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Balance Sheets - USD ($)
Jan. 31, 2016
Oct. 31, 2015
Current Assets    
Cash $ 6,556,314 $ 12,696,536
Restricted cash 411,790  
Accounts receivable 5,283,744 9,667,472
Inventory 12,425,999 12,212,025
Commodity derivative instruments 171,813 677,149
Prepaid expenses and other current assets 1,921,807 259,862
Total current assets 26,771,467 35,513,044
Property, Plant and Equipment    
Net property, plant and equipment 83,943,748 84,304,162
Goodwill 1,372,473 1,372,473
Other Assets 809,865 821,402
Total Assets 112,897,553 122,011,081
Current Liabilities    
Checks drawn in excess of bank balance 5,341,768 1,836,682
Current maturities of long-term debt 584,674 517,957
Accounts payable 2,976,438 4,643,130
Corn payable to FCE 1,225,656 1,486,247
Commodity derivative instruments   1,114
Accrued expenses 693,685 654,550
Total current liabilities 10,822,221 9,139,680
Long-term Debt, less current portion $ 7,536,806 $ 6,711,975
Commitments and Contingencies
Members' equity attributable to Granite Falls Energy, LLC consists of 30,606 units authorized, issued, and outstanding $ 74,973,246 $ 84,602,607
Non-controlling interest 19,565,280 21,556,819
Total members' equity 94,538,526 106,159,426
Total Liabilities and Members’ Equity $ 112,897,553 $ 122,011,081