Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
 12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Revenue $ 339,105 $ 456,595
Subsidy Income 938,280 392,213
Total Revenue 1,277,385 848,808
Operating Expenses    
General and administrative 2,087,447 2,659,588
Plantation operating costs 454,947 389,738
Total Operating Expenses 2,542,394 3,049,326
Loss from Operations (1,265,009) (2,200,518)
Other Income (Expenses)    
Interest income 185 85
Interest expense (608,068) (489,039)
Gain on settlement of liabilities 1,024,076 601,114
Foreign currency transaction gain 70,272   
Net Other Income 486,465 112,160
Loss from Continuing Operations (778,544) (2,088,358)
Income (Loss) from Discontinued Operations (574) 31,266
Net Loss (779,118) (2,057,092)
Less Net Loss Attributable to the Noncontrolling Interest 1,050,254 1,431,805
Net Income (Loss) attributable to Global Clean Energy Holdings, Inc. 271,136 (625,287)
Other Comprehensive Income (loss) - foreign currency translation adjustment (19,801) 3,913
Comprehensive Income (Loss) attributable to Global Clean Energy Holdings, Inc. 251,335 (621,374)
Amounts attributable to Global Clean Energy Holdings, Inc. common shareholders:    
Income (Loss) from Continuing Operations 271,710 (656,553)
Income (Loss) from Discontinued Operations (574) 31,266
Net Income (Loss) $ 271,136 $ (625,287)
Basic and Diluted Loss per Common Share:    
Income (Loss) from Continuing Operations $ 0.001 $ (0.0025)
Income (Loss) from Discontinued Operations $ 0.0000 $ 0.0001
Net Income(Loss) per Common Share $ 0.001 $ (0.0024)
Basic and Diluted Weighted-Average Common Shares Outstanding 277,120,926 261,721,283