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Condensed Consolidated Balance Sheets - USD ($)
Jul. 31, 2019
Oct. 31, 2018
Current Assets    
Cash $ 11,891,338 $ 14,901,091
Restricted cash 113,807  
Accounts receivable 5,245,713 7,325,203
Inventory 17,747,132 14,916,809
Commodity derivative instruments 453,165 957,938
Prepaid expenses and other current assets 885,316 506,926
Total current assets 36,336,471 38,607,967
Property, Plant and Equipment    
Property and Equipment, net 60,035,255 66,675,671
Goodwill 1,372,473 1,372,473
Investments 10,000,000 9,500,000
Other Assets 676,347 704,958
Total Assets 108,420,546 116,861,069
Current Liabilities    
Current maturities of long-term debt 1,212,820 659,791
Accounts payable 8,256,588 10,033,168
Commodity derivative instruments 61,600 50,360
Accrued expenses 1,054,530 1,388,293
Total current liabilities 10,585,538 12,131,612
Long-Term Debt, less current portion 7,077,920 7,799,410
Commitments and Contingencies
Members' equity attributable to Granite Falls Energy, LLC consists of 30,606 units authorized, issued, and outstanding at both July 31, 2019 and October 31, 2018 70,267,721 75,083,782
Non-controlling interest 20,489,367 21,846,265
Total members' equity 90,757,088 96,930,047
Total Liabilities and Members’ Equity $ 108,420,546 $ 116,861,069