Advanced BioEnergy (ABENU) 10-Q 11 Feb 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Dec. 31, 2018	Feb. 01, 2019
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q1
Entity Registrant Name	ADVANCED BIOENERGY, LLC
Entity Central Index Key	1,325,740
Current Fiscal Year End Date	--09-30
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		25,410,851

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Sep. 30, 2018
Current assets:
Cash and cash equivalents	$ 7,719	$ 12,727
Accounts receivable:
Trade accounts receivable	3,162	4,198
Other receivables	277	192
Inventories	5,895	4,922
Prepaid expenses	1,044	732
Total current assets	18,097	22,771
Property and equipment, net	34,022	32,211
Other assets	452	452
Total assets	52,571	55,434
Current liabilities:
Accounts payable	5,181	4,635
Accrued expenses	2,392	2,615
Current portion of long-term debt (stated principal amount of $1,250 and $1,000 at December 31, 2018 and September 30, 2018, respectively)	1,152	905
Total current liabilities	8,725	8,155
Other liabilities	21	23
Long-term debt (stated principal amount of $18,650 and $19,000 at December 31, 2018 and September 30, 2018, respectively)	18,510	18,833
Total liabilities	27,256	27,011
Members' equity:
Members' capital, no par value, 25,410,851 units issued and outstanding	44,826	44,826
Accumulated deficit	(19,511)	(16,403)
Total members' equity	25,315	28,423
Total liabilities and members' equity	$ 52,571	$ 55,434

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2018	Sep. 30, 2018
Statement Of Financial Position [Abstract]
Current portion of long-term debt (stated principal amount)	$ 1,250	$ 1,000
Principal amount of long-term debt	$ 18,650	$ 19,000
Members' capital, par value
Members' capital, units issued	25,410,851	25,410,851
Members' capital, units outstanding	25,410,851	25,410,851

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Net sales
Net sales	$ 31,952	$ 30,498
Type of Revenue [Extensible List]	ck0001325740:EthanolAndRelatedProductsMember	ck0001325740:EthanolAndRelatedProductsMember
Cost of goods sold	$ 34,226	$ 30,908
Type of Cost, Good or Service [Extensible List]	ck0001325740:EthanolAndRelatedProductsMember	ck0001325740:EthanolAndRelatedProductsMember
Gross loss	$ (2,274)	$ (410)
Selling, general and administrative expenses	764	690
Operating loss	(3,038)	(1,100)
Other income	130	2
Interest income	1	1
Interest expense	(201)	(202)
Net loss	$ (3,108)	$ (1,299)
Weighted average units outstanding - basic and diluted	25,411	25,411
Loss per unit - basic and diluted	$ (0.12)	$ (0.05)

Consolidated Statement of Chang

Consolidated Statement of Changes in Members' Equity - 3 months ended Dec. 31, 2018 - USD ($) $ in Thousands	Total	Member's Capital [Member]	Accumulated Deficit [Member]
Beginning Balance at Sep. 30, 2018	$ 28,423	$ 44,826	$ (16,403)
Beginning Balance, shares at Sep. 30, 2018	25,410,851	25,410,851
Net loss	$ (3,108)		(3,108)
Ending Balance at Dec. 31, 2018	$ 25,315	$ 44,826	$ (19,511)
Ending Balance, shares at Dec. 31, 2018	25,410,851	25,410,851

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net loss	$ (3,108)	$ (1,299)
Adjustments to reconcile net loss to operating activities cash flows:
Depreciation	959	964
Amortization of deferred financing costs	24	25
Amortization of deferred rent	(2)	(2)
Change in working capital components:
Trade accounts receivable	1,036	846
Other receivables	(85)	(193)
Inventories	(973)	(819)
Prepaid expenses	(312)	(409)
Accounts payable	771	2,084
Accrued expenses	(223)
Net cash provided by (used in) operating activities	(1,913)	1,197
Cash flows from investing activities:
Purchase of property and equipment	(2,995)	(378)
Change in other assets		26
Net cash used in investing activities	(2,995)	(352)
Cash flows from financing activities:
Payments on debt	(1,000)	(1,213)
Proceeds from debt	900
Net cash used in financing activities	(100)	(1,213)
Net decrease in cash, cash equivalents and restricted cash	(5,008)	(368)
Beginning cash, cash equivalents and restricted cash	12,727	19,804
Ending cash, cash equivalents and restricted cash	7,719	19,436
Supplemental disclosure of cash flow information:
Cash paid for interest, net of capitalized interest of $43 thousand and $0 thousand in the three months ended December 31, 2018 and December 31, 2017, respectively	165	$ 188
Supplemental disclosure of non-cash financing and investing activities:
Accounts payable and accrued expenses related to fixed assets	$ 468

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) - USD ($)	3 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Statement Of Cash Flows [Abstract]
Capitalized interest	$ 43,000	$ 0

Organization and Significant Ac

Organization and Significant Accounting Policies	3 Months Ended
	Dec. 31, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization and Significant Accounting Policies	1. Organization and Significant Accounting Policies The consolidated financial statements include the accounts of Advanced BioEnergy, LLC (“ABE” or the “Company”) and its wholly owned subsidiaries, ABE Fairmont, LLC (“ABE Fairmont”) and ABE South Dakota, LLC (“ABE South Dakota”). Substantially all of the assets of ABE Fairmont were sold in December 2012 and the subsidiary is now inactive. All intercompany balances and transactions have been eliminated in consolidation. The accompanying unaudited consolidated financial statements have been prepared in conformity with U.S. generally accepted accounting principles, or GAAP, for interim financial information and the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. The interim financial statements should be read in conjunction with the audited financial statements and notes thereto contained in the Company’s Annual Report on Form 10-K for the year ended September 30, 2018. The financial information as of December 31, 2018 and the results of operations for the three months ended December 31, 2018 are not necessarily indicative of the results for the fiscal year ending September 30, 2019. In the opinion of management, the interim financial statements reflect all normal recurring adjustments necessary for fair presentation. The Company currently operates two ethanol production facilities in Aberdeen and Huron, South Dakota with a combined production capacity of 80 million gallons per year. Cash, Cash Equivalents, and Restricted Cash The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The Company’s cash balances are maintained in bank depositories and periodically exceed federally insured limits. The Company has not experienced losses in these accounts. The following table provides a reconciliation of cash and cash equivalents, and restricted cash reported within the consolidated balance sheet that sum to the total of the same such amounts in the consolidated statement of cash flows (in thousands): December 31, December 31, 2018 2017 Cash and cash equivalents $ 7,719 $ 18,436 Restricted cash - 1,000 Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 7,719 $ 19,436 Fair Value of Financial Instruments Financial instruments include cash, cash equivalents and restricted cash, accounts receivable, accounts payable, accrued expenses, and long-term debt. The fair value of the long-term debt is estimated based on level 3 inputs based on current anticipated interest rates that management believes would currently be available to the Company for similar debt, taking into account the current credit risk of the Company and other market factors. Based on these factors, the fair value of the long-term debt is currently estimated at carrying value. Excluding cash and cash equivalents, the fair value of the other financial instruments is estimated to approximate carrying value due to the short-term nature of these instruments, and are considered to be Level 3 inputs. Deferred Financing Costs Deferred financing costs are recorded at cost and include expenditures related to secure debt financing. Deferred financing costs are shown as contra debt and are being amortized into interest expense over the term of the agreement using the straight-line method, which approximates the effective interest method. Receivables Credit sales are made to a relatively small number of customers with no collateral required. Trade receivables are carried at original invoice amount less an estimate made for doubtful receivables based on a review of all outstanding amounts on a monthly basis. Management determines the allowance for doubtful accounts by regularly evaluating individual receivables and considering a customer’s financial condition, credit history and current economic conditions. Receivables are written off if deemed uncollectible. Recoveries of receivables previously written off are recorded when received. There was no allowance for doubtful accounts recorded at December 31, 2018 or September 30, 2018. Inventories Ethanol inventory, raw materials, work-in-process and parts inventory are valued using methods that approximate the lower of cost (first-in, first-out) or net realizable value (NRV). Distillers grains and related products are stated at NRV. In the valuation of inventories and purchase and sale commitments, the Company determines NRV by estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. Property and Equipment Property and equipment is carried at cost less accumulated depreciation computed using the straight-line method over the estimated useful lives: Office equipment 3-7 Years Other equipment 1-5 Years Process equipment 15 Years Buildings 40 Years Interest capitalized in property and equipment was $43,000 and $0 for the three months ended December 31, 2018 and 2017, respectively. Maintenance and repairs are charged to expense as incurred; major improvements and betterments are capitalized. Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. An impairment loss is recognized when estimated undiscounted future cash flows from operations are less than the carrying value of the asset group. An impairment loss is measured by the amount by which the carrying value of the asset group exceeds the estimated fair value on that date. Commodity Sales and Purchase Contracts, Derivative Instruments The Company enters into forward sales contracts for ethanol, distillers and corn oil, and purchase contracts for corn and natural gas. The Company classifies these sales and purchase contracts as normal sales and purchase contracts and accordingly these contracts are not marked to market. These contracts provide for the sale or purchase of an item other than a financial instrument or derivative instrument that will be delivered in quantities expected to be sold or used over a reasonable period in the normal course of business. In addition, certain derivative financial instruments that meet the criteria for derivative accounting treatment also qualify for a scope exception to derivative accounting, as they are considered normal purchases and sales. The availability of this exception is based on the assumption that the Company has the ability and it is probable that it will deliver or take delivery of the underlying item. Derivatives that are considered to be normal purchases and sales are exempt from derivative accounting treatment, and are accounted for under accrual accounting. Revenue Recognition Effective October 1, 2018, the Company adopted the new guidance of ASC Topic 606, Revenue from Contracts with Customers (Topic 606) using the modified retrospective approach. Topic 606 requires the Company to recognize revenue to reflect the transfer of promised goods or services to customers in an amount that reflects the consideration to which ABE expects to be entitled in exchange for those goods or services. The new guidance requires the Company to apply the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when, or as, the Company satisfies a performance obligation. The Company generally recognizes revenue at a point in time. The majority of the Company’s contracts with customers have one performance obligation and a contract duration of one year or less. The adoption of this new guidance did not result in any change to our recognition of revenue. The following is a description of principal activities from which we generate revenue. Revenues from contracts with customers are recognized when control of the promised goods are services are transferred to our customers, in an amount that reflects the consideration that we expect to receive in exchange for those goods or services. • Sales of ethanol • Sales of distillers grains • Sales of distillers corn oil We disclose disaggregation of revenue according to product line, along with accounts receivable from contracts with customers, in Note 5. Loss per Unit Basic and diluted loss per unit is computed using the weighted-average number of vested units outstanding during the period. Accounting Estimates Management uses estimates and assumptions in preparing these financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates. Income Taxes The Company has elected to be treated as a partnership for tax purposes and generally does not incur income taxes. Instead, the Company’s earnings and losses are included in the income tax returns of its members. Therefore, no provision or liability for federal or state income taxes has been included in these financial statements. The Company files income tax returns in the U.S. federal and various state jurisdictions. Recent Accounting Pronouncements Effective January 1, 2018, and presented retrospectively, the Company adopted the amended guidance in ASC 230, “Statement of Cash Flows,” which amends existing guidance to require that the Statement of Cash Flows now include restricted cash and restricted cash equivalents along with cash and cash equivalents when reconciling beginning and end-of-period amounts. Effective January 1, 2018, the Company no longer presents transfers between cash and cash equivalents and restricted cash and restricted cash equivalents in the Statement of Cash Flows. In February 2016, the ASC was amended and a new accounting standard, ASC Topic 842, “Leases,” was issued to increase the transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. In order to meet that objective, the new standard requires recognition of the assets and liabilities that arise from leases. Accordingly, a lessee will recognize a right-of-use (ROU) asset for its right to use the underlying asset and a lease liability for the corresponding lease obligation. The lease liability will initially be measured at the present value of the future minimum lease payments over the lease term. The ROU asset will initially be measured as the sum of the initial lease liability, initial costs directly attributable to negotiating and arranging the lease, and payments made by a lessee to the lessor at or before the lease commencement date less any lease incentives received. Lessees can make an accounting policy election by class of underlying asset not to recognize a ROU asset and corresponding lease liability for leases with a term of 12 months or less. Accounting by lessors will remain largely unchanged from current U.S. GAAP. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The modified retrospective approach includes a number of optional practical expedients that companies may elect to apply. These practical expedients relate to the identification and classification of leases that commenced before the effective date, initial direct costs for leases that commenced before the effective date, and the ability to use hindsight in evaluating lessee options to extend or terminate a lease or to purchase the underlying asset. The transition guidance also provides specific guidance for sale and leaseback transactions, build-to-suit leases, leveraged leases, and amounts previously recognized in accordance with the business combinations guidance for leases. The new standard is effective for public companies for fiscal years beginning after December 15, 2018, and interim periods within those years, with early adoption permitted. We have not completed the evaluation of the effect this standard will have on our financial statements, but we believe that adopting this standard may have a material effect on our assets and liabilities due to the recognition of right-of-use assets and lease liabilities on our consolidated balance sheet. The Company is continuing its assessment, which may identify additional effects that adoption of this standard may have on its consolidated financial statements and related disclosures.

Inventories

Inventories	3 Months Ended
	Dec. 31, 2018
Inventory Disclosure [Abstract]
Inventories	2. Inventories A summary of inventories is as follows (in thousands): December 31, September 30, 2018 2018 Chemicals $ 896 $ 783 Work in process 723 677 Ethanol 1,961 1,261 Distillers grain 424 416 Supplies and parts 1,891 1,785 Total $ 5,895 $ 4,922

Property and Equipment

Property and Equipment	3 Months Ended
	Dec. 31, 2018
Property Plant And Equipment [Abstract]
Property and Equipment	3. Property and Equipment A summary of property and equipment is as follows (in thousands): December 31, September 30, 2018 2018 Land $ 1,838 $ 1,811 Buildings 7,786 8,168 Process equipment 109,475 110,348 Other equipment 661 636 Office equipment 495 1,239 Construction in process 6,194 3,561 126,449 125,763 Accumulated depreciation (92,427 ) (93,552 ) Property and equipment, net $ 34,022 $ 32,211

Long-term Debt

Long-term Debt	3 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Long-term Debt	4. Long-term Debt A summary of long-term debt is as follows (in thousands, except percentages): December 31, 2018 December 31, September 30, Interest Rate 2018 2018 ABE South Dakota: Senior debt principal - fixed 6.40% $ 9,000 $ - Senior debt principal - variable 5.82% 10,900 20,000 Deferred financing costs N/A (238 ) (262 ) Total outstanding (stated principal) $ 19,662 $ 19,738 The estimated maturities of debt are as follows (in thousands): Senior Debt Deferred Due By December 31: Principal Financing Total 2019 $ 1,250 $ (98 ) $ 1,152 2020 4,650 (105 ) 4,545 2021 14,000 (9 ) 13,991 2022 - (10 ) (10 ) 2023 - (9 ) (9 ) 2024 - (7 ) (7 ) Total debt $ 19,900 $ (238 ) $ 19,662 2015 Senior Credit Agreement for the South Dakota Plants On December 29, 2015, ABE South Dakota entered into a Master Credit Agreement (“2015 Credit Agreement”) with AgCountry Farm Credit Services, PCA as lender (“AgCountry”) to refinance its existing 2010 Senior Credit Agreement. On December 29, 2015, the Company also entered into (i) a First Supplement to the 2015 Credit Agreement covering a $10.0 million Revolving Term Facility and (ii) a Second Supplemental covering a $20.0 million Term Loan. The transaction funded on December 30, 2015. The $20.0 million Term Loan had a fixed interest rate (“Fixed Rate”) at December 31, 2018. The Fixed Rate was equal to 6.40%. On October 26, 2018, the Company elected to lock in a fixed rate of 6.4%, rather than a variable rate, on the remaining balance of the Term Loan. On January 2, 2019, the Company entered into an Interest Rate Conversion Agreement with AgCountry, whereby the Fixed Rate of 6.40% was reduced to 6.32% for the remainder of the loan term. The Company may elect one or more fixed or adjustable interest rates, rather than a variable rate, based on AgCountry’s cost of funds at the time of the election, plus a margin of 350 basis points. Any election must apply to $1.0 million or more owing on the Term Loan. Beginning April 1, 2016, the Company began making quarterly principal payments of $1.0 million, plus accrued interest, on the Term Loan. The Term Loan was originally scheduled to be fully amortized over five years with the final payment on January 1, 2021. As described below, the payments originally due in January, April, and July 2019 have been deferred and are now due at the end of the term, or January 1, 2021. At December 31, 2018, the balance of the Term Loan was $9.0 million. The $10.0 Revolving Term Facility has a variable interest rate (“Variable Rate”) equal to the one-month LIBOR rate plus an initial “Margin” of 350 basis points. At December 31, 2018, t he Variable Rate was equal to the one-month LIBOR rate of 2.32% plus a Margin of 350 basis points. The Margin will (i) decrease to 3.25% when the aggregate principal balance of all outstanding loans and the unfunded commitment level is $20.0 million or less, and (ii) decrease to 3.00% when this amount is $15.0 million or less. At December 31, 2018, the principal balance of all outstanding loans was $19.9 million, and the unfunded commitment level was $4.1 million. ABE South Dakota, LLC also entered into a Security Agreement with AgCountry under which borrowings under the 2015 Credit Agreement are secured by substantially all of ABE South Dakota’s assets. AgCountry holds a first priority security interest and mortgage in all inventory, accounts receivable, intangibles, equipment, fixtures, buildings, and a first mortgage in land owned or leased by ABE South Dakota. The 2015 Credit Agreement also includes customary financial and non-financial covenants that limit capital expenditures, distributions and debt and require minimum working capital, current ratio, debt to EBITDA, and fixed charge coverage ratios. 2018 Construction and Term Loan On March 13, 2018, ABE South Dakota entered into the Fourth Supplement to the 2015 Credit Agreement (“2018 Term Loan”) with AgCountry to finance a grain storage and receiving facility at the Aberdeen plant. The agreement provides for a $5.0 million multiple advance credit facility. The loan has a variable interest rate equal to the one-month LIBOR rate plus a “Margin” of 350 basis points. During the construction period, the Company will make quarterly interest payments in arrears on the first day of each quarter. Upon completion of construction, the Company will begin making quarterly principal payments in the amount of $250,000 per quarter, plus accrued interest. The 2018 Term Loan will be fully amortized over five years, with the final payment due on July 1, 2024. At December 31, 2018, $0.9 million had been drawn on the 2018 Term Loan, and $47,000 in loan fees and closing costs had been incurred, which have been classified as deferred financing costs and will be amortized as interest expense over the term of the loan. Amendments and Waivers to 2015 Credit Agreement As a result of a depressed margin environment in fiscal 2018, ABE South Dakota was required to request waivers for certain Events of Default at September 30, 2018, and covenant amendments for certain future covenants for which ABE South Dakota projected non-compliance. Although ABE South Dakota’s lender, AgCountry Farm Credit Services, PCA, granted the waivers and covenant amendments via the Third and Fourth Amendments to the 2015 Credit Agreement, we cannot project with certainty that we will meet all covenant obligations, as amended, if depressed margins continue for an extended period of time. If ABE South Dakota is unable to comply with the amended covenants, we cannot be certain that our lender will grant us future waivers, which could result in a material adverse effect upon our business, results of operations and financial condition. On October 19, 2018, ABE South Dakota entered into a Limited Waiver and Third Amendment to the 2015 Credit Agreement (“Third Amendment”) to waive certain Events of Default related to covenant compliance as of September 30, 2018 and temporarily amend certain future covenants. The Third Amendment included the following covenant waiver and amendments: (i) the Fixed Charge Coverage Ratio was waived as of September 30, 2018, reduced to a ratio of 1.00:1.00 as of September 30, 2019, and reverts back to 1.15:1.00 at September 30, 2020, (ii) the Working Capital Covenant was reduced to $10 million at September 30, 2018 and December 31, 2018, $9 million at March 31, 2019 and June 30, 2019, then increased to $10 million at September 30, 2019 and $12 million at September 30, 2020 and all times thereafter, (iii) the Capital Expenditures covenant was increased to $8.0 million for the year ending September 30, 2019, and reverts back to $2.0 million for all subsequent years, and (iv) the outstanding Debt to EBITDA Ratio was waived at September 30, 2018 and will revert back to the requirement that it be less than 4:00:1:00 on the last day of each fiscal year end beginning September 30, 2019. On December 28, 2018, ABE South Dakota entered into a Limited Waiver and Deferral Agreement and Fourth Amendment to the 2015 Credit Agreement (“Fourth Amendment”) to defer three future principal payments and waive and temporarily amend certain future covenants. The Fourth Amendment included the following covenant waivers and amendments: (i) defer the next three principal payments due January 1, April 1, and July 1, 2019 until the Term Loan maturity date on January 1, 2021; (ii) waive the Fixed Charge Coverage Ratio at September 30, 2019, (iii) amend the Working Capital Covenant to $4 million at December 31, 2018 and subsequent months until increasing to $5 million at September 30, 2020, and increasing to $12 million at September 30, 2021, (iv) waive the September 30, 2019 Debt to EBITDA Ratio, and (v) add a Cash Sweep Covenant whereby ABE South Dakota would be required to pay additional principal at the end of each fiscal year in the amount of 30 percent of Free Cash Flow. In order for a Cash Sweep payment to be made, ABE South Dakota must remain in compliance with all covenants before and after the payment. Free Cash Flow is defined as: fiscal year EBITDA less interest expense, scheduled principal payments, and non-financed maintenance capital expenditures. The Fourth Amendment would also restrict future dividend payments until all covenants revert back to originally set levels. Subsequent to the Third and Fourth Amendments described above, ABE South Dakota evaluated projected covenant compliance for the 12 month period following December 31, 2018. Based on this evaluation, ABE South Dakota determined compliance over the next 12 month period is reasonably possible and, as a result, has recognized debt as both current (when payment is due within 12 months of year-end) and long-term on its financial statements. ABE Letter of Credit In connection with the execution of a rail car sublease, the Company, as parent of ABE South Dakota agreed to post a $2.5 million irrevocable and non-transferable standby letter of credit in May 2012 for the benefit of its ethanol marketer as security for the payment obligations of ABE South Dakota. The Company deposited $2.5 million in a restricted account as collateral for this letter of credit and classified it as restricted cash. Effective May 15, 2014, the letter of credit and corresponding deposit of collateral was decreased by $1.0 million in conjunction with an amendment to the rail car sublease. Effective June 27, 2016, the letter of credit and corresponding deposit of collateral was decreased by $0.5 million in conjunction with an amendment to the rail car sublease. Effective July 31, 2018, the letter of credit was terminated and the corresponding collateral requirement was eliminated.

Major Customers

Major Customers	3 Months Ended
	Dec. 31, 2018
Risks And Uncertainties [Abstract]
Major Customers	5. Major Customers ABE South Dakota has ethanol marketing agreements with NGL Energy Partners, LP (“NGL”), a diversified energy business. These ethanol marketing agreements require that we sell to NGL all of the denatured fuel-grade ethanol produced at the South Dakota plants. The term of these ethanol marketing agreements expires on June 30, 2019. ABE South Dakota is party to a co-product marketing agreement with Dakotaland Feeds, LLC (“Dakotaland Feeds”), whereby Dakotaland Feeds markets the local sale of wet distillers’ grains produced at the ABE South Dakota Huron plant and modified distillers’ produced at the Aberdeen plant to third parties for an agreed upon commission. ABE South Dakota has a marketing agreement with Gavilon to market the dried distillers’ grains produced at the Aberdeen and Huron plants through July 31, 2019. ABE South Dakota self-markets its wet and a small portion of modified distillers’ grains produced at the Aberdeen plant. ABE South Dakota is party to an agreement with Gavilon to market all the corn oil produced by the Huron and Aberdeen plants through November 30, 2019 and September 30, 2019, respectively. Sales and receivables from the ABE South Dakota’s major customers were as follows (in thousands): As of and for the Quarter Ending As of and for the Quarter Ending As Of December 31, December 31, September 30, 2018 2017 2018 NGL Energy - Ethanol Three months revenues $ 23,704 $ 23,490 Receivable balance at period end 1,880 2,090 $ 3,274 Gavilon - Corn Oil & Distillers Grains Three months revenues $ 4,663 $ 3,810 Receivable balance at period end 427 468 $ 385 Dakotaland Feeds - Distillers Grains Three months revenues $ 3,399 $ 2,638 Receivable balance at period end 759 546 $ 499

Risk Management

Risk Management	3 Months Ended
	Dec. 31, 2018
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Risk Management	6. Risk Management The Company is exposed to a variety of market risks, including the effects of changes in commodity prices and interest rates. These financial exposures are monitored and managed by the Company as an integral part of its overall risk management program. The Company’s risk management program seeks to reduce the potentially adverse effects that the volatility of these markets may have on its current and future operating results. To reduce these effects, the Company generally attempts to fix corn purchase prices and related sale prices of ethanol, distillers’ grains and corn oil, with forward purchase and sale contracts to lock in future operating margins. The Company had entered into the following fixed price forward contracts at December 31, 2018: Commodity Type Quantity Amount (in 000's) Period Covered Through Ethanol Sale 412,200 gallons $ 458 January 31, 2019 Distillers grains Sale 18,634 tons 1,470 January 31, 2019 Corn oil Sale 300,000 lbs 68 January 31, 2019 Corn Purchase 216,463 bushels 745 March 31, 2019 Natural gas Purchase 317,400 mmbtus 1,102 March 31, 2019 Unrealized gains and losses on forward contracts, in which delivery has not occurred, are deemed “normal purchases and normal sales” and therefore are not marked to market in the financial statements.

Parent Financial Statements

Parent Financial Statements	3 Months Ended
	Dec. 31, 2018
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Parent Financial Statements	7. Parent Financial Statements The following financial information represents the unconsolidated financial statements of Advanced BioEnergy, LLC (“ABE”) as of December 31, 2018 and September 30, 2018, and for the three months ended December 31, 2018 and 2017. ABE’s ability to receive distributions from ABE South Dakota is based on the terms and conditions in ABE South Dakota 2015 Credit Agreement. Under the 2015 Credit Agreement, ABE South Dakota is allowed to make equity distributions of up to 40% of its net income and may distribute up to 100% of its net income if it achieves and maintains an owner’s equity ratio of at least 60% and working capital of at least $15 million. There were no distributions from ABE South Dakota during the last three fiscal years. Advanced BioEnergy, LLC (Unconsolidated) Balance Sheets (Dollars in thousands) December 31, September 30, 2018 2018 (unaudited) ASSETS Current assets: Cash and cash equivalents $ 921 $ 1,220 Prepaids 81 - Total current assets 1,002 1,220 Property and equipment, net 23 25 Other assets: Investment in ABE South Dakota 24,436 27,303 Other assets 32 32 Total assets $ 25,493 $ 28,580 LIABILITIES AND MEMBERS' EQUITY Liabilities: Accounts payable $ 2 $ - Accrued expenses 154 134 Other liabilities 22 23 Total liabilities 178 157 Members' equity: Members' capital, no par value, 25,410,851 units issued and outstanding 44,826 44,826 Accumulated deficit (19,511 ) (16,403 ) Total members' equity 25,315 28,423 Total liabilities and members' equity $ 25,493 $ 28,580 Advanced BioEnergy, LLC (Unconsolidated) Statements of Operations (Dollars in thousands) (Unaudited) Three Months Ended December 31, December 31, 2018 2017 Equity in losses of consolidated subsidiary $ (2,867 ) $ (1,161 ) Selling, general and administrative expenses (242 ) (139 ) Operating loss (3,109 ) (1,300 ) Interest income 1 1 Net loss $ (3,108 ) $ (1,299 ) Advanced BioEnergy, LLC (Unconsolidated) Statements of Cash Flows (Dollars in thousands) (Unaudited) Three Months Ended December 31, December 31, 2018 2017 Cash flows from operating activities: Net loss $ (3,108 ) $ (1,299 ) Adjustments to reconcile net loss to operating activities cash flows: Depreciation 2 10 Equity in losses of consolidated subsidiaries 2,867 1,161 Amortization of deferred revenue and rent (1 ) (1 ) Change in working capital components: Prepaid expenses (81 ) (76 ) Accounts payable 2 - Accrued expenses 20 (21 ) Net cash used in operating activities (299 ) (226 ) Net cash provided by (used in) investing activities - - Net cash provided by (used in) financing activities - - Net decrease in cash and cash equivalents (299 ) (226 ) Beginning cash and cash equivalents 1,220 725 Ending cash and cash equivalents $ 921 $ 499

Organization and Significant _2

Organization and Significant Accounting Policies (Policies)	3 Months Ended
	Dec. 31, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Cash, Cash Equivalents, and Restricted Cash	Cash, Cash Equivalents, and Restricted Cash The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The Company’s cash balances are maintained in bank depositories and periodically exceed federally insured limits. The Company has not experienced losses in these accounts. The following table provides a reconciliation of cash and cash equivalents, and restricted cash reported within the consolidated balance sheet that sum to the total of the same such amounts in the consolidated statement of cash flows (in thousands): December 31, December 31, 2018 2017 Cash and cash equivalents $ 7,719 $ 18,436 Restricted cash - 1,000 Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 7,719 $ 19,436
Fair Value of Financial Instruments	Fair Value of Financial Instruments Financial instruments include cash, cash equivalents and restricted cash, accounts receivable, accounts payable, accrued expenses, and long-term debt. The fair value of the long-term debt is estimated based on level 3 inputs based on current anticipated interest rates that management believes would currently be available to the Company for similar debt, taking into account the current credit risk of the Company and other market factors. Based on these factors, the fair value of the long-term debt is currently estimated at carrying value. Excluding cash and cash equivalents, the fair value of the other financial instruments is estimated to approximate carrying value due to the short-term nature of these instruments, and are considered to be Level 3 inputs.
Deferred Financing Costs	Deferred Financing Costs Deferred financing costs are recorded at cost and include expenditures related to secure debt financing. Deferred financing costs are shown as contra debt and are being amortized into interest expense over the term of the agreement using the straight-line method, which approximates the effective interest method.
Receivables	Receivables Credit sales are made to a relatively small number of customers with no collateral required. Trade receivables are carried at original invoice amount less an estimate made for doubtful receivables based on a review of all outstanding amounts on a monthly basis. Management determines the allowance for doubtful accounts by regularly evaluating individual receivables and considering a customer’s financial condition, credit history and current economic conditions. Receivables are written off if deemed uncollectible. Recoveries of receivables previously written off are recorded when received. There was no allowance for doubtful accounts recorded at December 31, 2018 or September 30, 2018.
Inventories	Inventories Ethanol inventory, raw materials, work-in-process and parts inventory are valued using methods that approximate the lower of cost (first-in, first-out) or net realizable value (NRV). Distillers grains and related products are stated at NRV. In the valuation of inventories and purchase and sale commitments, the Company determines NRV by estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation.
Property and Equipment	Property and Equipment Property and equipment is carried at cost less accumulated depreciation computed using the straight-line method over the estimated useful lives: Office equipment 3-7 Years Other equipment 1-5 Years Process equipment 15 Years Buildings 40 Years Interest capitalized in property and equipment was $43,000 and $0 for the three months ended December 31, 2018 and 2017, respectively. Maintenance and repairs are charged to expense as incurred; major improvements and betterments are capitalized. Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. An impairment loss is recognized when estimated undiscounted future cash flows from operations are less than the carrying value of the asset group. An impairment loss is measured by the amount by which the carrying value of the asset group exceeds the estimated fair value on that date.
Commodity Sales and Purchase Contracts, Derivative Instruments	Commodity Sales and Purchase Contracts, Derivative Instruments The Company enters into forward sales contracts for ethanol, distillers and corn oil, and purchase contracts for corn and natural gas. The Company classifies these sales and purchase contracts as normal sales and purchase contracts and accordingly these contracts are not marked to market. These contracts provide for the sale or purchase of an item other than a financial instrument or derivative instrument that will be delivered in quantities expected to be sold or used over a reasonable period in the normal course of business. In addition, certain derivative financial instruments that meet the criteria for derivative accounting treatment also qualify for a scope exception to derivative accounting, as they are considered normal purchases and sales. The availability of this exception is based on the assumption that the Company has the ability and it is probable that it will deliver or take delivery of the underlying item. Derivatives that are considered to be normal purchases and sales are exempt from derivative accounting treatment, and are accounted for under accrual accounting.
Revenue Recognition	Revenue Recognition Effective October 1, 2018, the Company adopted the new guidance of ASC Topic 606, Revenue from Contracts with Customers (Topic 606) using the modified retrospective approach. Topic 606 requires the Company to recognize revenue to reflect the transfer of promised goods or services to customers in an amount that reflects the consideration to which ABE expects to be entitled in exchange for those goods or services. The new guidance requires the Company to apply the following steps: (1) identify the contract with a customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when, or as, the Company satisfies a performance obligation. The Company generally recognizes revenue at a point in time. The majority of the Company’s contracts with customers have one performance obligation and a contract duration of one year or less. The adoption of this new guidance did not result in any change to our recognition of revenue. The following is a description of principal activities from which we generate revenue. Revenues from contracts with customers are recognized when control of the promised goods are services are transferred to our customers, in an amount that reflects the consideration that we expect to receive in exchange for those goods or services. • Sales of ethanol • Sales of distillers grains • Sales of distillers corn oil We disclose disaggregation of revenue according to product line, along with accounts receivable from contracts with customers, in Note 5.
Loss per Unit	Loss per Unit Basic and diluted loss per unit is computed using the weighted-average number of vested units outstanding during the period.
Accounting Estimates	Accounting Estimates Management uses estimates and assumptions in preparing these financial statements in accordance with generally accepted accounting principles. Those estimates and assumptions affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could differ from those estimates.
Income Taxes	Income Taxes The Company has elected to be treated as a partnership for tax purposes and generally does not incur income taxes. Instead, the Company’s earnings and losses are included in the income tax returns of its members. Therefore, no provision or liability for federal or state income taxes has been included in these financial statements. The Company files income tax returns in the U.S. federal and various state jurisdictions.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Effective January 1, 2018, and presented retrospectively, the Company adopted the amended guidance in ASC 230, “Statement of Cash Flows,” which amends existing guidance to require that the Statement of Cash Flows now include restricted cash and restricted cash equivalents along with cash and cash equivalents when reconciling beginning and end-of-period amounts. Effective January 1, 2018, the Company no longer presents transfers between cash and cash equivalents and restricted cash and restricted cash equivalents in the Statement of Cash Flows. In February 2016, the ASC was amended and a new accounting standard, ASC Topic 842, “Leases,” was issued to increase the transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. In order to meet that objective, the new standard requires recognition of the assets and liabilities that arise from leases. Accordingly, a lessee will recognize a right-of-use (ROU) asset for its right to use the underlying asset and a lease liability for the corresponding lease obligation. The lease liability will initially be measured at the present value of the future minimum lease payments over the lease term. The ROU asset will initially be measured as the sum of the initial lease liability, initial costs directly attributable to negotiating and arranging the lease, and payments made by a lessee to the lessor at or before the lease commencement date less any lease incentives received. Lessees can make an accounting policy election by class of underlying asset not to recognize a ROU asset and corresponding lease liability for leases with a term of 12 months or less. Accounting by lessors will remain largely unchanged from current U.S. GAAP. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The modified retrospective approach includes a number of optional practical expedients that companies may elect to apply. These practical expedients relate to the identification and classification of leases that commenced before the effective date, initial direct costs for leases that commenced before the effective date, and the ability to use hindsight in evaluating lessee options to extend or terminate a lease or to purchase the underlying asset. The transition guidance also provides specific guidance for sale and leaseback transactions, build-to-suit leases, leveraged leases, and amounts previously recognized in accordance with the business combinations guidance for leases. The new standard is effective for public companies for fiscal years beginning after December 15, 2018, and interim periods within those years, with early adoption permitted. We have not completed the evaluation of the effect this standard will have on our financial statements, but we believe that adopting this standard may have a material effect on our assets and liabilities due to the recognition of right-of-use assets and lease liabilities on our consolidated balance sheet. The Company is continuing its assessment, which may identify additional effects that adoption of this standard may have on its consolidated financial statements and related disclosures.

Organization and Significant _3

Organization and Significant Accounting Policies (Tables)	3 Months Ended
	Dec. 31, 2018
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Summary of Reconciliation of Cash and Cash Equivalents, and Restricted Cash	The following table provides a reconciliation of cash and cash equivalents, and restricted cash reported within the consolidated balance sheet that sum to the total of the same such amounts in the consolidated statement of cash flows (in thousands): December 31, December 31, 2018 2017 Cash and cash equivalents $ 7,719 $ 18,436 Restricted cash - 1,000 Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 7,719 $ 19,436
Estimated Useful Lives of Property and Equipment	Property and equipment is carried at cost less accumulated depreciation computed using the straight-line method over the estimated useful lives: Office equipment 3-7 Years Other equipment 1-5 Years Process equipment 15 Years Buildings 40 Years

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Dec. 31, 2018
Inventory Disclosure [Abstract]
Summary of Inventories	A summary of inventories is as follows (in thousands): December 31, September 30, 2018 2018 Chemicals $ 896 $ 783 Work in process 723 677 Ethanol 1,961 1,261 Distillers grain 424 416 Supplies and parts 1,891 1,785 Total $ 5,895 $ 4,922

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
	Dec. 31, 2018
Property Plant And Equipment [Abstract]
Summary of Property and Equipment	A summary of property and equipment is as follows (in thousands): December 31, September 30, 2018 2018 Land $ 1,838 $ 1,811 Buildings 7,786 8,168 Process equipment 109,475 110,348 Other equipment 661 636 Office equipment 495 1,239 Construction in process 6,194 3,561 126,449 125,763 Accumulated depreciation (92,427 ) (93,552 ) Property and equipment, net $ 34,022 $ 32,211

Long-term Debt (Tables)

Long-term Debt (Tables)	3 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Summary of Long-term Debt	A summary of long-term debt is as follows (in thousands, except percentages): December 31, 2018 December 31, September 30, Interest Rate 2018 2018 ABE South Dakota: Senior debt principal - fixed 6.40% $ 9,000 $ - Senior debt principal - variable 5.82% 10,900 20,000 Deferred financing costs N/A (238 ) (262 ) Total outstanding (stated principal) $ 19,662 $ 19,738
Schedule of Maturities of Long Term Debt	The estimated maturities of debt are as follows (in thousands): Senior Debt Deferred Due By December 31: Principal Financing Total 2019 $ 1,250 $ (98 ) $ 1,152 2020 4,650 (105 ) 4,545 2021 14,000 (9 ) 13,991 2022 - (10 ) (10 ) 2023 - (9 ) (9 ) 2024 - (7 ) (7 ) Total debt $ 19,900 $ (238 ) $ 19,662

Major Customers (Tables)

Major Customers (Tables)	3 Months Ended
	Dec. 31, 2018
Risks And Uncertainties [Abstract]
Sales and Receivables	Sales and receivables from the ABE South Dakota’s major customers were as follows (in thousands): As of and for the Quarter Ending As of and for the Quarter Ending As Of December 31, December 31, September 30, 2018 2017 2018 NGL Energy - Ethanol Three months revenues $ 23,704 $ 23,490 Receivable balance at period end 1,880 2,090 $ 3,274 Gavilon - Corn Oil & Distillers Grains Three months revenues $ 4,663 $ 3,810 Receivable balance at period end 427 468 $ 385 Dakotaland Feeds - Distillers Grains Three months revenues $ 3,399 $ 2,638 Receivable balance at period end 759 546 $ 499

Risk Management (Tables)

Risk Management (Tables)	3 Months Ended
	Dec. 31, 2018
Derivative Instruments And Hedging Activities Disclosure [Abstract]
Fixed Price Forward Contracts	The Company had entered into the following fixed price forward contracts at December 31, 2018: Commodity Type Quantity Amount (in 000's) Period Covered Through Ethanol Sale 412,200 gallons $ 458 January 31, 2019 Distillers grains Sale 18,634 tons 1,470 January 31, 2019 Corn oil Sale 300,000 lbs 68 January 31, 2019 Corn Purchase 216,463 bushels 745 March 31, 2019 Natural gas Purchase 317,400 mmbtus 1,102 March 31, 2019

Parent Financial Statements (Ta

Parent Financial Statements (Tables)	3 Months Ended
	Dec. 31, 2018
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Balance Sheets	Advanced BioEnergy, LLC (Unconsolidated) Balance Sheets (Dollars in thousands) December 31, September 30, 2018 2018 (unaudited) ASSETS Current assets: Cash and cash equivalents $ 921 $ 1,220 Prepaids 81 - Total current assets 1,002 1,220 Property and equipment, net 23 25 Other assets: Investment in ABE South Dakota 24,436 27,303 Other assets 32 32 Total assets $ 25,493 $ 28,580 LIABILITIES AND MEMBERS' EQUITY Liabilities: Accounts payable $ 2 $ - Accrued expenses 154 134 Other liabilities 22 23 Total liabilities 178 157 Members' equity: Members' capital, no par value, 25,410,851 units issued and outstanding 44,826 44,826 Accumulated deficit (19,511 ) (16,403 ) Total members' equity 25,315 28,423 Total liabilities and members' equity $ 25,493 $ 28,580
Statements of Operations	Advanced BioEnergy, LLC (Unconsolidated) Statements of Operations (Dollars in thousands) (Unaudited) Three Months Ended December 31, December 31, 2018 2017 Equity in losses of consolidated subsidiary $ (2,867 ) $ (1,161 ) Selling, general and administrative expenses (242 ) (139 ) Operating loss (3,109 ) (1,300 ) Interest income 1 1 Net loss $ (3,108 ) $ (1,299 )
Statements of Cash Flows	Advanced BioEnergy, LLC (Unconsolidated) Statements of Cash Flows (Dollars in thousands) (Unaudited) Three Months Ended December 31, December 31, 2018 2017 Cash flows from operating activities: Net loss $ (3,108 ) $ (1,299 ) Adjustments to reconcile net loss to operating activities cash flows: Depreciation 2 10 Equity in losses of consolidated subsidiaries 2,867 1,161 Amortization of deferred revenue and rent (1 ) (1 ) Change in working capital components: Prepaid expenses (81 ) (76 ) Accounts payable 2 - Accrued expenses 20 (21 ) Net cash used in operating activities (299 ) (226 ) Net cash provided by (used in) investing activities - - Net cash provided by (used in) financing activities - - Net decrease in cash and cash equivalents (299 ) (226 ) Beginning cash and cash equivalents 1,220 725 Ending cash and cash equivalents $ 921 $ 499

Organization and Significant _4

Organization and Significant Accounting Policies - Additional Information (Detail) gal in Millions	3 Months Ended
	Dec. 31, 2018USD ($)Facilitygal	Dec. 31, 2017USD ($)	Sep. 30, 2018USD ($)
Organization And Significant Accounting Policies [Line Items]
Number of ethanol production facilities | Facility	2
Cash and cash equivalents maturity period	Three months or less
Allowance for doubtful accounts	$ 0		$ 0
Interest capitalized in property and equipment	$ 43,000	$ 0
South Dakota [Member]
Organization And Significant Accounting Policies [Line Items]
Capacity of production facilities | gal	80

Organization and Significant _5

Organization and Significant Accounting Policies - Summary of Reconciliation of Cash and Cash Equivalents, and Restricted Cash (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2017	Sep. 30, 2017
Accounting Policies [Abstract]
Cash and cash equivalents	$ 7,719	$ 12,727	$ 18,436
Restricted cash			1,000
Total cash, cash equivalents and restricted cash shown in the statement of cash flows	$ 7,719	$ 12,727	$ 19,436	$ 19,804

Organization and Significant _6

Organization and Significant Accounting Policies - Estimated Useful Lives of Property and Equipment (Detail)	3 Months Ended
	Dec. 31, 2018
Office Equipment [Member] | Minimum [Member]
Property Plant And Equipment [Line Items]
Estimated useful lives	3 years
Office Equipment [Member] | Maximum [Member]
Property Plant And Equipment [Line Items]
Estimated useful lives	7 years
Other Equipment [Member] | Minimum [Member]
Property Plant And Equipment [Line Items]
Estimated useful lives	1 year
Other Equipment [Member] | Maximum [Member]
Property Plant And Equipment [Line Items]
Estimated useful lives	5 years
Process Equipment [Member]
Property Plant And Equipment [Line Items]
Estimated useful lives	15 years
Buildings [Member]
Property Plant And Equipment [Line Items]
Estimated useful lives	40 years

Inventories - Summary of Invent

Inventories - Summary of Inventories (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Sep. 30, 2018
Summary of inventories
Chemicals	$ 896	$ 783
Work in process	723	677
Ethanol	1,961	1,261
Distillers grain	424	416
Supplies and parts	1,891	1,785
Total	$ 5,895	$ 4,922

Property and Equipment - Summar

Property and Equipment - Summary of Property and Equipment (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Sep. 30, 2018
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 126,449	$ 125,763
Accumulated depreciation	(92,427)	(93,552)
Property and equipment, net	34,022	32,211
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,838	1,811
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	7,786	8,168
Process Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	109,475	110,348
Other Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	661	636
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	495	1,239
Construction in Process [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 6,194	$ 3,561

Long-term Debt - Summary of Lon

Long-term Debt - Summary of Long-term Debt (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Sep. 30, 2018	Dec. 29, 2015
Debt Instrument [Line Items]
Interest Rate fixed			6.40%
Senior debt principal	$ 19,900
Deferred financing costs	(238)
Total outstanding (stated principal)	19,662	$ 19,738
ABE South Dakota [Member]
Debt Instrument [Line Items]
Deferred financing costs	$ (238)	(262)
ABE South Dakota [Member] | Senior Debt Principal - Fixed [Member]
Debt Instrument [Line Items]
Interest Rate fixed	6.40%
Senior debt principal	$ 9,000
ABE South Dakota [Member] | Senior Debt Principal - Variable [Member]
Debt Instrument [Line Items]
Interest Rate variable	5.82%
Senior debt principal	$ 10,900	$ 20,000

Long-term Debt - Schedule of Ma

Long-term Debt - Schedule of Maturities of Long Term Debt (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Sep. 30, 2018
Schedule Of Maturities Of Long Term Debt [Line Items]
Senior Debt Principal	$ 19,900
Deferred Financing Costs	(238)
Total	19,662	$ 19,738
2019 [Member]
Schedule Of Maturities Of Long Term Debt [Line Items]
Senior Debt Principal	1,250
Deferred Financing Costs	(98)
Total	1,152
2020 [Member]
Schedule Of Maturities Of Long Term Debt [Line Items]
Senior Debt Principal	4,650
Deferred Financing Costs	(105)
Total	4,545
2021 [Member]
Schedule Of Maturities Of Long Term Debt [Line Items]
Senior Debt Principal	14,000
Deferred Financing Costs	(9)
Total	13,991
2022 [Member]
Schedule Of Maturities Of Long Term Debt [Line Items]
Deferred Financing Costs	(10)
2023 [Member]
Schedule Of Maturities Of Long Term Debt [Line Items]
Deferred Financing Costs	(9)
2024 [Member]
Schedule Of Maturities Of Long Term Debt [Line Items]
Deferred Financing Costs	$ (7)

Long-term Debt - Additional Inf

Long-term Debt - Additional Information (Detail)

Jan. 02, 2019

Mar. 13, 2018USD ($)

Jun. 27, 2016USD ($)

Dec. 29, 2015USD ($)

May 15, 2014USD ($)

Dec. 31, 2018USD ($)

Sep. 30, 2021USD ($)

Sep. 30, 2020USD ($)

Sep. 30, 2019USD ($)

Jun. 30, 2019USD ($)

Mar. 31, 2019USD ($)

Dec. 28, 2018

Sep. 30, 2018USD ($)

Dec. 31, 2017USD ($)

May 31, 2012USD ($)

Debt Instrument [Line Items]

Fixed interest rate

6.40%

Deferred financing costs

$ 238,000

Restricted account collateral for letter of credit

$ 1,000,000

Letter of Credit [Member]

Debt Instrument [Line Items]

Amount of collateral deposit decreased

$ (500,000)

$ (1,000,000)

Standby Letter of Credit [Member]

Debt Instrument [Line Items]

Irrevocable and non-transferable standby letter of credit

$ 2,500,000

Restricted account collateral for letter of credit

$ 2,500,000

ABE South Dakota [Member]

Debt Instrument [Line Items]

Deferred financing costs

238,000

$ 262,000

AgCountry Farm Senior Credit Agreement [Member]

Debt Instrument [Line Items]

Unfunded commitments

4,100,000

Principal balance outstanding loans

19,900,000

AgCountry Farm Senior Credit Agreement [Member] | Applicable Margin 3.25 % [Member]

Debt Instrument [Line Items]

Decrease in applicable margin

3.25%

AgCountry Farm Senior Credit Agreement [Member] | Applicable Margin 3.25 % [Member] | Maximum [Member]

Debt Instrument [Line Items]

Unfunded commitments

$ 20,000,000

AgCountry Farm Senior Credit Agreement [Member] | Applicable Margin 3.00 % [Member]

Debt Instrument [Line Items]

Decrease in applicable margin

3.00%

AgCountry Farm Senior Credit Agreement [Member] | Applicable Margin 3.00 % [Member] | Maximum [Member]

Debt Instrument [Line Items]

Unfunded commitments

$ 15,000,000

AgCountry Farm Senior Credit Agreement [Member] | ABE South Dakota [Member]

Debt Instrument [Line Items]

Applicable margin on variable rate

3.50%

Interest Rate Conversion Agreement [Member] | ABE South Dakota [Member]

Debt Instrument [Line Items]

Debt instrument, applicable interest rate

6.40%

Interest Rate Conversion Agreement [Member] | ABE South Dakota [Member] | Subsequent Event [Member]

Debt Instrument [Line Items]

Debt instrument, applicable interest rate

6.32%

Ag Country Farm First Amendment Senior Credit Agreement [Member] | ABE South Dakota [Member]

Debt Instrument [Line Items]

Minimum working capital requirement

$ 10,000,000

$ 10,000,000

Fixed charge coverage ratio waiver date

Sep. 30, 2018

Ag Country Farm First Amendment Senior Credit Agreement [Member] | Scenario, Forecast [Member] | ABE South Dakota [Member]

Debt Instrument [Line Items]

Reduced minimum fixed charge coverage ratio subject to threshold compliance

1.15

1

Minimum working capital requirement

$ 9,000,000

$ 9,000,000

Minimum working capital requirement after next twelve months and thereafter

$ 12,000,000

$ 10,000,000

Threshold annual capital expenditure

2,000,000

$ 8,000,000

Debt to EBITDA ratio

4

Limited Waiver and Deferral Agreement and Fourth Amendment [Member] | ABE South Dakota [Member]

Debt Instrument [Line Items]

Minimum working capital requirement

$ 4,000,000

Percentage of required additional principal payment at the end of each fiscal year

30.00%

Limited Waiver and Deferral Agreement and Fourth Amendment [Member] | Scenario, Forecast [Member] | ABE South Dakota [Member]

Debt Instrument [Line Items]

Minimum working capital requirement

$ 12,000,000

$ 5,000,000

Revolving Term Loan [Member] | AgCountry Farm Senior Credit Agreement [Member] | ABE South Dakota [Member]

Debt Instrument [Line Items]

Debt instrument, maturity date

Jan. 1, 2021

Balance amount

10,000,000

Unused commitment fees

0.50%

Revolving Term Loan [Member] | AgCountry Farm Senior Credit Agreement [Member] | ABE South Dakota [Member] | 30-Day LIBOR [Member]

Debt Instrument [Line Items]

Applicable margin on variable rate

3.50%

Revolving Term Loan [Member] | AgCountry Farm Senior Credit Agreement [Member] | First Supplement Credit Agreement [Member]

Debt Instrument [Line Items]

Face amount of debt instrument

$ 10,000,000

Term Loan [Member] | AgCountry Farm Senior Credit Agreement [Member] | ABE South Dakota [Member]

Debt Instrument [Line Items]

Face amount of debt instrument

$ 10,000,000

Debt instrument, applicable interest rate

6.40%

Interest rate description

Term Loan had a fixed interest rate (“Fixed Rate”) at December 31, 2018. The Fixed Rate was equal to 6.40%.

Debt instrument, date of first required payment

Apr. 1, 2016

Principal amount of term loan payable

$ 1,000,000

Debt instrument, term

5 years

Debt instrument, maturity date

Jan. 1, 2021

Balance amount

$ 9,000,000

Term Loan [Member] | AgCountry Farm Senior Credit Agreement [Member] | ABE South Dakota [Member] | One-Month LIBOR [Member]

Debt Instrument [Line Items]

Interest rate description

The $10.0 Revolving Term Facility has a variable interest rate (“Variable Rate”) equal to the one-month LIBOR rate plus an initial “Margin” of 350 basis points.

Applicable margin on variable rate

3.50%

Term Loan [Member] | AgCountry Farm Senior Credit Agreement [Member] | ABE South Dakota [Member] | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument [Line Items]

Debt instrument, applicable interest rate

2.32%

Interest rate description

At December 31, 2018, the Variable Rate was equal to the one-month LIBOR rate of 2.32% plus a Margin of 350 basis points.

Term Loan [Member] | AgCountry Farm Senior Credit Agreement [Member] | Second Supplemental Agreement [Member]

Debt Instrument [Line Items]

Face amount of debt instrument

$ 20,000,000

2018 Term Loan [Member] | ABE South Dakota [Member]

Debt Instrument [Line Items]

Principal amount of term loan payable

$ 250,000

Debt instrument, term

5 years

Debt instrument, maturity date

Jul. 1, 2024

Funds drawn from loan

$ 900,000

Deferred financing costs

$ 47,000

2018 Term Loan [Member] | ABE South Dakota [Member] | One-Month LIBOR [Member]

Debt Instrument [Line Items]

Applicable margin on variable rate

3.50%

2018 Term Loan [Member] | ABE South Dakota [Member] | London Interbank Offered Rate (LIBOR) [Member]

Debt Instrument [Line Items]

Interest rate description

The loan has a variable interest rate equal to the one-month LIBOR rate plus a “Margin” of 350 basis points.

2018 Term Loan [Member] | Fourth Supplement Credit Agreement [Member] | ABE South Dakota [Member]

Debt Instrument [Line Items]

Face amount of debt instrument

$ 5,000,000

Major Customers - Additional In

Major Customers - Additional Information (Detail) - ABE South Dakota [Member]	3 Months Ended
	Dec. 31, 2018
Ethanol Marketing Agreements [Member]
Revenue, Major Customer [Line Items]
Agreement expiration date	Jun. 30, 2019
Co-product Marketing Agreement [Member]
Revenue, Major Customer [Line Items]
Agreement expiration date	Jul. 31, 2019
Agreement with Gavilon to Market Corn Oil Produced by Huron Plants [Member]
Revenue, Major Customer [Line Items]
Agreement expiration date	Nov. 30, 2019
Agreement with Gavilon to Market Corn Oil Produced by Aberdeen Plants [Member]
Revenue, Major Customer [Line Items]
Agreement expiration date	Sep. 30, 2019

Major Customers - Sales and Rec

Major Customers - Sales and Receivables (Detail) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Sep. 30, 2017
NGL Energy - Ethanol [Member]
Revenue, Major Customer [Line Items]
Revenues	$ 23,704	$ 23,490
Receivable balance at period end	1,880	2,090	$ 3,274
Gavilon - Corn Oil & Distillers Grains [Member]
Revenue, Major Customer [Line Items]
Revenues	4,663	3,810
Receivable balance at period end	427	468	385
Dakotaland Feeds - Distillers Grains [Member]
Revenue, Major Customer [Line Items]
Revenues	3,399	2,638
Receivable balance at period end	$ 759	$ 546	$ 499

Risk Management - Fixed Price F

Risk Management - Fixed Price Forward Contracts (Detail) - Forward Contracts [Member]	3 Months Ended
	Dec. 31, 2018USD ($)MMBTUTlbgalbu
Ethanol (Gallons) Sales Contracts [Member]
Derivative [Line Items]
Forward contracts, Quantity | gal	412,200
Forward contracts, Amount	$ 458,000
Forward contracts, Period Covered Through	Jan. 31, 2019
Distillers Grains (Tons) Sales Contracts [Member]
Derivative [Line Items]
Forward contracts, Amount	$ 1,470,000
Forward contracts, Period Covered Through	Jan. 31, 2019
Forward contracts, Quantity | T	18,634
Corn Oil (Pounds) Sales Contracts [Member]
Derivative [Line Items]
Forward contracts, Amount	$ 68,000
Forward contracts, Period Covered Through	Jan. 31, 2019
Forward contracts, Quantity | lb	300,000
Corn (Bushels) Purchase Contracts [Member]
Derivative [Line Items]
Forward contracts, Quantity | bu	216,463
Forward contracts, Amount	$ 745,000
Forward contracts, Period Covered Through	Mar. 31, 2019
Natural Gas (Mmbtus) Purchase Contracts [Member]
Derivative [Line Items]
Forward contracts, Amount	$ 1,102,000
Forward contracts, Period Covered Through	Mar. 31, 2019
Forward contracts, Quantity | MMBTU	317,400

Parent Financial Statements - A

Parent Financial Statements - Additional Information (Detail) - ABE South Dakota [Member] - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2018	Sep. 30, 2018	Sep. 30, 2017	Sep. 30, 2016
Distributions from subsidiaries		$ 0	$ 0	$ 0
Minimum [Member]
Threshold owner's equity ratio	60.00%
Threshold working capital	$ 15,000,000
AgCountry Farm Senior Credit Agreement [Member] | Maximum [Member]
Threshold pre-tax net income distribution	40.00%
Permitted distribution when covenants are met	100.00%

Parent Financial Statements - B

Parent Financial Statements - Balance Sheets (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 7,719	$ 12,727	$ 18,436
Prepaids	1,044	732
Total current assets	18,097	22,771
Property and equipment, net	34,022	32,211
Other assets:
Other assets	452	452
Total assets	52,571	55,434
Liabilities:
Accounts payable	5,181	4,635
Accrued expenses	2,392	2,615
Other liabilities	21	23
Total liabilities	27,256	27,011
Members' equity:
Members' capital, no par value, 25,410,851 units issued and outstanding	44,826	44,826
Accumulated deficit	(19,511)	(16,403)
Total members' equity	25,315	28,423
Total liabilities and members' equity	52,571	55,434
Parent Company [Member]
Current assets:
Cash and cash equivalents	921	1,220
Prepaids	81
Total current assets	1,002	1,220
Property and equipment, net	23	25
Other assets:
Investment in ABE South Dakota	24,436	27,303
Other assets	32	32
Total assets	25,493	28,580
Liabilities:
Accounts payable	2
Accrued expenses	154	134
Other liabilities	22	23
Total liabilities	178	157
Members' equity:
Members' capital, no par value, 25,410,851 units issued and outstanding	44,826	44,826
Accumulated deficit	(19,511)	(16,403)
Total members' equity	25,315	28,423
Total liabilities and members' equity	$ 25,493	$ 28,580

Parent Financial Statements -_2

Parent Financial Statements - Balance Sheets (Parenthetical) (Detail) - $ / shares	Dec. 31, 2018	Sep. 30, 2018
Members' capital, par value
Members' capital, units issued	25,410,851	25,410,851
Members' capital, units outstanding	25,410,851	25,410,851
Parent Company [Member]
Members' capital, par value
Members' capital, units issued	25,410,851	25,410,851
Members' capital, units outstanding	25,410,851	25,410,851

Parent Financial Statements - S

Parent Financial Statements - Statements of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Selling, general and administrative expenses	$ (764)	$ (690)
Operating loss	(3,038)	(1,100)
Interest income	1	1
Net loss	(3,108)	(1,299)
Parent Company [Member]
Equity in losses of consolidated subsidiary	(2,867)	(1,161)
Selling, general and administrative expenses	(242)	(139)
Operating loss	(3,109)	(1,300)
Interest income	1	1
Net loss	$ (3,108)	$ (1,299)

Parent Financial Statements -_3

Parent Financial Statements - Statements of Cash Flows (Detail) - USD ($) $ in Thousands	3 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Cash flows from operating activities:
Net loss	$ (3,108)	$ (1,299)
Adjustments to reconcile net loss to operating activities cash flows:
Depreciation	959	964
Amortization of deferred revenue and rent	(2)	(2)
Change in working capital components:
Prepaid expenses	(312)	(409)
Accounts payable	771	2,084
Accrued expenses	(223)
Net cash provided by (used in) operating activities	(1,913)	1,197
Net cash provided by (used in) investing activities	(2,995)	(352)
Net cash provided by (used in) financing activities	(100)	(1,213)
Net decrease in cash, cash equivalents and restricted cash	(5,008)	(368)
Beginning cash, cash equivalents and restricted cash	12,727	19,804
Ending cash, cash equivalents and restricted cash	7,719	19,436
Parent Company [Member]
Cash flows from operating activities:
Net loss	(3,108)	(1,299)
Adjustments to reconcile net loss to operating activities cash flows:
Depreciation	2	10
Equity in losses of consolidated subsidiaries	2,867	1,161
Amortization of deferred revenue and rent	(1)	(1)
Change in working capital components:
Prepaid expenses	(81)	(76)
Accounts payable	2
Accrued expenses	20	(21)
Net cash provided by (used in) operating activities	(299)	(226)
Net decrease in cash, cash equivalents and restricted cash	(299)	(226)
Beginning cash, cash equivalents and restricted cash	1,220	725
Ending cash, cash equivalents and restricted cash	$ 921	$ 499