Company: SDSYA
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0001163609-25-000017
Chunk: 6

Company: SOUTH DAKOTA SOYBEAN PROCESSORS LLC
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 8
Chunk 6
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Item 1.    Financial Statements

South Dakota Soybean Processors, LLC

Condensed Consolidated Financial Statements

March 31, 2025 and 2024

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South Dakota Soybean Processors, LLC

Condensed Consolidated Balance Sheets

 March 31, 2025December 31, 2024 (Unaudited)Assets  Current assets  Cash and cash equivalents$6,417,852 $39,594,084 Trade accounts receivable27,762,639 29,771,609 Inventories66,258,532 45,078,676 Commodity derivative instruments7,113,329 9,600,761 Prepaid expenses2,150,595 2,976,524 Total current assets109,702,947 127,021,654 Property and equipment495,304,869 435,335,629 Less accumulated depreciation(77,409,193)(75,554,375)Total property and equipment, net417,895,676 359,781,254 Other assets  Investments19,156,025 18,605,021 Right-of-use lease asset, net35,013,228 35,829,689 Other assets656,000 656,000 Total other assets54,825,253 55,090,710 Total assets$582,423,876 $541,893,618 

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South Dakota Soybean Processors, LLC

Condensed Consolidated Balance Sheets (continued)

March 31, 2025December 31, 2024(Unaudited)Liabilities and Members' Equity  Current liabilities  Excess of outstanding checks over bank balance$8,079,993 $12,972,629 Note payable - seasonal loan7,352,079 — Current maturities of long-term debt6,500,000 9,000,000 Accounts payable1,770,380 3,979,895 Accrued commodity purchases31,481,084 54,412,561 Commodity derivative instruments3,290,277 3,500,672 Current portion- operating leases3,567,109 3,512,822 Accrued expenses4,340,524 4,623,969 Contract liabilities 6,458,366 10,524,222