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Consolidated Balance Sheets - USD ($)
Oct. 31, 2019
Oct. 31, 2018
Current Assets    
Cash $ 4,541,295 $ 5,995,982
Restricted cash 52,516  
Accounts receivable 4,891,249 3,952,687
Inventory 6,276,258 6,398,686
Commodity derivative instruments 95,823 425,638
Prepaid expenses and other current assets 408,325 392,980
Total current assets 16,265,466 17,165,973
Property and Equipment, net 39,408,195 44,149,925
Other assets 922,254 704,958
Total Assets 56,595,915 62,020,856
Current Liabilities    
Current maturities of long-term debt 333,977 391,934
Accounts payable 5,386,618 5,413,915
Commodity derivative instruments   25,180
Accrued expenses 423,266 843,875
Total current liabilities 6,143,861 6,674,904
Long-Term Debt, less current portion 300,203 567,267
Other Long-Term Liabilities 551,000  
Commitments and Contingencies
Members' Equity    
Members' equity attributable to Heron Lake BioEnergy, LLC consists of 77,932,107 units issued and outstanding at October 31, 2019 and 2018 47,599,276 53,054,846
Non-controlling interest 2,001,575 1,723,839
Total members' equity 49,600,851 54,778,685
Total Liabilities and Members' Equity $ 56,595,915 $ 62,020,856