Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Jun. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 2,213,465 $ 5,776,731
Accounts receivable, net 736,583 732,095
Restricted cash 1,022,570 1,584,959
Inventories, net 5,379,679 7,383,343
Prepaid expenses and other current assets 3,054,817 1,413,207
Total Current Assets 12,407,114 16,890,335
Restricted cash, net of current portion 689,477 102,255
Operating lease right-of-use-assets 4,487,509 5,332,110
Intangible assets, net 10,929,296 11,524,333
Goodwill 9,548,252 9,470,699
Long term deposits 601,608 597,242
Contract asset - related party 15,618,495 15,618,495
Property, plant and equipment, net 709,910,318 648,532,827
TOTAL ASSETS 764,192,069 708,068,296
CURRENT LIABILITIES    
Accounts payable 9,753,578 7,404,276
Accrued liabilities 34,476,268 27,718,259
Current portion of operating lease obligations 2,280,158 1,897,303
Current portion of EPC deferred payment 28,338,061 35,748,779
Notes payable including current portion of long-term debt, net 27,867,182 11,792,105
Convertible notes payable 1,000,000 1,000,000
Total Current Liabilities 103,715,247 85,560,722
LONG-TERM LIABILITIES    
Operating lease obligations, net of current portion 2,040,484 3,090,002
Mandatorily redeemable equity instruments of subsidiary, at fair value (Class B Units) 11,600,000 12,007,000
EPC deferred payment 99,183,212 92,949,558
Long-term debt, net 150,265 12,248,752
Senior Credit Agreement, net 473,857,813 401,239,399
Asset retirement obligations, net of current portion 14,512,593 18,255,155
Environmental liabilities, net of current portion 17,422,863 16,018,650
Deferred tax liabilities 1,528,022 1,261,624
TOTAL LIABILITIES 724,010,499 642,630,862
Series C 15.00% preferred stock - 50,000,000 shares authorized; 145,000 and 145,000 shares issued and outstanding at June 30, 2023 and December 31, 2022 respectively 114,377,170 93,645,430
STOCKHOLDERS' DEFICIT    
Common stock, $0.01 par value; 500,000,000 shares authorized; 42,402,799 shares issued and 42,400,027 shares outstanding at June 30, 2023 and 42,347,599 shares issued and 42,344,827 shares outstanding, at December 31, 2022 424,028 423,476
Additional paid-in capital 121,747,651 122,632,584
Accumulated other comprehensive income 58,413 72,514
Accumulated deficit (216,845,777) (171,756,655)
Treasury stock, at cost, 2,772 shares at June 30, 2023 and 2,772 shares at December 31, 2022 (15,935) (15,935)
Total stockholders' deficit attributable to Global Clean Energy Holdings, Inc. (94,631,620) (48,644,016)
Non-controlling interests 20,436,020 20,436,020
Total Stockholders' Deficit (74,195,600) (28,207,996)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 764,192,069 $ 708,068,296