Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS

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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash $ 1,899 $ 1,927
Accounts receivable, net 1,962 1,841
Restricted cash 6,610 1,809
Inventories, net 18,855 4,554
Prepaid expenses and other current assets 1,726 1,728
Total current assets 31,052 11,859
Operating lease right-of-use-assets 2,254 3,158
Intangible assets, net 9,361 9,894
Goodwill 10,034 10,179
Other long-term assets 12,540 5,029
Property, plant and equipment, net 1,444,993 1,270,187
Total assets 1,510,234 1,310,306
Current liabilities:    
Accounts payable 25,838 12,236
Accrued liabilities 19,918 17,087
Current portion of operating lease obligations 1,549 1,806
Current portion of EPC deferred payment 138,313 0
Notes payable including current portion of long-term debt, net 496,783 198,232
Total current liabilities 682,401 229,361
Long-term liabilities:    
Operating lease obligations, net of current portion 598 1,154
Mandatorily redeemable equity instruments of subsidiary, at fair value (Class B Units) 5,240 3,590
EPC deferred payment, net of current portion 532,034 602,229
Long-term debt, net 1,573 1,550
Senior Credit Agreement, net 159,601 420,351
Asset retirement obligations, net of current portion 20,360 18,819
Environmental liabilities, net of current portion 18,321 16,079
Deferred tax liabilities 1,491 1,465
Other long-term liabilities 106 6,353
Total liabilities 1,421,725 1,300,951
Commitments and Contingencies (Note 12)
Series C 15.00% preferred stock - 50,000,000 shares authorized; 0 and 145,000 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively 0 138,539
Stockholders' equity (deficit)    
Common stock, $0.01 par value; 500,000,000 shares authorized; 50,182,233 shares issued and outstanding at June 30, 2024 and 50,179,494 shares issued and 49,999,345 shares outstanding, at December 31, 2023 500 500
Additional paid-in capital 102,880 111,982
Accumulated other comprehensive loss (722) (411)
Accumulated deficit (19,618) (261,691)
Total stockholders' equity (deficit) attributable to Global Clean Energy Holdings, Inc. 83,040 (149,620)
Non-controlling interests 5,469 20,436
Total stockholders' equity (deficit) 88,509 (129,184)
Total liabilities and stockholders' equity (deficit) $ 1,510,234 $ 1,310,306