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Consolidated Balance Sheets - USD ($)
Oct. 31, 2019
Oct. 31, 2018
Current Assets    
Cash $ 13,521,774 $ 14,901,091
Restricted cash 52,516  
Accounts receivable 7,427,895 7,325,203
Inventory 13,803,025 14,916,809
Commodity derivative instruments 823,098 957,938
Prepaid expenses and other current assets 534,948 506,926
Total current assets 36,163,256 38,607,967
Property, Plant and Equipment    
Property and Equipment, net 58,269,142 66,675,671
Goodwill 1,372,473 1,372,473
Investments 9,327,584 9,500,000
Other Assets 922,254 704,958
Total Assets 106,054,709 116,861,069
Current Liabilities    
Current maturities of long-term debt 1,405,406 659,791
Accounts payable 11,168,471 10,033,168
Commodity derivative instruments   50,360
Accrued expenses 780,795 1,388,293
Total current liabilities 13,354,672 12,131,612
Long-Term Debt, less current portion 6,639,488 7,799,410
Other Long-Term Liabilities 1,376,000  
Commitments and Contingencies
Members' equity attributable to Granite Falls Energy, LLC consists of 30,606 units authorized, issued, and outstanding at both October 31, 2019 and 2018 65,468,635 75,083,782
Non-controlling interest 19,215,914 21,846,265
Total members' equity 84,684,549 96,930,047
Total Liabilities and Members’ Equity $ 106,054,709 $ 116,861,069