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

PROPERTY, PLANT AND EQUIPMENT (Tables)

12 Months Ended

Dec. 31, 2021

The following summarizes this allocation of the fair value of the consideration and also the reclassification of the pre-acquisition costs:

Asset Category	Capitalized Costs Based on Acquisition Valuation		Allocated Pre-Acquisition Costs		Total Capitalized Costs on Acquisition
Property and Equipment
Land	$	7,584,961	$	-	$	7,584,961
Buildings		2,053,570		-		2,053,570
Refinery		77,845,201		3,222,449		81,067,650
Intangible Assets - refinery permits		1,921,082		-		1,921,082
Total	$	89,404,814	$	3,222,449	$	92,627,263

Property, plant, and equipment as of December 31, 2021 and December 31, 2020 are as follows:

	December 31, 2021			December 31, 2020
Land	$	7,855,872		$	7,584,961
Office e quipment		1,980,160			61,078
Buildings		5,486,575			2,053,570
Refinery and i ndustrial e quipment		87,072,163			86,019,130
Transportation e quipment		421,302			-
Construction in p rocess		211,152,337			33,212,695
Construction p eriod i nterest		40,245,159			10,220,766
Total c ost	$	354,213,568		$	139,152,200
Less a ccumulated d epreciation		(360,637	)		(179,525	)
Property, plant and equipment, net	$	353,852,931		$	138,972,675