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Summary Of Significant Accounting Policies (Policy)

12 Months Ended

Sep. 30, 2019

New Accounting Pronouncements, Policy [Policy Text Block]

Recently Issued Accounting Pronouncements

Leases

In February 2016, FASB issued ASU 2016-02 "Leases” ("ASU 2016-02"). ASU 2016-02 requires the recognition of lease assets and lease liabilities by lessees for all leases greater than one year in duration and classified as operating leases under previous GAAP. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, and for interim periods within that fiscal year. We implemented ASU 2016-02 in October 2019, when Fiscal 2020 started. The Company will include a right to use assets for approximately $8.2 million and a corresponding liability at the start of the next fiscal year for the operating leases.

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Basic earnings and diluted per unit data were computed as follows (in thousands except per unit data):



	Twelve Months Ended
	September 30, 2019			September 30, 2018
Numerator:
Net (loss) for basic earnings per unit	$	(8,497	)	$	(2,704	)
Change in fair value of put option liability	$	637		$	(300	)
Net (loss) for diluted earnings per unit	$	(7,860	)	$	(3,004	)

Denominator:
Weighted average units outstanding - basic	13,327			13,327
Weighted average units outstanding - diluted	13,327			13,327
(Loss) per unit - basic	$	(637.58	)	$	(202.90	)
(Loss) per unit - diluted	$	(637.58	)	$	(202.90	)

Use Of Estimates

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from these estimates.

Cash & Cash Equivalents

Cash and Cash Equivalents

The Company considers all highly liquid investments purchased with a maturity of three months or less when purchased to be cash equivalents.

Concentration Of Credit Risk

Concentration of Credit Risk

The Company’s cash balances are maintained in bank deposit accounts which at times may exceed federally-insured limits. The Company has not experienced any losses in such accounts.

Accounting Changes and Error Corrections [Text Block]

Restatement

The Company has applied SAB No. 108, Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements. SAB No. 108 states that registrants must quantify the impact of correcting all misstatements, including both the carryover (iron curtain method) and reversing (rollover method) effects of prior year misstatements on the current-year financial statements, and by evaluating the error measured under each method in light of quantitative and qualitative factors. Under SAB No. 108, prior year misstatements which, if corrected in the current year would be material to the current year, must be corrected by adjusting prior year financial statements.

In applying the requirements of SAB No. 108, the Company adjusted its repairs and maintenance accruals, which were understated, with respect to the tank cars and hopper cars the Company was leasing. The Company should have been booking a provision for repairs necessary to return the cars to the lessor in "normal" status. Since the lease was initiated in March of 2009, with a lease end date of March of 2019, adjustments to previous periods were required. Although the charges in any one quarter were not significant, the historical financial statements were restated with all appropriate entries being retrospectively reflected in the financial statements.

The Audit Committee of the Board of Directors of the Company concluded the interim unaudited condensed financial statements for the quarters ending in Fiscal 2018 and Fiscal 2019, as well as the audited annual financial statement for Fiscal 2018 needed to be restated. In Fiscal 2019, the repair and maintenance charges were identified and the original estimate was included in the Second Quarter ending March 31, 2019 for the quarter and year-to-date, as well as comparative quarterly Fiscal 2018 financial information. In the Fourth Quarter ending September 30, 2019, the Company discovered that the original estimated accrual per railcar was in error, and flowed through an additional amount per quarter starting in 2009 forward. The error corrections for the financial statements are included in the charts below. The quarterly information for each three month period in Fiscal 2018 need to be restated, as well as the annual total. In Fiscal 2019, the first quarter needed to be restated, while the second and third quarter were amended to correct the original estimate. The year end statement had not been filed, so the values presented for September 30, 2019, are the final, adjusted numbers. As of September 30, 2018, the impact of the restatement on the balance sheet to the audited financial statements was $5.4 million.



Fiscal 2018 - Annual	Original			Restated			Increase
Amounts in 000's	September 30, 2018			September 30, 2018			(Decrease)

Revenues	214,990			214,990			—
Cost of Goods Sold	210,783			211,350			567
Gross Margin	4,207			3,640			(567		)

General and administrative expenses	4,972			4,972			—
Interest expense and other income, net	1,372			1,372			—
Net (Loss)	(2,137		)	(2,704		)	(567		)
Net (Loss) per unit basic	$	(160.35	)	$	(202.9	)	$	(42.55	)
Net (Loss) per unit diluted	$	(160.35	)	$	(202.9	)	$	(42.55	)


ASSETS
Current Assets
Cash & cash equivalents	1,440			1,440			—
Accounts receivable	12,672			12,672			—
Inventory	13,526			13,526			—
Other current assets	1,387			1,387			—
Total Current Assets	29,025			29,025			—
Net property, plant and equipment	111,868			111,868			—
Other assets	1,738			1,738			—
Total Assets	142,631			142,631			—

LIABILITIES AND MEMBERS' EQUITY
Current Liabilities
Accounts payable, derivative financial instruments and accrued expenses	12,147			12,147			—
Current maturities of notes payable	6,560			6,560			—
Total Current Liabilities	18,707			18,707			—
Total Long Term Liabilities	20,733			26,122			5,389
Members' Capital	87,165			87,165			—
Accumulated Earnings	16,026			10,637			(5,389		)
Total Liabilities and Members' Equity	142,631			142,631			—





Fiscal 2018 - Quarterly	Original			Restated			Original			Restated
Amounts in 000's	December 31, 2017			December 31, 2017			March 31, 2018			March 31, 2018

Revenues	50,546			50,546			53,551			53,551



Cost of Goods Sold	47,838			47,980			53,195			53,337
Gross Margin	2,708			2,566			356			214

General and administrative expenses	1,378			1,378			1,056			1,056
Interest expense and other income, net	149			149			135			135
Net Income (Loss)	1,181			1,039			(835		)	(977		)
Net Income (Loss) per unit basic	$	88.62		$	77.96		$	(62.65	)	$	(73.31	)
Net Income (Loss) per unit diluted	$	82.09		$	72.22		$	(62.65	)	$	(73.31	)

	Original			Restated			Original			Restated
	December 31, 2017			December 31, 2017			March 31, 2018			March 31, 2018
ASSETS
Current Assets
Cash & cash equivalents	2,489			2,489			1,275			1,275
Accounts receivable	11,601			11,601			12,945			12,945
Inventory	13,176			13,176			13,176			13,176
Other current assets	1,204			1,204			1,531			1,531
Total Current Assets	28,470			28,470			28,927			28,927
Net property, plant and equipment	115,237			115,237			114,655			114,655
Other assets	2,101			2,101			2,107			2,107
Total Assets	145,808			145,808			145,689			145,689

LIABILITIES AND MEMBERS' EQUITY
Current Liabilities
Accounts payable, derivative financial instruments and accrued expenses	21,250			21,250			7,108			7,108
Current maturities of notes payable	5,043			5,043			6,549			6,549
Total Current Liabilities	26,293			26,293			13,657			13,657
Total Long Term Liabilities	13,007			17,971			26,358			31,464
Members' Capital	87,165			87,165			87,165			87,165
Accumulated Earnings	19,343			14,379			18,509			13,403
Total Liabilities and Members' Equity	145,808			145,808			145,689			145,689

Fiscal 2018 - Quarterly	Original			Restated
Amounts in 000's	June 30, 2018			June 30, 2018

Revenues	53,611			53,611
Cost of Goods Sold	54,782			54,924
Gross Margin (Loss)	(1,171		)	(1,313		)

General and administrative expenses	1,809			1,809
Interest expense and other income, net	265			265
Net (Loss)	(3,245		)	(3,387		)
Net (Loss) per unit basic	$	(243.49	)	$	(254.15	)
Net (Loss) per unit diluted	$	(243.49	)	$	(254.15	)



	Original	Restated
	June 30, 2018	June 30, 2018
ASSETS
Current Assets
Cash & cash equivalents	1,207	1,207
Accounts receivable	14,584	14,584
Inventory	13,547	13,547
Other current assets	902	902
Total Current Assets	30,240	30,240
Net property, plant and equipment	113,729	113,729
Other assets	2,102	2,102
Total Assets	146,071	146,071

LIABILITIES AND MEMBERS' EQUITY
Current Liabilities
Accounts payable, derivative financial instruments and accrued expenses	11,569	11,569
Current maturities of notes payable	6,554	6,554
Total Current Liabilities	18,123	18,123
Total Long Term Liabilities	25,519	30,767
Members' Capital	87,165	87,165
Accumulated Earnings	15,264	10,016
Total Liabilities and Members' Equity	146,071	146,071



Fiscal 2019 - Quarterly	Original			Restated			Original			Restated
Amounts in 000's	December 31, 2018			December 31, 2018			March 31, 2019			March 31, 2019

Revenues	53,382			53,382			53,190			53,190
Cost of Goods Sold	52,878			53,020			53,568			53,617
Gross Margin (Loss)	504			362			(378		)	(427		)

General and administrative expenses	1,502			1,502			1,174			1,174
Interest expense and other income, net	169			169			215			215
Net (Loss)	(1,167		)	(1,309		)	(1,767		)	(1,816		)
Net (Loss) per unit basic	$	(87.57	)	$	(98.22	)	$	(132.59	)	$	(136.26	)
Net (Loss) per unit diluted	$	(87.57	)	$	(98.22	)	$	(132.59	)	$	(136.26	)

	Original			Restated			Original			Restated
	December 31, 2018			December 31, 2018			March 31, 2019			March 31, 2019
ASSETS
Current Assets
Cash & cash equivalents	1,042			1,042			1,101			1,101
Accounts receivable	9,909			9,909			9,776			9,776
Inventory	13,650			13,650			17,278			17,278



Other current assets	1,164			1,164			1,533	1,533
Total Current Assets	25,765			25,765			29,688	29,688
Net property, plant and equipment	109,714			109,714			107,697	107,697
Other assets	1,738			1,738			1,447	1,447
Total Assets	137,217			137,217			138,832	138,832

LIABILITIES AND MEMBERS' EQUITY
Current Liabilities
Accounts payable, derivative financial instruments and accrued expenses	17,110			17,964			9,850	11,650
Current maturities of notes payable	5,065			5,065			3,571	3,571
Total Current Liabilities	22,175			23,029			13,421	15,221
Total Long Term Liabilities	13,018			17,695			28,803	32,583
Members' Capital	87,165			87,165			87,165	87,165
Accumulated Earnings	14,859			9,328			9,443	3,863
Total Liabilities and Members' Equity	137,217			137,217			138,832	138,832

Fiscal 2019 - Quarterly	Original			Restated
Amounts in 000's	June 30, 2019			June 30, 2019

Revenues	53,505			53,505
Cost of Goods Sold	52,903			52,903
Gross Margin	602			602

General and administrative expenses	1,061			1,061
Interest expense and other income, net	292			292
Net (Loss)	(751		)	(751		)
Net (Loss) per unit basic	$	(56.35	)	$	(56.35	)
Net (Loss) per unit diluted	$	(56.35	)	$	(56.35	)

	Original			Restated
	June 30, 2019			June 30, 2019
ASSETS
Current Assets
Cash & cash equivalents	1,076			1,076
Accounts receivable	7,636			7,636
Inventory	19,848			19,848
Other current assets	3,996			3,996
Total Current Assets	32,556			32,556
Net property, plant and equipment	109,957			109,957
Other assets	1,447			1,447
Total Assets	143,960			143,960

LIABILITIES AND MEMBERS' EQUITY
Current Liabilities



Accounts payable, derivative financial instruments and accrued expenses	15,887	17,687
Current maturities of notes payable	2,077	2,077
Total Current Liabilities	17,964	19,764
Total Long Term Liabilities	30,139	33,919
Members' Capital	87,165	87,165
Accumulated Earnings	8,692	3,112
Total Liabilities and Members' Equity	143,960	143,960

Revenue Recognition

The Company adopted Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers (Topic 606) on October 1, 2018. Under the ASU, revenue is recognized when a customer obtains control of promised goods or services in an amount that reflects the considerations the entity expects to receive in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing, and uncertainty of revenue and cash flows arising from the contracts with customers. The Company applied the five-step method outlined in the ASU to all contracts with customers, and elected the modified retrospective implementation method. The new revenue standard did not have an impact on the Company's financial statements.

The Company sells ethanol and related products pursuant to marketing agreements. Revenues are recognized when the risk of loss has been transferred to the marketing company and the marketing company has taken title to the product, prices are fixed or determinable and collectability is reasonably assured.

The Company’s products are generally shipped FOB loading point, and recorded as a sale upon delivery of the applicable bill of lading and transfer of risk of loss. The Company’s ethanol sales are handled through an ethanol purchase agreement (the “Ethanol Agreement”) with Bunge North America, Inc. (“Bunge”). Syrup and distillers grains (co-products) are sold through a distillers grains agreement (the “DG Agreement”) with Bunge, based on market prices. The Company markets and distributes all of the corn oil it produces directly to end users at market prices. Carbon dioxide is sold through a Carbon Dioxide Purchase and Sale Agreement (the “CO2 Agreement”) with Air Products and Chemicals, Inc., formerly known as EPCO Carbon Dioxide Products, Inc. ("Air Products”). Marketing fees, agency fees, and commissions due to the marketer are calculated separately from the settlement for the sale of the ethanol products and co-products and are included as a component of cost of goods sold. Shipping and handling costs incurred by the Company for the sale of ethanol and co-products are included in cost of goods sold.

Accounts Receivable

Accounts receivable are recorded at original invoice amounts less an estimate made for doubtful receivables based on a review of all outstanding amounts on a monthly basis. Management determines the allowance for doubtful accounts by regularly evaluating individual customer receivables and considering customers’ financial condition, credit history and current economic conditions. As of September 30, 2019 and 2018, management had determined no allowance is necessary. Receivables are written off when deemed uncollectable and recoveries of receivables written off are recorded when received.

Concentration Risk Disclosure [Text Block]

Risks and Uncertainties

The Company's operating and financial performance is largely driven by the prices at which ethanol is sold and the net expense of corn. The price of ethanol is influenced by factors such as supply and demand, weather, government policies and programs, and unleaded gasoline and the petroleum markets with ethanol selling, in general, for less than gasoline at the wholesale level. Excess ethanol supply in the market, in particular, puts downward pressure on the price of ethanol. The Company's largest cost of production is corn. The cost of corn is generally impacted by factors such as supply and demand, weather, government policies and programs. The Company's risk management program is used to protect against the price volatility of these commodities.

Investment In Commodities Contracts, Derivative Instruments And Hedging Activities

Investment in Commodities Contracts, Derivative Instruments and Hedging Activities

The Company’s operations and cash flows are subject to fluctuations due to changes in commodity prices. The Company is subject to market risk with respect to the price and availability of corn, the principal raw material used to produce ethanol and

ethanol by-products. Exposure to commodity price risk results from its dependence on corn in the ethanol production process. In general, rising corn prices result in lower profit margins and, therefore, represent unfavorable market conditions. This is especially true when market conditions do not allow the Company to pass along increased corn costs to customers. The availability and price of corn is subject to wide fluctuations due to unpredictable factors such as weather conditions, farmer planting decisions, governmental policies with respect to agriculture and international trade and global demand and supply.

To minimize the risk and the volatility of commodity prices, primarily related to corn and ethanol, the Company uses various derivative instruments, including forward corn, ethanol and distillers grains purchase and sales contracts, over-the-counter and exchange-trade futures and option contracts. When the Company has sufficient working capital available, it enters into derivative contracts to hedge its exposure to price risk related to forecasted corn needs and forward corn purchase contracts.

Management has evaluated the Company’s contracts to determine whether the contracts are derivative instruments. Certain contracts that literally meet the definition of a derivative may be exempted from derivative accounting as normal purchases or normal sales. Normal purchases and normal sales are contracts that provide for the purchase or sale of something other than a financial instrument or derivative instrument that will be delivered in quantities expected to be used or sold over a reasonable period in the normal course of business. Gains and losses on contracts that are designated as normal purchases or normal sales contracts are not recognized until quantities are delivered or utilized in production.

The Company applies the normal sale exemption to forward contracts relating to ethanol, distillers grains, and corn oil and therefore these forward contracts are not marked to market. As of September 30, 2019, the Company had commitments to sell 3.0 million gallons of ethanol , 89 thousand tons of dried distillers grains, 72 thousand tons of wet distillers grains and 4.3 million pounds of corn oil.

Corn purchase contracts are treated as derivative financial instruments. Changes in fair value of forward corn contracts, which are marked to market each period, are included in costs of goods sold. As of September 30, 2019, the Company was committed to purchasing 3.6 million bushels of corn on a forward contract basis resulting in a total commitment of $14.6 million. In addition the Company was committed to purchasing 311 thousand bushels of corn using basis contracts.

In addition, the Company enters into short-term cash, options and futures contracts as a means of managing exposure to changes in commodity prices. The Company enters into derivative contracts to hedge the exposure to volatile commodity price fluctuations. The Company maintains a risk management strategy that uses derivative instruments to minimize significant, unanticipated earnings fluctuations caused by market volatility. The Company’s specific goal is to protect itself from large moves in commodity costs. All derivatives are designated as non-hedge derivatives and the contracts will be accounted for at fair value. Although the contracts are considered effective economic hedges of specified risks, they are not designated as or accounted for as hedging instruments.

Derivatives not designated as hedging instruments along with cash due to brokers at September 30, 2019 and 2018 are as follows:



	Balance Sheet Classification	September 30, 2019			September 30, 2018
		in 000's			in 000's
Futures and option contracts
In gain position		$	368		$	583
In loss position		(364		)	(82		)
Cash held by broker		74			545
	Current asset	78			1,046

Forward contracts, corn	Current liability	597			1,567

Net futures, options, and forward contracts		$	(519	)	$	(521	)

The net realized and unrealized gains and losses on the Company’s derivative contracts for the years ended September 30, 2019 and 2018 consist of the following:



	Statement of Operations Classification	September 30, 2019			September 30, 2018
Net realized and unrealized (gains) losses related to:		(in 000's)			(in 000's)

Forward purchase contracts (corn)	Cost of Goods Sold	$	(1,530	)	$	1,894
Futures and option contracts (corn)	Cost of Goods Sold	(1,295		)	(3,568		)

Inventory

Inventory is stated at the lower of average cost or net realizable value. In the valuation of inventories and purchase commitments, net realizable value is defined as estimated selling price in the ordinary course of business less reasonable predictable costs of completion, disposal and transportation.

Property And Equipment

Property and Equipment

Property and equipment are stated at cost. Depreciation is computed using the straight-line method over the following estimated useful lives:



Buildings	40 Years
Process Equipment	10 - 20 Years
Office Equipment	3-7 Years

Maintenance and repairs are charged to expense as incurred; major improvements are capitalized.

Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset group may not be recoverable. An impairment loss would be recognized when estimated undiscounted future cash flows from operations are less than the carrying value of the asset group. An impairment loss would be measured by the amount by which the carrying value of the asset exceeds the fair value of the asset. Management has determined there were no events or changes in circumstances that required an impairment evaluation during Fiscal 2019 or Fiscal 2018.

Income Taxes

The Company has elected to be treated as a partnership for federal and state income tax purposes and generally does not incur income taxes. Instead, the Company’s earnings and losses are included in the income tax returns of the members. Therefore, no provision or liability for federal or state income taxes has been included in these financial statements.

Management has evaluated the Company’s tax positions under the Financial Accounting Standards Board issued guidance on accounting for uncertainty in income taxes and concluded that the Company has taken no uncertain tax positions that require adjustment to the financial statements to comply with the provisions of this guidance.

Net (Loss) Per Unit

Income Per Unit

Basic income per unit is calculated by dividing net income by the weighted average units outstanding for each period. Diluted income per unit is adjusted for convertible debt, using the treasury stock method and the put option using the reverse treasury stock method. In Fiscal 2019, the put option did not impact diluted income per unit as it was anti-dilutive. Basic earnings and diluted per unit data were computed as follows (in thousands except per unit data):



	Twelve Months Ended
	September 30, 2019			September 30, 2018
Numerator:
Net (loss) for basic earnings per unit	$	(8,497	)	$	(2,704	)
Change in fair value of put option liability	$	637		$	(300	)
Net (loss) for diluted earnings per unit	$	(7,860	)	$	(3,004	)

Denominator:
Weighted average units outstanding - basic	13,327			13,327
Weighted average units outstanding - diluted	13,327			13,327
(Loss) per unit - basic	$	(637.58	)	$	(202.90	)
(Loss) per unit - diluted	$	(637.58	)	$	(202.90	)

Fair Value Of Financial Instruments

Fair Value of Financial Instruments

The carrying amounts of cash and cash equivalents, derivative financial instruments, accounts receivable, accounts payable and accrued expenses approximate fair value due to the short term nature of these instruments.

The put option liability consists of an agreement between the Company and ICM that contains a conditional obligation to repurchase feature. On August 16, 2019, ICM notified SIRE of their intent to exercise the put option on their 1,018 units, but waived their right to determine the fair market value for their units. SIRE calculated the liability by utilizing the weighted average purchase prices for Fiscal 2019 transactions. In past years, the Company calculated the fair value of the put option under Level 3, using a valuation model called the Monte Carlo Simulation. The change to the valuation methodology was made because the parameters of risk free interest rate, expected volatility, expected life and estimated exercise price no longer were applicable. Using weighted average sale prices for Fiscal 2019, the estimated value at September 30, 2019 was $6.0 million, while the Monte Carlo method calculated $5.4 million at September 30, 2018. The Company bought the Series A and Series C Units held by ICM back for a total price of $11.1 million based on the exercise price outlined in the agreement. Equity was reduced by $5.1 million, and the accrued put option liability of $6.0 million was satisfied. (see Note 11) The carrying amount of the notes payable approximates fair value, as the interest rate is a floating rate. The terms are consistent with those available in the market as of September 30, 2019 and 2018, using level 3 inputs.

Schedule of Quantifying Prior Year Misstatements Corrected in Current Year Financial Statements [Table Text Block]



Fiscal 2018 - Annual	Original			Restated			Increase
Amounts in 000's	September 30, 2018			September 30, 2018			(Decrease)

Revenues	214,990			214,990			—
Cost of Goods Sold	210,783			211,350			567
Gross Margin	4,207			3,640			(567		)

General and administrative expenses	4,972			4,972			—
Interest expense and other income, net	1,372			1,372			—
Net (Loss)	(2,137		)	(2,704		)	(567		)
Net (Loss) per unit basic	$	(160.35	)	$	(202.9	)	$	(42.55	)
Net (Loss) per unit diluted	$	(160.35	)	$	(202.9	)	$	(42.55	)


ASSETS
Current Assets
Cash & cash equivalents	1,440			1,440			—
Accounts receivable	12,672			12,672			—
Inventory	13,526			13,526			—
Other current assets	1,387			1,387			—
Total Current Assets	29,025			29,025			—
Net property, plant and equipment	111,868			111,868			—
Other assets	1,738			1,738			—
Total Assets	142,631			142,631			—

LIABILITIES AND MEMBERS' EQUITY
Current Liabilities
Accounts payable, derivative financial instruments and accrued expenses	12,147			12,147			—
Current maturities of notes payable	6,560			6,560			—
Total Current Liabilities	18,707			18,707			—
Total Long Term Liabilities	20,733			26,122			5,389
Members' Capital	87,165			87,165			—
Accumulated Earnings	16,026			10,637			(5,389		)
Total Liabilities and Members' Equity	142,631			142,631			—





Fiscal 2018 - Quarterly	Original			Restated			Original			Restated
Amounts in 000's	December 31, 2017			December 31, 2017			March 31, 2018			March 31, 2018

Revenues	50,546			50,546			53,551			53,551



Cost of Goods Sold	47,838			47,980			53,195			53,337
Gross Margin	2,708			2,566			356			214

General and administrative expenses	1,378			1,378			1,056			1,056
Interest expense and other income, net	149			149			135			135
Net Income (Loss)	1,181			1,039			(835		)	(977		)
Net Income (Loss) per unit basic	$	88.62		$	77.96		$	(62.65	)	$	(73.31	)
Net Income (Loss) per unit diluted	$	82.09		$	72.22		$	(62.65	)	$	(73.31	)

	Original			Restated			Original			Restated
	December 31, 2017			December 31, 2017			March 31, 2018			March 31, 2018
ASSETS
Current Assets
Cash & cash equivalents	2,489			2,489			1,275			1,275
Accounts receivable	11,601			11,601			12,945			12,945
Inventory	13,176			13,176			13,176			13,176
Other current assets	1,204			1,204			1,531			1,531
Total Current Assets	28,470			28,470			28,927			28,927
Net property, plant and equipment	115,237			115,237			114,655			114,655
Other assets	2,101			2,101			2,107			2,107
Total Assets	145,808			145,808			145,689			145,689

LIABILITIES AND MEMBERS' EQUITY
Current Liabilities
Accounts payable, derivative financial instruments and accrued expenses	21,250			21,250			7,108			7,108
Current maturities of notes payable	5,043			5,043			6,549			6,549
Total Current Liabilities	26,293			26,293			13,657			13,657
Total Long Term Liabilities	13,007			17,971			26,358			31,464
Members' Capital	87,165			87,165			87,165			87,165
Accumulated Earnings	19,343			14,379			18,509			13,403
Total Liabilities and Members' Equity	145,808			145,808			145,689			145,689

Fiscal 2018 - Quarterly	Original			Restated
Amounts in 000's	June 30, 2018			June 30, 2018

Revenues	53,611			53,611
Cost of Goods Sold	54,782			54,924
Gross Margin (Loss)	(1,171		)	(1,313		)

General and administrative expenses	1,809			1,809
Interest expense and other income, net	265			265
Net (Loss)	(3,245		)	(3,387		)
Net (Loss) per unit basic	$	(243.49	)	$	(254.15	)
Net (Loss) per unit diluted	$	(243.49	)	$	(254.15	)



	Original	Restated
	June 30, 2018	June 30, 2018
ASSETS
Current Assets
Cash & cash equivalents	1,207	1,207
Accounts receivable	14,584	14,584
Inventory	13,547	13,547
Other current assets	902	902
Total Current Assets	30,240	30,240
Net property, plant and equipment	113,729	113,729
Other assets	2,102	2,102
Total Assets	146,071	146,071

LIABILITIES AND MEMBERS' EQUITY
Current Liabilities
Accounts payable, derivative financial instruments and accrued expenses	11,569	11,569
Current maturities of notes payable	6,554	6,554
Total Current Liabilities	18,123	18,123
Total Long Term Liabilities	25,519	30,767
Members' Capital	87,165	87,165
Accumulated Earnings	15,264	10,016
Total Liabilities and Members' Equity	146,071	146,071