2021 Q4 Form 10-Q Financial Statement

#000147793221008195 Filed on November 15, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2021 Q3 2020 Q4
Revenue $4.538M $2.814M $10.00K
YoY Change 45275.3% 855.02% -99.84%
Cost Of Revenue $2.698M $3.069M $2.110M
YoY Change 27.87% 4121.71% -82.76%
Gross Profit $1.839M -$254.9K -$2.100M
YoY Change -187.59% -214.85% -64.71%
Gross Profit Margin 40.54% -9.06% -21000.0%
Selling, General & Admin $1.579M $1.114M $1.220M
YoY Change 29.42% 259.32% -58.36%
% of Gross Profit 85.84%
Research & Development $8.089M $5.142M $2.770M
YoY Change 192.01% 550.93% 109.85%
% of Gross Profit 439.74%
Depreciation & Amortization $924.4K $495.7K $0.00
YoY Change -23.32% -100.0%
% of Gross Profit 50.25%
Operating Expenses $10.77M $10.66M $5.050M
YoY Change 113.3% 321.37% -20.97%
Operating Profit -$8.932M -$7.843M -$7.150M
YoY Change 24.92% 251.0% -42.06%
Interest Expense -$1.856M $1.095M -$1.450M
YoY Change 27.97% 188.48% 17.89%
% of Operating Profit
Other Income/Expense, Net $236.9K -$1.071M $170.0K
YoY Change 39.37% -145.4% -79.76%
Pretax Income -$10.55M -$8.914M -$8.430M
YoY Change 25.16% -7527.93% -78.95%
Income Tax
% Of Pretax Income
Net Earnings -$10.55M -$8.914M -$8.430M
YoY Change 25.16% -7289.37% -78.95%
Net Earnings / Revenue -232.52% -316.76% -84300.0%
Basic Earnings Per Share
Diluted Earnings Per Share -$171.2K -$148.4K -$231.5K
COMMON SHARES
Basic Shares Outstanding 61.73M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2021 Q4 2021 Q3 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $11.49M $19.12M $10.62M
YoY Change 8.22% 2449.56%
Cash & Equivalents $12.59M $20.13M $11.20M
Short-Term Investments
Other Short-Term Assets $629.6K $273.3K $180.0K
YoY Change 249.78% 51.85%
Inventory $0.00 $1.664K $150.5K
Prepaid Expenses $624.6K $268.3K $175.0K
Receivables $3.176M $2.107M $38.65K
Other Receivables $0.00 $0.00 $230.0K
Total Short-Term Assets $15.29M $21.50M $11.22M
YoY Change 36.35% 1481.15% 252.7%
LONG-TERM ASSETS
Property, Plant & Equipment $22.90M $23.02M $22.50M
YoY Change 1.8% -0.98% -18.69%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.500M $2.250M
YoY Change
Other Assets $1.095M $30.40M $27.20M
YoY Change -95.97% 4649.64% 9973.89%
Total Long-Term Assets $27.58M $30.40M $27.20M
YoY Change 1.4% 8.52% -15.13%
TOTAL ASSETS
Total Short-Term Assets $15.29M $21.50M $11.22M
Total Long-Term Assets $27.58M $30.40M $27.20M
Total Assets $42.87M $51.90M $38.42M
YoY Change 11.6% 76.72% 9.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.178M $5.067M $4.970M
YoY Change 44.43% -52.33% -57.74%
Accrued Expenses $1.325M $427.8K $1.044M
YoY Change 27.0% -24.94% -63.64%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $5.284M $5.314M $11.00M
YoY Change -51.96% -57.38% -60.6%
Total Short-Term Liabilities $16.53M $27.94M $20.93M
YoY Change -21.04% 7.14% -53.49%
LONG-TERM LIABILITIES
Long-Term Debt $9.169M $4.746M $19.63M
YoY Change -53.29% -78.08% 262.18%
Other Long-Term Liabilities $19.42M $21.19M $35.16M
YoY Change -44.76% 39.23% 100.8%
Total Long-Term Liabilities $28.68M $21.19M $35.16M
YoY Change -18.42% -42.52% 53.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.53M $27.94M $20.93M
Total Long-Term Liabilities $28.68M $21.19M $35.16M
Total Liabilities $45.21M $49.13M $58.42M
YoY Change -22.61% -21.95% -14.0%
SHAREHOLDERS EQUITY
Retained Earnings -$165.8M -$155.4M -$133.3M
YoY Change 24.39%
Common Stock $6.508K $6.083K $4.256K
YoY Change 52.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.345M $2.767M -$20.01M
YoY Change
Total Liabilities & Shareholders Equity $42.87M $51.90M $38.42M
YoY Change 11.6% 76.72% 9.04%

Cashflow Statement

Concept 2021 Q4 2021 Q3 2020 Q4
OPERATING ACTIVITIES
Net Income -$10.55M -$8.914M -$8.430M
YoY Change 25.16% -7289.37% -78.95%
Depreciation, Depletion And Amortization $924.4K $495.7K $0.00
YoY Change -23.32% -100.0%
Cash From Operating Activities -$11.65M -$6.995M -$11.75M
YoY Change -0.84% 572.64% 56.25%
INVESTING ACTIVITIES
Capital Expenditures -$243.2K -$2.149M
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$600.0K $0.00 $0.00
YoY Change
Cash From Investing Activities -$843.2K -$2.149M $0.00
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 4.952M 146.4K 21.55M
YoY Change -77.02% -47.7% 218.32%
NET CHANGE
Cash From Operating Activities -11.65M -6.995M -11.75M
Cash From Investing Activities -843.2K -2.149M 0.000
Cash From Financing Activities 4.952M 146.4K 21.55M
Net Change In Cash -7.542M -8.998M 9.800M
YoY Change -176.96% 1083.96% -1406.67%
FREE CASH FLOW
Cash From Operating Activities -$11.65M -$6.995M -$11.75M
Capital Expenditures -$243.2K -$2.149M
Free Cash Flow -$11.41M -$4.846M
YoY Change 365.99%

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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
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arec Issuance Of Shares For Services
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187999 USD
arec Issuance Of Shares For Services
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arec Issuance Of Shares For Debt Settlement
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us-gaap Fair Value Adjustment Of Warrants
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0 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
230050 USD
arec Shares Returned As Part Of Asset Sale
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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-303567 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-615701 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-2296237 USD
us-gaap Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
1638973 USD
us-gaap Increase Decrease In Accounts Payable Related Parties
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202351 USD
us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Proceeds From Issuance Of Long Term Debt
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28000 USD
us-gaap Proceeds From Warrant Exercises
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2269425 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
1223700 USD
arec Net Proceeds From Payments To Factoring Agreement
NetProceedsFromPaymentsToFactoringAgreement
0 USD
arec Net Proceeds From Payments To Factoring Agreement
NetProceedsFromPaymentsToFactoringAgreement
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us-gaap Net Cash Provided By Used In Financing Activities
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31446016 USD
us-gaap Net Cash Provided By Used In Financing Activities
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2807264 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
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8929094 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
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1122905 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
11201203 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
268811 USD
CY2021Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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0 USD
arec Issuance Of Warrants In Conjunction With Convertible Notes
IssuanceOfWarrantsInConjunctionWithConvertibleNotes
0 USD
arec Issuance Of Warrants In Conjunction With Convertible Notes
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1223700 USD
us-gaap Interest Paid
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42426 USD
us-gaap Interest Paid
InterestPaid
208154 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
CY2021Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
61731391 shares
CY2021Q3 us-gaap Cash
Cash
19121714 USD
CY2020Q4 us-gaap Cash
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CY2020Q4 us-gaap Accounts Receivable Net Current
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38650 USD
CY2021Q3 us-gaap Inventory Net
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CY2020Q4 us-gaap Inventory Net
InventoryNet
150504 USD
CY2021Q3 us-gaap Prepaid Expense Current
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268332 USD
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
175000 USD
CY2021Q3 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
0 USD
CY2020Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
234240 USD
CY2021Q3 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
5000 USD
CY2020Q4 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
0 USD
CY2021Q3 us-gaap Assets Current
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21503647 USD
CY2020Q4 us-gaap Assets Current
AssetsCurrent
11215889 USD
CY2021Q3 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
1008583 USD
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
583708 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
23022004 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22498659 USD
CY2021Q3 arec Investment In Llc Related Party
InvestmentInLlcRelatedParty
2250000 USD
CY2020Q4 arec Investment In Llc Related Party
InvestmentInLlcRelatedParty
0 USD
CY2021Q3 us-gaap Notes Receivable Net
NotesReceivableNet
4117139 USD
CY2020Q4 us-gaap Notes Receivable Net
NotesReceivableNet
4117139 USD
CY2021Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
30397726 USD
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
27199506 USD
CY2021Q3 us-gaap Assets
Assets
51901373 USD
CY2020Q4 us-gaap Assets
Assets
38415395 USD
CY2021Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
2748903 USD
CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
4288794 USD
CY2021Q3 arec Non Trade Payables
NonTradePayables
2681651 USD
CY2020Q4 arec Non Trade Payables
NonTradePayables
3850781 USD
CY2021Q3 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
2318119 USD
CY2020Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
679146 USD
CY2021Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
427818 USD
CY2020Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1043519 USD
CY2021Q3 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
74000 USD
CY2020Q4 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
74000 USD
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
5314261 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
10997692 USD
us-gaap Variable Interest Entity Ownership Percentage
VariableInterestEntityOwnershipPercentage
1 pure
arec Interim Financial Informationpolicytextblock
InterimFinancialInformationpolicytextblock
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with U.S. GAAP have been omitted. In the opinion of management, these interim unaudited Consolidated Financial Statements reflect all normal and recurring adjustments necessary for a fair presentation of the results for the periods presented. Results of operations for the three and nine months ended September 30, 2021, are not necessarily indicative of the results to be expected for the year ending December 31, 2021 or any other period. These financial statements should be read in conjunction with the Company’s 2020 audited financial statements and notes thereto which were filed on Form 10-K on March 12, 2021. </p>
arec Variable Interest Entitiespolicytextblock
VariableInterestEntitiespolicytextblock
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Variable Interest Entities:</em></strong><em> </em>We must consolidate any VIE in which we have variable interests if we are deemed to be the primary beneficiary of the VIE; that is, if we have both (1) the power to direct the economically significant activities of the entity and (2) the obligation to absorb losses of, or the right to receive benefits from, the entity that could potentially be significant to the VIE. Such a determination requires management to evaluate circumstances and relationships and to make a significant judgment, and to repeat the evaluation at each subsequent reporting date. For VIE’s that the Company is deemed not to be the primary beneficiary, the investment is accounted for under the equity method of accounting. </p>
us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
116115 USD
CY2021Q3 us-gaap Restricted Cash
RestrictedCash
1008583 USD
CY2020Q4 us-gaap Restricted Cash
RestrictedCash
583708 USD
CY2021Q3 us-gaap Cash
Cash
19121714 USD
CY2020Q3 us-gaap Cash
Cash
753910 USD
CY2021Q3 us-gaap Restricted Cash
RestrictedCash
1008583 USD
CY2020Q3 us-gaap Restricted Cash
RestrictedCash
637806 USD
CY2021Q3 arec Total Cash And Restricted Cash Presented In The Consolidated Statement Of Cash Flows
TotalCashAndRestrictedCashPresentedInTheConsolidatedStatementOfCashFlows
20130297 USD
CY2020Q3 arec Total Cash And Restricted Cash Presented In The Consolidated Statement Of Cash Flows
TotalCashAndRestrictedCashPresentedInTheConsolidatedStatementOfCashFlows
1391716 USD
arec Beginning Balance Amount
BeginningBalanceAmount
17855304 USD
arec Accretion
Accretion
916909 USD
us-gaap Reimbursement From Limited Partnership Investment
ReimbursementFromLimitedPartnershipInvestment
0 USD
arec Reduction Of Aro Due To Dispositions
ReductionOfAroDueToDispositions
0 USD
arec Ending Balance Amount
EndingBalanceAmount
18772213 USD
arec Beginning Balance Amount
BeginningBalanceAmount
19839782 USD
arec Accretion
Accretion
981859 USD
us-gaap Reimbursement From Limited Partnership Investment
ReimbursementFromLimitedPartnershipInvestment
0 USD
arec Reduction Of Aro Due To Dispositions
ReductionOfAroDueToDispositions
-3271973 USD
arec Ending Balance Amount
EndingBalanceAmount
17549668 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
0 USD
CY2020Q4 us-gaap Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
0 USD
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><strong>Reclassifications: </strong></em>Reclassifications of prior periods have been made to conform with current year presentation.</p>
CY2021Q3 arec Less Accumulated Depreciation
LessAccumulatedDepreciation
-15029165 USD
CY2020Q4 arec Less Accumulated Depreciation
LessAccumulatedDepreciation
-12726809 USD
CY2021Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
23022004 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22498659 USD
CY2021Q3 us-gaap Depreciation
Depreciation
495676 USD
CY2020Q3 us-gaap Depreciation
Depreciation
646438 USD
us-gaap Depreciation
Depreciation
1364220 USD
us-gaap Depreciation
Depreciation
1855236 USD
arec Schedule Of Estimated Useful Lives Textblock
ScheduleOfEstimatedUsefulLivesTextblock
<table cellpadding="0" style="border-spacing:0;font-size:10pt;text-align:justify;margin-left:auto;margin-right:auto;width:85%"><tbody><tr style="height:15px;background-color:#cceeff"><td style="width:45%;vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Processing and Rail Facilities </p></td><td style="width:10%;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td style="width:45%;vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">7-20 years</p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Surface Equipment </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">7 years</p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Underground Equipment </p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">5 years</p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Rare Earth Processing Equipment</p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">5 Years</p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Mining Rights</p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">5-10 years</p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">Coal Refuse Storage</p></td><td><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p></td><td style="vertical-align:top;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">10 years</p></td></tr></tbody></table>
CY2021Q3 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
12500000 USD
us-gaap Long Term Debt Description
LongTermDebtDescription
The notes carry a 24-month term, 12.5% interest 10% warrant coverage and a conversion price of $1.05.
us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
600000 USD
CY2021Q3 arec Less Debt Discounts And Loan Issuance Costs
LessDebtDiscountsAndLoanIssuanceCosts
-397030 USD
CY2020Q4 arec Less Debt Discounts And Loan Issuance Costs
LessDebtDiscountsAndLoanIssuanceCosts
-405667 USD
CY2021Q3 us-gaap Loans Payable Current
LoansPayableCurrent
10060417 USD
CY2020Q4 us-gaap Loans Payable Current
LoansPayableCurrent
16328444 USD
CY2021Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
5314261 USD
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
10997692 USD
CY2021Q3 us-gaap Long Term Notes Payable
LongTermNotesPayable
4746156 USD
CY2020Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
5330752 USD
CY2021Q3 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
12174176 USD
CY2020Q4 us-gaap Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
15128480 USD
CY2021Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
123407 USD
CY2020Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
827573 USD
CY2021Q3 arec Total Convertible Note Payables Net Of Discount
TotalConvertibleNotePayablesNetOfDiscount
12050769 USD
CY2020Q4 arec Total Convertible Note Payables Net Of Discount
TotalConvertibleNotePayablesNetOfDiscount
14300907 USD
CY2021Q3 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
74000 USD
CY2020Q4 us-gaap Due To Affiliate Current
DueToAffiliateCurrent
74000 USD
CY2021Q3 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
74000 USD
CY2020Q4 us-gaap Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
74000 USD
CY2021Q3 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
101615 USD
CY2020Q3 us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
115025 USD
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
478666 USD
us-gaap Employee Benefits And Share Based Compensation
EmployeeBenefitsAndShareBasedCompensation
331665 USD
CY2021Q1 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
425000 shares
CY2021Q1 arec Gross Proceeds
GrossProceeds
1275000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
arec Annual Rent Maturity Date
AnnualRentMaturityDate
2018-12-31
arec Frequency Of Periodic Payment
FrequencyOfPeriodicPayment
month-to-month

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