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