![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Red Trail Energy LLC (CE) | USOTC:REGX | OTCMarkets | Trust |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 3.80 | 0.00 | 01:00:00 |
x
|
Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
|
|
|
|
For the quarterly period ended December 31, 2013
|
|
|
|
OR
|
|
|
o
|
Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
|
|
|
|
For the transition period from to .
|
|
|
|
COMMISSION FILE NUMBER 000-52033
|
North Dakota
|
|
76-0742311
|
||
(State or other jurisdiction of
incorporation or organization)
|
|
(I.R.S. Employer Identification No.)
|
||
|
|
|
||
3682 Highway 8 South, P.O. Box 11, Richardton, ND 58652
|
||||
(Address of principal executive offices)
|
||||
|
||||
(701) 974-3308
|
||||
(Registrant's telephone number, including area code)
|
Large Accelerated Filer
o
|
Accelerated Filer
o
|
Non-Accelerated Filer
x
|
Smaller Reporting Company
o
|
|
Page Number
|
|
|
ASSETS
|
|
December 31, 2013
|
|
September 30, 2013
|
||||
|
|
(Unaudited)
|
|
|
||||
Current Assets
|
|
|
|
|
||||
Cash and equivalents
|
|
$
|
1,411,686
|
|
|
$
|
1,000
|
|
Restricted cash
|
|
743,166
|
|
|
153,210
|
|
||
Accounts receivable, primarily related party
|
|
3,196,076
|
|
|
4,048,686
|
|
||
Other receivables
|
|
256,259
|
|
|
42,472
|
|
||
Inventory
|
|
14,068,097
|
|
|
12,189,693
|
|
||
Prepaid expenses
|
|
244,389
|
|
|
76,428
|
|
||
Total current assets
|
|
19,919,673
|
|
|
16,511,489
|
|
||
|
|
|
|
|
||||
Property, Plant and Equipment
|
|
|
|
|
||||
Land
|
|
836,428
|
|
|
836,428
|
|
||
Land improvements
|
|
4,127,372
|
|
|
4,127,372
|
|
||
Buildings
|
|
5,498,862
|
|
|
5,492,612
|
|
||
Plant and equipment
|
|
77,739,675
|
|
|
77,660,841
|
|
||
Construction in progress
|
|
108,210
|
|
|
25,885
|
|
||
|
|
88,310,547
|
|
|
88,143,138
|
|
||
Less accumulated depreciation
|
|
36,982,783
|
|
|
35,949,952
|
|
||
Net property, plant and equipment
|
|
51,327,764
|
|
|
52,193,186
|
|
||
|
|
|
|
|
||||
Other Assets
|
|
|
|
|
||||
Debt issuance costs, net of amortization
|
|
59,525
|
|
|
64,046
|
|
||
Investment in RPMG
|
|
605,000
|
|
|
605,000
|
|
||
Patronage equity
|
|
2,413,140
|
|
|
2,325,640
|
|
||
Deposits
|
|
41,500
|
|
|
41,500
|
|
||
Total other assets
|
|
3,119,165
|
|
|
3,036,186
|
|
||
|
|
|
|
|
||||
Total Assets
|
|
$
|
74,366,602
|
|
|
$
|
71,740,861
|
|
LIABILITIES AND MEMBERS' EQUITY
|
|
December 31, 2013
|
|
September 30, 2013
|
||||
|
|
(Unaudited)
|
|
|
||||
Current Liabilities
|
|
|
|
|
||||
Disbursements in excess of bank balances
|
|
$
|
—
|
|
|
$
|
3,126,883
|
|
Accounts payable
|
|
4,273,259
|
|
|
3,577,647
|
|
||
Accrued expenses
|
|
5,853,761
|
|
|
1,052,314
|
|
||
Commodities derivative instruments, at fair value
|
|
565,320
|
|
|
48,638
|
|
||
Accrued loss on firm purchase commitments (see note 7)
|
|
90,000
|
|
|
203,000
|
|
||
Current maturities of long-term debt
|
|
2,449,637
|
|
|
2,949,977
|
|
||
Total current liabilities
|
|
13,231,977
|
|
|
10,958,459
|
|
||
|
|
|
|
|
||||
Long-Term Liabilities
|
|
|
|
|
||||
Notes payable
|
|
14,120,784
|
|
|
17,836,281
|
|
||
Contracts payable
|
|
275,000
|
|
|
275,000
|
|
||
Total long-term liabilities
|
|
14,395,784
|
|
|
18,111,281
|
|
||
|
|
|
|
|
||||
Members’ Equity (40,148,160 Class A Membership Units issued and outstanding)
|
|
46,738,841
|
|
|
42,671,121
|
|
||
|
|
|
|
|
||||
Total Liabilities and Members’ Equity
|
|
$
|
74,366,602
|
|
|
$
|
71,740,861
|
|
|
Three Months Ended
|
|
Three Months Ended
|
||||
|
December 31, 2013
|
|
December 31, 2012
|
||||
|
(Unaudited)
|
|
(Unaudited)
|
||||
Revenues, primarily related party
|
$
|
33,785,964
|
|
|
$
|
42,258,878
|
|
|
|
|
|
||||
Cost of Goods Sold
|
|
|
|
||||
Cost of goods sold
|
29,163,305
|
|
|
40,826,626
|
|
||
Lower of cost or market inventory adjustment
|
—
|
|
|
249,000
|
|
||
Loss on firm purchase commitments
|
—
|
|
|
636,000
|
|
||
Total Cost of Goods Sold
|
29,163,305
|
|
|
41,711,626
|
|
||
|
|
|
|
||||
Gross Profit
|
4,622,659
|
|
|
547,252
|
|
||
|
|
|
|
||||
General and Administrative Expenses
|
471,087
|
|
|
526,247
|
|
||
|
|
|
|
||||
Operating Income
|
4,151,572
|
|
|
21,005
|
|
||
|
|
|
|
||||
Other Income (Expense)
|
|
|
|
||||
Interest income
|
8,003
|
|
|
9,262
|
|
||
Other income
|
76,736
|
|
|
37,415
|
|
||
Interest expense
|
(168,591
|
)
|
|
(238,991
|
)
|
||
Total other income (expense), net
|
(83,852
|
)
|
|
(192,314
|
)
|
||
|
|
|
|
||||
Net Income (Loss)
|
$
|
4,067,720
|
|
|
$
|
(171,309
|
)
|
|
|
|
|
||||
Weighted Average Units Outstanding
|
|
|
|
||||
Basic
|
40,148,160
|
|
|
40,163,160
|
|
||
|
|
|
|
||||
Diluted
|
40,148,160
|
|
|
40,168,160
|
|
||
|
|
|
|
||||
Net Income Per Unit
|
|
|
|
||||
Basic
|
$
|
0.10
|
|
|
$
|
—
|
|
|
|
|
|
||||
Diluted
|
$
|
0.10
|
|
|
$
|
—
|
|
|
|
|
|
|
Three Months Ended
|
|
Three Months Ended
|
||||
|
December 31, 2013
|
|
December 31, 2012
|
||||
Cash Flows from Operating Activities
|
(Unaudited)
|
|
(Unaudited)
|
||||
Net income (loss)
|
$
|
4,067,720
|
|
|
$
|
(171,309
|
)
|
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
|
|
|
|
||||
Depreciation and amortization
|
1,037,352
|
|
|
1,007,987
|
|
||
Change in fair value of derivative instruments
|
516,683
|
|
|
234,760
|
|
||
Lower of cost or market inventory adjustment
|
—
|
|
|
249,000
|
|
||
Gain on disposal of fixed assets
|
—
|
|
|
(20,796
|
)
|
||
Loss on firm purchase commitments
|
—
|
|
|
636,000
|
|
||
Noncash patronage equity
|
(87,500
|
)
|
|
(87,500
|
)
|
||
Change in operating assets and liabilities:
|
|
|
|
||||
Restricted cash
|
(589,956
|
)
|
|
(295,372
|
)
|
||
Accounts receivable
|
852,610
|
|
|
(425,016
|
)
|
||
Other receivables
|
(213,787
|
)
|
|
(15,891
|
)
|
||
Inventory
|
(1,878,404
|
)
|
|
(6,316,267
|
)
|
||
Prepaid expenses
|
(167,961
|
)
|
|
(133,083
|
)
|
||
Accounts payable
|
695,612
|
|
|
1,675,474
|
|
||
Accrued expenses
|
4,801,446
|
|
|
2,831,914
|
|
||
Accrued purchase commitment losses
|
(113,000
|
)
|
|
—
|
|
||
Net cash provided by (used in) operating activities
|
8,920,815
|
|
|
(830,099
|
)
|
||
|
|
|
|
||||
Cash Flows from Investing Activities
|
|
|
|
||||
Proceeds from disposal of fixed assets
|
—
|
|
|
160,250
|
|
||
Capital expenditures
|
(167,409
|
)
|
|
(54,485
|
)
|
||
Net cash (used in) provided by investing activities
|
(167,409
|
)
|
|
105,765
|
|
||
|
|
|
|
||||
Cash Flows from Financing Activities
|
|
|
|
||||
Disbursements in excess of bank balances
|
(3,126,883
|
)
|
|
582,443
|
|
||
Loan fees
|
—
|
|
|
(9,925
|
)
|
||
Net payments on short-term borrowings
|
(3,708,000
|
)
|
|
826,000
|
|
||
Debt repayments
|
(507,837
|
)
|
|
(674,184
|
)
|
||
Net cash (used in) provided by financing activities
|
(7,342,720
|
)
|
|
724,334
|
|
||
|
|
|
|
||||
Net Increase in Cash and Equivalents
|
1,410,686
|
|
|
—
|
|
||
Cash and Equivalents - Beginning of Period
|
1,000
|
|
|
1,000
|
|
||
Cash and Equivalents - End of Period
|
$
|
1,411,686
|
|
|
$
|
1,000
|
|
|
|
|
|
||||
Supplemental Disclosure of Cash Flow Information
|
|
|
|
||||
Interest paid net of swap settlements
|
$
|
179,743
|
|
|
$
|
240,940
|
|
As of:
|
|
December 31, 2013 (unaudited)
|
|
September 30, 2013
|
|||||||||||||||
Contract Type
|
|
# of Contracts
|
Notional Amount (Qty)
|
Fair Value
|
|
# of Contracts
|
Notional Amount (Qty)
|
Fair Value
|
|||||||||||
Corn futures
|
|
—
|
|
—
|
|
|
$
|
—
|
|
|
80
|
|
400,000
|
|
bushels
|
$
|
(48,638
|
)
|
|
Corn options
|
|
—
|
|
—
|
|
|
$
|
—
|
|
|
—
|
|
—
|
|
—
|
|
$
|
—
|
|
Ethanol futures
|
|
50
|
|
2,100,000
|
|
gal
|
$
|
(565,320
|
)
|
|
—
|
|
—
|
|
—
|
|
$
|
—
|
|
Total fair value
|
|
|
|
|
$
|
(565,320
|
)
|
|
|
|
|
$
|
(48,638
|
)
|
|||||
Amounts are recorded separately on the balance sheet - negative numbers represent liabilities
|
Derivatives not designated as hedging instruments:
|
|
|
|
|
||||
|
|
|
|
|
||||
Balance Sheet - as of December 31, 2013 (unaudited)
|
|
Asset
|
|
Liability
|
||||
Commodity derivative instruments, at fair value
|
|
$
|
—
|
|
|
$
|
565,320
|
|
Total derivatives not designated as hedging instruments for accounting purposes
|
|
$
|
—
|
|
|
$
|
565,320
|
|
|
|
|
|
|
||||
Balance Sheet - as of September 30, 2013
|
|
Asset
|
|
Liability
|
||||
Commodity derivative instruments, at fair value
|
|
$
|
—
|
|
|
$
|
48,638
|
|
Total derivatives not designated as hedging instruments for accounting purposes
|
|
$
|
—
|
|
|
$
|
48,638
|
|
Statement of Operations Income/(Expense)
|
|
Location of gain (loss) in fair value recognized in income
|
|
Amount of gain(loss) recognized in income during the three months ended December 31, 2013 (unaudited)
|
|
Amount of gain (loss) recognized in income during the three months ended December 31, 2012 (unaudited)
|
||||
Corn derivative instruments
|
|
Cost of Goods Sold
|
|
$
|
749,375
|
|
|
$
|
302,528
|
|
Ethanol derivative instruments
|
|
Revenue
|
|
(565,320
|
)
|
|
—
|
|
||
Soybean oil derivative instruments
|
|
Revenue
|
|
—
|
|
|
3,084
|
|
||
Total
|
|
|
|
$
|
184,055
|
|
|
$
|
305,612
|
|
As of
|
|
December 31, 2013
(unaudited)
|
|
September 30, 2013
|
||||
Raw materials, including corn, chemicals and supplies
|
|
$
|
9,474,763
|
|
|
$
|
7,510,059
|
|
Work in process
|
|
785,233
|
|
|
1,056,340
|
|
||
Finished goods, including ethanol and distillers grains
|
|
2,112,711
|
|
|
1,951,155
|
|
||
Spare parts
|
|
1,695,390
|
|
|
1,672,139
|
|
||
Total inventory
|
|
$
|
14,068,097
|
|
|
$
|
12,189,693
|
|
|
|
For the three months ended December 31, 2013 (unaudited)
|
|
For the three months ended December 31, 2012 (unaudited)
|
||||
Loss on firm purchase commitments
|
|
$
|
—
|
|
|
$
|
636,000
|
|
Loss on lower of cost or market adjustment for inventory on hand
|
|
—
|
|
|
249,000
|
|
||
Total loss on lower of cost or market adjustments
|
|
$
|
—
|
|
|
$
|
885,000
|
|
As of
|
|
December 31, 2013 (unaudited)
|
|
September 30, 2013
|
||||
Long-term notes payable under loan agreement to bank
|
|
$
|
16,500,000
|
|
|
$
|
20,708,000
|
|
Capital lease obligations (Note 6)
|
|
70,421
|
|
|
78,258
|
|
||
Total Long-Term Debt
|
|
16,570,421
|
|
|
20,786,258
|
|
||
Less amounts due within one year
|
|
2,449,637
|
|
|
2,949,977
|
|
||
Total Long-Term Debt Less Amounts Due Within One Year
|
|
$
|
14,120,784
|
|
|
$
|
17,836,281
|
|
Scheduled debt maturities for the twelve months ending December 31
|
|
Totals
|
||
|
|
|
||
2014
|
|
$
|
2,449,637
|
|
2015
|
|
2,041,784
|
|
|
2016
|
|
2,000,000
|
|
|
2017
|
|
10,079,000
|
|
|
Thereafter
|
|
—
|
|
|
Total
|
|
$
|
16,570,421
|
|
Interest Expense
|
|
For the three months ended December 31, 2013 (unaudited)
|
|
For the three months ended December 31, 2012 (unaudited)
|
||||
Interest expense on long-term debt
|
|
$
|
168,591
|
|
|
$
|
238,991
|
|
Total interest expense
|
|
$
|
168,591
|
|
|
$
|
238,991
|
|
|
|
|
|
|
Fair Value Measurement Using
|
||||||||||||||
|
Carrying Amount as of December 31, 2013 (unaudited)
|
|
Fair Value as of December 31, 2013 (unaudited)
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
||||||||||
Liabilities
|
|
|
|
|
|
|
|
|
|
||||||||||
Commodities derivative instruments
|
$
|
565,320
|
|
|
$
|
565,320
|
|
|
$
|
565,320
|
|
|
$
|
—
|
|
|
$
|
—
|
|
|
|
|
|
|
|
|
|
|
|
||||||||||
|
|
|
|
|
Fair Value Measurement Using
|
||||||||||||||
|
Carrying Amount as of September 30, 2013
|
|
Fair Value as of September 30, 2013
|
|
Level 1
|
|
Level 2
|
|
Level 3
|
||||||||||
Liabilities
|
|
|
|
|
|
|
|
|
|
||||||||||
Commodities derivative instruments
|
$
|
48,638
|
|
|
$
|
48,638
|
|
|
$
|
48,638
|
|
|
$
|
—
|
|
|
$
|
—
|
|
Total
|
$
|
48,638
|
|
|
$
|
48,638
|
|
|
$
|
48,638
|
|
|
$
|
—
|
|
|
$
|
—
|
|
As of
|
|
December 31, 2013
(unaudited)
|
|
September 30, 2013
|
||||
Equipment
|
|
$
|
564,377
|
|
|
$
|
564,377
|
|
Less accumulated amortization
|
|
(59,303
|
)
|
|
(49,894
|
)
|
||
Net equipment under capital lease
|
|
$
|
505,074
|
|
|
$
|
514,483
|
|
|
|
Operating Leases
|
|
Capital Leases
|
||||
2014
|
|
$
|
471,049
|
|
|
$
|
28,637
|
|
2015
|
|
328,560
|
|
|
41,784
|
|
||
2016
|
|
218,015
|
|
|
—
|
|
||
2017
|
|
208,920
|
|
|
—
|
|
||
2018
|
|
109,810
|
|
|
—
|
|
||
Thereafter
|
|
109,200
|
|
|
—
|
|
||
Total minimum lease commitments
|
|
$
|
1,445,554
|
|
|
70,421
|
|
|
Less amount representing interest
|
|
|
|
—
|
|
|||
Present value of minimum lease commitments included in current maturities of long-term debt on the balance sheet
|
|
|
|
$
|
70,421
|
|
|
|
December 31, 2013
(unaudited)
|
|
September 30, 2013
|
||||
Balance Sheet
|
|
|
|
|
||||
Accounts receivable
|
|
$
|
3,196,076
|
|
|
$
|
3,562,404
|
|
Accounts payable and disbursements in excess of bank balances
|
|
1,464,130
|
|
|
872,827
|
|
||
|
|
|
|
|
||||
|
|
For the three months ended December 31, 2013 (unaudited)
|
|
For the three months ended December 31, 2012 (unaudited)
|
||||
Statement of Operations
|
|
|
|
|
||||
Revenues
|
|
$
|
33,053,641
|
|
|
$
|
33,531,926
|
|
Realized gain on corn hedge
|
|
827,500
|
|
|
—
|
|
||
Cost of goods sold
|
|
562,849
|
|
|
747,603
|
|
||
General and administrative
|
|
15,181
|
|
|
34,687
|
|
||
Inventory Purchases
|
|
$
|
2,623,661
|
|
|
$
|
6,432,118
|
|
•
|
Reduction in ethanol demand due to a decrease or elimination of the ethanol use requirement in the Federal Renewable Fuels Standard;
|
•
|
Fluctuations in the price and market for ethanol, distillers grains and corn oil;
|
•
|
Availability and costs of products and raw materials, particularly corn and coal;
|
•
|
Changes in the environmental regulations that apply to our plant operations and our ability to comply with such regulations;
|
•
|
Ethanol supply exceeding demand and corresponding ethanol price reductions impacting our ability to operate profitably and maintain a positive spread between the selling price of our products and our raw material costs;
|
•
|
Our ability to generate and maintain sufficient liquidity to fund our operations, meet debt service requirements and necessary capital expenditures;
|
•
|
Our ability to continue to meet our loan covenants;
|
•
|
Limitations and restrictions contained in the instruments and agreements governing our indebtedness;
|
•
|
Results of our hedging transactions and other risk management strategies;
|
•
|
Changes and advances in ethanol production technology; and
|
•
|
Competition from alternative fuels and alternative fuel additives.
|
|
Three Months Ended
December 31, 2013 (Unaudited)
|
|
Three Months Ended
December 31, 2012 (Unaudited)
|
||||||||||
Statement of Operations Data
|
Amount
|
|
%
|
|
Amount
|
|
%
|
||||||
Revenues
|
$
|
33,785,964
|
|
|
100.00
|
|
|
$
|
42,258,878
|
|
|
100.00
|
|
Cost of Goods Sold
|
29,163,305
|
|
|
86.32
|
|
|
41,711,626
|
|
|
98.71
|
|
||
Gross Profit
|
4,622,659
|
|
|
13.68
|
|
|
547,252
|
|
|
1.29
|
|
||
General and Administrative Expenses
|
471,087
|
|
|
1.39
|
|
|
526,247
|
|
|
1.25
|
|
||
Operating Income
|
4,151,572
|
|
|
12.29
|
|
|
21,005
|
|
|
0.05
|
|
||
Other Expense
|
(83,852
|
)
|
|
(0.25
|
)
|
|
(192,314
|
)
|
|
(0.46
|
)
|
||
Net Income (Loss)
|
$
|
4,067,720
|
|
|
12.04
|
|
|
$
|
(171,309
|
)
|
|
(0.41
|
)
|
|
|
Three Months ended December 31, 2013 (unaudited)
|
|
Three Months ended
December 31, 2012
(unaudited)
|
||||
Production:
|
|
|
|
|
||||
Ethanol sold (gallons)
|
|
12,359,493
|
|
|
13,925,421
|
|
||
Dried distillers grains sold (tons)
|
|
28,674
|
|
|
28,068
|
|
||
Modified distillers grains sold (tons)
|
|
18,410
|
|
|
24,496
|
|
||
Corn oil sold (pounds)
|
|
2,646,860
|
|
|
2,205,800
|
|
||
Revenues:
|
|
|
|
|
||||
Ethanol average price per gallon (net of hedging)
|
|
$
|
2.10
|
|
|
$
|
2.21
|
|
Dried distillers grains average price per ton
|
|
189.15
|
|
|
262.18
|
|
||
Modified distillers grains average price per ton
|
|
80.43
|
|
|
124.35
|
|
||
Corn oil average price per pound
|
|
0.27
|
|
|
0.33
|
|
||
Primary Inputs:
|
|
|
|
|
||||
Corn ground (bushels)
|
|
4,876,288
|
|
|
5,216,972
|
|
||
Costs of Primary Inputs:
|
|
|
|
|
||||
Corn average price per bushel (net of hedging)
|
|
$
|
4.63
|
|
|
$
|
6.69
|
|
Other Costs (per gallon of ethanol sold):
|
|
|
|
|
||||
Chemical and additive costs
|
|
$
|
0.113
|
|
|
$
|
0.086
|
|
Denaturant cost
|
|
0.052
|
|
|
0.052
|
|
||
Electricity cost
|
|
0.055
|
|
|
0.049
|
|
||
Direct labor cost
|
|
0.046
|
|
|
0.044
|
|
|
|
2013
(unaudited)
|
|
2012
(unaudited)
|
||||
Net cash provided by (used in) operating activities
|
|
$
|
8,920,815
|
|
|
$
|
(830,099
|
)
|
Net cash (used in) provided by investing activities
|
|
(167,409
|
)
|
|
105,765
|
|
||
Net cash (used in) provided by financing activities
|
|
(7,342,720
|
)
|
|
724,334
|
|
||
Net increase in cash
|
|
$
|
1,410,686
|
|
|
$
|
—
|
|
Cash and cash equivalents, end of period
|
|
$
|
1,411,686
|
|
|
$
|
1,000
|
|
|
|
Outstanding Balance (Millions)
|
|
Interest Rate
|
|
Estimated
|
|
|
||||||||||||
Term Note
|
|
December 31, 2013 (Unaudited)
|
|
September 30, 2013
|
|
December 31, 2013 (Unaudited)
|
|
September 30, 2013
|
|
Quarterly
Principal
Payment Amounts
|
|
Notes
|
||||||||
Term Note
|
|
$
|
16.5
|
|
|
$
|
17.0
|
|
|
3.74
|
%
|
|
3.77
|
%
|
|
$
|
500,000
|
|
|
1, 2
|
Long-Term Revolving Note
|
|
—
|
|
|
3.71
|
|
|
3.74
|
%
|
|
3.77
|
%
|
|
$
|
125,000
|
|
|
1, 2, 3
|
•
|
Providing FNBO with current and accurate financial statements;
|
•
|
Maintaining certain financial ratios including minimum working capital and fixed charge coverage ratio;
|
•
|
Maintaining adequate insurance;
|
•
|
Making, or allowing to be made, any significant change in our business or tax structure;
|
•
|
Limiting our ability to make distributions to members; and
|
•
|
Maintaining a threshold of capital expenditures.
|
(a)
|
The following exhibits are filed as part of this report.
|
Exhibit No.
|
|
Exhibits
|
|
31.1
|
|
|
Certificate Pursuant to 17 CFR 240.13a-14(a)*
|
31.2
|
|
|
Certificate Pursuant to 17 CFR 240.13a-14(a)*
|
32.1
|
|
|
Certificate Pursuant to 18 U.S.C. Section 1350*
|
32.2
|
|
|
Certificate Pursuant to 18 U.S.C. Section 1350*
|
101
|
|
|
The following financial information from Red Trail Energy, LLC's Quarterly Report on Form 10-Q for the quarter ended December 31, 2013, formatted in XBRL (eXtensible Business Reporting Language): (i) Condensed Balance Sheets as of December 31, 2013 and September 30, 2013, (ii) Statements of Operations for the three months ended December 31, 2013 and 2012, (iii) Statements of Cash Flows for the three months ended December 31, 2013 and 2012, and (iv) the Notes to Unaudited Condensed Financial Statements.**
|
|
|
|
RED TRAIL ENERGY, LLC
|
|
|
|
|
Date:
|
February 12, 2014
|
|
/s/ Gerald Bachmeier
|
|
|
|
Gerald Bachmeier
|
|
|
|
President and Chief Executive Officer
|
|
|
|
(Principal Executive Officer)
|
|
|
|
|
Date:
|
February 12, 2014
|
|
/s/ Jodi Johnson
|
|
|
|
Jodi Johnson
|
|
|
|
Chief Financial Officer
|
|
|
|
(Principal Financial and Accounting Officer)
|
1 Year Red Trail Energy (CE) Chart |
1 Month Red Trail Energy (CE) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions