2023 Q4 Form 10-Q Financial Statement
#000121390023088847 Filed on November 20, 2023
Income Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q4 |
---|---|---|---|
Revenue | $0.00 | ||
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $104.8K | -$138.1K | |
YoY Change | -30.33% | -259.64% | |
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | |||
YoY Change | |||
% of Gross Profit | |||
Operating Expenses | $104.8K | -$138.1K | |
YoY Change | -30.33% | -259.64% | |
Operating Profit | -$104.8K | ||
YoY Change | -30.33% | ||
Interest Expense | $196.7K | -$194.2K | |
YoY Change | 3.32% | 13.51% | |
% of Operating Profit | |||
Other Income/Expense, Net | -$194.6K | $2.100K | |
YoY Change | 12.4% | 0.0% | |
Pretax Income | -$299.3K | -$54.01K | |
YoY Change | -7.46% | -7.26% | |
Income Tax | $0.00 | ||
% Of Pretax Income | |||
Net Earnings | -$299.3K | -$54.01K | |
YoY Change | -7.46% | -7.26% | |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$0.05 | ||
Diluted Earnings Per Share | -$0.05 | -$0.02 | |
COMMON SHARES | |||
Basic Shares Outstanding | 14.42M shares | 12.92M shares | 2.675M shares |
Diluted Shares Outstanding |
Balance Sheet
Concept | 2023 Q4 | 2023 Q3 | 2022 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $1.170K | $1.250K | |
YoY Change | 37.65% | -47.03% | |
Cash & Equivalents | $36.25K | $1.170K | $1.251K |
Short-Term Investments | |||
Other Short-Term Assets | $212.7K | ||
YoY Change | |||
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $36.39K | $1.170K | $1.251K |
YoY Change | 2809.19% | 37.81% | -47.06% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $3.884M | $3.884M | |
YoY Change | 0.0% | 0.0% | |
Goodwill | $7.713M | ||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $8.772M | $11.60M | $3.884M |
YoY Change | 125.88% | 198.6% | 0.0% |
TOTAL ASSETS | |||
Total Short-Term Assets | $36.39K | $1.170K | $1.251K |
Total Long-Term Assets | $8.772M | $11.60M | $3.884M |
Total Assets | $8.809M | $11.60M | $3.885M |
YoY Change | 126.75% | 198.57% | -0.03% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.333M | $1.288M | $1.133M |
YoY Change | 17.66% | 8.09% | -1.32% |
Accrued Expenses | $1.436M | $7.212M | |
YoY Change | -79.53% | 11.64% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $4.006M | |
YoY Change | -100.0% | 8.52% | |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $3.265M | $2.724M | $12.35M |
YoY Change | -73.56% | -77.85% | 9.31% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Other Long-Term Liabilities | |||
YoY Change | |||
Total Long-Term Liabilities | $0.00 | $0.00 | |
YoY Change | |||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $3.265M | $2.724M | $12.35M |
Total Long-Term Liabilities | $0.00 | $0.00 | |
Total Liabilities | $2.724M | $12.35M | |
YoY Change | -77.85% | 9.31% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$107.9M | -$107.4M | -$106.5M |
YoY Change | 1.32% | 0.91% | 1.0% |
Common Stock | $14.42K | $106.3M | $2.674K |
YoY Change | 439.23% | 3975981.26% | 0.0% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$4.244M | -$1.127M | -$18.47M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $8.809M | $11.60M | $3.885M |
YoY Change | 126.75% | 198.57% | -0.03% |
Cashflow Statement
Concept | 2023 Q4 | 2023 Q3 | 2022 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$299.3K | -$54.01K | |
YoY Change | -7.46% | -7.26% | |
Depreciation, Depletion And Amortization | |||
YoY Change | |||
Cash From Operating Activities | -$80.00 | $400.00 | |
YoY Change | -88.41% | 66.67% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | |||
YoY Change | |||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | |||
YoY Change | |||
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | |||
YoY Change | |||
NET CHANGE | |||
Cash From Operating Activities | -80.00 | 400.0 | |
Cash From Investing Activities | |||
Cash From Financing Activities | |||
Net Change In Cash | -80.00 | 400.0 | |
YoY Change | -88.41% | 66.67% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$80.00 | $400.00 | |
Capital Expenditures | |||
Free Cash Flow | |||
YoY Change |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
CY2023Q3 | us-gaap |
Revenues
Revenues
|
usd | |
CY2022Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | ||
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
usd | ||
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2023-09-30 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2023 | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity File Number
EntityFileNumber
|
000-14319 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
AMERICAN CLEAN RESOURCES GROUP, INC. | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
NV | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
84-0991764 | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
12567 West Cedar Drive | ||
dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
Suite 230 | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Lakewood | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
CO | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
80228-2039 | ||
dei |
City Area Code
CityAreaCode
|
720 | ||
dei |
Local Phone Number
LocalPhoneNumber
|
458-1124 | ||
dei |
Security12b Title
Security12bTitle
|
Common Stock $0.001 par value | ||
dei |
Trading Symbol
TradingSymbol
|
ACRG | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Non-accelerated Filer | ||
dei |
Entity Small Business
EntitySmallBusiness
|
true | ||
dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | ||
dei |
Entity Shell Company
EntityShellCompany
|
false | ||
CY2023Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
14418760 | shares |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1170 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1251 | usd |
CY2023Q3 | us-gaap |
Assets Current
AssetsCurrent
|
1170 | usd |
CY2022Q4 | us-gaap |
Assets Current
AssetsCurrent
|
1251 | usd |
CY2023Q3 | us-gaap |
Mineral Rights
MineralRights
|
3883524 | usd |
CY2022Q4 | us-gaap |
Mineral Rights
MineralRights
|
3883524 | usd |
CY2023Q3 | us-gaap |
Assets Net
AssetsNet
|
3883524 | usd |
CY2022Q4 | us-gaap |
Assets Net
AssetsNet
|
3883524 | usd |
CY2023Q3 | us-gaap |
Goodwill
Goodwill
|
7712730 | usd |
CY2023Q3 | us-gaap |
Other Assets
OtherAssets
|
7712730 | usd |
CY2023Q3 | us-gaap |
Assets
Assets
|
11597424 | usd |
CY2022Q4 | us-gaap |
Assets
Assets
|
3884775 | usd |
CY2022Q4 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
1299527 | usd |
CY2022Q4 | us-gaap |
Loss Contingency Accrual Carrying Value Current
LossContingencyAccrualCarryingValueCurrent
|
3703736 | usd |
CY2023Q3 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1287774 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Current
AccountsPayableCurrent
|
1132614 | usd |
CY2023Q3 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
0 | usd |
CY2022Q4 | us-gaap |
Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
|
2286109 | usd |
CY2023Q3 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
1436350 | usd |
CY2022Q4 | us-gaap |
Interest Payable Current
InterestPayableCurrent
|
3508735 | usd |
CY2023Q3 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
2724124 | usd |
CY2022Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
12351299 | usd |
CY2023Q3 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
10000000 | usd |
CY2022Q4 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
10000000 | usd |
CY2023Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2023Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2023Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
14418760 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
14418760 | shares |
CY2023Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
14418760 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
14418760 | shares |
CY2023Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
14419 | usd |
CY2022Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
2674 | usd |
CY2023Q3 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
106305994 | usd |
CY2022Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
88061298 | usd |
CY2023Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-107447113 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-106530496 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1126700 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-18466524 | usd |
CY2023Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
11597424 | usd |
CY2022Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
3884775 | usd |
CY2023Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
104754 | usd |
CY2022Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
150355 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
311319 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
462061 | usd | |
CY2023Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
104754 | usd |
CY2022Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
150355 | usd |
us-gaap |
Operating Expenses
OperatingExpenses
|
311319 | usd | |
us-gaap |
Operating Expenses
OperatingExpenses
|
462061 | usd | |
CY2023Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-104754 | usd |
CY2022Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-150355 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-311319 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-462061 | usd | |
CY2023Q3 | us-gaap |
Other Income
OtherIncome
|
2098 | usd |
CY2022Q3 | us-gaap |
Other Income
OtherIncome
|
2098 | usd |
us-gaap |
Other Income
OtherIncome
|
6296 | usd | |
us-gaap |
Other Income
OtherIncome
|
6296 | usd | |
CY2022Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
15138 | usd |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
57572 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
15138 | usd | |
CY2023Q3 | us-gaap |
Interest Expense
InterestExpense
|
196666 | usd |
CY2022Q3 | us-gaap |
Interest Expense
InterestExpense
|
190345 | usd |
us-gaap |
Interest Expense
InterestExpense
|
669166 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
558004 | usd | |
CY2023Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-194569 | usd |
CY2022Q3 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-173109 | usd |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-605298 | usd | |
us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-536570 | usd | |
CY2023Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-299324 | usd |
CY2022Q3 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-323464 | usd |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-916617 | usd | |
us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-998631 | usd | |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-299324 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-323464 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-916617 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-998631 | usd | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.05 | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.12 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.2 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.37 | ||
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
5607779 | shares |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
2674530 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4640633 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
2674530 | shares | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-916617 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-998631 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
57572 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
15138 | usd | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-262393 | usd | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-395496 | usd | |
us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
-669166 | usd | |
us-gaap |
Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
|
-58755 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
409595 | usd | |
acrg |
Reduction In Provision For Settlement Of Lawsuit
ReductionInProvisionForSettlementOfLawsuit
|
42549 | usd | |
acrg |
Reduction In Provision For Settlement Of Lawsuit
ReductionInProvisionForSettlementOfLawsuit
|
148409 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-81 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1514 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-81 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-1514 | usd | |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1251 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2363 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1170 | usd |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
849 | usd |
acrg |
Advances From Related Party To Pay Expenses
AdvancesFromRelatedPartyToPayExpenses
|
262393 | usd | |
acrg |
Advances From Related Party To Pay Expenses
AdvancesFromRelatedPartyToPayExpenses
|
395496 | usd | |
acrg |
Consolidation Of Debt And Accrued Interest Due To Related Party
ConsolidationOfDebtAndAccruedInterestDueToRelatedParty
|
8779594 | usd | |
acrg |
Conversion Of Debt And Accrued Interest
ConversionOfDebtAndAccruedInterest
|
10756441 | usd | |
us-gaap |
Stock Issued1
StockIssued1
|
7500000 | usd | |
acrg |
Liabilities Assumed Due To Purchase Of Swis
LiabilitiesAssumedDueToPurchaseOfSWIS
|
212731 | usd | |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-17413884 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-307456 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-17721340 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-367710 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-18089051 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-323464 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-18412515 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-18466524 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-195357 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-18661881 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-421936 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-19083817 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
7500000 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
10756441 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-299324 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-1126700 | usd |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>NOTE 1 – NATURE OF BUSINESS</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">American Clean Resources Group, Inc. (“we,” “us,” “our,” “ACRG” or the “Company”) is an exploration stage company, incorporated in Nevada, having an office in Lakewood, Colorado and through its subsidiary, a property in Tonopah, Nevada. The business plan is to purchase equipment and build a facility on the Tonopah property to serve as a permitted custom processing toll milling facility (which includes an analytical lab, pyrometallurgical plant, and hydrometallurgical recovery plant).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company plans to perform permitted custom processing toll milling which is a process whereby mined material is crushed and ground into fine particles to ease the extraction of any precious minerals contained therein, such as minerals in the gold, silver, and platinum metal groups. Custom milling and refining can include many different processes that are designed specifically for each ore load and to maximize the extraction of precious metals from carbon or concentrates. These toll-processing services also distil, dry, mix, or mill chemicals and bulk materials on a contractual basis and provide a chemical production outsourcing option for industrial companies, which lack the expertise, capacity, or regulatory permits for in-house production.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We are required to obtain several permits before we can begin construction of a small-scale mineral processing facility to conduct permitted processing toll milling activities and construction of the required additional buildings and well relocation necessary for us to commence operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>On September 13, 2023, American Clean Resources Group, Inc. (the “Company”) executed an agreement to acquire a 100% interest in SWIS, L.L.C. (“SWIS”). The Company issued 1,500,000 shares of restricted common stock in exchange for a 100% interest in SWIS. The Company believes this acquisition will help strengthen our economics and further our goal to decrease our environmental impact and promote environmentally conscious operations</span>. SWIS was incorporated in the state of Kentucky and is operating out of a Company office in Louisville, Kentucky.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; ">SWIS has developed an algorithm and a “smart” device that provides essential information to improve water quality from Combined Sewer Overflow (“CSO”). Recently, we have assigned the patent to the University of Louisville (“UofL”) with the intent to commercialize the solution on behalf of the university, community, state and country. More importantly, SWIS along with other fellow entrepreneurs and environmental stewards have assembled a team to launch SWIS, with stakeholders from U. of L, Municipal Sewer Districts (“MSD”), and several state governments. SWIS is actively ready to launch a pilot project to test its modernized approach to CSO Public Notification Programs. Currently, the patented algorithm is on standby for integration into “smart” plugs that will be used for non-invasive in-home notification. An implementation playbook has been designed for municipal use. SWIS has a management team well versed in the necessary strategies for market penetration and adoption and looks to test its behavior modification program abilities with the University of Louisville.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; "> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; ">Combined Sewer Systems (“CSS”) were built over a century ago with the intention to divert wastewater away from households. CSS collect rainwater runoff, domestic sewage, and industrial wastewater into a single pipe system, which then transports the combined wastewater to a treatment plant. When the aged CSS is overwhelmed, the result is untreated wastewater being discharged directly into public waterways, such as creeks, streams, rivers, and other local bodies of water referred to as CSO. The resulting discharges of pollutants into public waterways increases the amount of suspended solids from point-source origins introduced to the ecosystem, creating a significant health hazard for wildlife and humans exposed to these waterways, historically tied to disease transmission. These violate the Clean Water Act and result in significant repercussions from the EPA. Currently, over forty million people in 700+ municipalities nationwide live in a municipality with a CSS.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; "> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; ">Current solutions rely predominantly on inadequate Public Notification Programs to prevent water use at the source, the household, during high-risk CSO times. The current Public Notification Programs utilized by all municipalities in a CSS entails email signups, website banners, pamphlets, signs, etc., which remains arduous and ineffective. This antiquated, ineffective approach creates the immediate need to develop a modern, real-time notification system that gives individual households and facilities the immediately ability to positively modify their water use behavior resulting in a decrease in harmful point source pollutants unknowingly and unnecessarily being introduced to public waterways.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; "> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; ">This project would greatly contribute to the universities’ expanding sustainability program and would put UofL and SWIS in an advanced position to compete to be one of six universities in the US that the EPA will chose as stormwater research hubs. With the completion of a successful Research Project, these stated goals and deliverables would revolutionize a major component of the $1 trillion water infrastructure issue plaguing a growing population and prime UofL and SWIS for nationwide Public Notification Program adoption. The development of our platform will modernize Public Education and Notification Programs that will significantly reduce the monetary cost and health risk of CSO events for municipalities worldwide. The results to be discovered at UofL will give SWIS data and information capable of educating citizens of developed cities across the globe and seamlessly integrating newly developed nations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Going Concern</i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The accompanying condensed consolidated financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”), assuming we will continue as a going concern, which contemplates the realization of assets and satisfaction of liabilities in the normal course of business. For the nine months ended September 30, 2023, the Company incurred net losses from operations of $916,617. At September 30, 2023, the Company had an accumulated deficit of $107,447,113 and a working capital deficit of $2,722,955. In addition, virtually all of the Company’s assets are encumbered or pledged under a senior secured convertible promissory note payable to a related party. These circumstances raise substantial doubt about the Company’s ability to continue as a going concern. Our ability to continue as a going concern is dependent on our ability to raise the required additional capital or debt financing to meet short and long-term operating requirements. During the nine months ended September 30, 2023, the Company had $311,319 of expenses, and $2,724,124 of accounts payable and accrued interest, plus a legal judgement sold by their holders, that were purchased directly by Granite Peak Resources, LLC (“GPR”), a related party and the Company’s convertible line of credit with GPR was increased by this same amount. During the year ended December 31, 2022, the Company had $314,433 of expenses that were paid directly by GPR, a related party and the Company’s convertible line of credit with GPR was increased by this same amount. (See Note 4).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Management believes that private placements of equity capital and/or additional debt financing will be needed to fund our long-term operating requirements. The Company may also encounter business endeavors that require significant cash commitments or unanticipated problems or expenses that could result in a requirement for additional cash. If the Company raises additional funds through the issuance of equity or convertible debt securities, the percentage ownership of our current shareholders could be reduced, and such securities might have rights, preferences, or privileges senior to our common stock. Additional financing may not be available on acceptable terms, or at all. If adequate funds are not available or are not available on acceptable terms, the Company may not be able to take advantage of prospective business endeavors or opportunities, which could significantly and materially restrict our operations. We are continuing to pursue external financing alternatives to improve our working capital position. If the Company is unable to obtain the necessary capital, the Company may have to cease operations.</p> | ||
us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
1500000 | usd | |
us-gaap |
Payment For Management Fee
PaymentForManagementFee
|
40000000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
916617 | usd | |
CY2023Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-107447113 | usd |
CY2023Q3 | acrg |
Working Capital Deficit
WorkingCapitalDeficit
|
2722955 | usd |
us-gaap |
Interest Expense Other
InterestExpenseOther
|
311319 | usd | |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Use of Estimates</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Preparing condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. </p> | ||
us-gaap |
Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Revenue Recognition and Deferred Revenue</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">As of September 30, 2023 and December 31, 2022, we have recorded no revenues from custom permitted processing toll milling. If we achieve revenue generation, the Company plans to report such revenues consistent with ASC Topic 606 <i>Revenues from Contracts with Customers</i>.</p> | ||
CY2023Q3 | us-gaap |
Excess Stock Shares Issued
ExcessStockSharesIssued
|
0 | shares |
CY2022Q4 | us-gaap |
Excess Stock Shares Issued
ExcessStockSharesIssued
|
846499 | shares |
CY2023Q3 | srt |
Gas And Oil Area Developed Net
GasAndOilAreaDevelopedNet
|
1086 | acre |
us-gaap |
Revenue Recognition Customer Acquisitions
RevenueRecognitionCustomerAcquisitions
|
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><i>Acquisition</i></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span>On September 13, 2023, the Company executed an agreement to acquire a 100% interest in SWIS, L.L.C. (“SWIS”). The Company issued 1,500,000 shares of restricted common stock in exchange for a 100% interest in SWIS. The Company believes this acquisition will help strengthen our economics and further our goal of decreasing our environmental impact and promoting environmentally conscious operations</span>.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Under the terms of the purchase agreement, the purchase price paid to the sellers was an aggregate of $7,500,000 which was paid through the issuance of 1,500,000 shares of the Company’s common stock, or $5.00 per share, which was the fair value of the stock on the closing date.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The provisional fair value of the purchase consideration issued to the Seller was allocated to the net tangible assets acquired. The Company accounted for the SWIS acquisition as the purchase of a business under GAAP under the acquisition method of accounting, and the assets and liabilities acquired were recorded as of the acquisition date, at their respective fair values and consolidated with those of the Company. The fair value of the net assets acquired was approximately $7,500,000. The excess of the aggregate fair value of the net tangible assets has been allocated to goodwill.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; ">The table below shows an analysis for the SWIS acquisition:</p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Provisional Purchase Consideration at preliminary fair value:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="width: 88%; padding-bottom: 1.5pt; padding-left: 6pt">Purchase price</td><td style="width: 1%; padding-bottom: 1.5pt"> </td> <td style="width: 1%; border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="width: 9%; border-bottom: Black 1.5pt solid; text-align: right">7,500,000</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 4pt">Amount of consideration</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">7,500,000</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="font-weight: bold; text-align: left">Assets acquired and liabilities assumed at preliminary fair value</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 6pt">Inventories</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-38">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 6pt">Product/Technology related intangibles</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-39">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 6pt">Marketing related intangibles</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-40">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-left: 6pt">Customer related intangibles</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-41">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-left: 6pt">Accounts payable and accrued expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(212,730</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt; padding-left: 6pt">Other liabilities</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-42">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 4pt">Net assets acquired</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">(212,730</td><td style="padding-bottom: 4pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Total net assets acquired</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">(212,730</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td style="text-align: left; padding-bottom: 1.5pt">Consideration paid</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">7,500,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 4pt">Preliminary goodwill</td><td style="padding-bottom: 4pt"> </td> <td style="border-bottom: Black 4pt double; text-align: left">$</td><td style="border-bottom: Black 4pt double; text-align: right">7,712,730</td><td style="padding-bottom: 4pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; ">The unaudited pro-forma results of operations are presented for information purposes only. The unaudited pro-forma results of operations are not intended to present actual results that would have been attained had the SWIS acquisition been completed as of January 1, 2023, or to project potential operating results as of any future date or for any future periods.</p><table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold"> </td> <td colspan="6" style="font-weight: bold; text-align: center">For the Nine Months Ended</td><td style="font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="6" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">September 30,</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2023</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">2022</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Revenues, net</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-43">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-44">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="width: 76%; text-align: left">Net loss allocable to common shareholders</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">(1,120,068</td><td style="width: 1%; text-align: left">)</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">(998,631</td><td style="width: 1%; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Net loss per share</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(0.24</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(0.37</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; "> <td>Weighted average number of shares outstanding</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,640,633</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,674,530</td><td style="text-align: left"> </td></tr> </table> | ||
CY2023Q3 | us-gaap |
Investment Interest Rate
InvestmentInterestRate
|
1 | pure |
us-gaap |
Stockholders Equity Other Shares
StockholdersEquityOtherShares
|
1500000 | shares | |
acrg |
Aggregate Amount
AggregateAmount
|
7500000 | usd | |
us-gaap |
Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
|
1500000 | shares | |
CY2023Q3 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
5 | |
CY2023Q3 | us-gaap |
Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
|
7500000 | usd |
CY2023Q3 | acrg |
Purchase Price
PurchasePrice
|
7500000 | usd |
CY2023Q3 | us-gaap |
Asset Acquisition Contingent Consideration Liability
AssetAcquisitionContingentConsiderationLiability
|
7500000 | usd |
CY2023Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
212730 | usd |
CY2023Q3 | us-gaap |
Other Assets Current
OtherAssetsCurrent
|
212730 | usd |
CY2023Q3 | us-gaap |
Other Assets Fair Value Disclosure
OtherAssetsFairValueDisclosure
|
212730 | usd |
CY2023Q3 | us-gaap |
Contingent Consideration Classified As Equity Fair Value Disclosure
ContingentConsiderationClassifiedAsEquityFairValueDisclosure
|
7500000 | usd |
CY2023Q3 | us-gaap |
Goodwill Fair Value Disclosure
GoodwillFairValueDisclosure
|
7712730 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-1120068 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-998631 | usd | |
us-gaap |
Basic Earnings Per Share Pro Forma
BasicEarningsPerShareProForma
|
-0.24 | ||
us-gaap |
Basic Earnings Per Share Pro Forma
BasicEarningsPerShareProForma
|
-0.37 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
4640633 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
2674530 | shares | |
CY2023Q3 | us-gaap |
Area Of Land
AreaOfLand
|
21875 | sqm |
CY2023Q3 | us-gaap |
Mineral Properties Net
MineralPropertiesNet
|
3883524 | usd |
CY2023Q3 | us-gaap |
Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
|
212730 | usd |
CY2023Q3 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
29794 | usd |
us-gaap |
Legal Fees
LegalFees
|
1045249 | usd | |
CY2023Q3 | us-gaap |
Accounts Payable Interest Bearing Interest Rate
AccountsPayableInterestBearingInterestRate
|
0.12 | pure |
CY2022Q4 | us-gaap |
Accounts Payable Other Current And Noncurrent
AccountsPayableOtherCurrentAndNoncurrent
|
1132614 | usd |
CY2022 | us-gaap |
Legal Fees
LegalFees
|
1045249 | usd |
CY2022Q4 | us-gaap |
Accounts Payable Other Current
AccountsPayableOtherCurrent
|
87365 | usd |
us-gaap |
Debt Conversion Converted Instrument Amount1
DebtConversionConvertedInstrumentAmount1
|
2619966 | usd | |
CY2023Q3 | us-gaap |
Interest Receivable
InterestReceivable
|
1436352 | usd |
CY2022Q4 | us-gaap |
Interest Receivable
InterestReceivable
|
3508735 | usd |
CY2020Q1 | us-gaap |
Lines Of Credit Current
LinesOfCreditCurrent
|
2500000 | usd |
CY2020Q1 | us-gaap |
Line Of Credit Facility Increase Accrued Interest
LineOfCreditFacilityIncreaseAccruedInterest
|
1000000 | usd |
CY2020Q1 | us-gaap |
Line Of Credit Facility Commitment Fee Percentage
LineOfCreditFacilityCommitmentFeePercentage
|
0.10 | pure |
CY2020Q1 | us-gaap |
Share Price
SharePrice
|
1.65 | |
acrg |
Amendment And Forbearance Agreement Description
AmendmentAndForbearanceAgreementDescription
|
Amendment and Forbearance Agreement with GPR on January 5, 2023 wherein GPR agreed to: (a) increase the existing LOC from $5,000,000 due March 16, 2025 to $35,000,000 due March 16, 2027, (b) roll two existing promissory notes and the judgement purchased by GPR into the LOC resulting in the extinguishment of such notes and judgement as separate instruments, and (c) to forebear until January 12, 2024, on exercising its foreclosure rights under its Senior Secured Note. | ||
CY2023Q3 | us-gaap |
Share Price
SharePrice
|
1.05 | |
us-gaap |
Proceeds From Secured Lines Of Credit
ProceedsFromSecuredLinesOfCredit
|
52500000 | usd | |
CY2023Q3 | us-gaap |
Compensation And Benefits Trust
CompensationAndBenefitsTrust
|
250000000 | usd |
CY2023Q3 | us-gaap |
Other Notes Payable
OtherNotesPayable
|
2724123 | usd |
CY2023Q3 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
5506441 | usd |
acrg |
Restricted Of Common Stock Shares
RestrictedOfCommonStockShares
|
5244230 | shares | |
acrg |
Outstanding Shares Of Common Stock Percentage
OutstandingSharesOfCommonStockPercentage
|
0.908 | pure | |
acrg |
Unrecognized Compensation Expense
UnrecognizedCompensationExpense
|
0 | usd | |
us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
0 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
|
5000 | shares | |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
5000 | shares | |
us-gaap |
Stock Option Exercise Price Decrease
StockOptionExercisePriceDecrease
|
56 | ||
us-gaap |
Warrant Exercise Price Increase
WarrantExercisePriceIncrease
|
56 | ||
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P0Y10M24D | ||
CY2023Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
5000 | usd |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
|
0 | usd |
CY2023Q3 | us-gaap |
Line Of Credit
LineOfCredit
|
5250000 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
|
5000000 | shares |
CY2023Q3 | us-gaap |
Line Of Credit
LineOfCredit
|
5506441 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Shares Restricted Stock Award Forfeited
StockIssuedDuringPeriodSharesRestrictedStockAwardForfeited
|
5244230 | shares |
us-gaap |
Stock Issued During Period Shares Other
StockIssuedDuringPeriodSharesOther
|
5000000 | shares | |
CY2023Q3 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
1.65 | |
us-gaap |
Line Of Credit Facility Increase Decrease For Period Net
LineOfCreditFacilityIncreaseDecreaseForPeriodNet
|
35000000 | usd | |
CY2023Q3 | us-gaap |
Long Term Line Of Credit
LongTermLineOfCredit
|
5250000 | usd |
CY2023Q3 | us-gaap |
Common Stock Dividends Shares
CommonStockDividendsShares
|
5000000 | shares |
CY2023Q3 | us-gaap |
Loss Contingency Accrual Provision
LossContingencyAccrualProvision
|
5506441 | usd |
acrg |
Percentage Of Outstanding Shares
PercentageOfOutstandingShares
|
0.8137 | pure | |
CY2022Q4 | us-gaap |
Goodwill
Goodwill
|
usd | |
CY2022Q4 | us-gaap |
Other Assets
OtherAssets
|
usd | |
CY2023Q3 | us-gaap |
Convertible Notes Payable Current
ConvertibleNotesPayableCurrent
|
usd | |
CY2023Q3 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
us-gaap |
Revenues
Revenues
|
usd | ||
CY2023Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
usd | |
CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
usd | ||
acrg |
Consolidation Of Debt And Accrued Interest Due To Related Party
ConsolidationOfDebtAndAccruedInterestDueToRelatedParty
|
usd | ||
acrg |
Conversion Of Debt And Accrued Interest
ConversionOfDebtAndAccruedInterest
|
usd | ||
us-gaap |
Stock Issued1
StockIssued1
|
usd | ||
acrg |
Liabilities Assumed Due To Purchase Of Swis
LiabilitiesAssumedDueToPurchaseOfSWIS
|
usd | ||
CY2023Q3 | us-gaap |
Other Inventories Spare Parts
OtherInventoriesSpareParts
|
usd | |
CY2023Q3 | acrg |
Product Technology Related Intangibles
ProductTechnologyRelatedIntangibles
|
usd | |
CY2023Q3 | us-gaap |
Energy Marketing Contract Liabilities Current
EnergyMarketingContractLiabilitiesCurrent
|
usd | |
CY2023Q3 | us-gaap |
Capitalized Contract Cost Net Current
CapitalizedContractCostNetCurrent
|
usd | |
CY2023Q3 | us-gaap |
Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
|
usd | |
us-gaap |
Revenues
Revenues
|
usd | ||
us-gaap |
Revenues
Revenues
|
usd | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Other Increases Decreases In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOtherIncreasesDecreasesInPeriod
|
shares | ||
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000773717 |