American Resources Corp
For the period ended Dec 31, 2023. Filed Apr 15, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Apr 15, 2024
AREC$1.17+7.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes Stockholders’ Equity
STATEMENT OF STOCKHOLDERS’ EQUITY
DECEMBER 31, 2023
| Common Stock · Additional | |||||
|---|---|---|---|---|---|
| Par ValueShares | Amount | Paid-inCapital | AccumulatedDeficit | TotalEquity | |
| Balance as of December 31, 2021 | 65,084,992 | $6,508 | $163,441,655 | $(165,793,571) | $(2,345,408) |
| Shares issued in connection with warrant and option conversions | 549,395 | 55 | 756,556 | - | 756,611 |
| Shares issued in connection with debt and payable conversions | 1,209,643 | 124 | 2,428,795 | - | 2,428,919 |
| Shares issued for services | 20,000 | 2 | 38,798 | - | 38,800 |
| Amortization of debt discount | - | - | (40,655) | - | (40,655) |
| Stock compensation – options | - | - | 985,536 | - | 985,536 |
| Repurchase of Shares Outstanding | (86,410) | (9) | (93,426) | - | (93,435) |
| Net loss | - | - | - | (1,445,672) | (1,445,672) |
| Balance as of December 31, 2022 | 66,777,620 | $6,680 | $167,517,259 | $(167,239,243) | $284,696 |
| Issuance of common shares for Convertible Debt Conversion | 9,420,730 | 942 | 9,787,000 | - | 9,787,942 |
| Issuance of common shares for consulting services | 49,020 | 5 | 99,995 | - | 100,000 |
| Stock compensation – options | - | - | 1,506,292 | - | 1,129,717 |
| Net loss | - | - | - | (11,455,086) | (11,455,086) |
| Balance as of December 31, 2023 | 76,247,370 | $7,627 | $178,910,546 | $(178,694,329) | $223,844 |
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