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Related-Party Transactions
3 Months Ended
Apr. 30, 2021
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]

Note 13. Related-Party Transactions

 

During the first quarter of fiscal years 2021 and 2020, One Earth and NuGen purchased approximately $16.7 million and approximately $12.3 million, respectively, of corn (and other supplies) from minority equity investors and board members of those subsidiaries. The Company had amounts payable to related parties of approximately $1.3 million and approximately $0.7 million at April 30, 2021 and January 31, 2021, respectively.

 

During the first quarter of fiscal years 2021 and 2020, the Company recognized commission expense of approximately $36,000 and approximately $(297,000), respectively, payable to the minority investor in the refined coal entity. The commission expense is associated with the refined coal segment. The Company had accrued liabilities and accounts payable related to the commission expense of approximately $0.1 million at April 30, 2021 and January 31, 2021.