Quarterly report pursuant to sections 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 6,983 $ 7,586
Accounts receivable, net 36,192 26,051
Inventories 19,148 16,244
Prepaid inventory 6,338 5,422
Other current assets 2,774 2,129
Total current assets 71,435 57,432
Property and equipment, net 150,915 150,409
Intangible assets, net 3,497 3,734
Other assets 4,550 3,388
Total other assets 8,047 7,122
Total Assets 230,397 214,963
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable - trade 10,571 5,104
Accrued liabilities 3,918 3,282
Current portion - long-term debt ($750 due to a related party) 6,405 4,029
Total current liabilities 20,894 12,415
Long-term debt, net of current portion 113,188 117,253
Accrued preferred dividends 5,120 5,852
Warrant liabilities and conversion feature at fair value 10,427 4,892
Other liabilities 6,896 1,644
Total Liabilities 156,525 142,056
Commitments and Contingencies (Notes 4, 5 and 7)      
Pacific Ethanol, Inc. Stockholders' Equity:    
Common stock, $0.001 par value; 300,000,000 shares authorized; 11,918,498 and 9,789,408 shares issued and outstanding as of June 30, 2013 and December 31, 2012, respectively 12 10
Additional paid-in capital 600,846 582,861
Accumulated deficit (535,340) (530,310)
Total Pacific Ethanol, Inc. Stockholders' Equity 65,519 52,562
Noncontrolling interest in variable interest entity 8,353 20,345
Total Stockholders' Equity 73,872 72,907
Total Liabilities and Stockholders' Equity 230,397 214,963
Series A Preferred Stock
    
Pacific Ethanol, Inc. Stockholders' Equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; Series A: 1,684,375 shares authorized; 0 shares issued and outstanding as of June 30, 2013 and December 31, 2012; Series B: 1,580,790 shares authorized; 926,942 shares issued and outstanding as of June 30, 2013 and December 31, 2012; liquidation preference of $23,196 as of June 30, 2013 0 0
Series B Preferred Stock
    
Pacific Ethanol, Inc. Stockholders' Equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; Series A: 1,684,375 shares authorized; 0 shares issued and outstanding as of June 30, 2013 and December 31, 2012; Series B: 1,580,790 shares authorized; 926,942 shares issued and outstanding as of June 30, 2013 and December 31, 2012; liquidation preference of $23,196 as of June 30, 2013 $ 1 $ 1