Red Trail Energy (REGX) 10-Q 19 Feb 25 2025 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document	3 Months Ended
	Dec. 31, 2024 shares
Document and Entity Information [Abstract]
Entity Registrant Name	RED TRAIL ENERGY, LLC
Entity Central Index Key	0001359687
Current Fiscal Year End Date	--09-30
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Entity File Number	000-52033
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1
Document Quarterly Report	true
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	40,148,160
Entity Incorporation, State or Country Code	ND
Entity Tax Identification Number	76-0742311
Entity Address, Address Line One	3682 Highway 8 South
Entity Address, Address Line Two	P.O. Box 11
Entity Address, City or Town	Richardton
Entity Address, State or Province	ND
Entity Address, Postal Zip Code	58652
City Area Code	701
Local Phone Number	974-3308
Document Transition Report	false
Document Period End Date	Dec. 31, 2024
Amendment Flag	false

Condensed Balance Sheets

Condensed Balance Sheets - USD ($)	Dec. 31, 2024	Sep. 30, 2024
Current Assets
Cash and equivalents	$ 8,483,840	$ 3,390,382
Restricted cash - margin account	878,992	3,714,985
Accounts receivable, primarily related party	4,339,795	4,030,089
Inventory	13,395,980	9,913,061
Prepaid expenses	788,347	569,376
Total current assets	27,886,954	21,617,893
Property, Plant and Equipment
Land	1,333,681	1,333,681
Land improvements	18,563,059	18,563,059
Buildings	15,333,676	15,333,676
Plant and equipment	124,449,958	124,473,132
Construction in progress	3,690,888	2,759,400
Gross property, plant and equipment	163,371,262	162,462,948
Less accumulated depreciation	91,253,628	89,641,814
Net property, plant and equipment	72,117,634	72,821,134
Other Assets
Operating Lease, Right-of-Use Asset	1,678,853	1,746,528
Investment in RPMG	940,642	940,642
Patronage equity	6,606,241	7,047,604
Deposits	40,000	40,000
Total other assets	9,265,736	9,774,774
Total Assets	109,270,324	104,213,801
Current Liabilities
Accounts payable	7,217,814	2,527,925
Accrued expenses	2,770,335	2,271,428
Derivative Liability	66,562	289,200
Accrued loss on firm purchase commitments (see notes 3 and 7)	50,000	50,000
Other Liabilities, Current	184,358	25,895
Current maturities of notes payable	2,125,864	2,126,544
Current portion of operating lease liabilities	392,663	381,258
Total current liabilities	12,807,596	7,672,250
Long-Term Liabilities
Notes payable	18,054,528	18,054,528
Long-term operating lease liabilities	1,286,190	1,365,270
Total long-term liabilities	$ 20,354,458	$ 20,421,830
Common Unit, Outstanding	40,148,160	40,148,160
Common Unit, Issued	40,148,160	40,148,160
Stockholders' Equity Attributable to Parent	$ 76,108,270	$ 76,119,721
Total Liabilities and Members’ Equity	109,270,324	104,213,801
Asset Retirement Obligation	$ 1,013,740	$ 1,002,032

Condensed Statements of Operati

Condensed Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Income Statement [Abstract]
Revenues, primarily related party	$ 34,074,726	$ 43,456,009
Cost of Goods Sold
Cost of goods sold	32,259,172	38,958,689
Loss on firm purchase commitments	0	1,394,000
Total Cost of Goods Sold	32,259,172	40,352,689
Lower of cost or market inventory adjustment	0	0
Gross Profit	1,815,554	3,103,320
General and Administrative Expenses	1,633,536	1,295,942
Operating Income (Loss)	182,018	1,807,378
Other Income (Expense)
Interest income	58,382	165,894
Other income	2,410	455,147
Interest expense	(254,261)	(267,904)
Total other income (expense), net	(193,469)	353,137
Net Income (Loss)	$ (11,451)	$ 2,160,515
Weighted Average Units Outstanding, Basic	40,148,160	40,148,160
Weighted Average Units Outstanding, Diluted	40,148,160	40,148,160
Net Income (Loss) Per Unit, Basic	$ 0	$ 0.05
Net Income (Loss) Per Unit, Diluted	$ 0	$ 0.05

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Cash Flows from Operating Activities
Net income (Loss)	$ (11,451)	$ 2,160,515
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	1,634,988	1,591,194
Gain (Loss) on Disposition of Other Assets	0	0
Change in fair value of derivative instruments	(222,638)	1,467,393
Loss on firm purchase commitments	0	1,394,000
Noncash patronage equity	441,363	65,616
Asset Retirement Obligation, Period Increase (Decrease)	11,708	0
Change in operating assets and liabilities:
Accounts receivable	(309,706)	2,669,757
Inventory	(3,482,916)	(8,689,751)
Prepaid expenses	(218,972)	(781,751)
Increase (Decrease) in Contract with Customer, Liability	158,463	116,607
Accounts payable	4,689,889	5,549,944
Accrued expenses	498,904	446,388
Accrued purchase commitment losses	0	1,394,000
Net cash provided by operating activities	3,189,632	7,383,912
Cash Flows from Investing Activities
Capital expenditures	(931,487)	(448,214)
Net cash (used for) investing activities	(931,487)	(448,214)
Cash Flows from Financing Activities
Distribution Made to Limited Liability Company (LLC) Member, Cash Distributions Paid	0	(995)
Debt repayments	(680)	(219,429)
Net cash (used for) financing activities	(680)	(220,424)
Net Change in Cash, Cash Equivalents and Restricted Cash	2,257,465	6,715,274
Cash, Cash Equivalents and Restricted Cash - Beginning of Period	7,105,367	14,551,103
Cash, Cash Equivalents and Restricted Cash - End of Period	9,362,832	21,266,377
Cash and equivalents	8,483,840	16,563,108
Restricted Cash and Cash Equivalents	878,992	4,703,269
Cash, cash equivalents and restricted cash	9,362,832	21,266,377
Supplemental Disclosure of Cash Flow Information
Interest paid	254,261	267,904
Noncash Investing and Financing Activities
Payments to Acquire Equipment on Lease	0	0
Distributions Payable	0	6,022,224
Capital expenditures in accounts payable	$ 0	$ 0

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Business As of December 31, 2024, Red Trail Energy, LLC, a North Dakota limited liability company (the “Company”), owned and operated a 50 million gallon annual name-plate production ethanol plant near Richardton, North Dakota (the “Plant”). Reduced Carbon Dioxide Fuels Credits As of December 31, 2024, the Company was in the market to sell voluntary carbon dioxide reduction credits. The Company generated these credits through its carbon dioxide sequestration project. The Company held these credits in inventory for the purpose of seeking buyers who were interested in purchasing them. The Company used the inventory method of accounting for these credits and did not include these credits as assets on its balance sheet because they have negligible incremental costs associated with their generation. As of December 31, 2024 the Company has received $948,000 for carbon credit sales. When the Company entered into a contract to sell these credits, it recognized income upon transferring of the credit. 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. Significant items subject to such estimates and assumptions include the useful lives of property, plant and equipment, inventory, asset retirement obligation, and allowance for credit losses. Actual results could differ from those estimates. Net Income (Loss) Per Unit
Nature of Operations	Nature of Business

Revenue

Revenue	3 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Revenue	REVENUE Revenue Recognition As of December 31, 2024, the Company recognized revenue from sales of ethanol and co-products at the point in time when the performance obligations in the Company's contracts with customers are met, which is when the customer obtains control of such products and typically occurs upon shipment (depending on the terms of the underlying contracts). Revenue is measured as the amount of consideration expected to be received in exchange for transferring goods or providing services. In some instances, the Company has entered into contracts with customers that contain multiple performance obligations to deliver specified volumes of co-products over a contractual period of less than 12 months. In such instances, the Company allocates the transaction price to each performance obligation identified in the contract based on relative standalone selling prices and recognizes the related revenue when control of each individual product is transferred to the customer in satisfaction of the corresponding performance obligation. Revenue by Source The following table disaggregates revenue by the Company's major sources for the three months ended December 31, 2024 and 2023. Revenues For the three months ended December 31, 2024 (unaudited) For the three months ended December 31, 2023 (unaudited) Ethanol, E85 and Industrial Alcohol $ 26,062,303 $ 32,058,346 Distillers Grains 5,852,224 8,001,772 Syrup 134,151 144,647 Corn Oil 1,965,512 3,179,871 Carbon Credits 948,000 — Corn Inspection Fee 60,536 71,373 Total revenue from contracts with customers $ 34,074,726 $ 43,456,009 Shipping and Handling Costs As of December 31, 2024, the Company accounted for shipping and handling activities related to contracts with customers as costs to fulfill its promises to transfer the associated products. Accordingly, the Company recorded customer payments associated with shipping and handling costs as a component of revenue and classified such costs as a component of cost of goods sold. Customer Deposits Customer deposits are contract liabilities for payments in excess of revenue recognized. Customer deposits are recognized when modified distillers grains customers make prepayments on their contracts. The ending balances for accounts receivable and customer deposits were as follows for the three month periods ended December 31, 2024 and 2023 and the year-end periods ended September 30, 2024 and 2023: For the period ended December 31, 2024 (unaudited) For the period ended December 31, 2023 (unaudited) For the period ended September 30, 2024 (audited) For the period ended September 30, 2023 (audited & restated) Accounts receivable $ 4,339,795 $ 4,999,684 $ 4,030,089 $ 7,669,441 Customer deposits 184,358 154,901 25,895 38,294

Derivative Instruments

Derivative Instruments	3 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	DERIVATIVE INSTRUMENTS Commodity Contracts As of December 31, 2024, as part of a hedging strategy, the Company from time to time entered into ethanol, soybean, soybean oil, natural gas and corn commodity-based derivatives where the prices are set at a future date in order to protect cash flows from fluctuations caused by volatility in commodity prices. These derivatives were not designated as effective hedges for accounting purposes. For derivative instruments that are not accounted for as hedges, or for the ineffective portions of qualifying hedges, the change in fair market value is recorded through earnings in the period of change. Ethanol derivative fair market value gains or losses were included in the results of operations and are classified as revenue, and corn derivative changes in fair market value are included in cost of goods sold. The following tables provide details regarding the Company's derivative financial instruments at December 31, 2024 and September 30, 2024: As of: December 31, 2024 (unaudited) September 30, 2024 (audited) Contract Type # of Contracts Notional Amount (Qty) Fair Value # of Contracts Notional Amount (Qty) Fair Value Corn options 50 250,000 bu $ (66,562) 912 4,560,000 bushels $ (289,200) Soybean oil options — — t $ — — — gal $ — Natural gas options — — dk $ — — — dk $ — Total fair value $ (66,562) $ (289,200) Amounts are combined on the balance sheet - negative numbers represent liabilities Derivatives not designated as hedging instruments: Balance Sheet - as of December 31, 2024 (unaudited) Asset Liability Commodity derivative instruments, at fair value $ — $ 66,562 Total derivatives not designated as hedging instruments for accounting purposes $ — $ 66,562 Balance Sheet - as of September 30, 2024 (audited) Asset Liability Commodity derivative instruments, at fair value $ — $ 289,200 Total derivatives not designated as hedging instruments for accounting purposes $ — $ 289,200 The following table provides details regarding the Company's amount of recognized gain or loss in income during the three month periods ending at December 31, 2024 and December 31, 2023: 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, 2024 (unaudited) Amount of gain (loss) recognized in income during the three months ended December 31, 2023 (unaudited) Corn derivative instruments Cost of Goods Sold $ 386,644 $ 776,649 Natural gas derivative instruments Cost of Goods Sold — 439,330 Total $ 386,644 $ 1,215,979

Inventory

Inventory	3 Months Ended
	Dec. 31, 2024
Inventory Disclosure [Abstract]
Inventory	INVENTORY Inventory is valued at the lower of cost or net realizable value. Inventory values as of December 31, 2024 and September 30, 2024 were as follows: December 31, 2024 September 30, 2024 (audited) Raw materials, including corn, chemicals and supplies $ 6,780,080 $ 5,107,854 Work in process 1,068,601 1,058,478 Finished goods, including ethanol and distillers grains 2,824,991 1,252,483 Spare parts 2,722,308 2,494,246 Total inventory $ 13,395,980 $ 9,913,061 Lower of cost or net realizable value adjustments for the three months ended December 31, 2024 and 2023 were as follows: For the three months ended December 31, 2024 (unaudited) For the three months ended December 31, 2023 (unaudited) Loss on firm purchase commitments $ — $ 1,394,000 Loss on lower of cost or net realizable value adjustment for inventory on hand $ — $ — Total loss on lower of cost or net realizable value adjustments $ — $ 1,394,000 As of December 31, 2024, the Company had entered into forward corn purchase contracts which required the Company to take delivery of corn at the prenegotiated contract price. At the time the contracts were created, the price of the contract approximated market price. It was expected that subsequent changes in market conditions could cause the fixed prenegotiated contract price to become higher or lower than fluctuating market prices. As of December 31, 2024, the average price of corn purchased under certain fixed price contracts, that had not yet been delivered, was greater than the approximated market price. Based on this information, the Company estimated loss on firm purchase commitments of approximately $0 and 1,394,000 for the three months ended December 31, 2024 and 2023, respectively. The loss is recorded in “Loss on firm purchase commitments” on the statement of operations and "Accrued loss on firm purchase commitments" on the balance sheet. The amount of the potential loss was determined by applying a methodology similar to that used in the impairment valuation with respect to inventory. Given the uncertainty of future ethanol and commodity prices, future losses on the outstanding purchase commitments could be recorded in future periods.

Bank Financing

Bank Financing	3 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Bank Financing	BANK FINANCING Revolving Loan As of December 31, 2024, the Company had a $10 million revolving loan (the "Revolving Loan") from Cornerstone Bank ("Cornerstone") with a maturity date of April 9, 2025. At December 31, 2024, the Company had $10 million available on the Revolving Loan. Interest accrued on any outstanding balance on the Revolving Loan at a rate of 0.25% less than the prime rate as published by the Wall Street Journal, adjusted monthly. The Revolving Loan has a minimum interest rate of 7.5%. The variable interest rate on December 31, 2024 was 7.5%. Subsequent to the December 31, 2024 period end, the Company, in connection with the Asset Sale, paid all outstanding amounts due under the Revolving Loan and terminated the Revolving Loan. Construction Loan On October 28, 2022, the Company entered into a $25 million loan with Cornerstone Bank to refinance two (2) previous construction loans with Cornerstone Bank (the "Consolidated Construction Loan"). Interest accrued on the Consolidated Construction Loan at a fixed rate of 4.65%. As of December 31, 2024, the Company was making annual payments of approximately $3.1 million in January of each year on the Consolidated Construction Loan. As of December 31, 2024, the maturity date of the Consolidated Construction Loan was January 31, 2032. The outstanding balance as of December 31, 2024 on the Consolidated Construction Loan was $20,054,528. The Consolidated Construction Loan was secured by a lien on substantially all of the Company's assets. Subsequent to the December 31, 2024 period end, the Company, in connection with the Asset Sale, paid all outstanding amounts due under the Consolidated Construction Loan and terminated the Consolidated Construction Loan. Each of the Company's loans were secured by a lien on substantially all of the assets of the Company which were released in connection with the Asset Sale. Schedule of debt maturities for the twelve months ending December 31 Totals 2025 $ 2,125,864 2026 2,229,313 2027 2,335,215 2028 2,446,147 2029 2,562,348 Thereafter 8,481,505 Total $ 20,180,392

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS The following table provides information on those liabilities that are measured at fair value on a recurring basis as of December 31, 2024 and September 30, 2024, respectively. Fair Value Measurement Using Carrying Amount as of December 31, 2024 (unaudited) Fair Value as of December 31, 2024 (unaudited) Level 1 Level 2 Level 3 Liabilities Commodities derivative instruments $ 66,562 $ 66,562 $ 66,562 $ — $ — Total $ 66,562 $ 66,562 $ 66,562 $ — $ — Fair Value Measurement Using Carrying Amount as of September 30, 2024 Fair Value as of September 30, 2024 Level 1 Level 2 Level 3 Liabilities Commodities derivative instruments $ 289,200 $ 289,200 $ 289,200 $ — $ — Total $ 289,200 $ 289,200 $ 289,200 $ — $ —

Leases

Leases	3 Months Ended
	Dec. 31, 2024
Leases [Abstract]
leases disclosure text block	LEASES As of December 31, 2024, the Company leased railcar and plant equipment. Operating lease right of use assets and liabilities were recognized at the date of commencement of the lease based on the present value of lease payments over the lease term. The Company used its estimated incremental borrowing rate, unless an implicit rate is readily determinable, as the discount rate for each lease in determining the present value of lease payments. For the three months ended December 31, 2024, the Company's estimated weighted-average discount rate was 7.50%. Operating lease expense was recognized on a straight-line basis over the lease term. The Company elected the short-term lease exemption for all leases with a term of 12 months or less for both existing and ongoing operating leases to not recognize the asset and liability for those leases. Lease payments for short-term leases were recognized on straight-line basis. The Company determines if an arrangement is a lease or contains a lease at inception. The Company's existing leases at December 31, 2024 had remaining lease terms of approximately one year to seven years, which included options to extend the leases when it was reasonably certain the Company would exercise those options. At December 31, 2024 the weighted-average remaining lease term was four years. The Company does not have lease arrangements with residual value guarantees, sale leaseback terms, or material restrictive covenants. The Company does not have any sublease agreements. After the period end of December 31, 2024, due to the closing of the Asset Sale, on January 31, 2025, the Company either assigned or terminated all of its outstanding leases. At the period ending December 31, 2024, the Company was generally responsible for maintenance, taxes, and utilities for leased equipment. Rent expense for operating leases was approximately $208,042 for the three months ended December 31, 2024 and $182,575 for the three months ended December 31, 2023. Equipment under financing leases consists of office equipment and plant equipment, this lease ended in 2024. At December 31, 2024 and September 30, 2024, equipment under financing leases was as follows: December 31, 2024 September 30, 2024 Equipment $ 470,241 $ 493,414 Less accumulated amortization (248,444) (246,032) Net equipment under financing lease $ 221,797 $ 247,382 At December 31, 2024, the Company had the following minimum commitments, which at inception had non-cancellable terms of more than one year. Amounts shown below are for the 12 month periods ending December 31: Operating Leases Financing Leases 2025 $ 392,663 $ — 2026 415,412 — 2027 461,140 — 2028 220,015 — 2029 189,623 — Total minimum lease commitments $ 1,678,853 — Less amount representing interest — Present value of minimum lease commitments included in notes payable on the balance sheet $ —

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	COMMITMENTS AND CONTINGENCIES Firm Purchase Commitments for Corn As of December 31, 2024, to ensure an adequate supply of corn to operate the Plant, the Company entered into contracts to purchase corn from local farmers and elevators. At December 31, 2024, the Company had various fixed price contracts for the purchase of approximately 9.98 million bushels of corn. Using the stated contract price for the fixed price contracts, the Company had commitments of approximately $41.9 million related to the 9.98 million bushels under contract. After the period end of December 31, 2024, due to the closing of the Asset Sale, on January 31, 2025, the Company either assigned or terminated all of its firm purchase commitments for Corn. Water On April 21, 2015, the Company entered into a ten-year contract to purchase raw water from Southwest Water Authority in order to meet the Plant's water requirements (the "Water Contract"). The Water Contract required the Company to purchase a minimum of 160 million gallons of water per year. The minimum estimated obligation for this contract is $424,000 per year. After the period end of December 31, 2024, due to the closing of the Asset Sale, on January 31, 2025, the Company assigned its contract to purchase raw water. Profit and Cost Sharing Agreement The Company entered into a Profit and Cost Sharing Agreement with Bismarck Land Company, LLC, which became effective on November 1, 2016 (the "Bismark Profit and Cost Sharing Contract"). The Bismark Profit and Cost Sharing Contract provided that the Company share 70% of the net revenue generated by the Company from business activities which are brought to the Company by Bismarck Land Company, LLC and conducted on the real estate purchased from the Bismarck Land Company, LLC. The real estate was initially purchased in exchange for 2 million membership units of the Company at $1.66 per unit. This obligation will terminate ten years after the real estate closing date of October 11, 2016 or after Bismarck Land Company, LLC receives $10 million in proceeds from the agreement. In addition, the Profit and Cost Sharing Agreement provides that the Company will pay Bismarck Land Company, LLC 70% of any net proceeds received by the Company from the sale of the subject real estate if a sale were to occur prior to termination of this obligation in accordance with the $10 million cap or the ten-year term of this obligation. The Company has paid Bismarck Land Company, LLC a total of $1,947,581 as of December 31, 2024 in the aggregate and an amount of $0 during the three month period ended December 31, 2024.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Dec. 31, 2024
Related Party Transactions [Abstract]
Related Party Transactions	RELATED PARTY TRANSACTIONS The Company has balances and transactions in the normal course of business with various related parties for the purchase of corn, sale of distillers grains, and sale of ethanol. The related parties include unit holders, members of the board of governors of the Company, and RPMG, Inc. (“RPMG”). Significant related party activity affecting the financial statements is as follows: December 31, 2024 September 30, 2024 Balance Sheet Accounts receivable $ 3,667,917 $ 3,815,434 Accounts payable 527,179 87,635 For the three months ended December 31, 2024 (unaudited) For the three months ended December 31, 2023 Statement of Operations Revenues $ 31,527,231 $ 42,144,640 Cost of goods sold 760,852 789,359 General and administrative — — Inventory Purchases $ 6,842,381 $ 8,801,010

Uncertainties Impacting the Eth

Uncertainties Impacting the Ethanol Industry and Our Future Operations	3 Months Ended
	Dec. 31, 2024
Uncertainties Impacting the Ethanol Industry and Our Future Operations [Abstract]
Uncertainties Impacting the Ethanol Industry and Our Future Operations	UNCERTAINTIES IMPACTING THE ETHANOL INDUSTRY AND OUR FUTURE OPERATIONS As of December 31, 2024, the Company had certain risks and uncertainties that it experienced during volatile market conditions, which could have a severe impact on operations. The Company's revenues were derived from the sale and distribution of ethanol and distillers grains to customers primarily located in the United States. Corn for the production process was supplied to the plant primarily from local agricultural producers and from purchases on the open market. The Company's operating and financial performance was largely driven by prices at which the Company sold ethanol and distillers grains and by the cost at which it was able to purchase corn for operations. The price of ethanol is influenced by factors such as prices, supply and demand, weather, government policies and programs, and unleaded gasoline and the petroleum markets, although since 2005 the prices of ethanol and gasoline began a divergence with ethanol selling for less than gasoline at the wholesale level. Excess ethanol supply in the market, in particular, puts downward pressure on the price of ethanol. The Company's largest cost of production was corn. The cost of corn is generally impacted by factors such as supply and demand, weather, and government programs, global political or economic issues, including but not limited to the war in Ukraine and sanctions associated therewith, or global damaging growing conditions, such as plant disease or adverse weather, including drought, increased fertilizer costs as well as global conflicts, including but not limited to, unrest in the Middle East. As of December 31, 2024, the Company's financial performance was highly dependent on the Federal Renewable Fuels Standard ("RFS"), which requires that a certain amount of renewable fuels must be used each year in the United States. Corn based ethanol, such as the ethanol the Company produced, could be used to meet a portion of the RFS requirement. In November 2013, the EPA issued a proposed rule which would reduce the RFS for 2014, including the RFS requirement related to corn based ethanol. The EPA proposed rule was subject to a comment period which expired in January 2014. On November 30, 2015, the EPA released its final ethanol use requirements for 2014, 2015 and 2016, which were lower than the statutory requirements in the RFS. However, the final RFS for 2017 equaled the statutory requirement which was also the case for the 2018, 2019, 2020, 2021, and 2022 RFS final rules.

Member's Equity

Member's Equity	3 Months Ended
	Dec. 31, 2024
Equity [Abstract]
Member's Equity	MEMBER'S EQUITY Changes in member's equity for the three months ended December 31, 2024 and 2023. Class A Member Units Additional Paid in Capital Accumulated Deficit/Retained Earnings Treasury Units Total Member Equity Balances - September 30, 2024 $ 39,044,595 $ 75,541 $ 37,159,125 $ (159,540) $ 76,119,721 Distribution — — — — — Net income — — (11,451) — (11,451) Balances December 31, 2024 $ 39,044,595 $ 75,541 $ 37,147,674 $ (159,540) $ 76,108,270 Class A Member Units Additional Paid in Capital Accumulated Deficit/Retained Earnings Treasury Units Total Member Equity Balances - September 30, 2023 $ 39,044,595 $ 75,541 $ 44,411,136 $ (159,540) $ 83,371,732 Distribution — — (6,023,219) — (6,023,219) Net income — — 2,160,515 — 2,160,515 Balances December 31, 2023 $ 39,044,595 $ 75,541 $ 40,548,432 $ (159,540) $ 79,509,028

Subsequent Event

Subsequent Event	3 Months Ended
	Dec. 31, 2024
Subsequent Events [Abstract]
Subsequent Event	SUBSEQUENT EVENTS On January 31, 2025 (the “Closing Date”) the Company completed the previously announced transaction pursuant to that certain Asset Purchase Agreement dated as of September 10, 2024 (the “Asset Purchase Agreement”) by and among Red Trail Energy, LLC (the “Company”), Gevo, Inc. (NASDAQ: GEVO) (“Parent” or “Gevo”), and its wholly owned subsidiaries, Richardton CCS, LLC (“R-CCS”) and Net-Zero Richardton, LLC (“NZ-R”), and together with R-CCS, (the “Buyers”). Pursuant to the Asset Purchase Agreement, and subject to the terms and conditions thereof, the Buyers acquired substantially all of the assets, and assumed certain liabilities, of the Company on the terms set forth therein (such transaction, the “Asset Sale”). As a result of the Asset Sale, the Company no longer maintains operations. This description does not purport to be a complete description of the Asset Purchase Agreement and is subject to and qualified in its entirety by reference to the full text of the Asset Purchase Agreement, which was filed as Exhibit 2.1 to the Current Report on Form 8-K, filed by the Company with the SEC on September 16, 2024, and is incorporated by reference. On the Closing Date, the Company closed on the sale of substantially all of its assets for a purchase price of $210 million (subject to adjustment based on the terms of the Asset Purchase Agreement) (the “Purchase Price”) to the Buyers, which was approved by the Members of the Company at the Special Meeting of the Members held on December 5, 2024, as described in the definitive proxy statement filed by the Company with the SEC on October 18, 2024. As previously disclosed, the Company and Gevo entered into an escrow agreement pursuant to which Gevo deposited $10 million in earnest money, which was applied against the Purchase Price. In addition, pursuant to such escrow agreement, Gevo deposited on the Closing Date: (i) $1.26 million of the Purchase Price for the purposes of securing the post-closing indemnification obligations of the Company, and (ii) $5 million of the Purchase Price for purposes of securing any Purchase Price adjustments as described in the Asset Purchase Agreement.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Dec. 31, 2024
Accounting Policies [Abstract]
Accounting Estimates	Accounting Estimates
Net Income Per Unit	Net Income (Loss) Per Unit
Recently Issued Accounting Pronouncements
Emission Credits or Allowances, Policy	Reduced Carbon Dioxide Fuels Credits As of December 31, 2024, the Company was in the market to sell voluntary carbon dioxide reduction credits. The Company generated these credits through its carbon dioxide sequestration project. The Company held these credits in inventory for the purpose of seeking buyers who were interested in purchasing them. The Company used the inventory method of accounting for these credits and did not include these credits as assets on its balance sheet because they have negligible incremental costs associated with their generation. As of December 31, 2024 the Company has received $948,000 for carbon credit sales. When the Company entered into a contract to sell these credits, it recognized income upon transferring of the credit.

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Dec. 31, 2024
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table disaggregates revenue by the Company's major sources for the three months ended December 31, 2024 and 2023. Revenues For the three months ended December 31, 2024 (unaudited) For the three months ended December 31, 2023 (unaudited) Ethanol, E85 and Industrial Alcohol $ 26,062,303 $ 32,058,346 Distillers Grains 5,852,224 8,001,772 Syrup 134,151 144,647 Corn Oil 1,965,512 3,179,871 Carbon Credits 948,000 — Corn Inspection Fee 60,536 71,373 Total revenue from contracts with customers $ 34,074,726 $ 43,456,009
Deposit Liabilities, Type	The ending balances for accounts receivable and customer deposits were as follows for the three month periods ended December 31, 2024 and 2023 and the year-end periods ended September 30, 2024 and 2023: For the period ended December 31, 2024 (unaudited) For the period ended December 31, 2023 (unaudited) For the period ended September 30, 2024 (audited) For the period ended September 30, 2023 (audited & restated) Accounts receivable $ 4,339,795 $ 4,999,684 $ 4,030,089 $ 7,669,441 Customer deposits 184,358 154,901 25,895 38,294

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Dec. 31, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments Commodity Contracts	As of: December 31, 2024 (unaudited) September 30, 2024 (audited) Contract Type # of Contracts Notional Amount (Qty) Fair Value # of Contracts Notional Amount (Qty) Fair Value Corn options 50 250,000 bu $ (66,562) 912 4,560,000 bushels $ (289,200) Soybean oil options — — t $ — — — gal $ — Natural gas options — — dk $ — — — dk $ — Total fair value $ (66,562) $ (289,200) Amounts are combined on the balance sheet - negative numbers represent liabilities
Derivatives Not Designated As Hedging Instruments, Balance Sheet	Derivatives not designated as hedging instruments: Balance Sheet - as of December 31, 2024 (unaudited) Asset Liability Commodity derivative instruments, at fair value $ — $ 66,562 Total derivatives not designated as hedging instruments for accounting purposes $ — $ 66,562 Balance Sheet - as of September 30, 2024 (audited) Asset Liability Commodity derivative instruments, at fair value $ — $ 289,200 Total derivatives not designated as hedging instruments for accounting purposes $ — $ 289,200 The following table provides details regarding the Company's amount of recognized gain or loss in income during the three month periods ending at December 31, 2024 and December 31, 2023:
Derivatives Not Designated as Hedging Instruments, Statement of Operations	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, 2024 (unaudited) Amount of gain (loss) recognized in income during the three months ended December 31, 2023 (unaudited) Corn derivative instruments Cost of Goods Sold $ 386,644 $ 776,649 Natural gas derivative instruments Cost of Goods Sold — 439,330 Total $ 386,644 $ 1,215,979

Inventory (Tables)

Inventory (Tables)	3 Months Ended
	Dec. 31, 2024
Inventory Disclosure [Abstract]
Schedule of Inventory	Inventory is valued at the lower of cost or net realizable value. Inventory values as of December 31, 2024 and September 30, 2024 were as follows: December 31, 2024 September 30, 2024 (audited) Raw materials, including corn, chemicals and supplies $ 6,780,080 $ 5,107,854 Work in process 1,068,601 1,058,478 Finished goods, including ethanol and distillers grains 2,824,991 1,252,483 Spare parts 2,722,308 2,494,246 Total inventory $ 13,395,980 $ 9,913,061
Long-term Purchase Commitment	Lower of cost or net realizable value adjustments for the three months ended December 31, 2024 and 2023 were as follows: For the three months ended December 31, 2024 (unaudited) For the three months ended December 31, 2023 (unaudited) Loss on firm purchase commitments $ — $ 1,394,000 Loss on lower of cost or net realizable value adjustment for inventory on hand $ — $ — Total loss on lower of cost or net realizable value adjustments $ — $ 1,394,000

Debt (Tables)

Debt (Tables)	3 Months Ended
	Dec. 31, 2024
Debt Disclosure [Abstract]
Schedule of Maturities of Long-term Debt	ach of the Company's loans were secured by a lien on substantially all of the assets of the Company which were released in connection with the Asset Sale. Schedule of debt maturities for the twelve months ending December 31 Totals 2025 $ 2,125,864 2026 2,229,313 2027 2,335,215 2028 2,446,147 2029 2,562,348 Thereafter 8,481,505 Total $ 20,180,392

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Dec. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The following table provides information on those liabilities that are measured at fair value on a recurring basis as of December 31, 2024 and September 30, 2024, respectively. Fair Value Measurement Using Carrying Amount as of December 31, 2024 (unaudited) Fair Value as of December 31, 2024 (unaudited) Level 1 Level 2 Level 3 Liabilities Commodities derivative instruments $ 66,562 $ 66,562 $ 66,562 $ — $ — Total $ 66,562 $ 66,562 $ 66,562 $ — $ — Fair Value Measurement Using Carrying Amount as of September 30, 2024 Fair Value as of September 30, 2024 Level 1 Level 2 Level 3 Liabilities Commodities derivative instruments $ 289,200 $ 289,200 $ 289,200 $ — $ — Total $ 289,200 $ 289,200 $ 289,200 $ — $ —

Leases, Codification Topic 840

Leases, Codification Topic 840 (Tables)	3 Months Ended
	Dec. 31, 2024
Leases [Abstract]
Schedule of Capital Leased Assets	Equipment under financing leases consists of office equipment and plant equipment, this lease ended in 2024. At December 31, 2024 and September 30, 2024, equipment under financing leases was as follows: December 31, 2024 September 30, 2024 Equipment $ 470,241 $ 493,414 Less accumulated amortization (248,444) (246,032) Net equipment under financing lease $ 221,797 $ 247,382
Schedule of Future Minimum Payments for Capital Leases	At December 31, 2024, the Company had the following minimum commitments, which at inception had non-cancellable terms of more than one year. Amounts shown below are for the 12 month periods ending December 31: Operating Leases Financing Leases 2025 $ 392,663 $ — 2026 415,412 — 2027 461,140 — 2028 220,015 — 2029 189,623 — Total minimum lease commitments $ 1,678,853 — Less amount representing interest — Present value of minimum lease commitments included in notes payable on the balance sheet $ —

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Dec. 31, 2024
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	Significant related party activity affecting the financial statements is as follows: December 31, 2024 September 30, 2024 Balance Sheet Accounts receivable $ 3,667,917 $ 3,815,434 Accounts payable 527,179 87,635 For the three months ended December 31, 2024 (unaudited) For the three months ended December 31, 2023 Statement of Operations Revenues $ 31,527,231 $ 42,144,640 Cost of goods sold 760,852 789,359 General and administrative — — Inventory Purchases $ 6,842,381 $ 8,801,010

Member's Equity (Tables)

Member's Equity (Tables)	3 Months Ended
	Dec. 31, 2024
Equity [Abstract]
Schedule of Changes in Member's Equity	Changes in member's equity for the three months ended December 31, 2024 and 2023. Class A Member Units Additional Paid in Capital Accumulated Deficit/Retained Earnings Treasury Units Total Member Equity Balances - September 30, 2024 $ 39,044,595 $ 75,541 $ 37,159,125 $ (159,540) $ 76,119,721 Distribution — — — — — Net income — — (11,451) — (11,451) Balances December 31, 2024 $ 39,044,595 $ 75,541 $ 37,147,674 $ (159,540) $ 76,108,270 Class A Member Units Additional Paid in Capital Accumulated Deficit/Retained Earnings Treasury Units Total Member Equity Balances - September 30, 2023 $ 39,044,595 $ 75,541 $ 44,411,136 $ (159,540) $ 83,371,732 Distribution — — (6,023,219) — (6,023,219) Net income — — 2,160,515 — 2,160,515 Balances December 31, 2023 $ 39,044,595 $ 75,541 $ 40,548,432 $ (159,540) $ 79,509,028

Summary of Significant Accoun_3

Summary of Significant Accounting Policies - Nature of Business (Details) gal in Millions	3 Months Ended
	Dec. 31, 2024 USD ($) gal	Dec. 31, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)
Product Information [Line Items]
Net cash provided by operating activities	$ 3,189,632	$ 7,383,912
Cash, cash equivalents and restricted cash	9,362,832	21,266,377	$ 7,105,367	$ 14,551,103
Loss on firm purchase commitments	0	1,394,000
carbon credit sales	$ 948,000	$ 0
Ethanol
Product Information [Line Items]
Annual production capacity | gal	50

Revenue (Details)

Revenue (Details) - USD ($)	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	$ 34,074,726	$ 43,456,009
carbon credit sales	948,000	0
Accounts receivable, primarily related party	4,339,795	4,999,684	$ 4,030,089
Other Liabilities, Current	184,358	154,901	25,895	$ 38,294
Sieve Bottle
Disaggregation of Revenue [Line Items]
Accounts receivable, primarily related party			$ 4,030,089	$ 7,669,441
Ethanol, E85 and Industrial Alcohol
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	26,062,303	32,058,346
Distillers Grains
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	5,852,224	8,001,772
Syrup
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	134,151	144,647
Corn Oil
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	1,965,512	3,179,871
Corn Inspection Fee
Disaggregation of Revenue [Line Items]
Total revenue from contracts with customers	$ 60,536	$ 71,373

Derivative Instruments - Commod

Derivative Instruments - Commodity Contracts (Details)	Dec. 31, 2024 contract	Dec. 31, 2024 bu	Dec. 31, 2024 USD ($)	Dec. 31, 2024 gal	Dec. 31, 2024 dth	Sep. 30, 2024 USD ($) gal contract bu dth
Commodity Contract | Commodity
Derivative [Line Items]
Liabilities			$ (66,562)			$ (289,200)
Corn | Corn options
Derivative [Line Items]
Number of Contracts | contract	50					912
Notional Amount (Qty)		250,000			0	4,560,000
Liabilities			(66,562)			$ (289,200)
Natural Gas [Member] | Corn options
Derivative [Line Items]
Number of Contracts | contract	0					0
Notional Amount (Qty) | dth						0
Liabilities			0			$ 0
Soybean Oil | Corn options
Derivative [Line Items]
Number of Contracts | contract	0					0
Notional Amount (Qty) | gal				0		0
Liabilities			$ 0			$ 0

Derivative Instruments - Balanc

Derivative Instruments - Balance Sheet (Details) - Commodity Contract - Not Designated as Hedging Instrument - USD ($)	Dec. 31, 2024	Sep. 30, 2024
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 0	$ 0
Derivative Liability, Fair Value, Gross Liability	66,562	289,200
Fair Value	0	0
Derivative Instruments Not Designated as Hedging Instruments, Liability, at Fair Value	$ 66,562	$ 289,200

Derivative Instruments - Income

Derivative Instruments - Income Statement (Details) - USD ($)	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Corn
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Cost of goods sold	Cost of goods sold
Natural gas
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Cost of goods sold
Not Designated as Hedging Instrument | Corn
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Net	$ 386,644	$ 776,649
Not Designated as Hedging Instrument | Natural gas
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Net	0	439,330
Not Designated as Hedging Instrument | Commodity Contract
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Income, Net	$ 386,644	$ 1,215,979

- Narrative (Details)

- Narrative (Details) - USD ($)	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2024
Inventory Disclosure [Abstract]
Raw materials, including corn, chemicals and supplies	$ 6,780,080		$ 5,107,854
Work in process	1,068,601		1,058,478
Finished goods, including ethanol and distillers grains	2,824,991		1,252,483
Spare parts	2,722,308		2,494,246
Inventory	13,395,980		$ 9,913,061
Loss on firm purchase commitments	$ 0	$ 1,394,000

Inventory - Total Loss on Lower

Inventory - Total Loss on Lower of Cost or Market Adjustment (Details) - USD ($)	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Inventory Disclosure [Abstract]
Loss on firm purchase commitments	$ 0	$ 1,394,000
Lower of cost or market inventory adjustment	0	0
Total loss on lower of cost or market adjustments	0	1,394,000
Inventory [Line Items]
Loss on firm purchase commitments	$ 0	$ 1,394,000

Bank Financing - Narrative (Det

Bank Financing - Narrative (Details) - USD ($)	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Long-term Debt	$ 20,180,392
Long-Term Debt, Maturity, Year One	2,125,864
Long-Term Debt, Maturity, Year Two	2,229,313
Long-Term Debt, Maturity, Year Three	2,335,215
Long-Term Debt, Maturity, Year Four	2,446,147
Long-Term Debt, Maturity, Year Five	2,562,348
Long-Term Debt, Maturity, after Year Five	8,481,505
Transportation Equipment
Debt Instrument [Line Items]
Rent expense for operating leases	208,042	$ 182,575
Revolving loan | Revolving loan
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	10,000,000
Line of Credit Facility, Remaining Borrowing Capacity	$ 10,000,000
Line of Credit Facility, Interest Rate at Period End	750%
Debt Instrument, Interest Rate, Stated Percentage	750%
Debt Instrument, Description of Variable Rate Basis	0.25% less than the prime rate as published by the Wall Street Journal, adjusted monthly
Revolving loan | Construction Loans [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 25,000,000
Line of Credit Facility, Interest Rate at Period End	465%
Line of Credit Facility, Fair Value of Amount Outstanding	$ 20,054,528
Line of Credit Facility, Periodic Payment	$ 3.1

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Assets - USD ($)	Dec. 31, 2024	Sep. 30, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commodities derivative instruments	$ 66,562	$ 289,200
Liabilities	66,562	289,200
Financial Instruments, Owned, Physical Commodities At Carrying Amount	66,562	289,200
Derivative Instruments Not Designated as Hedging Instruments, Asset, at Carrying Amount	66,562	289,200
Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commodities derivative instruments	66,562	289,200
Liabilities	66,562	289,200
Recurring | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commodities derivative instruments	0	0
Liabilities	0	0
Recurring | Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Commodities derivative instruments	0	0
Liabilities	$ 0	$ 0

Leases, Codification Topic 84_2

Leases, Codification Topic 840 (Details) - USD ($)	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2024
Capital Leased Assets [Line Items]
Discount rate (percentage)	7.50%
Operating Leased Assets [Line Items]
Current Year	$ 392,663
Year One	415,412
Year Two	461,140
Year Three	220,015
Year Four	189,623
Total minimum lease commitments	1,678,853
Current Year	0
Year One	0
Year Two	0
Year Three	0
Year Four	0
Finance Lease, Liability, Undiscounted Excess Amount	0
Total minimum lease commitments	0
Finance Lease, Liability	$ 0
Weighted average remaining lease term	4 years
Minimum
Operating Leased Assets [Line Items]
Lease terms	1 year
Maximum
Operating Leased Assets [Line Items]
Lease terms	7 years
Equipment [Member]
Capital Leased Assets [Line Items]
Finance Lease, Right-of-Use Asset, before Accumulated Amortization	$ 470,241		$ 493,414
Finance Lease, Right-of-Use Asset, Accumulated Amortization	248,444		246,032
Finance Lease, Right-of-Use Asset, after Accumulated Amortization, Total	221,797		$ 247,382
Transportation Equipment
Capital Leased Assets [Line Items]
Rent expense for operating leases	$ 208,042	$ 182,575

Commitments and Contingencies (

Commitments and Contingencies (Details) $ / shares in Units, shares in Millions, gal in Millions			1 Months Ended	3 Months Ended
	Nov. 01, 2016 USD ($) $ / shares shares	Oct. 11, 2016	Jan. 30, 2025 USD ($)	Dec. 31, 2024 USD ($) gal bu
Profit and Cost Sharing Agreement
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Percent Of Net Revenue Generated From Business Activities Conducted On Purchased Real Estate	70%
Stock Issued During Period, Shares, Purchase of Assets | shares	2
Shares Issued, Price Per Share | $ / shares	$ 1.66
Length Of Contract	10 years	10 years
Payments for (Proceeds from) Other Real Estate Partnerships	$ 10,000,000
Guarantor Obligations, Liquidation Proceeds, Percentage	70%
Payments on Profit Sharing Agreement, Cumulative				$ 1,947,581
Payments on Profit Sharing Agreement				$ 0
Profit and Cost Sharing Agreement | Subsequent Event
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Payments on Profit Sharing Agreement, Cumulative			$ 10,047,581
Payments on Profit Sharing Agreement			$ 8.1
Bushels of corn | Fixed price contract
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Notional amount, volume | bu				9.98
Long-Term Purchase Commitment, Amount				$ 41.9
Raw water
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Contract term				10 years
Minimum purchase, volume | gal				160
Minimum estimated liability				$ 424,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2024
Related Party Transaction [Line Items]
Revenues, primarily related party	$ 34,074,726	$ 43,456,009
Cost of Goods and Services Sold	32,259,172	40,352,689
General and Administrative Expenses	1,633,536	1,295,942
Inventories
Related Party Transaction [Line Items]
Inventory Purchases	6,842,381	8,801,010
Related Party
Related Party Transaction [Line Items]
Receivables, Fair Value Disclosure	3,667,917		$ 3,815,434
Accounts Payable	527,179		$ 87,635
Revenues, primarily related party	31,527,231	42,144,640
Cost of Goods and Services Sold	760,852	789,359
General and Administrative Expenses	$ 0	$ 0

Member's Equity - Schedule of C

Member's Equity - Schedule of Changes in Member's Equity (Details) - USD ($)	3 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 76,119,721	$ 83,371,732
Net income	(11,451)	2,160,515
Ending balance	76,108,270	79,509,028
Distributed Earnings	0	(6,023,219)
Class A Member Units
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	39,044,595	39,044,595
Net income	0	0
Ending balance	39,044,595	39,044,595
Distributed Earnings	0
Additional Paid in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	75,541	75,541
Net income	0	0
Ending balance	75,541	75,541
Distributed Earnings	0
Accumulated Deficit/Retained Earnings
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	37,159,125	44,411,136
Net income	(11,451)	2,160,515
Ending balance	37,147,674	40,548,432
Distributed Earnings	0	6,023,219
Member Units
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	0	0
Distributed Earnings	0
Treasury Stock, Value	$ (159,540)	$ (159,540)	$ (159,540)	$ (159,540)

Subsequent Event (Details)

Subsequent Event (Details) - USD ($)		1 Months Ended	3 Months Ended
	Feb. 07, 2025	Jan. 30, 2025	Dec. 31, 2024	Dec. 31, 2023	Jan. 31, 2025
Subsequent Event [Line Items]
Distributed Earnings			$ 0	$ 6,023,219
Subsequent Event
Subsequent Event [Line Items]
Long-Lived Asset, Held-for-Sale, Fair Value Disclosure					$ 210
Escrow Deposits Related to Property Sales		$ 10
Purchase Price Indemnification Obligation					1.26
Asset Sale Price Adjustment					$ 5
Distributed Earnings	$ 4.05