For the quarter ending 2025-09-30, AREC has $202,357,184 in assets. $297,419,289 in debts. $2,081,780 in cash and cash equivalents.
| Balance Sheets | 2025-09-30 | 2025-03-31 | 2024-12-31 | |
|---|---|---|---|---|
| Cash and cash equivalents | 2,081,780 | 24,623 | 604,485 | |
| Restricted cash - current | 615,072 | 357,010 | 2,353,473 | |
| Restricted investments - current | 2,621,434 | 4,798,958 | 4,500,000 | |
| Short-term investments | 0 | 0 | 587,357 | |
| Due from related party | 730,000 | 1,121,243 | 1,081,243 | |
| Interest receivables | 85,991 | 85,991 | 85,991 | |
| Receivables | 18,233 | 37,305 | 6,675 | |
| Inventories | 1,078,289 | 1,078,289 | 959,989 | |
| Prepaid expenses and other current assets | 1,165,154 | 1,127,207 | 1,145,826 | |
| Total current assets | 8,395,953 | 8,630,626 | 11,325,039 | |
| Restricted cash | 4,003,623 | 154,021,410 | 1,155,371 | |
| Restricted investments | 150,053,029 | 48,217 | 151,253,539 | |
| Property and equipment, net | 16,716,914 | 17,321,728 | 18,296,477 | |
| Right-of-use assets, net | 640,180 | 686,915 | 712,352 | |
| Right-of-use assets, net - related party | 1,464,194 | 1,650,831 | 1,735,407 | |
| Finance - right-of-use asset, net - related party | 19,028,615 | 19,281,208 | 19,407,504 | |
| Investment in other entities - related parties | 2,054,676 | 1,695,378 | 1,706,244 | |
| Notes receivable, net | 0 | 280,000 | 280,000 | |
| Total assets | 202,357,184 | 203,616,313 | 205,871,933 | |
| Trade payables | 5,662,941 | 3,898,304 | 4,247,649 | |
| Non-trade payables | 1,192,375 | 1,302,787 | 968,970 | |
| Accounts payable - related party | 4,756,378 | 8,959,649 | 9,014,288 | |
| Accrued expenses | 392,314 | 549,442 | 606,941 | |
| Accrued litigation settlement | 14,523,434 | 14,403,105 | 14,343,928 | |
| Accrued interest | 4,380,210 | 4,560,764 | 2,131,042 | |
| Other current liabilities | 141,200 | 100,000 | 100,000 | |
| Bond payable, current | 43,712,978 | 43,662,174 | 43,636,752 | |
| Current portion of long term debt | 1,503,328 | 2,077,328 | 2,077,328 | |
| Operating lease liabilities, current | 192,637 | 95,308 | 91,576 | |
| Convertible promissory note, current | 750,520 | - | - | |
| Operating lease liabilities - related party, current | 1,142,905 | 375,978 | 727,371 | |
| Finance lease - related party, current | 1,443,385 | 362,984 | 363,296 | |
| Other financing obligations, current | 4,990,072 | 5,621,956 | 6,493,706 | |
| Total current liabilities | 84,784,677 | 85,969,779 | 84,802,847 | |
| Remediation liability | 23,023,536 | 22,528,196 | 22,279,905 | |
| Bond payable, net | 149,740,263 | 149,733,243 | 149,729,753 | |
| Convertible promissory note | 5,922,060 | 1,950,250 | 500,250 | |
| Convertible promissory note - related party | 1,656,218 | 1,611,166 | 1,611,166 | |
| Long term debt | 965,286 | - | - | |
| Other financing obligations, net of current portion | 9,680,538 | 5,721,152 | 6,222,602 | |
| Operating lease liabilities, non-current | 598,353 | 651,915 | 677,168 | |
| Operating lease liabilities, non-current - related party | 1,082,654 | 1,286,337 | 1,381,455 | |
| Finance lease - related party, non current | 19,965,704 | 19,809,397 | 19,718,597 | |
| Total liabilities | 297,419,289 | 289,261,435 | 286,923,743 | |
| Common stock, 0.0001 par value 230,000,000 shares authorized, 85,976,023 and 77,996,079 shares issued and outstanding as of september 30, 2025 december 31, 2024, respectively | 8,452 | 8,046 | 7,802 | |
| Additional paid-in capital | 195,414,969 | 188,469,652 | 186,407,169 | |
| Accumulated deficit | -276,098,376 | -272,557,878 | -265,905,115 | |
| Total stockholders' deficit | -80,674,955 | -84,080,180 | -79,490,144 | |
| Non-controlling interest | -14,387,150 | -1,564,942 | -1,561,666 | |
| Total deficit | -95,062,105 | -85,645,122 | -81,051,810 | |
| Total liabilities and stockholders' deficit | 202,357,184 | 203,616,313 | 205,871,933 | |
American Resources Corp (AREC)
American Resources Corp (AREC)