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Condensed Consolidated Balance Sheets - USD ($)
Jan. 31, 2020
Oct. 31, 2019
Current Assets    
Cash $ 8,426,643 $ 13,521,774
Restricted cash 42,221 52,516
Accounts receivable 1,961,046 7,427,895
Inventory 18,254,904 13,803,025
Commodity derivative instruments 571,198 823,098
Prepaid expenses and other current assets 1,060,639 534,948
Total current assets 30,316,651 36,163,256
Property, Plant and Equipment    
Property and Equipment, net 55,986,043 58,269,142
Goodwill 1,372,473 1,372,473
Investments 9,426,269 9,327,584
Operating lease right of use asset 22,163,764  
Other Assets 697,254 922,254
Total Assets 119,962,454 106,054,709
Current Liabilities    
Current maturities of long-term debt 1,405,406 1,405,406
Checks drawn in excess of bank balances 724,292  
Accounts payable 7,058,001 11,168,471
Commodity derivative instruments 17,175  
Accrued expenses 991,254 780,795
Operating lease, current liabilities 3,575,612  
Total current liabilities 13,771,740 13,354,672
Long-Term Debt, less current portion 6,441,602 6,639,488
Operating Lease, long-term liabilities 18,588,152  
Other Long-Term Liabilities 1,387,481 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 January 31, 2020 and October 31, 2019 63,889,119 65,468,635
Non-controlling interest 15,884,360 19,215,914
Total members' equity 79,773,479 84,684,549
Total Liabilities and Members’ Equity $ 119,962,454 $ 106,054,709