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Consolidated Balance Sheets - USD ($)
Oct. 31, 2017
Oct. 31, 2016
Current Assets    
Cash $ 21,658,422 $ 13,797,857
Restricted cash 75,189  
Accounts receivable 7,622,601 6,654,994
Inventory 15,241,092 18,341,413
Commodity derivative instruments 244,294 1,228,926
Prepaid expenses and other current assets 361,340 325,989
Total current assets 45,202,938 40,349,179
Property, Plant and Equipment    
Property and Equipment, net 72,271,013 78,968,016
Goodwill 1,372,473 1,372,473
Investment 7,500,000  
Other Assets 743,106 781,254
Total Assets 127,089,530 121,470,922
Current Liabilities    
Current maturities of long-term debt 432,183 490,057
Checks drawn in excess of bank balance   1,866,683
Accounts payable 7,535,468 5,624,840
Corn payable to FCE   5,358,111
Commodity derivative instruments 40,379  
Accrued expenses 972,043 997,319
Total current liabilities 8,980,073 14,337,010
Long-Term Debt, less current portion 8,465,502 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 October 31, 2017 and 2016 83,998,672 83,684,529
Non-controlling interest 25,645,283 22,055,714
Total members' equity 109,643,955 105,740,243
Total Liabilities and Members’ Equity $ 127,089,530 $ 121,470,922