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Condensed Consolidated Balance Sheets - USD ($)
Jan. 31, 2017
Oct. 31, 2016
Current Assets    
Cash $ 3,190,935 $ 13,797,857
Accounts receivable 4,352,618 6,654,994
Inventory 18,612,499 18,341,413
Commodity derivative instruments 892,711 1,228,926
Prepaid expenses and other current assets 397,987 325,989
Total current assets 27,446,750 40,349,179
Property, Plant and Equipment    
Property and Equipment, net 77,046,207 78,968,016
Goodwill 1,372,473 1,372,473
Investment 750,000  
Other Assets 771,717 781,254
Total Assets 107,387,147 121,470,922
Current Liabilities    
Current maturities of long-term debt 462,086 490,057
CHecks drawn in excess of bank balance 636,678 1,866,683
Accounts payable 3,523,335 5,624,840
Corn payable to FCE 29,790 5,358,111
Commodity derivative instruments 122,800  
Accrued expenses 1,161,856 997,319
Total current liabilities 5,936,545 14,337,010
Long-term Debt, less current portion 1,292,753 1,393,669
Commitments and Contingencies
Members' equity attributable to Granite Falls Energy, LLC consists of 30,606 units authorized, issued, and outstanding at both January 31, 2017 and October 31, 2016 76,673,130 83,684,529
Non-controlling interest 23,484,719 22,055,714
Total members' equity 100,157,849 105,740,243
Total Liabilities and Members’ Equity $ 107,387,147 $ 121,470,922