at march 31, 2014 and december 31, 2013, respectively | 8,735,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
convertible notes | 13,808,000 | 14,501,000 | 14,815,000 | 15,929,000 | 22,469,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative assets | 95,000 | 52,000 | 8,000 | 271,000 | 219,000 | 62,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of secured debt, net of 492 and 856 discount at december 31, 2013 and 2012, respectively | 788,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative liabilities | 11,000 | 6,000 | 12,000 | 422,000 | 47,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term portion of secured debt, net of 450 and 784 discount at december 31, 2013 and 2012, respectively | 9,339,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of secured debt, net of 665 and 856 discount at september 30, 2013 and december 31, 2012, respectively | 10,477,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term portion of secured debt, net of 309 and 784 discount at september 30, 2013 and december 31, 2012, respectively | 7,432,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of secured debt, net of 739 and 856 discount at june 30, 2013 and december 31, 2012, respectively | 10,063,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term portion of secured debt, net of 437 and 784 discount at june 30, 2013 and december 31, 2012, respectively | 10,217,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity | 79,641,000 | 87,696,000 | 97,831,000 | 109,891,000 | 62,897,000 | 77,208,000 | 92,137,000 | 103,295,000 | 113,772,000 | 124,476,000 | 19,959,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 126,479,000 | 142,220,000 | 156,111,000 | 178,362,000 | 117,495,000 | 127,975,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of secured debt, net of 798 and 856 discount at march 31, 2013 and december 31, 2012, respectively | 9,678,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term portion of secured debt, net of 600 and 784 discount at march 31, 2013 and december 31, 2012, respectively | 12,882,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of secured debt, net of 856 and 969 discount at december 31, 2012 and 2011, respectively | 8,513,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total current liabilities 1 | 16,769,000 | 21,599,000 | 32,794,000 | 24,239,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term portion of secured debt, net of 784 and 1,504 discount at december 31, 2012 and 2011, respectively | 15,445,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
convertible notes, net of 17,000 change in fair value of embedded derivative and net of 2,446 discount | 25,554,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
margin deposit | 277,000 | 593,000 | 386,000 | 474,000 | 1,343,000 | 1,008,000 | 624,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of secured debt, net of 902 and 969 discount at september 30, 2012 and december 31, 2011, respectively | 8,952,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term portion of secured debt, net of 973 and 1,504 discount at september 30, 2012 and december 31, 2011, respectively | 17,910,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
convertible notes, net of 15,000 change in fair value of embedded derivative and net of 2,556 discount | 27,444,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt and equity offering costs | 2,011,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of secured debt, net of 1,148 and 969 discount at june 30, 2012 and december 31, 2011, respectively | 12,158,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term portion of secured debt, net of 1,176 and 1,504 discount at june 30, 2012 and december 31, 2011, respectively | 20,280,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of secured debt, net of 1,090 and 969 discount at march 31, 2012 and december 31, 2011, respectively | 6,371,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
long-term portion secured debt, net of 1,521 and 1,504 discount at march 31, 2012 and december 31, 2011, respectively | 26,510,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative asset | 1,370,000 | 350,000 | 65,000 | 361,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, plant and equipment—net | 28,777,000 | 24,372,000 | 23,900,000 | 23,569,000 | 23,465,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred offering costs | 3,152,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total | 133,030,000 | 133,179,000 | 141,418,000 | 151,157,000 | 51,609,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | 12,440,000 | 10,219,000 | 7,408,000 | 5,896,000 | 7,903,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of secured long-term debt—net of 969,000 and 113,000 discount at december 31, 2011 and 2010, respectively | 3,491,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative liability | 186,000 | 405,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair value of warrant liabilities | 2,034,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
secured long-term debt—net of 1,504,000 and 1,493,000 discount, less current portion, at december 31, 2011 and 2010, respectively | 24,752,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
convertible preferred stock, 0.01 par value per share... | 146,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of secured long-term debt—net of 174,000 and 113,000 discount at september 30, 2011 and december 31, 2010, respectively | 1,747,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
secured long-term debt—net of 1,045,000 and 1,493,000 discount, less current portion, at september 30, 2011 and december 31, 2010, respectively | 17,671,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of secured long-term debt—net of 86,000 and 113,000 discount at june 30, 2011 and december 31, 2010, respectively | 1,928,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
secured long-term debt—net of 1,257,000 and 1,493,000 discount, less current portion, at june 30, 2011 and december 31, 2010, respectively | 17,847,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gevo, inc. stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of secured long-term debt—net of 100,000 and 113,000 discount at march 31, 2011 and december 31, 2010, respectively | 1,855,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
secured long-term debt—net of 1,372,000 and 1,493,000 discount, less current portion, at march 31, 2011 and december 31, 2010, respectively | 18,258,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted certificate of deposit—less current portion | 79,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of secured long-term debt—net of 0 and 113,000 discount at december 31, 2009 and 2010, respectively | 1,785,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
secured long-term debt—net of 688,000 and 1,493,000 discount, less current portion, at december 31, 2009 and 2010, respectively | 18,647,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2013-09-30 | 2013-06-30 | 2013-06-09 | 2012-09-30 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss | -6,008,000 | -7,577,000 | 2,729,000 | -21,773,000 | -17,607,000 | -21,156,000 | -21,002,000 | -18,875,000 | -18,477,000 | -15,700,000 | -14,420,000 | -17,618,000 | -25,387,000 | -43,786,000 | -13,161,000 | -15,673,000 | -16,513,000 | -14,380,000 | -18,253,000 | -10,057,000 | -7,090,000 | -6,136,000 | -6,880,000 | -11,492,000 | -2,502,000 | |||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of agri-energy assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation | 2,705,000 | 2,362,000 | 2,244,000 | 1,898,000 | 2,248,000 | 3,786,000 | 4,466,000 | 4,233,000 | 4,335,000 | 4,132,000 | 3,943,000 | 4,677,000 | 4,795,000 | 4,679,000 | 3,687,000 | 4,258,000 | 4,051,000 | 4,206,000 | 692,000 | 925,000 | 778,000 | 674,000 | 501,000 | 172,000 | 411,000 | 568,000 | 136,000 | 234,000 | 251,000 | 83,000 | 139,000 | 98,000 | 98,000 | 98,000 | 97,000 | 128,000 | 74,000 | 270,000 | 184,000 | 358,000 | 694,000 | 1,255,000 | 1,815,000 | 1,761,000 | 1,321,000 | |||||||||
depreciation and amortization | 5,084,000 | 7,404,000 | 7,213,000 | 5,622,000 | 6,076,000 | 3,494,000 | 4,277,000 | 4,451,000 | 4,684,000 | 4,994,000 | 4,754,000 | 4,575,000 | 3,435,000 | 1,536,000 | 1,474,000 | 1,442,000 | 1,556,000 | 1,200,000 | 1,223,000 | 1,149,000 | 1,151,000 | 1,476,000 | 1,629,000 | 1,649,000 | 1,807,000 | 1,628,000 | 1,609,000 | 1,612,000 | 1,617,000 | 1,618,000 | 1,639,000 | 1,646,000 | 1,647,000 | 1,653,000 | 1,665,000 | 1,676,000 | 1,709,000 | 1,756,000 | 1,661,000 | 1,621,000 | 1,676,000 | 1,616,000 | 1,619,000 | 1,662,000 | 1,666,000 | 1,610,000 | 864,000 | 845,000 | 849,000 | 898,000 | 1,228,000 | 1,196,000 | 1,163,000 | 1,013,000 |
production tax credits generated | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred financing costs | 613,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
lease amortization | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other non-cash expense | 1,895,000 | 1,004,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities, net of effects of acquisition: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts receivable | -652,000 | 3,273,000 | 721,000 | -4,355,000 | -1,000,000 | 1,076,000 | 206,000 | 135,000 | -381,000 | -1,231,000 | -156,000 | -379,000 | -124,000 | -164,000 | -20,000 | 810,000 | -271,000 | 334,000 | -755,000 | 435,000 | -157,000 | 376,000 | -594,000 | 983,000 | -757,000 | -212,000 | 959,000 | -599,000 | 111,000 | 806,000 | -155,000 | -234,000 | 189,000 | 121,000 | -160,000 | -82,000 | -43,000 | 595,000 | -806,000 | 523,000 | -257,000 | 1,185,000 | -172,000 | 214,000 | -318,000 | 1,042,000 | -369,000 | 538,000 | -338,000 | 393,000 | -189,000 | -394,000 | 627,000 | -152,000 |
inventories | 47,000 | -3,320,000 | 257,000 | -1,045,000 | 836,000 | -1,785,000 | 298,000 | -55,000 | -467,000 | 1,000 | -514,000 | 1,650,000 | -1,666,000 | -440,000 | 86,000 | 16,000 | -409,000 | -125,000 | 236,000 | 39,000 | 295,000 | -71,000 | 201,000 | 520,000 | -239,000 | 367,000 | -142,000 | -21,000 | 135,000 | 545,000 | 509,000 | 7,000 | -31,000 | -35,000 | -118,000 | -720,000 | -255,000 | -318,000 | 102,000 | 500,000 | -784,000 | 200,000 | 1,596,000 | -207,000 | -265,000 | 215,000 | -1,414,000 | 1,001,000 | 2,227,000 | -943,000 | 1,160,000 | 1,436,000 | -1,177,000 | -1,468,000 |
prepaid expenses and other current assets, deposits and other assets | 898,000 | 2,049,000 | -7,240,000 | -2,264,000 | -8,300,000 | -4,809,000 | -2,644,000 | -3,297,000 | -24,804,000 | 12,219,000 | -183,000 | -12,852,000 | -2,448,000 | -6,617,000 | 489,000 | -2,317,000 | 1,330,000 | -1,321,000 | 1,131,000 | -4,273,000 | 1,395,000 | -777,000 | 331,000 | -167,000 | -1,801,000 | 590,000 | ||||||||||||||||||||||||||||
accounts payable, accrued expenses and non-current liabilities | -6,277,000 | 1,262,000 | 10,698,000 | -403,000 | -1,746,000 | 7,803,000 | 2,337,000 | -3,326,000 | 2,266,000 | 3,532,000 | -3,486,000 | 381,000 | ||||||||||||||||||||||||||||||||||||||||||
deferred clean fuel production tax credits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from operating activities | 19,955,000 | -6,786,000 | -2,522,000 | -24,048,000 | -18,843,000 | -11,020,000 | -11,442,000 | -16,078,000 | -32,591,000 | 8,251,000 | -9,933,000 | -19,446,000 | -15,843,000 | -19,656,000 | -4,654,000 | -12,460,000 | -14,843,000 | -9,225,000 | -12,303,000 | -7,165,000 | -4,757,000 | -3,776,000 | -3,817,000 | -6,988,000 | -6,041,000 | -5,145,000 | -3,945,000 | -5,708,000 | -5,697,000 | -2,349,000 | -3,455,000 | -4,350,000 | -4,186,000 | -3,057,000 | -5,337,000 | -8,047,000 | -4,311,000 | -4,840,000 | -5,861,000 | -5,504,000 | -7,148,000 | -6,127,000 | -5,396,000 | -9,489,000 | -6,384,000 | -7,386,000 | -12,533,000 | -10,181,000 | -9,006,000 | -22,885,000 | -7,851,000 | -5,837,000 | -9,319,000 | -10,604,000 |
capital expenditures | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
free cash flows | 19,955,000 | -6,786,000 | -2,522,000 | -24,048,000 | -18,843,000 | -11,020,000 | -11,442,000 | -16,078,000 | -32,591,000 | 8,251,000 | -9,933,000 | -19,446,000 | -15,843,000 | -19,656,000 | -4,654,000 | -12,460,000 | -14,843,000 | -9,225,000 | -12,303,000 | -7,165,000 | -4,757,000 | -3,776,000 | -3,817,000 | -6,988,000 | -6,041,000 | -5,145,000 | -3,945,000 | -5,708,000 | -5,697,000 | -2,349,000 | -3,455,000 | -4,350,000 | -4,186,000 | -3,057,000 | -5,337,000 | -8,047,000 | -4,311,000 | -4,840,000 | -5,861,000 | -5,504,000 | -7,148,000 | -6,127,000 | -5,396,000 | -9,489,000 | -6,384,000 | -7,386,000 | -12,533,000 | -10,181,000 | -9,006,000 | -22,885,000 | -7,851,000 | -5,837,000 | -9,319,000 | -10,604,000 |
investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions of property, plant and equipment | -11,206,000 | -7,830,000 | -5,243,000 | -5,834,000 | -14,626,000 | -9,751,000 | -9,196,000 | -17,512,000 | 6,958,000 | -32,275,000 | -17,704,000 | -11,434,000 | -7,240,000 | -22,370,000 | -14,947,000 | -31,218,000 | -28,707,000 | -16,788,000 | -9,537,000 | -4,630,000 | -4,149,000 | -136,000 | -843,000 | -777,000 | -210,000 | -1,223,000 | -2,352,000 | -2,204,000 | -1,300,000 | -836,000 | -30,000 | -67,000 | -224,000 | -367,000 | -642,000 | -673,000 | -418,000 | -673,000 | -2,600,000 | -2,247,000 | -1,193,000 | -96,000 | -49,000 | -126,000 | -341,000 | -716,000 | -1,766,000 | -761,000 | -1,997,000 | -16,434,000 | -4,435,000 | -1,325,000 | -1,450,000 | -805,000 |
acquisition of red trail energy, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of agri-energy assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of investment tax credit | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of earnest money deposit | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of cultivateai, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -9,206,000 | -7,830,000 | -5,243,000 | -204,295,000 | -14,626,000 | -10,485,000 | -9,196,000 | -17,512,000 | 6,958,000 | -32,353,000 | 15,341,000 | 124,183,000 | 48,524,000 | 53,220,000 | -16,211,000 | 7,861,000 | 16,365,000 | 8,544,000 | -431,899,000 | -4,630,000 | -4,149,000 | -136,000 | -843,000 | -777,000 | -197,000 | -2,704,000 | -2,352,000 | -2,204,000 | -1,300,000 | -836,000 | -30,000 | -67,000 | -224,000 | -367,000 | -642,000 | -673,000 | -418,000 | -673,000 | -2,600,000 | -2,247,000 | -1,193,000 | -96,000 | 95,000 | -126,000 | -341,000 | -716,000 | 130,000 | -761,000 | -1,997,000 | -16,394,000 | -4,493,000 | -1,285,000 | -1,450,000 | -805,000 |
financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of bonds | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
redemption of bonds | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loan proceeds | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of debt issuance costs | -251,000 | -3,945,000 | 0 | -5,480,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interest | 0 | 0 | 0 | 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
distribution to non-controlling interest | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the exercise of warrants | 0 | 1,223,000 | 2,200,000 | 4,000 | 2,000 | 1,403,000 | 39,000 | 10,791,000 | 65,000 | 15,000 | 0 | 7,976,000 | 2,175,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from the exercise of stock options | 342,000 | 274,000 | 3,000 | 179,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
payment of loans payable | 0 | -41,000 | -24,000 | -33,000 | -32,000 | -39,000 | -48,000 | |||||||||||||||||||||||||||||||||||||||||||||||
payment of finance lease liabilities | -821,000 | -219,000 | -269,000 | -457,000 | -328,000 | -323,000 | -232,000 | -23,000 | 0 | 0 | 1,000 | -23,000 | 4,304,000 | -4,229,000 | -53,000 | -34,000 | -1,492,000 | |||||||||||||||||||||||||||||||||||||
repurchases of common stock | 0 | -646,000 | -2,667,000 | -1,397,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -2,184,000 | -3,911,000 | -266,000 | 104,242,000 | -369,000 | -944,000 | -39,000 | -48,000 | -40,000 | -62,000 | 4,265,000 | -4,268,000 | 138,919,000 | -354,000 | -1,662,000 | -8,340,000 | 64,073,000 | 458,780,000 | 6,623,000 | 78,196,000 | 1,708,000 | 752,000 | 1,596,000 | -362,000 | -14,000 | 9,644,000 | 2,415,000 | 14,471,000 | 23,486,000 | -107,000 | 1,199,000 | 1,885,000 | 1,554,000 | 13,959,000 | 22,406,000 | -608,000 | 9,169,000 | -102,000 | 23,476,000 | 7,609,000 | -926,000 | 16,204,000 | -2,524,000 | -2,572,000 | -1,639,000 | 92,674,000 | 8,964,000 | -470,000 | -517,000 | 112,618,000 | ||||
net decrease in cash and cash equivalents | 8,565,000 | -18,527,000 | -8,031,000 | -124,101,000 | -7,495,000 | -8,359,000 | -2,006,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at beginning of period | 0 | 0 | 0 | 259,033,000 | 0 | 0 | 0 | 375,597,000 | 0 | 0 | 0 | 315,376,000 | 0 | 0 | 0 | 136,033,000 | ||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash at end of period | 8,565,000 | -18,527,000 | -8,031,000 | 134,932,000 | -33,838,000 | -22,449,000 | -25,235,000 | 340,555,000 | -25,672,000 | -24,150,000 | 5,368,000 | 420,051,000 | 36,946,000 | 29,296,000 | 118,054,000 | 131,080,000 | ||||||||||||||||||||||||||||||||||||||
loss on extinguishment of debt | 0 | 1,112,000 | 926,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
tax credit generation | -12,512,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of red trail energy | 0 | 0 | -198,461,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of derivative instruments | 2,080,000 | -2,732,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
other non-cash income | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
oic loan proceeds | 105,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of marketable securities discount | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other noncash expense | 650,000 | 571,000 | 620,000 | 656,000 | 253,000 | 304,000 | 117,000 | 234,000 | 1,030,000 | -505,000 | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from maturity of marketable securities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of property, plant and equipment | 0 | 67,000 | 13,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of remarketed bonds | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
extinguishment of 2021 bonds | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of debt offering costs | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | -33,838,000 | -22,449,000 | -25,235,000 | -35,042,000 | -25,672,000 | -24,150,000 | 5,368,000 | 104,675,000 | 36,946,000 | 29,296,000 | 118,054,000 | -4,953,000 | 446,985,000 | -2,283,000 | 74,284,000 | -2,952,000 | -7,013,000 | -4,642,000 | -8,211,000 | -6,311,000 | 1,732,000 | -4,582,000 | -3,175,000 | 8,446,000 | 828,000 | -6,325,000 | 8,102,000 | -14,927,000 | -13,514,000 | -12,642,000 | 53,395,000 | -3,380,000 | -7,592,000 | -11,286,000 | 101,209,000 | |||||||||||||||||||
acquisition of cultivateai | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from by financing activities | -1,452,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
impairment loss | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of assets | 0 | 183,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of marketable securities (discount) premium | 0 | 0 | 12,000 | -114,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of patent portfolio | 0 | 0 | 0 | -10,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
purchase of marketable securities | 0 | 855,000 | -99,264,000 | -31,993,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||
debt and equity offering costs | 0 | 0 | -36,000 | -162,000 | -3,074,000 | -31,683,000 | -200,000 | -6,055,000 | -63,000 | -52,000 | -54,000 | -161,000 | -27,000 | -66,000 | -135,000 | -164,000 | -24,000 | -140,000 | -726,000 | -205,000 | 151,000 | -1,298,000 | -1,408,000 | -589,000 | -734,000 | 0 | -1,620,000 | -1,165,000 | -822,000 | -1,698,000 | ||||||||||||||||||||||||
proceeds from issuance of common stock and common stock warrants | 0 | 0 | 1,824,000 | 0 | -1,824,000 | 489,373,000 | 6,429,000 | 9,644,000 | 57,000 | 0 | 0 | 0 | 11,044,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of warrants | 0 | 0 | 0 | 3,000 | 0 | 2,000 | 1,117,000 | |||||||||||||||||||||||||||||||||||||||||||||||
net settlement of common stock under stock plans | -1,000 | 1,000 | -66,000 | -220,000 | -1,904,000 | -19,000 | -21,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||
proceeds from property, plant and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale and maturity of marketable securities | 135,550,000 | 55,764,000 | 74,735,000 | 98,000,000 | 71,082,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
payment of debt | -39,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) on forgiveness of sba loans | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of marketable securities premium | -32,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable, accrued expenses and long-term liabilities | 4,055,000 | 774,000 | 1,091,000 | -2,285,000 | 4,545,000 | -906,000 | 857,000 | 1,039,000 | 293,000 | |||||||||||||||||||||||||||||||||||||||||||||
purchase of patents and license | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of 2021 bonds | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of loans payable - other | -38,000 | -40,000 | 31,000 | -103,000 | -45,000 | -26,000 | -27,000 | -89,000 | -238,000 | -154,000 | ||||||||||||||||||||||||||||||||||||||||||||
noncash interest expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash lease expense | 139,000 | 45,000 | 65,000 | -75,000 | 17,000 | 17,000 | 16,000 | 14,000 | 15,000 | |||||||||||||||||||||||||||||||||||||||||||||
non-cash interest expense | 1,150,000 | -28,000 | 63,000 | 0 | 2,000 | 155,000 | 213,000 | 243,000 | 150,000 | 257,000 | 257,000 | 422,000 | 410,000 | 399,000 | 423,000 | 482,000 | 402,000 | 383,000 | 383,000 | 116,000 | 80,000 | 638,000 | 1,209,000 | 1,073,000 | 1,057,000 | 1,032,000 | 973,000 | 922,000 | 845,000 | 1,486,000 | 1,009,000 | 771,000 | 1,078,000 | 1,898,000 | 892,000 | |||||||||||||||||||
loss from the change in fair value of 2020/21 notes and 2020 notes embedded derivative liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on conversion of 2020/21 notes to common stock | 1,373,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of patents | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of marketable securities | 45,242,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in juhl | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
payment on loans payable - other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sba loans | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents and restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from change in fair value of derivative warrant liability | -6,000 | -43,000 | 53,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
loss from change in fair value of 2020/21 notes and 2020 notes embedded derivative liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other non-cash expenses | 0 | 25,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable, accrued expenses and long-term liabilities | 556,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net increase (decrease) in cash and cash equivalents | -9,021,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
beginning of period | 0 | 0 | 78,338,000 | 0 | 0 | 16,302,000 | 0 | 0 | 33,734,000 | 0 | 0 | 11,553,000 | 0 | 0 | 27,888,000 | 0 | 0 | 17,031,000 | 0 | 0 | 6,359,000 | 0 | 0 | 0 | 66,744,000 | 0 | 0 | 0 | 0 | 15,274,000 | ||||||||||||||||||||||||
end of period | -9,021,000 | -380,129,000 | 525,323,000 | 74,284,000 | -2,952,000 | 9,289,000 | -8,211,000 | -6,311,000 | 35,466,000 | 11,286,000 | 20,001,000 | 7,029,000 | -1,539,000 | -4,090,000 | 20,393,000 | 8,446,000 | 13,945,000 | 8,672,000 | ||||||||||||||||||||||||||||||||||||
loss from change in fair value of 2020/21 notes embedded derivative liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) on forgiveness of sba ppp loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sba ppp loans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from change in fair value of 2020/21 notes embedded derivative liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from the change in fair value of derivative warrant liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from the change in fair value of 2020/21 notes and 2020 notes embedded derivative | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of property, plant and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment on secured debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sba loan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | -6,836,000 | -6,043,000 | -9,253,000 | -6,815,000 | -4,386,000 | -4,153,000 | -10,157,000 | -5,934,000 | -2,289,000 | -9,849,000 | -21,485,000 | -3,605,000 | -7,962,000 | -6,519,000 | -14,370,000 | -7,343,000 | -11,079,000 | -938,000 | -15,222,000 | -18,370,000 | -12,051,000 | -14,160,000 | -12,305,000 | -12,466,000 | -9,283,000 | |||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) from change in fair value of derivative warrant liability | 0 | -1,000 | -7,000 | -1,000 | -477,000 | -3,226,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
gain from change in fair value of 2020/21 notes and 2020 notes embedded derivative liability | -247,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on retirement of property, plant and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on retirement of property, plant and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock | 1,313,000 | 958,000 | 0 | 61,211,000 | 150,000 | 12,000 | 1,000 | 8,000 | ||||||||||||||||||||||||||||||||||||||||||||||
(gain) from change in fair value of 2020/21 notes and 2020 notes embedded derivative liability | 100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable, accrued expenses, and long-term liabilities | -1,150,000 | -1,118,000 | -417,000 | 933,000 | -298,000 | -531,000 | -976,000 | 510,000 | -48,000 | -1,228,000 | 1,398,000 | -158,000 | -669,000 | -1,268,000 | -752,000 | 85,000 | -1,056,000 | -1,048,000 | 1,295,000 | -674,000 | 3,354,000 | 1,273,000 | 1,325,000 | 1,735,000 | 792,000 | 2,254,000 | 1,298,000 | -1,739,000 | ||||||||||||||||||||||||||
(gain) income from the change in fair value of derivative warrant liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) from the change in fair value of the embedded derivative to the 2020 notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on exchange or conversion of debt | 964,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on secured debt | 0 | -175,000 | 0 | -9,616,000 | 0 | -420,000 | 0 | -84,000 | -82,000 | -105,000 | -80,000 | -51,000 | -104,000 | -98,000 | -2,574,000 | -2,502,000 | -1,639,000 | -6,026,000 | ||||||||||||||||||||||||||||||||||||
(gain) income from change in fair value of derivative warrant liability | -2,938,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) from change in fair value of 2020 notes embedded derivative | 0 | -148,000 | -246,000 | -2,858,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) on sale of property, plant and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on exchange of debt | 0 | 2,181,000 | 21,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from exercise of common stock warrants | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalent and restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid expenses and other current assets | 157,000 | -335,000 | 121,000 | -494,000 | 78,000 | 115,000 | 136,000 | -103,000 | -11,000 | -6,000 | 40,000 | 125,000 | -278,000 | -113,000 | -46,000 | -18,000 | 178,000 | 129,000 | 74,000 | 208,000 | 228,000 | -197,000 | -77,000 | 4,000 | -365,000 | -124,000 | -46,000 | |||||||||||||||||||||||||||
cash, cash equivalents, and restricted cash | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss/(gain) from the change in fair value of derivative warrant liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from the change in fair value of 2017 notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on extinguishment of warrant liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on issuance of equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales tax refund for property, plant and equipment | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
ending of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from the change in fair value of the 2017 notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock, net of commissions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the exercise of common stock warrants | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from change in fair value of derivative warrant liability | -5,248,000 | 7,247,000 | -167,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
gain from change in fair value of 2020 notes embedded derivative | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (decrease) in cash and cash equivalents | 20,001,000 | -4,524,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) on extinguishment of warrant liability | -33,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) from the change in fair value of derivative warrant liability | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss/(gain) on exchange or conversion of debt | -157,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
loss/(gain) on extinguishment of warrant liability | 0 | -5,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock upon exercise of stock options and employee stock purchase plan | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
release of restricted cash held as collateral on 2017 notes | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
loss/(gain) from change in fair value of derivative warrant liability | 22,000 | -1,154,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) from change in fair value of 2020 embedded derivative | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from the change in fair value of the 2017 notes | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net (decrease)/increase in cash and cash equivalents | -1,539,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
income from change in fair value of 2020 embedded derivative | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from change in fair value of the 2017 notes | 339,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash provided (used) by financing activities | 1,225,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) from the change in fair value of the embedded derivative to the 2022 notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss/(gain) from the change in fair value of 2017 notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted certificate of deposit | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss/(gain) from change in fair value of the 2017 notes | 1,854,000 | 939,000 | 836,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
loss/(gain) on issuance of equity | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock and common stock units | 15,638,000 | 0 | 17,200,000 | 6,650,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
loss/(gain) on conversion of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on conversion of debt | 0 | 0 | -285,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
gain from change in fair value of embedded derivative of the 2022 notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from change in fair value of 2017 notes | 340,000 | -3,765,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) loss on extinguishment of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on extinguishment of warrant liability | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
income from change in fair value of derivatives | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
deposit on secured debt and other | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from change in fair value of the 2017 notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
ending of period | -6,325,000 | 18,175,000 | 4,353,000 | 8,102,000 | -13,514,000 | 54,102,000 | 53,395,000 | -3,380,000 | -7,592,000 | -11,286,000 | 116,483,000 | |||||||||||||||||||||||||||||||||||||||||||
gain from change in fair value of embedded derivative of 2022 notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposits and other assets | 63,000 | 1,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash stock-based compensation | 402,000 | 498,000 | 859,000 | 957,000 | 1,039,000 | 1,087,000 | 1,530,000 | |||||||||||||||||||||||||||||||||||||||||||||||
loss on conversion of debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from change in fair value of derivatives | -50,000 | 257,000 | -641,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
restricted deposits | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales tax refund | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of 2017 notes | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of secured debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from change in fair value of derivative warrant liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from change in fair value of embedded derivative of 2022 note | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from change in fair value of 2017 note | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) income from change in fair value of warrant liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) income from change in fair value of embedded derivative | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) income from change in fair value of convertible debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
changes in operating assets and liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of agri-energy, net of cash assumed | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock upon exercise of stock options and espp | 50,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of term loan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible promissory notes with warrants | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from change in fair value of embedded derivative | -1,587,000 | -2,023,000 | 1,330,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
loss from change in fair value of derivatives | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss from change in fair value of warrant liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposit on long-term debt and other | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
income from change in fair value of warrant liabilities | 0 | 0 | 0 | 29,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
margin deposit | 316,000 | -474,000 | 1,343,000 | -335,000 | -384,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of secured long-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred offering costs | 0 | 0 | -51,000 | -1,641,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
deposit on long-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issue costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock in initial public offering, net of discounts and commissions | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of stock issuance costs | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
(gain) income from change in fair value of derivatives | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
stock expense for shares issued pursuant to license agreements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash interest expense and amortization of debt discounts and debt issue costs to non-cash interest expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain from change in derivative | 1,556,000 | -1,020,000 | -285,000 | -109,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
loss on abandonment or disposal of fixed assets | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of agri-energy, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from the sale of property and equipment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock pursuant to employee stock purchase plan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible promissory notes with warrant | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of warrants | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on secured long-term debt | -495,000 | -482,000 | -467,000 | -453,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
deposit on secured long-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of common stock in initial public offering, net of underwriting discounts and commissions | 0 | 0 | 0 | 114,704,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of non-cash transactions—investing and financing: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of preferred stock warrants to common stock warrants upon initial public offering and reclassification of related liability to additional paid-in capital | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
warrants issued with secured long-term debt | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
warrants issued with convertible promissory notes | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
noncash interest expense and amortization of debt discounts and debt issue costs to noncash interest expense | 203,000 | 209,000 | 213,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosures of noncash transactions—investing and financing: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
conversion of preferred stock warrants to common stock warrants upon initial public offering and reclassification of related liability to additional paid-in-capital | 2,063,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
promissory notes and accrued interest converted to series c preferred stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of common stock pursuant to license agreements | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of series c preferred stock upon exercise of warrant | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
issuance of series d-1 preferred stock to icm, inc. in exchange for a credit against future services | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
deemed dividend—amortization of beneficial conversion feature on series d-1 convertible preferred stock | 1,094,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
reclass deferred offering costs to additional paid-in-capital upon initial public offering | 4,296,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
capital asset additions in accounts payable and accrued expenses | 251,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
capital asset additions acquired using prepaid credit with icm, inc. | 288,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued deferred offering costs | 51,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental cash flow disclosure—cash paid for interest, net of amounts capitalized | 623,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of principal and final payment on secured long-term debt |
