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Net loss
attributable to arec...
-$39,250,992
Less
non-controlling interest
-$87,814
Net loss
-$39,338,806
Royalty income
$159,737
Metal recovery and
sales
$108,535
Service fee revenue
$99,960
Coal sales
$15,002
Net loss from
operations
-$32,231,128
Total other income
(expenses)
-$7,107,678
Total revenue
$383,234
Interest income
$1,101,578
Other income and
(expense)
$221,471
Total operating
expenses
$32,614,362
Interest expense
$8,021,459
Gain on sale of
equipment
$400,000
Earnings from equity
method investees
-$409,268
General and
administrative
$21,024,382
Professional fees
$2,625,898
Cost of coal sales and
processing
$2,526,975
Depreciation
$2,185,332
Development
$2,148,132
Amortization of mining rights
$1,235,932
Accretion
$991,520
Litigation expense
$240,658
Production taxes and
royalties
$35,533
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Income Statement
source: myfinsight.com
American Resources Corp (AREC)
American Resources Corp (AREC)