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

Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Property and Equipment

Note 4 - Property and Equipment

9 Months Ended

Sep. 30, 2014

Notes

Note 4 - Property and Equipment

Note 4 Property and Equipment

Property and equipment are as follows:

	September 30,	December 31,
	2014	2013

Land	$4,372,890	$4,512,630
Plantation development costs	$10,371,194	$10,311,286
Plantation equipment	$1,474,227	$1,510,878
Office equipment	$107,769	$299,756

Total cost	16,326,079	16,634,550
Less accumulated depreciation	(1,272,224)	(1,138,769)

Property and equipment, net	$15,053,855	$15,495,781

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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