Financial insights of AREC

MyFinsight

For the year ending 2024-12-31, AREC made $383,234 in revenue. -$39,250,992 in net income. Net profit margin of -10242.04%.

Unit: Dollar

Income Statement	2024-12-31
Total revenue	383,234
Cost of coal sales and processing	2,526,975
Accretion	991,520
Depreciation	2,185,332
Amortization of mining rights	1,235,932
General and administrative	21,024,382
Professional fees	2,625,898
Litigation expense	240,658
Production taxes and royalties	35,533
Development	2,148,132
Gain on sale of equipment	400,000
Total operating expenses	32,614,362
Net loss from operations	-32,231,128
Earnings from equity method investees	-409,268
Other income and (expense)	221,471
Interest income	1,101,578
Interest expense	8,021,459
Total other income (expenses)	-7,107,678
Net loss	-39,338,806
Less non-controlling interest	-87,814
Net loss attributable to arec shareholders	-39,250,992

Net loss per share - basic and diluted	-0.51
Weighted average shares outstanding - basic and diluted	77,222,990