| Aemetis Inc., | ||||
| Computation of Ratio of Earnings to Fixed charges | ||||
| (in thousands, except ratios) | ||||
Quarter ended March 31 | Year ended December 31, | |||||||||||||||||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||||
| Earnings(losses) from continuing operations before taxes | $ | 7,693 | $ | (24,431 | ) | $ | (5,364 | ) | $ | (18,392 | ) | $ | (8,561 | ) | $ | (11,335 | ) | |||||||
| Additions: | ||||||||||||||||||||||||
| Fixed charges | 5,054 | 24,366 | 17,798 | 14,183 | 4,253 | 2,720 | ||||||||||||||||||
| Amortization of Capitalized interest | 12 | 48 | 222 | 31 | - | - | ||||||||||||||||||
| Subtractions: | ||||||||||||||||||||||||
| Non-controlling interest in Pre-tax income | - | - | - | (139 | ) | (362 | ) | |||||||||||||||||
| Interest Capitalized | 185 | 54 | ||||||||||||||||||||||
| Total Earnings for Ratio | $ | 12,759 | $ | (17 | ) | $ | 12,656 | $ | (4,363 | ) | $ | (4,223 | ) | $ | (8,253 | ) | ||||||||
| Fixed Charges | ||||||||||||||||||||||||
| Interest Expense | 2,920 | $ | 11,807 | $ | 10,111 | $ | 13,561 | $ | 4,033 | $ | 2,675 | |||||||||||||
| Amortization of debt issuance costs | 2,118 | 12,468 | 7,547 | - | - | - | ||||||||||||||||||
| Interest Capitalized | 185 | 54 | ||||||||||||||||||||||
| Estimate of interest within rent expense | 16 | 91 | 140 | 437 | 166 | 45 | ||||||||||||||||||
| Total Fixed Charges | $ | 5,054 | $ | 24,366 | $ | 17,798 | $ | 14,183 | $ | 4,253 | $ | 2,720 | ||||||||||||
| Ratio of earnings to fixed charges | 2.52 | - | - | - | - | - | ||||||||||||||||||
| Deficiency of earnings to fixed charges | $ | - | $ | (24,383 | ) | $ | (5,142 | ) | $ | (18,546 | ) | $ | (8,476 | ) | $ | (10,973 | ) | |||||||
