American Resources Corp

For the period ended Dec 31, 2025. Filed May 20, 2026.

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.

FY2025 · Filed May 20, 2026

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,
	2025	2024
(As Revised)
Assets
Current assets:
Cash and cash equivalents	$31,701,916	$201,456
Short-term investments	40,470,151	587,357
Interest receivables	85,991	85,991
Prepaid expenses and other current assets	2,635,151	620,042
Accounts receivable – related party – net of allowance of $62,030,311 and $0 for the years ended December 31, 2025 and 2024 respectively.	59,371,504	81,570,962
Current assets – discontinued operations	-	9,830,195
Total current assets	134,264,713	92,896,003
Non-current assets:
Restricted cash	380,770	380,770
Property and equipment, net	143,069	228,688
Right-of-use assets, net	459,091	508,633
Right-of-use assets, net - related party	1,298,890	1,657,127
Investment in other entities - related parties	32,361,173	1,706,244
Notes receivable, net	-	280,000
Non-current assets – discontinued operations	-	183,994,409
Total assets	$168,907,706	$281,651,874
Liabilities and Deficit
Current liabilities:
Trade payables	$1,093,529	$2,137,054
Non-trade payables	474,407	471,566
Accounts payable – related party	51,610,947	17,533,062
Accrued expenses	391,401	544,865
Accrued litigation settlement	1,848,553	2,303,270
Accrued interest	54,849	68,465
Operating lease liabilities, current	139,918	49,529
Operating lease liabilities, current - related party	1,247,151	714,942
Other financing obligations, current	4,349,613	5,964,079
Current liabilities – discontinued operations	-	136,612,282
Total current liabilities	61,210,368	166,399,114
Non-current liabilities:
Long term debt	965,286	-
Other financing obligations, net of current portion	12,167,536	5,894,110
Operating lease liabilities, non-current	453,179	511,247
Operating lease liabilities, non-current - related party	922,411	1,315,604
Non-current liabilities – discontinued operations	-	188,448,773
Total liabilities	75,718,780	362,568,848
Stockholders' deficit:
Common stock, $0.0001 par value; 230,000,000 shares authorized, 106,919,830 and 77,996,079 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively	10,692	7,802
Additional paid-in capital	305,124,968	186,407,169
Accumulated deficit	(210,358,542)	(265,770,279)
Total stockholders' equity (deficit)	94,777,118	(79,355,308)
Non-controlling interest	(1,588,192)	(1,561,666)
Total equity (deficit)	93,188,926	(80,916,974)
Total liabilities and stockholders' equity (deficit)	$168,907,706	$281,651,874

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.