2.2.0.25falsefalse10601 - Disclosure - Notes Payabletruefalsefalse1falsefalseUSDfalsefalse10/1/2010 - 3/31/2011
USD ($)
$Duration_10_1_2010_To_3_31_2011http://www.sec.gov/CIK0001424844duration2010-10-01T00:00:002011-03-31T00:00:00Unit1Standardhttp://www.xbrl.org/2003/iso4217USDiso42170Unit12Standardhttp://www.xbrl.org/2003/instancesharesxbrli0USDUSD$2true0us-gaap_NotesPayableAbstractus-gaaptruenadurationNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalsefalse| 1falsefalsefalse00falsefalsefalsefalsefalse | Otherxbrli:stringItemTypestringNo definition available.falsefalse
3false0cik_NotesPayableTextBlockcikfalsenadurationNotes Payable [Text Block]falsefalsefalsefalsefalsefalsefalsefalsefalsefalseterselabel| 1falsefalsefalse00<div>
<p style="text-align: justify; margin: 0in 0in 6pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"><b><font style="font-size: 10pt;" class="_mt">Note 6: Notes Payable</font></b><font style="font-size: 10pt;" class="_mt"> </font></p>
<p style="text-align: justify; margin: 0in 0in 6pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"><font style="font-size: 10pt;" class="_mt"> </font> </p>
<p style="text-align: justify; margin: 0in 0in 6pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"><font style="font-size: 10pt;" class="_mt">Notes payable consists of the following as March 31, 2011</font><font style="font-size: 10pt;" class="_mt"> </font><font style="font-size: 10pt;" class="_mt">and September 30</font><font style="font-size: 10pt;" class="_mt">, 2010</font><font style="font-size: 10pt;" class="_mt">:</font></p>
<table style="border-collapse: collapse; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" width="739">
<tr style="height: 11.65pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 312.95pt; padding-right: 5.4pt; height: 11.65pt; padding-top: 0in;" valign="top" width="417">
<p style="margin: 0in 0in 6pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 16.45pt; padding-right: 5.4pt; height: 11.65pt; padding-top: 0in;" valign="top" width="22">
<p style="margin: 0in 0in 6pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="border-bottom: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 100.65pt; padding-right: 5.4pt; height: 11.65pt; padding-top: 0in;" valign="top" width="134">
<p style="text-align: center; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="center"><font style="font-size: 10pt;" class="_mt">March 31, 2011</font><font style="font-size: 10pt;" class="_mt"> </font></p></td>
<td style="border-bottom: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 12.05pt; padding-right: 5.4pt; height: 11.65pt; padding-top: 0in;" valign="top" width="16">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="border-bottom: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 112.3pt; padding-right: 5.4pt; height: 11.65pt; padding-top: 0in;" valign="top" width="150">
<p style="text-align: center; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="center"><font style="font-size: 10pt;" class="_mt">September 30, 2010</font><font style="font-size: 10pt;" class="_mt"> </font></p></td></tr>
<tr style="height: 39pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 312.95pt; padding-right: 5.4pt; height: 39pt; padding-top: 0in;" valign="top" width="417">
<p style="text-align: justify; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"><font style="font-size: 10pt;" class="_mt">$300,000 Note payable to IDED, a non-interest bearing obligation with monthly payments of $2,500 due through the maturity date of March 2016 on the non-forgivable portion. </font><b><sup><font style="font-family: 'Times New Roman Bold','serif'; font-size: 10pt;" class="_mt">(A)</font></sup></b><font style="font-size: 10pt;" class="_mt"> </font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 16.45pt; padding-right: 5.4pt; height: 39pt; padding-top: 0in;" valign="top" width="22">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"><font style="font-size: 10pt;" class="_mt">$</font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 100.65pt; padding-right: 5.4pt; height: 39pt; padding-top: 0in;" valign="top" width="134">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"><font style="font-size: 10pt;" class="_mt">295,000<font style="background: lime;" class="_mt"> </font></font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.05pt; padding-right: 5.4pt; height: 39pt; padding-top: 0in;" valign="top" width="16">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"><font style="font-size: 10pt;" class="_mt">$</font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 112.3pt; padding-right: 5.4pt; height: 39pt; padding-top: 0in;" valign="top" width="150">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"><font style="font-size: 10pt;" class="_mt">-</font></p></td></tr>
<tr style="height: 39pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 312.95pt; padding-right: 5.4pt; height: 39pt; padding-top: 0in;" valign="top" width="417">
<p style="text-align: justify; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p>
<p style="text-align: justify; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"><font style="font-size: 10pt;" class="_mt">$200,000 Note payable to Iowa Department Economic Development ("<u>IDED</u>") a non-interest bearing obligation with monthly payments of $1,667 due through the maturity date of March 2012 on the non-forgivable portion. </font><b><sup><font style="font-family: 'Times New Roman Bold','serif'; font-size: 10pt;" class="_mt">(A)</font></sup></b><font style="font-size: 10pt;" class="_mt"> </font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 16.45pt; padding-right: 5.4pt; height: 39pt; padding-top: 0in;" valign="top" width="22">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 100.65pt; padding-right: 5.4pt; height: 39pt; padding-top: 0in;" valign="top" width="134">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"><font style="font-size: 10pt;" class="_mt">18,333<font style="background: lime;" class="_mt"> </font></font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.05pt; padding-right: 5.4pt; height: 39pt; padding-top: 0in;" valign="top" width="16">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 112.3pt; padding-right: 5.4pt; height: 39pt; padding-top: 0in;" valign="top" width="150">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"><font style="font-size: 10pt;" class="_mt">28,333</font></p></td></tr>
<tr style="height: 11.65pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 312.95pt; padding-right: 5.4pt; height: 11.65pt; padding-top: 0in;" valign="top" width="417">
<p style="text-align: justify; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 16.45pt; padding-right: 5.4pt; height: 11.65pt; padding-top: 0in;" valign="top" width="22">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 100.65pt; padding-right: 5.4pt; height: 11.65pt; padding-top: 0in;" valign="bottom" width="134">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.05pt; padding-right: 5.4pt; height: 11.65pt; padding-top: 0in;" valign="top" width="16">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 112.3pt; padding-right: 5.4pt; height: 11.65pt; padding-top: 0in;" valign="bottom" width="150">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p></td></tr>
<tr style="height: 31.95pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 312.95pt; padding-right: 5.4pt; height: 31.95pt; padding-top: 0in;" valign="top" width="417">
<p style="text-align: justify; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"><font style="font-size: 10pt;" class="_mt">Note payable to affiliate Holdings, bearing interest at LIBOR plus 7.50-10.5% with a floor of 3.00% (7.96% at March 31</font><font style="font-size: 10pt;" class="_mt">, 2011</font><font style="font-size: 10pt;" class="_mt">); maturity on August 31, 2014. </font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 16.45pt; padding-right: 5.4pt; height: 31.95pt; padding-top: 0in;" valign="top" width="22">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 100.65pt; padding-right: 5.4pt; height: 31.95pt; padding-top: 0in;" valign="bottom" width="134">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"><font style="font-size: 10pt;" class="_mt">30,438,805<font style="background: lime;" class="_mt"> </font></font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.05pt; padding-right: 5.4pt; height: 31.95pt; padding-top: 0in;" valign="top" width="16">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 112.3pt; padding-right: 5.4pt; height: 31.95pt; padding-top: 0in;" valign="bottom" width="150">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"><font style="font-size: 10pt;" class="_mt">29,220,130</font></p></td></tr>
<tr style="height: 9.4pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 312.95pt; padding-right: 5.4pt; height: 9.4pt; padding-top: 0in;" valign="top" width="417">
<p style="text-align: justify; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 16.45pt; padding-right: 5.4pt; height: 9.4pt; padding-top: 0in;" valign="top" width="22">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 100.65pt; padding-right: 5.4pt; height: 9.4pt; padding-top: 0in;" valign="top" width="134">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.05pt; padding-right: 5.4pt; height: 9.4pt; padding-top: 0in;" valign="top" width="16">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 112.3pt; padding-right: 5.4pt; height: 9.4pt; padding-top: 0in;" valign="top" width="150">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p></td></tr>
<tr style="height: 9.4pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 312.95pt; padding-right: 5.4pt; height: 9.4pt; padding-top: 0in;" valign="top" width="417">
<p style="text-align: justify; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"><font style="font-size: 10pt;" class="_mt">Note payable to affiliate ICM, bearing interest at LIBOR plus 7.50-10.5% with a floor of 3.00% (7.96% at March 31</font><font style="font-size: 10pt;" class="_mt">, 2011</font><font style="font-size: 10pt;" class="_mt">); maturity on August 31, 2014.</font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 16.45pt; padding-right: 5.4pt; height: 9.4pt; padding-top: 0in;" valign="top" width="22">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 100.65pt; padding-right: 5.4pt; height: 9.4pt; padding-top: 0in;" valign="top" width="134">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"><font style="font-size: 10pt;" class="_mt">10,481,102<font style="background: lime;" class="_mt"> </font></font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.05pt; padding-right: 5.4pt; height: 9.4pt; padding-top: 0in;" valign="top" width="16">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 112.3pt; padding-right: 5.4pt; height: 9.4pt; padding-top: 0in;" valign="top" width="150">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"><font style="font-size: 10pt;" class="_mt">10,061,472</font></p></td></tr>
<tr style="height: 3pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 312.95pt; padding-right: 5.4pt; height: 3pt; padding-top: 0in;" valign="top" width="417">
<p style="text-align: justify; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 16.45pt; padding-right: 5.4pt; height: 3pt; padding-top: 0in;" valign="top" width="22">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 100.65pt; padding-right: 5.4pt; height: 3pt; padding-top: 0in;" valign="top" width="134">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.05pt; padding-right: 5.4pt; height: 3pt; padding-top: 0in;" valign="top" width="16">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 112.3pt; padding-right: 5.4pt; height: 3pt; padding-top: 0in;" valign="top" width="150">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p></td></tr>
<tr style="height: 31.95pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 312.95pt; padding-right: 5.4pt; height: 31.95pt; padding-top: 0in;" valign="top" width="417">
<p style="text-align: justify; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"><font style="font-size: 10pt;" class="_mt">Term facility and term revolver payable to AgStar bearing interest at LIBOR plus 3.45% to 3.25%, with a 5.00% floor (5.00% at March 31</font><font style="font-size: 10pt;" class="_mt">, 2011</font><font style="font-size: 10pt;" class="_mt">); maturity on August 1, 2014.</font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 16.45pt; padding-right: 5.4pt; height: 31.95pt; padding-top: 0in;" valign="top" width="22">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 100.65pt; padding-right: 5.4pt; height: 31.95pt; padding-top: 0in;" valign="top" width="134">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"><font style="font-size: 10pt;" class="_mt">89,012,914</font></p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"><font style="font-size: 10pt;" class="_mt">10,000,000<font style="background: lime;" class="_mt"> </font></font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.05pt; padding-right: 5.4pt; height: 31.95pt; padding-top: 0in;" valign="top" width="16">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 112.3pt; padding-right: 5.4pt; height: 31.95pt; padding-top: 0in;" valign="top" width="150">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"><font style="font-size: 10pt;" class="_mt">95,366,726</font></p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"><font style="font-size: 10pt;" class="_mt">10,000,000</font></p></td></tr>
<tr style="height: 10.75pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 312.95pt; padding-right: 5.4pt; height: 10.75pt; padding-top: 0in;" valign="top" width="417">
<p style="text-align: justify; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 16.45pt; padding-right: 5.4pt; height: 10.75pt; padding-top: 0in;" valign="top" width="22">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 100.65pt; padding-right: 5.4pt; height: 10.75pt; padding-top: 0in;" valign="top" width="134">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.05pt; padding-right: 5.4pt; height: 10.75pt; padding-top: 0in;" valign="top" width="16">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 112.3pt; padding-right: 5.4pt; height: 10.75pt; padding-top: 0in;" valign="top" width="150">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p></td></tr>
<tr style="height: 15pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 312.95pt; padding-right: 5.4pt; height: 15pt; padding-top: 0in;" valign="top" width="417">
<p style="text-align: justify; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"><font style="font-size: 10pt;" class="_mt">$15 million revolving working capital term facility payable to AgStar bearing interest at LIBOR plus 3.65% with a 5.00% floor (5.00% at March 31, 2011), maturing June 30, 2011.</font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 16.45pt; padding-right: 5.4pt; height: 15pt; padding-top: 0in;" valign="top" width="22">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 100.65pt; padding-right: 5.4pt; height: 15pt; padding-top: 0in;" valign="top" width="134">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"><font style="font-size: 10pt;" class="_mt">12,500,000<font style="background: lime;" class="_mt"> </font></font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.05pt; padding-right: 5.4pt; height: 15pt; padding-top: 0in;" valign="top" width="16">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 112.3pt; padding-right: 5.4pt; height: 15pt; padding-top: 0in;" valign="top" width="150">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"><font style="font-size: 10pt;" class="_mt">9,250,000</font></p></td></tr>
<tr style="height: 8.5pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 312.95pt; padding-right: 5.4pt; height: 8.5pt; padding-top: 0in;" valign="top" width="417">
<p style="text-align: justify; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 16.45pt; padding-right: 5.4pt; height: 8.5pt; padding-top: 0in;" valign="top" width="22">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 100.65pt; padding-right: 5.4pt; height: 8.5pt; padding-top: 0in;" valign="top" width="134">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.05pt; padding-right: 5.4pt; height: 8.5pt; padding-top: 0in;" valign="top" width="16">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 112.3pt; padding-right: 5.4pt; height: 8.5pt; padding-top: 0in;" valign="top" width="150">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p></td></tr>
<tr style="height: 17.25pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 312.95pt; padding-right: 5.4pt; height: 17.25pt; padding-top: 0in;" valign="top" width="417" nowrap="nowrap">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"><font style="font-size: 10pt;" class="_mt">Revolving line of credit payable to affiliate Holdings bearing interest at LIBOR plus 7.50-10.5% with a floor of 3.00% (7.76% at March 31</font><font style="font-size: 10pt;" class="_mt">, 2011</font><font style="font-size: 10pt;" class="_mt">).</font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 16.45pt; padding-right: 5.4pt; height: 17.25pt; padding-top: 0in;" valign="top" width="22">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="border-bottom: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 100.65pt; padding-right: 5.4pt; height: 17.25pt; padding-top: 0in;" valign="top" width="134">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"><font style="font-size: 10pt;" class="_mt">3,749,000 <font style="background: lime;" class="_mt"> </font></font></p></td>
<td style="border-bottom: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 12.05pt; padding-right: 5.4pt; height: 17.25pt; padding-top: 0in;" valign="top" width="16">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="border-bottom: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 112.3pt; padding-right: 5.4pt; height: 17.25pt; padding-top: 0in;" valign="top" width="150">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"><font style="font-size: 10pt;" class="_mt">- </font></p></td></tr>
<tr style="height: 17.25pt;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 312.95pt; padding-right: 5.4pt; height: 17.25pt; padding-top: 0in;" valign="top" width="417" nowrap="nowrap">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p>
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"><font style="font-size: 10pt;" class="_mt">Less current maturities</font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 16.45pt; padding-right: 5.4pt; height: 17.25pt; padding-top: 0in;" valign="top" width="22">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="border-bottom: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 100.65pt; padding-right: 5.4pt; height: 17.25pt; padding-top: 0in;" valign="top" width="134">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"><font style="font-size: 10pt;" class="_mt">156,495,154</font></p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"><font style="font-size: 10pt;" class="_mt">(27,793,654)</font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.05pt; padding-right: 5.4pt; height: 17.25pt; padding-top: 0in;" valign="top" width="16">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="border-bottom: windowtext 1pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 112.3pt; padding-right: 5.4pt; height: 17.25pt; padding-top: 0in;" valign="top" width="150">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"><font style="font-size: 10pt;" class="_mt">153,926,661</font></p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"><font style="font-size: 10pt;" class="_mt">(18,058,574)</font></p></td></tr>
<tr style="height: 0.25in;"><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 312.95pt; padding-right: 5.4pt; height: 0.25in; padding-top: 0in;" valign="top" width="417">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p>
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"><font style="font-size: 10pt;" class="_mt">Total long term debt</font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 16.45pt; padding-right: 5.4pt; height: 0.25in; padding-top: 0in;" valign="top" width="22">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p>
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"><font style="font-size: 10pt;" class="_mt">$</font></p></td>
<td style="border-bottom: windowtext 3px double; padding-bottom: 0in; padding-left: 5.4pt; width: 100.65pt; padding-right: 5.4pt; height: 0.25in; padding-top: 0in;" valign="top" width="134">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"><font style="font-size: 10pt;" class="_mt">128,701,500</font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 12.05pt; padding-right: 5.4pt; height: 0.25in; padding-top: 0in;" valign="top" width="16">
<p style="margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"><font style="font-size: 10pt;" class="_mt"> $</font></p></td>
<td style="border-bottom: windowtext 3px double; padding-bottom: 0in; padding-left: 5.4pt; width: 112.3pt; padding-right: 5.4pt; height: 0.25in; padding-top: 0in;" valign="top" width="150">
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"> </p>
<p style="text-align: right; margin: 0in 0in 0pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="right"><font style="font-size: 10pt;" class="_mt">135,868,087</font></p></td></tr></table>
<p style="text-align: justify; margin: 0in 0in 6pt 39.75pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"><font style="font-size: 10pt;" class="_mt"> </font> </p>
<p style="text-align: justify; margin: 0in 0in 6pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"><b><font style="font-size: 10pt;" class="_mt">(A)</font></b><font style="font-size: 10pt;" class="_mt"> The $300,000 IDED loan is comprised of two components under the Master Contract (the "<u>Master Contract</u>") between the Company and IDED: i) a $150,000, non interest-bearing component that requires monthly payments of $2,500, which began in March, 2011 with a final payment of $2,500 due February, 2016; and ii) a $150,000 forgivable loan. The Company has a $300,000 letter of credit with regard to the $300,000 loan (secured by a time deposit account in the same amount) to collateralize the loan. The note under the Master Contract is collateralized by substantially all of the Company's assets, subordinate to the Credit Agreement.</font></p>
<p style="text-align: justify; margin: 0in 0in 6pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"><font style="font-size: 10pt;" class="_mt">Approximate aggregate maturities of notes payable as of March 31, 2011 are as follows:</font></p>
<p style="text-align: justify; margin: 0in 0in 6pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"><font style="font-size: 10pt;" class="_mt"> </font> </p>
<table style="border-collapse: collapse; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0">
<tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 159.6pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="213">
<p style="text-align: justify; margin: 0in 0in 6pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"><font style="font-size: 10pt;" class="_mt">Year Ended March 31,</font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 159.6pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="213">
<p style="text-align: justify; margin: 0in 0in 6pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 159.6pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="213">
<p style="text-align: center; margin: 0in 0in 6pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="center"><font style="font-size: 10pt;" class="_mt">2012</font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 159.6pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="213">
<p style="text-align: center; margin: 0in 0in 6pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="center"><font style="font-size: 10pt;" class="_mt">$ 27,793,654<font style="background: lime;" class="_mt"> </font></font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 159.6pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="213">
<p style="text-align: center; margin: 0in 0in 6pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="center"><font style="font-size: 10pt;" class="_mt">2013</font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 159.6pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="213">
<p style="text-align: center; margin: 0in 0in 6pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="center"><font style="font-size: 10pt;" class="_mt"> 9,893,427<font style="background: lime;" class="_mt"> </font></font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 159.6pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="213">
<p style="text-align: center; margin: 0in 0in 6pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="center"><font style="font-size: 10pt;" class="_mt">2014</font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 159.6pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="213">
<p style="text-align: center; margin: 0in 0in 6pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="center"><font style="font-size: 10pt;" class="_mt"> 10,398,059</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 159.6pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="213">
<p style="text-align: center; margin: 0in 0in 6pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="center"><font style="font-size: 10pt;" class="_mt">2015</font></p>
<p style="text-align: center; margin: 0in 0in 6pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="center"><font style="font-size: 10pt;" class="_mt">2016</font></p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 159.6pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="213">
<p style="text-align: center; margin: 0in 0in 6pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="center"><font style="font-size: 10pt;" class="_mt"> 108,385,014</font></p>
<p style="text-align: center; margin: 0in 0in 6pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="center"><font style="font-size: 10pt;" class="_mt"> 25,000</font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 159.6pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="213">
<p style="margin: 0in 0in 6pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"><font style="font-size: 10pt;" class="_mt"> <u>Total</u></font></p></td>
<td style="border-bottom: windowtext 1.5pt solid; padding-bottom: 0in; padding-left: 5.4pt; width: 159.6pt; padding-right: 5.4pt; border-top: windowtext 1.5pt solid; padding-top: 0in;" valign="bottom" width="213">
<p style="text-align: center; margin: 0in 0in 6pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal" align="center"><font style="font-size: 10pt;" class="_mt">$ 156,495,154<font style="background: lime;" class="_mt"> </font></font></p></td></tr>
<tr><td style="padding-bottom: 0in; padding-left: 5.4pt; width: 159.6pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="213">
<p style="text-align: justify; margin: 0in 0in 6pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td>
<td style="padding-bottom: 0in; padding-left: 5.4pt; width: 159.6pt; padding-right: 5.4pt; padding-top: 0in;" valign="top" width="213">
<p style="text-align: justify; margin: 0in 0in 6pt; font-family: 'Times New Roman','serif'; font-size: 12pt;" class="MsoNormal"> </p></td></tr></table> </div>Note 6: Notes Payable
Notes payable consists of the following as March 31, 2011 and September 30, 2010:
March 31, 2011falsefalsefalsefalsefalse | Otherus-types:textBlockItemTypestringNotes Payable [Text Block]No authoritative reference available.falsefalse
12Notes PayableUnKnownUnKnownUnKnownUnKnownfalsetrue