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Fair Value Measurements (Tables)
9 Months Ended
Sep. 30, 2015
Fair Value Disclosures [Abstract]  
Financial Assets and Liabilities Accounted at Fair Value

The following table presents the Company’s financial assets and liabilities that were accounted for at fair value on a recurring basis as of September 30, 2015 and December 31, 2014 by level within the fair value hierarchy

 

     Level 1    Level 2      Level 3    Total  

September 30, 2015

           

ASSETS:

           

Commodity contracts

      $ 4,536,666          $ 4,536,666   

LIABILITIES:

           

Commodity contracts

      $ 1,491,045          $ 1,491,045   

December 31, 2014

           

ASSETS:

           

Commodity contracts

      $ 8,230,156          $ 8,230,156   

LIABILITIES:

           

Commodity contracts

      $ 716,488          $ 716,488