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Condensed Consolidated Balance Sheets - USD ($)
Apr. 30, 2020
Oct. 31, 2019
Current Assets    
Cash $ 5,868,761 $ 13,521,774
Restricted cash 351,068 52,516
Accounts receivable 159,793 7,427,895
Inventory 13,535,362 13,803,025
Commodity derivative instruments 359,269 823,098
Prepaid expenses and other current assets 1,093,065 534,948
Total current assets 21,367,318 36,163,256
Property, Plant and Equipment    
Property and Equipment, net 54,080,658 58,269,142
Goodwill 1,372,473 1,372,473
Investments 8,736,095 9,327,584
Operating lease right of use asset 21,173,883  
Other Assets 697,254 922,254
Total Assets 107,427,681 106,054,709
Current Liabilities    
Current maturities of long-term debt 1,405,406 1,405,406
Checks drawn in excess of bank balances 807,756  
Accounts payable 1,666,116 11,168,471
Commodity derivative instruments 241,650  
Accrued expenses 2,469,394 780,795
Operating lease, current liabilities 3,622,457  
Total current liabilities 10,212,779 13,354,672
Long-Term Debt, less current portion 13,534,447 6,639,488
Operating Lease, long-term liabilities 17,551,426  
Other Long-Term Liabilities 1,398,962 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 April 30, 2020 and October 31, 2019 52,005,932 65,468,635
Non-controlling interest 12,724,135 19,215,914
Total members' equity 64,730,067 84,684,549
Total Liabilities and Members’ Equity $ 107,427,681 $ 106,054,709