Company: REX
Filing Date: 2025-09-02
Form Type: 10-Q
Source: 0000930413-25-002856
Chunk: 73

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-09-02
Form: 10-Q
Item: Part I, Item 8
Chunk 73
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 at July 31, 2025 are summarized below (amounts in thousands):

    Level 1  
    Level 2  
    Level 3  
    Fair Value 

    Forward purchase contracts asset (1) 
    $-  
    $9  
    $-  
    $9 

    Commodity futures asset (2) 
     489  
     -  
     -  
     489 

    Total assets 
    $489  
    $9  
    $-  
    $498 

    Forward purchase contracts liability (3) 
    $-  
    $1,885  
    $-  
    $1,885 

Financial assets and liabilities measured at
fair value on a recurring basis at January 31, 2025 are

summarized below (amounts in thousands):

    Level 1  
    Level 2  
    Level 3  
    Fair Value 

    Forward purchase contracts asset (1) 
    $-  
    $1,253  
    $-  
    $1,253 

    Commodity futures (2) 
     (1,291) 
     -  
     -  
     (1,291)

    Total assets 
    $(1,291) 
    $1,253  
    $-  
    $(38)

    Forward purchase contracts liability (3) 
    $-  
    $378  
    $-  
    $378 

 (1)The forward purchase contracts asset is included in “Prepaid expenses and other” on the accompanying Consolidated
Balance Sheets.

(2)The commodity futures assets and liabilities are netted with cash collateral due from broker and included in “Prepaid
expenses and other” on the accompanying Consolidated Balance Sheets.

(3)The forward purchase contracts liability is included in “Accrued expenses and other current

16

liabilities” on the accompanying
Consolidated Balance Sheets.

Note 6. Property and Equipment

The components of property and equipment are
as follows for the periods presented (amounts in thousands):

    July
    31, 2025  
    January
    31, 2025 

    Land and improvements 
    $34,112  
    $34,112 

    Buildings and improvements 
     25