For the year ending 2025-12-31, AREC has $168,907,706 in assets. $75,718,780 in debts. $31,701,916 in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 31,701,916 | 604,485 | ||
| Restricted cash - current | - | 2,353,473 | ||
| Restricted investments - current | - | 4,500,000 | ||
| Short-term investments | 40,470,151 | 587,357 | ||
| Due from related party | - | 1,081,243 | ||
| Interest receivables | 85,991 | 85,991 | ||
| Receivables | - | 6,675 | ||
| Inventories | - | 959,989 | ||
| Prepaid expenses and other current assets | 2,635,151 | 1,145,826 | ||
| 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 | - | ||
| Current assets - discontinued operations | 0 | - | ||
| Total current assets | 134,264,713 | 11,325,039 | ||
| Restricted cash | 380,770 | 1,155,371 | ||
| Restricted investment | - | 151,253,539 | ||
| Property and equipment, net | 143,069 | 18,296,477 | ||
| Right-of-use assets, net | 459,091 | 712,352 | ||
| Right-of-use assets, net - related party | 1,298,890 | 1,735,407 | ||
| Finance - right-of-use asset, net - related party | - | 19,407,504 | ||
| Investment in other entities - related parties | 32,361,173 | 1,706,244 | ||
| Notes receivable, net | 0 | 280,000 | ||
| Non-current assets - discontinued operations | 0 | - | ||
| Total assets | 168,907,706 | 205,871,933 | ||
| Trade payables | 1,093,529 | 4,247,649 | ||
| Non-trade payables | 474,407 | 968,970 | ||
| Accounts payable - related party | 51,610,947 | 9,014,288 | ||
| Accrued expenses | 391,401 | 606,941 | ||
| Accrued litigation settlement | 1,848,553 | 14,343,928 | ||
| Accrued interest | 54,849 | 2,131,042 | ||
| Other current liabilities | - | 100,000 | ||
| Bond payable, current | - | 43,636,752 | ||
| Current portion of long-term debt | - | 2,077,328 | ||
| Operating lease liabilities, current | 139,918 | 91,576 | ||
| Operating lease liabilities, current - related party | 1,247,151 | 727,371 | ||
| Finance lease - related party, current | - | 363,296 | ||
| Other financing obligations, current | 4,349,613 | 6,493,706 | ||
| Current liabilities - discontinued operations | 0 | - | ||
| Total current liabilities | 61,210,368 | 84,802,847 | ||
| Remediation liability | - | 22,279,905 | ||
| Bond payable, net | - | 149,729,753 | ||
| Convertible promissory note | - | 500,250 | ||
| Convertible promissory note - related party | - | 1,611,166 | ||
| Long term debt | 965,286 | - | ||
| Other financing obligations, net of current portion | 12,167,536 | 6,222,602 | ||
| Operating lease liabilities, non-current | 453,179 | 677,168 | ||
| Operating lease liabilities, non-current - related party | 922,411 | 1,381,455 | ||
| Finance lease - related party, non-current | - | 19,718,597 | ||
| Non-current liabilities - discontinued operations | 0 | - | ||
| Total liabilities | 75,718,780 | 286,923,743 | ||
| 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 | -265,905,115 | ||
| Total stockholders' equity (deficit) | 94,777,118 | -79,490,144 | ||
| Non-controlling interest | -1,588,192 | -1,561,666 | ||
| Total equity (deficit) | 93,188,926 | -81,051,810 | ||
| Total liabilities and stockholders' equity (deficit) | 168,907,706 | 205,871,933 | ||
American Resources Corp (AREC)
American Resources Corp (AREC)