American Resources Corp
For the period ended Dec 31, 2024. Filed May 19, 2025.
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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.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes Stockholders’ Deficit
STATEMENT OF STOCKHOLDERS’ DEFICIT
DECEMBER 31, 2024 AND 2023
| Common Stock · Additional · Non- | |||||||
|---|---|---|---|---|---|---|---|
| Par Value Shares | Amount | Paid-in Capital | Accumulated Deficit | Total Deficit | controlling interest | Total | |
| Balance as of December 31, 2022 | 66,777,620 | $7,627 | $168,099,637 | $(186,764,927) | $(18,658,610) | $(1,276,297) | $(19,934,907) |
| Issuance of common shares for convertible debt conversion | 9,420,730 | 942 | 9,787,000 | - | 9,787,942 | - | 9,787,942 |
| Stock compensation - options | - | - | 3,766,629 | - | 3,766,629 | - | 3,766,629 |
| Issuance of common shares for consulting services | 49,020 | 5 | 99,995 | - | 100,000 | - | 100,000 |
| Net loss | - | - | - | (38,527,408) | (38,257,408) | (197,555) | (38,724,963) |
| Balance as of December 31, 2023 | 76,247,370 | $7,627 | $181,753,261 | $(225,292,335) | $(43,531,447) | (1,473,852) | (45,005,299) |
| Exercise of cashless warrants | 871,620 | 87 | (87) | - | - | - | - |
| Exercise of stock options | 148,000 | 15 | 156,885 | - | 156,900 | - | 156,900 |
| Issuance of common shares for consulting services | 30,000 | 3 | 43,797 | - | 43,800 | - | 43,800 |
| Dividend-in-kind of Novustera, Inc. common stock to shareholders | - | - | - | (1,361,788) | (1,361,788) | - | (1,361,788) |
| Exercise of warrants | 30,799 | 3 | 32,336 | - | 32,339 | - | 32,339 |
| Issuance of common shares for consulting services | 72,500 | 7 | 99,768 | - | 99,775 | - | 99,775 |
| Stock compensation – options | - | - | 3,725,484 | 3,725,484 | 3,725,484 | ||
| Common stock issued to settle accounts payable and accrued expenses | 595,790 | 60 | 595,725 | 595,785 | 595,785 | ||
| Net loss | - | - | - | (40,108,926) | (40,108,926) | (87,814) | (40,196,740) |
| Balance as of December 31, 2024 | 77,996,079 | 7,802 | 186,407,169 | (266,763,049) | (80,348,078) | (1,561,666) | (81,909,744) |
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