$AREC Balance Sheet | Understand Stock

$AREC

$1.17 +$0.08 (7.34%) Close

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated balance sheets

In millions of USD, except per-share amounts

	Q4 FY2025 As of Dec 31, 2025	Q3 FY2025 As of Sep 30, 2025	Q3 FY2024 As of Sep 30, 2024	Q2 FY2024 As of Jun 30, 2024	Q4 FY2023 As of Dec 31, 2023	Q3 FY2023 As of Sep 30, 2023	Q2 FY2023 As of Jun 30, 2023	Q1 FY2023 As of Mar 31, 2023	Q4 FY2022 As of Dec 31, 2022	Q3 FY2022 As of Sep 30, 2022	Q2 FY2022 As of Jun 30, 2022	Q1 FY2022 As of Mar 31, 2022	Q4 FY2021 As of Dec 31, 2021	Q3 FY2021 As of Sep 30, 2021	Q1 FY2021 As of Mar 31, 2021	Q3 FY2020 As of Sep 30, 2020	Q2 FY2020 As of Jun 30, 2020	Q1 FY2020 As of Mar 31, 2020	Q3 FY2019 As of Sep 30, 2019	Q2 FY2019 As of Jun 30, 2019
Current assets:
Cash
Receivables
Advances to related party
Accounts receivable

Cash and cash equivalents
Adjustment
Adjustments
Restated
Total cash and cash equivalents
Short-term investments held in trust account - restricted
Adjustment
Adjustments
Restated
Total short-term investments held in trust account - restricted
Restricted cash - current
Adjustment
Adjustments
Restated
Total restricted cash - current
Restricted investments - current
Short-term investments
Adjustments
Restated
Total short-term investments
Due from related party
Adjustments
Restated
Total due from related party
Interest receivables
Adjustments
Restated
Total interest receivables
Receivables
Inventories
Adjustment
Adjustments
Restated
Total inventories
Prepaid fees
Accounts Receivable - Other
Advances to related party
Prepaid expenses and other current assets
Adjustment
Adjustments
Restated
Total prepaid expenses and other current assets
Accounts receivable - related party - net of allowance of $62,030,311 and $0 for the years ended December 31, 2025 and 2024 respectively.
Current assets - discontinued operations
Current assets
Adjustment
Adjustments
Restated
Total current assets
Operating - right-of-use assets, net
Adjustment
Restated
Total operating - right-of-use assets, net
Investment in llc - Related Party
Investment in LLC- Related Party
Processing and rail facility
Underground equipment
Surface equipment
Acquired mining rights
Coal refuse storage
Less Accumulated Depreciation
Land
Restricted investment
Adjustments
Restated
Total restricted investment
Non-current assets:
Restricted cash
Restricted investment
Property and equipment, net
Adjustments
Adjustment
Restated
Total property and equipment, net
Right-of-use assets, net
Adjustments
Total right-of-use assets, net
Operating - right-of-use assets, net - related party
Adjustments
Restated
Total operating - right-of-use assets, net - related party
Total Long-Term Assets
Total Other Assets
Right-of-use assets, net - related party
Finance - right-of-use asset, net - related party
Adjustments
Restated
Total finance - right-of-use asset, net - related party
Investment in other entities - related parties
Adjustment
Adjustments
Restated
Total investment in other entities - related parties
Notes receivable, net
Adjustment
Adjustments
Restated
Total notes receivable, net
Non-current assets - discontinued operations
Assets
Adjustment
Adjustments
Restated
Total assets
Current liabilities:
Accounts payable
Accounts payable - nontrade
Trade payables
Adjustment
Adjustments
Restated
Total trade payables
Non-trade payables
Adjustment
Adjustments
Restated
Total non-trade payables
Accounts payable to related party
Accounts payable - related party
Adjustment
Adjustments
Restated
Total accounts payable - related party
Accrued expenses
Adjustment
Adjustments
Restated
Total accrued expenses
Funds held for others
Due to affiliate

Accrued litigation settlement
Accrued interest
Other current liabilities
Adjustment
Adjustments
Restated
Total other current liabilities
Current portion of convertible debt
Less: current portion
Current portion of long term debt
Adjustment
Adjustments
Restated
Total current portion of long term debt
Current portion of convertible debt (net of unamortized discount of $0 and $18,106)
Current portion of reclamation liability
Convertible note payables
Operating lease liabilities, current
Adjustment
Adjustments
Restated
Total operating lease liabilities, current
Convertible promissory note current
Operating lease liabilities, current - related party
Adjustments
Restated
Total operating lease liabilities, current - related party
Finance lease, current - related party
Adjustments
Restated
Total finance lease, current - related party
Finance lease - related party, current
Other financing obligations, current
Adjustment
Adjustments
Restated
Total other financing obligations, current
Current liabilities - discontinued operations
Current liabilities
Adjustment
Adjustments
Restated
Total current liabilities
Notes payable
Total Long-Term Liabilities
Lease liabilities, net
Reclamation liability
Total Other Liabilities
Remediation liability
Adjustment
Adjustments
Restated
Total remediation liability
Bond payable, net
Adjustment
Adjustments
Restated
Total bond payable, net
Non-current liabilities:
Remediation liability
Bonds payable, net
Convertible promissory note
Reclamation liability
Convertible promissory note - related party
Adjustments
Restated
Total convertible promissory note - related party
Other financing obligations, net of current portion
Adjustment
Adjustments
Restated
Total other financing obligations, net of current portion
Finance lease, non-current - related party
Adjustments
Restated
Total finance lease, non-current - related party
Long term debt

Other financing obligations, net of current portion
Other financing obligations, net of current portion
Operating lease liabilities, non-current
Adjustment
Adjustments
Restated
Total operating lease liabilities, non-current
Bonds Payable, net
Finance lease - related party, non-current
Total Long-Term Liabilities
Operating lease liabilities, non-current - related party
Adjustments
Restated
Total operating lease liabilities, non-current - related party
Non-current liabilities - discontinued operations
Liabilities
Adjustment
Adjustments
Restated
Total liabilities
Stockholders' deficit:
Common stock, $0.0001 par value; 230,000,000 shares authorized, 106,919,830 and 77,996,079 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively
Common Class A
Adjustment
Adjustments
Restated
Total common stock, $0.0001 par value; 230,000,000 shares authorized, 106,919,830 and 77,996,079 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively

AREC - Series A Preferred stock: $.0001 par value; 100,000 shares authorized, nil and nil shares issued and outstanding
Series A Preferred Stock
Series C Preferred Stock
Total aREC - Series A Preferred stock: $.0001 par value; 100,000 shares authorized, nil and nil shares issued and outstanding
Additional paid-in capital
Adjustment
Adjustments
Restated
Total additional paid-in capital
Accumulated deficit
Adjustment
Adjustments
Restated
Total accumulated deficit
Total American Resources Corporation Shareholders' Equity
Total American Resources Corporation Stockholders' Equity (Deficit)
Stockholders' equity (deficit)
Adjustment
Adjustments
Restated
Total stockholders' equity (deficit)

Non-controlling interest
Adjustment
Adjustments
Restated
Total non-controlling interest
Equity
Adjustment
Restated
Total equity
Deficit
Adjustments
Restated
Total deficit
Total equity (deficit)
Liabilities and stockholders' equity (deficit)
Adjustment
Adjustments
Restated
Total liabilities and stockholders' equity (deficit)
AREC - Series B Preferred stock: $.001 par value; 20,000,000 shares authorized, nil and nil shares issued and outstanding, respectively
AREC - Series C Preferred stock: $.001 par value; 20,000,000 shares authorized, nil and nil shares issued and outstanding

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