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

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Contents

Consolidated Statements of Operations

	For the Years Ended
	December 31,
	2024	2023
Revenue
Coal sales	$15,002	$12,611,165
Metal recovery and sales	108,535	66,552
Service fee revenue	99,960	-
Royalty income	159,737	556,682
Total revenue	383,234	13,234,399
Operating expenses (income)
Cost of coal sales and processing	2,526,975	8,987,598
Accretion	991,520	1,015,563
Depreciation	2,735,972	2,323,431
Amortization of mining rights	1,543,226	1,222,686
General and administrative	21,024,382	10,670,358
Professional fees	2,625,898	1,542,175
Litigation expense	240,658	11,067,926
Production taxes and royalties	35,533	2,995,435
Development	2,148,132	11,313,837
Gain on sale of equipment	(400,000)	(1,529,408)
Total operating expenses	33,472,296	49,609,601
Net loss from operations	(33,089,062)	(36,375,202)
Other income (expense)
Losses from equity method investees, net	(409,268)	(562,696)
Other income, net	221,471	170,780
Interest income	1,101,578	30,229
Interest expense	(8,021,459)	(1,988,074)
Total other income (expenses)	(7,107,678)	(2,349,761)
Net loss	(40,196,740)	(38,724,963)
Less: non-controlling interest	87,814	197,555
Net loss attributable to AREC shareholders	$(40,108,926)	$(38,527,408)
Net loss per share - basic and diluted	$(0.52)	$(0.51)
Weighted average shares outstanding - basic and diluted	77,222,990	75,144,374

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.