Company: REX
Filing Date: 2025-06-04
Form Type: 10-Q
Source: 0000930413-25-001941
Chunk: 5

Company: REX AMERICAN RESOURCES Corp
Filing Date: 2025-06-04
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 $231,200 

    Non-cash investing activities – Accrued capital expenditures 
    $2,717  
    $3,938 

    Non-cash investing activities – Capital additions transferred from prepaid expense 
    $76  
    $- 

    Non-cash financing activities – Stock awards accrued 
    $301  
    $358 

    Non-cash financing activities – Stock repurchases accrued 
    $577  
    $- 

    Non-cash financing activities – Excise tax on stock repurchases accrued 
    $261  
    $- 

    Prepaid lease payment, prior to lease commencement 
    $-  
    $15,600 

    Operating right-of-use assets acquired and liabilities incurred upon lease execution 
    $3,007  
    $- 

    Finance right-of-use assets acquired and liabilities incurred upon lease execution 
    $3,381  
    $- 

The accompanying notes are an integral part of these unaudited
consolidated financial statements.

7

REX AMERICAN RESOURCES CORPORATION AND
SUBSIDIARIES

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL
STATEMENTS

April 30, 2025

Note 1. Consolidated Financial Statements

References to the Company – References
to “REX” or the “Company” in the consolidated financial statements and in these notes to the consolidated
financial statements refer to REX American Resources Corporation, a Delaware corporation, and its majority and wholly owned subsidiaries.

The consolidated financial statements included
in this report have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange
Commission and include, in the opinion of management, all adjustments necessary to state fairly the information set forth therein.
Any such adjustments were of a normal recurring nature. Certain information and footnote disclosures normally included in financial
statements prepared in accordance with accounting principles generally accepted in the United States of America have been omitted
pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information
presented not misleading. Financial information as of January 31, 2025 included in these financial statements has been derived
from the audited consolidated financial statements included in the Company’s Annual Report on Form 10-K for the year ended
January 31, 2025 (fiscal year 2024). These unaudited consolidated financial statements should be read in