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BUSINESS SEGMENTS (Tables)
12 Months Ended
Oct. 31, 2020
BUSINESS SEGMENTS  
Schedule of business segments

 

 

 

Ethanol Production:

    

Ethanol and co-product production and sales

Natural gas pipeline:

 

Ownership and operations of natural gas pipeline

 

Reconciliation of segment revenue

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue:

 

2020

 

2019

 

 

Ethanol production

 

$

74,622,495

 

$

105,395,553

 

 

Natural gas pipeline

 

 

2,924,684

 

 

3,182,958

 

 

Eliminations

 

 

(1,517,338)

 

 

(1,751,066)

 

 

Total Revenue

 

$

76,029,841

 

$

106,827,445

 

 

 

Schedule of operating income (loss) and total assets

 

 

 

 

 

 

 

 

 

Operating Income (Loss):

 

2020

 

2019

 

 

Ethanol production

    

$

(15,330,752)

    

$

(6,594,653)

 

 

Natural gas pipeline

 

 

1,459,545

 

 

1,878,935

 

 

Eliminations

 

 

(498,562)

 

 

(666,827)

 

 

Operating Loss

 

$

(14,369,769)

 

$

(5,382,545)

 

 

 

 

 

 

 

 

 

 

 

Assets:

 

2020

 

2019

 

Ethanol production

 

$

49,613,394

 

$

44,097,379

 

Natural gas pipeline

 

 

13,466,787

 

 

12,498,536

 

Total Assets

 

$

63,080,181

 

$

56,595,915