Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 5,483,804 $ 2,957,296
Accounts receivable, net 634,733 1,374,500
Restricted cash 1,386 7,972,914
Inventories, net 6,023,783 3,596,296
Prepaid expenses and other current assets 1,106,062 2,870,074
Total Current Assets 13,249,768 18,771,080
Restricted cash, net of current portion 3,069,703 12,491,684
Debt issuance costs, net   3,972,568
Operating lease right-of-use-assets 3,897,433 481,027
Intangible assets, net 12,120,175 12,771,996
Goodwill 10,400,896 8,777,440
Long term deposits 645,068 628,689
Property, plant and equipment, net 496,674,503 353,852,931
Advances to contractors   10,021,908
TOTAL ASSETS 540,057,546 421,769,323
CURRENT LIABILITIES    
Accounts payable 16,242,237 4,563,304
Accrued liabilities 49,930,648 40,269,003
Warrant Commitment Liability, at fair value   19,215,140
Current portion of operating lease obligations 768,076 198,440
Notes payable including current portion of long-term debt, net 23,473,742 35,223,402
Convertible notes payable 1,000,000 1,000,000
Total Current Liabilities 91,414,703 100,469,289
LONG-TERM LIABILITIES    
Operating lease obligations, net of current portion 3,129,444 283,197
Mandatorily redeemable equity instruments of subsidiary (Class B Units) 8,520,914 21,628,689
Long-term debt, net 4,195,851 3,450,576
Senior credit facility, net 325,232,475 317,780,666
Asset retirement obligations, net of current portion 17,205,390 17,661,429
Environmental liabilities, net of current portion 16,801,417 19,488,571
Deferred tax liabilities 1,540,520 1,623,599
TOTAL LIABILITIES 468,040,714 482,386,016
Series C 15.00% preferred stock - 50,000,000 shares authorized; 145,000 and 0 shares issued and outstanding at March 31, 2022 and December 31, 2021 respectively 77,827,708  
STOCKHOLDERS' EQUITY    
Common stock, $0.01 par value; 500,000,000 shares authorized; 42,223,933 and 42,013,433 shares issued and outstanding, at December 31,2021 and December 31, 2020 respectively 423,239 420,134
Additional paid-in capital 120,937,109 51,142,220
Accumulated other comprehensive loss 14,291  
Accumulated deficit (137,207,326) (117,647,947)
Total stockholders' deficit attributable to Global Clean Energy Holdings, Inc. (15,832,687) (66,085,593)
Non-controlling interests 10,021,811 5,468,900
Total Stockholders' Equity (5,810,876) (60,616,693)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 540,057,546 $ 421,769,323