Business Description and Basis of Presentation [Text Block] | 1. Nature of Business, Financial Condition and Basis of Presentation Nature of Business zero Gevo uses low-carbon, renewable resource-based carbohydrates as raw materials. In the near-term, Gevo's feedstocks will primarily consist of non-food corn. As Gevo's technology is applied globally, feedstocks can consist of sugar cane, molasses or other cellulosic sugars derived from wood, agricultural residues and waste. Gevo's patented fermentation yeast biocatalyst produces isobutanol, a four Ultimately, the Company believes that the attainment of profitable operations is dependent upon future events, including (i) completing certain capital improvements at the Company's production facility located in Luverne, Minnesota (the "Luverne Facility") to increase the production capacity of renewable gasoline and jet fuel and other related products that can be made from isobutanol; (ii) completing the Company's development activities resulting in commercial production and sales of renewable hydrocarbon products; (iii) obtaining adequate financing to complete the Company's development activities, including the build out of renewable hydrocarbon capacity; (iv) gaining market acceptance and demand for the Company's products and services; (v) attracting and retaining qualified personnel; and (vi) achieving a level of revenues adequate to support the Company's cost structure. COVID- 19. 19" third 19 The Company expects that the impact of the COVID- 19 2020. first 2020 19 second 2020 81% 2019. 2020. As an increasing percentage of the Company's employees work remotely, the Company faces the risk that unusual working arrangements could impact the effectiveness of its operations or controls. A potential COVID- 19 19 There is also a risk that the COVID- 19 2020 19 19 The Company has considered multiple scenarios, with both positive and negative inputs, as part of the significant estimates and assumptions that are inherent in its financial statements and are based on trends in customer behavior and the economic environment throughout the quarter ended June 30, 2020 19 may not June 30, 2020. may may In response to the impact of the COVID- 19 20% April 1, 2020 July 31, 2020. 20% 20% 20% July 31, 2020, 20% In addition, in connection with the impact that the COVID- 19 April 22, 2020 ( may not June 30, 2024 12 The Delta Amendment also revises the credit support terms in the Delta Agreement to state that the Company and Delta will work to mutually agree upon credit support terms for the take or pay that are acceptable to the Company's lender to enable the Company to obtain third may In addition, the Delta Amendment revises the ATJ pricing in the Delta Agreement to the extent that if Brent Crude is below a certain cutoff price as of the date that is 60 may 10 Restructuring Expenses. first 2020, 19 March 2020, 26 four one one The Company incurred $0.1 $0.2 no six June 30, 2020, Restructuring expenses $0.02 $0.3 six June 30, 2020. The Company intends to continue developing its hydrocarbon business, including the planned expansion of the Luverne Facility, and the Company expects to move forward in securing the project funding needed to expand the Luverne Facility. The expansion is designed to allow the Company to produce large quantities of low carbon isobutanol, sustainable aviation fuel and renewable isooctane. The Company also expects to continue engineering efforts for the expansion of isobutanol production and the construction of a commercial renewable hydrocarbon production facility, as well as additional decarbonization projects, at the Luverne Facility. As of June 30, 2020, "Accounts payable and accrued liabilities December 31, 2019 Additions Payments June 30, 2020 Severance (including payroll taxes) $ — $ 96 $ (96 ) $ — Lease agreements — 208 (120 ) 88 Total $ — $ 304 $ (216) $ 88 Financial Condition six June 30, 2020 2019, $15.3 $13.2 $473.3 June 30, 2020. June 30, 2020 $6.3 The Company expects to incur future net losses as it continues to fund the development and commercialization of its product candidates. To date, the Company has financed its operations primarily with proceeds from issuance of equity and debt securities, borrowings under debt facilities and product sales. The Company's transition to profitability is dependent upon, among other things, the successful development and commercialization of its product candidates and the achievement of a level of revenues adequate to support the Company's cost structure. The Company may may may no Existing working capital was not one six June 30, 2020 may not At-the-Market Offering Program. February 2018, August 2019, $10.7 During the six June 30, 2020, 1,343,121 $2.2 As of June 30, 2020, $6.5 Basis of Presentation. not y at June 30 , 2020 not 8 10 December 31, 2019. Income Taxes. no Concentration of Business Risk. June 30, 2020, two 63% 15% December 31, 2019, three 57%, 13% 15% For the three June 30, 2020, 76% 11% three June 30, 2019, 77% 18% six June 30, 2020, 60%, 17% 16% six June 30, 2019, 72% 18% 14 Related Party Transaction. three June 30, 2020, $0.1 no June 30, 2020. |