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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash $ 1,927 $ 5,777
Accounts receivable, net 1,841 732
Restricted cash 1,809 1,585
Inventories, net 4,554 7,383
Prepaid expenses and other current assets 1,728 1,413
Total Current Assets 11,859 16,890
Restricted cash, net of current portion 0 102
Operating lease right-of-use-assets 3,158 5,332
Intangible assets, net 9,894 11,524
Goodwill 10,179 9,471
Other assets 5,029 598
Contract asset - related party 0 15,618
Property, plant and equipment, net 1,270,187 648,533
TOTAL ASSETS 1,310,306 708,068
CURRENT LIABILITIES    
Accounts payable 12,236 7,404
Accrued liabilities 17,087 27,718
Current portion of operating lease obligations 1,806 1,897
Current portion of EPC deferred payment 0 35,749
Notes payable including current portion of long-term debt, net 198,232 11,792
Convertible notes payable 0 1,000
Total Current Liabilities 229,361 85,560
LONG-TERM LIABILITIES    
Operating lease obligations, net of current portion 1,154 3,090
Mandatorily redeemable equity instruments of subsidiary, at fair value (Class B Units) 3,590 12,007
EPC deferred payment 602,229 92,950
Long-term debt, net 1,550 12,249
Senior Credit Agreement, net 420,351 401,239
Asset retirement obligations, net of current portion 18,819 18,255
Environmental liabilities, net of current portion 16,079 16,019
Deferred tax liabilities 1,465 1,262
Other long-term liabilities 6,353 0
TOTAL LIABILITIES 1,300,951 642,631
Commitments and contingencies (Note K)
Series C 15.00% preferred stock - 50,000,000 shares authorized; 145,000 shares issued and outstanding at December 31, 2023 and December 31, 2022 138,539 93,645
STOCKHOLDERS' DEFICIT    
Common stock, $0.01 par value; 500,000,000 shares authorized; 50,179,494 shares issued and 49,999,345 shares outstanding at December 31, 2023 and 42,347,599 shares issued and 42,344,827 shares outstanding, at December 31, 2022 500 423
Additional paid-in capital 111,982 122,633
Accumulated other comprehensive income (loss) (411) 73
Accumulated deficit (261,691) (171,757)
Treasury stock, at cost - 0 shares at December 31, 2023 and 2,772 shares at December 31, 2022 0 (16)
Total stockholders' deficit attributable to Global Clean Energy Holdings, Inc. (149,620) (48,644)
Non-controlling interests 20,436 20,436
Total Stockholders' Deficit (129,184) (28,208)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 1,310,306 $ 708,068

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