10-K Filing

AMERICAN RESOURCES CORP CIK: 1590715 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001590715-15-000073`
Period End Date	20150930
Filing Date	20151229
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	none-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 35 Income Statement 34 Cash Flow Statement 40 Stockholders Equity 13

Balance Sheet 35 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalent	`CashAndCashEquivalentsAtCarryingValue`	$34.36K	USD	Point-in-time
Cash and cash equivalent	`CashAndCashEquivalentsAtCarryingValue`	$444.77K	USD	Point-in-time
Marketable securities	`MarketableSecurities`	$27.56K	USD	Point-in-time
Marketable securities	`MarketableSecurities`	$195.46K	USD	Point-in-time
Inventory	`InventoryNet`	$4.16K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$110.38K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$644.39K	USD	Point-in-time
Software, net	`CapitalizedComputerSoftwareNet`	$4.00K	USD	Point-in-time
Goodwill	`Goodwill`	$361.05K	USD	Point-in-time
Customer list-net of amortization	`FiniteLivedCustomerListsGross`	$120.83K	USD	Point-in-time
Total other assets	`OtherAssets`	$481.88K	USD	Point-in-time
Total assets	`Assets`	$110.38K	USD	Point-in-time
Total assets	`Assets`	$1.13M	USD	Point-in-time
Accrued expenses	`OtherAccruedLiabilitiesNoncurrent`	$3.00K	USD	Point-in-time
Accrued expenses	`OtherAccruedLiabilitiesNoncurrent`	$1.20K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$14.39K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$33.95K	USD	Point-in-time
Loan payable officer	`AccountsPayableRelatedPartiesCurrent`	$18.55K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$3.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$68.09K	USD	Point-in-time
Class A Common stock: $.0001 par value; 230,000,000 shares authorized, 18,042,674 and 12,600,000 shares issued and outstanding	`CommonStockClassA`	$1.80K	USD	Point-in-time
Class A Common stock: $.0001 par value; 230,000,000 shares authorized, 18,042,674 and 12,600,000 shares issued and outstanding	`CommonStockClassA`	$1.26K	USD	Point-in-time
Class B Common stock: $.0001 par value; 60,000,000 shares authorized, 7,000,000 shares issued and outstanding	`CommonStockClassB`	$700.00	USD	Point-in-time
Class B Common stock: $.0001 par value; 60,000,000 shares authorized, 7,000,000 shares issued and outstanding	`CommonStockClassB`	$700.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$194.35K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.03M	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-513.49K	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-88.93K	USD	Point-in-time
Total NGFC stockholders' equity (deficit)	`StockholdersEquityAttributableToParentNotAllowableForNetCapital`	$107.38K	USD	Point-in-time
Total NGFC stockholders' equity (deficit)	`StockholdersEquityAttributableToParentNotAllowableForNetCapital`	$521.71K	USD	Point-in-time
Non Controlling Interest	`MinorityInterest`	$540.47K	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$107.38K	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.06M	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$110.38K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$1.13M	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$62.43K	USD	Annual
Cost of good sold	`CostOfGoodsSold`	$60.22K	USD	Annual
Gross profits	`GrossProfit`	$2.21K	USD	Annual
Legal fees	`LegalFees`	$21.46K	USD	Annual
Legal fees	`LegalFees`	$23.30K	USD	Annual
Accounting fees	`ProfessionalFees`	$9.30K	USD	Annual
Accounting fees	`ProfessionalFees`	$12.55K	USD	Annual
Officer compensation	`OfficersCompensation`	$22.80K	USD	Annual
Officer compensation	`OfficersCompensation`	$62.75K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$30.17K	USD	Annual
Consulting fees	`ConsultingFees`	$166.25K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$113.92K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$29.55K	USD	Annual
Total operating expenses	`OperatingExpenses`	$84.95K	USD	Annual
Total operating expenses	`OperatingExpenses`	$407.09K	USD	Annual
Loss from operations	`IncomeLossFromContinuingOperations`	$-404.89K	USD	Annual
Loss from operations	`IncomeLossFromContinuingOperations`	$-84.95K	USD	Annual
Realized gain on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-17.27K	USD	Annual
Realized gain on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-3.28K	USD	Annual
Unrealized loss on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$57.18K	USD	Annual
Unrealized loss on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$7.38K	USD	Annual
Dividends received	`ProceedsFromDividendsReceived`	$-120.00	USD	Annual
Dividends received	`ProceedsFromDividendsReceived`	$-333.00	USD	Annual
Total other income	`OtherIncome`	$-3.98K	USD	Annual
Total other income	`OtherIncome`	$-39.57K	USD	Annual
Net loss	`NetIncomeLoss`	$-444.45K	USD	Annual
Net loss	`NetIncomeLoss`	$-88.93K	USD	Annual
Less: Net Loss attributable to the Non Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$19.90K	USD	Annual
Net loss attributable to NGFC Shareholders	`IncomeLossAttributableToParent`	$-424.56K	USD	Annual
Net loss attributable to NGFC Shareholders	`IncomeLossAttributableToParent`	$-88.93K	USD	Annual
Net loss attributable to NGFC basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	Annual
Net loss attributable to NGFC basic and diluted loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Basic and diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	22.14M	shares	Annual
Basic and diluted weighted average number of common shares outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	19.02M	shares	Annual

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-444.45K	USD	Annual
Net loss	`NetIncomeLoss`	$-88.93K	USD	Annual
Unrealized loss on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$57.18K	USD	Annual
Unrealized loss on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$7.38K	USD	Annual
Realized gain on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-17.27K	USD	Annual
Realized gain on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-3.28K	USD	Annual
Dividends received	`ProceedsFromDividendsReceived`	$-120.00	USD	Annual
Dividends received	`ProceedsFromDividendsReceived`	$-333.00	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$30.17K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$242.70K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-4.16K	USD	Annual
Prepaid expense	`PrepaidExpenseCurrent`	$2.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueAdditions`	$33.95K	USD	Annual
Accounts payable	`AccountsPayableCurrent`	$14.39K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$-1.80K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$3.00K	USD	Point-in-time
Net cash used in operating activities	`PaymentsForOperatingActivities`	$-81.95K	USD	Annual
Net cash used in operating activities	`PaymentsForOperatingActivities`	$-87.64K	USD	Annual
Net cash paid for purchase and sale of trading securities	`PaymentsToAcquireTradingSecuritiesHeldforinvestment`	$-207.47K	USD	Annual
Net cash paid for purchase and sale of trading securities	`PaymentsToAcquireTradingSecuritiesHeldforinvestment`	$-80.00K	USD	Annual
Cash received from purchase of ECIL	`ProceedsFromPreviousAcquisition`	$33.34K	USD	Annual
Purchase of software	`PaymentsToAcquireSoftware`	$-5.00K	USD	Annual
Net cash used in investing activities	`PaymentsToAcquireInvestments`	$-80.00K	USD	Annual
Net cash used in investing activities	`PaymentsToAcquireInvestments`	$-179.13K	USD	Annual
Common stock bought back, value	`StockRedeemedOrCalledDuringPeriodValue`	$-15.00	USD	Annual
Payments on loan to related party	`RelatedPartyTransactionDueFromToRelatedPartyCurrent`	$-5.05K	USD	Point-in-time
Sale of subsidiary ownership interest for cash	`ProceedsFromSubsidiaryOwnershipInterestForCash`	$487.58K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$146.20K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$196.31K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$628.72K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$196.31K	USD	Annual
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$34.36K	USD	Annual
Net increase in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$361.96K	USD	Annual
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$34.36K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$444.77K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$34.36K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$444.77K	USD	Point-in-time
Interest	`InterestPaid`	$1.27K	USD	Annual
Net assets purchased from ECIL	`PaymentsToAcquireAssetsInvestingActivities`	$489.44K	USD	Annual
Class A shares issued to ECIL	`CommonStockClassAIssuedForEcil`	$450.00K	USD	Point-in-time

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Balance Value at October 2, 2013	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$107.38K	USD	Point-in-time
Balance Value at October 2, 2013	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.06M	USD	Point-in-time
Minority ownership NGLP	`MinorityInterest`	$540.47K	USD	Point-in-time
Balance Value at October 2, 2013	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$107.38K	USD	Point-in-time
Balance Value at October 2, 2013	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.06M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-444.45K	USD	Annual
Net loss	`NetIncomeLoss`	$-88.93K	USD	Annual
Common stock bought back, value	`StockRedeemedOrCalledDuringPeriodValue`	$-15.00	USD	Annual
Minority ownership NGLP	`MinorityInterest`	$540.47K	USD	Point-in-time

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