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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Jul. 31, 2020
Jul. 31, 2019
Consolidated Statements of Operations        
Revenues $ 34,131,600 $ 56,401,649 $ 120,594,848 $ 155,201,136
Cost of Goods Sold 34,426,573 52,657,354 134,378,555 155,186,219
Gross Profit (Loss) (294,973) 3,744,295 (13,783,707) 14,917
Operating Expenses 1,483,782 1,588,584 5,167,125 4,985,276
Operating Income (Loss) (1,778,755) 2,155,711 (18,950,832) (4,970,359)
Other Income (Expense):        
Other income, net 69,134 5,586 276,661 233,251
Interest income 1,181 50,133 44,850 166,844
Interest expense (136,538) (184,280) (353,650) (378,469)
Investment income (loss) 535,054   (56,435)  
Total other income (expense), net 468,831 (128,561) (88,574) 21,626
Net Income (Loss) (1,309,924) 2,027,150 (19,039,406) (4,948,733)
Less: Net (Income) Loss Attributable to Non-controlling Interest 2,027,699 (138,834) 6,373,295 1,356,898
Net Income (Loss) Attributable to Granite Falls Energy, LLC $ 717,775 $ 1,888,316 $ (12,666,111) $ (3,591,835)
Weighted Average Units Outstanding - Basic and Diluted (in units) 30,606 30,606 30,606 30,606
Net Income (Loss) Per Unit - Basic and Diluted $ 23.45 $ 61.70 $ (413.84) $ (117.36)
Distributions Per Unit (in dollars per unit)       $ 40.00