Annual report pursuant to Section 13 and 15(d)

Organization and Significant Accounting Policies (Tables)

v3.22.4
Organization and Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2022
Organization and Significant Accounting Polices [Abstract]  
Schedule of purchased corn from suppliers representing 10% or more of the Company’s total corn purchases
    Years Ended December 31,  
    2022     2021     2020  
Customer A     10 %     13 %     3 %
Customer B     10 %     9 %     9 %

 

Schedule of purchased corn from suppliers representing 10% or more of the Company’s total corn purchases
    Years Ended December 31,  
    2022     2021     2020  
Supplier A     12 %     14 %     16 %
Supplier B     15 %     2 %     %

 

Schedule of inventories
    December 31,  
    2022     2021  
Finished goods   $ 47,736     $ 35,509  
Work in progress     6,396       6,909  
Raw materials     11,197       10,837  
Other     1,299       1,118  
Total   $ 66,628     $ 54,373  

 

Schedule of depreciation is computed using the straight-line method
Buildings 40 years
Facilities and plant equipment 10 – 25 years
Other equipment, vehicles and furniture 5 – 10 years

 

Schedule of basic and diluted earnings per share
    Year Ended December 31, 2022  
    Loss
Numerator
    Shares
Denominator
    Per-Share
Amount
 
Net loss attributed to Alto Ingredients, Inc.   $ (41,597 )                
Less: Preferred stock dividends     (1,265 )                
Basic and diluted loss per share:                        
Loss available to common stockholders
  $ (42,862 )     71,944     $ (0.60 )

 

    Year Ended December 31, 2021  
    Income
Numerator
    Shares
Denominator
    Per-Share
Amount
 
Net income attributed to Alto Ingredients, Inc.   $ 46,082                  
Less: Preferred stock dividends     (1,265 )                
Less: Income allocated to participating securities     (600 )                
Basic income per share:                        
Income available to common stockholders   $ 44,217       71,098     $ 0.62  
Add: Dilutive securities    
      1,121          
Diluted income per share:                        
Income available to common stockholders   $ 44,217       72,219     $ 0.61  

 

    Year Ended December 31, 2020  
    Loss
Numerator
    Shares
Denominator
    Per-Share
Amount
 
Net loss attributed to Alto Ingredients, Inc.   $ (15,116 )                  
Less: Preferred stock dividends     (1,268 )                
Basic and diluted loss per share:                        
Loss available to common stockholders
  $ (16,384 )     58,609     $ (0.28 )