v3.23.3
CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 2,821,007 $ 5,776,731
Accounts receivable, net 766,548 732,095
Restricted cash 1,943,385 1,584,959
Inventories, net 5,775,906 7,383,343
Prepaid expenses and other current assets 2,698,292 1,413,207
Total Current Assets 14,005,138 16,890,335
Restricted cash, net of current portion 0 102,255
Operating lease right-of-use-assets 4,007,063 5,332,110
Intangible assets, net 9,892,831 11,524,333
Goodwill 9,971,488 9,470,699
Other long-term assets 4,732,348 597,242
Contract asset - related party 15,618,495 15,618,495
Property, plant and equipment, net 752,277,394 648,532,827
TOTAL ASSETS 810,504,757 708,068,296
CURRENT LIABILITIES    
Accounts payable 19,338,674 7,404,276
Accrued liabilities 39,424,526 27,718,259
Current portion of operating lease obligations 1,952,165 1,897,303
Current portion of EPC deferred payment 47,738,981 35,748,779
Notes payable including current portion of long-term debt, net 181,417,368 11,792,105
Convertible notes payable 0 1,000,000
Total Current Liabilities 289,871,714 85,560,722
LONG-TERM LIABILITIES    
Operating lease obligations, net of current portion 1,977,000 3,090,002
Mandatorily redeemable equity instruments of subsidiary, at fair value (Class B Units) 5,421,000 12,007,000
EPC deferred payment, net of current portion 75,018,371 92,949,558
Long-term debt, net 150,000 12,248,752
Senior Credit Agreement, net 377,151,388 401,239,399
Asset retirement obligations, net of current portion 12,601,811 18,255,155
Environmental liabilities, net of current portion 16,467,490 16,018,650
Deferred tax liabilities 953,810 1,261,624
Other long-term liabilities 893,559 0
TOTAL LIABILITIES 780,506,143 642,630,862
Commitments and contingencies (Note I)
Series C 15.00% preferred stock - 50,000,000 shares authorized; 145,000 shares issued and outstanding as of September 30, 2023 and December 31, 2022 125,879,530 93,645,430
STOCKHOLDERS' DEFICIT    
Common stock, $0.01 par value; 500,000,000 shares authorized; 49,982,345 shares issued and outstanding at September 30, 2023 and 42,347,599 shares issued and 42,344,827 shares outstanding, at December 31, 2022 499,823 423,476
Additional paid-in capital 115,675,547 122,632,584
Accumulated other comprehensive income (loss) (780,954) 72,514
Accumulated deficit (231,711,352) (171,756,655)
Treasury stock, at cost, 0 shares at September 30, 2023 and 2,772 shares at December 31, 2022 0 (15,935)
Total stockholders' deficit attributable to Global Clean Energy Holdings, Inc. (116,316,936) (48,644,016)
Non-controlling interests 20,436,020 20,436,020
Total Stockholders' Deficit (95,880,916) (28,207,996)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT $ 810,504,757 $ 708,068,296

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