Company: SDSYA
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001163609-25-000023
Chunk: 11

Company: SOUTH DAKOTA SOYBEAN PROCESSORS LLC
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 11
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2024, respectively. Of the $10,524,222 balance as of December 31, 2024, the Company recognized $3,839,185 and $8,397,313 as revenues for the three and six months ended June 30, 2025, respectively. Of the $737,503 customer prepayments as of December 31, 2023, the Company recognized $133,935 and $486,290 of contract liabilities as revenues during the three and six months ended June 30, 2024, respectively.The following table presents a disaggregation of revenue from contracts with customers for the three and six-month periods ended June 30, 2025 and 2024, by product type:Three Months Ended June 30,Six Months Ended June 30,2025202420252024Soybean meal and hulls$64,408,939 $85,687,691 $132,664,371 $169,085,734 Soybean oil and oil byproducts46,231,795 64,029,144 95,889,672 128,892,005 Totals$110,640,734 $149,716,835 $228,554,043 $297,977,739 Cash FlowThe Company maintains a revolving line of credit that functions as a sweep account. Borrowings and repayments occur on a daily basis to manage cash balances efficiently and minimize interest expense. The activity is presented on a net basis in the statement of cash flows due to the short-term nature and frequency of the transactions, consistent with the Company’s cash management practices.Recent accounting pronouncementsAny recent accounting pronouncements are not expected to have a material impact on our condensed financial statements.

Note 2 -           Inventories

The Company’s inventories consist of the following on June 30, 2025 and December 31, 2024: June 30,2025December 31,2024Finished goods$35,619,282 $27,477,041 Raw materials28,777,061 17,090,010 Supplies & other inventories531,647 511,625 Totals$64,927,990 $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.

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