7. COMMITMENTS AND CONTINGENCIES (Details Narrative) (USD $)
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6 Months Ended | 12 Months Ended | ||
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Jun. 30, 2014
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Jun. 30, 2014
Corn contract
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Jun. 30, 2014
Syrup contracts
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Dec. 31, 2013
Ethanol contracts
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Open indexed-price sales contracts open, gallons | 140,374,000 gallons | |||
Sales commitments, open indexed-price sales contracts | 1.8 million pounds of corn | 2,000 tons of WEG and syrup | ||
Purchase commitments | $ 6,530,000 | |||
Sales commitment | $ 667,000 |
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- Definition
No authoritative reference available. No definition available.
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- Definition
No authoritative reference available. No definition available.
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- Definition
The minimum amount the entity agreed to spend under the long-term purchase commitment. No definition available.
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- Definition
Minimum amount of other commitment not otherwise specified in the taxonomy. Excludes commitments explicitly modeled in the taxonomy, including but not limited to, long-term and short-term purchase commitments, recorded and unrecorded purchase obligations, supply commitments, registration payment arrangements, leases, debt, product warranties, guarantees, environmental remediation obligations, and pensions. No definition available.
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