Summary of Significant Accounting Policies (Tables)

12 Months Ended

Oct. 31, 2019

Accounting Policies [Abstract]

Schedule of Disaggregation of Revenue

The following table depicts the disaggregation of revenue according to product line for the fiscal years ended October 31, 2019, and 2018:

	Fiscal Year Ended October 31, 2019		Fiscal Year Ended October 31, 2018
Revenue Sources	Amount		Amount
Ethanol Sales	$	75,541,437	$	72,664,310
Modified Distillers Grains Sales	3,874,384		3,323,857
Dried Distillers Grains Sales	14,700,718		15,641,622
Corn Oil Sales	3,132,570		3,313,957
Total Revenues	$	97,249,109	$	94,943,746

Summary of Contract Assets and Liabilities

The following table provides information about receivables and contract liabilities from contracts with customers:

	October 31, 2019		October 31, 2018
Accounts receivable	$	2,643,352	$	1,061,970
Short term contract liabilities	4,947		—

Schedule of Property, Plant and Equipment

Depreciation is computed using the straight-line method over the following estimated useful lives:

	Minimum Years	Maximum Years
Land improvements	15	20
Buildings	10	20
Office equipment	5	5
Plant and process equipment	10	20
Vehicles	7	7