Company: SDSYA
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001163609-25-000032
Chunk: 5

Company: SOUTH DAKOTA SOYBEAN PROCESSORS LLC
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 8
Chunk 5
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Item 1.    Financial Statements

South Dakota Soybean Processors, LLC

Condensed Consolidated Financial Statements

September 30, 2025 and 2024

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South Dakota Soybean Processors, LLC

Condensed Consolidated Balance Sheets

 September 30, 2025December 31, 2024 (Unaudited)Assets  Current assets  Cash and cash equivalents$12,612,246 $39,594,084 Trade accounts receivable31,565,359 29,771,609 Inventories81,905,053 45,078,676 Commodity derivative instruments10,583,299 9,600,761 Prepaid expenses1,117,120 2,976,524 Total current assets137,783,077 127,021,654 Property and equipment615,091,531 435,335,629 Less accumulated depreciation(81,056,117)(75,554,375)Total property and equipment, net534,035,414 359,781,254 Other assets  Investments19,156,025 18,605,021 Right-of-use lease asset, net35,163,160 35,829,689 Other assets982,689 656,000 Total other assets55,301,874 55,090,710 Total assets$727,120,365 $541,893,618 

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South Dakota Soybean Processors, LLC

Condensed Consolidated Balance Sheets (continued)

September 30, 2025December 31, 2024(Unaudited)Liabilities and Members' Equity  Current liabilities  Excess of outstanding checks over bank balance$17,512,606 $12,972,629 Notes payable - seasonal loans2,668,134 — Current maturities of long-term debt— 9,000,000 Accounts payable1,796,985 3,979,895 Accrued commodity purchases69,024,218 54,412,561 Commodity derivative instruments2,639,071 3,500,672 Current portion - operating leases3,901,309 3,512,822 Accrued expenses5,743,153 4,623,969 Contract liabilities 280,936 10,524,222 Total current liabilities103,566