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Commitments and Major Customer
9 Months Ended
Jun. 30, 2012
Commitments and Major Customer [Abstract]  
Commitments and Major Customer
Commitments and Major Customer

On September 25, 2009, the Company entered into a agreement with an unrelated entity. The agreement became effective on October 1, 2009. The unrelated entity is responsible for marketing and purchasing all of the ethanol produced by the Company. For the three months and nine months ended June 30, 2012 the Company has expensed $148,234 and $500,453, respectively, under this agreement for marketing fees. For the three months and nine months ended June 30, 2011 the Company has expensed $159,529 and $518,300, respectively. Revenues with this customer were $24,437,615 and $89,578,418 for the three and six months ended June 30, 2012 , respectively. For the three months and nine months ended June 30, 2011, revenues with this customer were $32,845,845 and $97,281,863, respectively. Trade accounts receivable of $4,437,273 was due from the customer as of June 30, 2012.

The Company has an agreement with an unrelated entity for marketing, selling and distributing the distiller's grains. For the three months and nine months ended June 30, 2012, the Company has expensed marketing fees of $131,250 and $431,134, respectively, under this agreement. The company has expensed marketing fees of $134,117 and $377,814 for the three months and nine months ended June 30, 2011, respectively. Revenues with this customer were $7,785,156 and $25,636,445 for the three months and nine months ended June 30, 2012 , respectively. For the three months and nine months ended June 30, 2011, revenues with this customer were $7,906,409 and $22,464,052, respectively. Trade accounts receivable of $1,376,047 was due from the customer as of June 30, 2012.

The Company has an agreement with an unrelated party to provide the coal supply for the ethanol plant. The agreement expires on January 1, 2013. The agreement is subject to a minimum purchase requirement. For the calendar year 2012 the estimated purchase commitments totals $5,930,400. For the three months and nine months ended June 30, 2012 the Company has purchased $1,512,147 and $5,258,170, respectively, of coal under this contract. For the three months and nine months ended June 30, 2011 is $1,672,384 and $5,041,505, respectively.

The Company has entered into a variable contract with a supplier of denaturant. The variable contract is for a minimum purchase of 180,000 gallons at the average of the OPIS Conway In-Well Natural Gasoline High and Low price plus $.1875/usg. The term of the contract is from July 1, 2012 through September 30, 2012. The minimum future purchase commitment is $346,950.