XML 18 R19.htm IDEA: XBRL DOCUMENT v3.19.3
Related-Party Transactions
9 Months Ended
Oct. 31, 2019
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]

Note 14.  Related-Party Transactions


During the third quarters of fiscal years 2019 and 2018, One Earth and NuGen purchased approximately $58.5 million and approximately $47.3 million, respectively, of corn from minority equity investors and board members of those subsidiaries. Such purchases totaled approximately $148.7 million and approximately $138.6 million for the nine months ended October 31, 2019 and 2018, respectively. The Company had amounts payable to related parties for corn purchases of approximately $0.1 million and approximately $1.9 million at October 31, 2019 and January 31, 2019, respectively.


One Earth terminated its agreement with its corn origination agent at the end of the third quarter of fiscal year 2019. In connection with this, the Company had amounts receivable from related parties of approximately $6.7 million at October 31, 2019.


During the third quarters of fiscal years 2019 and 2018, the Company recognized commission income of approximately $0.2 million and expense of approximately $0.4 million, respectively, payable to the minority investor in the refined coal entity. During the first nine months of fiscal years 2019 and 2018, the Company recognized commission income of approximately $0.6 million and expense of approximately $0.7 million, respectively. The commission income or expense is associated with the refined coal acquisition. The Company had accrued liabilities and accounts payable related to the commission income or expense of approximately $0.7 million and approximately $1.6 million at October 31, 2019 and January 31, 2019, respectively.