Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 6,816,096 $ 2,957,296
Accounts receivable, net 1,073,383 1,374,500
Restricted cash 12,640 7,972,914
Inventories, net 6,336,255 3,596,296
Prepaid expenses and other current assets 1,460,052 2,870,074
Total Current Assets 15,698,426 18,771,080
Restricted cash, net of current portion 13,857 12,491,684
Debt issuance costs, net   3,972,568
Operating lease right-of-use-assets 5,674,378 481,027
Intangible assets, net 11,795,905 12,771,996
Goodwill 10,070,775 8,777,440
Long term deposits 611,970 628,689
Contract asset - related party 15,618,495  
Property, plant and equipment, net 607,830,457 353,852,931
Advances to contractors   10,021,908
TOTAL ASSETS 667,314,263 421,769,323
CURRENT LIABILITIES    
Accounts payable 7,333,571 4,563,304
Accrued liabilities 140,247,070 40,269,003
Warrant Commitment Liability, at fair value   19,215,140
Current portion of operating lease obligations 1,655,199 198,440
Notes payable including current portion of long-term debt, net 24,240,347 35,223,402
Convertible notes payable 1,000,000 1,000,000
Total Current Liabilities 174,476,187 100,469,289
LONG-TERM LIABILITIES    
Operating lease obligations, net of current portion 3,584,849 283,197
Mandatorily redeemable equity instruments of subsidiary (Class B Units) 14,859,000 21,628,689
Long-term debt, net 150,000 3,450,576
Senior credit facility, net 356,316,562 317,780,666
Asset retirement obligations, net of current portion 16,211,814 17,661,429
Environmental liabilities, net of current portion 16,223,397 19,488,571
Deferred tax liabilities 1,546,791 1,623,599
TOTAL LIABILITIES 583,368,600 482,386,016
Series C 15.00% preferred stock - 50,000,000 shares authorized; 145,000 and 0 shares issued and outstanding at September 30, 2022 and December 31, 2021 respectively 85,371,009  
STOCKHOLDERS' EQUITY    
Common stock, $0.01 par value; 500,000,000 shares authorized; 42,323,933 and 42,013,433 shares issued and outstanding, at September 30,2022 and December 31, 2021 respectively 423,239 420,134
Additional paid-in capital 130,067,339 51,142,220
Accumulated other comprehensive loss 169,817  
Accumulated deficit (152,521,761) (117,647,947)
Total stockholders' deficit attributable to Global Clean Energy Holdings, Inc. (21,861,366) (66,085,593)
Non-controlling interests 20,436,020 5,468,900
Total Stockholders' Equity (1,425,346) (60,616,693)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 667,314,263 $ 421,769,323