All individual numbers are from the SEC provided Financial Statement and Notes Data Sets. No guarantee is made for their accuracy. This report only shows the values that are common to a significant number of companies.
AMERICAN RESOURCES CORP Last Reported: 5/31/2024 Stock Symbol: AREC

Business Address

12115 VISIONARY WAY, SUITE 174

FISHERS , IN US 46038

Mailing Address

12115 VISIONARY WAY, SUITE 174

FISHERS , IN US 46038
Phone Number: (317) 855-9926 / State Incorporated: FL / Fiscal Year End 12 /31

Balance Sheet

Date 12/31/2023 9/30/2023 6/30/2023 12/31/2022 9/30/2022 6/30/2022 12/31/2021 9/30/2021 6/30/2021 3/31/2021 12/31/2020 9/30/2020 6/30/2020 3/31/2020 12/31/2019 9/30/2019 6/30/2019 5/31/2019 4/30/2019 3/31/2019 1/31/2019 12/31/2018 9/30/2018 6/30/2018 3/31/2018 12/31/2017 9/30/2017 6/30/2017 3/31/2017 12/31/2016 9/30/2016 6/30/2016 3/31/2016 12/31/2015 9/30/2015 6/30/2015 3/31/2015 12/31/2014 9/30/2014 6/30/2014 3/31/2014 12/31/2013
Cash and Cash Equivalents -- -- -- -- -- $4,894,754.00 $12,588,113.00 $20,130,297.00 $29,128,373.00 $8,331,173.00 $11,201,203.00 $1,391,716.00 $2,154,223.00 $459,232.00 $268,811.00 $1,014,827.00 $1,494,775.00 -- -- $471,647.00 -- $2,704,799.00 $57,739.00 $692,837.00 $9,006.00 $186,722.00 $342,041.00 $373,190.00 $756,160.00 $784,525.00 $290,395.00 $67,308.00 $394,298.00 $553,140.00 $87,983.00 $301,175.00 $131,055.00 $48,075.00 $82,819.00 $75,850.00 $154,698.00 $224,903.00
Accounts Receivable Net Current -- $4,390,828.00 -- $660,755.00 $5,671,043.00 $5,354,770.00 $3,175,636.00 $2,106,937.00 $376,563.00 $3,274.00 $38,650.00 -- -- -- $2,424,905.00 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Inventory $54,000.00 $2,166,526.00 $711,226.00 $446,690.00 $730,023.00 -- -- $1,664.00 $638,880.00 $150,504.00 $150,504.00 $150,503.00 $150,504.00 $150,504.00 $515,630.00 $1,004,326.00 $121,026.00 -- -- $738,054.00 -- $163,800.00 $426,725.00 $66,344.00 $317,122.00 $615,096.00 -- -- -- $6,288.00 $4,959.00 $4,959.00 $4,894.00 $4,156.00 $4,156.00 -- -- -- -- -- -- --
Prepaid Expenses and Other Current Assets $1,867,651.00 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Total Current Assets $34,885,493.00 $12,352,376.00 $6,387,571.00 $10,762,587.00 $11,224,873.00 $9,978,606.00 $15,297,943.00 $21,503,647.00 $29,393,246.00 $7,727,149.00 $11,215,889.00 $1,359,803.00 $2,215,726.00 $640,889.00 $3,178,099.00 $2,612,546.00 $4,039,864.00 -- -- $2,137,714.00 -- $4,262,961.00 $3,536,324.00 $2,876,726.00 $3,068,478.00 $2,702,401.00 $1,254,043.00 $1,250,750.00 $2,380,862.00 $70,834.00 $90,976.00 $112,966.00 $642,680.00 $600,147.00 $644,392.00 $339,560.00 $176,992.00 $77,517.00 $110,380.00 $128,087.00 -- --
Property Plant and Equipement $15,337,004.00 $11,688,155.00 $9,027,465.00 $9,113,722.00 $15,064,592.00 $20,883,868.00 $22,903,154.00 $23,022,004.00 $21,683,346.00 $22,358,444.00 $22,498,659.00 $23,253,811.00 $25,415,822.00 $27,265,051.00 $27,668,885.00 $60,808,062.00 $57,246,228.00 -- -- $58,839,657.00 -- $32,571,920.00 $12,118,730.00 $13,115,587.00 $11,119,273.00 $11,117,184.00 $11,629,471.00 $11,225,830.00 $11,656,959.00 $12,081,816.00 -- -- -- -- -- -- -- -- -- -- -- --
Intangible Assets Net -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Goodwill -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- $361,049.00 $361,049.00 $361,049.00 $361,049.00 $361,049.00 $456,390.00 -- -- -- -- --
Other Assets -- $91,327,755.00 $93,691,678.00 -- -- -- -- $30,397,726.00 $29,069,388.00 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Total Assets $91,746,164.00 $102,920,131.00 $100,079,249.00 $55,916,349.00 $37,313,393.00 $37,676,612.00 $42,872,702.00 $51,901,373.00 $58,462,634.00 $37,711,440.00 $38,415,395.00 $29,368,559.00 $32,284,328.00 $32,023,079.00 $35,229,650.00 $67,835,734.00 $65,768,216.00 -- -- $65,566,150.00 -- $41,363,712.00 $20,058,236.00 $20,450,549.00 $18,501,679.00 $18,263,385.00 $17,331,975.00 $16,990,937.00 $18,554,336.00 $20,273,829.00 $96,971.00 $1,130,008.00 $1,103,057.00 $1,073,274.00 $1,130,269.00 $840,687.00 $783,710.00 $82,262.00 $110,380.00 $128,087.00 -- --
Accounts Payable -- $4,331,281.00 -- -- $3,321,172.00 -- -- -- -- -- -- -- $11,456,102.00 $11,763,906.00 $11,044,479.00 -- $6,245,513.00 -- -- $6,248,566.00 -- $8,139,662.00 $6,813,924.00 $4,994,777.00 $6,407,660.00 $5,360,537.00 $4,765,441.00 $4,193,383.00 $3,111,825.00 $2,196,060.00 -- $11,592.00 $2,384.00 $13,967.00 $14,387.00 $-8,051.00 -- -- -- -- -- --
Accrued Liabilities $512,558.00 $142,881.00 $142,882.00 $106,886.00 $42,013.00 $38,194.00 $1,325,286.00 $427,818.00 $332,415.00 $247,271.00 $1,043,519.00 $573,526.00 $1,197,050.00 $2,363,380.00 $2,869,763.00 $1,977,142.00 $1,698,222.00 -- -- $1,312,562.00 -- $1,118,736.00 $624,209.00 $591,344.00 $461,333.00 $336,570.00 $212,945.00 $182,945.00 $152,945.00 $122,945.00 -- -- -- -- -- -- -- -- -- -- -- --
Total Current Liabilities $91,522,320.00 $88,223,908.00 $89,343,753.00 $55,631,653.00 $46,386,098.00 $42,373,879.00 $45,128,110.00 $49,133,890.00 $49,152,044.00 $50,059,946.00 $58,420,895.00 $62,945,490.00 $66,772,215.00 $67,436,526.00 $67,934,291.00 $60,724,944.00 $55,040,233.00 -- -- $52,002,538.00 -- $50,563,534.00 $50,505,402.00 $47,169,082.00 $61,205,912.00 $58,356,449.00 $52,282,276.00 $50,509,499.00 $48,502,544.00 $47,781,427.00 -- -- -- -- -- -- -- -- -- -- -- --
Long Term Debt -- -- -- -- -- -- -- -- -- -- $14,300,907.00 -- -- -- -- -- -- -- -- -- -- $7,918,872.00 $5,072,493.00 $5,282,930.00 -- $14,850,842.00 -- -- -- $9,469,947.00 -- -- -- -- -- -- -- -- -- -- -- --
Additional Paid-in Capital -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Accumulated Other Comprehensive Loss -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Accumulated Deficit $-178,694,329.00 $-163,845,377.00 $-167,329,012.00 $-167,239,243.00 $-176,196,598.00 $-170,969,757.00 $-165,793,571.00 $-155,357,822.00 $-146,444,301.00 $-139,794,126.00 $-133,289,247.00 $-124,977,659.00 $-125,101,641.00 $-126,409,878.00 $-123,033,485.00 $-82,985,942.00 $-75,641,410.00 -- -- $-62,180,803.00 -- $-52,115,183.00 $-50,265,183.00 $-46,636,957.00 $-44,759,278.00 $-42,019,595.00 $-36,663,151.00 $-34,853,568.00 $-30,868,618.00 $-27,651,030.00 $-1,231,162.00 $-509,304.00 $-558,254.00 $-556,147.00 $-513,489.00 $-292,858.00 $-140,950.00 $-117,648.00 $-88,930.00 $-70,113.00 -- --
Total Stockholders' Equity $223,844.00 $14,696,223.00 $10,735,496.00 $284,696.00 $-9,009,216.00 $-4,697,267.00 $-2,345,408.00 $2,767,483.00 $9,310,590.00 $-12,348,504.00 $-20,005,500.00 $-33,576,931.00 $-34,487,887.00 $-35,413,447.00 $-32,704,641.00 $7,110,790.00 $10,727,983.00 -- -- $13,563,612.00 -- $-9,199,822.00 $-30,447,166.00 $-26,718,533.00 $-42,704,233.00 $-40,093,064.00 $-34,950,301.00 $-33,518,562.00 $-29,948,208.00 $-27,507,598.00 -- -- -- $-5,506,991.00 -- -- -- $78,662.00 $107,380.00 $126,197.00 -- --
Controlling Interest in Subsidiaries -- -- -- -- $-63,489.00 $-20,550.00 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- $549,134.00 $526,370.00 $397,856.00 $364,175.00 $296,331.00 $231,735.00 $54,757.00 $71,289.00 $578,371.00 $613,831.00 $564,558.00 $540,468.00 $189,445.00 $165,835.00 -- -- -- -- --
Total Liabilities and Equity $91,746,164.00 $102,920,131.00 $100,079,249.00 $55,916,349.00 $37,313,393.00 $37,676,612.00 $42,872,702.00 $51,901,373.00 $58,462,634.00 $37,711,442.00 $38,415,395.00 $29,368,559.00 $32,284,328.00 $32,023,079.00 $35,229,650.00 $67,835,734.00 $65,768,216.00 -- -- $65,566,150.00 -- $41,363,711.00 $20,058,236.00 $20,450,549.00 $18,501,679.00 $18,263,385.00 $17,331,975.00 $16,990,937.00 $18,554,336.00 $76,579.00 $96,971.00 $1,130,008.00 $1,103,057.00 $1,073,274.00 $1,130,269.00 $840,687.00 $783,710.00 $82,262.00 $110,380.00 $128,087.00 -- --

Statement of Operations

Date 12/31/2023 9/30/2023 6/30/2023 12/31/2022 9/30/2022 6/30/2022 12/31/2021 9/30/2021 6/30/2021 3/31/2021 12/31/2020 9/30/2020 6/30/2020 3/31/2020 12/31/2019 9/30/2019 6/30/2019 5/31/2019 4/30/2019 3/31/2019 1/31/2019 12/31/2018 9/30/2018 6/30/2018 3/31/2018 12/31/2017 9/30/2017 6/30/2017 3/31/2017 12/31/2016 9/30/2016 6/30/2016 3/31/2016 12/31/2015 9/30/2015 6/30/2015 3/31/2015 12/31/2014 9/30/2014 6/30/2014 3/31/2014 12/31/2013
Total Revenues $16,744,075.00 $5,828,526.00 $10,849,144.00 $39,474,269.00 $9,509,738.00 $25,279,828.00 $7,755,306.00 $2,813,923.00 $403,857.00 $10,646.00 $1,059,691.00 $1,045,816.00 $226,836.00 $524,334.00 $24,477,707.00 $18,183,681.00 $16,336,402.00 -- -- $6,994,276.00 -- $31,524,825.00 $9,038,268.00 $7,023,040.00 $7,325,376.00 $20,820,998.00 $4,351,968.00 $4,369,998.00 $6,612,081.00 $7,601,194.00 $836,385.00 $888,043.00 $746,779.00 -- -- -- $13,200.00 -- -- -- -- --
Cost of Revenues -- -- -- $21,687,656.00 -- $40,519.00 $7,088,951.00 $3,068,847.00 $1,744,842.00 $800,515.00 $3,749,519.00 $72,692.00 $662,556.00 -- $26,086,814.00 $15,254,961.00 $12,298,655.00 -- -- -- -- $24,992,312.00 $-7,116,009.00 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Gross Profit -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- $20,170.00 $66,360.00 $18,142.00 $24,533.00 $66,230.00 $2,207.00 $32,579.00 $853.00 -- -- -- -- --
Research and Development -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Selling, General, and Administrative -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Total Operating Expenses $28,166,408.00 $4,736,536.00 $9,011,233.00 $63,471,633.00 $47,537,148.00 $-20,331,926.00 $36,088,714.00 $10,656,805.00 $11,962,293.00 $5,982,978.00 $-17,507,056.00 $2,529,078.00 $-3,037,774.00 $4,779,410.00 $-84,431,881.00 $8,923,531.00 $-29,582,084.00 -- -- $-16,885,682.00 -- $-43,021,530.00 $-13,219,781.00 $9,247,842.00 $-9,788,919.00 $-34,839,884.00 $-5,936,585.00 $-8,538,033.00 $-9,701,136.00 $-29,452,263.00 $-22,952,161.00 $190,166.00 $121,042.00 $69,038.00 $407,093.00 $230,643.00 $20,456.00 $28,000.00 $84,951.00 $28,529.00 $14,525.00 $27,778.00
Loss from Operations $-11,422,333.00 $-8,573,670.00 $-7,030,545.00 $-23,997,364.00 $-12,747,582.00 $-4,132,722.00 $-28,333,408.00 $-19,401,315.00 $-11,558,436.00 $-5,972,332.00 $-16,447,365.00 $-2,234,432.00 $-2,810,938.00 $-4,255,076.00 $-59,954,174.00 $-20,321,934.00 $-13,245,682.00 -- -- $-9,891,406.00 -- $-11,496,705.00 $-4,181,513.00 $-2,224,802.00 $-2,463,543.00 $-14,018,886.00 $-1,584,617.00 $-3,928,035.00 $-3,089,055.00 $-16,563.00 $-21,227,733.00 $-51,734.00 $-8,820,592.00 $-2,308.00 $-401,985.00 $32,591.00 -- -- -- -- -- --
Loss Before Income Taxes -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Earnings Per Share Basic -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Weighted Average Shares Basic 75,422,390 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Earnings Per Share Diluted -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Weighted Average Shares Diluted -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- 19,018,733 -- -- --
Common Stock Shares Authorized 230,000,000 230,000,000 230,000,000 230,000,000 230,000,000 230,000,000 230,000,000 230,000,000 -- -- -- -- -- -- 230,000,000 230,000,000 230,000,000 -- -- -- -- 230,000,000 -- -- -- 230,000,000 -- -- -- 230,000,000 -- -- -- -- -- -- -- -- -- -- -- --
Common Stock Shares Outstanding 892,044 66,860,522 76,197,850 66,777,620 66,860,522 66,613,085 65,084,992 60,829,718 -- -- -- -- -- -- 27,410,512 27,267,197 23,367,197 -- -- -- -- 17,763,469 -- -- -- 892,044 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Common Stock Value $7,627.00 $7,627.00 $7,622.00 $6,680.00 $6,685.00 $6,661.00 $6,508.00 $6,083.00 -- $4,984.00 $4,256.00 $2,839.00 -- -- $2,740.00 $2,726.00 $2,337.00 -- -- -- -- $1,776.00 -- -- -- $89.00 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Common Stock Par Or Stated Value Per Share $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -- -- -- -- -- -- $0.00 $0.00 $0.00 -- -- -- $12.15 $0.00 -- -- -- $0.00 -- -- -- $0.00 -- -- -- -- -- -- -- -- -- -- -- --
Payments Of Dividends Common Stock -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Preferred Stock Shares Authorized -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 -- --
Preferred Stock Shares Outstanding -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Preferred Stock Value -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
Preferred Stock Par Or Stated Value Per Share -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 -- --
Share Price -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- $0.01 -- $3.49 $3.65 -- $12.15 -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- --
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