v3.24.1.1.u2
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:    
Cash $ 1,273 $ 1,927
Accounts receivable, net 1,882 1,841
Restricted cash 2,616 1,809
Inventories, net 8,496 4,554
Prepaid expenses and other current assets 2,703 1,728
Total current assets 16,970 11,859
Operating lease right-of-use-assets 2,696 3,158
Intangible assets, net 9,642 9,894
Goodwill 10,072 10,179
Other long-term assets 4,630 5,029
Property, plant and equipment, net 1,369,398 1,270,187
Total assets 1,413,408 1,310,306
Current liabilities:    
Accounts payable 14,802 12,236
Accrued liabilities 24,939 17,087
Current portion of operating lease obligations 1,579 1,806
Current portion of EPC deferred payment 23,443 0
Notes payable including current portion of long-term debt, net 258,923 198,232
Total current liabilities 323,686 229,361
Long-term liabilities:    
Operating lease obligations, net of current portion 973 1,154
Mandatorily redeemable equity instruments of subsidiary, at fair value (Class B Units) 3,950 3,590
EPC deferred payment, net of current portion 627,781 602,229
Long-term debt, net 1,545 1,550
Senior Credit Agreement, net 421,146 420,351
Asset retirement obligations, net of current portion 18,502 18,819
Environmental liabilities, net of current portion 15,287 16,079
Deferred tax liabilities 1,443 1,465
Other long-term liabilities 9,968 6,353
Total liabilities 1,424,281 1,300,951
Commitments and Contingencies (Note 12)
Series C 15.00% preferred stock - 50,000,000 shares authorized; 145,000 shares issued and outstanding as of March 31, 2024 and December 31, 2023 152,319 138,539
Stockholders' deficit:    
Common stock, $0.01 par value; 500,000,000 shares authorized; 50,182,233 shares issued and outstanding at March 31, 2024 and 50,179,494 shares issued and 49,999,345 shares outstanding, at December 31, 2023 500 500
Additional paid-in capital 106,131 111,982
Accumulated other comprehensive loss (614) (411)
Accumulated deficit (289,645) (261,691)
Total stockholders' deficit attributable to Global Clean Energy Holdings, Inc. (183,628) (149,620)
Non-controlling interests 20,436 20,436
Total stockholders' deficit (163,192) (129,184)
Total liabilities and stockholders' deficit $ 1,413,408 $ 1,310,306

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