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Condensed Consolidated Balance Sheets - USD ($)
Apr. 30, 2019
Oct. 31, 2018
Current Assets    
Cash $ 8,260,821 $ 14,901,091
Restricted cash 399,875  
Accounts receivable 7,343,885 7,325,203
Inventory 12,327,731 14,916,809
Commodity derivative instruments 69,951 957,938
Prepaid expenses and other current assets 1,068,068 506,926
Total current assets 29,470,331 38,607,967
Property, Plant and Equipment    
Property and Equipment, net 62,340,485 66,675,671
Goodwill 1,372,473 1,372,473
Investments 9,500,000 9,500,000
Other Assets 685,884 704,958
Total Assets 103,369,173 116,861,069
Current Liabilities    
Current maturities of long-term debt 1,113,488 659,791
Accounts payable 4,692,006 10,033,168
Commodity derivative instruments 98,776 50,360
Accrued expenses 1,401,153 1,388,293
Total current liabilities 7,305,423 12,131,612
Long-Term Debt, less current portion 7,333,812 7,799,410
Commitments and Contingencies
Members' equity attributable to Granite Falls Energy, LLC consists of 30,606 units authorized, issued, and outstanding at both April 30, 2019 and October 31, 2018 68,379,405 75,083,782
Non-controlling interest 20,350,533 21,846,265
Total members' equity 88,729,938 96,930,047
Total Liabilities and Members’ Equity $ 103,369,173 $ 116,861,069