Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS    
Cash and cash equivalents $ 2,957,296 $ 3,370,519
Accounts receivable 1,374,500 143,823
Restricted cash 7,972,914 12,943,222
Inventories, net 3,596,296 846,197
Prepaid expenses and other current assets 2,870,074 5,431,552
Total Current Assets 18,771,080 22,735,313
RESTRICTED CASH, net of current portion 12,491,684 22,668,984
DEBT ISSUANCE COSTS, NET 3,972,568 840,211
OPERATING LEASE RIGHT-OF-USE-ASSET 481,027 51,611
INTANGIBLE ASSETS, NET 12,771,996 4,180,746
GOODWILL 8,777,440  
LONG TERM DEPOSITS 628,689 628,382
PROPERTY, PLANT AND EQUIPMENT, NET 353,852,931 138,972,675
ADVANCES TO CONTRACTORS 10,021,908 16,000,000
TOTAL ASSETS 421,769,323 206,077,922
CURRENT LIABILITIES    
Accounts payable 4,563,304 9,724,136
Accrued liabilities 40,269,003 12,873,815
commitmentWarrant Commitment Liability, at fair value 19,215,140  
Current portion of operating lease obligations 198,440 52,653
Notes payable including current portion of long-term debt, net 35,223,402 4,198,113
Convertible notes payable 1,000,000 1,697,000
Total Current Liabilities 100,469,289 28,545,717
LONG-TERM LIABILITIES    
Operating lease obligations, net of current portion 283,197 0
Mandatorily redeemable equity instruments of subsidiary, at fair value (Class B Units) 21,628,689 5,123,000
Long-term debt, net 3,450,576 16,155,138
Senior credit facility, net 317,780,666 146,769,225
Asset retirement obligations, net of current portion 17,661,429 17,762,977
Environmental liabilities, net of current portion 19,488,571 20,455,938
Deferred tax liabilities 1,623,599 0
TOTAL LIABILITIES 482,386,016 234,811,995
STOCKHOLDERS' DEFICIT    
Preferred stock - $0.01 par value; 50,000,000 shares authorized Series B, convertible; 0 and 13,000 shares issued and outstanding (aggregate liquidation preference of $1,300,000) 0 13
Common stock, $0.01 par value; 500,000,000 shares authorized; 42,013,433 and 35,850,089 shares issued and outstanding, at December 31,2021 and December 31, 2020 respectively 420,134 358,499
Additional paid-in capital 51,142,220 31,670,954
Accumulated deficit (117,647,947) (66,232,439)
Total stockholders' deficit attributable to Global Clean Energy Holdings, Inc. (66,085,593) (34,202,973)
Non-controlling interests 5,468,900 5,468,900
Total Stockholders' Deficit (60,616,693) (28,734,073)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 421,769,323 $ 206,077,922