Company: SDSYA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001163609-25-000023
Chunk: 5

Company: SOUTH DAKOTA SOYBEAN PROCESSORS LLC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 5
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Item 1.    Financial Statements

South Dakota Soybean Processors, LLC

Condensed Consolidated Financial Statements

June 30, 2025 and 2024

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South Dakota Soybean Processors, LLC

Condensed Consolidated Balance Sheets

 June 30, 2025December 31, 2024 (Unaudited)Assets  Current assets  Cash and cash equivalents$7,178,677 $39,594,084 Trade accounts receivable28,699,700 29,771,609 Inventories64,927,990 45,078,676 Commodity derivative instruments10,797,055 9,600,761 Prepaid expenses1,784,820 2,976,524 Total current assets113,388,242 127,021,654 Property and equipment556,814,779 435,335,629 Less accumulated depreciation(79,254,112)(75,554,375)Total property and equipment, net477,560,667 359,781,254 Other assets  Investments19,156,025 18,605,021 Right-of-use lease asset, net34,030,851 35,829,689 Other assets982,688 656,000 Total other assets54,169,564 55,090,710 Total assets$645,118,473 $541,893,618 

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South Dakota Soybean Processors, LLC

Condensed Consolidated Balance Sheets (continued)

June 30, 2025December 31, 2024(Unaudited)Liabilities and Members' Equity  Current liabilities  Excess of outstanding checks over bank balance$8,043,375 $12,972,629 Notes payable - seasonal loans4,595,604 — Current maturities of long-term debt6,500,000 9,000,000 Accounts payable2,114,715 3,979,895 Accrued commodity purchases36,242,090 54,412,561 Commodity derivative instruments6,920,717 3,500,672 Current portion - operating leases3,605,211 3,512,822 Accrued expenses4,749,847 4,623,969 Contract liabilities 2,504,687 10,524,222