Company: REX
Filing Date: 2025-09-02
Form Type: 10-Q
Source: 0000930413-25-002856
Chunk: 74

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-09-02
Form: 10-Q
Item: Part I, Item 8
Chunk 74
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,580  
     24,026 

    Machinery, equipment, and fixtures 
     337,987  
     318,399 

    Construction in progress 
     100,890  
     94,010 

    Total property and equipment 
     498,569  
     470,547 

    Less: Accumulated depreciation 
     (266,157) 
     (259,864)

    Total 
    $232,412  
    $210,683 

Note 7. Other Assets

	The components of other assets are as follows for the
periods presented (amounts in thousands):	

    July
    31, 2025  
    January
    31, 2025 

    Prepaid utility lease 
    $-  
    $15,600 

    Other 
     3,014  
     1,121 

    Total 
    $3,014  
    $16,721 

Note 8. Accrued Expenses and Other Current Liabilities 

	The components of accrued expenses and other current liabilities
are as follows for the periods presented (amounts in thousands):	

    July
    31, 2025  
    January 31, 2025 

    Accrued payroll and related items 
    $3,129  
    $8,961 

    Accrued utility charges 
     2,507  
     3,085 

    Accrued transportation related items 
     849  
     555 

    Accrued real estate taxes 
     2,272  
     1,746 

    Forward purchase contracts 
     1,885  
     378 

    Other 
     1,612  
     1,635 

    Total 
    $12,254  
    $16,360 

17

Note 9. Derivative Financial Instruments 

The Company is exposed to various market risks,
including changes in commodity prices (raw materials and finished goods). To manage risks associated with the volatility of these natural
business exposures, the Company enters into commodity agreements (exchange-traded futures contracts and swaps) and forward purchase (corn)
and sale (ethanol, distillers grains and distillers corn oil) contracts. The Company does not purchase or sell derivative financial instruments
for trading or speculative purposes