2021 Form 10-K Financial Statement
#000147793222001737 Filed on March 30, 2022
Income Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| Revenue | $7.755M | $10.00K | $1.060M |
| YoY Change | 631.85% | -99.84% | -95.67% |
| Cost Of Revenue | $7.089M | $2.110M | $3.750M |
| YoY Change | 89.06% | -82.76% | -87.63% |
| Gross Profit | $666.4K | -$2.100M | -$2.690M |
| YoY Change | -124.77% | -64.71% | -53.86% |
| Gross Profit Margin | 8.59% | -21000.0% | -253.83% |
| Selling, General & Admin | $5.272M | $1.220M | $3.560M |
| YoY Change | 48.09% | -58.36% | -69.98% |
| % of Gross Profit | 791.15% | ||
| Research & Development | $18.10M | $2.770M | $4.000M |
| YoY Change | 352.47% | 109.85% | -44.75% |
| % of Gross Profit | 2716.07% | ||
| Depreciation & Amortization | $1.980M | $0.00 | $2.299M |
| YoY Change | -13.86% | -100.0% | -63.22% |
| % of Gross Profit | 297.14% | ||
| Operating Expenses | $36.09M | $5.050M | $17.51M |
| YoY Change | 106.14% | -20.97% | -34.72% |
| Operating Profit | -$28.33M | -$7.150M | -$16.45M |
| YoY Change | 72.27% | -42.06% | -49.63% |
| Interest Expense | $4.160M | -$1.450M | $3.383M |
| YoY Change | 22.95% | 17.89% | -223.48% |
| % of Operating Profit | |||
| Other Income/Expense, Net | -$233.0K | $170.0K | $20.54K |
| YoY Change | -1234.51% | -79.76% | -100.25% |
| Pretax Income | -$32.50M | -$8.430M | -$10.26M |
| YoY Change | 216.81% | -78.95% | -85.53% |
| Income Tax | |||
| % Of Pretax Income | |||
| Net Earnings | -$32.50M | -$8.430M | -$10.26M |
| YoY Change | 216.94% | -78.95% | -85.54% |
| Net Earnings / Revenue | -419.12% | -84300.0% | -967.81% |
| Basic Earnings Per Share | |||
| Diluted Earnings Per Share | -$588.6K | -$231.5K | -$349.5K |
| COMMON SHARES | |||
| Basic Shares Outstanding | |||
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| SHORT-TERM ASSETS | |||
| Cash & Short-Term Investments | $11.49M | $10.62M | $10.62M |
| YoY Change | 8.22% | ||
| Cash & Equivalents | $11.20M | ||
| Short-Term Investments | |||
| Other Short-Term Assets | $629.6K | $180.0K | $180.0K |
| YoY Change | 249.78% | ||
| Inventory | $0.00 | $150.5K | $150.0K |
| Prepaid Expenses | $175.0K | ||
| Receivables | $3.176M | $38.65K | $40.00K |
| Other Receivables | $0.00 | $230.0K | $230.0K |
| Total Short-Term Assets | $15.30M | $11.22M | $11.22M |
| YoY Change | 36.35% | 252.7% | 252.83% |
| LONG-TERM ASSETS | |||
| Property, Plant & Equipment | $23.63M | $22.50M | $22.50M |
| YoY Change | 5.02% | -18.69% | -18.68% |
| Goodwill | |||
| YoY Change | |||
| Intangibles | |||
| YoY Change | |||
| Long-Term Investments | $2.500M | ||
| YoY Change | |||
| Other Assets | $1.095M | $27.20M | $580.0K |
| YoY Change | 88.86% | 9973.89% | 114.81% |
| Total Long-Term Assets | $27.57M | $27.20M | $27.20M |
| YoY Change | 1.38% | -15.13% | -15.13% |
| TOTAL ASSETS | |||
| Total Short-Term Assets | $15.30M | $11.22M | $11.22M |
| Total Long-Term Assets | $27.57M | $27.20M | $27.20M |
| Total Assets | $42.87M | $38.42M | $38.42M |
| YoY Change | 11.59% | 9.04% | 9.05% |
| SHORT-TERM LIABILITIES | |||
| YoY Change | |||
| Accounts Payable | $7.178M | $4.970M | $4.970M |
| YoY Change | 44.43% | -57.74% | -57.74% |
| Accrued Expenses | $1.477M | $1.044M | $1.040M |
| YoY Change | 42.03% | -63.64% | -63.76% |
| Deferred Revenue | |||
| YoY Change | |||
| Short-Term Debt | $0.00 | $0.00 | $0.00 |
| YoY Change | |||
| Long-Term Debt Due | $5.855M | $11.00M | $11.00M |
| YoY Change | -46.77% | -60.6% | -60.59% |
| Total Short-Term Liabilities | $16.54M | $20.93M | $23.26M |
| YoY Change | -28.91% | -53.49% | -48.32% |
| LONG-TERM LIABILITIES | |||
| Long-Term Debt | $9.169M | $19.63M | $19.63M |
| YoY Change | -53.29% | 262.18% | 262.18% |
| Other Long-Term Liabilities | $19.42M | $35.16M | $15.53M |
| YoY Change | 25.07% | 100.8% | -11.31% |
| Total Long-Term Liabilities | $28.59M | $35.16M | $35.16M |
| YoY Change | -18.68% | 53.34% | 53.34% |
| TOTAL LIABILITIES | |||
| Total Short-Term Liabilities | $16.54M | $20.93M | $23.26M |
| Total Long-Term Liabilities | $28.59M | $35.16M | $35.16M |
| Total Liabilities | $45.13M | $58.42M | $58.42M |
| YoY Change | -22.75% | -14.0% | -14.0% |
| SHAREHOLDERS EQUITY | |||
| Retained Earnings | -$133.3M | ||
| YoY Change | |||
| Common Stock | $4.256K | ||
| YoY Change | |||
| Preferred Stock | |||
| YoY Change | |||
| Treasury Stock (at cost) | |||
| YoY Change | |||
| Treasury Stock Shares | |||
| Shareholders Equity | -$2.255M | -$20.01M | -$20.01M |
| YoY Change | |||
| Total Liabilities & Shareholders Equity | $42.87M | $38.42M | $38.42M |
| YoY Change | 11.59% | 9.04% | 9.05% |
Cashflow Statement
| Concept | 2021 | 2020 Q4 | 2020 |
|---|---|---|---|
| OPERATING ACTIVITIES | |||
| Net Income | -$32.50M | -$8.430M | -$10.26M |
| YoY Change | 216.94% | -78.95% | -85.54% |
| Depreciation, Depletion And Amortization | $1.980M | $0.00 | $2.299M |
| YoY Change | -13.86% | -100.0% | -63.22% |
| Cash From Operating Activities | -$29.09M | -$11.75M | -$13.85M |
| YoY Change | 110.09% | 56.25% | -27.92% |
| INVESTING ACTIVITIES | |||
| Capital Expenditures | -$3.069M | ||
| YoY Change | |||
| Acquisitions | |||
| YoY Change | |||
| Other Investing Activities | -$2.850M | $0.00 | $420.0K |
| YoY Change | -778.57% | -35.38% | |
| Cash From Investing Activities | -$5.919M | $0.00 | $417.9K |
| YoY Change | -1516.5% | 30.58% | |
| FINANCING ACTIVITIES | |||
| Cash Dividend Paid | |||
| YoY Change | |||
| Common Stock Issuance & Retirement, Net | |||
| YoY Change | |||
| Debt Paid & Issued, Net | $562.3K | $2.587M | |
| YoY Change | -78.26% | ||
| Cash From Financing Activities | $36.40M | 21.55M | $24.36M |
| YoY Change | 49.41% | 218.32% | 48.1% |
| NET CHANGE | |||
| Cash From Operating Activities | -$29.09M | -11.75M | -$13.85M |
| Cash From Investing Activities | -$5.919M | 0.000 | $417.9K |
| Cash From Financing Activities | $36.40M | 21.55M | $24.36M |
| Net Change In Cash | $1.387M | 9.800M | $10.93M |
| YoY Change | -87.31% | -1406.67% | -548.05% |
| FREE CASH FLOW | |||
| Cash From Operating Activities | -$29.09M | -$11.75M | -$13.85M |
| Capital Expenditures | -$3.069M | ||
| Free Cash Flow | -$26.02M | ||
| YoY Change |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
| CY2021Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
230000000 | shares |
| CY2021Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
65084992 | shares |
| CY2020Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
42972762 | shares |
| CY2020Q4 | us-gaap |
Accrued Reclamation Costs Current
AccruedReclamationCostsCurrent
|
17855304 | USD |
| CY2020Q4 | arec |
Lease Liabilities Net
LeaseLiabilitiesNet
|
0 | USD |
| CY2021 | arec |
Coal Sales
CoalSales
|
7518792 | USD |
| CY2021 | arec |
Metal Recovery And Sales
MetalRecoveryAndSales
|
159599 | USD |
| CY2020 | arec |
Metal Recovery And Sales
MetalRecoveryAndSales
|
535357 | USD |
| CY2021 | arec |
Royalty Income
RoyaltyIncome
|
76915 | USD |
| CY2020 | arec |
Royalty Income
RoyaltyIncome
|
0 | USD |
| CY2021 | us-gaap |
Revenues
Revenues
|
7755306 | USD |
| CY2020 | us-gaap |
Revenues
Revenues
|
1059691 | USD |
| CY2021 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
7088951 | USD |
| CY2020 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
3749519 | USD |
| CY2021 | us-gaap |
Accretion Expense
AccretionExpense
|
1096283 | USD |
| CY2020 | us-gaap |
Accretion Expense
AccretionExpense
|
1287496 | USD |
| CY2021 | arec |
Gain On Purchase And Disposal Of Asset
GainOnPurchaseAndDisposalOfAsset
|
0 | USD |
| CY2020 | arec |
Gain On Purchase And Disposal Of Asset
GainOnPurchaseAndDisposalOfAsset
|
0 | USD |
| CY2021 | us-gaap |
Depreciation
Depreciation
|
1980026 | USD |
| CY2020 | us-gaap |
Depreciation
Depreciation
|
2298703 | USD |
| CY2021 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1246740 | USD |
| CY2020 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1251357 | USD |
| CY2021 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3884464 | USD |
| CY2020 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2486799 | USD |
| CY2021 | us-gaap |
Professional Fees
ProfessionalFees
|
1387430 | USD |
| CY2020 | us-gaap |
Professional Fees
ProfessionalFees
|
1076548 | USD |
| CY2021 | us-gaap |
Royalty Expense
RoyaltyExpense
|
1306150 | USD |
| CY2020 | us-gaap |
Royalty Expense
RoyaltyExpense
|
1357749 | USD |
| CY2021 | us-gaap |
Development Costs
DevelopmentCosts
|
18098670 | USD |
| CY2020 | us-gaap |
Development Costs
DevelopmentCosts
|
3998885 | USD |
| CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-20005500 | USD |
| CY2021 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-232994 | USD |
| CY2020 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
20537 | USD |
| CY2021 | arec |
Gain On Interest Forgiven
GainOnInterestForgiven
|
0 | USD |
| CY2020 | arec |
Gain On Interest Forgiven
GainOnInterestForgiven
|
832500 | USD |
| CY2021 | arec |
Gain On Depreciation Recapture
GainOnDepreciationRecapture
|
0 | USD |
| CY2020 | arec |
Gain On Depreciation Recapture
GainOnDepreciationRecapture
|
1706569 | USD |
| CY2021 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
0 | USD |
| CY2020 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
6820949 | USD |
| CY2021 | arec |
Amortization Of Debt Discount And Debt Issuance Costs
AmortizationOfDebtDiscountAndDebtIssuanceCosts
|
-8637 | USD |
| CY2021 | us-gaap |
Operating Expenses
OperatingExpenses
|
36088714 | USD |
| CY2020 | us-gaap |
Operating Expenses
OperatingExpenses
|
17507056 | USD |
| CY2021 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-28333408 | USD |
| CY2020 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-16447365 | USD |
| CY2020 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
29359993 | shares |
| CY2019Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-32704641 | USD |
| CY2020 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
12035000 | USD |
| CY2020 | arec |
Amortization Of Debt Discount And Debt Issuance Costs
AmortizationOfDebtDiscountAndDebtIssuanceCosts
|
-11516 | USD |
| CY2021 | us-gaap |
Interest Income Operating
InterestIncomeOperating
|
230529 | USD |
| CY2020 | us-gaap |
Interest Income Operating
InterestIncomeOperating
|
205857 | USD |
| CY2021 | us-gaap |
Interest Expense
InterestExpense
|
4159813 | USD |
| CY2020 | us-gaap |
Interest Expense
InterestExpense
|
3383294 | USD |
| CY2021 | us-gaap |
Income Loss Attributable To Parent
IncomeLossAttributableToParent
|
-32504323 | USD |
| CY2020 | us-gaap |
Income Loss Attributable To Parent
IncomeLossAttributableToParent
|
-10255763 | USD |
| CY2021 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.59 | |
| CY2020 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.35 | |
| CY2021 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
55222768 | shares |
| CY2020 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
-1026845 | USD |
| CY2020 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-10255763 | USD |
| CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-20005500 | USD |
| CY2021 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
29217964 | USD |
| CY2021 | arec |
Shares Issued In Connection With Warrant And Option Conversions Amount
SharesIssuedInConnectionWithWarrantAndOptionConversionsAmount
|
2667928 | USD |
| CY2021 | arec |
Shares Issued In Connection With Registered Offering Amount
SharesIssuedInConnectionWithRegisteredOfferingAmount
|
16729068 | USD |
| CY2021 | us-gaap |
Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
|
10000 | USD |
| CY2021 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
-580195 | USD |
| CY2021 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
1093603 | USD |
| CY2021 | arec |
Assumption Of Membership Interest
AssumptionOfMembershipInterest
|
1026047 | USD |
| CY2021 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-32504323 | USD |
| CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
-2345408 | USD |
| CY2021 | us-gaap |
Profit Loss
ProfitLoss
|
-32504323 | USD |
| CY2020 | us-gaap |
Profit Loss
ProfitLoss
|
-10255762 | USD |
| CY2021 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1980026 | USD |
| CY2020 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
1855236 | USD |
| CY2020 | arec |
Issuance Of Common Stock For Debt Conversion Amount
IssuanceOfCommonStockForDebtConversionAmount
|
8623237 | USD |
| CY2020 | arec |
Bsgtrhtrhgtreh
bsgtrhtrhgtreh
|
92799 | USD |
| CY2020 | arec |
Issuance Of Common Stock For Warrant Exercises Amount
IssuanceOfCommonStockForWarrantExercisesAmount
|
2270929 | USD |
| CY2020 | arec |
Issuance Of Common Stock For Account Payable Conversion Amount
IssuanceOfCommonStockForAccountPayableConversionAmount
|
217776 | USD |
| CY2020 | arec |
Issuance Of Common Stock For Note Settlement Amount
IssuanceOfCommonStockForNoteSettlementAmount
|
642060 | USD |
| CY2020 | arec |
Return Of Common Stock For Asset Sales Amount
ReturnOfCommonStockForAssetSalesAmount
|
-1840200 | USD |
| CY2020 | arec |
Issuance Of Warrants In Conjunction With Convertible Notes
IssuanceOfWarrantsInConjunctionWithConvertibleNotes
|
1595071 | USD |
| CY2020 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation And Exercise Of Stock Options
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationAndExerciseOfStockOptions
|
345077 | USD |
| CY2021 | arec |
Debt Instrument Net Discount
DebtInstrumentNetDiscount
|
206724 | USD |
| CY2021 | arec |
Amortization Of Intangible Asset
AmortizationOfIntangibleAsset
|
1246740 | USD |
| CY2020 | arec |
Amortization Of Intangible Asset
AmortizationOfIntangibleAsset
|
939672 | USD |
| CY2021 | us-gaap |
Accretion Expense
AccretionExpense
|
1096283 | USD |
| CY2020 | us-gaap |
Accretion Expense
AccretionExpense
|
1287496 | USD |
| CY2021 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
11960 | USD |
| CY2020 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
0 | USD |
| CY2021 | arec |
Amortization Of Debt Discount And Issuance Costs
AmortizationOfDebtDiscountAndIssuanceCosts
|
-571559 | USD |
| CY2020 | arec |
Amortization Of Debt Discount And Issuance Costs
AmortizationOfDebtDiscountAndIssuanceCosts
|
0 | USD |
| CY2021 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
1093603 | USD |
| CY2020 | us-gaap |
Stock Option Plan Expense
StockOptionPlanExpense
|
230050 | USD |
| CY2021 | arec |
Cash Invested In Note Receivable
CashInvestedInNoteReceivable
|
350000 | USD |
| CY2020 | arec |
Cash Invested In Note Receivable
CashInvestedInNoteReceivable
|
0 | USD |
| CY2021 | arec |
Investment In Llcs
InvestmentInLlcs
|
2500000 | USD |
| CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-5918943 | USD |
| CY2020 | arec |
Debt Instrument Net Discount
DebtInstrumentNetDiscount
|
0 | USD |
| CY2021 | arec |
Discount Amortization Conver
DiscountAmortizationConver
|
580195 | USD |
| CY2020 | arec |
Discount Amortization Conver
DiscountAmortizationConver
|
0 | USD |
| CY2021 | us-gaap |
Liabilities Assumed1
LiabilitiesAssumed1
|
0 | USD |
| CY2020 | us-gaap |
Liabilities Assumed1
LiabilitiesAssumed1
|
3271974 | USD |
| CY2021 | arec |
Issuance Of Common Shares For Services
IssuanceOfCommonSharesForServices
|
10000 | USD |
| CY2020 | arec |
Issuance Of Common Shares For Services
IssuanceOfCommonSharesForServices
|
18800 | USD |
| CY2021 | arec |
Loan Forgiveness Nmtc
LoanForgivenessNmtc
|
397030 | USD |
| CY2020 | arec |
Loan Forgiveness Nmtc
LoanForgivenessNmtc
|
0 | USD |
| CY2021 | arec |
Issuance Of Warrants In Conjunction With The Convertible Notes
IssuanceOfWarrantsInConjunctionWithTheConvertibleNotes
|
0 | USD |
| CY2020 | arec |
Issuance Of Warrants In Conjunction With The Convertible Notes
IssuanceOfWarrantsInConjunctionWithTheConvertibleNotes
|
1223700 | USD |
| CY2021 | arec |
Loss On Settlement Of Accounts Payable With Common Shares
LossOnSettlementOfAccountsPayableWithCommonShares
|
0 | USD |
| CY2020 | arec |
Loss On Settlement Of Accounts Payable With Common Shares
LossOnSettlementOfAccountsPayableWithCommonShares
|
642060 | USD |
| CY2021 | arec |
Return Of Common Shares For Property Sale
ReturnOfCommonSharesForPropertySale
|
0 | USD |
| CY2020 | arec |
Return Of Common Shares For Property Sale
ReturnOfCommonSharesForPropertySale
|
1840200 | USD |
| CY2021 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
2907746 | USD |
| CY2020 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-2386255 | USD |
| CY2021 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-150504 | USD |
| CY2020 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-365126 | USD |
| CY2021 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
449605 | USD |
| CY2020 | us-gaap |
Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
|
175000 | USD |
| CY2021 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-2943442 | USD |
| CY2020 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-4301976 | USD |
| CY2021 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
281767 | USD |
| CY2020 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
-1826244 | USD |
| CY2021 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
3253570 | USD |
| CY2020 | us-gaap |
Increase Decrease In Accounts Payable Related Parties
IncreaseDecreaseInAccountsPayableRelatedParties
|
-97649 | USD |
| CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-29092193 | USD |
| CY2021 | arec |
Cash Received Paid For Ppe Net
CashReceivedPaidForPpeNet
|
-3068943 | USD |
| CY2020 | arec |
Cash Received Paid For Ppe Net
CashReceivedPaidForPpeNet
|
417857 | USD |
| CY2021 | arec |
Cash Received From Warrant And Option Conversions
CashReceivedFromWarrantAndOptionConversions
|
2667928 | USD |
| CY2021 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
600000 | USD |
| CY2020 | us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
14411949 | USD |
| CY2021 | arec |
Convertible Note Conversions
ConvertibleNoteConversions
|
8556084 | USD |
| CY2020 | arec |
Convertible Note Conversions
ConvertibleNoteConversions
|
0 | USD |
| CY2021 | us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
1677192 | USD |
| CY2020 | us-gaap |
Interest Paid Capitalized
InterestPaidCapitalized
|
0 | USD |
| CY2021 | us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
-5648698 | USD |
| CY2020 | us-gaap |
Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
|
0 | USD |
| CY2021 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
0 | USD |
| CY2020 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
28000 | USD |
| CY2021 | arec |
Net Payments Proceeds From Factoring Agreement
NetPaymentsProceedsFromFactoringAgreement
|
0 | USD |
| CY2020 | arec |
Net Payments Proceeds From Factoring Agreement
NetPaymentsProceedsFromFactoringAgreement
|
1807443 | USD |
| CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
36398046 | USD |
| CY2020 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
24361790 | USD |
| CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
1386910 | USD |
| CY2020 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
10932392 | USD |
| CY2020 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
417857 | USD |
| CY2021 | arec |
Principal Payments On Long Term Debt
PrincipalPaymentsOnLongTermDebt
|
-672424 | USD |
| CY2020 | arec |
Principal Payments On Long Term Debt
PrincipalPaymentsOnLongTermDebt
|
-1103191 | USD |
| CY2021 | arec |
Sale Of Common Stock For Cash In Connection With Public Offering
SaleOfCommonStockForCashInConnectionWithPublicOffering
|
29217964 | USD |
| CY2020 | arec |
Sale Of Common Stock For Cash In Connection With Public Offering
SaleOfCommonStockForCashInConnectionWithPublicOffering
|
12832475 | USD |
| CY2017Q1 | us-gaap |
Common Stock Shares Subscribed But Unissued
CommonStockSharesSubscribedButUnissued
|
4817792 | shares |
| CY2017Q1 | arec |
Retained Common Stock
RetainedCommonStock
|
845377 | shares |
| CY2020Q4 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
4117139 | USD |
| CY2021Q1 | us-gaap |
Investment Tax Credit
InvestmentTaxCredit
|
2250000 | USD |
| CY2021Q1 | us-gaap |
Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
|
0.50 | pure |
| CY2021Q1 | us-gaap |
Investment Tax Credit
InvestmentTaxCredit
|
25000 | USD |
| CY2021Q1 | us-gaap |
Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
|
1 | pure |
| CY2021Q1 | arec |
Future Cash Flows Percentage
FutureCashFlowsPercentage
|
0.50 | pure |
| 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 |
| CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
12588113 | USD |
| CY2020Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
11201203 | USD |
| CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
708076 | USD |
| CY2020 | us-gaap |
Interest Paid Net
InterestPaidNet
|
327239 | USD |
| CY2021Q1 | arec |
Common Stock Shares
CommonStockShares
|
15750000 | shares |
| CY2021 | us-gaap |
Gains Losses On Sales Of Assets
GainsLossesOnSalesOfAssets
|
6820949 | USD |
| CY2021Q4 | arec |
Sublease Term
SubleaseTerm
|
2 years | |
| CY2021Q4 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
4745 | USD |
| CY2021 | dei |
Auditor Location
AuditorLocation
|
Lakewood, CO | |
| CY2021Q4 | us-gaap |
Other Receivables
OtherReceivables
|
0 | USD |
| CY2020Q4 | us-gaap |
Other Receivables
OtherReceivables
|
234240 | USD |
| CY2021Q4 | us-gaap |
Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
|
5000 | USD |
| CY2020Q4 | us-gaap |
Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
|
0 | USD |
| CY2021Q4 | us-gaap |
Assets Current
AssetsCurrent
|
15297943 | USD |
| CY2020Q4 | us-gaap |
Assets Current
AssetsCurrent
|
11215889 | USD |
| CY2020Q4 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
583708 | USD |
| CY2020Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
22498659 | USD |
| CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
726194 | USD |
| CY2020Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
10997692 | USD |
| CY2020Q4 | us-gaap |
Convertible Notes Payable
ConvertibleNotesPayable
|
14300907 | USD |
| CY2021Q4 | us-gaap |
Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
|
18106 | USD |
| CY2020Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
0 | USD |
| CY2020Q4 | arec |
Investment In Llc Related Party
InvestmentInLlcRelatedParty
|
0 | USD |
| CY2020Q4 | us-gaap |
Notes Receivable Net
NotesReceivableNet
|
4117139 | USD |
| CY2020Q4 | arec |
Trade Payables
TradePayables
|
4288794 | USD |
| CY2020Q4 | us-gaap |
Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
|
827573 | USD |
| CY2021Q4 | us-gaap |
Convertible Subordinated Debt Current
ConvertibleSubordinatedDebtCurrent
|
571618 | USD |
| CY2020Q4 | us-gaap |
Convertible Subordinated Debt Current
ConvertibleSubordinatedDebtCurrent
|
0 | USD |
| CY2020Q4 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
20933932 | USD |
| CY2021Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
0 | USD |
| CY2020Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
405667 | USD |
| CY2021Q4 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
548477 | USD |
| CY2020Q4 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
5330752 | USD |
| CY2020Q4 | arec |
Unamortized Discount Current Portion Of Convertible Notes Payable
UnamortizedDiscountCurrentPortionOfConvertibleNotesPayable
|
0 | USD |
| CY2021Q4 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
1095411 | USD |
| CY2020Q4 | us-gaap |
Restricted Cash And Cash Equivalents Noncurrent
RestrictedCashAndCashEquivalentsNoncurrent
|
583708 | USD |
| CY2021Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
12588113 | USD |
| CY2020Q4 | us-gaap |
Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
|
11201203 | USD |
| CY2019 | arec |
Gain On Purchase And Disposal Of Asset
GainOnPurchaseAndDisposalOfAsset
|
394484 | USD |
| CY2021 | arec |
Scheduleofrestrictedcashandcashequivalentstextblock
Scheduleofrestrictedcashandcashequivalentstextblock
|
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Assets</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" colspan="2" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </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 0px 0px 11.25pt">Cash</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">400,000</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </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 0px 0px 11.25pt">Restricted Cash</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">250,000</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </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">Liabilities</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="width:9%;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </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 0px 0px 11.25pt">Reclamation liability</p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">77,831</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table> | |
| CY2021 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><strong>Estimates:</strong></em><strong> </strong>Management uses estimates and assumptions in preparing financial statements in accordance with accounting principles generally accepted in the United States of America. Those estimates and assumptions affect the reported amounts of assets, liabilities, revenues, expenses and the disclosure of contingent assets and liabilities. Actual results could vary from those estimates.</p> | |
| CY2021 | arec |
Advance Royaltiespolicy
AdvanceRoyaltiespolicy
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><strong>Advance Royalties: </strong></em>Coal leases that require minimum annual or advance payments and are recoverable from future production are generally deferred and charged to expense as the coal is subsequently produced. </p> | |
| CY2021 | arec |
Pcr Asset Acquisition
PcrAssetAcquisition
|
0 | USD |
| CY2020 | arec |
Pcr Asset Acquisition
PcrAssetAcquisition
|
347070 | USD |
| CY2021 | arec |
Scheduleofrestrictedcashandcashequivalentstextblocke
Scheduleofrestrictedcashandcashequivalentstextblocke
|
<table cellpadding="0" style="border-spacing:0;text-align:left;font:10pt times new roman;width:100%"><tbody><tr style="height:15px"><td><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>December 31, </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2021</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="hdcell" colspan="2" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:center;"><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>December 31, </strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:center;"><strong>2020</strong></p></td><td style="PADDING-BOTTOM: 1px;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </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">Cash </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">11,492,702</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="width:9%;vertical-align:bottom;text-align:right;">10,617,495</td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#ffffff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Restricted Cash </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">1,095,411</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 1px solid;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td class="ffcell" style="BORDER-BOTTOM: 1px solid;width:9%;vertical-align:bottom;text-align:right;">583,708</td><td style="PADDING-BOTTOM: 1px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr><tr style="height:15px;background-color:#cceeff"><td style="vertical-align:top;"><p style="font-size:10pt;font-family:times new roman;margin:0px">Total cash and restricted cash presented in the consolidated statement of cash flows </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">12,588,113</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td><td style="BORDER-BOTTOM: 3px double;width:1%;vertical-align:bottom;white-space: nowrap;">$</td><td class="ffcell" style="BORDER-BOTTOM: 3px double;width:9%;vertical-align:bottom;text-align:right;">11,201,203</td><td style="PADDING-BOTTOM: 3px;width:1%;white-space: nowrap;"><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p></td></tr></tbody></table> | |
| CY2021Q4 | us-gaap |
Cash
Cash
|
11492702 | USD |
| CY2020Q4 | us-gaap |
Cash
Cash
|
10617495 | USD |
| CY2021 | arec |
Mine Developmentpolicy
MineDevelopmentpolicy
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><strong>Mine Development: </strong></em>Costs of developing new coal mines, including asset retirement obligation assets, are capitalized and amortized using the units-of-production method over estimated coal deposits or proven reserves. Costs incurred for development and expansion of existing reserves are expensed as incurred. </p> | |
| CY2021 | arec |
Cost Of Goods Sold And Gross Profitpolicy
CostOfGoodsSoldAndGrossProfitpolicy
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><strong>Cost of Goods Sold and Gross Profit:</strong></em><em> </em>Cost of Goods Sold for coal mined and processed include direct labor, materials and utilities. Activities related to metal recover are inherent in both direct coal labor and overhead labor and does not require additional variable costs. </p> | |
| CY2021 | us-gaap |
Change In Accounting Estimate Description
ChangeInAccountingEstimateDescription
|
We are using a discount rates ranging from 6.16% to 7.22%, risk free rates ranging from 1.76% to 2.92% and inflation rate of 2%. | |
| CY2021 | us-gaap |
Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
|
0 | USD |
| CY2020 | us-gaap |
Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
|
0 | USD |
| CY2021 | arec |
Beginning Balance
BeginningBalance
|
17855304 | USD |
| CY2020 | arec |
Beginning Balance
BeginningBalance
|
19839782 | USD |
| CY2021 | us-gaap |
Accretion Expense
AccretionExpense
|
1096283 | USD |
| CY2020 | us-gaap |
Accretion Expense
AccretionExpense
|
1287496 | USD |
| CY2021 | arec |
Pointrock Sale
PointrockSale
|
0 | USD |
| CY2020 | arec |
Pointrock Sale
PointrockSale
|
-2910749 | USD |
| CY2021 | arec |
Pcr Sale
PcrSale
|
0 | USD |
| CY2020 | arec |
Pcr Sale
PcrSale
|
-361225 | USD |
| CY2021 | arec |
Ending Balance
EndingBalance
|
18951587 | USD |
| CY2020 | arec |
Ending Balance
EndingBalance
|
17855304 | USD |
| CY2021 | arec |
Steel And Industrial Industry Percentage
SteelAndIndustrialIndustryPercentage
|
1 | pure |
| CY2020 | arec |
Steel And Industrial Industry Percentage
SteelAndIndustrialIndustryPercentage
|
1 | pure |
| CY2021 | arec |
Utility Industry Sales Percentage
UtilityIndustrySalesPercentage
|
0 | pure |
| CY2020 | arec |
Utility Industry Sales Percentage
UtilityIndustrySalesPercentage
|
0 | pure |
| CY2021Q4 | us-gaap |
Capital Leased Assets Gross
CapitalLeasedAssetsGross
|
333875 | USD |
| CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
726194 | USD |
| CY2021 | us-gaap |
Lease Cost
LeaseCost
|
714234 | USD |
| CY2021 | arec |
Beneficial Conversion Features Of Convertible Securities
BeneficialConversionFeaturesOfConvertibleSecurities
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><em><strong>Beneficial Conversion Features of Convertible Securities: </strong></em>Conversion options that are not bifurcated as a derivative pursuant to ASC 815 and not accounted for as a separate equity component under the cash conversion guidance are evaluated to determine whether they are beneficial to the investor at inception (a beneficial conversion feature) or may become beneficial in the future due to potential adjustments. The beneficial conversion feature guidance in ASC 470-20 applies to convertible stock as well as convertible debt which are outside the scope of ASC 815. A beneficial conversion feature is defined as a nondetachable conversion feature that is in the money at the commitment date. In addition, our preferred stock issues contain conversion terms that may change upon the occurrence of a future event, such as antidilution adjustment provisions. The beneficial conversion feature guidance requires recognition of the conversion option’s in-the-money portion, the intrinsic value of the option, in equity, with an offsetting reduction to the carrying amount of the instrument. The resulting discount is amortized as a dividend over either the life of the instrument, if a stated maturity date exists, or to the earliest conversion date, if there is no stated maturity date. If the earliest conversion date is immediately upon issuance, the dividend must be recognized at inception. When there is a subsequent change to the conversion ratio based on a future occurrence, the new conversion price may trigger the recognition of an additional beneficial conversion feature on occurrence.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company has a convertible note outstanding. Principal and accrued interest is convertible into common shares at $1.05 per share.</p> | |
| CY2021Q4 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
1.05 | |
| CY2021 | arec |
Amortization Expense
AmortizationExpense
|
8637 | USD |
| CY2020 | arec |
Amortization Expense
AmortizationExpense
|
11516 | USD |
| CY2021 | arec |
Amortization Expense Description
AmortizationExpenseDescription
|
Amortization expense for the next five years is expected to be approximately $0, annually. | |
| CY2020Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
0 | USD |
| CY2021Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
|
0 | USD |
| CY2021 | arec |
Outstanding Stock Warrants
OutstandingStockWarrants
|
10213764 | shares |
| CY2020 | arec |
Outstanding Stock Warrants
OutstandingStockWarrants
|
8401221 | shares |
| CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
4209269 | shares |
| CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2159269 | shares |
| CY2021 | us-gaap |
Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
|
4209269 | shares |
| CY2020 | us-gaap |
Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
|
2159269 | shares |
| CY2021 | 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 have been made to conform with current year presentation.</p> | |
| CY2021Q4 | arec |
Less Accumulated Depreciation
LessAccumulatedDepreciation
|
-15953575 | USD |
| CY2020Q4 | arec |
Less Accumulated Depreciation
LessAccumulatedDepreciation
|
-12726809 | USD |
| CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
22903154 | USD |
| CY2020Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
22498659 | USD |
| CY2021 | us-gaap |
Depreciation
Depreciation
|
1980026 | USD |
| CY2020 | us-gaap |
Depreciation
Depreciation
|
2298703 | USD |
| CY2021 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1246740 | USD |
| CY2020 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1251357 | USD |
| CY2021 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
5726 | USD |
| CY2021 | arec |
Rental Lease Expired Date
RentalLeaseExpiredDate
|
December 2026 | |
| CY2021 | arec |
Amended Lease
AmendedLease
|
The amended lease has a ten-year term and $5,869 per month rate. | |
| CY2021Q3 | arec |
Commercial Land Lease Sublease Area
CommercialLandLeaseSubleaseArea
|
7 | acre |
| CY2021Q3 | arec |
Sublease Term
SubleaseTerm
|
5 years | |
| CY2021Q3 | us-gaap |
Sublease Income
SubleaseIncome
|
3500 | USD |
| CY2021Q4 | us-gaap |
Area Of Land
AreaOfLand
|
6700 | sqft |
| CY2021Q4 | us-gaap |
Risk Weighted Assets
RiskWeightedAssets
|
742702 | USD |
| CY2021Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
736678 | USD |
| CY2021Q4 | arec |
Operating Lease Right Of Use Asset Current
OperatingLeaseRightOfUseAssetCurrent
|
0 | USD |
| CY2021Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
151806 | USD |
| CY2021Q4 | arec |
Operating Lease Right Of Use Asset Long Term
OperatingLeaseRightOfUseAssetLongTerm
|
743702 | USD |
| CY2021Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
562428 | USD |
| CY2021 | arec |
Increases To Long Term Debt Totaled
IncreasesToLongTermDebtTotaled
|
562318 | USD |
| CY2020 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
2586981 | USD |
| CY2021 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
562318 | USD |
| CY2020 | arec |
Increases To Long Term Debt Totaled
IncreasesToLongTermDebtTotaled
|
5066129 | USD |
| CY2021 | arec |
Proceeds From Factoring Agreement
ProceedsFromFactoringAgreement
|
0 | USD |
| CY2020 | arec |
Proceeds From Factoring Agreement
ProceedsFromFactoringAgreement
|
-1807443 | USD |
| CY2021 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
0 | USD |
| CY2020 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
134296 | USD |
| CY2021 | arec |
Amortized Expense
AmortizedExpense
|
8637 | USD |
| CY2020 | arec |
Amortized Expense
AmortizedExpense
|
11516 | USD |
| CY2021 | arec |
Amortization Of Debt Discount
AmortizationOfDebtDiscount
|
0 | USD |
| CY2020 | arec |
Amortization Of Debt Discount
AmortizationOfDebtDiscount
|
405667 | USD |
| CY2021Q4 | arec |
Less Debt Discounts And Loan Issuance Costs
LessDebtDiscountsAndLoanIssuanceCosts
|
0 | USD |
| CY2020Q4 | arec |
Less Debt Discounts And Loan Issuance Costs
LessDebtDiscountsAndLoanIssuanceCosts
|
-405667 | USD |
| CY2021Q4 | us-gaap |
Loans Payable Current
LoansPayableCurrent
|
5832124 | USD |
| CY2020Q4 | us-gaap |
Loans Payable Current
LoansPayableCurrent
|
16328447 | USD |
| CY2021Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
5283647 | USD |
| CY2020Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
10997692 | USD |
| CY2021Q4 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
548477 | USD |
| CY2020Q4 | us-gaap |
Long Term Notes Payable
LongTermNotesPayable
|
5330752 | USD |
| CY2021Q4 | us-gaap |
Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
|
9232685 | USD |
| CY2020Q4 | us-gaap |
Convertible Debt Fair Value Disclosures
ConvertibleDebtFairValueDisclosures
|
15128480 | USD |
| CY2021Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
40655 | USD |
| CY2020Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
827573 | USD |
| CY2021Q4 | arec |
Total Convertible Note Payables Net Of Discount
TotalConvertibleNotePayablesNetOfDiscount
|
9192030 | USD |
| CY2020Q4 | arec |
Total Convertible Note Payables Net Of Discount
TotalConvertibleNotePayablesNetOfDiscount
|
14300907 | USD |
| CY2021Q4 | us-gaap |
Due To Affiliate Current
DueToAffiliateCurrent
|
74000 | USD |
| CY2020Q4 | us-gaap |
Due To Affiliate Current
DueToAffiliateCurrent
|
74000 | USD |
| CY2021Q4 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
74000 | USD |
| CY2020Q4 | us-gaap |
Notes Payable Related Parties Classified Current
NotesPayableRelatedPartiesClassifiedCurrent
|
74000 | USD |
| CY2021 | us-gaap |
Interest Expense
InterestExpense
|
4159813 | USD |
| CY2020 | us-gaap |
Interest Expense
InterestExpense
|
3383294 | USD |
| CY2017Q2 | arec |
Purchase Secured Debt
PurchaseSecuredDebt
|
250000 | USD |
| CY2021 | arec |
Token Value
TokenValue
|
250 | USD |
| CY2020Q2 | arec |
Purchase Secured Debt
PurchaseSecuredDebt
|
1494570 | USD |
| CY2021Q4 | arec |
Secured Debt Including Accrued Interest
SecuredDebtIncludingAccruedInterest
|
250000 | USD |
| CY2021Q4 | arec |
Sublease Term
SubleaseTerm
|
2 years | |
| CY2021Q4 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
4745 | USD |
| CY2021 | arec |
Note Kentucky New Markets Development Program
NoteKentuckyNewMarketsDevelopmentProgram
|
<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong>NOTE 6 – KENTUCKY NEW MARKETS DEVELOPMENT PROGRAM</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On March 18, 2016, Quest Processing entered into two loans under the Kentucky New Markets Development Program for a total of $5,143,186. Quest Processing paid $460,795 of debt issuance costs resulting in net proceeds of $4,682,391. See note 3. The Company retains the right to call $5,143,186 of the loans in March 2023. State of Kentucky income tax credits were generated for the lender which the Company has guaranteed over their statutory life of seven years in the event the credits are recaptured or reduced. At the time of the transaction, the income tax credits were valued at $2,005,843. The Company has not established a liability in connection with the guarantee because it believes the likelihood of recapture or reduction is remote.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On March 18, 2016, ERC Mining LLC, an entity consolidated as a VIE, lent $4,117,139 to an unaffiliated entity, as part of the Kentucky New Markets Development Program loans. The note bears interest at 4% and is due March 7, 2046. The balance as of December 31, 2021 and 2020 was $0 and $4,117,139, respectively. Payments of interest only are due quarterly until March 18, 2023 at which time quarterly principal and interest are due. The note is collateralized by the equity interests of the borrower. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">The Company’s management also manages the operations of ERC Mining LLC. ERC Mining LLC has assets totaling $4,117,139 and liabilities totaling $4,415,860 as of December 31, 2021 and 2020, respectively, for which there are to be used in conjunction with the transaction described above. Assets totaling $3,325,401 and $3,490,087 and liabilities totaling $4,117,139 and $4,117,139, respectively, are eliminated upon consolidation as of December 31, 2021 and 2020. The Company’s risk associated with ERC Mining LLC is greater than its ownership percentage and its involvement does not affect the Company’s business beyond the relationship described above. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On November 9. 2021, Quest Processing fulfilled all obligations of the loans under the Kentucky New Markets Development Program. As such, all amounts due under the notes were forgiven and ongoing requirements were ended. </p> | |
| CY2021Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
6366032 | USD |
| CY2020Q4 | us-gaap |
Deferred Tax Assets Gross
DeferredTaxAssetsGross
|
1786715 | USD |
| CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
24175518 | USD |
| CY2020Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
17809487 | USD |
| CY2021 | us-gaap |
Tax Credit Carryforward Description
TaxCreditCarryforwardDescription
|
The net operating loss carryforwards for years 2015, 2016, 2017, 2018. 2019 and 2020 begin to expire in 2035. | |
| CY2021 | arec |
Reduced In Corporate Income Tax Rate
ReducedInCorporateIncomeTaxRate
|
34% to 21% | |
| CY2021 | arec |
Corporate Tax Treatment
CorporateTaxTreatment
|
The CARES Act temporarily and retroactively increases the limitation on the deductibility of interest expense under Code Sec. 163(j)(1) from 30% to 50% for the tax years beginning in 2019 and 2020. | |
| CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.21 | pure |
| CY2021 | us-gaap |
Conversion Of Stock Description
ConversionOfStockDescription
|
Company issued 1,020,000 Employee Stock options under the current plan. The individual option awards vest over a period of 1 to 9 years. | |
| CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
| CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure |
| CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.8797 | pure |
| CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0098 | pure |
| CY2020 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0060 | pure |
| CY2021 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
5726 | USD |
| CY2021 | arec |
Rental Lease Expired Date
RentalLeaseExpiredDate
|
December 2026 | |
| CY2021 | arec |
Amended Leases
AmendedLeases
|
The amended lease has a ten year term and $5,869 per month rate. | |
| CY2021Q3 | arec |
Commercial Land Lease Sublease Area
CommercialLandLeaseSubleaseArea
|
7 | acre |
| CY2021Q3 | arec |
Sublease Term
SubleaseTerm
|
5 years | |
| CY2021Q3 | us-gaap |
Sublease Income
SubleaseIncome
|
3500 | USD |
| CY2021Q4 | us-gaap |
Area Of Land
AreaOfLand
|
6700 | sqft |
