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 investments 3000
Cash and cash equivalents 3000
Inventory, net of allowances, customer advances and progress billings 0100
Inventory 0100
Prepaid expense 0  0
Other current assets   (0) 
Other undisclosed current assets 1200
Total current assets: 4301
Noncurrent Assets
Inventory, Noncurrent 99  
Long-term investments and receivables 44  
Accounts and financing receivable, after allowance for credit loss 44  
Intangible assets, net (including goodwill)    0
Goodwill    0
Intangible assets, net (excluding goodwill)    0
Restricted cash and investments 00  
Other undisclosed noncurrent assets 24200
Total noncurrent assets: 371600
TOTAL ASSETS: 411801
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 96 0
Accounts payable 85 0
Accrued liabilities 10  
Debt 14100 
Accrued reclamation costs 22  
Due to related parties 10 0
Other undisclosed current liabilities 01800
Total current liabilities: 263500
Noncurrent Liabilities
Long-term debt and lease obligation 85  
Long-term debt, excluding current maturities 85  
Liabilities, other than long-term debt    0
Accounts payable and accrued liabilities    0
Other undisclosed noncurrent liabilities 1618 (0)
Total noncurrent liabilities: 2423  
Total liabilities: 515800
Stockholders' equity
Stockholders' equity attributable to parent, including: (9)(40)(0)1
Common stock  0  
Additional paid in capital 43211
Accumulated deficit (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: (9)(40)(0)1
Other undisclosed liabilities and equity (0)0  
TOTAL LIABILITIES AND EQUITY: 411801

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

9/30/2019
TTM
12/31/2018
12/31/2017
9/30/2016
9/30/2015
Revenues 322100
Revenue, net 00
Other income 00 (0)
Cost of revenue
(Cost of Goods and Services Sold)
 (0) (0)(0)
Other undisclosed gross profit    0
Gross profit: 312100
Operating expenses 4335(1)(0)
Other undisclosed operating loss (86)(70)  
Operating loss: (11)(14)(1)(0)
Interest and debt expense (1)(1)  
Loss from continuing operations: (13)(15)(1)(0)
Income from discontinued operations   0 
Net loss: (13)(15)(1)(0)
Net income (loss) attributable to noncontrolling interest 000(0)
Other undisclosed net income (loss) attributable to parent (0)0(0)(0)
Net loss available to common stockholders, diluted: (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: (13)(15)(1)(0)
Comprehensive loss: (13)(15)(1)(0)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 000(0)
Comprehensive loss, net of tax, attributable to parent: (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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