Note 1. Consolidated Condensed Financial
      Statements
The
      consolidated condensed financial statements included in this
      report have been prepared by the Company, without audit,
      pursuant to the rules and regulations of the Securities and
      Exchange Commission and include, in the opinion of
      management, all adjustments necessary to state fairly the
      information set forth therein. Any such adjustments were of a
      normal recurring nature. Certain information and footnote
      disclosures normally included in financial statements
      prepared in accordance with accounting principles generally
      accepted in the United States of America have been omitted
      pursuant to such rules and regulations, although the Company
      believes that the disclosures are adequate to make the
      information presented not misleading. Financial information
      as of January 31, 2012 included in these financial statements
      has been derived from the audited consolidated financial
      statements included in the Company’s Annual Report on
      Form 10-K for the year ended January 31, 2012 (fiscal year
      2011). It is suggested that these unaudited consolidated
      condensed financial statements be read in conjunction with
      the consolidated financial statements and the notes thereto
      included in the Company’s Annual Report on Form 10-K for
      the year ended January 31, 2012. The results of operations
      for the interim periods are not necessarily indicative of the
      results to be expected for the year.
Basis
      of Consolidation – The consolidated condensed financial
      statements in this report include the operating results and
      financial position of REX American Resources Corporation and
      its wholly and majority owned subsidiaries. The Company
      includes the results of operations of One Earth Energy, LLC
      (“One Earth”) in its Consolidated Condensed
      Statements of Operations on a delayed basis of one month.
      Effective November 1, 2011, the Company acquired a majority
      ownership interest in NuGen Energy, LLC (“NuGen”),
      and included the results of operations in its Consolidated
      Condensed Statements of Operations on a prospective
      basis.
Nature
      of Operations – The Company operates in two reportable
      segments, alternative energy and real estate. The Company
      substantially completed the exit of its retail business
      during the second quarter of fiscal year 2009, although it
      continues to recognize revenue and expense associated with
      administering extended service policies as discontinued
      operations.
Free historical financial statements for REX American Resources Corp..
                            See how revenue, income, cash flow, and balance sheet financials have changed over 54 quarters since 2012. Compare with REX stock chart to see long term trends.
Data imported from REX American Resources Corp. SEC filings. Check original filings before making any investment decision.