Risk Factors Update Summary
- Adverse economic conditions can affect our business, including disruptions and price inflation for raw materials.
- The expiration or loss of governmental programs supporting biomass-based diesel could have a material adverse effect.
- The maximum credit under the CFPC is $1.00 per gallon of biodiesel, requiring zero GHG emissions.
- Changes in biodiesel feedstock costs could impact our ability to benefit from government subsidies.
- Sales to the three largest biodiesel customers totaled 35% of total revenue in 2023.
- We may be unable to obtain needed financing due to inflation, high interest rates, and adverse market conditions.
- We are exposed to fluctuations in market values of investments and cash equivalents, with cash balances of $90 million.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1337298&owner=exclude
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