| Balance Sheets | 2025-09-30 | 2025-03-31 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 2,081,780 | 24,623 | ||
| Restricted cash - current | 615,072 | 357,010 | ||
| Restricted investments - current | 2,621,434 | 4,798,958 | ||
| Short-term investments | 0 | 0 | ||
| Due from related party | 1,121,243 | 1,121,243 | ||
| Interest receivables | 85,991 | 85,991 | ||
| Receivables | 18,233 | 37,305 | ||
| Inventories | 1,078,289 | 1,078,289 | ||
| Prepaid expenses and other current assets | 1,165,154 | 1,127,207 | ||
| Total current assets | 8,787,196 | 8,630,626 | ||
| Restricted cash | 4,003,623 | 154,021,410 | ||
| Restricted investment | 150,053,029 | 48,217 | ||
| Property and equipment, net | 15,574,106 | 17,321,728 | ||
| Right-of-use assets, net | 640,180 | 686,915 | ||
| Right-of-use assets, net - related party | 1,464,194 | 1,650,831 | ||
| Finance - right-of-use asset, net - related party | 19,028,615 | 19,281,208 | ||
| Investment in other entities - related parties | 1,649,446 | 1,695,378 | ||
| Notes receivable, net | 0 | 280,000 | ||
| Total assets | 201,200,389 | 203,616,313 | ||
| Trade payables | 4,602,035 | 3,898,304 | ||
| Non-trade payables | 1,192,375 | 1,302,787 | ||
| Accounts payable - related party | 5,817,283 | 8,959,649 | ||
| Accrued expenses | 368,242 | 549,442 | ||
| Accrued litigation settlement | 14,523,434 | 14,403,105 | ||
| Accrued interest | 3,265,605 | 4,560,764 | ||
| Other current liabilities | 141,200 | 100,000 | ||
| Bond payable, current | 43,712,978 | 43,662,174 | ||
| Current portion of long term debt | 1,503,328 | 2,077,328 | ||
| Operating lease liabilities, current | 192,637 | 95,308 | ||
| Convertible promissory note current | 725,000 | - | ||
| Operating lease liabilities, current - related party | 1,142,905 | 375,978 | ||
| Finance lease - related party, current | 1,443,385 | 362,984 | ||
| Other financing obligations, current | 4,990,072 | 5,621,956 | ||
| Total current liabilities | 83,620,479 | 85,969,779 | ||
| Remediation liability | 23,023,536 | 22,528,196 | ||
| Bond payable, net | 149,740,263 | 149,733,243 | ||
| Convertible promissory note | 5,614,699 | 1,950,250 | ||
| Convertible promissory note - related party | 1,910,896 | 1,611,166 | ||
| Long term debt | 965,286 | - | ||
| Other financing obligations, net of current portion | 9,680,538 | 5,721,152 | ||
| Operating lease liabilities, non-current | 598,353 | 651,915 | ||
| Operating lease liabilities, non-current - related party | 1,082,654 | 1,286,337 | ||
| Finance lease - related party, non-current | 19,965,704 | 19,809,397 | ||
| Total liabilities | 296,202,408 | 289,261,435 | ||
| Common stock, 0.0001 par value 230,000,000 shares authorized, 80,491,849 and 77,996,079 shares issued and outstanding as of march 31, 2025 december 31, 2024, respectively | 8,452 | 8,046 | ||
| Additional paid-in capital | 194,077,140 | 188,469,652 | ||
| Accumulated deficit | -287,519,895 | -272,557,878 | ||
| Total stockholders' deficit | -93,434,303 | -84,080,180 | ||
| Non-controlling interest | -1,567,716 | -1,564,942 | ||
| Total deficit | -95,002,019 | -85,645,122 | ||
| Total liabilities and stockholders' deficit | 201,200,389 | 203,616,313 | ||
American Resources Corp (AREC)
American Resources Corp (AREC)