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Condensed Consolidated Balance Sheets - USD ($)
Apr. 30, 2017
Oct. 31, 2016
Current Assets    
Cash $ 17,041,777 $ 13,797,857
Restricted Cash 178,766  
Accounts receivable 609,634 6,654,994
Inventory 13,992,183 18,341,413
Commodity derivative instruments 357,436 1,228,926
Prepaid expenses and other current assets 584,864 325,989
Total current assets 32,764,660 40,349,179
Property, Plant and Equipment    
Property and Equipment, net 74,940,629 78,968,016
Goodwill 1,372,473 1,372,473
Investment 750,000  
Other Assets, Noncurrent 762,180 781,254
Total Assets 110,589,942 121,470,922
Current Liabilities    
Current maturities of long-term debt 444,123 490,057
CHecks drawn in excess of bank balance   1,866,683
Accounts payable 3,327,146 5,624,840
Corn payable to FCE 1,609,263 5,358,111
Commodity derivative instruments 7,813  
Accrued expenses 1,445,675 997,319
Total current liabilities 6,834,020 14,337,010
Long-term Debt, less current portion 1,281,710 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 April 30, 2017 and October 31, 2016 78,520,606 83,684,529
Non-controlling interest 23,953,606 22,055,714
Total members' equity 102,474,212 105,740,243
Total Liabilities and Members’ Equity $ 110,589,942 $ 121,470,922