v3.22.1
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Mar. 31, 2022
Dec. 31, 2021
CURRENT ASSETS    
Cash and cash equivalents $ 29,012,135 $ 2,957,296
Accounts receivable, net 460,676 1,374,500
Restricted cash 16,830,659 7,972,914
Inventories, net 4,403,216 3,596,296
Prepaid expenses and other current assets 778,987 2,870,074
Total Current Assets 51,485,673 18,771,080
Restricted cash, net of current portion 39,068,369 12,491,684
Debt issuance costs, net   3,972,568
Operating lease right-of-use-assets 428,385 481,027
Intangible assets, net 12,444,959 12,771,996
Goodwill 10,324,899 8,777,440
Long term deposits 642,231 628,689
Property, plant and equipment, net 420,420,676 353,852,931
Advances to contractors 4,700,303 10,021,908
TOTAL ASSETS 539,515,495 421,769,323
CURRENT LIABILITIES    
Accounts payable 25,579,364 4,563,304
Accrued liabilities 29,460,744 40,269,003
Warrant Commitment Liability, at fair value   19,215,140
Current portion of operating lease obligations 145,537 198,440
Notes payable including current portion of long-term debt, net 24,926,052 35,223,402
Convertible notes payable 1,000,000 1,000,000
Total Current Liabilities 81,111,697 100,469,289
LONG-TERM LIABILITIES    
Operating lease obligations, net of current portion 283,197 283,197
Mandatorily redeemable equity instruments of subsidiary (Class B Units) 22,600,279 21,628,689
Long-term debt, net 2,925,234 3,450,576
Senior credit facility, net 321,614,103 317,780,666
Asset retirement obligations, net of current portion 17,178,224 17,661,429
Environmental liabilities, net of current portion 18,400,179 19,488,571
Deferred tax liabilities 1,545,919 1,623,599
TOTAL LIABILITIES 465,658,832 482,386,016
Series C 15.00% preferred stock - 50,000,000 shares authorized; 145,000 and 0 shares issued and outstanding at March 31, 2022 and December 31, 2021 respectively 71,019,134  
STOCKHOLDERS' EQUITY    
Common stock, $0.01 par value; 500,000,000 shares authorized; 42,223,933 and 42,013,433 shares issued and outstanding, at December 31,2021 and December 31, 2020 respectively 422,239 420,134
Additional paid-in capital 127,202,349 51,142,220
Accumulated other comprehensive loss (2,327)  
Accumulated deficit (134,806,543) (117,647,947)
Total stockholders' deficit attributable to Global Clean Energy Holdings, Inc. (7,184,282) (66,085,593)
Non-controlling interests 10,021,811 5,468,900
Total Stockholders' Equity 2,837,529 (60,616,693)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 539,515,495 $ 421,769,323

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