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BUSINESS SEGMENTS (Tables)
3 Months Ended
Jan. 31, 2016
Segment Reporting [Abstract]  
Schedule of Primary Business Segments [Table Text Block]

 

 

Ethanol Production

Ethanol and co-product production and sales

Natural gas pipeline

Ownership and operations of natural gas pipeline

 

Schedule of Segment Reporting Information, by Segment [Table Text Block]

 

The following tables summarize financial information by segment and provide a reconciliation of segment revenue, contribution to operating income, and total assets:

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Three Months Ended

 

 

 

January 31, 2016

 

January 31, 2015

 

Revenue:

    

(Unaudited)

    

(Unaudited)

 

Ethanol production

 

$

26,248,829

 

$

26,813,093

 

Natural gas pipeline

 

 

788,959

 

 

816,562

 

Eliminations

 

 

(449,223)

 

 

(452,206)

 

Total Revenue

 

$

26,588,565

 

$

27,177,449

 

 

 

 

 

 

 

 

 

 

 

Operating Income (Loss):

 

 

 

 

 

 

 

Ethanol production

    

$

(332,118)

    

$

678,513

 

Natural gas pipeline

 

 

496,692

 

 

404,550

 

Eliminations

 

 

(115,627)

 

 

(116,395)

 

Operating Income

 

$

48,947

 

$

966,668

 

 

 

 

 

 

 

 

 

 

 

 

 

 

January 31, 2016

 

 

October 31, 2015

 

Total Assets:

    

 

(Unaudited)

    

 

 

 

Ethanol production

 

$

52,691,207

 

$

53,663,064

 

Natural gas pipeline

 

 

12,691,396

 

 

13,033,320

 

Total assets

 

$

65,382,603

 

$

66,696,384