American Resources Corp (AREC) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
12115 VISIONARY WAY, SUITE 174 FISHERS, IN 46038 |
| State of Incorp. | FL |
| Fiscal Year End | December 31 |
| Industry (SIC) | 122 - Bituminous Coal And Lignite Mining (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1,192 | 32,964 | 8,869 | 11,493 | 11,201 | 269 | |||
| Cash and cash equivalent | 604 | 2,667 | 8,869 | 11,493 | 11,201 | 269 | |||
| Short-term investments | 587 | 30,297 | |||||||
| Restricted cash and investments | 6,853 | ||||||||
| Receivables | 7 | (254) | 661 | 3,181 | 39 | ||||
| Inventory, net of allowances, customer advances and progress billings | 960 | 54 | 447 | 151 | 516 | ||||
| Inventory | 960 | 54 | 447 | 151 | 516 | ||||
| Prepaid expense | 787 | 625 | 175 | ||||||
| Other undisclosed current assets | 2,313 | 2,121 | (349) | 2,394 | |||||
| Total current assets: | 11,325 | 34,885 | 10,763 | 15,298 | 11,216 | 3,178 | |||
| Noncurrent Assets | |||||||||
| Inventory, Noncurrent | 6,838 | 8,294 | |||||||
| Finance lease, right-of-use asset, after accumulated amortization | 19,408 | 13,034 | |||||||
| Operating lease, right-of-use asset | 712 | 13,034 | 726 | ||||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 18,296 | 15,337 | 9,114 | 22,903 | |||||
| Long-term investments and receivables | 1,986 | 18,780 | 4,117 | ||||||
| Long-term investments | 1,706 | 18,780 | |||||||
| Accounts and financing receivable, after allowance for credit loss | 280 | 4,117 | |||||||
| Restricted cash and investments | 152,409 | 6,798 | 2,122 | 1,095 | 584 | 265 | |||
| Other undisclosed noncurrent assets | 1,735 | 15,946 | 7,850 | 2,850 | 19,777 | 19,375 | |||
| Total noncurrent assets: | 194,547 | 56,861 | 45,154 | 27,575 | 27,200 | 32,052 | |||
| TOTAL ASSETS: | 205,872 | 91,746 | 55,916 | 42,873 | 38,415 | 35,230 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 9,621 | 513 | 107 | 1,325 | 4,289 | 13,914 | |||
| Accounts payable | 9,014 | 11,044 | |||||||
| Accrued liabilities | 607 | 513 | 107 | 1,325 | 1,044 | 2,870 | |||
| Other undisclosed accounts payable and accrued liabilities | 3,245 | ||||||||
| Debt | 2,441 | 805 | 1,918 | 5,284 | 20,495 | ||||
| Asset retirement obligation | 2,327 | ||||||||
| Accrued reclamation costs | 20,296 | 2,327 | |||||||
| Other liabilities | 100 | 200 | |||||||
| Due to related parties | ✕ | ✕ | ✕ | 4,007 | 753 | 851 | |||
| Other undisclosed current liabilities | 72,641 | 16,553 | 5,117 | 5,920 | 15,892 | 7,420 | |||
| Total current liabilities: | 84,803 | 18,071 | 27,437 | 16,535 | 23,261 | 45,006 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 20,219 | 8,320 | 548 | 5,331 | 5,415 | ||||
| Long-term debt, excluding current maturities | 500 | 805 | 548 | 5,331 | 5,415 | ||||
| Finance lease, liability | 19,719 | 7,515 | |||||||
| Liabilities, other than long-term debt | 677 | 13,371 | 562 | 15,528 | 17,513 | ||||
| Asset retirement obligations | 15,528 | 17,513 | |||||||
| Lease deposit liability | 12,875 | ||||||||
| Operating lease, liability | 677 | 496 | 562 | ||||||
| Other undisclosed noncurrent liabilities | 181,225 | 51,762 | 28,195 | 27,482 | 14,301 | ||||
| Total noncurrent liabilities: | 202,121 | 73,452 | 28,195 | 28,593 | 35,160 | 22,928 | |||
| Total liabilities: | 286,924 | 91,522 | 55,632 | 45,128 | 58,421 | 67,934 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | (79,490) | 224 | 285 | (2,345) | (20,006) | (32,705) | |||
| Common stock | 8 | 8 | 7 | 7 | 4 | 3 | |||
| Additional paid in capital | 186,407 | 178,911 | 167,517 | 163,442 | 113,279 | 90,326 | |||
| Accumulated deficit | (265,905) | (178,694) | (167,239) | (165,794) | (133,289) | (123,033) | |||
| Other undisclosed equity, attributable to parent | 0 | ||||||||
| Equity, attributable to noncontrolling interest | (1,562) | ||||||||
| Other undisclosed equity | 90 | ||||||||
| Total equity: | (81,052) | 224 | 285 | (2,255) | (20,006) | (32,705) | |||
| TOTAL LIABILITIES AND EQUITY: | 205,872 | 91,746 | 55,916 | 42,873 | 38,415 | 35,230 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 383 | 16,744 | 39,474 | 7,755 | 1,060 | 24,478 | ||
| Gain (loss) on disposition of assets for financial service operations | (8,475) | 6,821 | 6,821 | |||||
| Net investment income | 31 | 231 | 206 | 165 | ||||
| Fee income | ✕ | ✕ | ✕ | ✕ | ||||
| Cost of revenue | (1,241) | (21,688) | (7,089) | (3,750) | (26,087) | |||
| Amortization of mortgage servicing rights (msrs) | (1,241) | (1,238) | ||||||
| Gross profit: | 383 | 15,503 | 17,787 | 666 | (2,690) | (1,609) | ||
| Operating expenses | (32,614) | (28,166) | (63,472) | (36,089) | 17,507 | |||
| Other undisclosed operating income (loss) | 1,241 | 21,688 | 7,089 | (31,265) | (58,345) | |||
| Operating loss: | (32,231) | (11,422) | (23,997) | (28,333) | (16,447) | (59,954) | ||
| Nonoperating income (expense) | (7,108) | (33) | 312 | (233) | 7,363 | |||
| Debt instrument, convertible, beneficial conversion feature | 7,363 | |||||||
| Other nonoperating income (expense) | 221 | (33) | ||||||
| Interest and debt expense | (116) | (1,337) | (4,472) | (4,160) | (3,383) | 2,909 | ||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | ||||||||
| Loss from continuing operations: | (39,455) | (12,792) | (28,157) | (32,726) | (19,831) | (49,683) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | (19,831) | (49,683) | |
| Other undisclosed net income (loss) | 116 | 1,337 | 29,603 | 222 | (21,236) | |||
| Net income (loss): | (39,339) | (11,455) | 1,446 | (32,504) | (19,831) | (70,918) | ||
| Other undisclosed net income (loss) attributable to parent | 88 | 22,910 | (2,891) | 9,575 | ||||
| Net income (loss) available to common stockholders, diluted: | (39,251) | 11,455 | (1,446) | (32,504) | (10,256) | (70,918) | ||
Comprehensive Income ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (39,339) | (11,455) | 1,446 | (32,504) | (19,831) | (70,918) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (39,339) | (11,455) | 1,446 | (32,504) | (19,831) | (70,918) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.