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Condensed Consolidated Balance Sheets - USD ($)
Jan. 31, 2018
Oct. 31, 2017
Current Assets    
Cash $ 6,638,645 $ 21,658,422
Restricted cash 547,132 75,189
Accounts receivable 7,442,899 7,622,601
Inventory 15,736,482 15,241,092
Commodity derivative instruments 36,525 244,294
Prepaid expenses and other current assets 702,650 361,340
Total current assets 31,104,333 45,202,938
Property, Plant and Equipment    
Property and Equipment, net 70,414,786 72,271,013
Goodwill 1,372,473 1,372,473
Investment 7,500,000 7,500,000
Other Assets 733,569 743,106
Total Assets 111,125,161 127,089,530
Current Liabilities    
Current maturities of long-term debt 333,015 432,183
Checks drawn in excess of bank balance 1,151,278  
Accounts payable 4,833,477 7,535,468
Commodity derivative instruments 76,264 40,379
Accrued expenses 1,198,817 972,043
Total current liabilities 7,592,851 8,980,073
Long-Term Debt, less current portion 8,453,826 8,465,502
Commitments and Contingencies
Members' equity attributable to Granite Falls Energy, LLC consists of 30,606 units authorized, issued, and outstanding at both January 31, 2018 and October 31, 2017 73,271,176 83,998,672
Non-controlling interest 21,807,308 25,645,283
Total members' equity 95,078,484 109,643,955
Total Liabilities and Members’ Equity $ 111,125,161 $ 127,089,530