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Condensed Consolidated Balance Sheets - USD ($)
Jul. 31, 2018
Oct. 31, 2017
Current Assets    
Cash $ 15,405,720 $ 21,658,422
Restricted cash 132,914 75,189
Accounts receivable 2,640,142 7,622,601
Inventory 15,619,526 15,241,092
Commodity derivative instruments 554,627 244,294
Prepaid expenses and other current assets 615,569 361,340
Total current assets 34,968,498 45,202,938
Property, Plant and Equipment    
Property and Equipment, net 68,241,215 72,271,013
Goodwill 1,372,473 1,372,473
Investments 9,500,000 7,500,000
Other Assets 714,495 743,106
Total Assets 114,796,681 127,089,530
Current Liabilities    
Current maturities of long-term debt 322,048 432,183
Accounts payable 5,880,156 7,535,468
Commodity derivative instruments 70,392 40,379
Accrued expenses 859,686 972,043
Total current liabilities 7,132,282 8,980,073
Long-Term Debt, less current portion 8,295,555 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 July 31, 2018 and October 31, 2017 76,771,028 83,998,672
Non-controlling interest 22,597,816 25,645,283
Total members' equity 99,368,844 109,643,955
Total Liabilities and Members’ Equity $ 114,796,681 $ 127,089,530