Company: SDSYA
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001163609-25-000032
Chunk: 16

Company: SOUTH DAKOTA SOYBEAN PROCESSORS LLC
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 16
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 obligations for the twelve-month periods ending September 30:2026$— 202726,146,064 202830,248,421 202934,263,389 2030118,122,845 Thereafter9,663,468   Total$218,444,187 

Note 6 -        Operating Leases

The Company has several operating leases for railcars, machinery and equipment, and storage facilities. These leases have terms ranging from 3-12 years and most do not have renewal terms provided. The Company does not have lease arrangements with residual value guarantees, sale-leaseback terms or material restrictive covenants. The Company does not have any material finance lease obligations nor sublease agreements. Lease expense for these operating leases is recognized on a straight-line basis over the lease terms. The components of lease costs recognized within our condensed consolidated statements of operations for the three and nine-month periods ended September 30, 2025 and 2024 were as follows:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Cost of revenues - Freight and rail$1,217,998 $1,213,705 $3,823,317 $3,543,057 Cost of revenues - Production82,852 69,619 237,223 208,062 Administration expenses5,117 5,546 16,905 13,797 Total operating lease costs$1,305,967 $1,288,870 $4,077,445 $3,764,916 The following summarizes the supplemental cash flow information for the three and nine-month periods ended September 30, 2025 and 2024:Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Cash paid for amounts included in the measurement of lease liabilities$1,692,804 $1,306,069 $3,946,562 $3,368,258 Supplemental non-cash information:Right-of-use assets obtained in exchange for lease liabilities$2,146,392 $10,291,689 $2,302,278 $11,139,096 

13

South Dakota Soybean Processors, LLCNotes to Condensed Consolidated Financial Statements

The following summarizes the weighted-average remaining lease term and weighted-average discount rate as of September 30, 2025:Weighted-average remaining lease-term