◆ Market Data --:--
Commodities
Loading...
📈 Yields & Rates
Loading...
💱 FX Rates
Loading...
📈 Market Pulse
Loading...
🏛 Congress Trades
Loading...
👤 Insider Trades
Loading...
Customize Items

10-Q Filing

AMERICAN RESOURCES CORP CIK: 1590715 Q1 2023
Filing Information
Form Type 10-Q
Accession Number 0001477932-23-003561
Period End Date 20230331
Filing Date 20230515
Fiscal Year 2023
Fiscal Period Q1
XBRL Instance arec_10q_htm.xml
Filing Contents
Balance Sheet 68 line items
Line Item Tag Value Unit Period
Common Stock, Par Value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common Stock, Par Value CommonStockParOrStatedValuePerShare $0.00 USD Point-in-time
Common Stock, Shares Authorized CommonStockSharesAuthorized 230.00M shares Point-in-time
Common Stock, Shares Authorized CommonStockSharesAuthorized 230.00M shares Point-in-time
Cash CashEquivalentsAtCarryingValue $297.25K USD Point-in-time
Common Stock, Shares Issued CommonStockSharesIssued 76.20M shares Point-in-time
Common Stock, Shares Issued CommonStockSharesIssued 66.78M shares Point-in-time
Cash CashEquivalentsAtCarryingValue $8.87M USD Point-in-time
Cash CashEquivalentsAtCarryingValue $5.22M USD Point-in-time
Common Stock, Shares Outstanding CommonStockSharesOutstanding 66.78M shares Point-in-time
Accounts Receivable AccountsReceivableNet $1.69M USD Point-in-time
Common Stock, Shares Outstanding CommonStockSharesOutstanding 76.20M shares Point-in-time
Accounts Receivable AccountsReceivableNet $660.75K USD Point-in-time
Inventory InventoryNet $2.96M USD Point-in-time
Inventory InventoryNet $446.69K USD Point-in-time
Prepaid fees PrepaidExpenseCurrent $786.58K USD Point-in-time
Prepaid fees PrepaidExpenseCurrent $797.08K USD Point-in-time
Total Current Assets AssetsCurrent $10.76M USD Point-in-time
Total Current Assets AssetsCurrent $5.75M USD Point-in-time
Cash - restricted RestrictedCashAndCashEquivalentsNoncurrent $1.09M USD Point-in-time
Cash - restricted RestrictedCashAndCashEquivalentsNoncurrent $2.12M USD Point-in-time
Cash - restricted RestrictedCashAndCashEquivalentsNoncurrent $2.12M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $9.11M USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $9.30M USD Point-in-time
Long-term right of use assets, net LongTermRightOfUseAssetsNet $12.91M USD Point-in-time
Long-term right of use assets, net LongTermRightOfUseAssetsNet $13.03M USD Point-in-time
Investment in LLC - Related Party InvestmentInLlcRelatedParty $20.78M USD Point-in-time
Investment in LLC - Related Party InvestmentInLlcRelatedParty $19.31M USD Point-in-time
Note Receivable NotesReceivableNet $99.02K USD Point-in-time
Note Receivable NotesReceivableNet $99.02K USD Point-in-time
Total Other Assets OtherAssetsNoncurrent $43.75M USD Point-in-time
Total Other Assets OtherAssetsNoncurrent $45.15M USD Point-in-time
TOTAL ASSETS Assets $49.50M USD Point-in-time
TOTAL ASSETS Assets $55.92M USD Point-in-time
Trade payable AccountsPayableTradeCurrent $4.31M USD Point-in-time
Trade payable AccountsPayableTradeCurrent $4.92M USD Point-in-time
Non-Trade Payables NonTradePayables $2.69M USD Point-in-time
Non-Trade Payables NonTradePayables $2.52M USD Point-in-time
Accounts payable - related party AccountsPayableRelatedPartiesCurrent $4.30M USD Point-in-time
Accounts payable - related party AccountsPayableRelatedPartiesCurrent $3.01M USD Point-in-time
Accrued interest AccruedLiabilitiesCurrent $110.70K USD Point-in-time
Accrued interest AccruedLiabilitiesCurrent $106.89K USD Point-in-time
Current portion of long term-debt LongTermDebtCurrent $839.73K USD Point-in-time
Current portion of long term-debt LongTermDebtCurrent $1.92M USD Point-in-time
Convertible note payables ConvertibleNotesPayable $9.79M USD Point-in-time
Convertible note payables ConvertibleNotesPayable - USD Point-in-time
Current portion of lease liabilities, net OperatingLeaseLiabilityCurrent $3.96M USD Point-in-time
Current portion of lease liabilities, net OperatingLeaseLiabilityCurrent $3.89M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $27.44M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $21.84M USD Point-in-time
Remediation liability AccruedReclamationCostsCurrent $20.54M USD Point-in-time
Remediation liability AccruedReclamationCostsCurrent $20.30M USD Point-in-time
Lease liabilities, net OperatingLeaseLiabilityNoncurrent $6.70M USD Point-in-time
Lease liabilities, net OperatingLeaseLiabilityNoncurrent $7.90M USD Point-in-time
Total Other Liabilities OtherLiabilities $28.19M USD Point-in-time
Total Other Liabilities OtherLiabilities $27.24M USD Point-in-time
Total Liabilities Liabilities $55.63M USD Point-in-time
Total Liabilities Liabilities $42.15M USD Point-in-time
Common stock: $.0001 par value; 230,000,000 shares authorized, 76,197,850 and 66,777,620 shares issued and outstanding CommonStockValue $6.68K USD Point-in-time
Common stock: $.0001 par value; 230,000,000 shares authorized, 76,197,850 and 66,777,620 shares issued and outstanding CommonStockValue $7.62K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $177.68M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $167.52M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-170.34M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-167.24M USD Point-in-time
Total Stockholders' Equity (Deficit) StockholdersEquity $284.70K USD Point-in-time
Total Stockholders' Equity (Deficit) StockholdersEquity $7.35M USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) LiabilitiesAndStockholdersEquity $49.50M USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) LiabilitiesAndStockholdersEquity $55.92M USD Point-in-time
Income Statement 48 line items
Line Item Tag Value Unit Period
Coal Sales CoalSales $9.03M USD 1 Quarter
Coal Sales CoalSales $8.72M USD 1 Quarter
Metal recovery and sales MetalRecoveryAndSales $37.23K USD 1 Quarter
Metal recovery and sales MetalRecoveryAndSales $20.61K USD 1 Quarter
Royalty Income RoyaltyIncome $124.66K USD 1 Quarter
Royalty Income RoyaltyIncome $12.14K USD 1 Quarter
Total Revenue Revenues $9.08M USD 1 Quarter
Total Revenue Revenues $8.87M USD 1 Quarter
Cost of Coal Sales and Processing CostOfCoalSalesAndProcessing $2.71M USD 1 Quarter
Cost of Coal Sales and Processing CostOfCoalSalesAndProcessing $2.89M USD 1 Quarter
Accretion Expense AccretionExpense $267.62K USD 1 Quarter
Accretion Expense AccretionExpense $248.29K USD 1 Quarter
Depreciation Depreciation $13.34K USD 1 Quarter
Depreciation Depreciation $626.04K USD 1 Quarter
Amortization of Mining Rights AmortizationOfIntangibleAssets $305.86K USD 1 Quarter
Amortization of Mining Rights AmortizationOfIntangibleAssets $303.39K USD 1 Quarter
General and Administrative GeneralAndAdministrativeExpense $1.02M USD 1 Quarter
General and Administrative GeneralAndAdministrativeExpense $1.32M USD 1 Quarter
Professional Fees ProfessionalFees $293.25K USD 1 Quarter
Professional Fees ProfessionalFees $350.94K USD 1 Quarter
Production Taxes and Royalties RoyaltyExpense $981.64K USD 1 Quarter
Production Taxes and Royalties RoyaltyExpense $819.48K USD 1 Quarter
Development Costs DevelopmentCosts $5.63M USD 1 Quarter
Development Costs DevelopmentCosts $6.78M USD 1 Quarter
Total Operating expenses OperatingExpenses $13.06M USD 1 Quarter
Total Operating expenses OperatingExpenses $11.50M USD 1 Quarter
Net Loss from Operations OperatingIncomeLoss $-3.98M USD 1 Quarter
Net Loss from Operations OperatingIncomeLoss $-2.64M USD 1 Quarter
Other Income OtherNonoperatingIncomeExpense $82.16K USD 1 Quarter
Other Income OtherNonoperatingIncomeExpense $93.00K USD 1 Quarter
Gain on cancelation of debt EstimateOfCancellations - USD 1 Quarter
Gain on cancelation of debt EstimateOfCancellations $-1.52M USD 1 Quarter
Amortization of debt discount and debt issuance costs AmortizationOfDebtDiscountAndDebtIssuanceCosts - USD 1 Quarter
Amortization of debt discount and debt issuance costs AmortizationOfDebtDiscountAndDebtIssuanceCosts - USD 1 Quarter
Interest Income InterestIncomeOperating $10.04K USD 1 Quarter
Interest Income InterestIncomeOperating $17.21K USD 1 Quarter
Interest expense InterestExpense $383.70K USD 1 Quarter
Interest expense InterestExpense $575.96K USD 1 Quarter
Total Other income (expense) NonoperatingIncomeExpense $-465.75K USD 1 Quarter
Total Other income (expense) NonoperatingIncomeExpense $1.23M USD 1 Quarter
Net Loss ProfitLoss $-3.10M USD 1 Quarter
Net Loss ProfitLoss $-2.75M USD 1 Quarter
Less: Net Loss attributable to Non controlling interest NetIncomeLossAttributableToNoncontrollingInterest $-7.88K USD 1 Quarter
Net loss attributable to American Resources Corp. Shareholders NetIncomeLoss $-2.75M USD 1 Quarter
Net loss per common share - basic and diluted NetLossPerCommonShareBasicAndDiluted $-0.04 USD 1 Quarter
Net loss per common share - basic and diluted NetLossPerCommonShareBasicAndDiluted $-0.04 USD 1 Quarter
Weighted average common shares outstanding- basic and diluted WeightedAverageNumberOfShareOutstandingBasic 72.95M shares 1 Quarter
Weighted average common shares outstanding- basic and diluted WeightedAverageNumberOfShareOutstandingBasic 65.25M shares 1 Quarter
Cash Flow Statement 71 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-3.10M USD 1 Quarter
Net loss ProfitLoss $-2.75M USD 1 Quarter
Gain on forgiveness of debt GainsLossesOnExtinguishmentOfDebt - USD 1 Quarter
Gain on forgiveness of debt GainsLossesOnExtinguishmentOfDebt $-1.52M USD 1 Quarter
Depreciation DepreciationAndAmortization $626.04K USD 1 Quarter
Depreciation DepreciationAndAmortization $13.34K USD 1 Quarter
Amortization of mining rights AmortizationOfIntangibleAsset $305.86K USD 1 Quarter
Amortization of mining rights AmortizationOfIntangibleAsset $303.39K USD 1 Quarter
Accretion expense AccretionExpense $267.62K USD 1 Quarter
Accretion expense AccretionExpense $248.29K USD 1 Quarter
Accretion of right of use assets AccretionOfRightOfUseAssets $2.90K USD 1 Quarter
Accretion of right of use assets AccretionOfRightOfUseAssets $107.89K USD 1 Quarter
Warrant expense WarrantExpense $199.84K USD 1 Quarter
Warrant expense WarrantExpense $376.57K USD 1 Quarter
Issuance of common share options for compensation IssuanceOfCommonShareOptionsForCompensation - USD 1 Quarter
Issuance of common share options for compensation IssuanceOfCommonShareOptionsForCompensation - USD 1 Quarter
Amortization of beneficial conversion feature AmortizationOfBeneficialConversionFeature - USD 1 Quarter
Amortization of beneficial conversion feature AmortizationOfBeneficialConversionFeature - USD 1 Quarter
Issuance of common shares for services IssuanceOfCommonSharesForServices - USD 1 Quarter
Issuance of common shares for services IssuanceOfCommonSharesForServices - USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-319.31K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $1.03M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidExpense $10.50K USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidExpense $951.41K USD 1 Quarter
Inventory IncreaseDecreaseInInventories $1.24M USD 1 Quarter
Inventory IncreaseDecreaseInInventories $2.51M USD 1 Quarter
Accounts payable IncreaseDecreaseInOtherAccountsPayable $-450.19K USD 1 Quarter
Accounts payable IncreaseDecreaseInOtherAccountsPayable $-393.87K USD 1 Quarter
Accounts payable related party IncreaseDecreaseInAccountsPayableRelatedParties $-691.61K USD 1 Quarter
Accounts payable related party IncreaseDecreaseInAccountsPayableRelatedParties $-1.29M USD 1 Quarter
Accrued interest IncreaseDecreaseInInterestPayableNet $94.44K USD 1 Quarter
Accrued interest IncreaseDecreaseInInterestPayableNet $3.82K USD 1 Quarter
Cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-7.34M USD 1 Quarter
Cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivities $-5.73M USD 1 Quarter
Cash paid for PPE, net PaymentsToAcquirePropertyPlantAndEquipment $508.93K USD 1 Quarter
Cash paid for PPE, net PaymentsToAcquirePropertyPlantAndEquipment $724.90K USD 1 Quarter
Capitalized interest ProceedsFromCapitalizedInterest - USD 1 Quarter
Capitalized interest ProceedsFromCapitalizedInterest $267.88K USD 1 Quarter
Cash invested in notes receivable CashInvestedInNotesReceivable $335.00K USD 1 Quarter
Cash invested in notes receivable CashInvestedInNotesReceivable - USD 1 Quarter
Investment in LLC InvestmentInLlcs $-1.48M USD 1 Quarter
Investment in LLC InvestmentInLlcs - USD 1 Quarter
Cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $967.34K USD 1 Quarter
Cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-792.02K USD 1 Quarter
Principal payments on long term debt PrincipalPaymentsOnLongTermDebt $-39.56K USD 1 Quarter
Principal payments on long term debt PrincipalPaymentsOnLongTermDebt $-1.08M USD 1 Quarter
Principal payments on finance lease FinanceLeasePrincipalPayments $1.12M USD 1 Quarter
Principal payments on finance lease FinanceLeasePrincipalPayments - USD 1 Quarter
Proceeds from convertible note ProceedsFromConvertibleDebt - USD 1 Quarter
Proceeds from convertible note ProceedsFromConvertibleDebt - USD 1 Quarter
Proceeds from warrant conversions ProceedsFromWarrantExercises - USD 1 Quarter
Proceeds from warrant conversions ProceedsFromWarrantExercises $280.88K USD 1 Quarter
Proceeds from sale of common stock, net ProceedsFromSaleOfCommonStockNet - USD 1 Quarter
Proceeds from sale of common stock, net ProceedsFromSaleOfCommonStockNet - USD 1 Quarter
Cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $-2.19M USD 1 Quarter
Cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $241.32K USD 1 Quarter
Increase (decrease) in cash and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-8.57M USD 1 Quarter
Increase (decrease) in cash and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-6.28M USD 1 Quarter
Cash and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $12.59M USD Point-in-time
Cash and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $6.30M USD Point-in-time
Cash and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.42M USD Point-in-time
Cash and restricted cash, beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $10.99M USD Point-in-time
Cash and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $12.59M USD Point-in-time
Cash and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $6.30M USD Point-in-time
Cash and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $2.42M USD Point-in-time
Cash and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $10.99M USD Point-in-time
Conversion of debt to common shares ConversionOfStockSharesIssued1 1.01M shares 1 Quarter
Discount on note due to beneficial conversion feature AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature - USD 1 Quarter
Discount on note due to beneficial conversion feature AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature - USD 1 Quarter
Cash paid for interest InterestPaidNet $3.73K USD 1 Quarter
Cash paid for interest InterestPaidNet $64.09K USD 1 Quarter
Stockholders Equity 16 line items
Line Item Tag Value Unit Period
Balance, amount StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-3.65M USD Point-in-time
Balance, amount StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest - USD Point-in-time
Balance, amount StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.45M USD Point-in-time
Balance, amount StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest - USD Point-in-time
Shares issued in connection with warrant conversions, shares SharesIssuedInConnectionWithWarrantConversionsShares 9.79M shares 1 Quarter
Shares issued in connection with warrant conversions, amount SharesIssuedInConnectionWithWarrantConversionsAmount $280.88K USD 1 Quarter
Amortization of beneficial conversion features AdjustmentsToAdditionalPaidInCapitalAmortizationOfBeneficialConversionFeatures $-40.66K USD 1 Quarter
Shares issued in connection with debt conversions, amount SharesIssuedInConnectionWithDebtConversionsAmount $1.01M USD 1 Quarter
Amortization of Warrant and Option Expense AmortizationOfWarrantAndOptionExpense $199.84K USD 1 Quarter
Net Loss ProfitLoss $-3.10M USD 1 Quarter
Net Loss ProfitLoss $-2.75M USD 1 Quarter
Amortization of Warrant and Stock Option Expense AmortizationOfWarrantAndStockOptionExpense $376.57K USD 1 Quarter
Balance, amount StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $-3.65M USD Point-in-time
Balance, amount StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest - USD Point-in-time
Balance, amount StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $10.45M USD Point-in-time
Balance, amount StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest - USD Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

NEWS
Loading article...
NEWS
Loading news...
TRENDING
Loading...