2014 Q4 Form 10-K Financial Statement

#000156459015002081 Filed on March 30, 2015

View on sec.gov

Income Statement

Concept 2014 Q4 2013 Q4 2012
Revenue $9.500M $1.700M $24.39M
YoY Change 458.82% -11.46% -62.22%
Cost Of Revenue $10.87M $5.050M $31.49M
YoY Change 115.25% 79.72% -48.02%
Gross Profit -$1.370M -$3.350M -$8.025M
YoY Change -59.1% 276.4% -302.6%
Gross Profit Margin -14.42% -197.06% -32.91%
Selling, General & Admin $4.830M $5.650M $43.98M
YoY Change -14.51% -27.66% 52.24%
% of Gross Profit
Research & Development $2.710M $3.900M $19.43M
YoY Change -30.51% -10.34% -1.63%
% of Gross Profit
Depreciation & Amortization $1.670M $830.0K $3.313M
YoY Change 101.2% 7.79% -27.98%
% of Gross Profit
Operating Expenses $7.540M $9.650M $63.41M
YoY Change -21.87% -20.64% 30.33%
Operating Profit -$8.910M -$13.00M -$71.44M
YoY Change -31.46% -0.38% 59.84%
Interest Expense -$2.270M -$4.340M $6.338M
YoY Change -47.7% 2311.11% 77.19%
% of Operating Profit
Other Income/Expense, Net $0.00 $10.00K $10.73M
YoY Change -100.0% -80.0% -404.6%
Pretax Income -$11.08M -$17.33M -$60.71M
YoY Change -36.06% 31.49% 25.93%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$11.08M -$17.33M -$60.71M
YoY Change -36.06% 31.49% 25.92%
Net Earnings / Revenue -116.63% -1019.41% -248.97%
Basic Earnings Per Share
Diluted Earnings Per Share -$554.0M -$1.733B -$6.071B
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2014 Q4 2013 Q4 2012
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.400M $24.60M $66.70M
YoY Change -73.98% -63.12% -29.19%
Cash & Equivalents $6.359M $24.63M $66.70M
Short-Term Investments
Other Short-Term Assets $700.0K $1.200M $1.800M
YoY Change -41.67% -33.33% 0.0%
Inventory $4.300M $3.581M $6.700M
Prepaid Expenses
Receivables $2.400M $1.358M $700.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $13.74M $30.73M $75.90M
YoY Change -55.27% -59.51% -26.1%
LONG-TERM ASSETS
Property, Plant & Equipment $81.24M $83.48M $77.10M
YoY Change -2.68% 8.28% 167.71%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.900M $1.352M $3.100M
YoY Change 188.46% -3.57% 106.67%
Total Long-Term Assets $85.18M $85.63M $80.20M
YoY Change -0.52% 6.73% 164.69%
TOTAL ASSETS
Total Short-Term Assets $13.74M $30.73M $75.90M
Total Long-Term Assets $85.18M $85.63M $80.20M
Total Assets $98.93M $116.4M $156.1M
YoY Change -14.98% -25.47% 17.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.600M $6.500M $1.200M
YoY Change -60.0% 441.67% -80.65%
Accrued Expenses $5.900M $5.600M $6.000M
YoY Change 5.36% 5556.57% -3.23%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $300.0K $800.0K $8.500M
YoY Change -62.5% -90.59% 142.86%
Total Short-Term Liabilities $12.03M $21.06M $16.80M
YoY Change -42.9% 25.59% 4.35%
LONG-TERM LIABILITIES
Long-Term Debt $39.60M $23.80M $41.00M
YoY Change 66.39% 54.1% 65.32%
Other Long-Term Liabilities $315.0K $479.0K $500.0K
YoY Change -34.24% -6.45%
Total Long-Term Liabilities $315.0K $479.0K $41.50M
YoY Change -34.24% -97.0% 67.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $12.03M $21.06M $16.80M
Total Long-Term Liabilities $315.0K $479.0K $41.50M
Total Liabilities $51.96M $45.38M $58.30M
YoY Change 14.51% -22.13% 42.54%
SHAREHOLDERS EQUITY
Retained Earnings -$303.3M -$262.2M
YoY Change 15.7% 34.2%
Common Stock $66.00K $685.0K
YoY Change -90.36% 72.98%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $46.96M $70.98M $97.80M
YoY Change
Total Liabilities & Shareholders Equity $98.93M $116.4M $156.1M
YoY Change -14.98% -25.47% 17.37%

Cashflow Statement

Concept 2014 Q4 2013 Q4 2012
OPERATING ACTIVITIES
Net Income -$11.08M -$17.33M -$60.71M
YoY Change -36.06% 31.49% 25.92%
Depreciation, Depletion And Amortization $1.670M $830.0K $3.313M
YoY Change 101.2% 7.79% -27.98%
Cash From Operating Activities -$6.380M -$15.33M -$68.06M
YoY Change -58.38% -26.12% 102.49%
INVESTING ACTIVITIES
Capital Expenditures -$340.0K -$5.290M $52.43M
YoY Change -93.57% 255.03% 554.17%
Acquisitions
YoY Change
Other Investing Activities $0.00 $230.0K $647.0K
YoY Change -100.0% 1015.52%
Cash From Investing Activities -$350.0K -$5.050M -$53.04M
YoY Change -93.07% 236.67% 560.26%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $61.88M
YoY Change -46.06%
Debt Paid & Issued, Net $10.41M
YoY Change 448.55%
Cash From Financing Activities -930.0K 19.34M 93.62M
YoY Change -104.81% -742.52% -22.37%
NET CHANGE
Cash From Operating Activities -6.380M -15.33M -68.06M
Cash From Investing Activities -350.0K -5.050M -53.04M
Cash From Financing Activities -930.0K 19.34M 93.62M
Net Change In Cash -7.660M -1.040M -27.48M
YoY Change 636.54% -95.88% -134.81%
FREE CASH FLOW
Cash From Operating Activities -$6.380M -$15.33M -$68.06M
Capital Expenditures -$340.0K -$5.290M $52.43M
Free Cash Flow -$6.040M -$10.04M -$120.5M
YoY Change -39.84% -47.87% 189.46%

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CY2013 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
2453000
CY2012 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
390000
CY2013 gevo Accrued Offering Costs
AccruedOfferingCosts
671000
CY2014 us-gaap Stock Issued1
StockIssued1
31000
CY2013 us-gaap Stock Issued1
StockIssued1
483000
CY2014 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
2400000
CY2013 us-gaap Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
4048000
CY2012 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
120000
CY2014 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-bottom:0pt;margin-top:0pt;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Use of Estimates<font style="font-style:normal;">. The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (&#8220;GAAP&#8221;) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates. </font></p></div>
CY2014 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div> <p style="margin-bottom:0pt;margin-top:12pt;font-style:italic;font-size:10pt;font-family:Times New Roman;font-weight:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">Concentrations of Credit Risk<font style="font-style:normal;">. The Company&#8217;s financial instruments that are exposed to concentrations of credit risk consist of cash and cash equivalents in excess of the federally insured limits. The Company&#8217;s cash and cash equivalents are deposited with high credit quality financial institutions and are primarily in demand deposit accounts.</font></p></div>
CY2014Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0
CY2014 gevo Restricted Deposits
RestrictedDeposits
0.10
CY2014 us-gaap Interest Expense Capital Securities
InterestExpenseCapitalSecurities
1800000
CY2014Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
119439000
CY2013Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
105018000
CY2014 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
69375851
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
30952214
CY2012 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
12258903
CY2014Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
515000
CY2013Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
192000
CY2014Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
610000
CY2013Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
224000
CY2014Q4 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
1444000
CY2013Q4 us-gaap Other Inventories Spare Parts
OtherInventoriesSpareParts
1195000
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
102582000
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
100034000
CY2014Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
21342000
CY2013Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
16559000
CY2014 us-gaap Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
0
CY2013 us-gaap Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
200000
CY2012 us-gaap Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
1300000
CY2014 us-gaap Amortization Of Leased Asset
AmortizationOfLeasedAsset
100000
CY2013 us-gaap Amortization Of Leased Asset
AmortizationOfLeasedAsset
100000
CY2012 us-gaap Amortization Of Leased Asset
AmortizationOfLeasedAsset
100000
CY2014 us-gaap Cost Of Goods Sold Depreciation
CostOfGoodsSoldDepreciation
4000000
CY2013 us-gaap Cost Of Goods Sold Depreciation
CostOfGoodsSoldDepreciation
2100000
CY2012 us-gaap Cost Of Goods Sold Depreciation
CostOfGoodsSoldDepreciation
2100000
CY2014Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
2639000
CY2013Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
6460000
CY2014Q4 gevo Accrued Legal Related Expenses
AccruedLegalRelatedExpenses
2944000
CY2013Q4 gevo Accrued Legal Related Expenses
AccruedLegalRelatedExpenses
2999000
CY2013Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
1000000
CY2014Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
801000
CY2013Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
818000
CY2014Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
2204000
CY2013Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1753000
CY2014Q4 gevo Fair Value Of Convertible Notes With Embedded Derivative
FairValueOfConvertibleNotesWithEmbeddedDerivative
19449000
CY2013Q4 gevo Fair Value Of Convertible Notes With Embedded Derivative
FairValueOfConvertibleNotesWithEmbeddedDerivative
15925000
CY2014Q4 gevo Fair Value Of Convertible Notes Without Embedded Derivative
FairValueOfConvertibleNotesWithoutEmbeddedDerivative
19449000
CY2013Q4 gevo Fair Value Of Convertible Notes Without Embedded Derivative
FairValueOfConvertibleNotesWithoutEmbeddedDerivative
12455000
CY2013Q4 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Liability
EmbeddedDerivativeFairValueOfEmbeddedDerivativeLiability
3470000
CY2014 us-gaap Embedded Derivative Loss On Embedded Derivative
EmbeddedDerivativeLossOnEmbeddedDerivative
3500000
CY2013 us-gaap Embedded Derivative Loss On Embedded Derivative
EmbeddedDerivativeLossOnEmbeddedDerivative
3100000
CY2012 us-gaap Embedded Derivative Loss On Embedded Derivative
EmbeddedDerivativeLossOnEmbeddedDerivative
17000000
CY2014Q2 gevo Percentage Of Aggregate Principal Amount Outstanding
PercentageOfAggregatePrincipalAmountOutstanding
0.10
CY2012Q3 gevo Percentage Of Loan Principal Due Final Payment
PercentageOfLoanPrincipalDueFinalPayment
0.08
CY2013Q4 us-gaap Principal Amount Outstanding On Loans Securitized
PrincipalAmountOutstandingOnLoansSecuritized
5100000
CY2014Q4 gevo Number Of Installments
NumberOfInstallments
12
CY2011Q4 us-gaap Debt Instrument Repurchase Amount
DebtInstrumentRepurchaseAmount
10000000
CY2012Q1 us-gaap Debt Instrument Repurchase Amount
DebtInstrumentRepurchaseAmount
5000000
CY2014Q4 us-gaap Debt Instrument Repurchase Amount
DebtInstrumentRepurchaseAmount
15000000
CY2014Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.11
CY2014 gevo Percentage Of Loan Principal Due Final Payment
PercentageOfLoanPrincipalDueFinalPayment
0.0575
CY2014Q4 gevo Number Of Warrants Outstanding
NumberOfWarrantsOutstanding
3
CY2014Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
388411
CY2014Q4 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.18
CY2014 us-gaap Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
9800000
CY2014Q4 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.09
CY2014 us-gaap Debt Instrument Convertible Remaining Discount Amortization Period1
DebtInstrumentConvertibleRemainingDiscountAmortizationPeriod1
P36M
CY2012Q4 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
25554000
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.47
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.7886
CY2013 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
3300000
CY2013 gevo Write Off Of Debt Discount Upon Conversion Of Debt
WriteOffOfDebtDiscountUponConversionOfDebt
11277000
CY2013 gevo Conversion Of Convertible Debt
ConversionOfConvertibleDebt
22516000
CY2014 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2648000
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
319000
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
348000
CY2014Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
26263000
CY2014Q4 gevo Long Term Debt Maturities Repayments Of Principal In Year Five And Thereafter
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFiveAndThereafter
26900000
CY2014Q4 us-gaap Long Term Debt
LongTermDebt
53830000
CY2014 us-gaap Common Stock Voting Rights
CommonStockVotingRights
The holders of the Company’s common stock have one vote per share.
CY2014 gevo Percentage Of Voting Power Required For Amendment
PercentageOfVotingPowerRequiredForAmendment
0.6667
CY2014Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
30000000
CY2014Q3 us-gaap Share Price
SharePrice
0.60
CY2014Q3 gevo Proceeds From Issuance Of Common Stock Net
ProceedsFromIssuanceOfCommonStockNet
16400000
CY2014Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2400000
CY2014Q3 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
0.5
CY2013 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
21303750
CY2013Q4 us-gaap Share Price
SharePrice
1.35
CY2013 gevo Proceeds From Issuance Of Common Stock Net
ProceedsFromIssuanceOfCommonStockNet
26400000
CY2012Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
12500000
CY2012Q3 us-gaap Share Price
SharePrice
4.95
CY2012Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
57400000
CY2011Q1 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
8222500
CY2011Q1 us-gaap Share Price
SharePrice
15.00
CY2011Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
110400000
CY2014Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
37563548
CY2013Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
1.18
CY2013 us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
200000
CY2014 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2860000
CY2013 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3911000
CY2012 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8943000
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0174
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0126
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0117
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.7113
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.7196
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y5M12D
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y9M18D
CY2012 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y9M11D
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.89
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.18
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
4.74
CY2014 gevo Share Based Compensation Options Estimated Forfeiture Rates Range Lower Limit
ShareBasedCompensationOptionsEstimatedForfeitureRatesRangeLowerLimit
0.00
CY2014 gevo Share Based Compensation Options Estimated Forfeiture Rates Range Upper Limit
ShareBasedCompensationOptionsEstimatedForfeitureRatesRangeUpperLimit
0.05
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2871563
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1128536
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
470686
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
5000
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
3524413
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
2532633
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
3519749
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.15
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.40
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
6.90
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
3.72
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
4.54
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
3.72
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y6M26D
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P5Y7M10D
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P5Y1M28D
CY2014 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P5Y7M10D
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
478
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
0
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
200000
CY2012 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
2200000
CY2014Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
1200000
CY2014 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y
CY2013Q3 us-gaap Production Barrels Of Oil Equivalents1
ProductionBarrelsOfOilEquivalents1
20000
CY2013Q1 us-gaap Production Barrels Of Oil Equivalents1
ProductionBarrelsOfOilEquivalents1
3650
CY2013Q2 gevo Increase Decrease In Production Barrels Of Oil Equivalents
IncreaseDecreaseInProductionBarrelsOfOilEquivalents
12500
CY2014 gevo Equity Ownership Of Wholly Owned Subsidiary
EquityOwnershipOfWhollyOwnedSubsidiary
1.00
CY2014 us-gaap Intercompany Loans Description
IntercompanyLoansDescription
In addition, as of December 31, 2014, under the terms of the Amended Agri-Energy Loan Agreement with TriplePoint, as amended, subject to certain limited exceptions, Agri-Energy is only permitted to pay if the following conditions are satisfied: (i) the Retrofit of the Agri-Energy Facility is complete and the facility is producing commercial volumes of isobutanol, (ii) its net worth is greater than or equal to $10.0 million, and (iii) no event of default has occurred and is continuing under the agreement. No gain or loss was recognized by the Company upon the initial consolidation of Gevo Development.
CY2014 gevo Tax Credit Carryforward Expiration Year
TaxCreditCarryforwardExpirationYear
2034
CY2014Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
115870000
CY2013Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
96748000
CY2014Q4 gevo Deferred Tax Assets Tax Credits
DeferredTaxAssetsTaxCredits
6047000
CY2013Q4 gevo Deferred Tax Assets Tax Credits
DeferredTaxAssetsTaxCredits
5502000
CY2014Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
-2478000
CY2013Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
2768000
CY2014Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
119439000
CY2013Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
105018000
CY2014Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2014 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2012 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2014 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.045
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.057
CY2012 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.062
CY2014 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.013
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.022
CY2012 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.000
CY2014 gevo Effective Income Tax Rate Reconciliation Permanent Differences
EffectiveIncomeTaxRateReconciliationPermanentDifferences
-0.022
CY2013 gevo Effective Income Tax Rate Reconciliation Permanent Differences
EffectiveIncomeTaxRateReconciliationPermanentDifferences
-0.015
CY2012 gevo Effective Income Tax Rate Reconciliation Permanent Differences
EffectiveIncomeTaxRateReconciliationPermanentDifferences
-0.025
CY2014 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.360
CY2013 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.370
CY2012 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.387
CY2014 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2013 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2012 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.000
CY2014 gevo Defined Contribution Plan Service Period For Eligibility
DefinedContributionPlanServicePeriodForEligibility
P3M
CY2014 gevo Defined Contribution Plan Employer Matching Percent Of Employee Contribution
DefinedContributionPlanEmployerMatchingPercentOfEmployeeContribution
1.00
CY2014 gevo Defined Contribution Plan Vesting Period
DefinedContributionPlanVestingPeriod
P2Y
CY2012 gevo Defined Contribution Plan Employer Matching Contribution
DefinedContributionPlanEmployerMatchingContribution
500000
CY2014 gevo Lease Expiration Month And Year
LeaseExpirationMonthAndYear
2016-07
CY2014 gevo Lease Term Expiration Period
LeaseTermExpirationPeriod
P12M
CY2014 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
500000
CY2013 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
600000
CY2012 us-gaap Operating Leases Rent Expense Net
OperatingLeasesRentExpenseNet
600000
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
1826000
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1308000
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1044000
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1044000
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
529000
CY2014Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
5751000
CY2014Q4 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
157000
CY2014Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
162000
CY2014Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
167000
CY2014Q4 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
486000
CY2014Q4 gevo Total Leases Future Minimum Payments Due Current
TotalLeasesFutureMinimumPaymentsDueCurrent
1983000
CY2014Q4 gevo Total Leases Future Minimum Payments Due In Two Years
TotalLeasesFutureMinimumPaymentsDueInTwoYears
1470000
CY2014Q4 gevo Total Leases Future Minimum Payments Due In Three Years
TotalLeasesFutureMinimumPaymentsDueInThreeYears
1211000
CY2014Q4 gevo Total Leases Future Minimum Payments Due In Four Years
TotalLeasesFutureMinimumPaymentsDueInFourYears
1044000
CY2014Q4 gevo Total Leases Future Minimum Payments Due In Five Years
TotalLeasesFutureMinimumPaymentsDueInFiveYears
529000
CY2014Q4 gevo Total Leases Future Minimum Payments Due
TotalLeasesFutureMinimumPaymentsDue
6237000
CY2014Q4 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Net
EmbeddedDerivativeFairValueOfEmbeddedDerivativeNet
0
CY2013Q4 us-gaap Embedded Derivative Fair Value Of Embedded Derivative Net
EmbeddedDerivativeFairValueOfEmbeddedDerivativeNet
3500000
CY2014 gevo Interest Expense Including Debt Issuance Costs
InterestExpenseIncludingDebtIssuanceCosts
12024000
CY2013 gevo Interest Expense Including Debt Issuance Costs
InterestExpenseIncludingDebtIssuanceCosts
9301000
CY2012 gevo Interest Expense Including Debt Issuance Costs
InterestExpenseIncludingDebtIssuanceCosts
6338000
CY2014Q2 gevo Nasdaq Listing Minimum Bid Price Requirement Description
NASDAQListingMinimumBidPriceRequirementDescription
On June 30, 2014, the Company received a deficiency letter from the Listing Qualifications Department of The NASDAQ Stock Market, notifying it that, for the prior 30 consecutive business days, the closing bid price of the Company’s common stock was not maintained at the minimum required closing bid price of at least $1.00 per share as required for continued listing on the NASDAQ Global Market. As part of the Company’s efforts to regain compliance with this requirement, the listing of the Company’s common stock was transferred from the NASDAQ Global Market to the NASDAQ Capital Market effective January 5, 2015. The transfer of the listing of the Company’s common stock to the NASDAQ Capital Market is not expected to have any impact on the trading in its common stock, and its common stock continues to trade under the symbol “GEVO.”
CY2014Q2 gevo Common Stock Minimum Bid Price
CommonStockMinimumBidPrice
1.00
CY2014Q2 gevo Number Of Consecutive Business Period To Maintain Minimum Bid Closing Price
NumberOfConsecutiveBusinessPeriodToMaintainMinimumBidClosingPrice
P30D
CY2014 gevo Additional Period Allowed To Regain Compliance With Listing Qualifications
AdditionalPeriodAllowedToRegainComplianceWithListingQualifications
P180D
CY2014Q4 gevo Minimum Bid Price Per Share Required To Regain Compliance With Listing Qualifications
MinimumBidPricePerShareRequiredToRegainComplianceWithListingQualifications
1.00
CY2014 gevo Regain Compliance With Listing Qualifications Period End Date
RegainComplianceWithListingQualificationsPeriodEndDate
2015-06-29

Files In Submission

Name View Source Status
0001564590-15-002081-index-headers.html Edgar Link pending
0001564590-15-002081-index.html Edgar Link pending
0001564590-15-002081.txt Edgar Link pending
0001564590-15-002081-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
g201503300601548002101.jpg Edgar Link pending
gevo-10k_20141231.htm Edgar Link pending
gevo-20141231.xml Edgar Link completed
gevo-20141231.xsd Edgar Link pending
gevo-20141231_cal.xml Edgar Link unprocessable
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