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(State or other jurisdiction of incorporation or organization) |
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(I.R.S. Employer Identification Number) |
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(Address of principal executive offices) |
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(Zip Code) |
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(Registrant’s telephone number, including area code) |
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Title of Each Class |
Trading Symbol |
Name of Each Exchange on Which Registered |
None |
N/A |
N/A |
Large accelerated filer |
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Accelerated filer |
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Smaller reporting company |
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Emerging growth company |
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-2- |
ASSETS | June 30, 2023 | December 31, 2022 | ||||||
CURRENT ASSETS | ||||||||
Cash and cash equivalents | $ | $ | ||||||
Accounts receivable, net | ||||||||
Restricted cash | ||||||||
Inventories, net | ||||||||
Prepaid expenses and other current assets | ||||||||
Total Current Assets | ||||||||
Restricted cash, net of current portion | ||||||||
Operating lease right-of-use-assets | ||||||||
Intangible assets, net | ||||||||
Goodwill | ||||||||
Long term deposits | ||||||||
Contract asset - related party | ||||||||
Property, plant and equipment, net | ||||||||
TOTAL ASSETS | $ | $ | ||||||
LIABILITIES AND STOCKHOLDERS' DEFICIT | ||||||||
CURRENT LIABILITIES | ||||||||
Accounts payable | $ | $ | ||||||
Accrued liabilities | ||||||||
Current portion of operating lease obligations | ||||||||
Current portion of EPC deferred payment | ||||||||
Notes payable including current portion of long-term debt, net | ||||||||
Convertible notes payable | ||||||||
Total Current Liabilities | ||||||||
LONG-TERM LIABILITIES | ||||||||
Operating lease obligations, net of current portion | ||||||||
Mandatorily redeemable equity instruments of subsidiary, at fair value (Class B Units) | ||||||||
EPC deferred payment | ||||||||
Long-term debt, net | ||||||||
Senior Credit Agreement, net | ||||||||
Asset retirement obligations, net of current portion | ||||||||
Environmental liabilities, net of current portion | ||||||||
Deferred tax liabilities | ||||||||
TOTAL LIABILITIES | ||||||||
Series C 15.00% preferred stock - | ||||||||
STOCKHOLDERS' DEFICIT | ||||||||
Common stock, $ | ||||||||
Additional paid-in capital | ||||||||
Accumulated other comprehensive income | ||||||||
Accumulated deficit | ( | ) | ( | ) | ||||
Treasury stock, at cost, | ( | ) | ( | ) | ||||
Total stockholders' deficit attributable to Global Clean Energy Holdings, Inc. | ( | ) | ( | ) | ||||
Non-controlling interests | ||||||||
Total Stockholders' Deficit | ( | ) | ( | ) | ||||
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT | $ | $ |
-3- |
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For the three months ended June 30, |
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For the six months ended June 30, |
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2023 |
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2022 |
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2023 |
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2022 |
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Revenue |
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$ |
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$ |
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$ |
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$ |
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Cost of goods sold |
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Gross Profit (L oss) |
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( |
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Operating Expenses |
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General and administrative expense |
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Facilities expense |
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Depreciation expense |
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Amortization expense |
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Total Operating Expenses |
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OPERATING LOSS |
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( |
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( |
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( |
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OTHER INCOME (EXPENSE) |
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Interest expense, net |
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( |
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( |
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( |
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Loss on extinguishment of debt |
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( |
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Other (expense) income |
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( |
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( |
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Change in fair value of Class B Units |
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Change in fair value of Warrant Commitment Liability |
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Loss before income taxes |
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( |
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Income tax benefit |
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NET LOSS |
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$ |
( |
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$ |
( |
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$ |
( |
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$ |
( |
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BASIC NET LOSS PER COMMON SHARE |
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$ |
( |
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$ |
( |
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$ |
( |
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$ |
( |
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DILUTED NET LOSS PER COMMON SHARE |
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$ |
( |
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$ |
( |
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$ |
( |
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$ |
( |
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BASIC WEIGHTED AVERAGE SHARES OUTSTANDING |
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DILUTED WEIGHTED-AVERAGE SHARES OUTSTANDING |
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-4- |
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For the three months ended June 30, |
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For the six months ended June 30, |
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||||||||||
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2023 |
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2022 |
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2023 |
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2022 |