American Resources Corp
For the period ended Dec 31, 2025. Filed May 20, 2026.
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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.
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.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes Stockholders’ Deficit
STATEMENT OF STOCKHOLDERS’ DEFICIT
FOR THE YEAR ENDED DECEMBER 31, 2025 AND 2024
| Common Stock · Additional · Non- | |||||||
|---|---|---|---|---|---|---|---|
| Par Value Shares | Amount | Paid-in Capital | AccumulatedDeficit | TotalDeficit | controlling interest | TotalDeficit | |
| 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 common 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 common stock 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 |
| Common stock issued to settle accounts payable and accrued expenses | 595,790 | 60 | 595,725 | - | 595,785 | - | 595,785 |
| Stock compensation – options | - | - | 3,725,484 | - | 3,725,484 | - | 3,725,484 |
| Net loss | - | - | - | (39,116,156) | (39,116,156) | (87,814) | (39,203,970) |
| Balance as of December 31, 2024 | 77,996,079 | $7,802 | $186,407,169 | $(265,770,279) | $(79,355,308) | $(1,561,666) | $(80,916,974) |
| Stock compensation – options | - | - | 7,132,466 | - | 7,132,466 | - | 7,132,466 |
| Exercise of cashless common stock options | 577,676 | 58 | (58) | - | - | - | - |
| Exercise of warrants for common stock | 2,162,808 | 216 | 7,524,784 | - | 7,525,000 | - | 7,525,000 |
| Common stock issued to settle accounts payable and accrued expenses | 7,299,143 | 729 | 6,308,600 | - | 6,309,329 | - | 6,309,329 |
| Common stock issued to settle debt | 1,500,726 | 150 | 6,413,157 | - | 6,413,307 | - | 6,413,307 |
| Proceeds from equity offering, net | 17,323,420 | 1,731 | 68,121,944 | - | 68,123,675 | - | 68,123,675 |
| Issuance of common shares for consulting services | 59,978 | 6 | 83,963 | - | 83,969 | - | 83,969 |
| Issuance of RLMT common stock for deconsolidated subsidiary | - | - | 23,132,943 | 23,132,943 | 23,132,943 | ||
| Net income | - | - | - | 55,411,737 | 55,411,737 | (26,526) | 55,385,211 |
| Balance as of December 31, 2025 | 106,919,830 | $10,692 | $305,124,968 | $(210,358,542) | $94,777,118 | $(1,588,192) | $93,188,926 |
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