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Balance Sheets - USD ($)
Apr. 30, 2016
Oct. 31, 2015
Current Assets    
Cash $ 10,564,279 $ 12,696,536
Restricted cash 630,941  
Accounts receivable 1,899,734 9,667,472
Inventory 11,732,326 12,212,025
Commodity derivative instruments 126,874 677,149
Prepaid expenses and other current assets 454,379 259,862
Total current assets 25,408,533 35,513,044
Property, Plant and Equipment    
Property and Equipment, net 82,617,111 84,304,162
Goodwill 1,372,473 1,372,473
Other Assets 800,328 821,402
Total Assets 110,198,445 122,011,081
Current Liabilities    
Checks drawn in excess of bank balance 998,233 1,836,682
Current maturities of long-term debt 519,404 517,957
Accounts payable 3,904,330 4,643,130
Corn payable to FCE 1,853,442 1,486,247
Commodity derivative instruments 159,325 1,114
Accrued expenses 977,657 654,550
Total current liabilities 8,412,391 9,139,680
Long-term Debt, less current portion $ 6,535,140 $ 6,711,975
Commitments and Contingencies
Members' equity attributable to Granite Falls Energy, LLC consists of 30,606 units authorized, issued, and outstanding $ 75,672,760 $ 84,602,607
Non-controlling interest 19,578,154 21,556,819
Total members' equity 95,250,914 106,159,426
Total Liabilities and Members’ Equity $ 110,198,445 $ 122,011,081