Skip to main content

American Resources Corp

For the period ended Mar 31, 2025. Filed May 28, 2025.

View on SEC.gov

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2025 · Filed May 28, 2025

AREC$1.09+14.9%Stored close · as of Nov 6, 2026
See the whole filing, with its images and exhibits

Cover page

Show cover page

10-Q 1 arec_10q.htm FORM 10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended:March 31, 2025

or

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _______ to _______

Commission File Number:000-55456

American Resources Corporation

(Exact name of registrant as specified in its charter)

Florida46-3914127
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)

12115 Visionary Way Fishers, Indiana 46038

(Address and Zip Code of principal executive offices)

Registrant’s telephone number, including area code:(317) 855-9926

Indicate by check mark whether the Issuer (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of the “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer☐Accelerated filer☐
Non-accelerated Filer☐Smaller Reporting Company☒
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Class A CommonARECNASDAQ Capital Market
WarrantARECWNASDAQ Capital Market

As of May 23, 2025 the registrant had 82,274,703 shares of Class A common stock issued and outstanding.

TABLE OF CONTENTS

PAGE
PART I. FINANCIAL INFORMATION
Item 1.Condensed Consolidated Financial Statements (Unaudited)3
Condensed Consolidated Balance Sheets as of March 31, 2025 (Unaudited) and December 31, 20243
Condensed Consolidated Statements of Operation (Unaudited) for the Three Months Ended March 31, 2025 and 20244
Condensed Consolidated Statements of Changes in Stockholders’ Deficit (Unaudited) for the Three Months ended March 31, 2025 and 20245
Condensed Consolidated Statements of Cash Flows (Unaudited) for the Three Months ended March 31, 2025 and 20246
Notes to Unaudited Condensed Consolidated Financial Statements7
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations35
Item 3.Quantitative and Qualitative Disclosures about Market Risk46
Item 4.Controls and Procedures47
PART II. OTHER INFORMATION
Item 1.Legal Proceedings48
Item 1A.Risk Factors48
Item 2.Unregistered Sale of Equity Securities and Use of Proceeds48
Item 3.Defaults upon Senior Securities48
Item 4.Mine Safety Disclosures48
Item 5.Other Information48
Item 6.Exhibits49
SIGNATURES51
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.