$AREC
American Resources Corp Stock $arec

$arec Overview Financials Valuation SEC Filings Company Website

2022 Q2 Form 10-Q Financial Statement

#000147793222003505 Filed on May 16, 2022

Income Statement

Concept	2022 Q2	2022 Q1	2021 Q4
Revenue	$16.20M	$9.081M	$4.538M
YoY Change	4019.73%	85196.09%	45275.3%
Cost Of Revenue	$3.292K	$2.891M	$2.698M
YoY Change	-88.19%	111.01%	27.87%
Gross Profit	$16.20M	$6.190M	$1.839M
YoY Change	4333.17%	-555.13%	-187.59%
Gross Profit Margin	99.98%	68.16%	40.54%
Selling, General & Admin	$1.139M	$1.372M	$1.579M
YoY Change	-55.85%	-23.37%	29.42%
% of Gross Profit	7.03%	22.16%	85.84%
Research & Development	$11.53M	$6.784M	$8.089M
YoY Change	136.92%	274.82%	192.01%
% of Gross Profit	71.21%	109.6%	439.74%
Depreciation & Amortization	$630.3K	$393.5K	$924.4K
YoY Change	32.7%	0.0%
% of Gross Profit	3.89%	6.36%	50.25%
Operating Expenses	-$20.33M	-$13.06M	$10.77M
YoY Change	240.04%	118.34%	113.3%
Operating Profit	-$4.133M	-$3.984M	-$8.932M
YoY Change	-26.02%	-33.3%	24.92%
Interest Expense	$274.6K	$383.7K	-$1.856M
YoY Change	-59.3%	-21.87%	27.97%
% of Operating Profit
Other Income/Expense, Net	$1.689M	$82.16K	$236.9K
YoY Change	-258.72%	132.76%	39.37%
Pretax Income	-$2.444M	-$2.753M	-$10.55M
YoY Change	-81.26%	-56.92%	25.16%
Income Tax
% Of Pretax Income
Net Earnings	-$2.444M	-$2.753M	-$10.55M
YoY Change	-63.25%	-56.92%	25.16%
Net Earnings / Revenue	-15.09%	-30.32%	-232.52%
Basic Earnings Per Share
Diluted Earnings Per Share	-$36.63K	-$42.07K	-$171.2K
COMMON SHARES
Basic Shares Outstanding	66.20M shares		61.73M shares
Diluted Shares Outstanding

Balance Sheet

Concept	2022 Q2	2022 Q1	2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments	$3.808M	$5.217M	$11.49M
YoY Change	-86.45%	-26.52%	8.22%
Cash & Equivalents	$4.895M	$6.304M	$12.59M
Short-Term Investments
Other Short-Term Assets	$816.1K	$1.576M	$629.6K
YoY Change	204.12%	556.68%	249.78%
Inventory		$1.236M	$0.00
Prepaid Expenses	$816.1K	$1.576M	$624.6K
Receivables	$5.355M	$2.856M	$3.176M
Other Receivables	$0.00	$0.00	$0.00
Total Short-Term Assets	$9.979M	$10.89M	$15.29M
YoY Change	-66.05%	40.82%	36.35%
LONG-TERM ASSETS
Property, Plant & Equipment	$20.88M	$22.70M	$22.90M
YoY Change	-3.69%	1.51%	1.8%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$3.242M	$2.500M	$2.500M
YoY Change	44.11%	9.65%
Other Assets	$1.087M	$1.087M	$1.095M
YoY Change	6.68%	-11.66%	-95.97%
Total Long-Term Assets	$27.70M	$27.67M	$27.58M
YoY Change	-4.72%	-7.69%	1.4%
TOTAL ASSETS
Total Short-Term Assets	$9.979M	$10.89M	$15.29M
Total Long-Term Assets	$27.70M	$27.67M	$27.58M
Total Assets	$37.68M	$38.56M	$42.87M
YoY Change	-35.55%	2.26%	11.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$6.923M	$6.255M	$7.178M
YoY Change	93.9%	66.36%	44.43%
Accrued Expenses	$38.19K	$1.001M	$1.325M
YoY Change	-88.51%	300.58%	27.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$752.2K	$3.737M	$5.284M
YoY Change	-95.73%	-77.64%	-51.96%
Total Short-Term Liabilities	$9.852M	$21.84M	$16.53M
YoY Change	-63.85%	-17.88%	-21.04%
LONG-TERM LIABILITIES
Long-Term Debt	$12.35M	$534.5K	$9.169M
YoY Change	114.22%	-92.99%	-53.29%
Other Long-Term Liabilities	$20.17M	$19.83M	$19.42M
YoY Change	25.0%	25.29%	-44.76%
Total Long-Term Liabilities	$32.52M	$20.37M	$28.68M
YoY Change	48.48%	-13.18%	-18.42%
TOTAL LIABILITIES
Total Short-Term Liabilities	$9.852M	$21.84M	$16.53M
Total Long-Term Liabilities	$32.52M	$20.37M	$28.68M
Total Liabilities	$42.37M	$42.21M	$45.21M
YoY Change	-13.79%	-15.68%	-22.61%
SHAREHOLDERS EQUITY
Retained Earnings	-$171.0M	-$168.5M	-$165.8M
YoY Change			24.39%
Common Stock	$6.661K	$6.616K	$6.508K
YoY Change			52.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$4.697M	-$3.652M	-$2.345M
YoY Change
Total Liabilities & Shareholders Equity	$37.68M	$38.56M	$42.87M
YoY Change	-35.55%	2.26%	11.6%

Cashflow Statement

Concept	2022 Q2	2022 Q1	2021 Q4
OPERATING ACTIVITIES
Net Income	-$2.444M	-$2.753M	-$10.55M
YoY Change	-63.25%	-56.92%	25.16%
Depreciation, Depletion And Amortization	$630.3K	$393.5K	$924.4K
YoY Change	32.7%	0.0%
Cash From Operating Activities	-$2.217M	-$5.734M	-$11.65M
YoY Change	-40.01%	-15.01%	-0.84%
INVESTING ACTIVITIES
Capital Expenditures		-$724.9K	-$243.2K
YoY Change		27.18%
Acquisitions
YoY Change
Other Investing Activities	-$862.4K	-$67.13K	-$600.0K
YoY Change	-2974.8%	-97.06%
Cash From Investing Activities	-$137.5K	-$792.0K	-$843.2K
YoY Change	58.82%	-72.11%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net		$0.00
YoY Change		-100.0%
Debt Paid & Issued, Net		$39.56K
YoY Change		-36.5%
Cash From Financing Activities	945.8K	$241.3K	4.952M
YoY Change	-96.15%	-96.41%	-77.02%
NET CHANGE
Cash From Operating Activities	-2.217M	-$5.734M	-11.65M
Cash From Investing Activities	-137.5K	-$792.0K	-843.2K
Cash From Financing Activities	945.8K	$241.3K	4.952M
Net Change In Cash	-1.409M	-$6.284M	-7.542M
YoY Change	-106.78%	118.96%	-176.96%
FREE CASH FLOW
Cash From Operating Activities	-$2.217M	-$5.734M	-$11.65M
Capital Expenditures		-$724.9K	-$243.2K
Free Cash Flow		-$5.009M	-$11.41M
YoY Change		-18.9%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022Q1	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	3241109	USD
CY2021Q4	us-gaap	Accounts Payable Related Parties Current AccountsPayableRelatedPartiesCurrent	3932716	USD
CY2022Q1	us-gaap	Other Assets OtherAssets	27674838	USD
CY2021Q4	us-gaap	Other Assets OtherAssets	27574759	USD
CY2022Q1	arec	Trade Payables TradePayables	3013987	USD
CY2022Q1	us-gaap	Debt Instrument Unamortized Discount Current DebtInstrumentUnamortizedDiscountCurrent	0	USD
CY2021Q4	us-gaap	Debt Instrument Unamortized Discount Current DebtInstrumentUnamortizedDiscountCurrent	18106	USD
CY2022Q1	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent	8912097	USD
CY2022Q1	us-gaap	Other Notes Payable OtherNotesPayable	534543	USD
CY2021Q4	us-gaap	Other Notes Payable OtherNotesPayable	548477	USD
CY2022Q1	arec	Unamortized Discount Current Portion Of Convertible Notes Payable UnamortizedDiscountCurrentPortionOfConvertibleNotesPayable	0	USD
CY2021Q4	arec	Unamortized Discount Current Portion Of Convertible Notes Payable UnamortizedDiscountCurrentPortionOfConvertibleNotesPayable	22549	USD
CY2022Q1	us-gaap	Convertible Notes Payable ConvertibleNotesPayable	0	USD
CY2021Q4	us-gaap	Convertible Notes Payable ConvertibleNotesPayable	8620412	USD
CY2022Q1	us-gaap	Accrued Reclamation Costs Current AccruedReclamationCostsCurrent	19219209	USD
CY2021Q4	us-gaap	Accrued Reclamation Costs Current AccruedReclamationCostsCurrent	18951587	USD
CY2022Q1	arec	Lease Liabilities Net LeaseLiabilitiesNet	614708	USD
CY2021Q4	arec	Lease Liabilities Net LeaseLiabilitiesNet	562428	USD
CY2022Q1	us-gaap	Other Liabilities OtherLiabilities	20368460	USD
CY2021Q4	us-gaap	Other Liabilities OtherLiabilities	28682904	USD
CY2022Q1	us-gaap	Liabilities Liabilities	42211967	USD
CY2021Q4	us-gaap	Liabilities Liabilities	45213110	USD
CY2022Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	230000000	shares
CY2022Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	66156417	shares
CY2021Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	65084992	shares
CY2022Q1	us-gaap	Common Stock Value CommonStockValue	6616	USD
CY2021Q4	us-gaap	Common Stock Value CommonStockValue	6508	USD
CY2022Q1	us-gaap	Due To Affiliate Current DueToAffiliateCurrent	69000	USD
CY2022Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-168538589	USD
CY2021Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-165793571	USD
CY2022Q1	arec	Total American Resources Corporation Shareholders Equity TotalAmericanResourcesCorporationShareholdersEquity	-3643637	USD
CY2021Q4	arec	Total American Resources Corporation Shareholders Equity TotalAmericanResourcesCorporationShareholdersEquity	-2345408	USD
CY2022Q1	us-gaap	Minority Interest MinorityInterest	-7884	USD
CY2021Q4	us-gaap	Minority Interest MinorityInterest	0	USD
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	-3651521	USD
CY2022Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	38560446	USD
CY2021Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	42872702	USD
CY2022Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	164888336	USD
CY2021Q4	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	163441655	USD
CY2021Q1	us-gaap	Accretion Expense AccretionExpense	305636	USD
CY2022Q1	arec	Coal Sales CoalSales	9031259	USD
CY2021Q1	arec	Coal Sales CoalSales	3274	USD
CY2022Q1	arec	Metal Recovery And Sales MetalRecoveryAndSales	37226	USD
CY2021Q1	arec	Metal Recovery And Sales MetalRecoveryAndSales	0	USD
CY2022Q1	arec	Royalty Income RoyaltyIncome	12137	USD
CY2021Q1	arec	Royalty Income RoyaltyIncome	7372	USD
CY2022Q1	us-gaap	Revenues Revenues	9080622	USD
CY2021Q1	us-gaap	Revenues Revenues	10646	USD
CY2022Q1	us-gaap	Cost Of Revenue CostOfRevenue	2890858	USD
CY2022Q1	us-gaap	Accretion Expense AccretionExpense	267622	USD
CY2022Q1	us-gaap	Operating Expenses OperatingExpenses	-13063333	USD
CY2022Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-3983711	USD
CY2021Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-5972332	USD
CY2022Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	82156	USD
CY2021Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	35296	USD
CY2022Q1	arec	Gain On Cancelation Of Debt GainOnCancelationOfDebt	1521304	USD
CY2022Q1	arec	Amortization Of Debt Discount And Debt Issuance Costs AmortizationOfDebtDiscountAndDebtIssuanceCosts	0	USD
CY2021Q1	arec	Amortization Of Debt Discount And Debt Issuance Costs AmortizationOfDebtDiscountAndDebtIssuanceCosts	2879	USD
CY2022Q1	us-gaap	Interest Income Operating InterestIncomeOperating	10045	USD
CY2021Q1	us-gaap	Interest Income Operating InterestIncomeOperating	41171	USD
CY2022Q1	us-gaap	Interest Expense InterestExpense	383696	USD
CY2021Q1	us-gaap	Interest Expense InterestExpense	491113	USD
CY2022Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	1229809	USD
CY2021Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-417525	USD
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-2752902	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	-6389857	USD
CY2022Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	303394	USD
CY2022Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1020814	USD
CY2021Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1081447	USD
CY2022Q1	us-gaap	Professional Fees ProfessionalFees	350938	USD
CY2021Q1	us-gaap	Professional Fees ProfessionalFees	710032	USD
CY2021Q1	us-gaap	Royalty Expense RoyaltyExpense	568182	USD
CY2022Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	7884	USD
CY2021Q1	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	0	USD
CY2022Q1	us-gaap	Income Loss Attributable To Parent IncomeLossAttributableToParent	-2745018	USD
CY2021Q1	us-gaap	Income Loss Attributable To Parent IncomeLossAttributableToParent	-6389857	USD
CY2022Q1	arec	Net Loss Per Common Share Basic And Diluted NetLossPerCommonShareBasicAndDiluted	-0.04
CY2021Q1	arec	Net Loss Per Common Share Basic And Diluted NetLossPerCommonShareBasicAndDiluted	-0.14
CY2022Q1	arec	Weighted Average Common Shares Outstanding Basics And Diluted WeightedAverageCommonSharesOutstandingBasicsAndDiluted	65253533	shares
CY2021Q1	arec	Weighted Average Common Shares Outstanding Basics And Diluted WeightedAverageCommonSharesOutstandingBasicsAndDiluted	46917910	shares
CY2020Q4	us-gaap	Stockholders Equity StockholdersEquity	-20005500	USD
CY2021Q1	arec	Shares Issued In Connection With Registered Offering Amount SharesIssuedInConnectionWithRegisteredOfferingAmount	1274924	USD
CY2022Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	319312	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	35376	USD
CY2022Q1	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	951410	USD
CY2021Q1	us-gaap	Increase Decrease In Prepaid Expense IncreaseDecreaseInPrepaidExpense	66668	USD
CY2021Q1	arec	Shares Issued In Connection With Warrant Conversions Amount SharesIssuedInConnectionWithWarrantConversionsAmount	2055799	USD
CY2021Q1	us-gaap	Stock Issued During Period Value Issued For Services StockIssuedDuringPeriodValueIssuedForServices	188000	USD
CY2021Q1	arec	Shares Issued In Connection With Debt And Payable Conversions Amount SharesIssuedInConnectionWithDebtAndPayableConversionsAmount	9845640	USD
CY2021Q1	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	-163297	USD
CY2021Q1	arec	Amortization Of Warrant And Option Expense AmortizationOfWarrantAndOptionExpense	262025	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	-6389857	USD
CY2021Q1	us-gaap	Stockholders Equity StockholdersEquity	-12605673	USD
CY2022Q1	arec	Shares Issued In Connection With Warrant Conversions Amount SharesIssuedInConnectionWithWarrantConversionsAmount	280875	USD
CY2022Q1	arec	Amortization Of Beneficial Conversion Features AmortizationOfBeneficialConversionFeatures	-40655	USD
CY2022Q1	arec	Shares Issued In Connection With Debt Conversions Amount SharesIssuedInConnectionWithDebtConversionsAmount	1006726	USD
CY2022Q1	arec	Amortization Of Warrant And Stock Option Expense AmortizationOfWarrantAndStockOptionExpense	199843	USD
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-2752902	USD
CY2022Q1	us-gaap	Stockholders Equity StockholdersEquity	-3651521	USD
CY2022Q1	us-gaap	Net Income Loss NetIncomeLoss	-2752902	USD
CY2021Q1	us-gaap	Net Income Loss NetIncomeLoss	-6389857	USD
CY2022Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	1521304	USD
CY2021Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	USD
CY2022Q1	us-gaap	Depreciation Depreciation	626042	USD
CY2021Q1	us-gaap	Depreciation Depreciation	393530	USD
CY2022Q1	arec	Amortization Of Intangible Asset AmortizationOfIntangibleAsset	303394	USD
CY2021Q1	arec	Amortization Of Intangible Asset AmortizationOfIntangibleAsset	311685	USD
CY2022Q1	us-gaap	Accretion Expense AccretionExpense	267622	USD
CY2021Q1	us-gaap	Accretion Expense AccretionExpense	305636	USD
CY2022Q1	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	2899	USD
CY2021Q1	us-gaap	Operating Lease Right Of Use Asset Amortization Expense OperatingLeaseRightOfUseAssetAmortizationExpense	0	USD
CY2022Q1	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	199843	USD
CY2021Q1	us-gaap	Fair Value Adjustment Of Warrants FairValueAdjustmentOfWarrants	115025	USD
CY2022Q1	arec	Issuance Of Common Share Options For Compensation IssuanceOfCommonShareOptionsForCompensation	0	USD
CY2021Q1	arec	Issuance Of Common Share Options For Compensation IssuanceOfCommonShareOptionsForCompensation	147000	USD
CY2022Q1	arec	Amortization Of Beneficial Conversion Feature AmortizationOfBeneficialConversionFeature	0	USD
CY2021Q1	arec	Amortization Of Beneficial Conversion Feature AmortizationOfBeneficialConversionFeature	590464	USD
CY2022Q1	arec	Issuance Of Common Shares For Services IssuanceOfCommonSharesForServices	0	USD
CY2021Q1	arec	Issuance Of Common Shares For Services IssuanceOfCommonSharesForServices	188000	USD
CY2022Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	94435	USD
CY2021Q1	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-796248	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-5733607	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-6745974	USD
CY2022Q1	arec	Cash Paid For Ppe Net CashPaidForPpeNet	724900	USD
CY2021Q1	arec	Cash Paid For Ppe Net CashPaidForPpeNet	565000	USD
CY2022Q1	us-gaap	Interest Paid Capitalized InterestPaidCapitalized	267875	USD
CY2022Q1	arec	Cash Invested In Note Receivable CashInvestedInNoteReceivable	335000	USD
CY2022Q1	arec	Investment In Llcs InvestmentInLlcs	0	USD
CY2021Q1	arec	Investment In Llcs InvestmentInLlcs	2275000	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-792025	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-2840000	USD
CY2022Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	39559	USD
CY2021Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	62294	USD
CY2022Q1	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	0	USD
CY2021Q1	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	1997514	USD
CY2022Q1	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	0	USD
CY2022Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	1236065	USD
CY2021Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	0	USD
CY2022Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-393866	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-1613643	USD
CY2022Q1	us-gaap	Increase Decrease In Accounts Payable Related Parties IncreaseDecreaseInAccountsPayableRelatedParties	-691607	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Payable Related Parties IncreaseDecreaseInAccountsPayableRelatedParties	33726	USD
CY2022Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-6284316	USD
CY2021Q1	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-2870030	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
CY2022Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	6303797	USD
CY2021Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	8331173	USD
CY2022Q1	arec	Conversion Of Debt To Common Shares ConversionOfDebtToCommonShares	1006726	USD
CY2021Q1	arec	Conversion Of Debt To Common Shares ConversionOfDebtToCommonShares	1997514	USD
CY2022Q1	arec	Issuance Of Warrants In Conjunction With Convertible Notes Discount On Note Due To Beneficial Conversion Feature IssuanceOfWarrantsInConjunctionWithConvertibleNotesDiscountOnNoteDueToBeneficialConversionFeature	0	USD
CY2021Q1	arec	Issuance Of Warrants In Conjunction With Convertible Notes Discount On Note Due To Beneficial Conversion Feature IssuanceOfWarrantsInConjunctionWithConvertibleNotesDiscountOnNoteDueToBeneficialConversionFeature	715740	USD
CY2022Q1	arec	Cash Paid For Interest Warrant Exercise For Common Shares CashPaidForInterestWarrantExerciseForCommonShares	3726	USD
CY2021Q1	us-gaap	Proceeds From Convertible Debt ProceedsFromConvertibleDebt	1620000	USD
CY2022Q1	us-gaap	Proceeds From Warrant Exercises ProceedsFromWarrantExercises	280875	USD
CY2021Q1	us-gaap	Proceeds From Warrant Exercises ProceedsFromWarrantExercises	2055723	USD
CY2022Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	0	USD
CY2021Q1	us-gaap	Proceeds From Issuance Of Common Stock ProceedsFromIssuanceOfCommonStock	1105001	USD
CY2022Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	241316	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	6715944	USD
CY2021Q1	arec	Cash Paid For Interest Warrant Exercise For Common Shares CashPaidForInterestWarrantExerciseForCommonShares	42426	USD
CY2022Q1	us-gaap	Area Of Land AreaOfLand	6700	sqft
CY2021Q4	arec	Sublease Term SubleaseTerm	2 years
CY2021Q4	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	4745	USD
CY2021Q4	arec	Trade Payables TradePayables	3245566	USD
CY2022Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	66203279	shares
CY2022Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	704627	USD
CY2022Q1	us-gaap	Investments Investments	2500000	USD
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
CY2022Q1	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 months ended March 31, 2022 are not necessarily indicative of the results to be expected for the year ending December 31, 2022 or any other period. These financial statements should be read in conjunction with the Company’s 2021 audited financial statements and notes thereto which were filed on form 10-K on March 11, 2022.</p>
CY2022Q1	us-gaap	Property Management Fee Revenue PropertyManagementFeeRevenue	116115	USD
CY2022Q1	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	250000	USD
CY2021Q4	us-gaap	Restricted Cash And Cash Equivalents RestrictedCashAndCashEquivalents	250000	USD
CY2022Q1	us-gaap	Cash Cash	5217204	USD
CY2021Q1	us-gaap	Cash Cash	7097465	USD
CY2022Q1	us-gaap	Restricted Cash RestrictedCash	1086593	USD
CY2021Q1	us-gaap	Restricted Cash RestrictedCash	1233708	USD
CY2022Q1	arec	Total Cash And Restricted Cash Presented In The Consolidated Statement Of Cash Flows TotalCashAndRestrictedCashPresentedInTheConsolidatedStatementOfCashFlows	6303797	USD
CY2021Q1	arec	Total Cash And Restricted Cash Presented In The Consolidated Statement Of Cash Flows TotalCashAndRestrictedCashPresentedInTheConsolidatedStatementOfCashFlows	8331173	USD
CY2022Q1	arec	Discount Rate Of Federal And State Laws DiscountRateOfFederalAndStateLaws	0.10	pure
CY2022Q1	arec	Beginning Balance Amount BeginningBalanceAmount	18951587	USD
CY2022Q1	arec	Accretion Accretion	267622	USD
CY2022Q1	arec	Ending Balance Amount EndingBalanceAmount	19219209	USD
CY2021Q1	arec	Beginning Balance Amount BeginningBalanceAmount	17855305	USD
CY2021Q1	arec	Accretion Accretion	305636	USD
CY2021Q1	arec	Ending Balance Amount EndingBalanceAmount	18160941	USD
CY2022Q1	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	0	USD
CY2022Q1	us-gaap	Allowance For Doubtful Accounts Premiums And Other Receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables	1744570	USD
CY2021Q4	us-gaap	Allowance For Doubtful Accounts Premiums And Other Receivables AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables	1744570	USD
CY2022Q1	arec	Prepaid Fees And Advance Royaltiespolicytextblock PrepaidFeesAndAdvanceRoyaltiespolicytextblock	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Prepaid Fees and Advance Royalties: </em></strong>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>
CY2022Q1	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"><strong><em>Reclassifications: </em></strong>Reclassifications have been made to conform with current year presentation.</p>
CY2022Q1	arec	Less Accumulated Depreciation LessAccumulatedDepreciation	-16883011	USD
CY2021Q4	arec	Less Accumulated Depreciation LessAccumulatedDepreciation	-15953575	USD
CY2022Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	22698618	USD
CY2021Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	22903154	USD
CY2022Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	393530	USD
CY2021Q1	us-gaap	Depreciation Depletion And Amortization DepreciationDepletionAndAmortization	393530	USD
CY2022Q1	us-gaap	Debt Instrument Periodic Payment Principal DebtInstrumentPeriodicPaymentPrincipal	1564684	USD
CY2022Q1	arec	Long Term Debt Increased LongTermDebtIncreased	0	USD
CY2022Q1	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
CY2022Q1	arec	Warrants Exercise Price WarrantsExercisePrice	1.50
CY2021Q1	us-gaap	Debt Instrument Periodic Payment Principal DebtInstrumentPeriodicPaymentPrincipal	8136378	USD
CY2021Q1	arec	Long Term Debt Increased LongTermDebtIncreased	1620000	USD
CY2021Q1	arec	Convertible Debt Curren ConvertibleDebtCurren	1620000	USD
CY2021Q1	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
CY2021Q1	arec	Warrants Exercise Price WarrantsExercisePrice	1.50
CY2022Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.1082	pure
CY2022Q1	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	5726	USD
CY2022Q1	arec	Rental Lease Expired Date RentalLeaseExpiredDate	December 2026
CY2022Q1	arec	Amended Lease AmendedLease	The amended lease has a ten-year term and $5,869 per month rate
CY2022Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	704627	USD
CY2021Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	0	USD
CY2022Q1	arec	Operating Lease Assets Current OperatingLeaseAssetsCurrent	80858	USD
CY2021Q1	arec	Operating Lease Assets Current OperatingLeaseAssetsCurrent	0	USD
CY2022Q1	arec	Operating Lease Assets Non Current OperatingLeaseAssetsNonCurrent	0	USD
CY2022Q1	arec	Operating Lease Assets OperatingLeaseAssets	695566	USD
CY2021Q1	arec	Operating Lease Assets OperatingLeaseAssets	0	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due Next Twelve Months LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths	80858	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	71801	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	59690	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	68414	USD
CY2022Q1	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	414802	USD
CY2021Q1	arec	Amounts Payable Under The Agreement AmountsPayableUnderTheAgreement	9784	USD
CY2021Q4	us-gaap	Investments Investments	250000	USD
CY2022Q1	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	199843	USD
CY2021Q1	us-gaap	Employee Benefits And Share Based Compensation EmployeeBenefitsAndShareBasedCompensation	262025	USD
CY2022Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0	pure
CY2021Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0	pure
CY2022Q1	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	5726	USD
CY2022Q1	arec	Rental Lease Expired Date RentalLeaseExpiredDate	December 2026
CY2022Q1	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
CY2021Q4	arec	Sublease Term SubleaseTerm	2 years
CY2021Q4	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	4745	USD

Files In Submission

Name	View Source	Status
0001477932-22-003505-index-headers.html	Edgar Link	pending
0001477932-22-003505-index.html	Edgar Link	pending
0001477932-22-003505.txt	Edgar Link	pending
0001477932-22-003505-xbrl.zip	Edgar Link	pending
arec-20220331.xsd	Edgar Link	pending
arec-20220331_cal.xml	Edgar Link	unprocessable
arec-20220331_def.xml	Edgar Link	unprocessable
arec-20220331_lab.xml	Edgar Link	unprocessable
arec-20220331_pre.xml	Edgar Link	unprocessable
arec_10q.htm	Edgar Link	pending
arec_10q_htm.xml	Edgar Link	completed
arec_ex211.htm	Edgar Link	pending
arec_ex311.htm	Edgar Link	pending
arec_ex312.htm	Edgar Link	pending
arec_ex321.htm	Edgar Link	pending
arec_ex322.htm	Edgar Link	pending
arec_ex951.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
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R2.htm	Edgar Link	pending
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R3.htm	Edgar Link	pending
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R35.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$AREC
American Resources Corp Stock $arec

2022 Q2 Form 10-Q Financial Statement

#000147793222003505 Filed on May 16, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

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$AREC American Resources Corp Stock $arec

2022 Q2 Form 10-Q Financial Statement

#000147793222003505 Filed on May 16, 2022

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$AREC
American Resources Corp Stock $arec