American Resources Corporation (AREC) financial statements (2020 and earlier)

Company profile

Business Address 9002 TECHNOLOGY LANE
FISHERS, IN 46038
State of Incorp. FL
Fiscal Year End December 31
SIC 76 - Miscellaneous Repair Services (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
9/30/2016
9/30/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13000
Cash and cash equivalents13000
Inventory, net of allowances, customer advances and progress billings10100
Inventory10100
Prepaid expense00  0
Other current assets   (0) 
Other undisclosed current assets01200
Total current assets:34301
Noncurrent Assets
Inventory, Noncurrent1099  
Long-term investments and receivables444  
Accounts and financing receivable, after allowance for credit loss444  
Intangible assets, net (including goodwill)    0
Goodwill    0
Intangible assets, net (excluding goodwill)    0
Restricted cash and investments000  
Other undisclosed noncurrent assets5124200
Total noncurrent assets:65371600
TOTAL ASSETS:68411801
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities796 0
Accounts payable 85 0
Accrued liabilities210  
Other undisclosed accounts payable and accrued liabilities6    
Debt1514100 
Accrued reclamation costs 22  
Due to related parties110 0
Other undisclosed current liabilities1201800
Total current liabilities:34263500
Noncurrent Liabilities
Long-term debt and lease obligation585  
Long-term debt, excluding current maturities585  
Liabilities, other than long-term debt    0
Accounts payable and accrued liabilities    0
Other undisclosed noncurrent liabilities211618 (0)
Total noncurrent liabilities:262423  
Total liabilities:61515800
Stockholders' equity
Stockholders' equity attributable to parent, including:7(9)(40)(0)1
Common stock0 0  
Additional paid in capital9043211
Accumulated deficit(83)(52)(42)(1)(1)
Other undisclosed stockholders' equity attributable to parent 00  
Stockholders' equity attributable to noncontrolling interest   01
Other undisclosed stockholders' equity  (0)00
Total stockholders' equity:7(9)(40)(0)1
Other undisclosed liabilities and equity (0)0  
TOTAL LIABILITIES AND EQUITY:68411801

Income statement (P&L) ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
9/30/2016
9/30/2015
Revenues25322100
Revenue, net 00
Other income100 (0)
Cost of revenue
(Cost of Goods and Services Sold)
(0)(0) (0)(0)
Other undisclosed gross profit    0
Gross profit:25312100
Operating expenses554335(1)(0)
Other undisclosed operating loss(111)(86)(70)  
Operating loss:(30)(11)(14)(1)(0)
Nonoperating expense
(Other Nonoperating expense)
(6)    
Interest and debt expense1(1)(1)  
Loss from continuing operations:(36)(13)(15)(1)(0)
Income from discontinued operations   0 
Loss before gain (loss) on sale of properties:(36)(13)(15)(1)(0)
Other undisclosed net loss(1)    
Net loss:(37)(13)(15)(1)(0)
Net income (loss) attributable to noncontrolling interest 000(0)
Other undisclosed net income (loss) attributable to parent1(0)0(0)(0)
Net loss available to common stockholders, diluted:(36)(13)(14)(1)(0)

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
9/30/2016
9/30/2015
Net loss:(37)(13)(15)(1)(0)
Comprehensive loss:(37)(13)(15)(1)(0)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 000(0)
Comprehensive loss, net of tax, attributable to parent:(37)(13)(14)(1)(0)

Statements sources

The financial statements are based on the company's filings with the 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.

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