Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (USD $)
Sep. 30, 2011
Dec. 31, 2010
CURRENT ASSETS    
Cash and cash equivalents $ 1,743,989 $ 1,096,618
Accounts receivable 28,889 6,428
Inventory 61,132 11,706
Other current assets 544,844 248,711
Total Current Assets 2,378,854 1,363,463
PROPERTY AND EQUIPMENT, NET 9,746,437 8,103,537
INVESTMENT HELD FOR SALE 278,552 292,350
DEFERRED GROWING COST 2,455,801 1,244,419
OTHER NONCURRENT ASSETS 23,060 11,243
TOTAL ASSETS 14,882,704 11,015,012
CURRENT LIABILITIES    
Accounts payable 1,831,630 1,837,788
Accrued payroll and payroll taxes 1,806,892 1,686,465
Accrued interest payable 1,504,396 1,154,943
Accrued return on noncontrolling interest 2,497,008 1,452,744
Deferred revenue 208,329  
Capital lease liability 59,298 47,139
Notes payable to shareholders 26,000 26,000
Convertible notes payable 193,200 193,200
Total Current Liabilities 8,126,753 6,398,279
LONG-TERM LIABILITIES    
Long term capital lease liability 42,285 98,372
Convertible notes payable 567,000 567,000
Mortgage notes payable 3,356,619 2,793,934
Total Long Term Liabilities 3,965,904 3,459,306
EQUITY (DEFICIT)    
Preferred stock - $0.001 par value; 50,000,000 shares authorized Series B, convertible; 13,000 shares issued (aggregate liquidation preference of $1,300,000) 13 13
Common stock, $0.001 par value; 500,000,000 shares authorized; 285,062,812 and 270,464,478 shares issued and outstanding, respectively 285,063 270,464
Additional paid-in capital 24,193,216 23,580,630
Accumulated deficit (27,572,946) (26,933,430)
Accumulated other comprehensive loss (32,829) (2,195)
Total Global Clean Energy Holdings, Inc. Stockholders' Deficit (3,127,483) (3,084,518)
Noncontrolling interests 5,917,530 4,241,945
Total equity (deficit) 2,790,047 1,157,427
TOTAL LIABILITIES AND EQUITY (DEFICIT) $ 14,882,704 $ 11,015,012