10-K Filing

AMERICAN RESOURCES CORP CIK: 1590715 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001590715-17-000006`
Period End Date	20160930
Filing Date	20170113
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	ngff-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 48 Income Statement 52 Cash Flow Statement 53 Stockholders Equity 9

Balance Sheet 48 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalent	`CashAndCashEquivalentsAtCarryingValue`	$82.82K	USD	Point-in-time
Cash and cash equivalent	`CashAndCashEquivalentsAtCarryingValue`	$87.98K	USD	Point-in-time
Cash and cash equivalent	`CashAndCashEquivalentsAtCarryingValue`	$48.79K	USD	Point-in-time
Marketable securities	`MarketableSecurities`	$50.86K	USD	Point-in-time
Marketable securities	`MarketableSecurities`	$35.02K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNet`	$2.21K	USD	Point-in-time
Inventory	`InventoryNet`	$4.16K	USD	Point-in-time
Inventory	`InventoryNet`	$4.96K	USD	Point-in-time
Assets of discontinued operations	`AssetsOfDisposalGroupIncludingDiscontinuedOperation`	$501.39K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$644.39K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$90.98K	USD	Point-in-time
Software, net	`CapitalizedComputerSoftwareNet`	$4.00K	USD	Point-in-time
Software, net	`CapitalizedComputerSoftwareNet`	$6.00K	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Goodwill	`Goodwill`	$361.05K	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Customer list-net of amortization	`FiniteLivedCustomerListsGross`	$120.83K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total other assets	`OtherAssets`	$481.88K	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total assets	`Assets`	$96.97K	USD	Point-in-time
Total assets	`Assets`	$1.13M	USD	Point-in-time
Accrued expenses	`OtherAccruedLiabilitiesNoncurrent`	$1.20K	USD	Point-in-time
Accrued expenses	`OtherAccruedLiabilitiesNoncurrent`	$72.99K	USD	Point-in-time
Other payable	`OtherNotesPayable`	$10.17K	USD	Point-in-time
Other payable	`OtherNotesPayable`	$14.39K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$33.95K	USD	Point-in-time
Deferred revenue	`DeferredRevenue`	$35.34K	USD	Point-in-time
Loan related party	`AccountsPayableRelatedPartiesCurrent`	$18.55K	USD	Point-in-time
Loan payable Southridge	`LoansPayableCurrent`	$50.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$168.50K	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, 18,206,799 and 18,042,674 shares issued and outstanding	`CommonStockClassA`	$1.80K	USD	Point-in-time
Class A Common stock: $.0001 par value; 230,000,000 shares authorized, 18,206,799 and 18,042,674 shares issued and outstanding	`CommonStockClassA`	$1.82K	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`	$1.03M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.09M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-513.49K	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-1.23M	USD	Point-in-time
Total NGFC stockholders' equity (deficit)	`StockholdersEquityAttributableToParentNotAllowableForNetCapital`	$-142.82K	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
Non Controlling Interest	`MinorityInterest`	$71.29K	USD	Point-in-time
Total Equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.06M	USD	Point-in-time
Total Equity (deficit)	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-71.53K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$96.97K	USD	Point-in-time
Total liabilities and stockholders' equity (deficit)	`LiabilitiesAndStockholdersEquity`	$1.13M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$147.28K	USD	Annual
Sales	`SalesRevenueNet`	$62.43K	USD	Annual
Purchases - Parts and Materials	`CostOfGoodsAndServicesSold`	$80.92K	USD	Annual
Purchases - Parts and Materials	`CostOfGoodsAndServicesSold`	$60.22K	USD	Annual
Total Cost of Good Sold	`CostOfGoodsSold`	$80.92K	USD	Annual
Total Cost of Good Sold	`CostOfGoodsSold`	$60.22K	USD	Annual
Gross profits	`GrossProfit`	$2.21K	USD	Annual
Gross profits	`GrossProfit`	$66.36K	USD	Annual
Legal fees	`LegalFees`	$18.96K	USD	Annual
Legal fees	`LegalFees`	$10.92K	USD	Annual
Accounting fees	`ProfessionalFees`	$12.55K	USD	Annual
Accounting fees	`ProfessionalFees`	$22.01K	USD	Annual
Officer compensation	`OfficersCompensation`	$62.75K	USD	Annual
Officer compensation	`OfficersCompensation`	$74.25K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$38.50K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$30.17K	USD	Annual
Impairment expenses	`UtilitiesOperatingExpenseImpairments`	$444.38K	USD	Annual
Consulting fees	`ConsultingFees`	$38.12K	USD	Annual
Consulting fees	`ConsultingFees`	$166.25K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$193.09K	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$113.51K	USD	Annual
Total operating expenses	`OperatingExpenses`	$821.27K	USD	Annual
Total operating expenses	`OperatingExpenses`	$404.19K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-754.91K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-401.99K	USD	Annual
Long term capital loss	`GainLossOnDispositionOfAssets`	$-550.00	USD	Annual
Realized gain on marketable securities	`RealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments`	$7.01K	USD	Annual
Realized gain on marketable securities	`RealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments`	$25.61K	USD	Annual
Unrealized loss on marketable securities	`UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments`	$9.80K	USD	Annual
Unrealized loss on marketable securities	`UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestments`	$-28.35K	USD	Annual
Dividends received	`ProceedsFromDividendsReceived`	$889.00	USD	Annual
Dividends received	`ProceedsFromDividendsReceived`	$333.00	USD	Annual
Total other income/(loss)	`OtherIncome`	$35.74K	USD	Annual
Total other income/(loss)	`OtherIncome`	$-21.01K	USD	Annual
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-719.16K	USD	Annual
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-423.00K	USD	Annual
Income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$75.79K	USD	Annual
Income (loss) from discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-21.46K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-444.45K	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-643.37K	USD	Annual
Less: Net income (loss) attributable to the Non Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$19.90K	USD	Annual
Less: Net income (loss) attributable to the Non Controlling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-74.30K	USD	Annual
Net income (loss) attributable to NGFC Shareholders	`IncomeLossAttributableToParent`	$-717.67K	USD	Annual
Net income (loss) attributable to NGFC Shareholders	`IncomeLossAttributableToParent`	$-424.56K	USD	Annual
Basic and diluted loss per common share continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.02	USD	Annual
Basic and diluted loss per common share continuing operations	`IncomeLossFromContinuingOperationsPerBasicAndDilutedShare`	$-0.03	USD	Annual
Basic and diluted income (loss) per common share discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	Annual
Basic and diluted income (loss) per common share discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicAndDilutedShare`	-	USD	Annual
Basic and diluted income (loss) per common share	`EarningsPerShareBasicAndDiluted`	$-0.02	USD	Annual
Basic and diluted income (loss) per common share	`EarningsPerShareBasicAndDiluted`	$-0.03	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`	25.10M	shares	Annual

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net loss including non controlling interest	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-444.45K	USD	Annual
Net loss including non controlling interest	`NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest`	$-643.37K	USD	Annual
Unrealized loss on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$57.18K	USD	Annual
Unrealized loss on marketable securities	`MarketableSecuritiesUnrealizedGainLoss`	$39.95K	USD	Annual
Realized gain on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-17.27K	USD	Annual
Realized gain on marketable securities	`MarketableSecuritiesRealizedGainLoss`	$-151.71K	USD	Annual
Dividends received	`DividendIncomeOperating`	$2.72K	USD	Annual
Dividends received	`DividendIncomeOperating`	$-333.00	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$38.50K	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$30.17K	USD	Annual
Impairment expenses	`UtilitiesOperatingExpenseImpairments`	$444.38K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$242.70K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$53.15K	USD	Annual
Equity offerings expenses settled with note payable	`NoninterestExpenseOfferingCost`	$50.00K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-4.16K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$-803.00	USD	Annual
Other assets	`OtherAssetsCurrent`	$-2.21K	USD	Point-in-time
Other assets	`OtherAssetsCurrent`	$2.00K	USD	Point-in-time
Deferred revenue	`DeferredRevenueAdditions`	$1.38K	USD	Annual
Deferred revenue	`DeferredRevenueAdditions`	$33.95K	USD	Annual
Accounts payable	`AccountsPayableCurrent`	$14.39K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$67.58K	USD	Point-in-time
Accrued Expenses	`AccruedLiabilitiesForCommissionsExpenseAndTaxes`	$-1.80K	USD	Point-in-time
Net cash used in operating activities	`PaymentsForOperatingActivities`	$-87.64K	USD	Annual
Net cash used in operating activities	`PaymentsForOperatingActivities`	$-100.44K	USD	Annual
Purchase of investments	`Investments`	$-207.47K	USD	Point-in-time
Sale of investments	`ProceedsFromSaleOfShortTermInvestments`	$39.95K	USD	Annual
Cash received from purchase of ECIL	`ProceedsFromPreviousAcquisition`	$33.34K	USD	Annual
Purchase of software	`PaymentsToAcquireSoftware`	$-3.00K	USD	Annual
Purchase of software	`PaymentsToAcquireSoftware`	$-5.00K	USD	Annual
Net cash used in investing activities	`PaymentsToAcquireInvestments`	$-179.13K	USD	Annual
Net cash used in investing activities	`PaymentsToAcquireInvestments`	$36.95K	USD	Annual
Common stock bought back, value	`StockRedeemedOrCalledDuringPeriodValue`	$-15.00	USD	Annual
Contribution from minority owners	`ContributionFromMinorityOwners`	$50.00K	USD	Annual
Distribution to minority owners	`DistributionToMinorityOwners`	$-21.37K	USD	Annual
Payments on loan to related party	`RelatedPartyTransactionDueFromToRelatedPartyCurrent`	$-18.55K	USD	Point-in-time
Payments on loan to related party	`RelatedPartyTransactionDueFromToRelatedPartyCurrent`	$-5.05K	USD	Point-in-time
Sale of subsidiary ownership interest for cash	`SaleOfSubsidiaryOwnershipInterestForCash`	$487.58K	USD	Annual
Cash of deconsolidated subsidiary	`CashOfDeconsolidatedSubsidiary`	$-342.57K	USD	Annual
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$146.20K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$628.72K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-332.49K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$361.96K	USD	Annual
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-395.99K	USD	Annual
Cash at beginning of period	`CashAtBeginningOfPeriod1`	$444.77K	USD	Point-in-time
Cash at beginning of period	`CashAtBeginningOfPeriod1`	$82.82K	USD	Point-in-time
Cash flow ending balance	`CashFlowEndingBalance`	$444.77K	USD	Point-in-time
Cash flow ending balance	`CashFlowEndingBalance`	$48.79K	USD	Point-in-time
Interest	`InterestPaid`	$1.27K	USD	Annual
Interest	`InterestPaid`	$2.65K	USD	Annual
Net assets purchased from ECIL	`PaymentsToAcquireAssetsInvestingActivities`	$489.44K	USD	Annual
Class A shares issued to ECIL	`ClassASharesIssuedToEcil1`	$450.00K	USD	Annual
Non-cash assets of deconsolidated subsidiary	`NonCashAssetsOfDeconsolidatedSubsidiary`	$-229.54K	USD	Annual

Stockholders Equity 9 line items

Line Item	Tag	Value	Unit	Period
Minority ownership NGLP	`MinorityInterest`	$540.47K	USD	Point-in-time
Minority ownership NGLP	`MinorityInterest`	$71.29K	USD	Point-in-time
Common stock bought back, value	`StockRedeemedOrCalledDuringPeriodValue`	$-15.00	USD	Annual
Minority ownership NGLP	`MinorityInterest`	$540.47K	USD	Point-in-time
Minority ownership NGLP	`MinorityInterest`	$71.29K	USD	Point-in-time
Contribution from minority owners	`ContributionFromMinorityOwners`	$50.00K	USD	Annual
Distribution to minority owners	`DistributionToMinorityOwners`	$-21.37K	USD	Annual
Net loss	`NetIncomeLoss`	$-444.45K	USD	Annual
Net loss	`NetIncomeLoss`	$-643.37K	USD	Annual

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