10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001477932-18-000940 |
| Period End Date | 20170331 |
| Filing Date | 20180220 |
| Fiscal Year | 2017 |
| Fiscal Period | Q1 |
| XBRL Instance | arec-20170331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
68 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Long-term portion of note payable |
LongTermNotesPayable
|
$451.39K | USD | Point-in-time |
| Long-term portion of note payable |
LongTermNotesPayable
|
$448.55K | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$756.16K | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$784.52K | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$102.86K | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Accounts Receivable |
AccountsReceivableNet
|
$2.75M | USD | Point-in-time |
| Accounts Receivable |
AccountsReceivableNet
|
$1.43M | USD | Point-in-time |
| Accounts Receivable - Other |
AccountsAndOtherReceivablesNetCurrent
|
$199.70K | USD | Point-in-time |
| Accounts Receivable - Other |
AccountsAndOtherReceivablesNetCurrent
|
$196.97K | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$2.38M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$3.74M | USD | Point-in-time |
| Cash - restricted |
RestrictedCashAndCashEquivalentsNoncurrent
|
$220.60K | USD | Point-in-time |
| Cash - restricted |
RestrictedCashAndCashEquivalentsNoncurrent
|
$141.10K | USD | Point-in-time |
| Processing and rail facility |
ProcessingAndRailFacility
|
$2.91M | USD | Point-in-time |
| Processing and rail facility |
ProcessingAndRailFacility
|
$2.91M | USD | Point-in-time |
| Underground equipment |
UndergroundEquipment
|
$7.51M | USD | Point-in-time |
| Underground equipment |
UndergroundEquipment
|
$7.50M | USD | Point-in-time |
| Surface equipment |
SurfaceEquipment
|
$3.75M | USD | Point-in-time |
| Surface equipment |
SurfaceEquipment
|
$3.77M | USD | Point-in-time |
| Less Accumulated Depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$2.72M | USD | Point-in-time |
| Less Accumulated Depreciation |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$2.26M | USD | Point-in-time |
| Land |
Land
|
$178.68K | USD | Point-in-time |
| Land |
Land
|
$178.68K | USD | Point-in-time |
| Accounts Receivable - Other |
AccountsReceivableNetNoncurrent
|
$178.77K | USD | Point-in-time |
| Accounts Receivable - Other |
AccountsReceivableNetNoncurrent
|
$196.35K | USD | Point-in-time |
| Note Receivable |
NotesAndLoansReceivableNetNoncurrent
|
$4.12M | USD | Point-in-time |
| Note Receivable |
NotesAndLoansReceivableNetNoncurrent
|
$4.12M | USD | Point-in-time |
| Total Other Assets |
AssetsNoncurrent
|
$16.54M | USD | Point-in-time |
| Total Other Assets |
AssetsNoncurrent
|
$16.17M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$18.55M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$20.27M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$3.11M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$2.20M | USD | Point-in-time |
| Accrued related party management fee |
AccruedRelatedPartyManagementFee
|
$17.84M | USD | Point-in-time |
| Accrued related party management fee |
AccruedRelatedPartyManagementFee
|
$17.84M | USD | Point-in-time |
| Accrued interest |
AccruedLiabilitiesCurrent
|
$122.94K | USD | Point-in-time |
| Accrued interest |
AccruedLiabilitiesCurrent
|
$152.94K | USD | Point-in-time |
| Funds held for others |
FundsHeldForOthers
|
$104.49K | USD | Point-in-time |
| Funds held for others |
FundsHeldForOthers
|
$24.99K | USD | Point-in-time |
| Due to affiliate |
DueToAffiliateCurrent
|
$74.00K | USD | Point-in-time |
| Due to affiliate |
DueToAffiliateCurrent
|
$74.00K | USD | Point-in-time |
| Current portion of long term-debt |
LongTermDebtCurrent
|
$4.43M | USD | Point-in-time |
| Current portion of long term-debt |
LongTermDebtCurrent
|
$4.02M | USD | Point-in-time |
| Current portion of reclamation liability |
AccruedReclamationCostsCurrent
|
$707.64K | USD | Point-in-time |
| Current portion of reclamation liability |
AccruedReclamationCostsCurrent
|
$2.11M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$27.41M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$25.40M | USD | Point-in-time |
| Long-term portion of note payable (net of issuance costs of $448,548 and $451,389) |
NotesPayableRelatedPartiesNoncurrent
|
$4.95M | USD | Point-in-time |
| Long-term portion of note payable (net of issuance costs of $448,548 and $451,389) |
NotesPayableRelatedPartiesNoncurrent
|
$4.96M | USD | Point-in-time |
| Reclamation liability |
ReclamationLiabilityNonCurrent
|
$16.15M | USD | Point-in-time |
| Reclamation liability |
ReclamationLiabilityNonCurrent
|
$17.42M | USD | Point-in-time |
| Total Other Liabilities |
LiabilitiesNoncurrent
|
$22.38M | USD | Point-in-time |
| Total Other Liabilities |
LiabilitiesNoncurrent
|
$21.10M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$47.78M | USD | Point-in-time |
| Total Liabilities |
Liabilities
|
$48.50M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$687.61K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapital
|
$88.19K | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-27.65M | USD | Point-in-time |
| Accumulated deficit |
RetainedEarningsAccumulatedDeficit
|
$-30.87M | USD | Point-in-time |
| Total American Resources Corporation's Shareholders' Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$-27.56M | USD | Point-in-time |
| Total American Resources Corporation's Shareholders' Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$-30.18M | USD | Point-in-time |
| Non controlling interest |
MinorityInterest
|
$231.74K | USD | Point-in-time |
| Non controlling interest |
MinorityInterest
|
$54.76K | USD | Point-in-time |
| Total Stockholders' Deficit |
StockholdersEquity
|
$-29.95M | USD | Point-in-time |
| Total Stockholders' Deficit |
StockholdersEquity
|
$-27.51M | USD | Point-in-time |
| Total liabilities and stockholders' deficit |
LiabilitiesAndStockholdersEquity
|
$18.55M | USD | Point-in-time |
| Total liabilities and stockholders' deficit |
LiabilitiesAndStockholdersEquity
|
$20.27M | USD | Point-in-time |
Income Statement
42 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Coal Sales |
RevenueCoalServices
|
$5.72M | USD | 1 Quarter |
| Coal Sales |
RevenueCoalServices
|
- | USD | 1 Quarter |
| Processing Services Income |
SalesRevenueServicesNet
|
$893.98K | USD | 1 Quarter |
| Processing Services Income |
SalesRevenueServicesNet
|
$746.78K | USD | 1 Quarter |
| Total Revenue |
Revenues
|
$746.78K | USD | 1 Quarter |
| Total Revenue |
Revenues
|
$6.61M | USD | 1 Quarter |
| Cost of Coal Sales and Processing |
CostOfCoalProductsAndServices
|
$-4.85M | USD | 1 Quarter |
| Cost of Coal Sales and Processing |
CostOfCoalProductsAndServices
|
$-735.15K | USD | 1 Quarter |
| Accretion Expense |
AccretionExpense
|
$-168.25K | USD | 1 Quarter |
| Accretion Expense |
AccretionExpense
|
$-328.06K | USD | 1 Quarter |
| Loss of Settlement |
LossOfSettlement
|
$-155.92K | USD | 1 Quarter |
| Loss of Settlement |
LossOfSettlement
|
- | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$-484.19K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$-459.64K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$-131.19K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$-46.68K | USD | 1 Quarter |
| Professional Fees |
ProfessionalFees
|
$-307.31K | USD | 1 Quarter |
| Professional Fees |
ProfessionalFees
|
$-23.48K | USD | 1 Quarter |
| Consulting Fees - Related Party |
ConsultingFeesRelatedParty
|
$-6.86M | USD | 1 Quarter |
| Consulting Fees - Related Party |
ConsultingFeesRelatedParty
|
- | USD | 1 Quarter |
| Production Taxes and Royalties |
RoyaltyExpense
|
$-63.51K | USD | 1 Quarter |
| Production Taxes and Royalties |
RoyaltyExpense
|
$-1.67M | USD | 1 Quarter |
| Development Costs |
DevelopmentCosts
|
$-1.19M | USD | 1 Quarter |
| Development Costs |
DevelopmentCosts
|
$-1.80M | USD | 1 Quarter |
| Total Expenses from Operations |
OperatingExpenses
|
$-9.57M | USD | 1 Quarter |
| Total Expenses from Operations |
OperatingExpenses
|
$-9.70M | USD | 1 Quarter |
| Net Loss from Operations |
OperatingIncomeLoss
|
$-3.09M | USD | 1 Quarter |
| Net Loss from Operations |
OperatingIncomeLoss
|
$-8.82M | USD | 1 Quarter |
| Other Income |
OtherIncome
|
$176.98K | USD | 1 Quarter |
| Other Income |
OtherIncome
|
- | USD | 1 Quarter |
| Interest |
InterestExpense
|
$128.53K | USD | 1 Quarter |
| Interest |
InterestExpense
|
$4.03K | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-3.04M | USD | 1 Quarter |
| Net Loss |
NetIncomeLoss
|
$-8.82M | USD | 1 Quarter |
| Less: Net income attributable to Non Controlling Interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$-176.98K | USD | 1 Quarter |
| Less: Net income attributable to Non Controlling Interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
- | USD | 1 Quarter |
| Net loss attributable to American Resources Corp. Shareholders |
IncomeLossAttributableToParent
|
$-8.82M | USD | 1 Quarter |
| Net loss attributable to American Resources Corp. Shareholders |
IncomeLossAttributableToParent
|
$-3.22M | USD | 1 Quarter |
| Net loss per share - basic and diluted |
EarningsPerShareBasicAndDiluted
|
$-6.00 | USD | 1 Quarter |
| Net loss per share - basic and diluted |
EarningsPerShareBasicAndDiluted
|
- | USD | 1 Quarter |
| Weighted average shares outstanding |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
498,633.00 | shares | 1 Quarter |
| Weighted average shares outstanding |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
- | shares | 1 Quarter |
Cash Flow Statement
80 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
NetIncomeLoss
|
$-3.04M | USD | 1 Quarter |
| Net loss |
NetIncomeLoss
|
$-8.82M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$-484.19K | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$-459.64K | USD | 1 Quarter |
| Accretion expense |
AccretionExpense
|
$-168.25K | USD | 1 Quarter |
| Accretion expense |
AccretionExpense
|
$-328.06K | USD | 1 Quarter |
| Loss on reclamation settlements |
LossOfSettlement
|
$-155.92K | USD | 1 Quarter |
| Loss on reclamation settlements |
LossOfSettlement
|
- | USD | 1 Quarter |
| Assumption of note payable in reverse merger |
NoncashMergerRelatedCosts
|
$50.00K | USD | 1 Quarter |
| Amortization of issuance costs and debt discount |
AmortizationOfFinancingCosts
|
- | USD | 1 Quarter |
| Amortization of issuance costs and debt discount |
AmortizationOfFinancingCosts
|
$52.84K | USD | 1 Quarter |
| Stock compensation expense |
ShareBasedCompensation
|
- | USD | 1 Quarter |
| Stock compensation expense |
ShareBasedCompensation
|
$83.30K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$-25.77K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$1.33M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$40.00K | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-6.98K | USD | 1 Quarter |
| Restricted cash used to pay interest |
IncreaseInRestrictedCash
|
$3.27K | USD | 1 Quarter |
| Restricted cash used to pay interest |
IncreaseInRestrictedCash
|
$4.03K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$372.26K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$925.48K | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
$6.84M | USD | 1 Quarter |
| Accrued expenses |
IncreaseDecreaseInAccruedLiabilities
|
- | USD | 1 Quarter |
| Accrued interest |
IncreaseDecreaseInInterestPayableNet
|
$30.00K | USD | 1 Quarter |
| Accrued interest |
IncreaseDecreaseInInterestPayableNet
|
$30.00K | USD | 1 Quarter |
| Reclamation liability settlements |
ReclamationAndMineShutdownProvision
|
$-355.79K | USD | 1 Quarter |
| Reclamation liability settlements |
ReclamationAndMineShutdownProvision
|
- | USD | 1 Quarter |
| Cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-874.74K | USD | 1 Quarter |
| Cash used in operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-25.71K | USD | 1 Quarter |
| Note receivable |
PaymentsToAcquireNotesReceivable
|
$4.12M | USD | 1 Quarter |
| Note receivable |
PaymentsToAcquireNotesReceivable
|
- | USD | 1 Quarter |
| Increase in restricted cash |
IncreaseDecreaseInRestrictedCash
|
$2.49M | USD | 1 Quarter |
| Increase in restricted cash |
IncreaseDecreaseInRestrictedCash
|
$79.50K | USD | 1 Quarter |
| Restricted cash used to pay down debt |
RestrictedCashUsedToPayDownDebt
|
$17.04K | USD | 1 Quarter |
| Restricted cash used to pay down debt |
RestrictedCashUsedToPayDownDebt
|
$21.51K | USD | 1 Quarter |
| Advances made in connection with management agreement |
AdvancesMadeInConnectionWithManagementAgreement
|
$-40.00K | USD | 1 Quarter |
| Advances made in connection with management agreement |
AdvancesMadeInConnectionWithManagementAgreement
|
$-285.00K | USD | 1 Quarter |
| Advance repayment in connection with management agreement |
AdvanceRepaymentInConnectionWithManagementAgreements
|
$75.00K | USD | 1 Quarter |
| Advance repayment in connection with management agreement |
AdvanceRepaymentInConnectionWithManagementAgreements
|
- | USD | 1 Quarter |
| Cash paid for PPE, net |
PaymentsToAcquirePropertyPlantAndEquipment
|
$34.79K | USD | 1 Quarter |
| Cash paid for PPE, net |
PaymentsToAcquirePropertyPlantAndEquipment
|
$-242.04K | USD | 1 Quarter |
| Cash received from acquisitions, net of $100 cash paid |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$-2.94M | USD | 1 Quarter |
| Cash received from acquisitions, net of $100 cash paid |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
- | USD | 1 Quarter |
| Cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-62.24K | USD | 1 Quarter |
| Cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-3.69M | USD | 1 Quarter |
| Principal payments on long term debt |
PrincipalPaymentsOnLongTermDebt
|
$14.53K | USD | 1 Quarter |
| Principal payments on long term debt |
PrincipalPaymentsOnLongTermDebt
|
$25.20K | USD | 1 Quarter |
| Proceeds from long term debt |
ProceedsFromIssuanceOfLongTermDebt
|
- | USD | 1 Quarter |
| Proceeds from long term debt |
ProceedsFromIssuanceOfLongTermDebt
|
$4.68M | USD | 1 Quarter |
| Payments on factoring agreement |
PaymentsOnFactoringAgreement
|
- | USD | 1 Quarter |
| Payments on factoring agreement |
PaymentsOnFactoringAgreement
|
$-2.45M | USD | 1 Quarter |
| Proceeds from factoring agreement |
ProceedsFromFactoringAgreement
|
$2.04M | USD | 1 Quarter |
| Proceeds from factoring agreement |
ProceedsFromFactoringAgreement
|
- | USD | 1 Quarter |
| Proceeds from sale of series B preferred equity |
ProceedsFromIssuanceOfCommonStock
|
- | USD | 1 Quarter |
| Proceeds from sale of series B preferred equity |
ProceedsFromIssuanceOfCommonStock
|
$500.00K | USD | 1 Quarter |
| Cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$59.59K | USD | 1 Quarter |
| Cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$4.67M | USD | 1 Quarter |
| Increase(decrease) in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$102.86K | USD | 1 Quarter |
| Increase(decrease) in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-28.36K | USD | 1 Quarter |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$756.16K | USD | Point-in-time |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$784.52K | USD | Point-in-time |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$102.86K | USD | Point-in-time |
| Cash, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$756.16K | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$784.52K | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$102.86K | USD | Point-in-time |
| Cash, end of period |
CashAndCashEquivalentsAtCarryingValue
|
- | USD | Point-in-time |
| Assumption of net assets and liabilities for asset acquisitions |
AssumptionOfNetAssetsAndLiabilitiesForAssetAcquisitions
|
- | USD | 1 Quarter |
| Assumption of net assets and liabilities for asset acquisitions |
AssumptionOfNetAssetsAndLiabilitiesForAssetAcquisitions
|
$626.15K | USD | 1 Quarter |
| Equipment for notes payable |
EquipmentForNotesPayable
|
$139.43K | USD | 1 Quarter |
| Equipment for notes payable |
EquipmentForNotesPayable
|
- | USD | 1 Quarter |
| Debt payment by affiliate |
DebtPaymentByAffiliate
|
$63.00K | USD | 1 Quarter |
| Debt payment by affiliate |
DebtPaymentByAffiliate
|
- | USD | 1 Quarter |
| Conversion of note payable to common stock |
ConversionOfStockAmountConverted1
|
$50.00K | USD | 1 Quarter |
| Beneficial conversion feature on note payable |
DebtInstrumentConvertibleBeneficialConversionFeature
|
$50.00K | USD | 1 Quarter |
| Beneficial conversion feature on note payable |
DebtInstrumentConvertibleBeneficialConversionFeature
|
- | USD | 1 Quarter |
| Cash paid for interest |
InterestPaid
|
$45.69K | USD | 1 Quarter |
| Cash paid for interest |
InterestPaid
|
$4.03K | USD | 1 Quarter |
| Cash paid for income taxes |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
| Cash paid for income taxes |
IncomeTaxesPaid
|
- | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.