Related-Party Transactions

6 Months Ended

Jul. 31, 2020

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

Note 13. Related-Party Transactions

During the second quarters of fiscal years 2020 and 2019, One Earth and NuGen purchased approximately $4.9 million and approximately $43.5 million, respectively, of corn (and other supplies) from minority equity investors and board members of those subsidiaries. Such purchases totaled approximately $17.2 million and approximately $90.2 million for the six months ended July 31, 2020 and 2019, respectively. The Company had amounts payable to related parties of approximately $0.6 million and approximately $0.7 million at July 31, 2020 and January 31, 2020, respectively.

During the second quarters of fiscal years 2020 and 2019, the Company recognized commission expense of approximately $0.2 million and income of approximately $0.3 million, respectively, payable to the minority investor in the refined coal entity. During the first six months of fiscal years 2020 and 2019, the company recognized commission income of approximately $0.1 million and income of approximately $0.3 million, respectively. The commission income or expense is associated with the refined coal acquisition. The Company had accrued liabilities related to the commission income or expense of approximately $0.2 million and approximately $0.5 million at July 31, 2020 and January 31, 2020, respectively.