Global Clean Energy Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS

INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

NOTE D - INTANGIBLE ASSETS

Intangible Assets

The intangible assets as of December 31,

2021 and December 31,

2020

are

shown in the following table:

			December 31, 2021				December 31, 2020
	Remaining Weighted Average Useful Life		Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Indefinite Lived Intangible Assets
Trade name		-	$	90,000	$	-	$	-	$	-
Definite Lived Intangible Assets
Patent licenses		5 years		8,188,315		2,831,088		4,442,553		2,092,160
Developed seed variant technology		24 years		5,679,500		-		-		-
Refinery permits		13 years		1,921,082		275,813		1,921,082		90,729
Total			$	15,878,897	$	3,106,901	$	6,363,635	$	2,182,889

Amortization expenses for intangible assets were approximately $924,000 and $251,000 for the years ended December 31, 2021 and December 31, 2020, respectively.

The estimated intangible asset amortization expense for 2022 through 202

and thereafter is as follows:

	Estimated Amortization Expense
2022	$	1,351,533
2023		1,094,402
2024		965,204
2025		864,059
2026		848,773
Thereafter		7,648,025
Total	$	12,771,996