The latest financial statement is for the year ending 2025-12-31.
| Cash Flow | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income (loss) | -55,385,211 | - |
| Net income (loss) from discontinued operations | 73,219,707 | - |
| Net loss | - | -39,338,806 |
| Net loss from continuing operations | 17,834,496 | - |
| Stock-based compensation expense | 9,235,377 | 3,725,484 |
| Depreciation expense | 122,916 | 2,185,332 |
| Amortization of mining rights | - | 1,235,932 |
| Accretion expense | - | 991,520 |
| Amortization of finance right-to-use assets - related party | - | 378,888 |
| Amortization of issuance costs and debt discount | - | 112,143 |
| Investment in other entities - related parties, net | - | 409,268 |
| Gain on sale of equipment | - | 400,000 |
| Loss on settlement/conversion of debt to equity | 5,193,382 | - |
| Issuance of common shares for services | - | 143,575 |
| Interest and dividend income | 559,476 | - |
| Allowance for losses on due from related party | - | 190,000 |
| Investment in other entities - related parties, net | 84,063 | - |
| Allowance for losses on note receivable | - | 99,022 |
| Issuance of common shares for consulting services | 83,969 | - |
| Unrealized gain on short-term investments | - | -45,514 |
| Allowance for losses on note receivable | -280,000 | - |
| Interest receivable | 0 | 85,991 |
| Receivables | - | 6,675 |
| Due from related party | - | 530,000 |
| Inventories | - | 829,998 |
| Accounts receivable - related party | 1,970,096 | - |
| Prepaid expenses and other current assets | 2,015,109 | -583,825 |
| Trade and non-trade payable | - | 894,571 |
| Accounts payable related party | - | 6,052,168 |
| Trade and non-trade payable | -2,989,695 | - |
| Accrued expenses | -608,180 | 295,132 |
| Accrued litigation settlement | - | 240,658 |
| Accrued interest | -13,616 | 1,691,551 |
| Other current liabilities | - | 0 |
| Accrued interest on finance lease liability - related party | - | 295,499 |
| Operating lease assets and liabilities, net | -81,863 | -4,755 |
| Operating lease assets and liabilities, net - related party | -497,253 | 373,420 |
| Cash used in operating activities | - | -21,243,213 |
| Cash (used in) provided by operating activities | -10,411,845 | - |
| Purchase of property and equipment, net of capitalized interest income and (expense) | 37,297 | 1,059,062 |
| Proceeds from sale of equipment | - | 400,000 |
| Purchase of certificate of deposit | -5,000,000 | - |
| Proceeds from short-term investments, net | 0 | 715,038 |
| Purchases of short-term investments/securities | 34,323,318 | 151,253,539 |
| Restricted investments sold | - | 25,797,202 |
| Cash used in investing activities | - | -125,400,361 |
| Proceeds from tax exempt bonds, net | - | 149,719,203 |
| Proceeds from convertible promissory note | - | 500,250 |
| Proceeds from convertible promissory note - related party | - | 142,471 |
| Cash (used in) provided by investing activities | -39,360,615 | - |
| Proceeds from the exercise of stock option | - | 156,900 |
| Proceeds from equity offering, net of issuance costs | 68,123,675 | - |
| Proceeds received from other financing obligation | - | 2,493,819 |
| Proceeds from long-term debt | 965,286 | - |
| Exercise of warrants for common stock | 7,525,000 | 32,339 |
| Proceeds from current portion of long-term debt | - | 0 |
| Repayment on current portion of long-term debt | - | 0 |
| Proceeds received from other financing obligation | 8,071,908 | - |
| Repayments of other financing obligation | 3,412,948 | 7,365,639 |
| Cash provided by financing activities | - | 145,679,343 |
| Cash provided by (used in) financing activities | 81,272,921 | - |
| Net change in cash, cash equivalents and restricted cash from continuing operations | 31,500,460 | -964,231 |
| Cash and cash equivalents at beginning of period | - | 5,077,560 |
| Cash and cash equivalents at end of period | - | 4,113,329 |
American Resources Corp (AREC)
American Resources Corp (AREC)