Exhibit 12.1

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	)