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Consolidated Balance Sheets - USD ($)
Oct. 31, 2020
Oct. 31, 2019
Current Assets    
Cash $ 3,276,301 $ 4,541,295
Restricted cash 514,050 52,516
Accounts receivable 1,616,489 4,891,249
Inventory 7,063,675 6,276,258
Commodity derivative instruments 15,150 95,823
Prepaid expenses and other current assets 782,280 408,325
Total current assets 13,267,945 16,265,466
Property and Equipment, net 40,187,733 39,408,195
Operating lease right of use assets 9,291,249  
Other assets 333,254 922,254
Total Assets 63,080,181 56,595,915
Current Liabilities    
Current maturities of long-term debt 11,492,059 333,977
Checks drawn in excess of bank balances 692,984  
Accounts payable 6,916,045 5,386,618
Commodity derivative instruments 173,928  
Accrued expenses 496,513 423,266
Operating lease, current liabilities 1,344,258  
Total current liabilities 21,115,787 6,143,861
Long-Term Debt, less current portion 295,611 300,203
Operating Lease, long-term liabilities 7,946,991  
Other Long-Term Liabilities 596,924 551,000
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, 2020 and October 31, 2019 33,124,868 47,599,276
Non-controlling interest   2,001,575
Total members' equity 33,124,868 49,600,851
Total Liabilities and Members' Equity $ 63,080,181 $ 56,595,915