XML 19 R6.htm IDEA: XBRL DOCUMENT v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Jul. 31, 2020
Jul. 31, 2019
Cash Flow From Operating Activities:    
Net loss $ (12,551,369) $ (2,615,188)
Adjustments to reconcile net loss to net cash provided by (used in) operations:    
Depreciation and amortization 3,936,813 3,956,087
(Gain) loss on sale of asset (2,000) 4,864
Change in fair value of commodity derivative instruments 999,167 (670,652)
Change in operating assets and liabilities:    
Accounts receivable 4,618,187 3,191,915
Inventory 2,408,839 (2,431,544)
Commodity derivative instruments (900,010) 810,170
Prepaid expenses and other current assets (177,693) (297,902)
Accounts payable (3,428,588) (1,192,638)
Accrued expenses 682,346 (332,614)
Accrued railcar rehabilitation costs 34,443  
Net cash provided by (used in) operating activities (4,379,865) 422,498
Cash Flows from Investing Activities:    
Capital expenditures (2,252,359) (206,461)
Net cash used in investing activities (2,252,359) (206,461)
Cash Flows from Financing Activities:    
Checks drawn in excess of bank balance 685,724  
Proceeds from Paycheck Protection Program loan 595,693  
Proceeds from long-term debt 22,070,984  
Payments on long-term debt (16,966,880) (168,461)
Acquisition of non-controlling interest (2,000,000)  
Net cash provided by (used in) financing activities 4,385,521 (168,461)
Net increase (decrease) in Cash and Restricted Cash (2,246,703) 47,576
Cash and Restricted Cash—Beginning of Period 4,593,811 5,995,982
Cash and Restricted Cash—End of Period 2,347,108 6,043,558
Supplemental Disclosure of Cash Flow Information    
Interest expense 116,342 $ 58,320
Supplemental Disclosure of Non-Cash Investing and Financing Activities    
Capital expenditures included in accounts payable $ 1,609