arec: the income statement

MyFinsight

American Resources Corp (AREC)

For the quarter ending 2024-09-30, AREC made $235,443 in revenue. -$9,206,768 in net income. Net profit margin of -3910.40%.

Unit: Dollar

	2024-09-30
Total revenue	235,443
Production taxes and royalties	876,503
Professional fees	682,525
General and administrative	3,936,598
Development	78,809
Depreciation expense	584,083
Amortization of mining rights	302,103
Accretion	248,295
Coal production and holdings costs	1,784,863
Total operating expenses	8,493,779
Net loss from operations	-8,258,336
Other income and (expense)	-32,101
Interest income	7,527
Interest expense, operating and nonoperating	774,478
Earnings from equity method investees	-164,845
Total other income (expenses)	-963,897
Net loss	-9,222,233
Less non-controlling interest	15,465
Net loss attributable to arec shareholders	-9,206,768

Basic & diluted eps	-0.12

Unit: Dollar