American Resources Corp

For the period ended Dec 31, 2024. Filed May 19, 2025.

About 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.

FY2024 · Filed May 19, 2025

AREC$1.17+7.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

	December 31,
	2024	2023
Assets
Current assets:
Cash and cash equivalents	$604,485	$1,318,854
Restricted cash - current	2,353,473	28,034,496
Restricted investment	4,500,000	4,500,000
Short-term investments	587,357	1,347,907
Due from related party	1,081,243	741,243
Interest receivables	85,991	-
Receivables	6,675	-
Inventories	959,989	129,991
Prepaid expenses and other current assets	1,145,826	1,729,651
Total current assets	11,325,039	37,802,142
Non-current assets:
Restricted cash	152,408,910	1,521,412
Property and Equipment, net	17,438,543	20,658,679
Right-of-use assets, net	712,352	797,202
Right-of-use assets, net - related party	1,735,407	89,419
Finance – right-of-use asset, net – related party	19,407,504	-
Investment in other entities - related parties	1,706,244	3,477,300
Notes receivable, net	280,000	379,022
Total Assets	$205,013,999	$64,725,176
Liabilities and Deficit
Current liabilities:
Trade payables	$4,247,649	$3,372,106
Non-trade payables	968,970	949,942
Accounts payable - related party	9,014,288	4,431,104
Accrued expenses	606,941	311,809
Accrued litigation settlements	14,343,928	14,103,270
Accrued interest	2,131,042	485,431
Other current liabilities	100,000	100,000
Bond payable, current	43,636,752	43,535,159
Current portion of long-term debt	2,077,328	2,140,328
Operating lease liabilities, current	91,576	77,656
Operating lease liabilities, current - related party	727,371	11,138
Finance lease - related party, current	363,296	-
Other financing obligations, current	6,493,706	7,488,333
Total current liabilities	84,802,847	77,006,276
Non-current liabilities:
Remediation liability	22,279,905	21,288,385
Bond payable, net	149,729,753	-
Convertible promissory note - related party	2,111,416	486,556
Other financing obligations, net of current portion	6,222,602	10,099,795
Operating lease liabilities, non-current	677,168	771,183
Operating lease liabilities, non-current - related party	1,381,455	78,280
Finance lease - related party, non-current	19,718,597	-
Total liabilities	286,923,743	109,730,475
Commitments and contingencies (Note 10)
Stockholders' deficit:
Common stock, $0.0001 par value; 230,000,000 shares authorized, 77,996,079 and 76,247,370 shares issued and outstanding as of December 31, 2024 and December 31, 2023, respectively	7,802	7,627
Additional paid-in capital	186,407,169	181,753,261
Accumulated deficit	(266,763,049)	(225,292,335)
Total stockholders' deficit	(80,348,078)	(43,531,447)
Non-controlling interest	(1,561,666)	(1,473,852)
Total deficit	(81,909,744)	(45,005,299)
Total liabilities and stockholders' deficit	$205,013,999	$64,725,176

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.