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

Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Operating Activities
Net Loss	$ (2,400,783)	$ (17,158,596)	$ (14,078,302)	$ (8,221,174)	$ (19,559,379)	$ (22,299,476)
Adjustments to reconcile net loss to net cash used in operating activities:
Share-based compensation					808,150	256,244
Loss on lower of cost or net realizable value adjustment on inventories					318,874
Depreciation and amortization					1,469,625	358,796
Accretion of asset retirement obligations					458,090	490,000	$ 978,009
Change in fair value of Class B units	(14,079,365)		2,242,681		(13,107,775)	3,093,912
Change in fair value of Warrant Commitment Liability					(4,515,307)
Amortization of debt discount					1,351,776	1,401,602
Loss on extinguishment of debt					3,972,568
Changes in operating assets and liabilities, net of effect of business acquisitions:
Accounts receivable					59,427	(4,868)
Inventories					(1,082,607)	(36,716)
Prepaid expenses and other current assets					100,258	579,878
Long-term deposits					(16,379)	793
Accounts payable					889,443	(5,810,705)
Accrued liabilities					3,264,918	17,303,167
Asset retirement obligations					(175,469)	(1,545,046)
Environmental liabilities					(247,673)	(241,848)
Operating Lease Obligations					(523)	4
Net Cash Used in Operating Activities					(26,011,983)	(6,454,263)
Investing Activities:
Cash received as part of acquisition of Agribody Technologies, Inc.						263,754
Cash paid for intangible assets					(24,272)	(42,226)
Cash paid for property, plant, and equipment					(113,145,214)	(80,506,634)
Net Cash Used in Investing Activities					(113,169,486)	(80,285,106)
Financing Activities:
Proceeds received from exercise of stock options					126,250	9,344
Proceeds received from the sale of preferred stock including deemed contribution from Senior Lenders and common stock warrants					145,000,000
Payments of offering costs on preferred stock and warrants					(8,455,621)
Issuance of common stock for cash						3,100,000
Payments on notes payable and long-term debt					(2,278,063)	(1,907,558)
Payments on Bridge Loan					(20,000,000)
Borrowings on Bridge Loan					7,950,237
Borrowings on other notes					1,971,665	999,829
Borrowings on Senior Credit Facility						92,440,641
Net Cash Provided by Financing Activities					124,314,468	94,642,256
Net Change in Cash, Cash Equivalents and Restricted Cash					(14,867,001)	7,902,887
Cash, Cash Equivalents and Restricted Cash at Beginning of Period		$ 23,421,894		$ 38,982,725	23,421,894	38,982,725	$ 38,982,725
Cash, Cash Equivalents and Restricted Cash at End of Period	$ 8,554,893		$ 46,885,612		8,554,893	46,885,612
Supplemental Disclosures of Cash Flow Information
Cash Paid for Interest					16,304,801	11,516,672
Supplemental Disclosures of Non-cash Investing and Financing Activities
Debt discount related to Class B units issued to Senior Lenders						4,406,508
Accrued debt issuance costs related to amendment to Senior Credit Facility						3,123,000
Accrued debt issuance costs related to amendment to Mezzanine Credit Facility						668,000
Issued 1,640,509 shares for conversion of several notes payable and accrued interest						784,925
Issued 830,526 shares to acquire Agribody Technologies, Inc,						5,000,000
Settlement of Warrant Commitment Liability					14,699,834
In-kind interest added to principal balance of Senior Credit Facility					6,105,846	2,262,635
Amounts included in accounts payable and accrued liabilities for purchases of property, plant, and equipment					42,677,113	15,976,232
Capitalized interest included in property, plant, and equipment					$ 21,806,591	$ 11,585,173