Company: SDSYA
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001163609-25-000032
Chunk: 12

Company: SOUTH DAKOTA SOYBEAN PROCESSORS LLC
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 12
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, 2025 and December 31, 2024: September 30,2025December 31,2024Finished goods$33,546,812 $27,477,041 Raw materials47,659,877 17,090,010 Supplies & other inventories698,364 511,625 Totals$81,905,053 $45,078,676 Finished goods and raw materials are valued at estimated market value, which approximates net realizable value. Supplies and other inventories are stated at the lower of cost or net realizable value.

10

South Dakota Soybean Processors, LLCNotes to Condensed Consolidated Financial Statements

Note 3 -         Property and Equipment

The following is a summary of the Company's property and equipment at September 30, 2025 and December 31, 2024: 20252024 CostAccumulated DepreciationNetNetLand$516,326 $— $516,326 $516,326 Land improvements2,802,812 (1,518,436)1,284,376 1,364,197 Buildings and improvements36,337,555 (13,449,059)22,888,496 22,531,217 Machinery and equipment115,335,875 (63,638,967)51,696,908 51,949,033 Railroad cars10,411,185 (1,045,894)9,365,291 9,521,459 Company vehicles280,949 (162,710)118,239 143,184 Furniture and fixtures2,046,444 (1,241,051)805,393 719,557 Construction in progress447,360,385 — 447,360,385 273,036,281 Totals$615,091,531 $(81,056,117)$534,035,414 $359,781,254 Depreciation of property and equipment was $1,864,752 and $1,515,777 for the three months ended September 30, 2025 and 2024, respectively, and $5,578,602 and $4,539,144 for the nine months ended September 30, 2025 and 2024, respectively . As of September 30, 2025 and December